FONCIERE DE BAVIERE C
ActiveSummary
FONCIERE DE BAVIERE C has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-159k) and a net result of €-176k. Equity is shrinking by ~82.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability26▼-3
Solvency21▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87; short-term debt: 104.1% and cash: 1.2% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-4.1%
Return on assets
-4.6%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-159k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
37 d early
2022
40 d early
2021
19 d late
2020
53 d early
2019
50 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-176k▼ 22.4%
2023 · €-144k
2021: €-27khighest in 4 years
2022: €-38k▼ -38.4% vs 2021
2023: €-144k▼ -278% vs 2022
2024: €-176k▼ -22.4% vs 2023lowest in 4 years
2021 → 2024
Working capital
€-538k
2023 · €3.46M
2021: €3.41M
2022: €-584k▼ -117% vs 2021lowest in 4 years
2023: €3.46M▲ +692% vs 2022highest in 4 years
2024: €-538k▼ -116% vs 2023
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€198k-€160k▼ 19.2%€16k▼ 89.8%€-159k
2021: €198khighest in 4 years
2022: €160k▼ -19.2% vs 2021
2023: €16k▼ -89.8% vs 2022
2024: €-159k▼ -1073% vs 2023lowest in 4 years
Operating result€-6k-€-6k▼ 3.9%€-8k▼ 25.7%€-9k▼ 15.6%
2021: €-6khighest in 4 years
2022: €-6k▼ -3.9% vs 2021
2023: €-8k▼ -25.7% vs 2022
2024: €-9k▼ -15.6% vs 2023lowest in 4 years
Net result€-27k-€-38k▼ 38.4%€-144k▼ 278%€-176k▼ 22.4%
2021: €-27khighest in 4 years
2022: €-38k▼ -38.4% vs 2021
2023: €-144k▼ -278% vs 2022
2024: €-176k▼ -22.4% vs 2023lowest in 4 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2024 against €8k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.84M
Fixed assets
€379k ▼ 33.2%
Current assets
€3.47M =
Key figures and ratios
Solvency
-4.1%▼
2023 · 0.4%
Current ratio
0.87
Quick ratio
0.01▼
2023 · 6.70
Debt to equity
-25.14
ROA
-4.6%▼
2023 · -3.6%
Debt
€4.00M▼
2023 · €4.02M
Debt ≤ 1 year
€4.00M▲
2023 · €7k
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 · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.03M€3.84M▼
Fixed assets21/28€567k€379k▼
Financial fixed assets28€567k€379k▼
Current assets29/58€3.47M€3.47M=
Stocks and contracts in progress3€3.42M€3.42M=
Stocks30/36€3.42M€3.42M=
Cash at bank and in hand54/58€45k€46k▲
Equity and liabilities
Total equity and liabilities10/49€4.03M€3.84M▼
Equity10/15€16k€-159k▼
Contributions10/11€330k€330k=
Capital10€330k€330k=
Issued capital100€330k€330k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Legal reserve130€1k€1k=
Profit (loss) carried forward14€-315k€-490k▼
Amounts payable17/49€4.02M€4.00M▼
Amounts payable after more than one year17€4.00M-
Financial debts170/4€4.00M-
Amounts payable within one year42/48€7k€4.00M▲
Current portion of amounts payable after more than one year42-€4.00M
Trade debts44€7k€6k▼
Suppliers440/4€7k€6k▼
Accrued charges and deferred income492/3€11k-
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€6k€8k▲
Other operating charges640/8€1k€408▼
Gross operating margin9900€-6k€-8k▼
Operating profit (loss)9901€-8k€-9k▼
Financial income75/76B€55k€42k▼
Recurring financial income75€55k€42k▼
Financial charges65/66B€191k€209k▲
Recurring financial charges65€191k€209k▲
Profit (loss) for the period before taxes9903€-144k€-176k▼
Profit (loss) for the period9904€-144k€-176k▼
Profit (loss) for the period to be appropriated9905€-144k€-176k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-315k€-490k▼
Profit (loss) brought forward from the previous period14P€-171k€-315k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €5k | €5k | €6k | €8k | ▲ 32.0% |
| Other operating charges640/8 | €487 | €818 | €1k | €408 | ▼ 67.4% |
| Gross operating margin9900 | €-5k | €-5k | €-6k | €-8k | ▼ 32.0% |
| Operating profit (loss)9901 | €-6k | €-6k | €-8k | €-9k | ▼ 15.6% |
| Financial income75/76B | €40k | €41k | €55k | €42k | ▼ 23.9% |
| Recurring financial income75 | €40k | €41k | €55k | €42k | ▼ 23.9% |
| Financial charges65/66B | €62k | €73k | €191k | €209k | ▲ 9.3% |
| Recurring financial charges65 | €62k | €73k | €191k | €209k | ▲ 9.3% |
| Profit (loss) for the period before taxes9903 | €-27k | €-38k | €-144k | €-176k | ▼ 22.4% |
| Profit (loss) for the period9904 | €-27k | €-38k | €-144k | €-176k | ▼ 22.4% |
| Profit (loss) for the period to be appropriated9905 | €-27k | €-38k | €-144k | €-176k | ▼ 22.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €4.20M | €4.16M | €4.03M | €3.84M | ▼ 4.7% |
| Fixed assets21/28 | €782k | €744k | €567k | €379k | ▼ 33.2% |
| Financial fixed assets28 | €782k | €744k | €567k | €379k | ▼ 33.2% |
| Current assets29/58 | €3.42M | €3.42M | €3.47M | €3.47M | = |
| Stocks and contracts in progress3 | €3.40M | €3.41M | €3.42M | €3.42M | = |
| Stocks30/36 | €3.40M | €3.41M | €3.42M | €3.42M | = |
| Amounts receivable within one year40/41 | €297 | - | - | - | - |
| Trade receivables40 | €297 | - | - | - | - |
| Cash at bank and in hand54/58 | €17k | €7k | €45k | €46k | ▲ 1.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €4.20M | €4.16M | €4.03M | €3.84M | ▼ 4.7% |
| Equity10/15 | €198k | €160k | €16k | €-159k | ▼ 1,073% |
| Contributions10/11 | €330k | €330k | €330k | €330k | = |
| Capital10 | €330k | €330k | €330k | €330k | = |
| Issued capital100 | €330k | €330k | €330k | €330k | = |
| Reserves13 | €1k | €1k | €1k | €1k | = |
| Non-distributable reserves130/1 | €1k | €1k | €1k | €1k | = |
| Legal reserve130 | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €-133k | €-171k | €-315k | €-490k | ▼ 55.8% |
| Amounts payable17/49 | €4.00M | €4.00M | €4.02M | €4.00M | ▼ 0.3% |
| Amounts payable after more than one year17 | €4.00M | - | €4.00M | - | - |
| Financial debts170/4 | €4.00M | - | €4.00M | - | - |
| Amounts payable within one year42/48 | €4k | €4.00M | €7k | €4.00M | ▲ 58,863% |
| Current portion of amounts payable after more than one year42 | - | €4.00M | - | €4.00M | - |
| Trade debts44 | €4k | €5k | €7k | €6k | ▼ 17.1% |
| Suppliers440/4 | €4k | €5k | €7k | €6k | ▼ 17.1% |
| Accrued charges and deferred income492/3 | - | - | €11k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-27k | €-38k | €-144k | €-176k | ▼ 22.4% |
| Operating cash flow (approximation) | €-27k | €-38k | €-144k | €-176k | ▼ 22.4% |
| Investment in fixed assets (approximation) | - | €39k | €177k | €188k | ▲ 6.3% |
| Change in cash | - | €-10k | €39k | €491 | ▼ 98.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
07-09
State Gazette act
Reappointments: Yves Bacquelaine SA, Smapic SRL and 2 othersResignation: MSQ SRL (class B director) · Appointment: ACH Consulting SRL (class B director) · Power of attorney20 facts ▸
State Gazette act
Reappointments: Yves Bacquelaine SA, Smapic SRL and 2 others
Resignation: MSQ SRL (class B director) · Appointment: ACH Consulting SRL (class B director) · Power of attorney20 facts ▸
- Board meeting, 14-05-2026
- Director reappointment, Yves Bacquelaine SA (managing director)
- Director reappointment, Smapic SRL (managing director)
- Director reappointment, Jean-Louis Amandt (managing director)
- Power of attorney, Anne Dooremont
- Power of attorney, Anouk Chabeau
- General meeting, 05-06-2026
- Director resignation, MSQ SRL (class B director)
- Director appointment, ACH Consulting SRL (class B director)
- Declaration, acceptation du mandat, article 2:7, §5 du CSA
- Director reappointment, Yves Bacquelaine SA (director)
- Director reappointment, Smapic SRL (director)
- +8 further facts in this act
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-176k
Net result drops to €-176k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 597current ratio 510.33
Current ratio from 0.85 to 510.33; short-term debt falls from €4.00M to €7k.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26112543). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
ACH CONSULTING
CurrentClass B director · since 07-09-2026 · Private limited company · perm. rep.: Anouk Chabeau
Jean-Louis Amandt
CurrentManaging director
Michel CLAES
CurrentDirector
Smapic SRL
CurrentDirector · Legal entity · perm. rep.: Aubry Lefebvre
Yves Bacquelaine SA
CurrentManaging director · Legal entity · perm. rep.: Yves Bacquelaine
07-09-2026
ACH CONSULTING: Appointed as Class B director
07-09-2026
MSQ SRL: Resigned as Class B director
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Liège
Ground area
1,422 m²
Building footprint
1,143 m²
Volume, LiDAR
28,674 m³
Parcel 62805B0249/00E000, Wallonia · tallest building 31.7 m, ±8 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62805B0249/00E000 | Wallonia | 1,422 m² | 1 · 1,142 m² | 31.7 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
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
Connections & network
6 connected companiesThis company
Company
Director
Shareholding
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Linked via shared directors
via Michel CLAES · Director
→
via Michel CLAES · Director
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via Michel CLAES · Director
former→
via Michel CLAES · Director
former→
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Identification & contact
Identification
Legal formPublic limited company
Founded08-09-2014
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.