ACTIVE

ARE

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Financial year 2025 · closed on 31/12/2025
Net result
-130,5 k €
-1866.7% YoY
Gross margin
150,7 k €
-66.3% YoY
Equity
2 M €
-6.2% YoY

What does ARE do?

ARE is a Private limited company incorporated in 2012. Its registered office is in Wortegem-Petegem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0845.464.470
Incorporation
24/04/2012
Legal form
Private limited company
Registered office
Oudenaardseweg (W.-M.) 54A
9790 Wortegem-Petegem · FlandreSee on map
Contributed capital
45 000,00 €
Latest accounts
31/12/2025
Signals
Low riskGood liquidityPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin150,7 k €447,3 k €517,9 k €488,2 k €761,3 k €480,6 k €577,6 k €396,4 k €191,6 k €101,1 k €-7,3 k €74,1 k €40,4 k €
EBITDA149,6 k €446,2 k €516,7 k €487,2 k €753,6 k €479,7 k €576,5 k €395,4 k €190,6 k €100,6 k €-8,2 k €73,6 k €39,5 k €
Operating result149,6 k €446,2 k €516,7 k €487,2 k €753,6 k €479,7 k €576,5 k €395,4 k €190,6 k €88,5 k €-8,2 k €73,6 k €38,3 k €
Net result-130,5 k €7,4 k €146,4 k €256,3 k €508,9 k €323,6 k €388 k €248,8 k €105,5 k €36,9 k €-31,1 k €41,2 k €20,2 k €
Balance sheet
Equity2 M €2,1 M €2,1 M €1,9 M €1,7 M €1,2 M €854,6 k €466,5 k €217,8 k €112,2 k €75,3 k €106,4 k €65,2 k €
Total assets10,3 M €10,9 M €11,2 M €9,9 M €8,9 M €3,5 M €3,2 M €3,3 M €4,1 M €2,6 M €2,6 M €553 k €657,8 k €
Cash87,4 k €231,4 k €141,4 k €270,1 k €189,1 k €56,5 k €362,9 k €95,2 k €67,1 k €142 k €213,4 k €84,5 k €124,7 k €
Debts8,3 M €8,8 M €9,1 M €7,9 M €7,3 M €2,3 M €2,4 M €2,9 M €3,9 M €2,5 M €2,6 M €446 k €590,7 k €
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 · 4 active · 8 ended

Active mandates

TESSIMMO

Director · since 17 décembre 2025 · 0458.101.306

Represented by Johan Vandenberghe

Active
Bernalith

Director · since 30 juin 2022 · 0678.580.326

Represented by Johan Delmulle

Active
BAUWIES

Director · since 02 octobre 2018 · 0698.986.255

Represented by Koen Verbauwhede

Active
DE CORDIER BOUWONDERNEMING

Director · since 18 avril 2012 · 0460.951.126

Represented by Koen De Cordier

Active

Ended mandates

BAUWIES

Manager · since 02 octobre 2018 · 0698.986.255

Represented by Koen Verbauwhede

Ended
DRIEHOEK

Manager · since 24 avril 2012 · 0463.473.522

Represented by Koen Verbauwhede

Ended
DRIEHOEK

Manager · since 24 avril 2012 · 0463.473.522

Represented by Koen Verbauwhede

Ended
DD-INVEST

Manager · since 18 avril 2012 · 0842.106.587

Represented by Johan Delmulle

Ended
At this address

Other companies at this address

CompanyCBE no.
DE CORDIER BOUWONDERNEMING● Active
0460.951.126
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 date25/08/202624/07/202502/05/202420/07/202322/07/202223/07/2021
General meeting24/08/202613/06/202529/04/202409/06/202310/06/202211/06/2021
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202524/08/202625/08/2026DutchPDF
Abridged model31/12/202413/06/202524/07/2025DutchPDF
Abridged model31/12/202329/04/202402/05/2024DutchPDF
Abridged model31/12/202209/06/202320/07/2023DutchPDF
Abridged model31/12/202110/06/202222/07/2022DutchPDF
Abridged model31/12/202011/06/202123/07/2021DutchPDF
Abridged model31/12/201912/06/202023/07/2020DutchPDF
Abridged model31/12/201814/06/201923/07/2019DutchPDF
Abridged model31/12/201708/06/201824/07/2018DutchPDF
Abridged model31/12/201609/06/201721/08/2017DutchPDF
Abridged model31/12/201510/06/201628/06/2016DutchPDF
Abridged model31/12/201412/06/201531/08/2015DutchPDF
Abridged model31/12/201313/06/201431/08/2014DutchPDF
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 · 4 active · 8 ended

Active mandates

TESSIMMO

Director · since 17 décembre 2025 · 0458.101.306

Represented by Johan Vandenberghe

Active
Bernalith

Director · since 30 juin 2022 · 0678.580.326

Represented by Johan Delmulle

Active
BAUWIES

Director · since 02 octobre 2018 · 0698.986.255

Represented by Koen Verbauwhede

Active
DE CORDIER BOUWONDERNEMING

Director · since 18 avril 2012 · 0460.951.126

Represented by Koen De Cordier

Active

Ended mandates

BAUWIES

Manager · since 02 octobre 2018 · 0698.986.255

Represented by Koen Verbauwhede

Ended
DRIEHOEK

Manager · since 24 avril 2012 · 0463.473.522

Represented by Koen Verbauwhede

Ended
DRIEHOEK

Manager · since 24 avril 2012 · 0463.473.522

Represented by Koen Verbauwhede

Ended
DD-INVEST

Manager · since 18 avril 2012 · 0842.106.587

Represented by Johan Delmulle

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates19/02/2026
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates27/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/10/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other07/05/2012
    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. 2025
    Annual accounts 2025-130,5 k €↓
  2. 2024
    Annual accounts 20247,4 k €↓
  3. 2023
    Annual accounts 2023146,4 k €↓
  4. 2022
    Annual accounts 2022256,3 k €↓
  5. 2021
    Annual accounts 2021508,9 k €↑
  6. 2020
    Annual accounts 2020323,6 k €↓
  7. 2019
    Annual accounts 2019388 k €↑
  8. 2018
    Annual accounts 2018248,8 k €↑
  9. 2017
    Annual accounts 2017105,5 k €↑
  10. 2016
    Annual accounts 201636,9 k €↑
  11. 2015
    Annual accounts 2015-31,1 k €↓
  12. 2014
    Annual accounts 201441,2 k €↑
  13. 2013
    Annual accounts 201320,2 k €
  14. 24/04/2012
    IncorporationPrivate limited company