OPENING OF BANKRUPTCY

ARE Projects

Financial year 2023 · closed on 31/12/2023
Net result
-1,2 M €
-619.5% YoY
Gross margin
40,7 k €
-88.9% YoY
Equity
-988,3 k €
-638.4% YoY

Company — Opening of bankruptcy.

What does ARE Projects do?

ARE Projects is a Public limited company incorporated in 2018. Its main activity is: Development of building projects. Its registered office is in Arendonk.

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0705.973.126
Incorporation
28/09/2018
Legal form
Public limited company
Registered office
Hoge Mauw 1510
2370 Arendonk · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2023
Signals
Good liquidityPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20232022202120202019
Income statement
Gross margin40,7 k €367,3 k €26,8 k €170,2 k €-115,1 k €
EBITDA36,9 k €363,7 k €24,8 k €169,7 k €-116,3 k €
Operating result-997,7 k €363,7 k €24,8 k €169,7 k €-116,3 k €
Net result-1,2 M €225,6 k €-130,7 k €146 k €-118,8 k €
Balance sheet
Equity-988,3 k €183,6 k €-42 k €88,6 k €-57,3 k €
Total assets5 M €4,2 M €4,1 M €2,1 M €454,2 k €
Cash39,6 k €65,8 k €140,3 k €25,3 k €654,4 €
Debts6 M €4 M €4,1 M €2 M €511,3 k €
Governance

Board of directors

Seen on filing of 31/12/2023 · 4 active · 3 ended

Active mandates

Create & Build

Director · since 28 septembre 2018 · until 02 juin 2025 · 0628.577.519

Represented by Tom De Vries

Active
EB MANAGEMENT

Director · since 28 septembre 2018 · until 27 septembre 2024 · 0479.516.233

Represented by Eddy Bruyninckx

Active
EDCC

Director · since 28 septembre 2018 · until 02 juin 2025 · 0684.716.961

Represented by Ruben Devrieze

Active
Luc Van Cauwenbergh

Director · since 28 septembre 2018 · until 29 août 2024 · 0862.352.467

Represented by Philip Van Cauwenbergh

Active

Ended mandates

EB MANAGEMENT

Director · since 28 septembre 2018 · until 02 juin 2025 · 0479.516.233

Represented by Eddy Bruyninckx

Ended
EDCC

Director · since 28 septembre 2018 · until 02 juin 2025 · 0684.716.961

Represented by Ruben Devrieze

Ended
Luc Van Cauwenbergh

Director · since 28 septembre 2018 · until 02 juin 2025 · 0862.352.467

Represented by Luc Van Cauwenbergh

Ended
At this address

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Annual accounts

Full financial information

20232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202301/01/202201/01/202101/01/202028/09/2018
Closing of the financial year31/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months16 months
Filing date30/09/202430/08/202330/08/202217/08/202131/08/2020
General meeting27/09/202424/08/202325/08/202228/06/202130/06/2020
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202327/09/202430/09/2024DutchPDF
Abridged model31/12/202224/08/202330/08/2023DutchPDF
Abridged model31/12/202125/08/202230/08/2022DutchPDF
Abridged model31/12/202028/06/202117/08/2021DutchPDF
Abridged model31/12/201930/06/202031/08/2020DutchPDF
Estimate

Indicative valuation

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 31/12/2023 · 4 active · 3 ended

Active mandates

Create & Build

Director · since 28 septembre 2018 · until 02 juin 2025 · 0628.577.519

Represented by Tom De Vries

Active
EB MANAGEMENT

Director · since 28 septembre 2018 · until 27 septembre 2024 · 0479.516.233

Represented by Eddy Bruyninckx

Active
EDCC

Director · since 28 septembre 2018 · until 02 juin 2025 · 0684.716.961

Represented by Ruben Devrieze

Active
Luc Van Cauwenbergh

Director · since 28 septembre 2018 · until 29 août 2024 · 0862.352.467

Represented by Philip Van Cauwenbergh

Active

Ended mandates

EB MANAGEMENT

Director · since 28 septembre 2018 · until 02 juin 2025 · 0479.516.233

Represented by Eddy Bruyninckx

Ended
EDCC

Director · since 28 septembre 2018 · until 02 juin 2025 · 0684.716.961

Represented by Ruben Devrieze

Ended
Luc Van Cauwenbergh

Director · since 28 septembre 2018 · until 02 juin 2025 · 0862.352.467

Represented by Luc Van Cauwenbergh

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/11/2024
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other06/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other02/10/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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. 2023
    Annual accounts 2023-1,2 M €
  2. 2022
    Annual accounts 2022225,6 k €
  3. 2021
    Annual accounts 2021-130,7 k €
  4. 2020
    Annual accounts 2020146 k €
  5. 2019
    Annual accounts 2019-118,8 k €
  6. 28/09/2018
    IncorporationPublic limited company