Summary
PROGRESS BOOKING has been active since 2003 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.
- PROGRESS BOOKING
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Durée indéterminée, assemblée générale peut mettre fin à tout moment, effet immédiat, sans motif” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “2, 2” (deed in French)“Peut refuser moyennant motivation, sans recours, peut refuser moyennant motivation, sans recours” (deed in French)“Démission, libre de démissionner à tout moment” (deed in French)“Exclusion, conseil d'administration” (deed in French)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
- Dissolution ruleWhen and by whom the company can be dissolved.
- “29, mêmes conditions que modification de l'objet ou du but désintéressé” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “30, administrateurs en fonction si aucun autre liquidateur désigné” (deed in French)