Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Baulou from Couvin, company number BE0444518138, closed financial year 2025 with a result of € -176,440 after tax. For that financial year Baulou recorded a gross margin of € -57,135 and equity of € -746,855. Compared with financial year 2024, the result moved from € -170,277 to € -176,440. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ -746,855
▼ € 176,440 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -176,440
▼ 4 % more loss than in 2024
Profit after tax over the fiscal year.
€ 25,100
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
People and assets in 2025
€ 27,905
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 50,753
▲ 176% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -27,459 | € -12,620 | € -6,844 | € -57,135 | ▼ € 50,291 |
| Profit after taxes | € -149,563 | € -160,669 | € -170,277 | € -176,440 | ▼ € 6,163 |
| Equity | € -239,469 | € -400,138 | € -570,415 | € -746,855 | ▼ € 176,440 |
| Total debts | € 3,286,845 | € 3,407,952 | € 3,439,659 | € 3,531,149 | ▲ 3% |
| Cash | € 86,349 | € 147,361 | € 30,059 | € 25,100 | ▼ 16% |
| Land & buildings | € 2,824,578 | € 2,784,306 | € 2,777,595 | € 2,688,285 | ▼ 3% |
| Retained profit | € -859,181 | € -1,019,850 | € -1,190,127 | € -1,366,567 | ▼ € 176,440 |
| Balance sheet total | € 3,047,376 | € 3,007,814 | € 2,869,244 | € 2,784,295 | ▼ 3% |
| Employees (FTE) | 0.3 | - | - | - |
Key figures of Baulou, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Baulou?
What happened at Baulou in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 176,440. Source: NBB ↗
- Alexandre TOURNEUR stepped down as director. NBB
- Alexandre TOURNEUR became a director. NBB
- Alexis NOLET DE BRAUWERE VAN STEELAND became a director. NBB
- Marc Emmanuel NOLET DE BRAUWERE VAN STEELAND became a director. NBB
- Charles NOLET DE BRAUWERE VAN STEELAND became a director. NBB
- Gregory NOLET DE BRAUWERE VAN STEELAND became a director. NBB
- New establishment in Couvin. KBO
In short
From € 149,563 loss in 2022 to € 176,440 loss in 2025.
Paid € 134 in corporate taxes since 2022.
Management
Behind Baulou are Alexis NOLET DE BRAUWERE VAN STEELAND, Marc Emmanuel NOLET DE BRAUWERE VAN STEELAND, Charles NOLET DE BRAUWERE VAN STEELAND and Gregory NOLET DE BRAUWERE VAN STEELAND. The shares are held by CHAGRAL INVEST SRL (100%).
Directors
According to the 2025 annual accounts
since 2018
Marc Emmanuel NOLET DE BRAUWERE VAN STEELAND
Director
since 2018
since 2018
Gregory NOLET DE BRAUWERE VAN STEELAND
Director
since 2018
Alexandre TOURNEUR
Director
since 2025 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chemin des Soldats, C.-des-S. 60
5660 Couvin
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0444.518.138
- VAT number
- BE 0444.518.138
- Registered office
- Chemin des Soldats, C.-des-S. 60, 5660 Couvin
- Names & denominations
- Baulou
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 June 1991
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
Gites, vakantiewoningen en -appartementen
Ondersteunende diensten in verband met de bosbouw
Diensten verwant aan de bosbouw en de bosexploitatie
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van terreinen