Summary
ARG IMMO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €43,835 and a net result of €13,552. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 15% of 9872 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9872 sector peers (2024).
NBB · sector comparisonPosition among 9872 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
41 d early
2022
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 42 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€43,835▲ 40.8%
2023 · €31,141
Net result
€13,552▲ 171%
2023 · €5,008
Total assets
€405,480▲ 3.3%
2023 · €392,572
Solvency
10.8%▲ 2.9pp
2023 · 7.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€4,693-€3,266▼ 30.4%€22,014▲ 574%
Net result-€521below the sector's middle half-€5,008within the sector's middle half€13,552within the sector's middle half▲ 171%
Equity€30,419below the sector's middle half-€31,141below the sector's middle half▲ 2.4%€43,835within the sector's middle half▲ 40.8%
Total assets€131,302within the sector's middle half-€392,572within the sector's middle half▲ 199%€405,480within the sector's middle half▲ 3.3%
Debt€100,884-€361,431▲ 258%€361,645▲ 0.1%
Working capital€17,960within the sector's middle half--€54,307below the sector's middle half-€31,962below the sector's middle half▲ 41.1%
Solvency23.2%below the sector's middle half-7.9%below the sector's middle half▼ 15.2pp10.8%below the sector's middle half▲ 2.9pp
Current ratio1.92within the sector's middle half-0.19below the sector's middle half▼ 1.730.39below the sector's middle half▲ 0.20
Return on assets (ROA)-0.4%below the sector's middle half-1.3%within the sector's middle half▲ 1.7pp3.3%within the sector's middle half▲ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 574% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €405,480
Fixed assets
€384,961 ▲ 1.3%
Current assets
€20,519 ▲ 61.7%
Equity and liabilities €405,480
Equity
€43,835 ▲ 40.8%
Debt
€361,645 ▲ 0.1%
Debt's share of the balance-sheet total falls from 92.1% to 89.2%. Equity and debt are higher.
Key figures and ratios
ROE
30.9%▲
2023 · 16.1%
Debt ≤ 1 year
€52,481▼
2023 · €66,995
Debt > 1 year
€309,164▲
2023 · €294,436
Income taxes
€0▼
2023 · €2,278
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,546 | €5,653 | €15,869 | ▲ 181% |
| Other operating charges640/8 | €3,975 | €533 | €146 | ▼ 72.6% |
| Gross operating margin9900 | €15,214 | €9,452 | €38,028 | ▲ 302% |
| Operating profit (loss)9901 | €4,693 | €3,266 | €22,014 | ▲ 574% |
| Financial income75/76B | €91 | €12,902 | €4,303 | ▼ 66.6% |
| Recurring financial income75 | €91 | €12,902 | €4,303 | ▼ 66.6% |
| Financial charges65/66B | €3,037 | €8,882 | €12,764 | ▲ 43.7% |
| Recurring financial charges65 | €3,037 | €8,882 | €12,764 | ▲ 43.7% |
| Profit (loss) for the period before taxes9903 | €1,746 | €7,286 | €13,552 | ▲ 86.0% |
| Income taxes67/77 | €2,267 | €2,278 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€521 | €5,008 | €13,552 | ▲ 171% |
| Profit (loss) for the period to be appropriated9905 | -€521 | €5,008 | €13,552 | ▲ 171% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €131,302 | €392,572 | €405,480 | ▲ 3.3% |
| Fixed assets21/28 | €93,817 | €379,884 | €384,961 | ▲ 1.3% |
| Tangible fixed assets22/27 | €86,237 | €372,304 | €377,381 | ▲ 1.4% |
| Land and buildings22 | €68,768 | €79,880 | €357,376 | ▲ 347% |
| Plant, machinery and equipment23 | - | - | €10,995 | - |
| Leasing and similar rights25 | €17,470 | €13,240 | €9,010 | ▼ 31.9% |
| Assets under construction and advance payments27 | - | €279,185 | €0 | ▼ 100% |
| Financial fixed assets28 | €7,580 | €7,580 | €7,580 | = |
| Current assets29/58 | €37,485 | €12,688 | €20,519 | ▲ 61.7% |
| Amounts receivable within one year40/41 | €9,249 | €7,487 | €19,890 | ▲ 166% |
| Trade receivables40 | €9,249 | €2,991 | €18,340 | ▲ 513% |
| Other amounts receivable41 | - | €4,496 | €1,550 | ▼ 65.5% |
| Cash at bank and in hand54/58 | €25,936 | €5,201 | €617 | ▼ 88.1% |
| Deferred charges and accrued income490/1 | €2,300 | €0 | €13 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €131,302 | €392,572 | €405,480 | ▲ 3.3% |
| Equity10/15 | €30,419 | €31,141 | €43,835 | ▲ 40.8% |
| Contributions10/11 | €30,940 | €30,940 | €30,940 | = |
| Reserves13 | - | - | €12,500 | - |
| Distributable reserves133 | - | - | €12,500 | - |
| Profit (loss) carried forward14 | -€521 | €201 | €395 | ▲ 96.2% |
| Amounts payable17/49 | €100,884 | €361,431 | €361,645 | ▲ 0.1% |
| Amounts payable after more than one year17 | €81,359 | €294,436 | €309,164 | ▲ 5.0% |
| Financial debts170/4 | €81,359 | €294,436 | €274,664 | ▼ 6.7% |
| Other amounts payable178/9 | - | - | €34,500 | - |
| Amounts payable within one year42/48 | €19,525 | €66,995 | €52,481 | ▼ 21.7% |
| Current portion of amounts payable after more than one year42 | €4,077 | €19,015 | €19,773 | ▲ 4.0% |
| Trade debts44 | €455 | €332 | €913 | ▲ 175% |
| Suppliers440/4 | €455 | €332 | €913 | ▲ 175% |
| Taxes, remuneration and social security45 | €4,189 | €6,732 | €8,574 | ▲ 27.4% |
| Taxes450/3 | €4,189 | €6,292 | €6,374 | ▲ 1.3% |
| Remuneration and social security454/9 | - | €440 | €2,200 | ▲ 400% |
| Other amounts payable47/48 | €10,803 | €40,916 | €23,221 | ▼ 43.2% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€521 | €5,008 | €13,552 | ▲ 171% |
| + Depreciation and write-downs630 | €6,546 | €5,653 | €15,869 | ▲ 181% |
| Operating cash flow (approximation) | €6,025 | €10,661 | €29,421 | ▲ 176% |
| Investment in fixed assets (approximation) | - | -€291,720 | -€20,945 | ▲ 92.8% |
| Change in cash | - | -€20,735 | -€4,584 | ▲ 77.9% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €13,552 ▲171%
Operating result €22,014, net result €13,552, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €5,008
Net result €5,008 after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Fléron · 1 establishment unit since 2021
Ground area
355 m²
Building footprint
110 m²
Parcel 62084C0136/00V003, Wallonia. Linked by address, not a title deed.
1 establishment unit
ARG IMMO
since 20212.326.301.312
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62084C0136/00V003 | Wallonia | 355 m² | 1 · 109 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of ARG IMMO and those 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 24,729 companies in sector 64210 we hold annual accounts for 19,799. 10,006 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0772622816
Registered
19-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.