ARE³ Development
ActiveARE³ Development has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.07M and a net result of €-1.94M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-51
Solvency46▲+34
Growth55▼-17
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.31 in 2024; short-term debt: 55.1% and cash: 15.1% of total assets), but 79% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
28 d early
2024
15 d early
2023
29 d late
2022
31 d late
2021
31 d late
2020
18 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€6.25M▲ 56.5%
2024 · €4.00M
2020: €198k
2021: €344k
2022: €102k
2023: €190k
2024: €4.00M
2020 → 2025
EBIT margin
-28.5%▼ 36.9pp
2024 · 8.4%
2020: -24.6%
2021: -387.8%
2022: 126.3%
2023: -503.8%
2024: 8.4%
2020 → 2025
Net result
€-1.94M
2024 · €200k
2020: €-50k
2021: €-1.16M
2022: €88k
2023: €-986k
2024: €200k
2020 → 2025
Working capital
€1.47M▲ 48.9%
2024 · €986k
2020: €1.20M
2021: €787k
2022: €927k
2023: €9k
2024: €986k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€344k-€102k▼ 70.5%€190k▲ 86.9%€4.00M▲ 2,006%€6.25M▲ 56.5%
Equity€41k-€129k▲ 218%€-857k€-657k▲ 23.4%€1.07M
Operating result€-1.33M-€128k€-956k€335k€-1.78M
Net result€-1.16M-€88k€-986k€200k€-1.94M
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1.78M after €335k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.10M
Fixed assets
€823k▼ 5.3%
Current assets
€4.28M▲ 2.2%
Equity and liabilities €5.10M
Equity
€1.07M
Debt
€4.03M
Debt finances 79.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€-1.74M▼
2024 · €381k
Cash flow
€-1.89M▼
2024 · €247k
Solvency
21.0%▲
2024 · -13.0%
Current ratio
1.52▲
2024 · 1.31
Quick ratio
0.73▼
2024 · 1.00
Debt / equity
3.77▲
2024 · -8.70
ROE
-180.9%
ROA
-38.0%▼
2024 · 4.0%
Interest coverage
-15.01▼
2024 · 2.84
Debt
€4.03M▼
2024 · €5.71M
Debt ≤ 1 year
€2.81M▼
2024 · €3.20M
Debt > 1 year
€1.22M▼
2024 · €2.51M
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€5.06M€5.10M▲
Fixed assets21/28€869k€823k▼
Tangible fixed assets22/27€867k€821k▼
Plant, machinery and equipment23€213€106▼
Other tangible fixed assets26€867k€821k▼
Financial fixed assets28€1k€1k=
Other financial fixed assets284/8€1k€1k=
Amounts receivable and cash guarantees285/8€1k€1k=
Current assets29/58€4.19M€4.28M▲
Stocks and contracts in progress3€996k€2.22M▲
Stocks30/36€996k€2.22M▲
Property held for sale35€996k€2.22M▲
Amounts receivable within one year40/41€681k€1.27M▲
Trade receivables40€681k€1.27M▲
Other amounts receivable41-€45
Cash at bank and in hand54/58€2.49M€769k▼
Deferred charges and accrued income490/1€23k€23k▲
Equity and liabilities
Total equity and liabilities10/49€5.06M€5.10M▲
Equity10/15€-657k€1.07M▲
Contributions10/11€1.25M€4.92M▲
Capital10€1.25M€4.92M▲
Issued capital100€5.00M€5.00M=
Uncalled capital101€3.75M€85k▼
Profit (loss) carried forward14€-1.91M€-3.84M▼
Amounts payable17/49€5.71M€4.03M▼
Amounts payable after more than one year17€2.51M€1.22M▼
Financial debts170/4€224k€121k▼
Credit institutions173€224k€121k▼
Other amounts payable178/9€2.29M€1.10M▼
Amounts payable within one year42/48€3.20M€2.81M▼
Current portion of amounts payable after more than one year42€102k€103k▲
Trade debts44€2.68M€2.70M▲
Suppliers440/4€2.68M€2.70M▲
Taxes, remuneration and social security45€419k€8k▼
Taxes450/3€419k€8k▼
Income statement
Code20242025
Operating income70/76A€4.10M€6.34M▲
Turnover70€4.00M€6.25M▲
Other operating income74€104k€89k▼
Operating charges60/66A€3.77M€8.12M▲
Goods for resale, raw materials and consumables60€2.98M€7.77M▲
Purchases600/8€3.27M€8.99M▲
Change in stocks: decrease (increase)609€-298k€-1.22M▼
Services and other goods61€741k€309k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€46k▼
Other operating charges640/8€1k€503▼
Operating profit (loss)9901€335k€-1.78M▼
Financial income75/76B€1-
Recurring financial income75€1-
Other financial income752/9€1-
Financial charges65/66B€134k€156k▲
Recurring financial charges65€134k€156k▲
Debt charges650-€116k
Other financial charges652/9€134k€41k▼
Profit (loss) for the period before taxes9903€200k€-1.94M▼
Profit (loss) for the period9904€200k€-1.94M▼
Profit (loss) for the period to be appropriated9905€200k€-1.94M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.91M€-3.84M▼
Profit (loss) brought forward from the previous period14P€-2.11M€-1.91M▲
The notes to these accounts (25 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-1.94M ▼1068%
Net result drops to €-1.94M, the lowest in the series.
31-12
Financial
Equity above €1MEq €1.07M
Equity rises from €-657k to €1.07M.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €200k
Net result €200k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €88k
Net result €88k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €129k ▲218%
Equity rises from €41k to €129k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Merelbeke-Melle · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lembergsesteenweg 299820 Merelbeke-MelleGround area
289 m²
Building footprint
289 m²
Volume, LiDAR
1,668 m³
Parcel 44412C0015/00F000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARE³ Development
since 20202.306.253.885
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412C0015/00F000 | Flanders | 289 m² | 1 · 289 m² | 9.8 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.
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CURON
BE 0821.439.253
Geel · Eq €1.07M
3 A PROJECTEN
BE 0831.188.149
Gent · Eq €1.07M
OLÉANDRIS
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Sint-Gillis (bij-Brussel) · Eq €1.07M
Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 3,827 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-06-2020
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.