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AREÔS

Active Public limited companyfounded 2003active for 23 yearsKunstschildersweg 5B, 9840 Nazareth-De PinteKBO/BCE: BE 0860.136.612 subsidiary of Hermeias

Lifetime

19 annual accounts with figures on one time axis, 21 filings since 2004
peak €4.4m (2012)
€1.2m▲ 131%
lowest -€427,396 (2024)
€187,372▲ €614,768
peak €12.1m (2023)
€8.8m▲ 1.8%
€10.7m▼ 4.6%
peak 47.1 FTE (2013)
-not published
Board5 names since 2014
2 directors and 1 other
Owners
consolidates
Documentsfilings and deeds
18-06-202643 days before the deadline
2025abbreviated format
Gross margin from €536,753 to €1.2mBack to profit: €187,372Cash from €527,830 to €2.5m

Key points

from the 2025 annual accounts

Result

€187,372 €187,372
-€427,0002024€187,0002025

Back in profit in 2025, after a loss of €427,396 in 2024.

Liquidity

4.33 was 1.17 in 2024

Short-term debts fell from €5.0m to €1.3m.

Filings

21 annual accounts since 2004
AprilJune31 JulyOctober20102020

The last five annual accounts were filed 19 to 77 days before the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 1,884 companies had the same profile as AREÔS has now. Each dot stands for 5 companies, two years later.

97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
Test of the method

The method was tested on the 497,331 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

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 1,884 companies, not a prediction for AREÔS. 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

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Signals

Board and ownership

Managing director,
Director
  • 100%equity €18.1m (2025) · 2024 annual accounts of Hermeias
  • consolidatesannual accounts 2025
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0860136612
Environmental permit granted Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen, Verbouwen en/of uitbreiden van bijgebouwen, niet-overdekte lage constructies of wijzigen van andere beperkte handelingen · Nazareth-De Pinte
Resignation: (director) Director discharge: · General meeting of 17-06-2024 · Gazette deed
Demerger: AREÔS splits off to HERMEIAS Capital decrease of €160,077.82 to €439,922.18 · Capital from €600,000 to €439,922.18 · HERMEIAS holds all the shares · General meeting of 21-06-2024 · Gazette deed
All 52 events

Official details

Source: KBO
Status
Active since 19-08-2003Normal situation
Activity
NACE 41102and 4 others
Establishment unit
2.133.534.7949840 Nazareth-De Pinte, since 12-08-2003
Financial year end
31 December
Peppol
Reachable since 21-10-2026
Company details

Annual accounts 2025

≈ €2.1mestimated
€19.8m▼ 1.9%
Filing
Filed on 18-06-2026, 43 days before the end of the filing period
Financials

Insights on AREÔS

AREÔS files the abbreviated format. That format states no turnover. The gross margin fell from €2.9m in 2006 to €1.2m in 2025.

The balance sheet grew most from 2021 to 2023 through fixed assets.

Hermeias holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about AREÔS

What is the company number of AREÔS?
The company number of AREÔS is 0860.136.612. The VAT number is the same number with BE in front: BE 0860.136.612.
Where is AREÔS based?
The registered office is at Kunstschildersweg 5B, 9840 Nazareth-De Pinte.Company details
What is the legal form of AREÔS?
AREÔS is a public limited company (NV).
When was AREÔS founded?
AREÔS was founded on 19-08-2003.
Is AREÔS still active?
Yes, AREÔS is an active enterprise in the KBO register.
How many employees does AREÔS have?
AREÔS had an average of 1.8 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
What is the turnover of AREÔS?
The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €1.2m and 1,585 comparable companies of the same size. It probably lies between €1.4m and €3.5m. It is a rough estimate.
Is AREÔS profitable?
In financial year 2025, AREÔS made a profit of €187,372.
Where can I find the annual accounts of AREÔS?
AREÔS filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of AREÔS due?
AREÔS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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