A & R Projects
ActiveSummary
For A & R Projects, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €93,026 and a net result of €8,148. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 15372 sector peers (fiscal year 2024). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability76▼-1
Solvency89▲+17
Growth32=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
63.5%
Return on assets
5.6%
Age of the figures
30 mo
raises risk · Annual accounts not filed
The financial year that closed on 31-03-2025 was due at the National Bank by 31-10-2025. Nothing is on record, 333 days later.
NBB · 10 filingsPosition against the passed deadline
31-03-2025 close31-10-2025 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 17-10-2025, 351 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
351 d late
2023
324 d late
2022
31 d late
2020
91 d late
2019
34 d late
2018
336 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 195 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€93,026▲ 14.0%
2023 · €81,607
Total assets
€146,396▼ 16.1%
2023 · €174,447
Net result
€8,148▼ 28.0%
2023 · €11,310
Working capital
-€4,923▲ 80.2%
2023 · -€24,868
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202220232024
Operating result€24,429--€371€26,894-€24,375▼ 9.4%€16,013▼ 34.3%
Net result€28,650--€78,046below the sector's middle half€10,665within the sector's middle half-€11,310within the sector's middle half▲ 6.1%€8,148below the sector's middle half▼ 28.0%
Equity€149,753-€55,355within the sector's middle half▼ 63.0%€67,026within the sector's middle half-€81,607within the sector's middle half▲ 21.8%€93,026within the sector's middle half▲ 14.0%
Total assets€253,692-€260,096within the sector's middle half▲ 2.5%€193,761within the sector's middle half-€174,447within the sector's middle half▼ 10.0%€146,396within the sector's middle half▼ 16.1%
Debt€54,879-€158,952▲ 190%€87,487-€56,862▼ 35.0%€20,663▼ 63.7%
Working capital€181,465--€108,158below the sector's middle half-€55,251below the sector's middle half--€24,868below the sector's middle half▲ 55.0%-€4,923below the sector's middle half▲ 80.2%
Solvency59.0%-21.3%below the sector's middle half▼ 37.7pp34.6%within the sector's middle half-46.8%within the sector's middle half▲ 12.2pp63.5%within the sector's middle half▲ 16.8pp
Current ratio4.69-0.32below the sector's middle half▼ 4.380.37below the sector's middle half-0.54below the sector's middle half▲ 0.170.75below the sector's middle half▲ 0.21
Return on assets (ROA)11.3%--30.0%below the sector's middle half▼ 41.3pp5.5%within the sector's middle half-6.5%within the sector's middle half▲ 1.0pp5.6%below the sector's middle half▼ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €146,396
Fixed assets
€131,449 ▼ 9.7%
Current assets
€14,947 ▼ 48.3%
Equity and liabilities €146,396
Equity
€93,026 ▲ 14.0%
Provisions
€32,707 ▼ 9.1%
Debt
€20,663 ▼ 63.7%
Debt's share of the balance-sheet total falls from 32.6% to 14.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,700▼
2023 · €42,102
Cash flow
€22,836▼
2023 · €29,037
Debt to equity
0.22▼
2023 · 0.70
ROE
8.8%▼
2023 · 13.9%
Interest coverage
52.21▲
2023 · 13.37
Debt ≤ 1 year
€19,870▼
2023 · €53,798
Debt > 1 year
€794▼
2023 · €2,743
Income taxes
€7,277▼
2023 · €10,422
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,733 | €27,514 | €17,627 | €17,727 | €14,688 | ▼ 17.1% |
| Other operating charges640/8 | - | - | €1,683 | €2,083 | €1,590 | ▼ 23.7% |
| Gross operating margin9900 | €42,259 | €29,527 | €46,204 | €44,185 | €32,290 | ▼ 26.9% |
| Operating profit (loss)9901 | €24,429 | -€371 | €26,894 | €24,375 | €16,013 | ▼ 34.3% |
| Financial income75/76B | - | - | - | €505 | €0 | ▼ 100.0% |
| Recurring financial income75 | €7,058 | €7,572 | - | €434 | €0 | ▼ 100.0% |
| Non-recurring financial income76B | - | - | - | €71 | - | - |
| Financial charges65/66B | - | - | €7,978 | €3,148 | €588 | ▼ 81.3% |
| Recurring financial charges65 | €1,531 | €2,139 | €3,020 | €3,148 | €588 | ▼ 81.3% |
| Non-recurring financial charges66B | - | - | €4,958 | - | - | - |
| Profit (loss) for the period before taxes9903 | €29,956 | -€85,694 | €18,916 | €21,732 | €15,425 | ▼ 29.0% |
| Income taxes67/77 | €1,306 | €1,974 | €8,252 | €10,422 | €7,277 | ▼ 30.2% |
| Profit (loss) for the period9904 | €28,650 | -€78,046 | €10,665 | €11,310 | €8,148 | ▼ 28.0% |
| Transfer from tax-exempt reserves789 | - | - | €9,623 | €9,623 | €9,623 | = |
| Profit (loss) for the period to be appropriated9905 | €28,650 | -€78,046 | €20,287 | €20,933 | €17,771 | ▼ 15.1% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €253,692 | €260,096 | €193,761 | €174,447 | €146,396 | ▼ 16.1% |
| Fixed assets21/28 | €23,067 | €210,140 | €161,525 | €145,517 | €131,449 | ▼ 9.7% |
| Intangible fixed assets21 | €17,500 | €18,125 | €3,125 | - | - | - |
| Tangible fixed assets22/27 | €5,567 | €192,015 | €158,400 | €145,517 | €131,449 | ▼ 9.7% |
| Land and buildings22 | - | - | €152,963 | €140,246 | €127,528 | ▼ 9.1% |
| Plant, machinery and equipment23 | - | - | €566 | €504 | €442 | ▼ 12.3% |
| Furniture and vehicles24 | - | - | €3,428 | €3,614 | €2,613 | ▼ 27.7% |
| Other tangible fixed assets26 | - | - | €1,443 | €1,154 | €866 | ▼ 25.0% |
| Current assets29/58 | €230,625 | €49,956 | €32,237 | €28,929 | €14,947 | ▼ 48.3% |
| Amounts receivable within one year40/41 | €221,876 | €38,507 | €12,908 | €7,329 | €7,537 | ▲ 2.8% |
| Trade receivables40 | - | - | €9,408 | €3,830 | €6,121 | ▲ 59.8% |
| Other amounts receivable41 | - | - | €3,499 | €3,499 | €1,417 | ▼ 59.5% |
| Current investments50/53 | €7,792 | €10,054 | €15,054 | €15,031 | €7,100 | ▼ 52.8% |
| Cash at bank and in hand54/58 | €957 | €1,395 | €4,275 | €1,340 | €310 | ▼ 76.9% |
| Deferred charges and accrued income490/1 | - | - | - | €5,229 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €253,692 | €260,096 | €193,761 | €174,447 | €146,396 | ▼ 16.1% |
| Equity10/15 | €149,753 | €55,355 | €67,026 | €81,607 | €93,026 | ▲ 14.0% |
| Contributions10/11 | €37,192 | €37,192 | €37,192 | €37,192 | €37,192 | = |
| Reserves13 | €103,081 | €96,729 | €84,025 | €77,673 | €71,322 | ▼ 8.2% |
| Non-distributable reserves130/1 | - | - | €3,719 | €3,719 | €3,719 | = |
| Reserves not available under the articles1311 | - | - | €3,719 | €3,719 | €3,719 | = |
| Tax-exempt reserves132 | - | - | €80,306 | €73,954 | €67,602 | ▼ 8.6% |
| Profit (loss) carried forward14 | €9,480 | -€78,566 | -€54,191 | -€33,258 | -€15,488 | ▲ 53.4% |
| Provisions and deferred taxes16 | €49,060 | €45,789 | €39,248 | €35,977 | €32,707 | ▼ 9.1% |
| Deferred taxes168 | - | - | €39,248 | €35,977 | €32,707 | ▼ 9.1% |
| Amounts payable17/49 | €54,879 | €158,952 | €87,487 | €56,862 | €20,663 | ▼ 63.7% |
| Amounts payable after more than one year17 | €5,719 | €453 | - | €2,743 | €794 | ▼ 71.1% |
| Financial debts170/4 | - | - | - | €2,743 | €794 | ▼ 71.1% |
| Amounts payable within one year42/48 | €49,160 | €158,114 | €87,487 | €53,798 | €19,870 | ▼ 63.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,113 | €4,952 | ▼ 39.0% |
| Financial debts43 | - | - | €3,000 | €3,910 | €3,000 | ▼ 23.3% |
| Credit institutions430/8 | - | - | €3,000 | €3,910 | €3,000 | ▼ 23.3% |
| Trade debts44 | €15,168 | €24,149 | €5,252 | €6,974 | €4,111 | ▼ 41.1% |
| Suppliers440/4 | - | - | €5,252 | €6,974 | €4,111 | ▼ 41.1% |
| Taxes, remuneration and social security45 | - | - | €13,549 | €13,050 | €1,425 | ▼ 89.1% |
| Taxes450/3 | - | - | €13,549 | €13,050 | €1,425 | ▼ 89.1% |
| Other amounts payable47/48 | - | - | €65,687 | €21,749 | €6,382 | ▼ 70.7% |
| Accrued charges and deferred income492/3 | - | - | - | €321 | - | - |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,650 | -€78,046 | €10,665 | €11,310 | €8,148 | ▼ 28.0% |
| + Depreciation and write-downs630 | €15,733 | €27,514 | €17,627 | €17,727 | €14,688 | ▼ 17.1% |
| Operating cash flow (approximation) | €44,383 | -€50,532 | €28,291 | €29,037 | €22,836 | ▼ 21.4% |
| Investment in fixed assets (approximation) | - | -€214,587 | - | -€1,720 | -€619 | ▲ 64.0% |
| Change in cash | - | €438 | - | -€2,935 | -€1,030 | ▲ 64.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
11-08
State Gazette act
Appointment: René Vyverman (non-statutory director)Registered-office move5 facts ▸
State Gazette act
Appointment: René Vyverman (non-statutory director)
Registered-office move5 facts ▸
- General meeting, 31-03-2026
- Director appointment, René Vyverman (non-statutory director)
- Registered-office move, Hemelrijk 52, 9402 Meerbeke
- Board meeting, 31-03-2026
- Director appointment, René Vyverman (day-to-day manager)
2025
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 351 days late
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 324 days late
2022
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
31-03
Financial
Back to profitnet €10,665
Net result €10,665 after one loss-making year.
2021
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 91 days late
2020
31-03
Financial
Weakest financial yearnet -€78,046
Net result drops to -€78,046, the lowest in the series; recovery starts the following year.
2019
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 336 days late
2018
08-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 128 days late
2017
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 86 days late
2015
30-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2014
26-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 56 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, 1 in day-to-day management, last change in 2014
Board 1
René Vyverman
CurrentNon-statutory director · since 30-06-2014
Day-to-day management 1
René Vyverman
CurrentDay-to-day manager · since 30-06-2014
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ninove · 1 establishment unit since 1990
Ground area
934 m²
Building footprint
104 m²
Parcel 41038A0756/00F000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
A & R Projects CVBA
since 19902.194.037.357
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41038A0756/00F000 | Flanders | 934 m² | 1 · 103 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2014, 1 in office
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| René Vyverman |
|
Articles of association
Other statement
One provision in the deed
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 260 EUR awarded · 260 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 56 EUR | 56 EUR |
| 2023 | 1 | 204 EUR | 204 EUR |
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,456 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded15-07-1987
Fiscal year end31-03
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
E-mail
rene@accountancyvyverman.be
Phone
053/67.27.21
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431647723
Also
9925:BE0431647723
Registered
27-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.