AARE
ActiveAARE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.02M and a net result of €132k. Equity is growing by ~42.9% per year across the filed fiscal years. Its solvency ranks better than 76% of 13933 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
69
/ 100
Healthy▲ +26 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▲+7
Solvency70▲+3
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.24 in 2024), and 34.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.9%
Return on assets
1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
65 d early
2023
63 d early
2022
69 d early
2021
76 d early
2020
61 d early
2019
73 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€9.02M▲ 1.5%
2024 · €8.89M
2018: €1.11M
2019: €987k
2020: €1.18M
2021: €1.13M
2022: €2.99M
2023: €2.97M
2024: €8.89M
2018 → 2025
Total assets
€13.69M▲ 10.8%
2024 · €12.36M
2018: €5.30M
2019: €4.45M
2020: €3.83M
2021: €3.34M
2022: €7.82M
2023: €6.77M
2024: €12.36M
2018 → 2025
Net result
€132k
2024 · €-287k
2018: €820k
2019: €-126k
2020: €193k
2021: €-47k
2022: €1.86M
2023: €-21k
2024: €-287k
2018 → 2025
Working capital
€-416k▲ 13.4%
2024 · €-481k
2018: €693k
2019: €248k
2020: €204k
2021: €71k
2022: €-140k
2023: €-460k
2024: €-481k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.13M-€2.99M▲ 164%€2.97M▼ 0.7%€8.89M▲ 199%€9.02M▲ 1.5%
Operating result€526k-€2.47M▲ 369%€32k▼ 98.7%€-245k€-185k▲ 24.3%
Net result€-47k-€1.86M€-21k€-287k▼ 1,260%€132k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €185k in 2025 against €245k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.69M
Fixed assets
€12.91M▲ 5.8%
Current assets
€776k▲ 420%
Equity and liabilities €13.69M
Equity
€9.02M▲ 1.5%
Provisions
€504k▼ 4.3%
Debt
€4.17M▲ 41.6%
The debt ratio rises from 23.8% to 30.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€421k▲
2024 · €341k
Cash flow
€738k▲
2024 · €299k
Solvency
65.9%▼
2024 · 71.9%
Current ratio
0.65▲
2024 · 0.24
Quick ratio
0.65▲
2024 · 0.24
Debt / equity
0.46▲
2024 · 0.33
ROE
1.5%▲
2024 · -3.2%
ROA
1.0%▲
2024 · -2.3%
Interest coverage
5.33▼
2024 · 5.61
Debt
€4.17M▲
2024 · €2.94M
Debt ≤ 1 year
€1.19M▲
2024 · €630k
Debt > 1 year
€2.81M▲
2024 · €2.15M
Income taxes
€155k▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€12.36M€13.69M▲
Fixed assets21/28€12.21M€12.91M▲
Tangible fixed assets22/27€12.21M€12.91M▲
Land and buildings22€12.20M€12.87M▲
Other tangible fixed assets26€3k€2k▼
Assets under construction and advance payments27-€42k
Current assets29/58€149k€776k▲
Amounts receivable within one year40/41-€643k
Trade receivables40-€79k
Other amounts receivable41-€564k
Cash at bank and in hand54/58€149k€133k▼
Equity and liabilities
Total equity and liabilities10/49€12.36M€13.69M▲
Equity10/15€8.89M€9.02M▲
Contributions10/11€1.17M€1.17M=
Capital10€1.17M€1.17M=
Issued capital100€1.17M€1.17M=
Revaluation surpluses12€5.92M€5.64M▼
Reserves13€1.92M€2.14M▲
Non-distributable reserves130/1€54k€58k▲
Legal reserve130€54k€58k▲
Tax-exempt reserves132€1.58M€1.51M▼
Distributable reserves133€284k€569k▲
Profit (loss) carried forward14€-124k€73k▲
Provisions and deferred taxes16€526k€504k▼
Deferred taxes168€526k€504k▼
Amounts payable17/49€2.94M€4.17M▲
Amounts payable after more than one year17€2.15M€2.81M▲
Financial debts170/4€2.15M€2.81M▲
Amounts payable within one year42/48€630k€1.19M▲
Current portion of amounts payable after more than one year42€298k€389k▲
Financial debts43-€430k
Credit institutions430/8-€430k
Trade debts44€19k€100k▲
Suppliers440/4€19k€100k▲
Taxes, remuneration and social security45€4k-
Taxes450/3€4k-
Other amounts payable47/48€308k€273k▼
Accrued charges and deferred income492/3€159k€161k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€586k€606k▲
Other operating charges640/8€25k€24k▼
Gross operating margin9900€366k€445k▲
Operating profit (loss)9901€-245k€-185k▲
Financial income75/76B€1€529k▲
Recurring financial income75€1€5▲
Non-recurring financial income76B-€529k
Financial charges65/66B€61k€79k▲
Recurring financial charges65€61k€79k▲
Profit (loss) for the period before taxes9903€-305k€265k▲
Transfer from deferred taxes780€19k€23k▲
Income taxes67/77€0€155k▲
Profit (loss) for the period9904€-287k€132k▲
Transfer from tax-exempt reserves789€56k€68k▲
Profit (loss) for the period to be appropriated9905€-231k€201k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-124k€76k▲
Profit (loss) brought forward from the previous period14P€107k€-124k▼
Transfer to equity691/2-€4k
To the legal reserve6920-€4k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €132k
Net result €132k after 2 loss-making years.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-287k
Net result drops to €-287k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €5MEq €8.89M ▲199%
Equity rises from €2.97M to €8.89M.
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €1.86M
Net result €1.86M after one loss-making year.
31-12
Financial
Equity above €2MEq €2.99M ▲164%
Equity rises from €1.13M to €2.99M.
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €193k
Net result €193k after one loss-making year.
31-12
Financial
Equity above €1MEq €1.18M ▲19.6%
Equity rises from €987k to €1.18M.
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Asse · 1 establishment unit since 1991
Ground area
4,363 m²
Building footprint
2,138 m²
Volume, LiDAR
14,159 m³
Parcel 23041A0023/00R002, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
W.B.J.-INVEST NV
since 19912.130.696.357
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23041A0023/00R002 | Flanders | 4,363 m² | 1 · 2,138 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
KONTICH LEASEHOLD
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BAUMA
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Meyers Handelsonderneming
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Aartselaar · Eq €9.06M
PAEPSEM
BE 0450.972.301
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CAPITAL PROJECTS
BE 0872.062.959
Knokke-Heist · Eq €8.97M
Of 11,979 companies in sector 68203 we hold annual accounts for 5,949. 1,987 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-06-1991
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.