PROJECT² DEVELOPMENT FUND

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.

PROJECT² DEVELOPMENT FUND

Registered office clauseThe region of the registered office; it decides among other things the language of official documents.

“Vlaams Gewest, kan bij enkel besluit van bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren…” (deed in Dutch)

deed of 24-01-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.

Each director alone

Board ruleHow the board is made up, meets and takes decisions.

“BESTUURSORGAAN, één of meer bestuurders” (deed in Dutch)

1 more provision on this in the deed

deed of 24-01-2024

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.

First Friday of June at 18:00

deed of 24-01-2024

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.

“Artikel 2:80 WVV, algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.

“Één of meerdere vereffenaars aanduiden bevoegdheden omlijnen vergoeding bepalen, bestuurder(s) in functie als vereffenaar(s) krachtens…” (deed in Dutch)

deed of 24-01-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

1 more provision in the deed, see the deed of 06-11-2024

Liquidation distribution: “Verdeling van het netto-actief, goederen in natura opzelfde wijze verdeeld” (deed in Dutch)

deed of 24-01-2024