Summary
Zone libre has been active since 1993 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
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ZONE LIBRE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Décès,démission ou révocation, parmi les membres effectifs” (deed in French)“Indéterminée, administrateur nommé pour y pourvoir achève mandat remplacé” (deed in French)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Moyennant motivation,sans recours, TITRE 2- Membres” (deed in French)“Art.6- Démission et exclusion, conseil peut suspendre jusqu'à décision AG les membres effectifs coupables d'infraction grave aux statuts ou…” (deed in French)
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.
- Last Sunday of June
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed