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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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Late annual account NBB
Fiscal year 2025 was filed 334 days after the legal deadline.
Financials
Financial year 2025
A & R Projects from Ninove, company number BE0431647723, closed financial year 2025 with a result of € -364 after tax. For that financial year A & R Projects recorded a gross margin of € 34,669 and equity of € 95,933. Compared with financial year 2024, the result moved from € 8,148 to € -364. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 95,933
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -364
▼ still € 8,148 profit in 2024
Profit after tax over the fiscal year.
€ 140
▼ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 58,741.
People and assets in 2025
€ 17,166
▲ € 14,553 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 24,349
▲ 178% vs 2024
€ 8,160 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 5,969
▲ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,242
▲ 57% 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 | € 46,204 | € 44,185 | € 32,290 | € 34,669 | ▲ 7% |
| Profit after taxes | € 10,665 | € 11,310 | € 8,148 | € -364 | ▼ € 8,512 |
| Equity | € 67,026 | € 81,607 | € 93,026 | € 95,933 | ▲ 3% |
| Total debts | € 87,487 | € 56,862 | € 20,663 | € 43,147 | ▲ 109% |
| Cash | € 4,275 | € 1,340 | € 310 | € 140 | ▼ 55% |
| Land & buildings | € 152,963 | € 140,246 | € 127,528 | € 141,066 | ▲ 11% |
| Retained profit | € 29,834 | € 44,415 | € 55,834 | € 58,741 | ▲ 5% |
| Bank debt | € 3,000 | € 14,767 | € 8,746 | € 24,349 | ▲ 178% |
| Balance sheet total | € 193,761 | € 174,447 | € 146,396 | € 168,516 | ▲ 15% |
Key figures of A & R Projects, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to A & R Projects?
What happened at A & R Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 364 (▼ € 8,512 vs 2024). filed late Source: NBB ↗
- New establishment in Ninove. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,665 profit in 2022 to € 364 loss in 2025.
Paid € 31,159 in corporate taxes since 2022.
Best year ever: 2023, with € 11,310 profit.
Establishments
Establishment units
Physical locations of this company
Hemelrijk 52
9402 Ninove
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.647.723
- VAT number
- BE 0431.647.723
- Registered office
- Hemelrijk 52, 9402 Ninove
- Names & denominations
- A & R Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 15 July 1987
- Peppol
- Active · Active since 27 Nov 2025
- Contact
- [email protected] 053/67.27.21
- Activities · NACE
Activiteiten van (gecertificeerde) (fiscaal) accountants
Boekhouders
Boekhouders en boekhouders-fiscalisten