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PROJECT X

Active Risk: very low
Non-profit associationfounded 2023active for 2 yearsStalingradlaan 79, 1000 Brussel, Belgium10 active companies are registered at this addressKBO/BCE: BE 1003.112.731
Summary

PROJECT X has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low). A small non-profit association files its annual accounts with the court registry, not with the National Bank.

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PROJECT XActive
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Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“FOOTBALL” (deed in French)
DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
PROJECT X
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Bruxelles-Capitale” (deed in French)

deed of 11-12-2023

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
One provision in the deed

deed of 11-12-2023

Capital, shares and profit

Membership ruleWho can become a member or partner, and on what terms.
“2, 2” (deed in French)
1 more provision on this in the deed

deed of 11-12-2023

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 11-12-2023

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Dissolution ruleWhen and by whom the company can be dissolved.
“Mêmes conditions que modification de l'objet ou du but désintéressé, assemblée générale” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
One provision in the deed

deed of 11-12-2023

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

Other provision: “Cotisations des membres, annuelle” (deed in French)
Other provision: “Présidence du conseil d'administration, conseil d'administration” (deed in French)
Other provision: “Convocation du conseil d'administration, empêchement du président,à défaut de vice-président et secrétaire ou empêchement” (deed in French)
Other provision: “Délibérations du conseil d'administration, moitié au moins des membres présents ou représentés” (deed in French)
Other provision: “Procès-verbaux du conseil d'administration, registre spécial” (deed in French)
Other provision: “Pouvoirs du conseil d'administration, accomplir tous actes nécessaires ou utiles à réalisation objet et but” (deed in French)
Other provision: “Rémunération des administrateurs, fixe ou proportionnelle” (deed in French)
Other provision: “Contrôle de l'association, un ou plusieurs commissaires” (deed in French)
Other provision: “Composition assemblée générale, Membres Effectifs” (deed in French)
Other provision: “Pouvoirs assemblée générale” (deed in French)
Other provision: “Procès-verbaux assemblée générale, tenu au siège” (deed in French)
Other provision: “Financement” (deed in French)
Other provision: “Règlement d'ordre intérieur, assemblée générale” (deed in French)
Liquidation distribution: “Apurement de toutes dettes,charges et frais de liquidation ou consignation des montants nécessaires, but désintéressé” (deed in French)
Other provision: “Communications,sommations,assignations,significations, élection de domicile” (deed in French)
Other provision: “Tribunaux du siège, litige entre association,membres,administrateurs,commissaires et liquidateurs relatifs aux affaires et exécution des…” (deed in French)
Other provision: “Droit commun, réputées inscrites” (deed in French)
6 more provisions in the deed, see the deed of 11-12-2023

deed of 11-12-2023

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