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ARGAYON

Active
Public limited companyfounded 198837 yrs activeParc Industriel(W-B) 21a, 1440 Braine-le-Château, BelgiumKBO/BCE: BE 0435.596.910
Summary

ARGAYON has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55.8m and a net result of €1.0m. Equity is growing by ~42.5% per year across the filed fiscal years. Its solvency ranks better than 50% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability80=
Solvency78▲+1
Growth65▲+2
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.81 in 2024; short-term debt: 6.9% and cash: 0.3% of total assets), and 47% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 37 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
53%
Return on assets
1%
Age of the figures
16 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 29-01-2026, 29 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 filings
Deviation from the deadline
2025
29 d late
2024
30 d late
2023
31 d late
2022
39 d late
2021
27 d late
2020
28 d late
2019
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today. Usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-05-2026 close29-09-2026 today31-12-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 11 October 1988, ARGAYON was incorporated.1 SOCIETE DE DISTRIBUTION was merged into the company in 2026.2 The company has filed 41 sets of annual accounts, the latest for fiscal year 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 25-09-2026
  3. 3National Bank, annual accounts 2025

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Financials · fiscal year 2025, full schema

Turnover
€1.9m▲ 11.0%
2024 · €1.7m
EBIT margin
180.6%▲ 3.7pp
2024 · 176.9%
Net result
€1.0m▼ 4.0%
2024 · €1.1m
Working capital
-€3.1m▼ 128%
2024 · -€1.4m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20212022202320242025
Turnover€1.5m▼ 10.8%€1.8m▲ 17.6%€1.2m▼ 30.4%€1.7m▲ 40.9%€1.9m▲ 11.0%
Operating result€1.7m▼ 5.2%€3.0m▲ 82.3%€1.5m▼ 49.2%€3.0m▲ 97.8%€3.4m▲ 13.3%
Net result€607,030above the sector's middle half▼ 9.4%€2.3mabove the sector's middle half▲ 274%-€1.5mbelow the sector's middle half€1.1mabove the sector's middle half€1.0mabove the sector's middle half▼ 4.0%
EBIT margin111.4%▲ 6.5pp172.7%▲ 61.3pp126.1%▼ 46.6pp176.9%▲ 50.9pp180.6%▲ 3.7pp
Equity€10.1mabove the sector's middle half▲ 6.4%€58.0mabove the sector's middle half▲ 474%€53.6mabove the sector's middle half▼ 7.5%€54.7mabove the sector's middle half▲ 2.0%€55.8mabove the sector's middle half▲ 1.9%
Total assets€68.4mabove the sector's middle half▼ 1.3%€106.7mabove the sector's middle half▲ 56.1%€102.1mabove the sector's middle half▼ 4.3%€105.2mabove the sector's middle half▲ 3.0%€105.3mabove the sector's middle half▲ 0.1%
Debt€42.6m▼ 3.2%€29.2m▼ 31.5%€29.1m▼ 0.2%€31.3m▲ 7.4%€30.5m▼ 2.3%
Working capital-€10.1mbelow the sector's middle half▼ 57.0%-€7.0mbelow the sector's middle half▲ 31.2%-€221,895below the sector's middle half▲ 96.8%-€1.4mbelow the sector's middle half▼ 516%-€3.1mbelow the sector's middle half▼ 128%
Solvency14.8%below the sector's middle half▲ 1.1pp54.3%within the sector's middle half▲ 39.5pp52.5%within the sector's middle half▼ 1.8pp52.0%within the sector's middle half▼ 0.5pp53.0%within the sector's middle half▲ 0.9pp
Current ratio0.07below the sector's middle half▼ 0.110.53below the sector's middle half▲ 0.460.97within the sector's middle half▲ 0.440.81within the sector's middle half▼ 0.160.57within the sector's middle half▼ 0.24
Return on assets (ROA)0.9%within the sector's middle half▼ 0.1pp2.1%within the sector's middle half▲ 1.2pp-1.5%below the sector's middle half▼ 3.6pp1.0%within the sector's middle half▲ 2.5pp1.0%within the sector's middle half=
Staff (FTE)1.3within the sector's middle half▲ 30.0%3.7within the sector's middle half▲ 185%5.7within the sector's middle half▲ 54.1%5.9within the sector's middle half▲ 3.5%4.8within the sector's middle half▼ 18.6%
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€2.0m€0€2.0m€4.0mOperating result 2021: €1.7m€1.7mNet result 2021: €607,030€607,030Operating result 2022: €3.0m€3.0mNet result 2022: €2.3m€2.3mOperating result 2023: €1.5m€1.5mNet result 2023: -€1.5m-€1.5mOperating result 2024: €3.0m€3.0mNet result 2024: €1.1m€1.1mOperating result 2025: €3.4m€3.4mNet result 2025: €1.0m€1.0m20212022202320242025-€2m€0€2m€4mOperating result 2023: €1.5m€1.5mNet result 2023: -€1.5m-€1.5mOperating result 2024: €3.0m€3mNet result 2024: €1.1m€1.1mOperating result 2025: €3.4m€3.4mNet result 2025: €1.0m€1m202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105.3m
Fixed assets €101.2m ▲ 1.7%
Current assets €4.1m ▼ 27.7%
Equity and liabilities €105.3m
Equity €55.8m ▲ 1.9%
Provisions €19.0m ▼ 1.1%
Debt €30.5m ▼ 2.3%
Debt's share of the balance-sheet total falls from 29.7% to 29.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5.3m▲
2024 · €4.8m
Cash flow
€2.9m▼
2024 · €2.9m
Debt to equity
0.55▼
2024 · 0.57
ROE
1.9%▼
2024 · 2.0%
Interest coverage
7.43▼
2024 · 7.76
Debt ≤ 1 year
€7.2m▲
2024 · €7.0m
Debt > 1 year
€22.7m▼
2024 · €23.4m
Income taxes
€1.0m▲
2024 · €306,570
Staff costs
€310,141▼
2024 · €356,388
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 97 lines
Balance sheet Code20242025
Assets
Total assets20/58€105.2m€105.3m▲
Formation expenses20€1,818€167▼
Fixed assets21/28€99.5m€101.2m▲
Intangible fixed assets21€16,912€12,780▼
Tangible fixed assets22/27€40.5m€41.3m▲
Land and buildings22€39.8m€40.5m▲
Plant, machinery and equipment23€332,449€404,011▲
Furniture and vehicles24€375,379€289,352▼
Leasing and similar rights25-€0
Assets under construction and advance payments27-€19,000
Financial fixed assets28€58.9m€59.9m▲
Affiliated companies280/1€58.9m€59.9m▲
Participating interests280€52.8m€52.8m=
Amounts receivable281€6.2m€7.1m▲
Other financial fixed assets284/8€8,223€8,223=
Shares284€0-
Amounts receivable and cash guarantees285/8€8,223€8,223=
Current assets29/58€5.7m€4.1m▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€1.3m€720,974▼
Trade receivables40€597,056€524,221▼
Other amounts receivable41€733,768€196,753▼
Current investments50/53€3.2m€2.9m▼
Other investments51/53€3.2m€2.9m▼
Cash at bank and in hand54/58€1.1m€316,945▼
Deferred charges and accrued income490/1€128,286€161,631▲
Equity and liabilities
Total equity and liabilities10/49€105.2m€105.3m▲
Equity10/15€54.7m€55.8m▲
Contributions10/11€1.1m€1.1m=
Capital10€1.1m€1.1m=
Issued capital100€1.1m€1.1m=
Revaluation surpluses12€22.6m€22.6m=
Reserves13€3.0m€3.8m▲
Non-distributable reserves130/1€196,143€196,143=
Legal reserve130€196,143€196,143=
Tax-exempt reserves132€2.2m€3.0m▲
Distributable reserves133€586,725€586,725=
Profit (loss) carried forward14€28.0m€28.3m▲
Provisions and deferred taxes16€19.2m€19.0m▼
Provisions for liabilities and charges160/5€19.1m€18.9m▼
Major repairs and maintenance162€82,736€75,408▼
Other liabilities and charges164/5€19.0m€18.8m▼
Deferred taxes168€110,884€103,560▼
Amounts payable17/49€31.3m€30.5m▼
Amounts payable after more than one year17€23.4m€22.7m▼
Financial debts170/4€15.2m€13.9m▼
Credit institutions173€15.1m€13.9m▼
Other loans174€94,483€46,345▼
Other amounts payable178/9€8.2m€8.7m▲
Amounts payable within one year42/48€7.0m€7.2m▲
Current portion of amounts payable after more than one year42€1.6m€1.9m▲
Financial debts43€3,627€0▼
Credit institutions430/8€3,627€0▼
Trade debts44€173,310€245,519▲
Suppliers440/4€173,310€245,519▲
Taxes, remuneration and social security45€146,203€128,506▼
Taxes450/3€99,937€82,672▼
Remuneration and social security454/9€46,266€45,834▼
Other amounts payable47/48€5.1m€5.0m▼
Accrued charges and deferred income492/3€822,257€669,989▼
Income statement Code20242025
Operating income70/76A€7.1m€7.9m▲
Turnover70€1.7m€1.9m▲
Other operating income74€5.4m€6.0m▲
Non-recurring operating income76A€1,916€0▼
Operating charges60/66A€4.1m€4.5m▲
Goods for resale, raw materials and consumables60-€10,760
Purchases600/8-€10,760
Services and other goods61€1.7m€1.8m▲
Remuneration, social security and pensions62€356,388€310,141▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.8m€1.8m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€22,860€169,973▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€197,963-€204,698▼
Other operating charges640/8€401,599€475,272▲
Non-recurring operating charges66A€18,017€43,128▲
Operating profit (loss)9901€3.0m€3.4m▲
Financial income75/76B€479,278€850,187▲
Recurring financial income75€479,278€850,187▲
Income from financial fixed assets750€461,695€836,406▲
Other financial income752/9€17,583€13,781▼
Non-recurring financial income76B€0-
Financial charges65/66B€2.1m€2.2m▲
Recurring financial charges65€2.1m€2.2m▲
Debt charges650€623,625€710,812▲
Other financial charges652/9€1.5m€1.5m▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€1.4m€2.1m▲
Transfer from deferred taxes780€10,851€7,325▼
Income taxes67/77€306,570€1.0m▲
Taxes670/3€306,570€1.0m▲
Profit (loss) for the period9904€1.1m€1.0m▼
Transfer from tax-exempt reserves789€32,552€125,214▲
Transfer to tax-exempt reserves689€505,200€884,100▲
Profit (loss) for the period to be appropriated9905€612,250€282,427▼
Appropriation of the result
Profit (loss) to be appropriated9906€28.0m€28.3m▲
Profit (loss) brought forward from the previous period14P€27.4m€28.0m▲
Social balance
Average headcount (FTE)90875.94.8▼

The notes to these accounts (78 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A-€6.2m€6.1m€7.1m€7.9m▲ 11.0%
Turnover70€1.5m€1.8m€1.2m€1.7m€1.9m▲ 11.0%
Other operating income74-€4.5m€4.8m€5.4m€6.0m▲ 11.0%
Non-recurring operating income76A--€19,956€1,916€0▼ 100%
Operating charges60/66A-€3.2m€4.5m€4.1m€4.5m▲ 9.2%
Goods for resale, raw materials and consumables60----€10,760-
Purchases600/8----€10,760-
Services and other goods61-€1.7m€1.8m€1.7m€1.8m▲ 8.0%
Remuneration, social security and pensions62-€250,925€329,848€356,388€310,141▼ 13.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83,399€1.3m€1.7m€1.8m€1.8m▲ 2.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€10,053€93,327€22,860€169,973▲ 644%
Provisions for liabilities and charges: additions (uses and reversals)635/8--€788,234-€178,654-€197,963-€204,698▼ 3.4%
Other operating charges640/8-€374,466€417,070€401,599€475,272▲ 18.3%
Non-recurring operating charges66A-€415,662€338,279€18,017€43,128▲ 139%
Operating profit (loss)9901€1.7m€3.0m€1.5m€3.0m€3.4m▲ 13.3%
Financial income75/76B-€1.3m€765,969€479,278€850,187▲ 77.4%
Recurring financial income75€336,589€1.3m€534,928€479,278€850,187▲ 77.4%
Income from financial fixed assets750-€1.3m€531,433€461,695€836,406▲ 81.2%
Other financial income752/9-€6,322€3,494€17,583€13,781▼ 21.6%
Non-recurring financial income76B--€231,042€0--
Financial charges65/66B-€1.7m€3.9m€2.1m€2.2m▲ 3.7%
Recurring financial charges65€1.3m€1.7m€1.9m€2.1m€2.2m▲ 3.7%
Debt charges650€87,729€201,374€410,865€623,625€710,812▲ 14.0%
Other financial charges652/9-€1.5m€1.5m€1.5m€1.5m▼ 0.5%
Non-recurring financial charges66B--€1.9m€0--
Profit (loss) for the period before taxes9903€734,447€2.6m-€1.6m€1.4m€2.1m▲ 50.3%
Transfer from deferred taxes780-€10,851€10,851€10,851€7,325▼ 32.5%
Income taxes67/77€127,417€371,224€3,246€306,570€1.0m▲ 240%
Taxes670/3-€371,224€3,246€306,570€1.0m▲ 240%
Profit (loss) for the period9904€607,030€2.3m-€1.5m€1.1m€1.0m▼ 4.0%
Transfer from tax-exempt reserves789-€32,552€616,392€32,552€125,214▲ 285%
Transfer to tax-exempt reserves689-€1.1m€556€505,200€884,100▲ 75.0%
Profit (loss) for the period to be appropriated9905€463,890€1.2m-€932,148€612,250€282,427▼ 53.9%
Line20212022202320242025Change
Assets
Total assets20/58€68.4m€106.7m€102.1m€105.2m€105.3m▲ 0.1%
Formation expenses20-€23,352€10,091€1,818€167▼ 90.8%
Fixed assets21/28€67.6m€98.9m€95.8m€99.5m€101.2m▲ 1.7%
Intangible fixed assets21---€16,912€12,780▼ 24.4%
Tangible fixed assets22/27€1.4m€35.4m€38.4m€40.5m€41.3m▲ 1.8%
Land and buildings22-€35.1m€37.9m€39.8m€40.5m▲ 1.8%
Plant, machinery and equipment23-€214,950€257,852€332,449€404,011▲ 21.5%
Furniture and vehicles24-€105,404€210,062€375,379€289,352▼ 22.9%
Leasing and similar rights25----€0-
Assets under construction and advance payments27----€19,000-
Financial fixed assets28€66.2m€63.5m€57.4m€58.9m€59.9m▲ 1.7%
Affiliated companies280/1-€63.5m€57.4m€58.9m€59.9m▲ 1.7%
Participating interests280-€58.7m€52.7m€52.8m€52.8m=
Amounts receivable281-€4.8m€4.7m€6.2m€7.1m▲ 15.8%
Companies linked by participating interests282/3-€0----
Participating interests282-€0----
Other financial fixed assets284/8-€16,582€15,584€8,223€8,223=
Shares284-€13,849€7,362€0--
Amounts receivable and cash guarantees285/8-€2,733€8,223€8,223€8,223=
Current assets29/58€776,332€7.8m€6.3m€5.7m€4.1m▼ 27.7%
Amounts receivable after more than one year29--€111,701€0--
Other amounts receivable291--€111,701€0--
Amounts receivable within one year40/41€387,758€1.5m€2.0m€1.3m€720,974▼ 45.8%
Trade receivables40-€565,389€517,502€597,056€524,221▼ 12.2%
Other amounts receivable41-€924,978€1.4m€733,768€196,753▼ 73.2%
Current investments50/53--€3.1m€3.2m€2.9m▼ 7.9%
Other investments51/53--€3.1m€3.2m€2.9m▼ 7.9%
Cash at bank and in hand54/58€376,139€6.3m€989,132€1.1m€316,945▼ 70.2%
Deferred charges and accrued income490/1-€80,240€111,668€128,286€161,631▲ 26.0%
Equity and liabilities
Total equity and liabilities10/49€68.4m€106.7m€102.1m€105.2m€105.3m▲ 0.1%
Equity10/15€10.1m€58.0m€53.6m€54.7m€55.8m▲ 1.9%
Contributions10/11€620,026€1.1m€1.1m€1.1m€1.1m=
Capital10-€1.1m€1.1m€1.1m€1.1m=
Issued capital100-€1.1m€1.1m€1.1m€1.1m=
Revaluation surpluses12-€24.1m€22.6m€22.6m€22.6m=
Reserves13€1.0m€2.6m€2.5m€3.0m€3.8m▲ 25.3%
Non-distributable reserves130/1-€196,143€196,143€196,143€196,143=
Legal reserve130-€196,143€196,143€196,143€196,143=
Tax-exempt reserves132-€2.4m€1.7m€2.2m€3.0m▲ 34.2%
Distributable reserves133-€2,885€586,725€586,725€586,725=
Profit (loss) carried forward14-€8.1m€30.2m€27.4m€28.0m€28.3m▲ 1.0%
Provisions and deferred taxes16€15.7m€19.6m€19.4m€19.2m€19.0m▼ 1.1%
Provisions for liabilities and charges160/5-€19.4m€19.3m€19.1m€18.9m▼ 1.1%
Major repairs and maintenance162-€94,165€94,165€82,736€75,408▼ 8.9%
Other liabilities and charges164/5-€19.3m€19.2m€19.0m€18.8m▼ 1.0%
Deferred taxes168-€132,585€121,735€110,884€103,560▼ 6.6%
Amounts payable17/49€42.6m€29.2m€29.1m€31.3m€30.5m▼ 2.3%
Amounts payable after more than one year17€31.3m€13.7m€21.9m€23.4m€22.7m▼ 3.2%
Financial debts170/4-€13.7m€14.4m€15.2m€13.9m▼ 8.4%
Credit institutions173-€13.7m€14.3m€15.1m€13.9m▼ 8.2%
Other loans174-€42,518€130,968€94,483€46,345▼ 50.9%
Other amounts payable178/9-€10,150€7.5m€8.2m€8.7m▲ 6.7%
Amounts payable within one year42/48€10.9m€14.8m€6.5m€7.0m€7.2m▲ 2.5%
Current portion of amounts payable after more than one year42-€1.1m€1.6m€1.6m€1.9m▲ 17.0%
Financial debts43-€1,110-€3,627€0▼ 100%
Credit institutions430/8-€1,110-€3,627€0▼ 100%
Trade debts44€184,723€772,455€325,172€173,310€245,519▲ 41.7%
Suppliers440/4-€772,455€325,172€173,310€245,519▲ 41.7%
Taxes, remuneration and social security45-€221,288€165,615€146,203€128,506▼ 12.1%
Taxes450/3-€159,246€96,039€99,937€82,672▼ 17.3%
Remuneration and social security454/9-€62,042€69,576€46,266€45,834▼ 0.9%
Other amounts payable47/48-€12.7m€4.4m€5.1m€5.0m▼ 2.8%
Accrued charges and deferred income492/3-€694,692€712,007€822,257€669,989▼ 18.5%
Line20212022202320242025Change
Profit (loss) for the period9904€607,030€2.3m-€1.5m€1.1m€1.0m▼ 4.0%
+ Depreciation and write-downs630€83,399€1.3m€1.7m€1.8m€1.8m▲ 2.2%
Operating cash flow (approximation)€690,429€3.5m€140,417€2.9m€2.9m▼ 0.1%
Investment in fixed assets (approximation)--€32.5m€1.3m-€5.4m-€3.5m▲ 35.1%
Change in cash-€5.9m-€5.3m€73,399-€745,586▼ 1,116%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-12-2026
2026
25-09
State Gazette act General meeting · Merger
Shareholding · Power of attorney · Real estate10 facts ▸
  • General meeting, 31-08-2026
  • Merger, fusion par absorption, unanimité
  • Shareholding
  • Power of attorney, CATTELAIN Christian Jacques Florent
  • Real estate, 6 ares 38 centiares, droit d'emphytéose
  • Real estate, pleine propriété, OTTIGNIES-LOUVAIN-LA-NEUVE
  • Other statement, plan reference, 17-08-1983
  • Other statement, plan reference, 17-08-1983
  • Other statement, fusion constatation, l'ensemble du patrimoine actif et passif de la société anonyme SOCIETE DE DISTRIBUTION est transféré à la société anonyme ARGAYON, société…
  • Power of attorney
19-08
State Gazette act Registered office · Capital & shares · Restructuring
Real estate · Merger · Accounting effect39 facts ▸
  • Real estate, 2, sous-sol
  • Real estate, 3, sous-sol
  • Real estate, 4, sous-sol
  • Real estate, 5, sous-sol
  • Real estate, 7, rez-de-chaussée
  • Real estate, 8, rez-de-chaussée
  • Real estate, 9, rez-de-chaussée
  • Real estate, 10, rez-de-chaussée
  • Real estate, 11, rez-de-chaussée
  • Real estate, 12, rez-de-chaussée
  • Real estate, 13, rez-de-chaussée
  • Real estate, 4.103, 4-1/C
  • +27 further facts in this act
02-06
State Gazette act Restructuring
Merger · Capital · Board composition11 facts ▸
  • Merger, assimilated absorption, article 183bis du CIR 92, article 211, 1° et 2° du CIR 1992
  • Capital, €1.090.068,52
  • Board composition, Christian CATTELAIN (managing director)
  • Board composition, Yves CATTELAIN (managing director)
  • Board composition, Nathalie CATTELAIN (director)
  • Board composition, Christine DUBOIS (director)
  • Capital, €61.500
  • Declaration, no special rights or other titles, aucune mesure n'est donc proposée
  • Declaration, no new shares issued, détient 100% de la SA SODI
  • Declaration, no special advantages to management, Aucun avantage particulier n'est attribué aux membres des organes d'administration des sociétés appelées à fusionner
  • Incorporation, 06-12-1973
23-03
State Gazette act Appointment: François CHALMAGNE (statutory auditor)
2 facts ▸
  • General meeting, 19/12/2025
  • Auditor appointment, François CHALMAGNE (statutory auditor)
29-01
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 29 days late
2025
30-01
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
31-05
Financial Back to profitnet €1.1m
Net result €1.1m after one loss-making year.
31-01
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-05
Financial Weakest financial yearnet -€1.5m
Net result drops to -€1.5m, the lowest in the series; recovery starts the following year.
08-02
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 39 days late
2022
31-05
Financial Highest result since 2019net €2.3m ▲274%
Net result €2.3m, the highest in the series.
31-05
Financial Equity above €50mEq €58.0m ▲474%
4 profitable years in a row build equity to €58.0m.
Show earlier events
27-01
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 27 days late
2021
31-05
Financial Equity above €10mEq €10.1m ▲6.4%
3 profitable years in a row build equity to €10.1m.
28-01
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 28 days late
2020
30-01
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 30 days late
2019
30-01
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
30-01
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2016
20-12
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
4 of 23 acts read
About the unread acts

Of the 23 Belgian State Gazette acts we know for this company, 4 have been read. The other 19 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

Statutory auditor 1

François Chalmagne
Statutory auditor · since 23-03-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Braine-le-Château · 2 establishment units since 1988
seat establishment All 2 establishment units on the map
Ground area
2.7 ha
Building footprint
1.2 ha
3 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
MANO
Parc Industriel(W-B) 21, 1440 Braine-le-ChâteauReal estate development
since 19882.040.861.192
MANO
Chaussée de Wavre, Ernage 44A, 5030 GemblouxReal estate development
since 20212.327.517.770
3 parcels
Wallonia 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25111A0681/00P002 Wallonia 2.0 ha 1 · 6,531 m² -
25111A0681/00N002 Wallonia 3,562 m² 1 · 2,405 m² -
92053A0066/00Y003 Wallonia 3,201 m² 1 · 2,664 m² -
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

1 person since 2026, 1 in office
Show
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
François Chalmagne
  • Statutory auditor, from 23-03-2026 to date
See the board, name and seat on a given date →

Articles of association

Purpose
Effectuer toute opération de courtage en valeurs immobilières, mobilières, y compris l'activité d'agent immobilier, assurer la gestion de biens immobiliers et valeurs mobilières…
Full purpose (14 activities)
  1. Effectuer toute opération de courtage en valeurs immobilières, mobilières, y compris l'activité d'agent immobilier, assurer la gestion de biens immobiliers et valeurs mobilières, intervenir en matière de conseils et réalisation en les matières économique, financière et monétaire
  2. Assurer ou coordonner la réalisation de projets immobiliers, prendre de façon permanente ou temporaire, sans en exclure le caractère spéculatif, toute participation dans toutes sortes de sociétés
  3. Acheter, échanger et vendre tout bien ou droit mobilier ou immobilier, investir à court, moyen et long terme, faire des opérations de bourse, des investissements dans des matières premières, achats et ventes sur les marchés des options
  4. Ériger ou faire ériger des immeubles, les aménager ou faire aménager; prendre ou donner des immeubles en location; faire tous travaux en vue de les rendre rentables; lotir des terrains, créer la voirie nécessaire; contracter tous contrats de leasing; prendre ou donner des droits d'emphytéose ou de superficie
  5. Exécuter toutes transactions et négociations commerciales, industrielles et financières des biens mobiliers et immobiliers qui ont, soit un rapport total ou partiel, soit un rapport direct ou indirect avec son but
  6. La contribution, en nom propre, pour compte de tiers ou en participation avec ceux-ci, à l'établissement et au développement de sociétés
  7. L'acquisition par voie de souscription ou d'achat d'actions ou parts, d'obligations, de bons de caisse ou d'autres valeurs mobilières, quelle que soit leur nature, de sociétés belges ou étrangères, existantes ou à constituer, ainsi que la gestion de ces valeurs
  8. L'octroi de prêts et de crédits à ses sociétés ou des personnes privées, sous quelque forme que ce soit; dans le cadre de cette activité, elle pourra se porter caution ou donner son aval, et effectuer, au sens large
  9. Toutes opérations commerciales et financières à l'exception de celles réservées légalement aux organismes de dépôts à court terme, aux caisses d'épargne, aux sociétés hypothécaires et aux sociétés de capitalisation
  10. L'activité de conseil en matière financière, technique, commerciale ou administrative, au sens large
  11. L'assistance et la fourniture de services, directement ou indirectement, dans le domaine administratif et financier, dans les ventes, la production et la gestion en général
  12. L'intervention en tant qu'intermédiaire lors de négociations, par la reprise partielle ou totale d'actions ou de parts; au sens le plus large, la participation à des opérations d'émission d'actions, de parts et de titres à revenus fixes, par voie de souscription, de cautionnement, d'achat et de vente ou autrement, ainsi que la réalisation de toutes opérations, quelle que soit leur nature, en matière de gestion de portefeuilles ou de capitaux
  13. L'exercice de toutes missions d'administration et l'exercice de mandats et de fonctions se rapportant directement ou indirectement à son objet
  14. Le développement, l'achat, la vente, la concession comme preneur, ou concédant de licences, de brevets, de savoir-faire et d'autres immobilisations incorporelles
Other statement
4 provisions in the deed

Structure & network

Heads the group ARGAYON 10 companies Group, risk and exposure

Owners and holdings

9 holdings

Owners 0

The accounts to 31-05-2025 list no shareholders, and no other source names one.

Holdings 9

According to the annual accounts to 31-05-2025 of ARGAYON 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.

Acquisitions and mergers

2 transactions
BE 0413.761.121merger by absorption · State Gazette act of 25-09-2026 (2 acts)
Took over:CATTIMMO
BE 0419.808.872merger by absorption · proposal · State Gazette act of 08-09-2026 (2 acts) · effective 08-04-2026

Recognitions · licences · registrations

Legal Entity Identifier

875500MP5CWBSWEK8W48
live in the LEI register

Similar companies · same sector, comparable size

Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 1,809 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded11-10-1988
Fiscal year end31-05
Activities, NACEBEL 2025
70200Business and other management consultancy
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
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
Contact
E-mail cc@argayon-immo.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0435596910
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.