Summary
The computed 12-month bankruptcy probability of USUS is 2.1% (moderate). The association has been active since 2022 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
- PurposeThe activities the company may carry out under its articles.
- “Supporter administrativement les groupes qui travaillent à la réplication en Belgique du Mietshäuser Syndikat” (deed in French)
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- USUS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Wallonie, 2” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Art. 43. L'association est valablement représentée dans tous les actes ou en justice par deux administrateurs agissant conjointement qui, en…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration-pouvoirs, pouvoirs les plus étendus pour administration et gestion,y compris aliéner,hypothéquer et soumettre litige…” (deed in French)3 more provisions on this in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Illimité, 6” (deed in French)“7, constituants soussignés et personnes intéressées par l'objet respectant les buts admises par l'Assemblée générale” (deed in French)“8, sans appel et non motivée” (deed in French)“Plénitude des droits y compris voter, 9” (deed in French)“11, par l'assemblée générale aux règles de majorité et quorum des modifications statutaires” (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
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed