BAO HOUSE
ActiveSummary
The annual accounts of BAO HOUSE for fiscal year 2025 show a net loss of 58% of total assets. The 2025 annual accounts show equity of €154k and a net result of €-409k. Equity is shrinking by ~45.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 41% of 9194 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-54
Solvency47▲+47
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.1 against 0.77 in 2024; short-term debt: 41.2% and cash: 23% of total assets), and 78.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.7%
Return on assets
-57.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-01-2026, 10 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
10 d early
2024
10 d early
2023
19 d early
2022
29 d early
2021
14 d late
2020
33 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€154k
2024 · €-332k
2019: €257k
2020: €258k
2021: €68k
2022: €-159k
2023: €-372k
2024: €-332k
2019 → 2025
Total assets
€709k▼ 14.3%
2024 · €828k
2019: €409k
2020: €487k
2021: €948k
2022: €801k
2023: €671k
2024: €828k
2019 → 2025
Net result
€-409k
2024 · €40k
2019: €-159k
2020: €874
2021: €-190k
2022: €-227k
2023: €-213k
2024: €40k
2019 → 2025
Working capital
€28k
2024 · €-130k
2019: €-133k
2020: €-160k
2021: €98k
2022: €29k
2023: €-184k
2024: €-130k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€68k-€-159k€-372k▼ 134%€-332k▲ 10.7%€154k
Operating result€-168k-€-188k▼ 11.7%€-180k▲ 4.5%€85k€-379k
Net result€-190k-€-227k▼ 19.3%€-213k▲ 6.1%€40k€-409k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €379k after €85k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €709k
Fixed assets
€389k ▼ 2.5%
Current assets
€320k ▼ 25.3%
Equity and liabilities €709k
Equity
€154k
Debt
€555k
Debt finances 78.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€-301k▼
2024 · €156k
Cash flow
€-331k▼
2024 · €110k
Current ratio
1.10▲
2024 · 0.77
Quick ratio
1.09▲
2024 · 0.77
Debt to equity
3.60▲
2024 · -3.49
ROE
-265.3%
ROA
-57.7%▼
2024 · 4.8%
Interest coverage
-9.73▼
2024 · 3.46
Debt ≤ 1 year
€292k▼
2024 · €558k
Debt > 1 year
€146k▼
2024 · €500k
Staff costs
€69k▼
2024 · €103k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€828k€709k▼
Fixed assets21/28€399k€389k▼
Intangible fixed assets21€334k€334k▼
Tangible fixed assets22/27€57k€47k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€2k€611▼
Other tangible fixed assets26€52k€45k▼
Financial fixed assets28€8k€8k=
Current assets29/58€429k€320k▼
Stocks and contracts in progress3-€2k
Stocks30/36-€2k
Amounts receivable within one year40/41€397k€152k▼
Trade receivables40€385k€125k▼
Other amounts receivable41€12k€27k▲
Cash at bank and in hand54/58€29k€163k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€828k€709k▼
Equity10/15€-332k€154k▲
Contributions10/11€425k€1.32M▲
Capital10€319k€433k▲
Issued capital100€319k€433k▲
Outside capital11€106k€887k▲
Share premium1100/10€106k€887k▲
Profit (loss) carried forward14€-757k€-1.17M▼
Amounts payable17/49€1.16M€555k▼
Amounts payable after more than one year17€500k€146k▼
Financial debts170/4€500k€146k▼
Amounts payable within one year42/48€558k€292k▼
Current portion of amounts payable after more than one year42-€223k
Trade debts44€388k€50k▼
Suppliers440/4€388k€50k▼
Advances received on contracts in progress46€57k-
Taxes, remuneration and social security45€22k€19k▼
Taxes450/3€2k€2k▲
Remuneration and social security454/9€21k€17k▼
Other amounts payable47/48€91k€262▼
Accrued charges and deferred income492/3€101k€117k▲
Income statement
Code20242025
Remuneration, social security and pensions62€103k€69k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€78k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€262k€-230k▼
Operating profit (loss)9901€85k€-379k▼
Financial income75/76B€197€182▼
Recurring financial income75€197€182▼
Financial charges65/66B€45k€31k▼
Recurring financial charges65€45k€31k▼
Profit (loss) for the period before taxes9903€40k€-409k▼
Income taxes67/77€535-
Profit (loss) for the period9904€40k€-409k▼
Profit (loss) for the period to be appropriated9905€40k€-409k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-757k€-1.17M▼
Profit (loss) brought forward from the previous period14P€-797k€-757k▲
Social balance
Average headcount (FTE)90872.21.9▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Capital · Statutes amendment6 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Capital increase · Capital · Statutes amendment6 facts ▸
- General meeting, 31-08-2026
- Capital increase, €149.851,46
- Capital, €689.871,46
- Statutes amendment
- Power of attorney
- Waiver of preemptive rights, Afstand van het voorkeurrecht
21-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €-409k ▼1126%
Net result drops to €-409k, the lowest in the series.
30-06
Financial
Equity above €150kEq €154k
Equity rises from €-332k to €154k.
21-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Back to profitnet €40k
Net result €40k after 3 loss-making years.
12-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 14 days late
2021
30-06
Financial
Liquidity quadruplescurrent ratio 1.27
Current ratio from 0.30 to 1.27.
05-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 33 days late
2020
30-06
Financial
Back to profitnet €874
Net result €874 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Luchthavenlei 7B2100 AntwerpenGround area
1.5 ha
Building footprint
6,646 m²
Volume, LiDAR
41,310 m³
Parcel 11346B0784/00G002, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BAO HOUSE
since 20202.318.606.341
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0784/00G002 | Flanders | 1.5 ha | 1 · 6,646 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Capital and shareholders
Capital over the years
- 11-09-2026 Capital increase of 149,851.46 EUR · to 689,871.46 EUR · 3,047 new shares · in cash
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 14,022 EUR awarded · 11,841 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 7,558 EUR | 10,702 EUR |
| 2024 | 1 | 6,150 EUR | 825 EUR |
| 2022 | 1 | 314 EUR | 314 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies voor internationaal ondernemen
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Of 1,292 companies in sector 68122 we hold annual accounts for 901. 570 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-01-2017
Fiscal year end30-06
Activities, NACEBEL 2025
68122Development of non-residential building projects
71121Engineering and related technical consultancy, excluding land surveyors
18130Pre-press and pre-media services
68121Development of residential building projects
62100Computer programming
74140Other specialised design activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.