ARGO
Annual accounts 2020
abbreviated format, filed on 26-08-2021, 26 days late-€11,130
▼ €189,834
-€180,261
▼ €154,393
-€183,956
▼ €139,851
-€548,014
▼ €147,976
-35.1%
▼ 29.8 percentage points
0.30
▼ 0.08
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €625,405 on 31-12-2020What the company ownsHow it is paid for
in euro
in euro
Staff
€39,331
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
625,405 | 674,271 | 776,672 | 780,983 | 862,360 | 895,183 | 903,980 | 760,341 | 971,014 | 1.1m | 986,655 | 1.1m | 921,057 | 1.1m | 978,452 | |
20 |
- | - | - | - | 153,242 | 139,858 | 116,680 | 132,599 | 42,667 | 48,000 | - | - | - | - | - | |
21/28 |
392,826 | 435,721 | 467,281 | 474,098 | 330,563 | 528,043 | 563,219 | 529,773 | 463,854 | 519,922 | 491,945 | 544,085 | 373,254 | 385,412 | 402,224 | |
21 |
102,768 | 135,940 | 163,778 | 163,778 | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
289,453 | 299,176 | 302,898 | 309,715 | 329,958 | 387,581 | 445,934 | 396,570 | 420,583 | 471,317 | 491,340 | 543,480 | 372,649 | 384,807 | 401,620 | |
22 |
288,338 | 297,396 | 300,415 | 309,131 | 317,489 | 317,489 | 344,281 | 328,878 | 362,739 | 399,940 | 443,565 | 492,835 | 359,472 | 376,273 | 387,932 | |
23 |
1,115 | 1,780 | 2,483 | 585 | 12,226 | 30,952 | 53,320 | 13,358 | 8,005 | 26,891 | 47,775 | 47,401 | 6,598 | 8,504 | 9,466 | |
24 |
- | - | - | - | 243 | 39,140 | 48,333 | 54,334 | 49,839 | 44,486 | - | 3,244 | 6,579 | 30 | 4,222 | |
28 |
605 | 605 | 605 | 605 | 605 | 605 | 605 | 605 | 605 | 605 | 605 | 605 | 605 | 605 | 605 | |
29/58 |
232,579 | 238,550 | 309,391 | 306,884 | 378,555 | 367,140 | 340,761 | 230,567 | 507,159 | 614,475 | 494,710 | 580,727 | 547,803 | 723,706 | 576,227 | |
3 |
220,948 | 218,240 | 282,424 | 269,759 | 270,306 | 295,684 | 272,301 | 178,257 | 379,405 | 471,104 | 405,251 | 458,444 | 391,475 | 618,855 | 520,823 | |
30/36 |
220,948 | 218,240 | 282,424 | 269,759 | 270,306 | 295,684 | 272,301 | 178,257 | 379,405 | 471,104 | 405,251 | 458,444 | 391,475 | 618,855 | 520,823 | |
40/41 |
2,322 | 5,780 | 3,493 | 4,565 | 5,603 | 2,359 | 2,359 | 2,359 | 28,182 | 4,358 | 16,979 | 71,580 | 67,640 | 37,473 | 18,252 | |
40 |
2,195 | 2,195 | 1,288 | 2,359 | 4,771 | 2,359 | 2,359 | 2,359 | 28,182 | 4,358 | 16,979 | 71,580 | 44,245 | 7,973 | 3,252 | |
41 |
127 | 3,585 | 2,205 | 2,205 | 832 | - | - | - | - | - | - | - | 23,395 | 29,500 | 15,000 | |
54/58 |
6,811 | 10,345 | 19,600 | 29,662 | 77,257 | 48,838 | 55,143 | 36,955 | 89,600 | 128,839 | 64,713 | 45,014 | 83,269 | 58,937 | 30,090 | |
490/1 |
2,499 | 4,185 | 3,873 | 2,899 | 25,389 | 20,259 | 10,958 | 12,996 | 9,972 | 10,174 | 7,766 | 5,689 | 5,419 | 8,440 | 7,063 | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
625,405 | 674,271 | 776,672 | 780,983 | 862,360 | 895,183 | 903,980 | 760,341 | 971,014 | 1.1m | 986,655 | 1.1m | 921,057 | 1.1m | 978,452 | |
10/15 |
-219,340 | -35,384 | 11,256 | 23,902 | 23,098 | 18,905 | 59,895 | 283,405 | 313,377 | 347,232 | 322,423 | 428,963 | 496,971 | 496,482 | 451,152 | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
12 |
199,095 | 199,095 | 199,095 | 199,095 | 199,095 | 199,095 | 199,095 | 199,095 | 199,095 | 199,095 | 199,095 | 199,095 | 199,095 | 199,095 | 199,095 | |
13 |
208,700 | 208,700 | 208,700 | 208,700 | 208,700 | 208,700 | 208,700 | 208,700 | 208,700 | 208,700 | 208,700 | 208,700 | 208,700 | 208,697 | 189,947 | |
130/1 |
6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,197 | 6,197 | |
132 |
37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 18,750 | |
133 |
165,000 | 165,000 | 165,000 | 165,000 | 165,000 | 165,000 | 165,000 | 165,000 | 165,000 | 165,000 | 165,000 | 165,000 | 165,000 | 165,000 | 165,000 | |
14 |
-689,135 | -505,179 | -458,539 | -445,893 | -446,697 | -450,889 | -409,900 | -186,390 | -156,417 | -122,562 | -147,372 | -40,831 | 27,177 | 26,690 | 110 | |
16 |
- | - | - | - | - | - | - | - | - | - | 41,308 | 41,308 | 41,308 | 33,179 | - | |
160/5 |
- | - | - | - | - | - | - | - | - | - | 41,308 | 41,308 | 41,308 | 33,179 | - | |
17/49 |
844,746 | 709,655 | 765,416 | 757,081 | 839,262 | 876,278 | 844,085 | 476,936 | 657,636 | 787,165 | 622,924 | 654,541 | 382,778 | 579,456 | 527,300 | |
17 |
64,152 | 68,026 | 84,662 | 107,092 | 104,202 | 133,834 | 165,061 | 78,470 | 95,078 | 140,930 | 191,332 | 228,851 | 127,152 | 165,824 | 204,495 | |
170/4 |
64,152 | 68,026 | 84,662 | 107,092 | 104,202 | 133,834 | 165,061 | 78,470 | 95,078 | 140,930 | 191,332 | 228,851 | 127,152 | 165,824 | 204,495 | |
42/48 |
780,593 | 638,588 | 678,005 | 647,245 | 735,060 | 735,591 | 671,424 | 387,520 | 560,485 | 646,235 | 426,410 | 416,999 | 249,035 | 405,966 | 313,703 | |
42 |
53,759 | 74,123 | 65,321 | 74,934 | - | 386,264 | 309,015 | - | 302,148 | 431,692 | 316,221 | - | 68,781 | - | - | |
43 |
417,425 | 325,000 | 325,000 | 325,000 | 387,542 | - | - | 146,651 | - | - | - | 207,439 | - | 203,522 | 79,605 | |
430/8 |
417,425 | 325,000 | 325,000 | 325,000 | 387,542 | - | - | 146,651 | - | - | - | 207,439 | - | 203,522 | 79,605 | |
44 |
67,211 | 108,905 | 96,818 | 70,198 | 172,499 | 69,410 | 208,704 | 42,692 | - | 142,513 | - | 72,216 | 29,159 | 30,401 | 59,441 | |
440/4 |
67,211 | 108,905 | 96,818 | 70,198 | 172,499 | 69,410 | 208,704 | 42,692 | - | 142,513 | - | 72,216 | 29,159 | 30,401 | 59,441 | |
45 |
59,720 | 47,669 | 47,425 | 33,608 | 45,716 | 51,757 | 57,083 | 56,830 | 61,128 | 60,086 | 59,953 | 55,694 | 52,202 | 65,264 | 55,945 | |
450/3 |
36,262 | 12,764 | 13,550 | 3,012 | 6,962 | 8,245 | 14,685 | 11,380 | 16,670 | 17,812 | 21,771 | 9,941 | 13,041 | 15,287 | 7,671 | |
454/9 |
23,459 | 34,905 | 33,876 | 30,595 | 38,754 | 43,512 | 42,398 | 45,450 | 44,458 | 42,274 | 38,182 | 45,753 | 39,161 | 49,976 | 48,274 | |
47/48 |
182,479 | 82,892 | 143,440 | 143,506 | 129,302 | 228,160 | 96,622 | 141,348 | 197,210 | 11,943 | 50,236 | 81,649 | 98,892 | 106,779 | 118,713 | |
492/3 |
- | 3,040 | 2,749 | 2,744 | - | 6,853 | 7,600 | 10,945 | 2,073 | - | 5,182 | 8,691 | 6,590 | 7,667 | 9,102 | |
| Income statement | ||||||||||||||||
76A |
14,997 | 106 | - | - | - | - | - | - | - | - | 12,756 | - | - | 6,281 | - | |
9900 |
-11,130 | 178,704 | 203,104 | 276,852 | 276,624 | 348,152 | 180,758 | 279,746 | 386,786 | 380,458 | 316,686 | 319,806 | 227,365 | 456,972 | 387,599 | |
62 |
125,860 | 176,189 | 174,867 | 175,767 | 202,244 | 242,747 | 250,594 | 263,885 | 271,516 | 260,526 | 284,533 | 252,346 | 255,386 | 279,417 | 255,078 | |
630 |
42,895 | 37,494 | 9,360 | 70,775 | 44,238 | 101,542 | 115,637 | 89,311 | 81,144 | 86,701 | 84,060 | 96,563 | 31,367 | 33,596 | 50,019 | |
631/4 |
-5,602 | -14,543 | -4,955 | 8,496 | 2,935 | -2,105 | -17,657 | -97,182 | 17,499 | -14,442 | 1,221 | -18,433 | -115,507 | 42,547 | -2,996 | |
635/8 |
- | - | - | - | - | - | - | - | - | -41,308 | - | - | - | - | - | |
640/8 |
5,979 | 5,432 | 20,235 | 1,546 | 6,443 | 20,598 | 23,487 | 20,743 | 21,953 | 22,828 | 25,256 | 19,987 | 24,002 | 17,249 | 6,205 | |
66A |
- | - | - | - | - | - | - | - | - | - | 356 | - | - | - | - | |
9901 |
-180,261 | -25,869 | 3,596 | 20,267 | 20,764 | -14,630 | -191,303 | 2,989 | -5,326 | 66,152 | -78,384 | -30,656 | 32,118 | 84,164 | 79,291 | |
75/76B |
18,918 | 1,223 | 302 | 99 | 559 | 5,599 | 53 | 133 | 82 | 165 | 142 | 2,719 | 1,232 | 2,189 | 941 | |
75 |
3,920 | 1,118 | 302 | 99 | 559 | 5,599 | 53 | 133 | 82 | 165 | 142 | 2,719 | 1,232 | 2,189 | 941 | |
76B |
14,997 | 106 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
22,381 | 19,217 | 16,544 | 19,563 | 17,130 | 31,958 | 32,260 | 33,103 | 28,610 | 30,649 | 40,685 | 40,217 | 32,179 | 34,096 | 37,579 | |
65 |
22,381 | 19,217 | 16,544 | 19,563 | 17,130 | 31,958 | 32,260 | 33,103 | 28,610 | 30,649 | 40,685 | 40,217 | 32,179 | 34,096 | 37,579 | |
9903 |
-183,725 | -43,862 | -12,646 | 804 | 4,193 | -40,989 | -223,510 | -29,981 | -33,854 | 35,669 | -106,527 | -68,154 | 1,171 | 58,538 | 42,653 | |
67/77 |
231 | 243 | - | - | - | - | 1 | -9 | 1 | 10,859 | 13 | -146 | 682 | 13,208 | 12,687 | |
9904 |
-183,956 | -44,105 | -12,646 | 804 | 4,193 | -40,989 | -223,510 | -29,972 | -33,855 | 24,810 | -106,540 | -68,008 | 489 | 45,330 | 29,966 | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 18,750 | - | |
9905 |
-183,956 | -44,105 | -12,646 | 804 | 4,193 | -40,989 | -223,510 | -29,972 | -33,855 | 24,810 | -106,540 | -68,008 | 489 | 26,580 | 29,966 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-689,135 | -505,179 | -458,539 | -445,893 | -446,697 | -450,889 | -409,900 | -186,390 | -156,417 | -122,562 | -147,372 | -40,831 | 27,179 | 26,690 | 74,652 | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 3 | - | 74,542 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 3 | - | - | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 74,542 | |
| Social balance sheet | ||||||||||||||||
9087 |
3.2 | 4.3 | 4.4 | 5.1 | 6.1 | 6.6 | 7.1 | 7.2 | 7.6 | 8.7 | 8.8 | 9.2 | 9.4 | 10.8 | 10.5 | |
Hours worked1013 |
3,652 | 7,291 | 7,379 | 7,595 | 9,555 | 11,159 | 11,418 | 12,106 | 12,766 | 13,751 | 14,406 | 14,458 | 15,429 | 17,859 | 16,229 | |
| Document | ||||||||||||||||
The accounts for 19 older financial years (1987-2005) were filed as documents without figures as data, scans for example.
Source: Annual accounts 2020 (PDF), filed on 26-08-2021.
Filings
each dot is a set of accounts, on the day it reached the National Bank2020 annual accounts filed 26 days after the deadline. Filed on 26 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-55000065.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | abbreviated format | 26-08-2021 | 2021-55000065 | |
| 31-12-2019 | abbreviated format | 12-08-2020 | 2020-40800507 | |
| 31-12-2018 | abbreviated format | 23-07-2019 | 2019-38100598 | |
| 31-12-2017 | abbreviated format | 28-08-2018 | 2018-53500348 | |
| 31-12-2016 | abbreviated format | 13-06-2017 | 2017-18400502 | |
| 31-12-2015 | abbreviated format | 23-08-2016 | 2016-47200258 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-55900288 | |
| 31-12-2013 | abbreviated format | 29-09-2014 | 2014-61700026 | |
| 31-12-2012 | abbreviated format | 29-08-2013 | 2013-52900390 | |
| 31-12-2011 | abbreviated format | 01-08-2012 | 2012-38000293 | |
| 31-12-2010 | abbreviated format | 07-11-2011 | 2011-60300464 | |
| 31-12-2009 | abbreviated format | 30-08-2010 | 2010-49000117 | |
| 31-12-2008 | abbreviated format | 31-08-2009 | 2009-73800380 | |
| 31-12-2007 | abbreviated format | 05-08-2008 | 2008-54000246 | |
| 31-12-2006 | abbreviated format | 15-05-2007 | 2007-14500259 | |
| 31-12-2005 | abbreviated format | 08-03-2006 | 2006-06604434 | |
| 31-12-2004 | abbreviated format | 12-07-2005 | 2005-46803535 | |
| 31-12-2003 | abbreviated format | 16-09-2004 | 2004-65002241 | |
| 31-12-2002 | abbreviated format | 12-12-2003 | 2003-83202895 | |
| 31-12-2001 | abbreviated format | 05-12-2002 | 2002-75201154 | |
| 31-12-2000 | abbreviated format | 17-10-2001 | 2001-64702797 | |
| 31-12-1999 | abbreviated format | 08-09-2000 | 2000-55303095 | |
| 31-12-1998 | abbreviated format | 02-11-1999 | 1999-56303300 | |
| 31-12-1997 | abbreviated format | 15-07-1998 | 1998-32804411 | |
| 31-12-1996 | abbreviated format | 24-06-1997 | 1997-19301580 | |
| 31-12-1995 | abbreviated format | 06-09-1996 | 1996-42800696 | |
| 31-12-1994 | abbreviated format | 19-06-1995 | 1995-25202848 | |
| 31-12-1993 | abbreviated format | 17-08-1994 | 1994-36104434 | |
| 31-12-1992 | abbreviated format | 05-08-1993 | 1993-30800807 | |
| 31-12-1991 | abbreviated format | 04-08-1992 | 1992-26604798 | |
| 31-12-1990 | abbreviated format | 04-09-1991 | 1991-24205274 | |
| 31-12-1989 | abbreviated format | 03-09-1990 | 1990-22903385 | |
| 31-12-1988 | abbreviated format | 24-08-1989 | 1989-20900700 | |
| 31-12-1987 | abbreviated format | 26-07-1988 | 1988-16904596 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -137,367 | 11,626 | 12,957 | 91,043 | 65,002 | 86,912 | -75,666 | 92,300 | 75,818 | 152,853 | 5,676 | 65,907 | 63,485 | 117,760 | 129,311 | ||
| -141,062 | -6,611 | -3,286 | 71,579 | 48,431 | 60,552 | -107,874 | 59,338 | 47,289 | 111,511 | -22,480 | 28,555 | 31,856 | 78,926 | 79,985 | ||
| 0 | 5,934 | 2,543 | 61,069 | -153,242 | 22,926 | 149,082 | 49,380 | 25,076 | 61,345 | 35,164 | 267,394 | 19,209 | 16,783 | 10,020 | ||
| -3,535 | -9,255 | -10,061 | -47,595 | 28,419 | -6,306 | 18,188 | -52,645 | -39,239 | 64,125 | 19,699 | -38,255 | 24,332 | 28,848 | - | ||
| -548,014 | -400,038 | -368,614 | -340,361 | -356,505 | -368,451 | -330,663 | -156,953 | -53,326 | -31,760 | 68,300 | 163,728 | 298,768 | 317,740 | 262,524 | ||
| -35.1% | -5.2% | 1.4% | 3.1% | 2.7% | 2.1% | 6.6% | 37.3% | 32.3% | 30.6% | 32.7% | 38.1% | 54.0% | 44.8% | 46.1% | ||
| 0.30 | 0.37 | 0.46 | 0.47 | 0.51 | 0.50 | 0.51 | 0.59 | 0.90 | 0.95 | 1.16 | 1.39 | 2.20 | 1.78 | 1.84 | ||
| 0.01 | 0.03 | 0.04 | 0.06 | 0.15 | 0.10 | 0.10 | 0.13 | 0.23 | 0.22 | 0.21 | 0.29 | 0.63 | 0.26 | 0.18 | ||
| - | - | 68.00 | 31.67 | 36.33 | 46.35 | 14.09 | 1.68 | 2.10 | 2.27 | 1.93 | 1.53 | 0.77 | 1.17 | 1.17 | ||
| - | - | -112.4% | 3.4% | 18.2% | -216.8% | -373.2% | -10.6% | -10.8% | 7.1% | -33.0% | -15.9% | 0.1% | 9.1% | 6.6% | ||
| -29.4% | -6.5% | -1.6% | 0.1% | 0.5% | -4.6% | -24.7% | -3.9% | -3.5% | 2.2% | -10.8% | -6.0% | 0.1% | 4.1% | 3.1% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on ARGO
The operating result for 2020 is a loss of €180,261, larger than the loss of €25,869 in 2019. It is the lowest result since 2014.
Equity is negative. Debt (€844,746) exceeds the balance-sheet total (€625,405).