ACTIVE

ARH

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Financial year 2025 · closed on 31/12/2025
Net result
146,1 k €
+94.7% YoY
Gross margin
326,7 k €
+25.7% YoY
Equity
386,6 k €
+60.7% YoY

What does ARH do?

ARH is a Private limited company incorporated in 2015. Its main activity is: Management of real estate on a fee or contract basis. Its registered office is in Eupen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0639.912.958
Incorporation
05/10/2015
Legal form
Private limited company
Registered office
Stockem 45
4700 Eupen · WallonieSee on map
Contributed capital
25 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
68321Management of real estate on a fee or contract basis· main68321Management of real estate on a fee or contract basis
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin326,7 k €259,9 k €254,2 k €164,9 k €258,7 k €39,3 k €49,6 k €50,6 k €40,8 k €9 k €
EBITDA321,8 k €254,9 k €249,3 k €160,5 k €254,2 k €34,3 k €46,3 k €50 k €40,3 k €7,4 k €
Operating result257 k €185,8 k €179,7 k €86,8 k €134,6 k €-13,8 k €16,9 k €20,7 k €17,2 k €-5 k €
Net result146,1 k €75 k €74,2 k €23,5 k €71,5 k €-31 k €24,5 €5 k €5,6 k €-8,3 k €
Balance sheet
Equity386,6 k €240,6 k €165,6 k €91,4 k €67,8 k €-3,7 k €27,3 k €27,3 k €22,3 k €16,7 k €
Total assets2,2 M €2,2 M €2,2 M €2,3 M €2,4 M €1,7 M €649,4 k €699,9 k €641,2 k €455,3 k €
Cash–8,5 k €8,1 k €–72,7 k €51,8 k €5,2 k €30,1 k €13,5 k €24,3 k €
Debts1,8 M €1,9 M €2 M €2,2 M €2,3 M €1,7 M €619,9 k €668,2 k €617,6 k €437,1 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 2 ended

Active mandates

Julien HEINEN

Director · since 01 janvier 2021

Active
Louis HEINEN

Director · since 01 janvier 2021

Active
Astrid HEUSCHEN

Director · since 02 octobre 2015

Active
Roger HEINEN

Director · since 02 octobre 2015

Active

Ended mandates

Astrid HEUSCHEN

Manager · since 02 octobre 2015

Ended
Roger HEINEN

Manager · since 02 octobre 2015

Ended
At this address

Other companies at this address

CompanyCBE no.
TRANSPORT ROGER HEINEN● Active
0887.794.676
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/07/202611/07/202524/06/202411/07/202314/07/202227/07/2021
General meeting19/06/202620/06/202521/06/202416/06/202317/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202617/07/2026GermanPDF
Abridged model31/12/202420/06/202511/07/2025GermanPDF
Abridged model31/12/202321/06/202424/06/2024GermanPDF
Abridged model31/12/202216/06/202311/07/2023GermanPDF
Abridged model31/12/202117/06/202214/07/2022GermanPDF
Abridged model31/12/202030/06/202127/07/2021GermanPDF
Abridged model31/12/201919/06/202013/07/2020GermanPDF
Abridged model31/12/201821/06/201919/07/2019GermanPDF
Abridged model31/12/201715/06/201813/07/2018GermanPDF
Abridged model31/12/201616/06/201714/07/2017GermanPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 4 active · 2 ended

Active mandates

Julien HEINEN

Director · since 01 janvier 2021

Active
Louis HEINEN

Director · since 01 janvier 2021

Active
Astrid HEUSCHEN

Director · since 02 octobre 2015

Active
Roger HEINEN

Director · since 02 octobre 2015

Active

Ended mandates

Astrid HEUSCHEN

Manager · since 02 octobre 2015

Ended
Roger HEINEN

Manager · since 02 octobre 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/12/2023
    AENDERUNG RECHTSFORM - ENTLASSUNG - ERNENNUNG
    PDF
  • Mandates05/01/2023
    ENTLASSUNG - ERNENNUNG
    PDF
  • Mandates03/06/2021
    ENTLASSUNG - ERNENNUNG
    PDF
  • Other07/10/2015
    RUBRIK GRUENDUNG (NEUE RECHTSPERSON, EROEFFNUNG FILIALE, USW)
    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

Timeline

  1. 2025
    Annual accounts 2025146,1 k €↑
  2. 2024
    Annual accounts 202475 k €↑
  3. 2023
    Annual accounts 202374,2 k €↑
  4. 2022
    Annual accounts 202223,5 k €↓
  5. 2021
    Annual accounts 202171,5 k €↑
  6. 2020
    Annual accounts 2020-31 k €↓
  7. 2019
    Annual accounts 201924,5 €↓
  8. 2018
    Annual accounts 20185 k €↓
  9. 2017
    Annual accounts 20175,6 k €↑
  10. 2016
    Annual accounts 2016-8,3 k €
  11. 05/10/2015
    IncorporationPrivate limited company