ARE²
0628.649.377 · rovalta.com · 22/09/2026
ACTIVE
ARE²
Financial year 2025 · closed on 31/12/2025
Net result
3,1 M €
-83.1% YoY
Equity
57 M €
+3.3% YoY
Overview
What does ARE² do?
ARE² is a Public limited company incorporated in 2015. Its registered office is in Merelbeke-Melle.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0628.649.377
Incorporation
16/04/2015
Legal form
Public limited company
Registered office
Lembergsesteenweg 29
9820 Merelbeke-Melle · FlandreSee on map
9820 Merelbeke-Melle · FlandreSee on map
Contributed capital
50 000 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskPositive cashflow
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 10 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||
| Gross margin | – | – | – | – | – | – | – | – | – | -2,7 k € | |||||||||
| EBITDA | -5,2 k € | +32.9% | -7,7 k € | -52.3% | -5,1 k € | -77.1% | -2,9 k € | +20.7% | -3,6 k € | -15.6% | -3,1 k € | -12.7% | -2,8 k € | +6.0% | -3 k € | -71.2% | -1,7 k € | +43.5% | -3,1 k € |
| Operating result | -5,2 k € | +32.9% | -7,7 k € | -52.3% | -5,1 k € | -77.1% | -2,9 k € | +20.7% | -3,6 k € | -4.1% | -3,5 k € | +16.5% | -4,2 k € | +4.1% | -4,3 k € | -39.5% | -3,1 k € | +43.2% | -5,5 k € |
| Net result | 3,1 M € | -83.1% | 18,4 M € | +485% | 3,2 M € | -15.9% | 3,7 M € | +3.0% | 3,6 M € | +0.3% | 3,6 M € | +1.5% | 3,6 M € | -0.1% | 3,6 M € | +2.1% | 3,5 M € | +960% | -408 k € |
| Balance sheet | |||||||||||||||||||
| Equity | 57 M € | +3.3% | 55,2 M € | -25.9% | 74,4 M € | +4.4% | 71,3 M € | +5.6% | 67,5 M € | +5.7% | 63,9 M € | +6.0% | 60,3 M € | +6.3% | 56,7 M € | +6.7% | 53,1 M € | +7.1% | 49,6 M € |
| Total assets | 75,1 M € | -1.4% | 76,2 M € | -33.0% | 113,6 M € | +6.4% | 106,8 M € | +38.2% | 77,3 M € | +1.5% | 76,1 M € | +1.5% | 75 M € | -0.2% | 75,2 M € | +0.2% | 75 M € | -0.0% | 75 M € |
| Cash | 113,6 k € | -41.4% | 194,1 k € | +309% | 47,4 k € | -99.6% | 11,7 M € | +411% | 2,3 M € | +100% | 1,1 M € | +11853% | 9,5 k € | -94.8% | 182 k € | +1324% | 12,8 k € | -13.7% | 14,8 k € |
| Debts | 18,2 M € | -13.6% | 21 M € | -46.4% | 39,2 M € | +10.3% | 35,5 M € | +264% | 9,8 M € | -20.4% | 12,3 M € | -16.9% | 14,8 M € | -20.3% | 18,5 M € | -13.7% | 21,4 M € | -14.2% | 25 M € |
Estimate
Indicative valuation
As an indication, this company is worth
between 50 M€ and 100 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 4 ended
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
A.H.H. VASTGOED● Active | 0475.117.678 |
ARE³● Active | 0646.738.194 |
ARE³ Development● Active | 0748.761.410 |
Immo Sanglier des Ardennes● Active | 0460.538.875 |
Merleau Construct● Active | 1037.083.022 |
Merleau Land● Active | 1037.083.121 |
Oostende Stadion● Active | 0630.938.577 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full 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 | 03/07/2026 | 16/07/2025 | 28/08/2024 | 26/07/2023 | 02/06/2022 | 13/07/2021 |
| General meeting | 30/06/2026 | 30/06/2025 | 14/08/2024 | 30/06/2023 | 04/05/2022 | 30/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
10 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 30/06/2026 | 03/07/2026 | Dutch | |
| Full model | 31/12/2024 | 30/06/2025 | 16/07/2025 | Dutch | |
| Full model | 31/12/2023 | 14/08/2024 | 28/08/2024 | Dutch | |
| Full model | 31/12/2022 | 30/06/2023 | 26/07/2023 | Dutch | |
| Full model | 31/12/2021 | 04/05/2022 | 02/06/2022 | Dutch | |
| Full model | 31/12/2020 | 30/06/2021 | 13/07/2021 | Dutch | |
| Full model | 31/12/2019 | 06/05/2020 | 13/07/2020 | Dutch | |
| Full model | 31/12/2018 | 02/05/2019 | 29/08/2019 | Dutch | |
| Full model | 31/12/2017 | 02/05/2018 | 16/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 03/05/2017 | 30/08/2017 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 50 M€ and 100 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 4 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates21/09/2026Ontslag en benoeming bestuurder
- Other14/02/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates28/10/2021ONTSLAGEN - BENOEMINGEN
- Mandates15/09/2016ONTSLAGEN - BENOEMINGEN
- Mandates29/05/2015ONTSLAGEN - BENOEMINGEN
- Mandates26/05/2015ONTSLAGEN - BENOEMINGEN
- Other28/04/2015RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20253,1 M €↓
- 2024Annual accounts 202418,4 M €↑
- 2023Annual accounts 20233,2 M €↓
- 2022Annual accounts 20223,7 M €↑
- 2021Annual accounts 20213,6 M €↑
- 2020Annual accounts 20203,6 M €↑
- 2019Annual accounts 20193,6 M €↓
- 2018Annual accounts 20183,6 M €↑
- 2017Annual accounts 20173,5 M €↑
- 2016Annual accounts 2016-408 k €
- 16/04/2015IncorporationPublic limited company