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 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2023; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 5.1 to 3.2.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
AR+ from Lokeren, company number BE0431866962, closed financial year 2023 with a result of € -98,629 after tax. For that financial year AR+ recorded a gross margin of € 92,834 and equity of € -527,800. Compared with financial year 2022, the result moved from € -267,840 to € -98,629. 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 July 25, 2024.
€ -527,800
▼ € 98,629 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -98,629
▲ 63 % less loss than in 2022
Profit after tax over the fiscal year.
€ 655
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -546,800.
People and assets in 2023
3.2
▼ 0.5 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 158,485
▼ 26% vs 2022
€ 49,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,887
▼ 52% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 174,364
▼ 24% vs 2022
Loans from banks and other lenders, long and short.
€ 91,907
▼ 23% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 11,389
▼ 73% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 159,066 | € -8,595 | € 92,834 | ▲ € 101,428 |
| Profit after taxes | € -190,015 | € -267,840 | € -98,629 | ▲ € 169,211 |
| Equity | € -161,332 | € -429,172 | € -527,800 | ▼ € 98,629 |
| Total debts | € 421,686 | € 592,937 | € 616,552 | ▲ 4% |
| Cash | € 2,654 | - | € 655 | |
| Retained profit | € -180,332 | € -448,172 | € -546,800 | ▼ € 98,629 |
| Bank debt | € 170,410 | € 229,987 | € 174,364 | ▼ 24% |
| Balance sheet total | € 260,354 | € 163,765 | € 88,752 | ▼ 46% |
| Employees (FTE) | 5.1 | 3.7 | 3.2 | ▼ 0.5 |
Key figures of AR+, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to AR+?
What happened at AR+ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
AR+ is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 98,629. Source: NBB ↗
- New establishment in Lokeren. KBO
- Start of the company according to the CBE. KBO
In short
From € 190,015 loss in 2021 to € 98,629 loss in 2023.
Paid € 376 in corporate taxes since 2021.
On average € 29,000 of value added per employee in 2023.
Management
Behind AR+ is Joseph Rosseels. Joseph Rosseels is also behind ARPLUS PROJECTS.
Directors
According to the 2023 annual accounts
Establishments
Establishment units
Physical locations of this company
Gentse Steenweg 31
9160 Lokeren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.866.962
- VAT number
- BE 0431.866.962
- Registered office
- Gentse Steenweg 31, 9160 Lokeren
- Names & denominations
- AR+
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 2 September 1987
- Peppol
- Not registered
- Activities · NACE
Algemene bouw van residentiële gebouwen
Bouwen van individuele huizen
Overige werkzaamheden in verband met de afwerking van gebouwen
Schrijnwerk
Schrijnwerk van hout of van kunststof