Summary
Rowans has been active since 1997 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.
- Rowans
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, maatschappelijke zetel binnen België binnen hetzelfde taalgebied verplaatsen” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Art. 21. Externe vertegenwoordigingsmacht van het Bestuur Bij gerechtelijke handelingen wordt de vereniging vertegenwoordigd door een door…”
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Oprichters zijn de eerste leden en de leden op ledenlijst werkjaar 2022-2023, 3” (deed in Dutch)“Bestuursorgaan, vrij” (deed in Dutch)“Bestuursorgaan, euro” (deed in Dutch)“Onmiddellijk, Bestuur” (deed in Dutch)“Op Algemene Vergadering, advocaat” (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 September to 31 August
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Procedures vzw in ontbinding of vereffening, artikelen 2:109 tot 2:149 WWV” (deed in Dutch)