Summary
XIU has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 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
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Xiu.contact2@gmail.com, Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Onverminderd de algemene vertegenwoordigingsbevoegdheid van het bestuursorgaan als college, is de vereniging in en buiten rechte…”
- Board powersWhat the board may decide; in principle everything not reserved to the general meeting.
- “College, bestuursorgaan” (deed in Dutch)
Meetings and financial year
- Proxy ruleWhether a shareholder may be represented at the meeting by someone else.
- “Schriftelijke volmacht, bestuursorgaan” (deed in Dutch)
- Quorum ruleHow many shareholders or shares must be present for the meeting to decide validly.
- “Bestuursorgaan, minstens de helft van de bestuurders aanwezig of vertegenwoordigd” (deed in Dutch)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- One provision in the deed
- Written decisionsDecisions without a meeting, when everyone involved agrees in writing.
- “Bestuursorgaan, eenparig schriftelijk besluit van alle bestuurders” (deed in Dutch)