Swave Foundation
Active Risk: not assessedSummary
Swave Foundation is less than twelve months old; there is no public track record yet to compute a bankruptcy probability from. The company has been active since 2026 and the Belgian Official Gazette contains no insolvency or warning signals. A small private foundation 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.
- Swave Foundation
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams gewest, De Enige Bestuurder is bevoegd de zetel van de Stichting binnen België te verplaatsen voor zover die verplaatsing…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Enige Bestuurder, 1” (deed in Dutch)3 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 January to 31 December
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Hernieuwbare termijn, enkel om wettige redenen door de Enige Bestuurder” (deed in Dutch)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Bevoegde rechtbank van het arrondissement waar de Stichting haar zetel heeft, artikel 2:114 WVV” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “De Stichting blijft na haar ontbinding voortbestaan voor zover dit tot vereffening van haar vermogen nodig is, Enige overblijvende activa na…” (deed in Dutch)
- Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.
- “De natuurlijke of rechtspersoon die hiertoe wordt aangeduid door de vereffenaars, gedurende de bij de wet voorgeschreven termijn” (deed in Dutch)