Summary
PLAN A has been active since 2005 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
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Minstens de helft van de 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.
- “ARTIKEL 23 EXTERNE VERTEGENWOORDIGINGSMACHT VAN HET BESTUURSORGAAN Het bestuursorgaan vertegenwoordigt als college de vzw in alle…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuurder, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Onbeperkt, leden aanvaard krachtens artikel 8” (deed in Dutch)“Kandidaat-lid dient schriftelijk kandidatuur in bij bestuursorgaan, bestuursorgaan beslist autonoom over elk verzoek tot opneming” (deed in Dutch)“Bestuursorgaan, 500” (deed in Dutch)“Lidmaatschap vervalt automatisch, onbepaalde duur” (deed in Dutch)“Desbetreffend lid moet worden gehoord, uitsluiting aangegeven in oproeping” (deed in Dutch)2 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.
- “Minstens 2/3e leden aanwezig of vertegenwoordigd, vzw in vereffening” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed