ARGIROM
ActiveSummary
The computed 12-month bankruptcy probability of ARGIROM is 1.7% (moderate). The 2025 annual accounts show equity of €122k and a net result of €7k. Equity is growing by ~27.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 7838 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-45
Solvency100▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 6.12 against 3.0 in 2024; short-term debt: 16.2% and cash: 11.5% of total assets), and 16.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
83.8%
Return on assets
4.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 8 filingsDeviation from the deadline
2025
24 d late
2024
35 d late
2023
54 d late
2022
99 d late
2021
75 d late
2020
26 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€122k▲ 6.2%
2024 · €115k
Total assets
€146k▼ 13.0%
2024 · €168k
Net result
€7k▼ 74.7%
2024 · €28k
Working capital
€121k▲ 14.7%
2024 · €106k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€48k▲ 96.7%€60k▲ 25.3%€59k▼ 1.6%€39k▼ 34.1%€16k▼ 58.6%
Net result€40k▲ 69.7%€50k▲ 24.9%€42k▼ 14.5%€28k▼ 33.0%€7k▼ 74.7%
Equity€50k▲ 65.8%€79k▲ 59.6%€97k▲ 21.9%€115k▲ 19.0%€122k▲ 6.2%
Total assets€158k▲ 66.4%€158k▼ 0.2%€174k▲ 10.4%€168k▼ 3.7%€146k▼ 13.0%
Debt€109k▲ 66.7%€79k▼ 27.6%€78k▼ 1.3%€53k▼ 32.1%€24k▼ 55.1%
Working capital€30k▲ 107%€64k▲ 115%€79k▲ 22.8%€106k▲ 33.6%€121k▲ 14.7%
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 has fallen three years in a row; 2025 is 59% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €146k
Fixed assets
€1k ▼ 87.8%
Current assets
€145k ▼ 8.5%
Equity and liabilities €146k
Equity
€122k ▲ 6.2%
Debt
€24k ▼ 55.1%
Debt's share of the balance-sheet total falls from 31.4% to 16.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▼
2024 · €47k
Cash flow
€8k▼
2024 · €37k
Current ratio
6.12▲
2024 · 3.00
Debt to equity
0.19▼
2024 · 0.46
ROE
5.9%▼
2024 · 24.7%
ROA
4.9%▼
2024 · 16.9%
Interest coverage
2.42▼
2024 · 6.35
Debt ≤ 1 year
€24k▼
2024 · €53k
Income taxes
€6k▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €10k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €15k | €9k | €8k | €953 | ▼ 88.3% |
| Other operating charges640/8 | €8k | €3k | €9k | €1k | €4k | ▲ 231% |
| Gross operating margin9900 | €66k | €78k | €76k | €48k | €21k | ▼ 55.5% |
| Operating profit (loss)9901 | €48k | €60k | €59k | €39k | €16k | ▼ 58.6% |
| Financial income75/76B | €3k | €4k | €4k | €5k | €4k | ▼ 18.5% |
| Recurring financial income75 | €3k | €4k | €4k | €5k | €4k | ▼ 18.5% |
| Financial charges65/66B | €1k | €3k | €805 | €7k | €7k | ▼ 5.2% |
| Recurring financial charges65 | €1k | €3k | €805 | €7k | €7k | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | €50k | €60k | €61k | €36k | €13k | ▼ 64.1% |
| Income taxes67/77 | €10k | €11k | €19k | €8k | €6k | ▼ 25.2% |
| Profit (loss) for the period9904 | €40k | €50k | €42k | €28k | €7k | ▼ 74.7% |
| Profit (loss) for the period to be appropriated9905 | €40k | €50k | €42k | €28k | €7k | ▼ 74.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €158k | €158k | €174k | €168k | €146k | ▼ 13.0% |
| Fixed assets21/28 | €39k | €25k | €18k | €9k | €1k | ▼ 87.8% |
| Tangible fixed assets22/27 | €39k | €25k | €18k | €9k | €1k | ▼ 87.8% |
| Plant, machinery and equipment23 | €858 | €515 | €744 | €339 | €106 | ▼ 68.7% |
| Furniture and vehicles24 | €33k | €24k | €17k | €9k | €1k | ▼ 88.5% |
| Leasing and similar rights25 | €5k | - | - | - | - | - |
| Current assets29/58 | €120k | €133k | €157k | €158k | €145k | ▼ 8.5% |
| Amounts receivable within one year40/41 | €118k | €130k | €154k | €156k | €127k | ▼ 18.4% |
| Trade receivables40 | €51k | €67k | €71k | €71k | €52k | ▼ 26.6% |
| Other amounts receivable41 | €67k | €63k | €84k | €86k | €76k | ▼ 11.6% |
| Cash at bank and in hand54/58 | €2k | €3k | €2k | €2k | €17k | ▲ 627% |
| Deferred charges and accrued income490/1 | - | €845 | €795 | - | €642 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €158k | €158k | €174k | €168k | €146k | ▼ 13.0% |
| Equity10/15 | €50k | €79k | €97k | €115k | €122k | ▲ 6.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | €6k | €6k | €6k | €6k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Uncalled capital101 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €42k | €71k | €89k | €107k | €114k | ▲ 6.7% |
| Amounts payable17/49 | €109k | €79k | €78k | €53k | €24k | ▼ 55.1% |
| Amounts payable after more than one year17 | €19k | €10k | - | - | - | - |
| Financial debts170/4 | €19k | €10k | - | - | - | - |
| Amounts payable within one year42/48 | €90k | €69k | €78k | €53k | €24k | ▼ 55.1% |
| Current portion of amounts payable after more than one year42 | €9k | €11k | €7k | €2k | €2k | = |
| Trade debts44 | €28k | €22k | €22k | €13k | €503 | ▼ 96.1% |
| Suppliers440/4 | €28k | €22k | €22k | €13k | €503 | ▼ 96.1% |
| Advances received on contracts in progress46 | €10k | €10k | €10k | €10k | €10k | = |
| Taxes, remuneration and social security45 | €22k | €5k | €13k | €17k | €11k | ▼ 38.0% |
| Taxes450/3 | €22k | €5k | €13k | €13k | €8k | ▼ 39.3% |
| Remuneration and social security454/9 | - | - | - | €4k | €3k | ▼ 34.5% |
| Other amounts payable47/48 | €20k | €20k | €26k | €10k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40k | €50k | €42k | €28k | €7k | ▼ 74.7% |
| + Depreciation and write-downs630 | €11k | €15k | €9k | €8k | €953 | ▼ 88.3% |
| Operating cash flow (approximation) | €51k | €65k | €52k | €37k | €8k | ▼ 77.7% |
| Investment in fixed assets (approximation) | - | €-947 | €-2k | €1 | €7k | ▲ 737,700% |
| Change in cash | - | €573 | €-953 | €694 | €15k | ▲ 1,991% |
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
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 6.12
Current ratio from 3.00 to 6.12; short-term debt falls from €53k to €24k.
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
31-12
Financial
Equity above €100kEq €115k ▲19%
7 profitable years in a row build equity to €115k.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 99 days late
2022
31-12
Financial
Highest result since 2018net €50k ▲24.9%
Operating result €60k, net result €50k, both a record.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 34 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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-Gillis (bij-Brussel) · 1 establishment unit since 2017
Ground area
76 m²
Building footprint
65 m²
Volume, LiDAR
994 m³
Parcel 21013B0357/00D010, Brussels · tallest building 19.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ARGIROM
since 20172.269.576.009
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0357/00D010 | Brussels | 75 m² | 1 · 65 m² | 19.7 m · 5 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.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 6,178 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43120Site preparation
43230Insulation installation
43240Other construction installation
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.