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 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ARE² from Merelbeke-Melle, company number BE0628649377, closed financial year 2025 with a result of € 3.1 million after tax. Compared with financial year 2024, the result moved from € 18.4 million to € 3.1 million. The company is profitable. 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 July 3, 2026.
€ 57 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.1 million
▼ 83% vs 2024
Profit after tax over the fiscal year.
€ 113,631
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.3 million paid out
42 % of the profit went to the shareholders, mostly to ALYCHLO (100 % of the shares). That is where the money ends up.
Debts at end 2025
€ 18 million
▼ 14% vs 2024
€ 3 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 5,049
▲ € 4,245 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 3,747,925 | € 3,150,354 | € 18,426,552 | € 3,118,800 | ▼ 83% |
| Equity | € 71,277,218 | € 74,427,573 | € 55,159,103 | € 56,962,903 | ▲ 3% |
| Total debts | € 35,500,000 | € 39,163,253 | € 21,000,880 | € 18,155,049 | ▼ 14% |
| Cash | € 11,674,312 | € 47,427 | € 194,070 | € 113,631 | ▼ 41% |
| Retained profit | € 21,277,218 | € 24,427,573 | € 5,159,103 | € 6,962,903 | ▲ 35% |
| Dividend | € 0 | € 0 | € 37,695,022 | € 1,315,000 | ▼ 97% |
| Bank debt | € 24,000,000 | € 21,000,000 | € 21,000,000 | € 18,000,000 | ▼ 14% |
| Balance sheet total | € 106,777,218 | € 113,590,826 | € 76,159,983 | € 75,117,952 | ▼ 1% |
Key figures of ARE², 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 July 2027.
What happened to ARE²?
What happened at ARE² in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3.1 million (▼ 83% vs 2024). Source: NBB ↗
- Juleste Consulting BV stepped down as director. NBB
- Mathilo BV stepped down as director. NBB
- Crescemus BV stepped down as director. NBB
- Juleste Consulting BV became a director. NBB
- Mathilo BV became a director. NBB
- Crescemus BV became a director. NBB
- New establishment in Merelbeke-Melle. KBO
In short
From € 3.7 million profit in 2022 to € 3.1 million profit in 2025.
Best year ever: 2024, with € 18.4 million profit.
Paid out € 39 million in dividends to the owners in total.
Management
The stake of ALYCHLO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ARE²The shares are held by ALYCHLO (100%). It owns 50% of Versluys Invest itself.
Directors
According to the 2025 annual accounts
Director · represented by Nathalie Baert
Also active at: ENSO HOSPITALITY, Immobilière de la Ferme Au Chêne, Oostende Stadion, LPM Holding, CHEVAL BLANC PRODUCTIONS, SnowWorld International, Désirée Durbuy, ARE³ Development +7 more
since 2021 · until 2026
Director · represented by Els Haeck
Also active at: The Big Smile Company, Oostende Stadion, Aspen Indoor, BANN, SnowWorld International, Résidence du Sanglier, Comate Holding, Comate Ventures +4 more
since 2021 · until 2026
Director · represented by Pieter Bourgeois
Also active at: Immo Sanglier des Ardennes, Ekopak, EnergyVision, ARE³, OKU Leisure Group, Triginta, SnowWorld International, Désirée Durbuy +6 more
since 2020 · until 2026
Shareholders
100%
Participations
50%
Establishments
Establishment units
Physical locations of this company
Lembergsesteenweg 29
9820 Merelbeke-Melle
Lembergsesteenweg 19
9820 Merelbeke-Melle
Active since 16 April 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Immo Sanglier des Ardennes same network
€ 11,585 gross margin · 2025
A.H.H. VASTGOED
€ 85,446 gross margin · 2025
Oostende Stadion same network
ARE³ same network
€ 265,825 revenue · 2025
ARE³ Development same network
€ 6.3 million revenue · 2025
+2 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
- 0628.649.377
- VAT number
- BE 0628.649.377
- Registered office
- Lembergsesteenweg 29, 9820 Merelbeke-Melle
- Names & denominations
- ARE²
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 April 2015
- Peppol
- Active · Active since 5 Jun 2026