Summary
Progress in Motion has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (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.
- “Het organiseren van uitstappen, evenementen en reizen om leden te werven, aandacht te trekken voor en/of middelen te verwerven; Het verkopen…” (deed in Dutch)
3 activities (deed in Dutch)
- Het organiseren van uitstappen, evenementen en reizen om leden te werven, aandacht te trekken voor en/of middelen te verwerven
- Het verkopen van merchandise en/of lokaal verantwoord geproduceerde producten en goederen
- Alle activiteiten die rechtstreeks of onrechtstreeks bijdragen tot de verwezenlijking van haar doel, met inbegrip van bijkomstige commerciële en winstgevende activiteiten waarvan de opbrengsten altijd volledig zullen worden bestemd voor de verwezenlijking van haar doel
- 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 in Motion
- 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
- Board ruleHow the board is made up, meets and takes decisions.
- 4 provisions in the deed
- Daily-management limitUp to which amount or for which matters daily management may decide on its own.
- One provision in the deed
Capital, shares and profit
- Records ruleWhich registers the company keeps, such as the share register, and how.
- 2 provisions in the deed
- Membership ruleWho can become a member or partner, and on what terms.
- “2” (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
- Quorum ruleHow many shareholders or shares must be present for the meeting to decide validly.
- One provision in the deed
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- One provision in the deed
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “3 jaar, Zodra de vzw wel meer dan één van de criteria overschrijdt” (deed in Dutch)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vanaf de beslissing tot ontbinding vermeldt de vzw altijd dat zij “vzw in vereffening” is overeenkomstig het WVV, minstens 2/3 van de leden…” (deed in Dutch)“Gerechtelijke ontbinding, een lid, een belanghebbende derde of het Openbaar Ministerie” (deed in Dutch)