Summary
Youth Zone has been active since 2020 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
- PurposeThe activities the company may carry out under its articles.
- “Artistieke,sociale of culturele projecten te bevorderen of te ontwikkelen rond muziek,spoken word,dans,mode en (audiovisuele)…” (deed in Dutch)
2 activities (deed in Dutch)
- Artistieke,sociale of culturele projecten te bevorderen of te ontwikkelen rond muziek,spoken word,dans,mode en (audiovisuele) kunsten,telkens in correlatie met de jongerencultuur
- In ondergeschikte orde handelsdaden stellen voor zover in overeenstemming met doel inclusief winstgevende activiteiten voor zover winst gebruikt wordt om doel vzw te verwezenlijken
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Youth Zone
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams gewest, bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “18, één jaar” (deed in Dutch)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Leden:minimum,toegetreden leden en register, alle leden op zetel na schriftelijk verzoek met overeengekomen datum en uur” (deed in Dutch)“Geen bijdrage gevraagd aan leden” (deed in Dutch)“Leden:toelating,ontslag en geacht ontslag, lidmaatschap vervalt onmiddellijk en automatisch” (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.
- “Vrijwillige ontbinding, een of twee vereffenaars” (deed in Dutch)