Summary
Paulusfeesten has been active since 1983 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
- PurposeThe activities the company may carry out under its articles.
- “Hetinrichtenvanactiviteitenenfeestelijkheden,zoalsdeorganisatievanhetstadsfestivaldePaulusfeesten” (deed in Dutch)
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- “ARTIKEL 4 De vereniging is opgericht voor onbepaalde duur, doch kan te allen tijde ontbonden worden.” (deed in Dutch)
- Name clauseThe name the company operates under according to its articles.
- Paulusfeesten
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De vergadering neemt akte van het einde van het bestuursmandaat van Pollet Jasper, bedankt hem voor gedane inspanningen en verleent kwijting…”
- Board ruleHow the board is made up, meets and takes decisions.
- “11, 9” (deed in Dutch)“12, alternerend om de twee jaar” (deed in Dutch)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Zelfde regels als voor wijzigen statuten, uitsluiting lid” (deed in Dutch)6 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.
- “Zelfde regels als voor wijzigen doel of voorwerp, vrijwillige ontbinding” (deed in Dutch)“2/3e aanwezig of vertegenwoordigd, 4/5e aanwezige of vertegenwoordigde stemmen” (deed in Dutch)