Summary
The computed 12-month bankruptcy probability of Terramer is 2.1% (moderate). The association has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. 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.
- Terramer
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Liège, Wallonne” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d’administration, 3” (deed in French)“4, ans” (deed in French)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “3” (deed in French)“Organe d’administration, comparants au présent acte” (deed in French)“Après l'avoir entendu en ses explications et moyens de défense, majorité simple des voix présentes et représentées” (deed in French)“Le membre contresigne la mention de son admission, siège social” (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.
- “Assemblée générale, article 13 code des sociétés et des associations” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed