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 2 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2023; threshold 65 %.
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Busy address KBO
36 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
ARE Projects from Arendonk, company number BE0705973126, closed financial year 2023 with a result of € -1.2 million after tax. For that financial year ARE Projects recorded a gross margin of € 40,709 and equity of € -988,318. Compared with financial year 2022, the result moved from € 225,594 to € -1.2 million. 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 September 30, 2024.
€ -988,318
▼ € 1.2 million vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.2 million
▼ still € 225,594 profit in 2022
Profit after tax over the fiscal year.
€ 39,613
▼ 40% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1 million.
Debts at end 2023
€ 1.8 million
▲ 121% vs 2022
Loans from banks and other lenders, long and short.
€ 334,215
▲ 14% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 35,566
▼ 56% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 26,805 | € 367,252 | € 40,709 | ▼ 89% |
| Profit after taxes | € -130,658 | € 225,594 | € -1,171,894 | ▼ € 1.4 million |
| Equity | € -42,019 | € 183,576 | € -988,318 | ▼ € 1.2 million |
| Total debts | € 4,148,214 | € 4,029,233 | € 5,975,288 | ▲ 48% |
| Cash | € 140,276 | € 65,801 | € 39,613 | ▼ 40% |
| Retained profit | € -103,519 | € 122,076 | € -1,049,818 | ▼ € 1.2 million |
| Bank debt | € 868,382 | € 826,300 | € 1,827,089 | ▲ 121% |
| Balance sheet total | € 4,106,195 | € 4,212,809 | € 4,986,970 | ▲ 18% |
Key figures of ARE Projects, 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 ARE Projects?
What happened at ARE Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
ARE Projects is active according to the CBE. Legal situation: Opening faillissement.
- Create & Build BV stepped down as director. NBB
- EDCC BV stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 1.2 million (▼ € 1.4 million vs 2022). filed late Source: NBB ↗
- EB Management BV stepped down as director. NBB
- Luc Van Cauwenbergh BV stepped down as director. NBB
- New establishment in Rumst. KBO
- EB Management BV became a director. NBB
- Luc Van Cauwenbergh BV became a director. NBB
In short
From € 130,658 loss in 2021 to € 1.2 million loss in 2023.
Paid € 35,566 in corporate taxes since 2021.
Best year ever: 2022, with € 225,594 profit.
A new publication or filing at ARE Projects? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Apart Real Estate + comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ARE ProjectsThe shares are held by Apart Real Estate + (96%).
Directors
According to the 2023 annual accounts
Director · represented by Eddy Bruyninckx
Also active at: B & R, Apart Real Estate +, Bru-Invest, Bravimmo, B-AVENUE
since 2018 · until 2024
Director · represented by Philip Van Cauwenbergh
Also active at: STUYVENCATEN, Arbefa, W.F.C., COGENCY, APART Real Estate, Apart Real Estate +, H.M.P.
since 2018 · until 2024
since 2018 · until 2025
Director · represented by Ruben Devrieze
Also active at: RAOUL GAGELMANS, KRISOF, Apart Real Estate +, Foriver Invest, HANTI, VDP ICECUBES, AsterX Group
since 2018 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hoge Mauw 1510
2370 Arendonk
Tuinwijk 62 box 2
2840 Rumst
Active since 28 September 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 36 companies are registered at this address.
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Vastgoed EM
€ 516,267 gross margin · 2025
B & R same network
€ 15.6 million revenue · 2025
+31 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
- 0705.973.126
- VAT number
- BE 0705.973.126
- Registered office
- Hoge Mauw 1510, 2370 Arendonk
- Names & denominations
- ARE Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 28 September 2018
- Peppol
- Active · Active since 25 Sept 2026
- Activities · NACE
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