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 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
62 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ARE P0108 from Gent, company number BE0793510676, closed financial year 2025 with a result of € -39,298 after tax. For that financial year ARE P0108 recorded a gross margin of € -7,899 and equity of € -61,894. Compared with financial year 2024, the result moved from € -26,596 to € -39,298. 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 18, 2025.
€ -61,894
▼ € 39,298 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -39,298
▼ 48 % more loss than in 2024
Profit after tax over the fiscal year.
€ 8,451
▲ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -65,894.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 342,000
Loans from banks and other lenders, long and short.
€ 604
▼ 86% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -11,623 | € -7,899 | ▲ € 3,723 |
| Profit after taxes | € -26,596 | € -39,298 | ▼ € 12,702 |
| Equity | € -22,596 | € -61,894 | ▼ € 39,298 |
| Total debts | € 256,072 | € 387,982 | ▲ 52% |
| Cash | € 8,391 | € 8,451 | ▲ 1% |
| Retained profit | € -26,596 | € -65,894 | ▼ € 39,298 |
| Bank debt | € 0 | € 342,000 | |
| Balance sheet total | € 233,476 | € 326,088 | ▲ 40% |
Key figures of ARE P0108, fiscal years 2024 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 ARE P0108?
What happened at ARE P0108 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 39,298. Source: NBB ↗
- Upgrade Estate Group BV BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- MVE-Consulting BV BV became a director. NBB
- Koenraad Belsack became a director. NBB
- Le Consulting BV BV became a director. NBB
In short
From € 26,596 loss in 2024 to € 39,298 loss in 2025.
A new publication or filing at ARE P0108? 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 LIMOENGROEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ARE P0108Behind ARE P0108 are Upgrade Estate Group BV BV, MVE-Consulting BV BV, Koenraad Belsack and Le Consulting BV BV. The shares are held by LIMOENGROEN (50%).
Directors
According to the 2025 annual accounts
Director · represented by Nele VAN DAMME
Also active at: WUU P0147, GRO P0130, UPGRADE ESTATE, LIMOENGROEN
since 2023
Director · represented by Maarten VANDENDRIESSCHE
Also active at: Storm 76, Storm 77, Storm 78, Storm 79, Storm 80, WUU P0147, GRO P0130
since 2022
Koenraad Belsack
Managing director
Also active at: UPGRADE ESTATE GROUP, TER DOENAERT, WESTATE, HOTEL SAINT - SAUVEUR, Timi UpKot, 10 Upkot, Gandia, Upliving Ghent - Queen +45 more
since 2022
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Amelia Earhartlaan 2 box 201
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 62 companies are registered at this address.
All companies at this address →UPGRADE ESTATE GROUP same network
€ 3 million gross margin · 2025
WESTATE same network
€ 40,264 gross margin · 2025
Timi UpKot same network
€ 643,357 gross margin · 2025
10 Upkot same network
€ 289,659 gross margin · 2025
Gandia same network
€ 43,171 gross margin · 2025
+57 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
- 0793.510.676
- VAT number
- BE 0793.510.676
- Registered office
- Amelia Earhartlaan 2 bus 201, 9051 Gent
- Names & denominations
- ARE P0108
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 November 2022
- Peppol
- Active · Active since 22 May 2025
- Activities · NACE
Productie van elektriciteit uit hernieuwbare bronnen