ACTIVE

ARE³

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Financial year 2025 · closed on 31/12/2025
Net result
-382,3 k €
-134.2% YoY
Revenue
265,8 k €
-88.2% YoY
Equity
11,1 M €
-3.3% YoY

What does ARE³ do?

ARE³ is a Public limited company incorporated in 2016. Its main activity is: Construction of buildings. Its registered office is in Merelbeke-Melle.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0646.738.194
Incorporation
19/01/2016
Legal form
Public limited company
Registered office
Lembergsesteenweg 29
9820 Merelbeke-Melle · FlandreSee on map
Contributed capital
10 000 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
41001Construction of buildings· main41201Construction of residential and non-residential buildings41003Construction of buildings41203Construction of residential and non-residential buildings
Signals
Low riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Revenue265,8 k €2,2 M €34,3 k €40,7 k €60,4 k €116,1 k €140,4 k €72 k €3 k €
EBITDA1,4 M €3,1 M €1,3 M €575,6 k €8,4 k €-1,5 M €1,8 M €-2,6 M €-78,2 k €
Operating result853,2 k €2,5 M €748,1 k €-74,4 k €-1,5 M €-2,1 M €1,4 M €-2,9 M €-869,1 k €
Net result-382,3 k €1,1 M €321,7 k €-500,1 k €-1,8 M €-2,9 M €939,4 k €4,7 M €-372,7 k €
Balance sheet
Equity11,1 M €11,5 M €10,4 M €10,1 M €10,6 M €12,4 M €15,3 M €14,3 M €3,6 M €
Total assets50,7 M €55,8 M €54 M €51,1 M €50,9 M €32,2 M €28,9 M €23,2 M €70,4 M €
Cash694,5 k €4,8 M €608,9 k €341,3 k €855,4 k €437,4 k €690,1 k €268,1 k €152,1 k €
Debts39,2 M €43,6 M €42,9 M €40,5 M €39,8 M €19,1 M €13 M €8,1 M €66,8 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

vrae

Director · since 15 janvier 2025 · 1014.545.863

Represented by Frederic Teerlynck

Active
AUBISQUE

Director · since 15 mai 2021 · until 05 mai 2027 · 0843.087.970

Represented by Freya Loncin

Active

Ended mandates

Rio Management

Bedrijfsrevisor en revisor erkend voor financiële instellingen · since 01 octobre 2021 · until 05 mai 2027 · 0770.625.804

Represented by Anthony Piette

Ended
Rio Management

Director · since 01 octobre 2021 · until 05 mai 2027 · 0770.625.804

Represented by Anthony Piette

Ended
CRESCEMUS

Director · since 15 mai 2021 · until 05 mai 2027 · 0521.873.163

Represented by Pieter Bourgeois

Ended
Michael Schenck

Director · since 15 mai 2021 · until 05 mai 2027 · 0634.706.335

Represented by Michael Schenck

Ended
At this address

Other companies at this address

CompanyCBE no.
A.H.H. VASTGOED● Active
0475.117.678
ARE²● Active
0628.649.377
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
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date03/07/202616/07/202530/08/202431/08/202329/09/202223/07/2021
General meeting05/06/202630/06/202514/08/202424/08/202301/08/202230/06/2021
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202505/06/202603/07/2026DutchPDF
Full model31/12/202430/06/202516/07/2025DutchPDF
Full model31/12/202314/08/202430/08/2024DutchPDF
Full model31/12/202224/08/202331/08/2023DutchPDF
Full model31/12/202101/08/202229/09/2022DutchPDF
Full model31/12/202030/06/202123/07/2021DutchPDF
Full model31/12/201906/05/202030/09/2020DutchPDF
Full model31/12/201802/05/201930/08/2019DutchPDF
Full model31/12/201702/05/201816/07/2018DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 active · 11 ended

Active mandates

vrae

Director · since 15 janvier 2025 · 1014.545.863

Represented by Frederic Teerlynck

Active
AUBISQUE

Director · since 15 mai 2021 · until 05 mai 2027 · 0843.087.970

Represented by Freya Loncin

Active

Ended mandates

Rio Management

Bedrijfsrevisor en revisor erkend voor financiële instellingen · since 01 octobre 2021 · until 05 mai 2027 · 0770.625.804

Represented by Anthony Piette

Ended
Rio Management

Director · since 01 octobre 2021 · until 05 mai 2027 · 0770.625.804

Represented by Anthony Piette

Ended
CRESCEMUS

Director · since 15 mai 2021 · until 05 mai 2027 · 0521.873.163

Represented by Pieter Bourgeois

Ended
Michael Schenck

Director · since 15 mai 2021 · until 05 mai 2027 · 0634.706.335

Represented by Michael Schenck

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates12/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other14/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates14/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring11/01/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates29/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring04/10/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates21/09/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring03/09/2020
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    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 2025-382,3 k €↓
  2. 15/01/2025
    nominationVrae BV — bestuurder
  3. 2024
    Annual accounts 20241,1 M €↑
  4. 2023
    Annual accounts 2023321,7 k €↑
  5. 2022
    Annual accounts 2022-500,1 k €↑
  6. 2021
    Annual accounts 2021-1,8 M €↑
  7. 2020
    Annual accounts 2020-2,9 M €↓
  8. 2019
    Annual accounts 2019939,4 k €↓
  9. 2018
    Annual accounts 20184,7 M €↑
  10. 2017
    Annual accounts 2017-372,7 k €
  11. 19/01/2016
    IncorporationPublic limited company