Archives: Faq

As a member-owner (*), you can submit an exit request or a request for the company to partially repurchase your shares. By law, such a request needs to be submitted during the first six months of the fiscal year (which equals a calendar year) for an exit to be able to take place during that same fiscal year. In practice, this means that exit requests need to be submitted between 1 January and 30 June. To submit an exit request to the Board of Directors, send it to Eoly Cooperative’s registered office (Edingensesteenweg 196, 1500 Halle, Belgium) by registered mail.(*) According to the law ‘Tot wijziging van verscheidene wetsbepalingen inzake de voogdij over Minderjarigen’ (‘Amendment of Several Legal Provisions Pertaining to the Guardianship of Minors’) of 29 April 2001, parents wishing to sell moveable assets owned by their child must first obtain authorisation from the Justice of the Peace. Shares in the cooperative officially owned by a minor are considered moveable assets and are therefore covered by this law. If shares are in the name of a minor, the minor can only exit the cooperative once the Justice of the Peace has authorised this. Authorisation can be requested by submitting a petition to the registry of the Justice of the Peace of the judicial canton the minor resides in. A registration fee of €27 must be paid upon submission of a petition. The Justice of the Peace will grant authorisation if they are of the opinion that the request is in the best interests of the minor. As a result, any parent(s) submitting a request for authorisation need(s) to cite the reason(s) why they wish to sell the minor’s moveable assets. The request also needs to demonstrate that the sale would be in the minor’s best interests. 

Yes, you can. Click here to download information on how to transfer your shares. In the event of a member-owner’s death, the heir(s) can choose to either adopt the shares themselves or to have the value of the shares reimbursed. 

DATS24 is responsible for electricity provision. You can read more about DATS24 here. 

Regardless of the number of shares they own, every member-owner has the right to vote at the annual General Assembly. This includes the right to appoint the cooperative’s directors and vote on how its profits should be used. 

Yes, you can. As long as you do not yet own the regulated maximum of 20 shares per member-owner, you are welcome to invest in one or more projects. 

The member-owners approve the past year’s financial results at the annual General Assembly. They then also vote on whether or not to pay out any dividend, as well as its exact amount. Before any dividend can be paid out, a percentage of the profits must be allocated to the legal reserve. 

Eoly Cooperative does not guarantee a minimum return. In line with current legislation, the annual dividend may not exceed 6% per share. 

Yes, they can. Each family member (including young children) can own up to 20 shares. 

Each member-owner can buy up to a maximum of 20 shares. 

The nominal value of a share is €250. Each year, the share premium is also determined. This is done based on Eoly Cooperative’s level of equity. The exact value of the share premium is published whenever a capital increase is organised. When you purchase shares in the cooperation, you pay the nominal value of each share plus the share premium. This ensures that the entry fee is proportion to the cooperative’s current value. If you decide to sell you shares at a later date, you do so at the actual share price at that time.