Summary
The computed 12-month bankruptcy probability of PAYZarts is 2.3% (moderate). The association has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. 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.
- “Vocation culturelle au sens large du terme; Considère la culture comme un outil de développement et d'émancipation; Organiser des…” (deed in French)deed of 18-02-2026
10 activities (deed in French)
- Vocation culturelle au sens large du terme
- Considère la culture comme un outil de développement et d'émancipation
- Organiser des événements
- Soutenir et venir en appui à des opérateurs culturels et artistes dans toutes les disciplines en Belgique et à l'étranger
- Développer et soutenir des projets qui intègrent la transition écologique et la sensibilisation au développement durable au sens large du terme
- La diversité culturelle
- L'égalité hommes-femmes et l'inclusion
- Le soutien à des projets de jeunes
- Procéder à tout acte susceptible d'atteindre ces objectifs
- Poser tous les actes se rapportant directement ou indirectement à son objet
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimiteddeed of 09-04-2024
- Name clauseThe name the company operates under according to its articles.
- PAYZ'artsdeed of 18-02-2026
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Silly, région wallonne” (deed in French)deed of 18-02-2026
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “2 ans, 3” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Records ruleWhich registers the company keeps, such as the share register, and how.
- One provision in the deeddeed of 09-04-2024
- Membership ruleWho can become a member or partner, and on what terms.
- “Illimité, nombre d'administrateurs plus un” (deed in French)deed of 18-02-2026
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Article 13: Une AG est tenue annuellement entre le 1er janvier et le 30 juin. Une assemblée générale extraordinaire peut être convoquée à…” (deed in French)
- General meetingThe meeting of all shareholders, which appoints directors and approves the accounts.
- “Pouvoirs de l'assemblée générale” (deed in French)1 more provision on this in the deed
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- One provision in the deeddeed of 09-04-2024
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Dissolution, tant financièrement que géographiquement” (deed in French)deed of 18-02-2026
- Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.
- “Code des sociétés et des associations, registre des membres” (deed in French)deed of 18-02-2026