Financials
- Fiscal year
- 2025
- Total assets
- €73,814
- Loss
- -€1,629
- Solvency
- 0.9%
Total assets▲ 0.2%
Net result
20182025
ARGAGA
ActiveSummary
The annual accounts of ARGAGA for fiscal year 2025 show a net loss of 70% of the equity at the start of that year. The 2025 annual accounts show equity of €690 and a net result of -€1,629. Equity is shrinking by ~44.7% per year across the filed fiscal years. The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Overview
What they do
Activity not known1 site
How big
€73,814total assets 2025
- Equity
- €690
- Loss
- -€1,629
Turnover not published (abridged schema)
Who decides
- Parent
- SPIRIT OF « D » · 100%
Accounts filed 25 d late2 of 3 deeds read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- No main activity registered- Liquidity: current ratio 1.01, cash €1, halved+ Size: total assets €73,814+ Founded in 2012Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 12% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
26-2
equity 0.9% of total assets
Liquidity
0=
short-term debt 98.5% · cash 0.0%
Profitability
32-3
return on assets -2.2%
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Size: total assets €73,814 lowers the probability for this profile
- Founded in 2012 lowers the probability for this profile
- No main activity registered raises the probability
- Liquidity: current ratio 1.01, cash €1, halved raises the probability
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.01 against 1.04 in 2024; short-term debt: 98.5% and cash: 0% of total assets), and 99.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 16%, liquidity 2%, profitability 22%, growth against the median 6%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
on the day
2023
26 d late
2022
35 d early
2021
3 d early
2020
18 d late
2019
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 13 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Legal-form change · MiscellaneousDeclaration · Dissolution · Merger
- Annual accounts filedfiscal year 2025 · micro…
- RestructuringMerger · Capital · Accounting…
Key points
By topic
Board & ownership
- Parent
- SPIRIT OF « D… · 100%
Network & group
- Mergers and contributions
- 1
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 08-09-2026Legal-form change · Miscellaneous
- 25-08-2026Annual accounts filed
- 15-05-2026Restructuring
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 21-06-2012
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
Articles of association
- Provisions read
- 4
- Purpose
- Pour compte propre,pour compte de tiers,ou en participation avec des tiers,toutes…
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