Cooperative company with unlimited liability (SCRI/CVOA)

Description of the cooperative company with unlimited liability (SCRI/CVOA)

A cooperative company with unlimited liability (société coopérative à responsabilité illimitée/coöperatieve vennootschap met onbeperkte aansprakelijkheid) is made up of partners, whose number and contributions may vary.

Capital

There is no minimum amount, but the partners must contribute to the SCRI/CVOA the full amount that they pledged to invest in the articles of association.

Articles of incorporation

The articles of incorporation may also take the form of a notarial deed, although this is not compulsory.

Directors

The directors are freely determined by the articles of association.

Legal and administrative obligations

A copy of the articles of incorporation must be filed at the registry within 15 days of the final articles of incorporation being drawn up. The registrar arranges publication in theBelgian Official GazetteExternal link.

As with all other types of company, the SCRI/COA must enrol on the register of legal entities kept at the commercial court registry. The registry will assign the company an enterprise number.

Once they have enrolled on the register of legal entities, companies wishing to engage in commercial activities must register as traders at the Crossroads Bank for Enterprises (Banque-Carrefour des Entreprises/Kruispuntbank van Ondernemingen) via abusiness counter (one-stop shop for businesses)External link