Summary
The Bracket Percussion has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (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.
- The Bracket Percussion
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, Kasterveldenstraat 48,2170 Merksem” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Meerderheid stemmen, 3” (deed in Dutch)“Niet strijdig met bindende wet of statuten, alle aangelegenheden behalve wet-voorbehouden algemene vergadering” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Uitsluitend leden met stemrecht op algemene vergadering, leden en toegetreden leden” (deed in Dutch)“Schriftelijk bij raad van bestuur, natuurlijke persoon of rechtspersoon aanvaard door algemene vergadering op voorstel raad van bestuur” (deed in Dutch)“Geen bijdrage verplicht” (deed in Dutch)“Alleen door algemene vergadering met meerderheid twee derden stemmen, elk lid of toegetreden lid anytime mits schriftelijke mededeling aan…” (deed in Dutch)“Ontslagnemende of toegetreden leden en rechtsopvolgers hebben geen deel in vermogen” (deed in Dutch)
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
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Activa na aanzuivering schulden aan vereniging met gelijkaardig doel, algemene vergadering die ontbinding besluit” (deed in Dutch)