AR+
Open bankruptcyA bankruptcy procedure is open for AR+ according to publications in the Belgian State Gazette; curator: ALAIN CLEYMAN.
Summary
The 2023 annual accounts show negative equity (€-528k) and a net result of €-99k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 25-07-2024, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
6 d early
2022
on the day
2021
2 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€-528k▼ 23.0%
2022 · €-429k
2018: €817k
2019: €691k
2020: €29k
2021: €-161k
2022: €-429k
2018 → 2023
Total assets
€89k▼ 45.8%
2022 · €164k
2018: €1.24M
2019: €1.13M
2020: €261k
2021: €260k
2022: €164k
2018 → 2023
Net result
€-99k▲ 63.2%
2022 · €-268k
2018: €-322k
2019: €-125k
2020: €-663k
2021: €-190k
2022: €-268k
2018 → 2023
Working capital
€-192k▲ 18.7%
2022 · €-236k
2018: €858k
2019: €792k
2020: €122k
2021: €-35k
2022: €-236k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€691k-€29k▼ 95.9%€-161k€-429k▼ 166%€-528k▼ 23.0%
Operating result€-141k-€-670k▼ 376%€-192k▲ 71.3%€-252k▼ 30.9%€-80k▲ 68.3%
Net result€-125k-€-663k▼ 429%€-190k▲ 71.3%€-268k▼ 41.0%€-99k▲ 63.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €80k in 2023 against €252k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €89k
Fixed assets
€3k ▼ 64.5%
Current assets
€86k ▼ 44.9%
Key figures and ratios
EBITDA
€-76k▲
2022 · €-230k
Cash flow
€-94k▲
2022 · €-246k
Solvency
-594.7%▼
2022 · -262.1%
Current ratio
0.31▼
2022 · 0.40
Debt to equity
-1.17▲
2022 · -1.38
ROA
-111.1%▲
2022 · -163.6%
Interest coverage
-2.75▲
2022 · -8.27
Debt
€617k▲
2022 · €593k
Debt ≤ 1 year
€278k▼
2022 · €392k
Debt > 1 year
€339k▲
2022 · €201k
Income taxes
€68▼
2022 · €308
Staff costs
€158k▼
2022 · €216k
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 · 2023 against 2022 · 51 lines
Balance sheet
Code20222023
Assets
Total assets20/58€164k€89k▼
Fixed assets21/28€8k€3k▼
Intangible fixed assets21€1k€615▼
Tangible fixed assets22/27€7k€2k▼
Plant, machinery and equipment23€3k€271▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€156k€86k▼
Stocks and contracts in progress3€119k-
Stocks30/36€12k-
Contracts in progress37€106k-
Amounts receivable within one year40/41€32k€82k▲
Trade receivables40€29k€71k▲
Other amounts receivable41€3k€12k▲
Cash at bank and in hand54/58-€655
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€164k€89k▼
Equity10/15€-429k€-528k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-450k€-549k▼
Amounts payable17/49€593k€617k▲
Amounts payable after more than one year17€201k€339k▲
Other amounts payable178/9€201k€339k▲
Amounts payable within one year42/48€392k€278k▼
Financial debts43€230k€174k▼
Credit institutions430/8€230k€174k▼
Trade debts44€119k€92k▼
Suppliers440/4€119k€92k▼
Taxes, remuneration and social security45€43k€11k▼
Taxes450/3€31k€10k▼
Remuneration and social security454/9€12k€2k▼
Income statement
Code20222023
Non-recurring operating income76A-€22k
Remuneration, social security and pensions62€216k€158k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€4k▼
Other operating charges640/8€6k€9k▲
Non-recurring operating charges66A-€496
Gross operating margin9900€-9k€93k▲
Operating profit (loss)9901€-252k€-80k▲
Financial income75/76B€12k€9k▼
Recurring financial income75€12k€9k▼
Financial charges65/66B€28k€27k▼
Recurring financial charges65€28k€27k▼
Profit (loss) for the period before taxes9903€-268k€-99k▲
Income taxes67/77€308€68▼
Profit (loss) for the period9904€-268k€-99k▲
Profit (loss) for the period to be appropriated9905€-268k€-99k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-450k€-549k▼
Profit (loss) brought forward from the previous period14P€-182k€-450k▼
Social balance
Average headcount (FTE)90873.73.2▼
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
2024
25-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · AR+ BV GENTSE STEENWEG 31, 9160 LOKEREN · event 21-10-2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-663k
Net result drops to €-663k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
18-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lokeren · 1 establishment unit since 1987
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.
Gentse Steenweg 319160 LokerenGround area
652 m²
Parcel 46383D0416/00C002, Flanders. Linked by address, not a title deed.
1 establishment unit
Gentse Steenweg 31, 9160 Lokeren
since 19872.030.148.335
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D0416/00C002 | Flanders | 652 m² | - | - |
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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN CLEYMAN PR. JOS. CHARLOTTELAAN 71,
9100 SINT-NIKLAAS |
21-10-2024 → present |
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,370 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)
Founded02-09-1987
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43320Joinery installation
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.