Result
-€1.9m -€1.9m
From profit to loss in 2025, after a profit of €200,185 in 2024.
ARE³ Development
Overview
Lifetime
6 annual accounts with figures on one time axisTurnoverpeak €6.3m (2025)
€6.3m▲ 56.5%
Resultlowest -€1.9m (2025)
-€1.9m▼ €2.1m
Equitypeak €1.2m (2020)
€1.1m▲ €1.7m
Debts
€4.0m▼ 29.4%
Board4 names since 2021
1 directorvrae BV
Owners
100%ALYCHLO
Documentsfilings and deeds
03-07-202628 days before the deadline
2025financial year
Turnover from €4.0m to €6.3mLoss of €1.9m1 director appointed, 2 resignations 02-04Equity from -€656,728 to €1.1mDebts from €5.7m to €4.0mCash from €2.5m to €769,057
Key points
from the 2025 annual accountsDebts
€4.0m 79% of the balance sheet
Financial debts 3%Suppliers 67%Taxes and wages 0%Other 30%
Of this, €2.8m falls due within a year.
Payment terms
122 days to suppliers
ARE³ Development pays its suppliers 141 days earlier than in 2024. Customers pay 12 days later.
Filings
6 annual accounts 3 late
The 2021 accounts came latest: 31 days after the end of the period.
Board
1 joined · 1 left
Board changed. Latest change 09-10-2026 · 1 in office.
Position in the sector
-€1.9m
Lower net result than 95% of companies in real estate. Sector median €20,532 · 5,810 companies.
Checked score
92
Excellent
Financially stronger than 42% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,996 companies (NACE 68, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.6%▲ +0.1 percentage points vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.6 percentage points vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €1.9m (financial year 2025)
lowers risk
Size: turnover €6.3m, total assets €5.1m
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 03-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 41% of them on solvency, 35% on liquidity, 1% on profitability and 93% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 122 companies had the same profile as ARE³ Development has now. Each dot is one company, two years later.
86.1%
were still trading
4.9%
stopped another way
6.6%
went bankrupt
Another 2.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ARE³ Development itself is lower: 0.1% within 12 months. It rests on far more data about ARE³ Development than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 122 companies, not a prediction for ARE³ Development. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €95,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.52 (1.31 in 2024), above the usual 1.5. Short-term debt is 55.1% and cash 15.1% of total assets. However, 79% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
15 days early
2023
29 days late
2022
31 days late
2021
31 days late
2020
18 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 5 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 accounts filed within 45 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
PM
Phal Management BV
Director, Laurens Puttemans
- ALYCHLO 100%equity €965.2m (2025) · 2025 annual accounts of ALYCHLO
Shares in 1 company, AU SAINT-AMOUR
Board & ownershipRecent changes
1 director appointed, 1 resignation
Resignation: Vrae BV · Permanent representatives: Frederic Teerlynck and Laurens Puttemans · Appointment: Phal Management BV · General meeting of 2026-09 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0748761410
1 director appointed, 2 resignations
Resignations: Crescemus BV and Rio Management BV · Permanent representatives: Pieter Bourgeois, Anthony Piette and Frederic Teerlynck · Appointment: Vrae BV · General meeting of 15-01-2025 · Gazette deed
1 director appointed
Rio Management BV · Permanent representatives: Anthony Piette and Nathalie Baert · General meeting of 23-05-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| ARE³ Development Merelbeke-Melle | €6.3m | -28.5% | 21.0% | - |
| Imroder Construct Sint-Martens-Latem | €6.5m | 1.4% | 48.0% | 1.1 |
| WISSELKOUTER Ghent | €4.6m | 14.1% | 36.6% | - |
| RESIDENCE ASKLEPIOS Oreye | €5.3m | -2.6% | -36.8% | - |
| RE-VIVE MINERVA DEVELOPMENT Ghent | €5.7m | -40.0% | -54.4% | - |
| Van Wellen Real Estate Development Kapellen | €2.8m | -4.0% | 76.6% | 1 |
| VLD + Wavre | €10.3m | 33.3% | 31.9% | 22.9 |
Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ARE³ Development: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €3.7m and €6.9m, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 19-06-2020Normal situation
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.306.253.8859820 Merelbeke-Melle, since 19-06-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- Turnover
- €6.3m▲ 56.5%
- Loss
- €1.9m
- Equity
- €1.1m
- Total assets
- €5.1m▲ 0.9%
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Insights on ARE³ Development
ARE³ Development has existed since 2020. The present size dates from 2024. Turnover rose that year from €189,745 to €4.0m.
Turnover has grown every year since 2022. Solvency rose in 2025 from -13.0% to 21.0% because of a capital increase and lower debts.
ALYCHLO holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
full format, filed on 03-07-2026, 28 days before the deadlineTurnover
€6.3m
▲ 56.5%
Operating result
-€1.8m
▼ €2.1m
EBITDA
-€1.7m
▼ €2.1m
Cash flow
-€1.9m
▼ €2.1m
Solvency
21.0%
▲ 34.0 percentage points
Current ratio
1.52
▲ 0.21
Money flows
of every €100 of turnover, €30.99 was lost in 2025Balance sheet
balance sheet total €5.1m on 31-12-2025What the company ownsHow it is paid for
Change in equityin €m
Change in cashin €m
Position in the sector
Solvency21.0%
Higher than 34% of 5,803 companies in 2025.
Current ratio1.52
Higher than 55% of 5,554 companies in 2025.
Return on assets-38.0%
Lower than 95% of 5,777 companies in 2025.
ARE³ Development
Middle half of the sector
80% of the sector
Full accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
Total assets20/58 |
5.1m | 5.1m | 2.6m | 2.7m | 2.7m | 1.4m | |
Fixed assets21/28 |
822,598 | 868,590 | 915,193 | 961,909 | 1.0m | - | |
Tangible fixed assets22/27 |
821,198 | 867,190 | 913,793 | 960,509 | 1.0m | - | |
Plant, machinery and equipment23 |
106 | 213 | 320 | 427 | 535 | - | |
Furniture and vehicles24 |
- | - | 175 | 464 | 753 | - | |
Other tangible fixed assets26 |
821,092 | 866,977 | 913,297 | 959,617 | 1.0m | - | |
Financial fixed assets28 |
1,400 | 1,400 | 1,400 | 1,400 | 1,400 | - | |
Other financial fixed assets284/8 |
1,400 | 1,400 | 1,400 | 1,400 | 1,400 | - | |
Amounts receivable and cash guarantees285/8 |
1,400 | 1,400 | 1,400 | 1,400 | 1,400 | - | |
Current assets29/58 |
4.3m | 4.2m | 1.7m | 1.7m | 1.7m | 1.4m | |
Stocks and contracts in progress3 |
2.2m | 996,476 | 698,598 | 164,813 | 110,917 | - | |
Stocks30/36 |
2.2m | 996,476 | 698,598 | 164,813 | 110,917 | - | |
Property held for sale35 |
2.2m | 996,476 | 698,598 | 164,813 | 110,917 | - | |
Amounts receivable within one year40/41 |
1.3m | 681,285 | 462,305 | 470,706 | 360,511 | 278,580 | |
Trade receivables40 |
1.3m | 681,285 | 400,881 | 369,325 | 267,596 | 239,580 | |
Other amounts receivable41 |
45 | - | 61,424 | 101,382 | 92,914 | 39,000 | |
Cash at bank and in hand54/58 |
769,057 | 2.5m | 544,157 | 920,689 | 1.1m | 1.1m | |
Deferred charges and accrued income490/1 |
23,366 | 22,831 | 180 | 135,285 | 135,000 | - | |
| Balance sheet: equity and liabilities | |||||||
Total equity and liabilities10/49 |
5.1m | 5.1m | 2.6m | 2.7m | 2.7m | 1.4m | |
Equity10/15 |
1.1m | -656,728 | -856,912 | 128,815 | 40,519 | 1.2m | |
Contributions10/11 |
4.9m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | |
Capital10 |
4.9m | 1.3m | 1.3m | 1.3m | 1.3m | - | |
Issued capital100 |
5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | |
Uncalled capital101 |
85,000 | 3.8m | 3.8m | 3.8m | 3.8m | 3.8m | |
Profit (loss) carried forward14 |
-3.8m | -1.9m | -2.1m | -1.1m | -1.2m | -49,846 | |
Amounts payable17/49 |
4.0m | 5.7m | 3.5m | 2.5m | 2.7m | 201,688 | |
Amounts payable after more than one year17 |
1.2m | 2.5m | 1.6m | 1.7m | 1.8m | - | |
Financial debts170/4 |
121,432 | 224,356 | 326,519 | 427,941 | 530,830 | - | |
Credit institutions173 |
121,432 | 224,356 | 326,519 | 427,941 | 530,830 | - | |
Other amounts payable178/9 |
1.1m | 2.3m | 1.3m | 1.2m | 1.2m | - | |
Amounts payable within one year42/48 |
2.8m | 3.2m | 1.7m | 764,847 | 897,027 | 201,688 | |
Current portion of amounts payable after more than one year42 |
102,925 | 102,162 | 101,422 | 100,703 | 91,697 | - | |
Trade debts44 |
2.7m | 2.7m | 1.5m | 480,187 | 611,017 | 187,338 | |
Suppliers440/4 |
2.7m | 2.7m | 1.5m | 480,187 | 611,017 | 187,338 | |
Advances received on contracts in progress46 |
- | - | - | 605 | - | - | |
Taxes, remuneration and social security45 |
7,749 | 418,556 | 105 | - | 10,960 | 14,350 | |
Taxes450/3 |
7,749 | 418,556 | 105 | - | 819 | 14,350 | |
Remuneration and social security454/9 |
- | - | - | - | 10,142 | - | |
Other amounts payable47/48 |
- | - | 117,947 | 183,352 | 183,352 | - | |
Accrued charges and deferred income492/3 |
- | - | 167,943 | 94,776 | - | - | |
| Income statement | |||||||
Operating income70/76A |
6.3m | 4.1m | 236,906 | 584,169 | 561,181 | 198,000 | |
Turnover70 |
6.3m | 4.0m | 189,745 | 101,529 | 343,966 | 198,000 | |
Other operating income74 |
88,872 | 104,456 | 47,161 | 482,640 | 46,386 | - | |
Non-recurring operating income76A |
- | - | - | - | 170,829 | - | |
Operating charges60/66A |
8.1m | 3.8m | 1.2m | 455,960 | 1.9m | 246,697 | |
Goods for resale, raw materials and consumables60 |
7.8m | 3.0m | 12,593 | - | 81,215 | - | |
Purchases600/8 |
9.0m | 3.3m | 546,377 | 53,896 | 148,550 | - | |
Change in stocks: decrease (increase)609 |
-1.2m | -297,879 | -533,785 | -53,896 | -67,335 | - | |
Services and other goods61 |
309,023 | 740,847 | 1.1m | 408,641 | 495,914 | 246,697 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
45,992 | 46,603 | 46,716 | 46,790 | 23,348 | - | |
Other operating charges640/8 |
503 | 1,446 | 11,926 | 529 | 242,508 | - | |
Non-recurring operating charges66A |
- | - | - | - | 1.1m | - | |
Operating profit (loss)9901 |
-1.8m | 334,551 | -955,932 | 128,209 | -1.3m | -48,697 | |
Financial income75/76B |
- | 1 | 51 | - | 175,282 | - | |
Recurring financial income75 |
- | 1 | 51 | - | 175,282 | - | |
Income from current assets751 |
- | - | 0 | - | 307 | - | |
Other financial income752/9 |
- | 1 | 50 | - | 174,975 | - | |
Financial charges65/66B |
156,333 | 134,367 | 29,845 | 40,021 | 17,606 | 1,149 | |
Recurring financial charges65 |
156,333 | 134,367 | 29,845 | 40,021 | 17,606 | 1,149 | |
Debt charges650 |
115,596 | - | 25,312 | 37,415 | 16,481 | 1,127 | |
Other financial charges652/9 |
40,736 | 134,367 | 4,533 | 2,606 | 1,125 | 22 | |
Profit (loss) for the period before taxes9903 |
-1.9m | 200,185 | -985,727 | 88,187 | -1.2m | -49,846 | |
Transfer from deferred taxes780 |
- | - | - | - | 16,419 | - | |
Income taxes67/77 |
- | - | 0 | -108 | -339 | - | |
Taxes670/3 |
- | - | 0 | - | - | - | |
Tax adjustments and reversals of tax provisions77 |
- | - | - | 108 | 339 | - | |
Profit (loss) for the period9904 |
-1.9m | 200,185 | -985,727 | 88,296 | -1.2m | -49,846 | |
Profit (loss) for the period to be appropriated9905 |
-1.9m | 200,185 | -985,727 | 88,296 | -1.2m | -49,846 | |
| Appropriation of the result | |||||||
Profit (loss) to be appropriated9906 |
-3.8m | -1.9m | -2.1m | -1.1m | -1.2m | -49,846 | |
Profit (loss) brought forward from the previous period14P |
-1.9m | -2.1m | -1.1m | -1.2m | -49,846 | - | |
| Document | |||||||
The notes to these accounts have 25 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 03-07-2026 | 2026-00264232 | |
| 31-12-2024 | full format | 16-07-2025 | 2025-00288186 | |
| 31-12-2023 | full format | 29-08-2024 | 2024-00416767 | |
| 31-12-2022 | full format | 31-08-2023 | 2023-00419260 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20400152 | |
| 31-12-2020 | full format | 13-07-2021 | 2021-35100031 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| EBITDA | -1.7m | 381,154 | -909,216 | 174,998 | -1.3m | - | |
| Cash flow | -1.9m | 246,787 | -939,011 | 135,086 | -1.1m | - | |
| Investment in fixed assets (approximation) | 0 | 0 | 0 | 0 | 1.9m | - | |
| Change in cash | -1.7m | 1.9m | -376,532 | -157,336 | -45,238 | - | |
| Working capital | 1.5m | 986,067 | 9,319 | 926,645 | 787,425 | 1.2m | |
| EBIT margin | -28.5% | 8.4% | - | - | - | -24.6% | |
| Solvency | 21.0% | -13.0% | -32.7% | 4.9% | 1.5% | 85.6% | |
| Current ratio | 1.52 | 1.31 | 1.01 | 2.21 | 1.88 | 6.95 | |
| Quick ratio | 0.73 | 1.00 | 0.59 | 2.00 | 1.75 | 6.95 | |
| Debt to equity | 3.77 | - | - | 19.60 | 65.47 | 0.17 | |
| ROE | -180.9% | - | - | 68.5% | - | -4.2% | |
| ROA | -38.0% | 4.0% | -37.6% | 3.3% | -43.1% | -3.6% | |
| Interest coverage | -15.01 | 2.84 | -35.92 | 4.68 | -79.53 | - | |
| Customer credit | 74 days | 62 days | 771 days | 1328 days | 284 days | 442 days | |
| Supplier credit | 122 days | 263 days | 475 days | 429 days | 386 days | 277 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Revenue breakdown
By activity 2021
- Verkopen en doorfacturaties €228,83066.5%
- Management en dienstverlening €96,00027.9%
- Verhuring handelsfonds €19,1365.6%
Total €343,966
Source: 2021 accounts, page 21, filing 2022-20400152
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €1.8m |
| Intangible fixed assets | - | - | - | - | €87,680 |
| Depreciation and write-downs of the year | €45,992 | €46,603 | €46,716 | €46,790 | €23,348 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on ARE³ Development
The operating result for 2025 is a loss of €1.8m, after a profit of €334,551 in 2024. It is the lowest result since 2020.
Debt's share of the balance-sheet total is 79.0%.
Board & ownership
Board
1 director, last change in October 2026Phal Management BV
Director, permanent representative Laurens Puttemans
appointed by deed of 09-10-2026
6-year term from 2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “2.De algemene vergadering benoemt, met unanimiteit van stemmen Vrae BV, met zetel te 9840 De Pinte, Seypenstein 12 vertegenwoordigd door…”deed of 02-04-2025
Permanent representatives 1
Mandates through the years
4 names, the dashed line is todayBoardEarlierRest of the termmandate already running before its first mention
Mandates as a list
- Phal Management BV
- Director, appointed by deed of 09-10-2026, still in office
- vrae BV
- Director, from before 31-12-2024 to 09-10-2026
- CRESCEMUS BV
- Director, until 15-01-2025
- Board, until 15-01-2025
- Rio Management
- Director, from before 31-12-2021 to 15-01-2025
Control
100%
This company
ARE³ Development
Equity €1.1m
Loss €1.9m in 2025
Capital
- Capital
- €4,915,000
- Shares
- 500,000
- Contribution per share
- €9.83
- Equity per share
- €2.14 in 2025
- Source
- 2025 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
Source: parent in its own accounts, lists of holdings in the owners' accounts
Network & group
Group
ALYCHLO has 38 holdings in 5 countries (2025 accounts)Belgium 33 Year Equity Result
- BE ARE3 Development 2025€1.1m result -€1.9m (2025)
- BE Banqup Group17.73% 2024€256.8m result €37.3m (2024)
- BE EnergyVision12.27% 2025€134.8m result €7.3m (2025)
- BE Perennitas30.75% 2026€73.5m result €7.8m (2026)
- BE OKU Leisure Group50% 2025€70.4m result -€1.2m (2025)
- BE Are²99.99% 2025€57.0m result €3.1m (2025)
- BE Lizy Group16.44% 2025€54.0m result -€46,393 (2025)
- BE SDA Group98.79% 2025€52.0m result -€3,843 (2025)
- BE Mylecke Management, Art & Invest 2025€38.6m result -€1.5m (2025)
- BE Ekopak56.56% 2025€30.3m result -€18.2m (2025)
- BE WP Real Estate20.84% 2025€20.1m result -€71,480 (2025)
- BE SDA holding18.31% 2025€19.0m result €1.5m (2025)
- BE Padelworld53.95% 2025€12.5m result -€278,896 (2025)
- BE Are³99.99% 2025€11.1m result -€382,315 (2025)
- BE Comate Holding76.96% 2025€10.5m result €215,007 (2025)
- BE La Reserve Invest50% 2024€7.3m result -€899,658 (2024)
- BE RSC Anderlecht56.6% 2025€5.2m result €109,593 (2025)
- BE The Hotel Hunters 2025€4.4m result -€590,549 (2025)
- BE Witte Paard Events49.34% 2025€4.4m result €165,750 (2025)
- BE NHWY 2025€4.2m result -€59,291 (2025)
- BE Xelsia Capital50% 2025€3.3m result -€15,241 (2025)
- BE WP Hotels & Events49% 2025€2.3m result -€1.4m (2025)
- BE Urban Gardens50% 2025€1.3m result €216,261 (2025)
- BE AS2 2025€1.2m result -€172,973 (2025)
- BE WPRE Services50% 2025€2,698 result -€68,333 (2025)
- BE H4PE Oracle 2025-€9,509 result -€9,521 (2025)
- BE Kamacoucka 2025-€105,551 result -€1,267 (2025)
- BE Bann50% 2025-€435,399 result €210 (2025)
- BE La Reserve Management50% 2024-€951,319 result -€1.4m (2024)
- BE miDiagnostics31.78% 2025-€10.6m result -€12.6m (2025)
- BE Oostende Stadion 2025-€13.7m result -€828,999 (2025)
- BE Alyrick50% - result -
- BE ZouteCoucke - result -
Europe 5 Year Equity Result
- NL SnowWorld97.36% 2025€38.3m result €275,000 (2025)
- LU H4I Klein Fort99% 2025€33.6m result -€1.3m (2025)
- GB Animalcare Group plc22.61% 2025GBP 114.5m result GBP 10.9m (2025)
- CH Sophia Genetics10.5% 2025USD 47.1m result -USD 79.0m (2025)
- NL SnowWorld TopCo - result -
Source: list of holdings in the 2025 accounts of ALYCHLO. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
Part of the group ALYCHLO Group, risk and exposureAt the same address
Lembergsesteenweg 29, 9820 Merelbeke-Melle · 7 other companies| ARE²
registered office since 16-04-2015 · founded in 2015 · group ALYCHLO |
total assets €75.1m (2025) 0628.649.377 |
| ARE³
registered office since 19-01-2016 · founded in 2016 · group ALYCHLO |
total assets €50.7m (2025) 0646.738.194 |
| Oostende Stadion
registered office since 29-05-2015 · founded in 2015 · negative equity (2025) · group ALYCHLO |
total assets €21.3m (2025) 0630.938.577 |
| A.H.H. VASTGOED
registered office since 28-06-2001 · founded in 2001 · group ALYCHLO |
total assets €890,649 (2025) 0475.117.678 |
| Immo Sanglier des Ardennes
registered office since 22-04-1997 · founded in 1997 · group ALYCHLO |
total assets €735,847 (2025) 0460.538.875 |
| Merleau Construct
registered office since 20-04-2026 |
founded in 2026 1037.083.022 |
| Merleau Land
registered office since 20-04-2026 |
founded in 2026 1037.083.121 |
Earlier ties
| La Réserve Management via Rio Management, at ARE³ Development until 2025 · Director · deed of 11-08-2022 founded in 2011 · negative equity (2024) · accounts filed late |
74 FTE (2024) |
| DUMA SPORTS via Rio Management, at ARE³ Development until 2025 · Director · deed of 19-10-2022 founded in 2020 · negative equity (2025) · group ALYCHLO |
22 FTE (2025) |
| CAVALLI via Rio Management, at ARE³ Development until 2025 · Director · deed of 18-01-2022 founded in 2022 · negative equity (2025) |
4.4 FTE (2025) |
| Corner House via Rio Management, at ARE³ Development until 2025 · Director · deed of 20-03-2023 founded in 2023 · negative equity (2025) |
3.3 FTE (2025) |
| ARE³ via Rio Management, at ARE³ Development until 2025 · Director · deed of 29-10-2021 founded in 2016 · group ALYCHLO |
total assets €50.7m (2025) |
| PADELWORLD via Rio Management, at ARE³ Development until 2025 · Class A director · deed of 26-07-2022 founded in 2021 · group ALYCHLO |
3.5 FTE (2025) |
Show 12 more earlier ties
| WP Real Estate via Rio Management, at ARE³ Development until 2025 · Class B director · deed of 15-06-2023 founded in 2023 |
total assets €20.1m (2025) |
| Real Estate Durbuy via Rio Management, at ARE³ Development until 2025 · Director (not named in the articles) · deed of 14-02-2024 founded in 2024 |
total assets €12.7m (2025) |
| FM-A INVEST via Rio Management, at ARE³ Development until 2025 · Director · deed of 20-05-2026 founded in 1997 · group Monument Assurance Belgium |
total assets €11.8m (2025) |
| Arenal Immo Holding via Rio Management, at ARE³ Development until 2025 · Director · deed of 27-09-2024 founded in 2024 · group ALYCHLO |
total assets €4.3m (2025) |
| LEDAP via Rio Management, at ARE³ Development until 2025 · Director · deed of 28-10-2022 founded in 2014 · group ALYCHLO |
14 FTE (2025) |
| RIANT SEJOUR via Rio Management, at ARE³ Development until 2025 · Managing director · deed of 13-07-2022 founded in 1975 |
total assets €1.7m (2025) |
| STOETEL via Rio Management, at ARE³ Development until 2025 · Director · deed of 22-08-2022 founded in 2020 · group ALYCHLO |
8.7 FTE (2025) |
| Résidence du Sanglier via Rio Management, at ARE³ Development until 2025 · Class A director · deed of 21-10-2025 founded in 2020 |
total assets €871,571 (2025) |
| Brucargo Logistics via Rio Management, at ARE³ Development until 2025 · Director · deed of 29-04-2026 |
founded in 2026 |
| Grumpie via Rio Management, at ARE³ Development until 2025 · Director · deed of 28-10-2022 No longer active |
9.7 FTE (2022) |
| Niezel via Rio Management, at ARE³ Development until 2025 · Director · deed of 28-10-2022 No longer active |
4.7 FTE (2022) |
| Lanto via Rio Management, at ARE³ Development until 2025 · Director · deed of 20-10-2022 No longer active |
2.9 FTE (2022) |
Holdings and subsidiaries
1 holdingHoldings 1
- AU SAINT-AMOURsubsidiarySourcedeed 11-01-2022100%
Acquisitions and mergers
1 transactionTook over:AU SAINT-AMOUR
Connections & network
This company
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Timeline
Timeline
17 events since 2020Board
Capital
Filings
Financial
Establishments
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
1 director appointed, 1 resignationResignation: Vrae BV · Permanent representatives: Frederic Teerlynck and Laurens Puttemans · Appointment: Phal Management BV · General meeting of 2026-095 points ▸
- General meeting, 2026-09
- Director resignation, Vrae BV
- Permanent representative, Frederic Teerlynck
- Director appointment, Phal Management BV
- Permanent representative, Laurens Puttemans
Annual accounts 2025 filed NBBfull format · 28 days before the deadline
2025
Weakest financial year net -€1.9m The net result drops to -€1.9m, the lowest from 2020 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0748761410
Annual accounts 2024 filed PDFfull format · 15 days before the deadline
1 director appointed, 2 resignationsResignations: Crescemus BV and Rio Management BV · Permanent representatives: Pieter Bourgeois, Anthony Piette and Frederic Teerlynck · Appointment: Vrae BV · General meeting of 15-01-20257 points ▸
- General meeting, 15-01-2025
- Director resignation, Crescemus BV, mentioned twice in the deed
- Director resignation, Rio Management BV
- Permanent representative, Pieter Bourgeois
- Permanent representative, Anthony Piette
- Director appointment, Vrae BV
- Permanent representative, Frederic Teerlynck
2024
Back to profit net €200,185 The net result is €200,185, after one loss-making year.
Annual accounts 2023 filed PDFfull format · 29 days late
2023
Annual accounts 2022 filed PDFfull format · 31 days late
2022
Back to profit net €88,296 The net result is €88,296, after 2 loss-making years.
1 director appointedRio Management BV · Permanent representatives: Anthony Piette and Nathalie Baert · General meeting of 23-05-20224 points ▸
- General meeting, 23-05-2022
- Director appointment, Rio Management BV
- Permanent representative, Anthony Piette
- Permanent representative, Nathalie Baert
Annual accounts 2021 filed PDFfull format · 31 days late
Merger: ARE³ Development takes over AU SAINT-AMOURGeneral meeting of 06-12-20211 point ▸
- General meeting, 06-12-2021
- The deed holds 1 more point.
2021
Merger proposal: Are³ Development takes over Au Saint-AmourPermanent representatives: Pieter Bourgeois, Nathalie Baert, Carl Bamelis and Wolf Vandekerckhove · Board meeting of 22-09-20219 points ▸
- Board meeting, 22-09-2021
- Board composition, Crescemus BV (director)
- Board composition, Juleste Consulting BV (director)
- Board composition, Calisco BV (director)
- Permanent representative, Pieter Bourgeois
- Permanent representative, Nathalie Baert
- Permanent representative, Carl Bamelis
- Permanent representative, Wolf Vandekerckhove
- Accounting effect, 01-07-2021
- The deed holds 7 more points.
Annual accounts 2020 filed PDFfull format · 18 days before the deadline
2020
Incorporation PDFpublished on 23-06-2020
First establishment Lembergsesteenweg 29, Merelbeke-Melle
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0748.761.410
- VAT number
- BE 0748.761.410
- Peppol ID
- 0208:0748761410
- Legal form
- Public limited company
- Status
- Active, normal situation
- Founded
- 19-06-2020
- Financial year
- ends on 31 December
- Peppol
- Reachable since 18-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- ARE³ Development in Dutch
- Name in the Peppol Directory
- ARE3 Development
- Entity type
- Legal entity
Activities
NACEBEL 202568121
Development of residential building projects main activity
Codes under NACEBEL 2008
41101
Real estate development main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het aanleggen, het oordeelkundig beheer en het uitbreiden van een onroerend vermogen; Alle verrichtingen met betrekking tot onroerende…”deed of 04-10-2021 (in Dutch)
10 activities
- Het aanleggen, het oordeelkundig beheer en het uitbreiden van een onroerend vermogen;
- Alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, leasen, verkavelen, prospecteren, ontwikkelen en uitbaten van onroerende goederen;
- Het laten uitvoeren en coördineren van alle werken met het oog op het verkavelen en bouwrijp maken van gronden;
- Het laten uitvoeren en coördineren van alle werken om gebouwen op te richten, renoveren, verbouwen en te onderhouden;
- Alle studies, operaties en adviezen van financiële, technische, commerciële of administratieve aard met betrekking tot alle onroerende goederen en rechten en met betrekking tot alle roerende goederen en rechten welke daaruit voortvloeien, zoals de aankoop, de bouw, de verbouwing, de aanpassing, de huur en onderhuur, de ruiling, de verkoop en, in het algemeen, alle operaties die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, voor zichzelf of voor anderen, van alle bebouwde of onbebouwde onroerende elgendommen;
- Het beheren en uitbaten van een toerisme-activiteit, zowel voor eigen rekening als voor rekening van derden, hieronder dient verstaan te worden: het huren en verhuren van vakantiewoningen; hotelreservaties en de aankoop en verkoop van hotelaccommodaties; het bouwen, verkopen, verhuren en uitbaten van vakantieparken;
- Het aanleggen, het oordeelkundig beheer en het uitbreiden van een roerend vermogen;
- Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen of vennootschappen, het stimuleren, de planning, de coördinatie, de ontwikkeling, de financiering van en de investering in rechtspersonen en ondernemingen, waarin ze een participatie aanhoudt;
- Het toestaan of aangaan van leningen of financieringen aan of van rechtspersonen en ondernemingen of particulieren, onder om het even welke vorm. In dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten, behalve die wettelijk voorbehouden zijn aan kredietinstellingen of andere gereglementeerde instellingen;
- Het waarnemen van alle bestuursopdrachten en opdrachten van vereffenaars, het uitvoeren van opdrachten en functies alsmede het verlenen van technische, administratieve en financiële bijstand aan vennootschappen, ondernemingen of andere.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Lembergsesteenweg 29 registered office 9820 Merelbeke-Melle | 19-06-2020 | 2.306.253.885 |
Buildings and parcels at the address
- Ground area
- 289 m²
- Buildings
- 289 m²
- Volume, LiDAR
- 1,668 m³
- Tallest building
- 9.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44412C0015/00F000 | 289 m² | 1 · 289 m² | 9.8 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0748.761.410