Summary
Verenigde Traktor Vrienden has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is below 0.1% (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
- Name clauseThe name the company operates under according to its articles.
- Verenigde Tractor Vrienden
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan bevoegd tot verplaatsing binnen België zonder statutenwijziging tenzij naar ander Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Alle aangelegenheden die nodig of dienstig zijn tot verwezenlijking van het doel van de vereniging behalve die welke door de wet en de…” (deed in Dutch)7 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.
- “2” (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
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Artikel 19: Organisatie en bijeenroeping leder jaar wordt een gewone algemene vergadering gehouden in de loop van het laatste trimester van…” (deed in Dutch)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Ten minste 2/3 van de effectieve leden op de algemene vergadering aanwezig of vertegenwoordigd, meerderheid van 4/5 van de stemmen van de…” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Aangewezen als vereffenaars krachtens deze statuten indien geen andere vereffenaar zou zijn benoemd, de bestuurders in functie” (deed in Dutch)
- Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.
- “Zetel van de vereniging, ledenregister” (deed in Dutch)