Arez
Open bankruptcySummary
A bankruptcy procedure is open for Arez according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €674k and a net result of €-63k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 22-11-2024, 845 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
845 d late
2020
185 d late
2019
216 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€674k▼ 8.5%
2020 · €737k
2018: €354k
2019: €475k
2020: €737k
2018 → 2021
Total assets
€1.57M▼ 4.2%
2020 · €1.63M
2018: €733k
2019: €921k
2020: €1.63M
2018 → 2021
Net result
€-63k
2020 · €262k
2018: €185k
2019: €121k
2020: €262k
2018 → 2021
Working capital
€523k▼ 24.9%
2020 · €696k
2018: €303k
2019: €393k
2020: €696k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€354k-€475k▲ 34.3%€737k▲ 55.0%€674k▼ 8.5%
Operating result€246k-€161k▼ 34.6%€283k▲ 76.4%€26k▼ 90.9%
Net result€185k-€121k▼ 34.3%€262k▲ 116%€-63k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 91% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.57M
Fixed assets
€155k ▼ 13.6%
Current assets
€1.41M ▼ 3.1%
Equity and liabilities €1.57M
Equity
€674k ▼ 8.5%
Debt
€892k ▼ 0.7%
Debt's share of the balance-sheet total rises from 54.9% to 56.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€66k▼
2020 · €302k
Cash flow
€-23k▼
2020 · €281k
Current ratio
1.59▼
2020 · 1.92
Debt to equity
1.32
ROE
-9.4%▼
2020 · 35.5%
ROA
-4.1%▼
2020 · 16.0%
Interest coverage
1.59
Debt ≤ 1 year
€889k▲
2020 · €760k
Income taxes
€108k▲
2020 · €94k
Staff costs
€515k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 50 lines
Balance sheet
Code20202021
Assets
Total assets20/58€1.63M€1.57M▼
Fixed assets21/28€179k€155k▼
Tangible fixed assets22/27€178k€154k▼
Plant, machinery and equipment23-€6k
Furniture and vehicles24-€114k
Other tangible fixed assets26-€34k
Financial fixed assets28€550€550=
Current assets29/58€1.46M€1.41M▼
Amounts receivable after more than one year29-€725k
Other amounts receivable291-€725k
Amounts receivable within one year40/41€730k€667k▼
Trade receivables40-€270k
Other amounts receivable41-€398k
Cash at bank and in hand54/58€322€11k▲
Deferred charges and accrued income490/1-€8k
Equity and liabilities
Total equity and liabilities10/49€1.63M€1.57M▼
Equity10/15€737k€674k▼
Contributions10/11-€6k
Reserves13€732k€668k▼
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€666k
Profit (loss) carried forward14€-967-
Amounts payable17/49€898k€892k▼
Amounts payable within one year42/48€760k€889k▲
Trade debts44€49k€71k▲
Suppliers440/4-€71k
Taxes, remuneration and social security45-€817k
Taxes450/3-€696k
Remuneration and social security454/9-€122k
Accrued charges and deferred income492/3-€3k
Income statement
Code20202021
Remuneration, social security and pensions62-€515k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€40k▲
Other operating charges640/8-€25k
Non-recurring operating charges66A-€5k
Gross operating margin9900€776k€610k▼
Operating profit (loss)9901€283k€26k▼
Financial income75/76B-€60k
Recurring financial income75€83k€60k▼
Financial charges65/66B-€41k
Recurring financial charges65€10k€41k▲
Profit (loss) for the period before taxes9903€356k€44k▼
Income taxes67/77€94k€108k▲
Profit (loss) for the period9904€262k€-63k▼
Profit (loss) for the period to be appropriated9905€262k€-63k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-63k
Transfer from equity791/2-€63k
Transfer to equity691/2-€0
To other reserves6921-€0
Social balance
Average headcount (FTE)9087-12.7
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
02-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · AREZ BV HERENTALSE STEENWEG 89A/K3, 2280 GROBBENDONK · event 23-12-2025
2024
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 845 days late
04-09
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · AREZ BVBA SLACHTHUISLAAN 78, 2060 ANTWERPEN 6 · event 29-08-2024
31-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · AREZ BVBA SLACHTHUIS- LAAN 78, 2060 ANTWERPEN 6 · event 25-07-2024
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 185 days late
2021
31-12
Financial
Weakest financial yearnet €-63k ▼124%
Net result drops to €-63k, the lowest in the series.
04-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 216 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 559 days late
2020
31-12
Financial
Highest result since 2018net €262k ▲116%
Operating result €283k, net result €262k, both a record.
31-12
Financial
Equity above €500kEq €737k ▲55%
3 profitable years in a row build equity to €737k.
2019
09-08
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · AREZ BVBA VIIDE-OLYMPIADELAAN 17, 2020 ANTWERPEN 2 · event 06-08-2019
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 318 days late
Show earlier events
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 234 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
08-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 343 days late
2015
17-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 290 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Grobbendonk · 1 establishment unit since 2012
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.
Herentalse steenweg 89A2280 GrobbendonkGround area
4,048 m²
Building footprint
2,443 m²
Volume, LiDAR
7,998 m³
Parcel 13010E0195/00S002, Flanders · tallest building 20.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Arez
since 20122.208.845.693
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13010E0195/00S002 | Flanders | 4,048 m² | 1 · 2,443 m² | 20.6 m · 1 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN HEYLEN VLAKKE VELDEN 1, 2270 HERENT-
HOUT |
23-12-2025 → present |
| Curator | GREGORY BRUNEEL MUSEUMSTRAAT 31-33,
2000 ANTWERPEN 1 |
25-07-2024 → 29-08-2024 |
Similar companies · same sector, comparable size
L&D Foodpartner
BE 0768.656.308
Evergem · Eq €676k
Howden Maintenance Partners Belgium
BE 0414.445.663
Beveren-Kruibeke-Zwijndrecht · Eq €678k
Agricotrac ND
BE 0750.952.125
Hotton · Eq €679k
Aerts LMB
BE 0751.715.851
Hoogstraten · Eq €670k
PYCKOBELLO
BE 0749.721.512
Heuvelland · Eq €680k
Of 3,713 companies in sector 33120 we hold annual accounts for 1,342. 826 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.