Summary
OLORIN has been active since 2011 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.
- OLORIN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Minstens helft bestuurders vertegenwoordigd, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- The chair alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Aansprakelijkheid bestuurders, normaal voorzichtige en zorgvuldige bestuurders in dezelfde omstandigheden” (deed in Dutch)“Functieverdeling bestuursorgaan, bestuursorgaan onder haar leden” (deed in Dutch)4 more provisions on this in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Enkel werkende leden hebben stemrecht op algemene vergadering;steunende nooit stemrecht, rechten en verplichtingen steunende ingeschreven in…” (deed in Dutch)“Aantal leden, stichters en aanvaarde toegetreden of steunende leden” (deed in Dutch)“Duur-einde lidmaatschap werkend lid, onbepaalde duur” (deed in Dutch)1 more provision 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
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding en vereffening, artikelen 2:109 tot 2:149 WWV” (deed in Dutch)