FONCIERE DE BAVIERE A
ActiveSummary
FONCIERE DE BAVIERE A has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €195k and a net result of €-46k. Equity is shrinking by ~12.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability31▼-1
Solvency36▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity short (current ratio 0.89; short-term debt: 89.3% and cash: 15.3% of total assets), and 89.3% of the assets are financed with debt.
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
10.7%
Return on assets
-2.6%
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
21222324
2021 to 2024 · latest year €-46k
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
€-46k▼ 29.4%
2023 · €-36k
2021: €-3khighest in 4 years
2022: €-6k▼ -106% vs 2021
2023: €-36k▼ -487% vs 2022
2024: €-46k▼ -29.4% vs 2023lowest in 4 years
2021 → 2024
Working capital
€-175k
2023 · €1.19M
2021: €1.17M
2022: €-191k▼ -116% vs 2021lowest in 4 years
2023: €1.19M▲ +725% vs 2022highest in 4 years
2024: €-175k▼ -115% vs 2023
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€283k-€277k▼ 2.2%€241k▼ 12.9%€195k▼ 19.2%
2021: €283khighest in 4 years
2022: €277k▼ -2.2% vs 2021
2023: €241k▼ -12.9% vs 2022
2024: €195k▼ -19.2% vs 2023lowest in 4 years
Operating result€-6k-€-6k▼ 5.3%€-7k▼ 23.6%€-9k▼ 22.6%
2021: €-6khighest in 4 years
2022: €-6k▼ -5.3% vs 2021
2023: €-7k▼ -23.6% vs 2022
2024: €-9k▼ -22.6% vs 2023lowest in 4 years
Net result€-3k-€-6k▼ 106%€-36k▼ 487%€-46k▼ 29.4%
2021: €-3khighest in 4 years
2022: €-6k▼ -106% vs 2021
2023: €-36k▼ -487% vs 2022
2024: €-46k▼ -29.4% vs 2023lowest in 4 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2024 against €7k 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 €1.81M
Fixed assets
€370k ▼ 11.0%
Current assets
€1.44M ▲ 20.4%
Equity and liabilities €1.81M
Equity
€195k ▼ 19.2%
Debt
€1.62M ▲ 17.9%
Debt's share of the balance-sheet total rises from 85.1% to 89.3%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.89
Quick ratio
0.17▼
2023 · 4.98
Debt to equity
8.31▲
2023 · 5.69
ROE
-23.8%▼
2023 · -14.9%
ROA
-2.6%▼
2023 · -2.2%
Debt ≤ 1 year
€1.62M▲
2023 · €6k
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 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.61M€1.81M▲
Fixed assets21/28€415k€370k▼
Financial fixed assets28€415k€370k▼
Current assets29/58€1.20M€1.44M▲
Stocks and contracts in progress3€1.17M€1.17M=
Stocks30/36€1.17M€1.17M=
Cash at bank and in hand54/58€32k€277k▲
Equity and liabilities
Total equity and liabilities10/49€1.61M€1.81M▲
Equity10/15€241k€195k▼
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€-90k€-136k▼
Amounts payable17/49€1.37M€1.62M▲
Amounts payable after more than one year17€1.36M-
Financial debts170/4€1.36M-
Amounts payable within one year42/48€6k€1.62M▲
Current portion of amounts payable after more than one year42-€1.36M
Trade debts44€6k€6k▼
Suppliers440/4€6k€6k▼
Advances received on contracts in progress46-€250k
Accrued charges and deferred income492/3€4k-
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€6k€8k▲
Other operating charges640/8€1k€561▼
Gross operating margin9900€-6k€-8k▼
Operating profit (loss)9901€-7k€-9k▼
Financial income75/76B€37k€35k▼
Recurring financial income75€37k€35k▼
Financial charges65/66B€66k€72k▲
Recurring financial charges65€66k€72k▲
Profit (loss) for the period before taxes9903€-36k€-46k▼
Profit (loss) for the period9904€-36k€-46k▼
Profit (loss) for the period to be appropriated9905€-36k€-46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-90k€-136k▼
Profit (loss) brought forward from the previous period14P€-54k€-90k▼
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 | ▲ 36.1% |
| Other operating charges640/8 | €350 | €656 | €1k | €561 | ▼ 50.9% |
| Gross operating margin9900 | €-5k | €-5k | €-6k | €-8k | ▼ 36.1% |
| Operating profit (loss)9901 | €-6k | €-6k | €-7k | €-9k | ▼ 22.6% |
| Financial income75/76B | €24k | €25k | €37k | €35k | ▼ 6.8% |
| Recurring financial income75 | €24k | €25k | €37k | €35k | ▼ 6.8% |
| Financial charges65/66B | €21k | €25k | €66k | €72k | ▲ 9.7% |
| Recurring financial charges65 | €21k | €25k | €66k | €72k | ▲ 9.7% |
| Profit (loss) for the period before taxes9903 | €-3k | €-6k | €-36k | €-46k | ▼ 29.4% |
| Profit (loss) for the period9904 | €-3k | €-6k | €-36k | €-46k | ▼ 29.4% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-6k | €-36k | €-46k | ▼ 29.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.65M | €1.65M | €1.61M | €1.81M | ▲ 12.3% |
| Fixed assets21/28 | €473k | €468k | €415k | €370k | ▼ 11.0% |
| Financial fixed assets28 | €473k | €468k | €415k | €370k | ▼ 11.0% |
| Current assets29/58 | €1.18M | €1.18M | €1.20M | €1.44M | ▲ 20.4% |
| Stocks and contracts in progress3 | €1.16M | €1.16M | €1.17M | €1.17M | = |
| Stocks30/36 | €1.16M | €1.16M | €1.17M | €1.17M | = |
| Amounts receivable within one year40/41 | €336 | - | - | - | - |
| Trade receivables40 | €336 | - | - | - | - |
| Cash at bank and in hand54/58 | €16k | €12k | €32k | €277k | ▲ 759% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.65M | €1.65M | €1.61M | €1.81M | ▲ 12.3% |
| Equity10/15 | €283k | €277k | €241k | €195k | ▼ 19.2% |
| 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 | €-48k | €-54k | €-90k | €-136k | ▼ 51.7% |
| Amounts payable17/49 | €1.37M | €1.37M | €1.37M | €1.62M | ▲ 17.9% |
| Amounts payable after more than one year17 | €1.36M | - | €1.36M | - | - |
| Financial debts170/4 | €1.36M | - | €1.36M | - | - |
| Amounts payable within one year42/48 | €4k | €1.37M | €6k | €1.62M | ▲ 24,890% |
| Current portion of amounts payable after more than one year42 | - | €1.36M | - | €1.36M | - |
| Trade debts44 | €4k | €5k | €6k | €6k | ▼ 11.7% |
| Suppliers440/4 | €4k | €5k | €6k | €6k | ▼ 11.7% |
| Advances received on contracts in progress46 | - | - | - | €250k | - |
| Accrued charges and deferred income492/3 | - | - | €4k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-6k | €-36k | €-46k | ▼ 29.4% |
| Operating cash flow (approximation) | €-3k | €-6k | €-36k | €-46k | ▼ 29.4% |
| Investment in fixed assets (approximation) | - | €5k | €53k | €45k | ▼ 14.2% |
| Change in cash | - | €-4k | €20k | €245k | ▲ 1,107% |
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
01-09
State Gazette act
Resignation: MSQ SRL (class B director)Appointment: ACH Consulting SRL (class B director) · Reappointments: Yves Bacquelaine SA, Smapic SRL and 2 others · Mandate compensation15 facts ▸
State Gazette act
Resignation: MSQ SRL (class B director)
Appointment: ACH Consulting SRL (class B director) · Reappointments: Yves Bacquelaine SA, Smapic SRL and 2 others · Mandate compensation15 facts ▸
- Board meeting, 14-05-2026
- General meeting, 05-06-2026
- Director resignation, MSQ SRL (class B director)
- Director appointment, ACH Consulting SRL (class B director)
- Mandate compensation, ACH Consulting SRL
- Director reappointment, Yves Bacquelaine SA (administrateur délégué de catégorie c)
- Director reappointment, Smapic SRL (administrateur délégué de catégorie a)
- Director reappointment, Jean-Louis Amandt (administrateur délégué de catégorie b)
- Director reappointment, Michel Claes (class A director)
- Board composition, Aubry Lefebvre (administrateur délégué de catégorie a)
- Board composition, Jean-Louis Amandt (administrateur délégué de catégorie b)
- Board composition, Yves Bacquelaine (administrateur délégué de catégorie c)
- +3 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 €-46k
Net result drops to €-46k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 215current ratio 185.15
Current ratio from 0.86 to 185.15; short-term debt falls from €1.37M to €6k.
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 (26110585). 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 05-06-2026 · Private limited company
Jean-Louis Amandt
CurrentAdministrateur délégué de catégorie b · since 05-06-2026
Michel CLAES
CurrentClass A director · since 05-06-2026
Smapic SRL
CurrentAdministrateur délégué de catégorie a · since 05-06-2026 · Legal entity
Yves Bacquelaine SA
CurrentAdministrateur délégué de catégorie c · since 05-06-2026 · Legal entity
05-06-2026
ACH CONSULTING: Appointed as Class B director
05-06-2026
Jean-Louis Amandt: Mandate renewed as Administrateur délégué de catégorie b
05-06-2026
Michel CLAES: Mandate renewed as Class A director
05-06-2026
Smapic SRL: Mandate renewed as Administrateur délégué de catégorie a
05-06-2026
Yves Bacquelaine SA: Mandate renewed as Administrateur délégué de catégorie c
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
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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.