Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ARS from Gavere, company number BE0418990213, closed financial year 2025 with a result of € -43,507 after tax. For that financial year ARS recorded a gross margin of € -22,484 and equity of € -200,447. Compared with financial year 2024, the result moved from € -32,570 to € -43,507. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 24, 2026.
€ -200,447
▼ € 43,507 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -43,507
▼ 34 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,336
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -405,986.
People and assets in 2025
€ 31,965
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 515
▼ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,555
▲ 157% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -20,454 | € -11,276 | € -11,233 | € -22,484 | ▼ € 11,252 |
| Profit after taxes | € -54,710 | € -32,417 | € -32,570 | € -43,507 | ▼ € 10,937 |
| Equity | € -91,953 | € -124,370 | € -156,940 | € -200,447 | ▼ € 43,507 |
| Total debts | € 282,843 | € 249,931 | € 258,414 | € 242,143 | ▼ 6% |
| Cash | € 9,089 | € 203 | € 4,270 | € 1,336 | ▼ 69% |
| Retained profit | € -297,491 | € -329,908 | € -362,479 | € -405,986 | ▼ € 43,507 |
| Balance sheet total | € 190,890 | € 125,561 | € 101,474 | € 41,696 | ▼ 59% |
Key figures of ARS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to ARS?
What happened at ARS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 43,507. Source: NBB ↗
- Willy Van Gysegem became a director. NBB
- New establishment in Gavere. KBO
- Start of the company according to the CBE. KBO
In short
From € 54,710 loss in 2022 to € 43,507 loss in 2025.
Paid € 172 in corporate taxes since 2022.
Management
Behind ARS are Willy Van Gysegem and Hilde Cosyns.
Directors
According to the 2025 annual accounts
Willy Van Gysegem
Director
since 2011
Hilde Cosyns
Director
Establishments
Establishment units
Physical locations of this company
Populierkensweg 2
9890 Gavere
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Finstone
€ 212,288 gross margin · 2025
TIDEN
€ 142,573 gross margin · 2025
Rocky Invest
€ -3,813 gross margin · 2025
LVGJ
€ 30,749 gross margin · 2025
Stone Invest
€ -4,779 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0418.990.213
- VAT number
- BE 0418.990.213
- Registered office
- Populierkensweg 2, 9890 Gavere
- Names & denominations
- ARS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 1978
- Peppol
- Active · Active since 28 Jan 2026
- Activities · NACE
Groothandel in kantoor- en schoolbenodigdheden
Groothandel in papierwaren, kantoor- en schoolbehoeften
Groothandel in sport- en kampeerartikelen, met uitzondering van fietsen
Detailhandel in kranten en andere tijdschriften
Detailhandel in verlichtingsartikelen
Groothandel in sport- en kampeerartikelen, rijwielen en onderdelen en toebehoren daarvan, spellen en speelgoed
Detailhandel in artikelen voor verlichting en woninginrichting
Detailhandel in boeken, kranten, tijdschriften en kantoorbehoeften
+2