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 2 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 %.
Financials
Financial year 2025
BAO DEVELOPPEMENT from Courcelles, company number BE0747519612, closed financial year 2025 with a result of € -52,268 after tax. For that financial year BAO DEVELOPPEMENT recorded a gross margin of € 6,717 and equity of € -106,310. Compared with financial year 2024, the result moved from € -160,692 to € -52,268. 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 23, 2026.
€ -106,310
▼ € 52,268 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -52,268
▲ 67 % less loss than in 2024
Profit after tax over the fiscal year.
€ 626
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1 million.
People and assets in 2025
€ 1,204
▼ 94% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 18,118
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,656
▼ 57% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 98,155 | € 109,874 | € 24,181 | € 6,717 | ▼ 72% |
| Profit after taxes | € -302,962 | € -179,789 | € -160,692 | € -52,268 | ▲ € 108,424 |
| Equity | € 286,439 | € 106,651 | € -54,042 | € -106,310 | ▼ € 52,268 |
| Total debts | € 99,702 | € 78,283 | € 107,192 | € 103,655 | ▼ 3% |
| Cash | € 128,018 | € 28,689 | € 610 | € 626 | ▲ 3% |
| Retained profit | € -623,661 | € -803,449 | € -964,142 | € -1,016,410 | ▼ € 52,268 |
| Balance sheet total | € 427,213 | € 226,502 | € 86,301 | € 30,495 | ▼ 65% |
Key figures of BAO 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 BAO DEVELOPPEMENT?
What happened at BAO DEVELOPPEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 52,268. Source: NBB ↗
- Hashtag Management stepped down as director. NBB
- Jebeso Invest stepped down as director. NBB
- New establishment in Charleroi. KBO
- Hashtag Management became a director. NBB
- Jebeso Invest became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 302,962 loss in 2022 to € 52,268 loss in 2025.
Management
The stake of JEBESO INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BAO DEVELOPPEMENTThe shares are held by JEBESO INVEST (8%).
Directors
According to the 2025 annual accounts
since 2020 · until 2026
since 2020 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Trazegnies(CO) 218
6180 Courcelles
Avenue Jean Mermoz 1 box 4
6041 Charleroi
Active since 20 May 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0747.519.612
- VAT number
- BE 0747.519.612
- Registered office
- Rue de Trazegnies(CO) 218, 6180 Courcelles
- Names & denominations
- BAO DEVELOPPEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 May 2020
- Peppol
- Active · Active since 16 Apr 2026
- Activities · NACE
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