What does ARE-MSC do?

ARE-MSC is a property company in Liège. Public Limited, started on 15 July 2022, 1 establishment.

What is the address of ARE-MSC?

The registered office of ARE-MSC is located at Rue des Guillemins 139 box 9, 4000 Liège.

Is ARE-MSC still active?

Yes. According to the CBE (30 October 2026) ARE-MSC is active, legal situation “Normale toestand”, started on 15 July 2022.

Is ARE-MSC registered on Peppol?

Yes, ARE-MSC is registered on the Peppol network with ID 0208:0788642464.

What is the enterprise number of ARE-MSC?

The enterprise number of ARE-MSC is BE0788642464.

When was ARE-MSC founded?

ARE-MSC was founded on 15 July 2022.

Who are the directors of ARE-MSC?

According to the 2025 annual accounts, the directors of ARE-MSC are: Ardent Invest SA, Emmanuel Mewissen.

Is ARE-MSC a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 July 2022; 3 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did ARE-MSC make in 2025?

ARE-MSC posted a profit after taxes of € 12,080 in financial year 2025.

What is the revenue of ARE-MSC?

As a small company, ARE-MSC is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 158,420.

ARE-MSC (Public Limited) - Liège - BE0788642464

Dossier ARE-MSC, printed on 30 October 2026 from databakkes.be/en/0788642464/are-msc. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

75 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

ARE-MSC from Liège, company number BE0788642464, closed financial year 2025 with a result of € 12,080 after tax. For that financial year ARE-MSC recorded a gross margin of € 158,420 and equity of € 291,373. Compared with financial year 2024, the result moved from € 9,291 to € 12,080. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.

What it is worth Growing

€ 291,373

▲ 4% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 12,080

▲ 30% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 57,624

▲ € 53,609 vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € -58,627.

Debts at end 2025

Bank debt ≈ 12 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.4 million

▼ 8% vs 2024

€ 114,748 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.

Owed to suppliers

€ 4,954

▲ 115% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Key figures per fiscal year Download key figures (CSV)
	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 192,805 Gross margin 2023: € 192,805 First fiscal year in the series	€ 156,212 Gross margin 2024: € 156,212 ▼ 19% vs 2023 (€ 192,805) Unfavourable step	€ 158,420 Gross margin 2025: € 158,420 ▲ 1% vs 2024 (€ 156,212) Favourable step	▲ 1%
Profit after taxes	€ -79,998 Profit after taxes 2023: € -79,998 First fiscal year in the series	€ 9,291 Profit after taxes 2024: € 9,291 ▲ € 89,289 vs 2023 (€ -79,998) Favourable step	€ 12,080 Profit after taxes 2025: € 12,080 ▲ 30% vs 2024 (€ 9,291) Favourable step	▲ 30%
Equity	€ 270,002 Equity 2023: € 270,002 First fiscal year in the series	€ 279,293 Equity 2024: € 279,293 ▲ 3% vs 2023 (€ 270,002) Favourable step	€ 291,373 Equity 2025: € 291,373 ▲ 4% vs 2024 (€ 279,293) Favourable step	▲ 4%
Total debts	€ 1,623,039 Total debts 2023: € 1,623,039 First fiscal year in the series	€ 1,528,846 Total debts 2024: € 1,528,846 ▼ 6% vs 2023 (€ 1,623,039) Favourable step	€ 1,508,685 Total debts 2025: € 1,508,685 ▼ 1% vs 2024 (€ 1,528,846) Favourable step	▼ 1%
Cash	€ 23,783 Cash 2023: € 23,783 First fiscal year in the series	€ 4,016 Cash 2024: € 4,016 ▼ 83% vs 2023 (€ 23,783) Unfavourable step	€ 57,624 Cash 2025: € 57,624 ▲ € 53,609 vs 2024 (€ 4,016) Favourable step	▲ € 53,609
Land & buildings	€ 1,855,205 Land & buildings 2023: € 1,855,205 First fiscal year in the series	€ 1,789,822 Land & buildings 2024: € 1,789,822 ▼ 4% vs 2023 (€ 1,855,205) Unchanged	€ 1,724,439 Land & buildings 2025: € 1,724,439 ▼ 4% vs 2024 (€ 1,789,822) Unchanged	▼ 4%
Retained profit	€ -79,998 Retained profit 2023: € -79,998 First fiscal year in the series	€ -70,707 Retained profit 2024: € -70,707 ▲ € 9,291 vs 2023 (€ -79,998) Favourable step	€ -58,627 Retained profit 2025: € -58,627 ▲ € 12,080 vs 2024 (€ -70,707) Favourable step	▲ € 12,080
Bank debt	€ 1,606,483 Bank debt 2023: € 1,606,483 First fiscal year in the series	€ 1,491,735 Bank debt 2024: € 1,491,735 ▼ 7% vs 2023 (€ 1,606,483) Favourable step	€ 1,376,987 Bank debt 2025: € 1,376,987 ▼ 8% vs 2024 (€ 1,491,735) Favourable step	▼ 8%
Balance sheet total	€ 1,893,041 Balance sheet total 2023: € 1,893,041 First fiscal year in the series	€ 1,808,139 Balance sheet total 2024: € 1,808,139 ▼ 4% vs 2023 (€ 1,893,041) Unchanged	€ 1,800,058 Balance sheet total 2025: € 1,800,058 Unchanged (€ 1,808,139) Unchanged

Key figures of ARE-MSC, fiscal years 2023 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 ARE-MSC?

What happened at ARE-MSC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2032 Ardent Invest SA stepped down as director. NBB
2032 Emmanuel Mewissen stepped down as director. NBB
Jul 27, 2026 New annual accounts for financial year 2025: profit of € 12,080 (▲ 30% vs 2024). Source: NBB ↗
2026 Ardent Invest SA became a director. NBB
2026 Emmanuel Mewissen became a director. NBB
Jul 15, 2022 New establishment in Liège. KBO
Jul 15, 2022 Start of the company according to the CBE. KBO

In short

From € 79,998 loss in 2023 to € 12,080 profit in 2025.

Best year ever: 2025, with € 12,080 profit.

Original PDFs at the National Bank ↗

Management

IMMO CIRCUS WALLONIE 80.3%

The stake of IMMO CIRCUS WALLONIE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

ARE-MSC

The shares are held by IMMO CIRCUS WALLONIE (80.3%).

Directors

According to the 2025 annual accounts

Ardent Invest SA

Director · represented by Nicolas Léonard

Also active at: TILKIN SPORTS, FABY, BODSON - TROUPIN - SERVICE, D.A. GESTION, IMMO CIRCUS WALLONIE, GUILLEMINS REAL ESTATE, R-GROUP Holding, WE INVEST REAL ESTATE +32 more

since 2026 · until 2032

Emmanuel Mewissen

Director

Also active at: TILKIN SPORTS, GESTION LOISIRS, FABY, BODSON - TROUPIN - SERVICE, D.A. GESTION, IMMORECA, IMMOBILIERE CHEVREFEUILLE, IMMO CIRCUS WALLONIE +28 more

since 2026 · until 2032

Shareholders

IMMO CIRCUS WALLONIE

80.3%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rue des Guillemins 139 box 9

4000 Liège

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 75 companies are registered at this address.

All companies at this address →

Marché couvert de Battice

€ 367,913 gross margin · 2025

Association Royale des Médecins diplômés de l'Université de Liège

TILKIN SPORTS same network

€ -19,715 gross margin · 2025

Immobilière européenne

€ 72,516 gross margin · 2025

GESTION LOISIRS same network

€ -9,609 gross margin · 2025

+70 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: 0788.642.464
VAT number: BE 0788.642.464
Registered office: Rue des Guillemins 139 bus 9, 4000 Liège
Names & denominations: ARE-MSC
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 15 July 2022
Peppol: Active · Active since 1 Jan 2001
Contact: [email protected] +3242321952
Activities · NACE: Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

View on CBE Public ↗ Annual accounts (NBB) ↗