ARGIN
ActiveSummary
The computed 12-month bankruptcy probability of ARGIN is 2.4% (moderate). The 2024 annual accounts show negative equity (-€105,584) and a net result of -€21,554. Equity is shrinking by ~29.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 6545 sector peers (fiscal year 2024). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.24 in 2023; short-term debt: 384.6% and cash: 26.2% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-284.6%
Return on assets
-58.1%
Age of the figures
21 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€105,584
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 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 filingsDeviation from the deadline
2025
not confirmed
2024
53 d late
2023
41 d late
2022
104 d late
2021
51 d late
2020
58 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 63 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
€69,772
EBIT margin
-25.1%
Net result
-€21,554▼ 7.8%
2023 · -€20,001
Working capital
-€109,717▼ 26.2%
2023 · -€86,943
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Turnover€69,772
Operating result€15,194▼ 15.5%-€13,031-€17,524▼ 34.5%-€19,423▼ 10.8%-€20,820▼ 7.2%
Net result€11,214within the sector's middle half▼ 38.7%-€10,647below the sector's middle half-€17,903below the sector's middle half▼ 68.2%-€20,001below the sector's middle half▼ 11.7%-€21,554below the sector's middle half▼ 7.8%
EBIT margin-25.1%
Equity-€35,480below the sector's middle half▲ 24.0%-€46,127below the sector's middle half▼ 30.0%-€64,029below the sector's middle half▼ 38.8%-€84,031below the sector's middle half▼ 31.2%-€105,584below the sector's middle half▼ 25.6%
Total assets€25,981below the sector's middle half▼ 4.7%€30,033below the sector's middle half▲ 15.6%€48,959below the sector's middle half▲ 63.0%€34,054below the sector's middle half▼ 30.4%€37,096below the sector's middle half▲ 8.9%
Debt€61,461▼ 16.9%€76,160▲ 23.9%€112,988▲ 48.4%€118,085▲ 4.5%€142,680▲ 20.8%
Working capital-€32,963below the sector's middle half▲ 20.5%-€43,591below the sector's middle half▼ 32.2%-€64,162below the sector's middle half▼ 47.2%-€86,943below the sector's middle half▼ 35.5%-€109,717below the sector's middle half▼ 26.2%
Solvency-136.6%below the sector's middle half▲ 34.7pp-153.6%below the sector's middle half▼ 17.0pp-130.8%below the sector's middle half▲ 22.8pp-246.8%below the sector's middle half▼ 116.0pp-284.6%below the sector's middle half▼ 37.9pp
Current ratio0.44below the sector's middle half▲ 0.040.40below the sector's middle half▼ 0.030.40below the sector's middle half=0.24below the sector's middle half▼ 0.160.23below the sector's middle half▼ 0.01
Return on assets (ROA)43.2%above the sector's middle half▼ 23.9pp-35.4%below the sector's middle half▼ 78.6pp-36.6%below the sector's middle half▼ 1.1pp-58.7%below the sector's middle half▼ 22.2pp-58.1%below the sector's middle half▲ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20,820 in 2024 against €19,423 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €37,096
Fixed assets
€4,133 ▼ 30.4%
Current assets
€32,964 ▲ 17.2%
Key figures and ratios
EBITDA
-€19,012▼
2023 · -€17,744
Cash flow
-€19,746▼
2023 · -€18,322
Quick ratio
0.12▲
2023 · 0.09
Debt to equity
-1.35▲
2023 · -1.41
Interest coverage
-25.91▲
2023 · -31.13
Debt ≤ 1 year
€142,680▲
2023 · €115,057
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.6%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% 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 497,338 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% | 1.9% |
| 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 6,622 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €69,772 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €86,114 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €108 | €1,679 | €1,807 | ▲ 7.6% |
| Other operating charges640/8 | - | €333 | €1,074 | €3,332 | €491 | ▼ 85.3% |
| Gross operating margin9900 | €15,756 | -€12,698 | -€16,342 | -€14,413 | -€18,522 | ▼ 28.5% |
| Operating profit (loss)9901 | €15,194 | -€13,031 | -€17,524 | -€19,423 | -€20,820 | ▼ 7.2% |
| Financial income75/76B | - | - | - | €225 | - | - |
| Recurring financial income75 | - | - | - | €225 | - | - |
| Non-recurring financial income76B | - | - | - | €225 | - | - |
| Financial charges65/66B | - | €154 | €379 | €803 | €734 | ▼ 8.6% |
| Recurring financial charges65 | €139 | €154 | €379 | €570 | €734 | ▲ 28.7% |
| Non-recurring financial charges66B | - | - | - | €233 | - | - |
| Profit (loss) for the period before taxes9903 | €15,055 | -€13,185 | -€17,903 | -€20,001 | -€21,554 | ▼ 7.8% |
| Income taxes67/77 | €3,841 | -€2,538 | - | - | - | - |
| Profit (loss) for the period9904 | €11,214 | -€10,647 | -€17,903 | -€20,001 | -€21,554 | ▼ 7.8% |
| Profit (loss) for the period to be appropriated9905 | €11,214 | -€10,647 | -€17,903 | -€20,001 | -€21,554 | ▼ 7.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25,981 | €30,033 | €48,959 | €34,054 | €37,096 | ▲ 8.9% |
| Fixed assets21/28 | €497 | €497 | €5,390 | €5,940 | €4,133 | ▼ 30.4% |
| Tangible fixed assets22/27 | - | - | €4,892 | €5,443 | €3,635 | ▼ 33.2% |
| Plant, machinery and equipment23 | - | - | - | €1,800 | €1,243 | ▼ 31.0% |
| Furniture and vehicles24 | - | - | €4,892 | €3,642 | €2,392 | ▼ 34.3% |
| Financial fixed assets28 | €497 | €497 | €497 | €497 | €497 | = |
| Current assets29/58 | €25,483 | €29,536 | €43,570 | €28,114 | €32,964 | ▲ 17.2% |
| Stocks and contracts in progress3 | €11,145 | €21,543 | €32,362 | €17,595 | €15,621 | ▼ 11.2% |
| Stocks30/36 | - | €21,543 | €32,362 | €17,595 | €15,621 | ▼ 11.2% |
| Amounts receivable within one year40/41 | €5,090 | €6,212 | €7,912 | €4,778 | €7,623 | ▲ 59.5% |
| Other amounts receivable41 | - | €6,212 | €7,912 | €4,778 | €7,623 | ▲ 59.5% |
| Cash at bank and in hand54/58 | €9,249 | €1,781 | €1,592 | €5,741 | €9,720 | ▲ 69.3% |
| Deferred charges and accrued income490/1 | - | - | €1,704 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25,981 | €30,033 | €48,959 | €34,054 | €37,096 | ▲ 8.9% |
| Equity10/15 | -€35,480 | -€46,127 | -€64,029 | -€84,031 | -€105,584 | ▼ 25.6% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €8,057 | €6,197 | ▼ 23.1% |
| Capital10 | - | €6,197 | €6,197 | - | - | - |
| Issued capital100 | - | €18,592 | €18,592 | - | - | - |
| Uncalled capital101 | - | €12,395 | €12,395 | - | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | - | €1,859 | - |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | €1,859 | - |
| Legal reserve130 | - | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,859 | - |
| Profit (loss) carried forward14 | -€43,536 | -€54,183 | -€72,086 | -€92,087 | -€113,641 | ▼ 23.4% |
| Amounts payable17/49 | €61,461 | €76,160 | €112,988 | €118,085 | €142,680 | ▲ 20.8% |
| Amounts payable within one year42/48 | €58,446 | €73,127 | €107,732 | €115,057 | €142,680 | ▲ 24.0% |
| Trade debts44 | €8,787 | €27,795 | €50,862 | €71,135 | €100,631 | ▲ 41.5% |
| Suppliers440/4 | - | €27,795 | €50,862 | €71,135 | €100,631 | ▲ 41.5% |
| Taxes, remuneration and social security45 | - | €6,000 | €18,000 | €5,642 | €5,257 | ▼ 6.8% |
| Taxes450/3 | - | - | - | - | €5,257 | - |
| Remuneration and social security454/9 | - | €6,000 | €18,000 | €5,642 | - | - |
| Other amounts payable47/48 | - | €39,332 | €38,870 | €38,280 | €36,793 | ▼ 3.9% |
| Accrued charges and deferred income492/3 | - | €3,033 | €5,257 | €3,028 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,214 | -€10,647 | -€17,903 | -€20,001 | -€21,554 | ▼ 7.8% |
| + Depreciation and write-downs630 | - | - | €108 | €1,679 | €1,807 | ▲ 7.6% |
| Operating cash flow (approximation) | €11,214 | -€10,647 | -€17,795 | -€18,322 | -€19,746 | ▼ 7.8% |
| Investment in fixed assets (approximation) | - | €0 | -€5,000 | -€2,230 | €0 | ▲ 100% |
| Change in cash | - | -€7,468 | -€189 | €4,149 | €3,979 | ▼ 4.1% |
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
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 53 days late
2024
31-12
Financial
Weakest financial yearnet -€21,554
Net result drops to -€21,554, the lowest in the series.
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 41 days late
2023
12-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 104 days late
2022
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 51 days late
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 58 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 92 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 181 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has 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
4 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, Sint-Jans-Molenbeek · 1 establishment unit since 1998
Ground area
70 m²
Building footprint
71 m²
Volume, LiDAR
749 m³
Parcel 21522B0220/00L002, Brussels · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ARGIN
since 19982.088.408.416
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21522B0220/00L002 | Brussels | 70 m² | 1 · 71 m² | 13.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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
Food safety, FASFC
1 siteSint-Jans-Molenbeek2.088.408.416
Dual-learning approval
1 endedVerkoper (so)
Similar companies · same sector and region
A-Z DISTRIBUTION
BE 0696.712.002
Sint-Jans-Molenbeek
AB NIGHT
BE 0568.938.256
Sint-Jans-Molenbeek
ACHHAB
BE 0463.443.432
Sint-Jans-Molenbeek
AFRICA FRESH
BE 0682.582.565
Sint-Jans-Molenbeek
AFZA
BE 0477.865.748
Sint-Jans-Molenbeek
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-09-1998
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
61100Wired, wireless and satellite telecommunications
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463969509
Also
9925:BE0463969509
Registered
22-12-2025
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.