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 1.4% (low).
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Signals
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)
History
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Financials · fiscal year 2025, micro schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 1,037 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,037 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €331 | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3,200 | €0 | - | - | - |
| Other operating charges640/8 | €402 | €405 | €448 | €451 | €465 | ▲ 3.2% |
| Non-recurring operating charges66A | €25 | €0 | €469 | €0 | - | - |
| Gross operating margin9900 | -€1,343 | -€2,311 | -€5,366 | -€1,314 | -€2,169 | ▼ 65.1% |
| Operating profit (loss)9901 | -€1,771 | -€5,916 | -€6,283 | -€1,765 | -€2,634 | ▼ 49.3% |
| Financial income75/76B | €1,008 | €924 | €4,246 | €1,179 | €1,169 | ▼ 0.8% |
| Recurring financial income75 | €1,008 | €924 | €4,246 | €1,179 | €1,169 | ▼ 0.8% |
| Financial charges65/66B | €117 | €2,116 | €828 | €142 | €164 | ▲ 15.8% |
| Recurring financial charges65 | €117 | €2,116 | €828 | €142 | €164 | ▲ 15.8% |
| Profit (loss) for the period before taxes9903 | -€879 | -€7,108 | -€2,865 | -€727 | -€1,629 | ▼ 124% |
| Income taxes67/77 | €2,859 | €2,780 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€3,738 | -€9,888 | -€2,865 | -€727 | -€1,629 | ▼ 124% |
| Profit (loss) for the period to be appropriated9905 | -€3,738 | -€9,888 | -€2,865 | -€727 | -€1,629 | ▼ 124% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,479 | €73,844 | €74,237 | €73,653 | €73,814 | ▲ 0.2% |
| Current assets29/58 | €74,479 | €73,844 | €74,237 | €73,653 | €73,814 | ▲ 0.2% |
| Amounts receivable after more than one year29 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Other amounts receivable291 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Amounts receivable within one year40/41 | €3,600 | €2,276 | €3,831 | €3,388 | €3,813 | ▲ 12.5% |
| Trade receivables40 | €3,600 | €450 | €242 | €0 | - | - |
| Other amounts receivable41 | €0 | €1,826 | €3,589 | €3,388 | €3,813 | ▲ 12.5% |
| Cash at bank and in hand54/58 | €879 | €1,567 | €406 | €265 | €1 | ▼ 99.7% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,479 | €73,844 | €74,237 | €73,653 | €73,814 | ▲ 0.2% |
| Equity10/15 | €15,799 | €5,911 | €3,046 | €2,319 | €690 | ▼ 70.3% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €1,539 | -€8,349 | -€11,214 | -€11,941 | -€13,570 | ▼ 13.6% |
| Amounts payable17/49 | €58,680 | €67,932 | €71,191 | €71,334 | €73,124 | ▲ 2.5% |
| Amounts payable within one year42/48 | €58,332 | €67,585 | €70,459 | €70,909 | €72,725 | ▲ 2.6% |
| Financial debts43 | - | - | - | - | €293 | - |
| Credit institutions430/8 | - | - | - | - | €293 | - |
| Trade debts44 | €321 | €4,093 | €3,406 | €124 | €0 | ▼ 100% |
| Suppliers440/4 | €321 | €4,093 | €3,406 | €124 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €6,896 | €2,887 | €66 | €0 | €40 | - |
| Taxes450/3 | €6,896 | €2,887 | €66 | €0 | €40 | - |
| Other amounts payable47/48 | €51,115 | €60,604 | €66,987 | €70,785 | €72,392 | ▲ 2.3% |
| Accrued charges and deferred income492/3 | €348 | €348 | €732 | €425 | €400 | ▼ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,738 | -€9,888 | -€2,865 | -€727 | -€1,629 | ▼ 124% |
| Operating cash flow (approximation) | -€3,738 | -€9,888 | -€2,865 | -€727 | -€1,629 | ▼ 124% |
| Change in cash | - | €688 | -€1,161 | -€141 | -€264 | ▼ 87.6% |
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
08-09
State Gazette act
Legal-form change · MiscellaneousDeclaration · Dissolution · Merger5 facts ▸
- General meeting, 01-09-2026
- Declaration, renonciation à l'état comptable, patrimoine social n'a pas connu d'évolution significative depuis la fin de l'exercice écoulé
- Dissolution, dissolution sans liquidation, dissolution sans liquidation
- Declaration, propriété intellectuelle et immobilière, n'est propriétaire d'aucun droit de propriété intellectuelle ni d'aucun droit de propriété immobilière, ni d'aucun droi…
- Merger, fusion-absorption, article 12:57 du Code des sociétés et des associations
15-05
State Gazette act
RestructuringMerger · Capital · Accounting effect6 facts ▸
- Merger, 27-03-2026, 01-01-2026
- Capital, €18.600
- Capital, €18.600
- Accounting effect, 01-01-2026
- Other statement, droits attribués aux actionnaires à droits spéciaux et titulaires de titres autres que les actions, 2.3
- Other statement, avantage particulier attribué aux membres des organes d'administration des sociétés appelées à fusionner, 2.4
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25049C0279/00E000 | Wallonia | 377 m² | 1 · 82 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Articles of association
Full purpose (3 activities)
- Pour compte propre,pour compte de tiers,ou en participation avec des tiers,toutes opérations relatives au management et au conseil au sens le plus large de ces termes
- Pour compte propre ou participation avec des tiers,toutes opérations immobilières,ainsi que toutes opérations d'acquisition,de conservation,de vente,ou de mise en valeur de mobiliers ou d'œuvres d'art
- Pour compte propre ou en participation avec des tiers,toutes opérations relatives à l'exploitation d'une chambre d'hôte ou la location de maisons de vacances
Structure & network
Owners and holdings
1 ownerChain of control
- SPIRIT OF « D »
- ARGAGA
Highest known parent: SPIRIT OF « D ». The sources do not say who stands above it.
Owners 1
- SPIRIT OF « D »parent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Acquisitions and mergers
1 transactionCapital and shareholders
- 15-05-2026 Capital stated in the act · 18,600 EUR · 120 shares
Company details
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 1 October 2026 · Peppol Directory
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