Summary
NoWayBack has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is below 0.1% (very low). A small non-profit association files its annual accounts with the court registry, not with the National Bank.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NOWAYBACK
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Brussels Hoofdstedelijk Gewest, bekendmaking in Bijlagen tot het Belgisch Staatsblad” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “8.3. Vertegenwoordiging door de bestuurders Het bestuursorgaan vertegenwoordigt de vereniging in alle handelingen in rechte en buiten…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Samenstelling bestuursorgaan, 3” (deed in Dutch)“Benoeming bestuurders, onbepaalde duur” (deed in Dutch)“Vervanging en coöptatie bestuurder, bijkomende bestuurder kan worden verkozen” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Aantal leden, 2” (deed in Dutch)“Effectieve en toegetreden leden, uitsluitend effectieve leden tenzij uitdrukkelijk anders vermeld” (deed in Dutch)“Toegetreden leden, uitsluitend uitdrukkelijk door statuten toegekende rechten” (deed in Dutch)11 more provisions on this in the deed
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed