Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 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 22 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BAVIERE DEVELOPPEMENT from Liège, company number BE0501997269, closed financial year 2025 with a result of € -1.4 million after tax. For that financial year BAVIERE DEVELOPPEMENT recorded revenue of € 10.2 million and equity of € -755,877. Compared with financial year 2024, the result moved from € -997,478 to € -1.4 million. 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 June 23, 2026.
€ -755,877
▼ € 1.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.4 million
▼ 37 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2.8 million
▲ € 2.4 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.8 million.
Debts at end 2025
€ 11 million
▼ 40% vs 2024
Loans from banks and other lenders, long and short.
€ 1.9 million
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 245,232
▲ 210% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,263,350 | € 10,723,744 | € 6,051,628 | € 10,164,137 | ▲ 68% |
| Gross margin | € 1,184,459 | € 1,403,822 | € 553,899 | € -125,564 | ▼ € 679,462 |
| Profit after taxes | € 332,992 | € 95,877 | € -997,478 | € -1,365,804 | ▼ € 368,325 |
| Equity | € 1,511,527 | € 1,607,404 | € 609,926 | € -755,877 | ▼ € 1.4 million |
| Total debts | € 23,286,326 | € 23,804,381 | € 20,608,447 | € 21,989,293 | ▲ 7% |
| Cash | € 1,575,908 | € 630,301 | € 372,621 | € 2,801,313 | ▲ € 2.4 million |
| Retained profit | € -1,488,473 | € -1,392,596 | € -2,390,074 | € -3,755,877 | ▼ € 1.4 million |
| Bank debt | € 18,501,466 | € 19,186,282 | € 18,373,494 | € 11,022,494 | ▼ 40% |
| Balance sheet total | € 24,797,853 | € 25,411,785 | € 21,218,373 | € 21,233,415 |
Key figures of BAVIERE DEVELOPPEMENT, 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 BAVIERE DEVELOPPEMENT?
What happened at BAVIERE DEVELOPPEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- YVES BACQUELAINE SRL stepped down as director. NBB
- Philippe SALLE stepped down as director. NBB
- Edouard HERINCKX stepped down as director. NBB
- Guillaume STRUMAN stepped down as director. NBB
- Jacques LEFEVRE stepped down as director. NBB
- J. POLUS SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.4 million. Source: NBB ↗
- YVES BACQUELAINE SRL became a director. NBB
In short
From € 332,992 profit in 2022 to € 1.4 million loss in 2025.
Best year ever: 2022, with € 332,992 profit.
A new publication or filing at BAVIERE DEVELOPPEMENT? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of UrBa Liège, Thomas & Piron Bâtiment comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BAVIERE DEVELOPPEMENTThe shares are held by URBA LIEGE (40%), BPI REAL ESTATE BELGIUM (30%), THOMAS & PIRON (30%), UrBa Liège (40%) and Thomas & Piron Bâtiment (30%).
Directors
According to the 2025 annual accounts
Managing director · represented by Yves BACQUELAINE
Also active at: FONCIERE DE BAVIERE C, FONCIERE DE BAVIERE A, FONCIERE DE BAVIERE
since 2025 · until 2031
since 2025 · until 2031
Edouard HERINCKX
Managing director
Also active at: THOMAS ET PIRON HOME, SOMIBA, THOMAS & PIRON HOLDING, B.T.A. CONSTRUCT, Coeur de Ville, FONCIERE INVEST, Bureau Cauchy C, B32 Renaissance +5 more
since 2025 · until 2031
Guillaume STRUMAN
Director
Also active at: WATERSIDE, IMMO HAECHT 1442, Foncière Bonne Fortune, RN LIEGE, NAMUR BOVESSE, NIVELLES PROPERTY SA, MONUMENT ZAVENTEM BUILDING, RÉSIDENCE GRAND POSTE +6 more
since 2025 · until 2031
Jacques LEFEVRE
Managing director
Also active at: BPI SAMAYA, WOOD SHAPERS, KeyWest Development, ARLON 53, MG IMMO, LA RESERVE PROMOTIONS, BATAVES 1521
since 2025 · until 2031
Director · represented by Joël POLUS
Also active at: Triomphe 174, Coeur de Ville, UNIVERSALIS PARK 3, UNIVERSALIS PARK 3 C, UNIVERSALIS PARK 2, UNIVERSALIS PARK 3 AB, "Foncière de la Nielle Sud" "Vastgoed Nielle Zuid", Plateau d’Erpent +9 more
since 2025 · until 2031
Shareholders
40%
30%
40%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Sainte-Marie 5 box 4
4000 Liège
Boulevard d'Avroy 134 box 1/5
4000 Liège
Active since 14 December 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →Le Travailleur chez Lui
€ 12.4 million revenue · 2025
OGEO FUND same network
Service Social des Sociétés de Crédit
ASSM ARCHI BAVIERE
Foncière Bonne Fortune same network
€ 2,177 revenue · 2025
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0501.997.269
- VAT number
- BE 0501.997.269
- Registered office
- Rue Sainte-Marie 5 bus 4, 4000 Liège
- Names & denominations
- BAVIERE DEVELOPPEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 2012
- Peppol
- Active · Active since 2 May 2025
- Activities · NACE
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