ARGIBEL
ActiveARGIBEL has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.01M and a net result of €-264k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 9150 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▼-56
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.96 in 2024; short-term debt: 2.8% and cash: 0.5% of total assets), and 7.4% 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
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
92.6%
Return on assets
-6.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-264k
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
59 d early
2023
61 d early
2022
77 d early
2021
46 d early
2020
32 d early
2019
38 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.01M▼ 6.2%
2024 · €4.27M
2018: €3.29M
2019: €3.61M
2020: €3.90M
2021: €3.86M
2022: €4.37M
2023: €4.32M
2024: €4.27M
2018 → 2025
Total assets
€4.33M▲ 0.3%
2024 · €4.32M
2018: €6.46M
2019: €6.07M
2020: €5.46M
2021: €5.22M
2022: €5.03M
2023: €4.71M
2024: €4.32M
2018 → 2025
Net result
€-264k▼ 423%
2024 · €-50k
2018: €553k
2019: €324k
2020: €283k
2021: €-35k
2022: €508k
2023: €-46k
2024: €-50k
2018 → 2025
Working capital
€49k▲ 9.8%
2024 · €44k
2018: €247k
2019: €320k
2020: €166k
2021: €404k
2022: €599k
2023: €195k
2024: €44k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.86M-€4.37M▲ 13.2%€4.32M▼ 1.0%€4.27M▼ 1.2%€4.01M▼ 6.2%
Operating result€-10k-€703k€-52k€-74k▼ 43.1%€-280k▼ 277%
Net result€-35k-€508k€-46k€-50k▼ 10.3%€-264k▼ 423%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €280k in 2025 against €74k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.33M
Fixed assets
€4.16M▼ 1.6%
Current assets
€170k▲ 87.1%
Equity and liabilities €4.33M
Equity
€4.01M▼ 6.2%
Debt
€321k▲ 595%
The debt ratio rises from 1.1% to 7.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-125k▼
2024 · €481k
Cash flow
€-109k▼
2024 · €505k
Solvency
92.6%▼
2024 · 98.9%
Current ratio
1.40▼
2024 · 1.96
Quick ratio
1.40▼
2024 · 1.96
Debt / equity
0.08▲
2024 · 0.01
ROE
-6.6%▼
2024 · -1.2%
ROA
-6.1%▼
2024 · -1.2%
Interest coverage
-143.13▼
2024 · 1504.33
Debt
€321k▲
2024 · €46k
Debt ≤ 1 year
€121k▲
2024 · €46k
Debt > 1 year
€200k
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€4.32M€4.33M▲
Fixed assets21/28€4.23M€4.16M▼
Tangible fixed assets22/27€3.60M€4.16M▲
Land and buildings22€3.38M€3.20M▼
Assets under construction and advance payments27€221k€964k▲
Financial fixed assets28€625k-
Current assets29/58€91k€170k▲
Amounts receivable within one year40/41-€144k
Trade receivables40-€31k
Other amounts receivable41-€113k
Cash at bank and in hand54/58€10k€20k▲
Deferred charges and accrued income490/1€81k€5k▼
Equity and liabilities
Total equity and liabilities10/49€4.32M€4.33M▲
Equity10/15€4.27M€4.01M▼
Contributions10/11€3.33M€3.33M=
Capital10€3.33M€3.33M=
Issued capital100€3.33M€3.33M=
Reserves13€169k€169k=
Non-distributable reserves130/1€54k€54k=
Legal reserve130€54k€54k=
Distributable reserves133€115k€115k=
Profit (loss) carried forward14€772k€508k▼
Amounts payable17/49€46k€321k▲
Amounts payable after more than one year17-€200k
Financial debts170/4-€200k
Amounts payable within one year42/48€46k€121k▲
Trade debts44€46k€121k▲
Suppliers440/4€46k€121k▲
Accrued charges and deferred income492/3-€492
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€555k€155k▼
Other operating charges640/8€151k€156k▲
Non-recurring operating charges66A-€31k
Gross operating margin9900€632k€62k▼
Operating profit (loss)9901€-74k€-280k▼
Financial income75/76B€24k€17k▼
Recurring financial income75€24k€17k▼
Financial charges65/66B€320€877▲
Recurring financial charges65€320€877▲
Profit (loss) for the period before taxes9903€-50k€-264k▼
Profit (loss) for the period9904€-50k€-264k▼
Profit (loss) for the period to be appropriated9905€-50k€-264k▼
Appropriation of the result
Profit (loss) to be appropriated9906€772k€508k▼
Profit (loss) brought forward from the previous period14P€823k€772k▼
The notes to these accounts (14 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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-264k
Net result drops to €-264k, the lowest in the series.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €508k
Net result €508k after one loss-making year.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 19.60
Current ratio from 7.02 to 19.60; short-term debt falls from €28k to €22k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 38 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
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 2018
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.
24-05-2018
Nicole DERWAEL: Resigned as Director
24-05-2018
SOCA Comm.VA: Resigned as Director
24-05-2018
VERBEL NV: Resigned as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1986
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.
Pauline Van Pottelsberghelaan 109051 GentGround area
1,561 m²
Building footprint
345 m²
Parcel 44062A0110/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
LEOPOLD
since 19862.015.714.735
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0110/00K000 | Flanders | 1,561 m² | 1 · 345 m² | 0.0 m |
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.
Structure & network
Connections & network
11 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Show 7 more network connections
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Similar companies · same sector, comparable size
KEIZERSPLEIN 39
BE 0463.546.370
Erpe-Mere · Eq €4.00M
RENT-ESTATE
BE 0431.909.524
Knokke-Heist · Eq €4.01M
MELIMMO
BE 0434.417.072
Gent · Eq €4.00M
COPARFIM
BE 0451.485.213
Namur · Eq €4.00M
VAN DEN BRANDEN
BE 0405.069.030
Sint-Niklaas · Eq €3.99M
Of 9,139 companies in sector 68201 we hold annual accounts for 6,767. 3,444 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-02-1979
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.