Summary
OLICSA has been active since 2002 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
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Door algemene vergadering bepaald,bij gebreke onbepaalde duur, 3” (deed in Dutch)“Eerstvolgende Algemene Vergadering, overblijvende bestuurders” (deed in Dutch)“Alle handelingen intern bestuur nodig of dienstig voor belangeloos doel behalve exclusieve bevoegdheden Algemene Vergadering, zetel” (deed in Dutch)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Betaalde bijdragen, leden,erfgenamen of rechthebbenden van overleden lid” (deed in Dutch)
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.
- “Minstens 2/3 leden aanwezig of vertegenwoordigd, 4/5 aanwezige of vertegenwoordigde stemmen” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed