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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
ARE from Wortegem-Petegem, company number BE0845464470, closed financial year 2025 with a result of € -130,480 after tax. For that financial year ARE recorded a gross margin of € 150,710 and equity of € 2 million. Compared with financial year 2024, the result moved from € 7,386 to € -130,480. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 2 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -130,480
▼ still € 7,386 profit in 2024
Profit after tax over the fiscal year.
€ 87,417
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.9 million.
Debts at end 2025
€ 8.3 million
▲ 16% vs 2024
€ 22,861 is repaid this year. At this pace the long-term loan is gone in ≈ 365 years.
€ 316
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 488,213 | € 517,914 | € 447,319 | € 150,710 | ▼ 66% |
| Profit after taxes | € 256,289 | € 146,444 | € 7,386 | € -130,480 | ▼ € 137,865 |
| Equity | € 1,943,277 | € 2,089,721 | € 2,097,107 | € 1,966,627 | ▼ 6% |
| Total debts | € 7,907,894 | € 9,083,704 | € 8,788,925 | € 8,351,624 | ▼ 5% |
| Cash | € 270,136 | € 141,350 | € 231,447 | € 87,417 | ▼ 62% |
| Land & buildings | € 97,800 | € 97,800 | € 97,800 | € 97,800 | |
| Retained profit | € 1,898,277 | € 2,044,721 | € 2,052,107 | € 1,921,627 | ▼ 6% |
| Bank debt | € 6,057,455 | € 7,365,846 | € 7,185,662 | € 8,342,526 | ▲ 16% |
| Balance sheet total | € 9,851,171 | € 11,173,426 | € 10,886,032 | € 10,318,251 | ▼ 5% |
Key figures of ARE, 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 ARE?
What happened at ARE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 130,480 (▼ € 137,865 vs 2024). filed late Source: NBB ↗
- TESSIMMO BV became a director. NBB
- BERNALITH BV became a director. NBB
- BAUWIES BV became a director. NBB
- New establishment in Wortegem-Petegem. KBO
- Start of the company according to the CBE. KBO
- DE CORDIER BOUWONDERNEMING BV became a director. NBB
In short
From € 256,289 profit in 2022 to € 130,480 loss in 2025.
Paid € 138,558 in corporate taxes since 2022.
Best year ever: 2022, with € 256,289 profit.
A new publication or filing at ARE? 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 BAUWIES, DE CORDIER BOUWONDERNEMING, Bernalith comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AREBehind ARE are BAUWIES BV, DE CORDIER BOUWONDERNEMING BV, BERNALITH BV and TESSIMMO BV. The shares are held by BAUWIES (33.3%), DE CORDIER BOUWONDERNEMING (25%) and Bernalith (25%).
Directors
According to the 2025 annual accounts
since 2018
Director · represented by Koen De Cordier
since 2012
since 2022
since 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oudenaardseweg (W.-M.) 54A
9790 Wortegem-Petegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0845.464.470
- VAT number
- BE 0845.464.470
- Registered office
- Oudenaardseweg (W.-M.) 54A, 9790 Wortegem-Petegem
- Names & denominations
- ARE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 April 2012
- Peppol
- Not registered