ACTIVE

ARECON

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Financial year 2025 · closed on 31/03/2025

Net result

41 k €

+9.9% YoY

Gross margin

91,6 k €

+30.1% YoY

Equity

456,5 k €

+9.9% YoY

What does ARECON do?

ARECON is a Private limited company incorporated in 2005. Its main activity is: Real estate agencies. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0873.216.269

Incorporation

15/04/2005

Legal form

Private limited company

Registered office

Kortrijksesteenweg 1045 box A002
9051 Gent · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/03/2025

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70311Activities of head offices; management consultancy activities 41101Development of building projects 41102Development of building projects 68100Buying and selling of own real estate+10

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	91,6 k €	+30.1%	70,4 k €	-50.9%	143,3 k €	-3.0%	147,7 k €	+58.7%	93 k €	+67.7%	55,5 k €	-12.3%	63,3 k €	+30.7%	48,4 k €	-42.6%	84,3 k €	+4.2%	80,9 k €	+53.3%	52,8 k €	+10.4%	47,8 k €	+97.7%	24,2 k €	-6.3%	25,8 k €	+13.6%	22,7 k €	-47.1%	43 k €	+23.8%	34,7 k €
EBITDA	90,6 k €	+32.2%	68,5 k €	-51.7%	141,8 k €	-3.4%	146,7 k €	+59.1%	92,2 k €	+69.7%	54,3 k €	-12.4%	62,1 k €	+31.1%	47,3 k €	-43.4%	83,7 k €	+4.6%	80 k €	+55.2%	51,6 k €	+9.4%	47,1 k €	+103%	23,2 k €	-3.7%	24,1 k €	+10.7%	21,8 k €	-47.4%	41,5 k €	+22.6%	33,8 k €
Operating result	65,9 k €	+17.1%	56,3 k €	-52.5%	118,4 k €	-4.2%	123,6 k €	+81.4%	68,1 k €	+78.4%	38,2 k €	-17.3%	46,2 k €	+43.7%	32,1 k €	-53.7%	69,4 k €	+6.1%	65,4 k €	+44.7%	45,2 k €	+35.0%	33,5 k €	+245%	9,7 k €	-11.5%	11 k €	-7.5%	11,8 k €	-64.0%	32,9 k €	+14.6%	28,7 k €
Net result	41 k €	+9.9%	37,3 k €	-51.8%	77,3 k €	-11.3%	87,1 k €	+76.1%	49,5 k €	+183%	17,5 k €	-48.8%	34,2 k €	+35.1%	25,3 k €	-43.4%	44,7 k €	+2.3%	43,7 k €	+54.2%	28,4 k €	+40.7%	20,2 k €	+189%	7 k €	+17.7%	5,9 k €	-27.9%	8,2 k €	-54.7%	18,1 k €	+10.4%	16,4 k €
Balance sheet
Equity	456,5 k €	+9.9%	415,5 k €	+9.9%	378,3 k €	+25.7%	301 k €	+46.4%	205,6 k €	+21.6%	169,1 k €	+0.3%	168,6 k €	+2.5%	164,5 k €	+18.2%	139,2 k €	+0.5%	138,5 k €	+46.2%	94,7 k €	+12.3%	84,4 k €	+13.7%	74,2 k €	+10.4%	67,2 k €	+9.7%	61,3 k €	+50.6%	40,7 k €	+80.1%	22,6 k €
Total assets	712,7 k €	+6.0%	672,5 k €	+70.7%	394 k €	+6.2%	371 k €	+14.8%	323,3 k €	+39.5%	231,7 k €	+4.2%	222,4 k €	-9.3%	245,4 k €	-9.5%	271 k €	+7.8%	251,4 k €	+19.0%	211,2 k €	-0.8%	213 k €	+13.8%	187,1 k €	-5.0%	196,9 k €	+43.8%	137 k €	+16.1%	118 k €	+80.0%	65,5 k €
Cash	140,6 k €	+58.2%	88,9 k €	-65.0%	254 k €	-9.2%	279,7 k €	+45.9%	191,7 k €	+32.2%	145,1 k €	+41.2%	102,7 k €	-28.2%	143,1 k €	+18.7%	120,6 k €	+30.7%	92,3 k €	-11.6%	104,4 k €	+21.1%	86,2 k €	+55.7%	55,4 k €	-8.1%	60,2 k €	-24.2%	79,5 k €	+18.1%	67,3 k €	+258%	18,8 k €
Debts	256,2 k €	-0.3%	257 k €	+1536%	15,7 k €	-77.6%	70 k €	-40.4%	117,4 k €	+87.6%	62,6 k €	+16.3%	53,8 k €	-33.5%	80,9 k €	-38.7%	131,8 k €	+16.8%	112,9 k €	-3.1%	116,5 k €	-8.8%	127,8 k €	+13.4%	112,7 k €	-13.1%	129,7 k €	+71.4%	75,6 k €	-2.1%	77,3 k €	+80.0%	42,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 1 ended

Active mandates

Alexander Balcaen

Director · since 12 avril 2005

Active

Ended mandates

Alexander Balcaen

Manager · since 12 avril 2005

Ended

At this address

Other companies at this address

Company	CBE no.
Verdi● Active	1030.587.188
Villa Verdi● Active	0426.387.155

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/10/2025	02/10/2024	03/10/2023	01/10/2022	28/09/2021	30/09/2020
General meeting	05/09/2025	06/09/2024	15/09/2023	02/09/2022	03/09/2021	04/09/2020
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	05/09/2025	04/10/2025	Dutch	PDF
Micro model	31/03/2024	06/09/2024	02/10/2024	Dutch	PDF
Micro model	31/03/2023	15/09/2023	03/10/2023	Dutch	PDF
Micro model	31/03/2022	02/09/2022	01/10/2022	Dutch	PDF
Micro model	31/03/2021	03/09/2021	28/09/2021	Dutch	PDF
Micro model	31/03/2020	04/09/2020	30/09/2020	Dutch	PDF
Micro model	31/03/2019	06/09/2019	23/10/2019	Dutch	PDF
Abridged model	31/03/2018	07/09/2018	13/09/2018	Dutch	PDF
Abridged model	31/03/2017	01/09/2017	04/09/2017	Dutch	PDF
Abridged model	31/03/2016	02/09/2016	27/09/2016	Dutch	PDF
Abridged model	31/03/2015	04/09/2015	14/09/2015	Dutch	PDF
Abridged model	31/03/2014	05/09/2014	08/09/2014	Dutch	PDF
Abridged model	31/03/2013	06/09/2013	16/09/2013	Dutch	PDF
Abridged model	31/03/2012	07/09/2012	10/09/2012	Dutch	PDF
Abridged model	31/03/2011	02/09/2011	08/09/2011	Dutch	PDF
Abridged model	31/03/2010	03/09/2010	13/09/2010	Dutch	PDF
Abridged model	31/03/2009	04/09/2009	08/09/2009	Dutch	PDF
Abridged model	31/03/2008	05/09/2008	02/10/2008	Dutch	PDF
Abridged model	31/03/2007	07/09/2007	26/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/03/2025 · 1 active · 1 ended

Active mandates

Alexander Balcaen

Director · since 12 avril 2005

Active

Ended mandates

Alexander Balcaen

Manager · since 12 avril 2005

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office13/05/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/04/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office29/12/2015
MAATSCHAPPELIJKE ZETEL
PDF
Registered office14/09/2010
MAATSCHAPPELIJKE ZETEL
PDF
Other25/04/2005
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

2025
Annual accounts 202541 k €↑
2024
Annual accounts 202437,3 k €↓
2023
Annual accounts 202377,3 k €↓
2022
Annual accounts 202287,1 k €↑
2019
Annual accounts 201949,5 k €↑
2018
Annual accounts 201817,5 k €↓
2017
Annual accounts 201734,2 k €↑
2016
Annual accounts 201625,3 k €↓
2015
Annual accounts 201544,7 k €↑
2014
Annual accounts 201443,7 k €↑
2013
Annual accounts 201328,4 k €↑
2012
Annual accounts 201220,2 k €↑
2011
Annual accounts 20117 k €↑
2010
Annual accounts 20105,9 k €↓
2009
Annual accounts 20098,2 k €↓
2008
Annual accounts 200818,1 k €↑
2007
Annual accounts 200716,4 k €
15/04/2005
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ARECON

Overview

What does ARECON do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline