ARGELCO MANAGEMENT
ActiveARGELCO MANAGEMENT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96k and a net result of €17k. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 7452 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▼-12
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 9.99 against 5.64 in 2024; short-term debt: 7.1% and cash: 44.4% of total assets), and 10.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.5%
Return on assets
15.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €96k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
15 d early
2023
29 d early
2022
3 d early
2021
17 d early
2020
26 d late
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€17k▼ 42.5%
2024 · €29k
2018: €12k
2019: €17k
2020: €7k
2021: €-61k
2022: €-40k
2023: €35k
2024: €29k
2018 → 2025
Working capital
€68k▼ 17.2%
2024 · €83k
2018: €42k
2019: €59k
2020: €68k
2021: €9k
2022: €18k
2023: €53k
2024: €83k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€56k-€16k▼ 72.2%€51k▲ 226%€79k▲ 56.6%€96k▲ 20.8%
Operating result€-39k-€-34k▲ 11.0%€41k€34k▼ 16.3%€26k▼ 23.1%
Net result€-61k-€-40k▲ 34.3%€35k€29k▼ 18.3%€17k▼ 42.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€31k▲ 6,997%
Current assets
€76k▼ 24.3%
Equity and liabilities €107k
Equity
€96k▲ 20.8%
Debt
€11k▼ 47.4%
The debt ratio falls from 21.3% to 10.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29k▼
2024 · €35k
Cash flow
€19k▼
2024 · €29k
Solvency
89.5%▲
2024 · 78.7%
Current ratio
9.99▲
2024 · 5.64
Quick ratio
9.99▲
2024 · 5.64
Debt / equity
0.12▼
2024 · 0.27
ROE
17.2%▼
2024 · 36.2%
ROA
15.4%▼
2024 · 28.5%
Interest coverage
10.75▼
2024 · 18.00
Debt
€11k▼
2024 · €22k
Debt ≤ 1 year
€8k▼
2024 · €18k
Debt > 1 year
€4k=
2024 · €4k
Income taxes
€7k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€101k€107k▲
Fixed assets21/28€440€31k▲
Tangible fixed assets22/27€440€31k▲
Furniture and vehicles24€440€0▼
Other tangible fixed assets26-€31k
Current assets29/58€101k€76k▼
Amounts receivable within one year40/41€32k€25k▼
Trade receivables40€27k€23k▼
Other amounts receivable41€5k€1k▼
Cash at bank and in hand54/58€67k€48k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€101k€107k▲
Equity10/15€79k€96k▲
Contributions10/11€20k€20k=
Reserves13€59k€76k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€57k€74k▲
Amounts payable17/49€22k€11k▼
Amounts payable after more than one year17€4k€4k=
Trade debts175€4k€4k=
Amounts payable within one year42/48€18k€8k▼
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€8k€90▼
Taxes450/3€8k€90▼
Other amounts payable47/48€4k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€582€3k▲
Other operating charges640/8€387€562▲
Gross operating margin9900€35k€29k▼
Operating profit (loss)9901€34k€26k▼
Financial income75/76B€3€0▼
Recurring financial income75€3€0▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€32k€23k▼
Income taxes67/77€3k€7k▲
Profit (loss) for the period9904€29k€17k▼
Profit (loss) for the period to be appropriated9905€29k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€17k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€29k€17k▼
To other reserves6921€29k€17k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €35k
Net result €35k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 3.51
Current ratio from 1.24 to 3.51; short-term debt falls from €72k to €21k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-61k ▼946%
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
Financial
Equity above €100kEq €110k ▲18.7%
2 profitable years in a row build equity to €110k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Pont-à-Celles · 1 establishment unit since 2013
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.
Chaussée de Nivelles(LUT) 2996238 Pont-à-CellesGround area
1.0 ha
Parcel 52492A0618/00C002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chaussée de Nivelles(LUT) 299, 6238 Pont-à-Celles
since 20132.221.322.467
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52492A0618/00C002 | Wallonia | 1.0 ha | - | - |
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.
Recognitions · licences · registrations
Recognised contractor
4 categoriesARGELCO MANAGEMENT SRL39940
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 13,169 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-08-2013
Fiscal year end31-12
Trade name FR
SRL
Activities, NACEBEL
41001General construction of residential buildings
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.