ARGHENDAEL
ActiveARGHENDAEL has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.78M and a net result of €-44k. Equity remains stable across the filed fiscal years (±1.3% per year). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-9
Solvency75▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity short (current ratio 0.45 against 0.56 in 2024; short-term debt: 27.7% and cash: 9.5% of total assets), and 50.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
49.9%
Return on assets
-0.6%
Age of the figures
9 mo
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 19-01-2026, 193 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
193 d early
2024
28 d early
2023
132 d early
2022
46 d early
2021
60 d early
2020
60 d early
2019
53 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3.78M▼ 1.1%
2024 · €3.82M
2018: €4.05M
2019: €3.62M
2020: €3.49M
2021: €3.38M
2022: €3.15M
2023: €3.28M
2024: €3.82M
2018 → 2025
Total assets
€7.56M▼ 10.3%
2024 · €8.43M
2018: €7.00M
2019: €6.79M
2020: €6.52M
2021: €6.29M
2022: €6.09M
2023: €5.94M
2024: €8.43M
2018 → 2025
Net result
€-44k
2024 · €537k
2018: €-142k
2019: €-431k
2020: €-135k
2021: €-102k
2022: €-231k
2023: €130k
2024: €537k
2018 → 2025
Working capital
€-1.16M▲ 7.5%
2024 · €-1.25M
2018: €139k
2019: €171k
2020: €97k
2021: €92k
2022: €55k
2023: €-604k
2024: €-1.25M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.38M-€3.15M▼ 6.8%€3.28M▲ 4.1%€3.82M▲ 16.4%€3.78M▼ 1.1%
Operating result€-131k-€-103k▲ 21.8%€-45k▲ 56.1%€1.02M€-55k
Net result€-102k-€-231k▼ 127%€130k€537k▲ 312%€-44k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €55k after €1.02M in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.56M
Fixed assets
€6.62M▼ 2.8%
Current assets
€940k▼ 41.9%
Equity and liabilities €7.56M
Equity
€3.78M▼ 1.1%
Provisions
€507k▼ 9.4%
Debt
€3.28M▼ 19.0%
The debt ratio falls from 48.0% to 43.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€134k▼
2024 · €1.45M
Cash flow
€146k▼
2024 · €969k
Solvency
49.9%▲
2024 · 45.3%
Current ratio
0.45▼
2024 · 0.56
Quick ratio
0.45▲
2024 · 0.34
Debt / equity
0.87▼
2024 · 1.06
ROE
-1.2%▼
2024 · 14.1%
ROA
-0.6%▼
2024 · 6.4%
Interest coverage
651.61▲
2024 · 22.69
Debt
€3.28M▼
2024 · €4.05M
Debt ≤ 1 year
€2.10M▼
2024 · €2.87M
Debt > 1 year
€1.18M=
2024 · €1.18M
Income taxes
€41k
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€8.43M€7.56M▼
Fixed assets21/28€6.81M€6.62M▼
Tangible fixed assets22/27€6.81M€6.62M▼
Land and buildings22€6.81M€6.62M▼
Financial fixed assets28€650-
Current assets29/58€1.62M€940k▼
Stocks and contracts in progress3€630k-
Stocks30/36€630k-
Amounts receivable within one year40/41-€218k
Other amounts receivable41-€218k
Cash at bank and in hand54/58€984k€721k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€8.43M€7.56M▼
Equity10/15€3.82M€3.78M▼
Contributions10/11€61k€61k=
Reserves13€3.68M€3.52M▼
Tax-exempt reserves132€1.68M€1.52M▼
Distributable reserves133€2.00M€2.00M=
Profit (loss) carried forward14€79k€194k▲
Provisions and deferred taxes16€560k€507k▼
Deferred taxes168€560k€507k▼
Amounts payable17/49€4.05M€3.28M▼
Amounts payable after more than one year17€1.18M€1.18M=
Financial debts170/4€338k€338k=
Other amounts payable178/9€843k€843k=
Amounts payable within one year42/48€2.87M€2.10M▼
Trade debts44€100k€6k▼
Suppliers440/4€100k€6k▼
Taxes, remuneration and social security45-€41k
Taxes450/3-€41k
Other amounts payable47/48€2.77M€2.05M▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€432k€189k▼
Other operating charges640/8€112k€47k▼
Gross operating margin9900€1.57M€181k▼
Operating profit (loss)9901€1.02M€-55k▼
Financial charges65/66B€64k€206▼
Recurring financial charges65€64k€206▼
Profit (loss) for the period before taxes9903€957k€-55k▼
Transfer from deferred taxes780-€53k
Transfer to deferred taxes680€420k-
Income taxes67/77-€41k
Profit (loss) for the period9904€537k€-44k▼
Transfer from tax-exempt reserves789€520k€159k▼
Transfer to tax-exempt reserves689€1.04M-
Profit (loss) for the period to be appropriated9905€13k€115k▲
Appropriation of the result
Profit (loss) to be appropriated9906€79k€194k▲
Profit (loss) brought forward from the previous period14P€66k€79k▲
The notes to these accounts (6 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
19-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €537k ▲312%
Operating result €1.02M, net result €537k, both a record.
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €130k
Net result €130k after 5 loss-making years.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-431k
Net result drops to €-431k, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
10-12-2022
NV De Zilvertorens: Resigned as Director
28-06-2022
Bernard Boes: Resigned as Director
15-12-2020
BOES Bernard Marie Edouard Augustin: Resigned as Director
15-12-2020
BOES Sophie Marie Gabrielle Charlotte: Resigned as Director
15-12-2020
BOES Thomas Marie Jean Christian: Resigned as Director
15-12-2020
DE ZILVERTORENS: Resigned as Director
31-08-2017
Charlotte HERREMAN-DE MEURISSE: Resigned as Manager
01-12-2016
Kurt DUJARDYN: Resigned as Manager
12-11-2014
NV Landbel: Resigned as Manager
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1996
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.
Eikenboslaan 1751180 UkkelGround area
876 m²
Building footprint
311 m²
Volume, LiDAR
2,403 m³
2 parcels, Brussels, Flanders · tallest building 15.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kragendijk 133, 8300 Knokke-Heist
since 19962.218.990.014
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039A0206/00E000 | Flanders | 616 m² | 1 · 141 m² | 9.0 m · 2 fl. |
| 21614H0056/00A011 | Brussels | 260 m² | 1 · 170 m² | 15.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-06-1996
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.