Summary
TEAM VERTIGO has been active since 2017 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
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Team Vertigo
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, Belgique” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 15. Pouvoirs de l’organe d’administration §1er. L’organe d’administration a le pouvoir d’accomplir tous les actes nécessaires ou…”
- Board ruleHow the board is made up, meets and takes decisions.
- “4 ans, 9” (deed in French)“Sauf décision contraire de l'assemblée générale, gratuit” (deed in French)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Pas de minimum, 3” (deed in French)“Organe d'administration décide souverainement sans devoir justifier,refus d'agrément sans recours, tenu au siège,reprend nom,prénom,domicile…” (deed in French)“Exclu ou suspendu aucun droit aux avoirs,pas remboursement apport et cotisations;ne peut réclamer relevé,reddition de comptes,apposition de…” (deed in French)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
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Obligations rapport applicables respectées, tout temps par assemblée générale mêmes conditions modification objet ou but désintéressé” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Faculté assemblée générale désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, quelque cause et moment” (deed in French)