ARE Projects
Open bankruptcySummary
A bankruptcy procedure is open for ARE Projects according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2023 annual accounts show negative equity (-€988,318) and a net result of -€1.2m.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Turnhout division
- Declared bankrupt
- 26 November 2024
- Supervising judge
- Maria Dams
- Official Gazette
- 02-12-2024 (pdf) ↗search the document for 2024/146650
Curators
- Luc PlessersDe Merodelei 37, 2300 Turnhoutsecretary@eurojuris-turnhout.be
- Caroline De LepeleireDe Merodelei 37, 2300 Turnhoutsecretary@drpadvocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
30 d late
2021
30 d late
2020
17 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Development of residential building projects sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
-€988,318
2022 · €183,576
Total assets
€5.0m▲ 18.4%
2022 · €4.2m
Net result
-€1.2m
2022 · €225,594
Working capital
€860,719▼ 15.3%
2022 · €1.0m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€116,308-€169,667€24,830▼ 85.4%€363,680▲ 1,365%-€997,730
Net result-€118,818-€145,958-€130,658€225,594-€1.2m
Equity-€57,318-€88,640-€42,019€183,576-€988,318
Total assets€454,240-€2.1m▲ 370%€4.1m▲ 92.3%€4.2m▲ 2.6%€5.0m▲ 18.4%
Debt€511,559-€2.0m▲ 300%€4.1m▲ 103%€4.0m▼ 2.9%€6.0m▲ 48.3%
Working capital€69,920-€615,640▲ 780%€833,513▲ 35.4%€1.0m▲ 22.0%€860,719▼ 15.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €997,730 after €363,680 in 2022, the lowest result in the available series.
Key figures and ratios
Solvency
-19.8%▼
2022 · 4.4%
Current ratio
1.21▼
2022 · 1.32
Quick ratio
0.10▼
2022 · 0.51
Debt to equity
-6.05▼
2022 · 21.95
ROA
-23.5%▼
2022 · 5.4%
Debt ≤ 1 year
€4.1m▲
2022 · €3.2m
Debt > 1 year
€1.8m▲
2022 · €826,300
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1.0m | - |
| Other operating charges640/8 | - | - | €1,975 | €3,572 | €3,833 | ▲ 7.3% |
| Gross operating margin9900 | -€115,113 | €170,187 | €26,805 | €367,252 | €40,709 | ▼ 88.9% |
| Operating profit (loss)9901 | -€116,308 | €169,667 | €24,830 | €363,680 | -€997,730 | ▼ 374% |
| Financial income75/76B | - | - | €16,067 | €24,330 | €75,536 | ▲ 210% |
| Recurring financial income75 | €10 | €4,404 | €16,067 | €24,330 | €75,536 | ▲ 210% |
| Financial charges65/66B | - | - | €171,555 | €126,849 | €249,700 | ▲ 96.8% |
| Recurring financial charges65 | €2,520 | €18,893 | €171,555 | €126,849 | €249,700 | ▲ 96.8% |
| Profit (loss) for the period before taxes9903 | -€118,818 | €155,179 | -€130,658 | €261,160 | -€1.2m | ▼ 549% |
| Income taxes67/77 | - | €9,221 | - | €35,566 | - | - |
| Profit (loss) for the period9904 | -€118,818 | €145,958 | -€130,658 | €225,594 | -€1.2m | ▼ 619% |
| Profit (loss) for the period to be appropriated9905 | -€118,818 | €145,958 | -€130,658 | €225,594 | -€1.2m | ▼ 619% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €454,240 | €2.1m | €4.1m | €4.2m | €5.0m | ▲ 18.4% |
| Current assets29/58 | €454,240 | €2.1m | €4.1m | €4.2m | €5.0m | ▲ 18.4% |
| Stocks and contracts in progress3 | €411,788 | €1.2m | €1.9m | €2.6m | €4.6m | ▲ 76.7% |
| Contracts in progress37 | - | - | €1.9m | €2.6m | €4.6m | ▲ 76.7% |
| Amounts receivable within one year40/41 | €41,798 | €888,682 | €2.1m | €1.6m | €366,412 | ▼ 76.4% |
| Trade receivables40 | - | - | €988,192 | €332,137 | €41,034 | ▼ 87.6% |
| Other amounts receivable41 | - | - | €1.1m | €1.2m | €325,378 | ▼ 73.4% |
| Cash at bank and in hand54/58 | €654 | €25,299 | €140,276 | €65,801 | €39,613 | ▼ 39.8% |
| Deferred charges and accrued income490/1 | - | - | €816 | - | €1,862 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €454,240 | €2.1m | €4.1m | €4.2m | €5.0m | ▲ 18.4% |
| Equity10/15 | -€57,318 | €88,640 | -€42,019 | €183,576 | -€988,318 | ▼ 638% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | - | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | - | €26,150 | €26,150 | €121,150 | €6,150 | ▼ 94.9% |
| Non-distributable reserves130/1 | - | - | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | - | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | - | - | €20,000 | €115,000 | - | - |
| Profit (loss) carried forward14 | -€118,818 | €990 | -€129,669 | €926 | -€1.1m | ▼ 114,164% |
| Amounts payable17/49 | €511,559 | €2.0m | €4.1m | €4.0m | €6.0m | ▲ 48.3% |
| Amounts payable after more than one year17 | €127,000 | €527,000 | €868,382 | €826,300 | €1.8m | ▲ 121% |
| Financial debts170/4 | - | - | €868,382 | €826,300 | €1.8m | ▲ 121% |
| Amounts payable within one year42/48 | €384,320 | €1.5m | €3.3m | €3.2m | €4.1m | ▲ 29.1% |
| Trade debts44 | €27,984 | €441,547 | €533,674 | €293,079 | €334,215 | ▲ 14.0% |
| Suppliers440/4 | - | - | €533,674 | €293,079 | €334,215 | ▲ 14.0% |
| Advances received on contracts in progress46 | - | - | - | €117,991 | €193,403 | ▲ 63.9% |
| Taxes, remuneration and social security45 | - | - | €9,221 | €81,293 | €35,566 | ▼ 56.3% |
| Taxes450/3 | - | - | €9,221 | €81,293 | €35,566 | ▼ 56.3% |
| Other amounts payable47/48 | - | - | €2.7m | €2.7m | €3.6m | ▲ 31.8% |
| Accrued charges and deferred income492/3 | - | - | €7,149 | €6,601 | €21,948 | ▲ 232% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€118,818 | €145,958 | -€130,658 | €225,594 | -€1.2m | ▼ 619% |
| Operating cash flow (approximation) | -€118,818 | €145,958 | -€130,658 | €225,594 | -€1.2m | ▼ 619% |
| Change in cash | - | €24,644 | €114,977 | -€74,474 | -€26,188 | ▲ 64.8% |
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
2025
07-05
KBO administration
Address struck
Hoge Mauw 1510 Die Sitzadresse Hoge Mauw 1510 2370
Arendonk · event 07-04-2025
2024
02-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 26-11-2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€1.2m
Net result drops to -€1.2m, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Back to profitnet €225,594
Net result €225,594 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €183,576
Equity rises from -€42,019 to €183,576.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
31-12
Financial
Back to profitnet €145,958
Net result €145,958 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Arendonk · 1 establishment unit since 2018
Ground area
5,951 m²
Building footprint
719 m²
Volume, LiDAR
3,554 m³
2 parcels, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
33
companies at this address
See who is registered here
1 establishment unit
ARE Projects
since 20182.285.267.837
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13322C1203/00E000 | Flanders | 4,994 m² | 1 · 391 m² | 0.0 m |
| 11037B0470/00W004 | Flanders | 957 m² | 1 · 328 m² | 14.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | LUC PLESSERS DE MERODELEI 37, 2300 TURNHOUT- |
26-11-2024 → present |
| Curator | CAROLINE DE LEPELEIRE DE
MERODELEI 37, 2300 TURNHOUT |
26-11-2024 → present |
Structure & network
Owners and holdings
1 ownerChain of control
- Apart Real Estate +
- ARE Projects
Highest known parent: Apart Real Estate +. The sources do not say who stands above it.
Owners 1
- Apart Real Estate +parent96%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,345 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0705973126
Registered
25-09-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.