ACTIVE

AREL

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Financial year 2025 · closed on 31/12/2025

Net result

426,4 k €

-48.0% YoY

Gross margin

1,2 M €

-27.0% YoY

Equity

2,4 M €

+21.5% YoY

Workforce

6,2 ETP

0.0% YoY

What does AREL do?

AREL is a Private limited company incorporated in 1991. Its registered office is in Balen. It employs on average 6,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.978.977

Incorporation

16/12/1991

Legal form

Private limited company

Registered office

KMO-straat 5
2490 Balen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

6,2 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,2 M €	-27.0%	1,7 M €	-19.7%	2,1 M €	-3.0%	2,2 M €	+32.8%	1,6 M €	+15.1%	1,4 M €	+40.3%	1 M €	-5.5%	1,1 M €	+65.1%	650,6 k €	+36.5%	476,8 k €	-3.5%	494,3 k €	+44.6%	341,7 k €	+41.8%	241 k €	+3.9%	232,1 k €	-1.4%	235,4 k €	+34.0%	175,7 k €	+43.0%	122,8 k €	+90.0%	64,6 k €	-17.1%	77,9 k €	+120%	35,4 k €
EBITDA	757,6 k €	-35.8%	1,2 M €	-16.1%	1,4 M €	-7.0%	1,5 M €	+45.2%	1 M €	+23.1%	846,4 k €	+71.2%	494,3 k €	-9.5%	546 k €	+67.0%	327 k €	+36.2%	240,1 k €	+10.1%	218,1 k €	+44.0%	151,5 k €	+27.9%	118,4 k €	-9.7%	131,1 k €	-4.6%	137,4 k €	+35.6%	101,4 k €	+89.2%	53,6 k €	+76.1%	30,4 k €	-52.4%	63,9 k €	+85.0%	34,5 k €
Operating result	591,1 k €	-42.5%	1 M €	-21.3%	1,3 M €	-6.1%	1,4 M €	+50.3%	926,2 k €	+24.9%	741,7 k €	+85.0%	400,8 k €	-8.4%	437,6 k €	+80.5%	242,4 k €	+48.5%	163,2 k €	+8.8%	150 k €	+90.1%	78,9 k €	+30.9%	60,3 k €	-31.7%	88,2 k €	-2.5%	90,5 k €	+58.2%	57,2 k €	+313%	13,9 k €	+159%	5,3 k €	-87.7%	43,4 k €	+61.7%	26,8 k €
Net result	426,4 k €	-48.0%	820,5 k €	-16.7%	985 k €	-7.7%	1,1 M €	+37.6%	775,8 k €	+25.6%	617,9 k €	+93.9%	318,6 k €	+6.0%	300,5 k €	+107%	145,4 k €	+55.5%	93,5 k €	+10.5%	84,7 k €	+80.0%	47 k €	+17.3%	40,1 k €	-33.9%	60,7 k €	+13.2%	53,6 k €	+109%	25,6 k €	+2390%	1 k €	-1.8%	1 k €	-94.9%	20,7 k €	-53.4%	44,3 k €
Balance sheet
Equity	2,4 M €	+21.5%	2 M €	+19.3%	1,7 M €	+5.4%	1,6 M €	+6.2%	1,5 M €	+1.8%	1,5 M €	+33.6%	1,1 M €	+18.2%	924,7 k €	+48.1%	624,2 k €	+30.4%	478,8 k €	+24.3%	385,3 k €	+28.2%	300,6 k €	+18.6%	253,5 k €	+18.8%	213,4 k €	+34.0%	159,3 k €	+50.7%	105,7 k €	+31.9%	80,1 k €	+1.3%	79,1 k €	+1.3%	78,1 k €	+36.0%	57,4 k €
Total assets	3,7 M €	-25.4%	4,9 M €	+18.0%	4,2 M €	-14.8%	4,9 M €	+2.4%	4,8 M €	+26.3%	3,8 M €	+69.1%	2,2 M €	+9.6%	2 M €	-3.4%	2,1 M €	+35.3%	1,6 M €	+13.1%	1,4 M €	+32.1%	1 M €	+20.1%	871,5 k €	+37.8%	632,3 k €	+14.4%	552,9 k €	+21.9%	453,5 k €	+12.0%	405 k €	+107%	196 k €	+6.6%	183,8 k €	+60.5%	114,5 k €
Cash	191,5 k €	+122%	86,4 k €	-78.9%	408,4 k €	+104%	200,3 k €	-62.2%	529,1 k €	+112%	250 k €	+21.7%	205,5 k €	+52.3%	134,9 k €	-57.7%	318,7 k €	+205%	104,6 k €	-35.3%	161,7 k €	+205%	53 k €	-55.4%	119 k €	+257%	33,3 k €	-35.9%	51,9 k €	+30.7%	39,7 k €	+190%	13,7 k €	+3483%	383 €	-96.5%	11 k €	+28324%	38,8 €
Debts	1,2 M €	-58.3%	2,9 M €	+17.9%	2,5 M €	-25.0%	3,3 M €	+0.6%	3,3 M €	+41.7%	2,3 M €	+103%	1,1 M €	+2.6%	1,1 M €	-25.0%	1,5 M €	+37.5%	1,1 M €	+9.4%	989,9 k €	+34.0%	738,7 k €	+19.8%	616,9 k €	+47.8%	417,5 k €	+6.4%	392,3 k €	+13.8%	344,7 k €	+6.6%	323,4 k €	+182%	114,7 k €	+9.7%	104,6 k €	+86.6%	56,1 k €
Other
Workforce	6,2 ETP	0.0%	6,2 ETP	-31.1%	9,0 ETP	-6.2%	9,6 ETP	-4.0%	10,0 ETP	+2.0%	9,8 ETP	+11.4%	8,8 ETP	-17.8%	10,7 ETP	+57.4%	6,8 ETP	+36.0%	5,0 ETP	-12.3%	5,7 ETP	+35.7%	4,2 ETP	+40.0%	3,0 ETP	+36.4%	2,2 ETP	-21.4%	2,8 ETP	+47.4%	1,9 ETP	0.0%	1,9 ETP	+72.7%	1,1 ETP	+120%	0,5 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

BREAKAWAY

Director · 0661.864.949

Represented by KRIS SAUVILLERS

Active

Ended mandates

BREAKAWAY

Director · since 18 avril 2019 · 0661.864.949

Represented by KRIS SAUVILLERS

Ended

BREAKAWAY

Manager · since 18 avril 2019 · 0661.864.949

Represented by KRIS SAUVILLERS

Ended

KRIS SAUVILLERS

Manager · since 27 mars 2006

Ended

KRIS SAUVILLERS

Director · until 18 avril 2019

Ended

At this address

Other companies at this address

Company	CBE no.
BREAKAWAY● Active	0661.864.949
Casarel● Active	0819.922.291
Groep Arel● Active	0804.147.222
SG INVESTMENTS● Active	0500.591.561

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/05/2026	18/05/2025	30/05/2024	14/06/2023	20/05/2022	03/06/2021
General meeting	28/04/2026	18/04/2025	21/05/2024	15/05/2023	16/05/2022	17/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	28/04/2026	11/05/2026	Dutch	PDF
Abridged model	31/12/2024	18/04/2025	18/05/2025	Dutch	PDF
Abridged model	31/12/2023	21/05/2024	30/05/2024	Dutch	PDF
Abridged model	31/12/2022	15/05/2023	14/06/2023	Dutch	PDF
Abridged model	31/12/2021	16/05/2022	20/05/2022	Dutch	PDF
Abridged model	31/12/2020	17/05/2021	03/06/2021	Dutch	PDF
Abridged model	31/12/2019	18/05/2020	16/06/2020	Dutch	PDF
Abridged model	31/12/2018	20/05/2019	23/05/2019	Dutch	PDF
Abridged model	31/12/2017	22/05/2018	25/05/2018	Dutch	PDF
Abridged model	31/12/2016	15/05/2017	19/05/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	09/06/2016	Dutch	PDF
Abridged model	31/12/2014	18/05/2015	19/05/2015	Dutch	PDF
Abridged model	31/12/2013	19/05/2014	21/05/2014	Dutch	PDF
Abridged model	31/12/2012	21/05/2013	29/05/2013	Dutch	PDF
Abridged model	31/12/2011	21/05/2012	24/05/2012	Dutch	PDF
Abridged model	31/12/2010	16/05/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	17/05/2010	31/05/2010	Dutch	PDF
Abridged model	31/12/2008	18/05/2009	18/05/2009	Dutch	PDF
Abridged model	31/12/2007	19/05/2008	29/05/2008	Dutch	PDF
Abridged model	31/12/2006	21/05/2007	13/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

BREAKAWAY

Director · 0661.864.949

Represented by KRIS SAUVILLERS

Active

Ended mandates

BREAKAWAY

Director · since 18 avril 2019 · 0661.864.949

Represented by KRIS SAUVILLERS

Ended

BREAKAWAY

Manager · since 18 avril 2019 · 0661.864.949

Represented by KRIS SAUVILLERS

Ended

KRIS SAUVILLERS

Manager · since 27 mars 2006

Ended

KRIS SAUVILLERS

Director · until 18 avril 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/07/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/04/2006
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - DOEL - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025426,4 k €↓
2024
Annual accounts 2024820,5 k €↓
2023
Annual accounts 2023985 k €↓
2022
Annual accounts 20221,1 M €↑
2021
Annual accounts 2021775,8 k €↑
2020
Annual accounts 2020617,9 k €↑
2019
Annual accounts 2019318,6 k €↑
2018
Annual accounts 2018300,5 k €↑
2017
Annual accounts 2017145,4 k €↑
2016
Annual accounts 201693,5 k €↑
2015
Annual accounts 201584,7 k €↑
2014
Annual accounts 201447 k €↑
2013
Annual accounts 201340,1 k €↓
2012
Annual accounts 201260,7 k €↑
2011
Annual accounts 201153,6 k €↑
2010
Annual accounts 201025,6 k €↑
2009
Annual accounts 20091 k €↓
2008
Annual accounts 20081 k €↓
2007
Annual accounts 200720,7 k €↓
2006
Annual accounts 200644,3 k €
16/12/1991
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AREL

Overview

What does AREL do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline