ARGO
ActiveSummary
ARGO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,264 and a net result of €3,666. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.8% (low).
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Signals
This company filed its last 7 accounts on average 36 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,350 | €6,698 | €6,698 | €6,698 | €6,092 | ▼ 9.0% |
| Other operating charges640/8 | €1,347 | €1,173 | €1,283 | €1,340 | €1,380 | ▲ 3.0% |
| Gross operating margin9900 | €10,055 | €10,976 | €11,593 | €13,193 | €12,314 | ▼ 6.7% |
| Operating profit (loss)9901 | €1,358 | €3,104 | €3,611 | €5,154 | €4,842 | ▼ 6.1% |
| Financial charges65/66B | €1,222 | €736 | €634 | €533 | €425 | ▼ 20.3% |
| Recurring financial charges65 | €1,222 | €736 | €634 | €533 | €425 | ▼ 20.3% |
| Profit (loss) for the period before taxes9903 | €135 | €2,368 | €2,977 | €4,621 | €4,417 | ▼ 4.4% |
| Income taxes67/77 | - | - | - | - | €751 | - |
| Profit (loss) for the period9904 | €135 | €2,368 | €2,977 | €4,621 | €3,666 | ▼ 20.7% |
| Profit (loss) for the period to be appropriated9905 | €135 | €2,368 | €2,977 | €4,621 | €3,666 | ▼ 20.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56,633 | €50,189 | €42,577 | €35,848 | €29,811 | ▼ 16.8% |
| Fixed assets21/28 | €55,568 | €48,870 | €42,172 | €35,473 | €29,381 | ▼ 17.2% |
| Tangible fixed assets22/27 | €55,568 | €48,870 | €42,172 | €35,473 | €29,381 | ▼ 17.2% |
| Land and buildings22 | €55,568 | €48,870 | €42,172 | €35,473 | €29,381 | ▼ 17.2% |
| Current assets29/58 | €1,064 | €1,319 | €406 | €374 | €430 | ▲ 14.8% |
| Cash at bank and in hand54/58 | €746 | €1,319 | €406 | €374 | €430 | ▲ 14.8% |
| Deferred charges and accrued income490/1 | €318 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56,633 | €50,189 | €42,577 | €35,848 | €29,811 | ▼ 16.8% |
| Equity10/15 | €632 | €3,000 | €5,977 | €10,598 | €14,264 | ▲ 34.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €930 | €930 | €930 | €930 | €930 | = |
| Non-distributable reserves130/1 | €930 | €930 | €930 | €930 | €930 | = |
| Reserves not available under the articles1311 | €930 | €930 | €930 | €930 | €930 | = |
| Profit (loss) carried forward14 | -€18,898 | -€16,530 | -€13,553 | -€8,932 | -€5,266 | ▲ 41.0% |
| Amounts payable17/49 | €56,000 | €47,189 | €36,600 | €25,249 | €15,547 | ▼ 38.4% |
| Amounts payable after more than one year17 | €15,409 | €12,430 | €9,346 | €6,152 | €2,845 | ▼ 53.8% |
| Financial debts170/4 | €15,409 | €12,430 | €9,346 | €6,152 | €2,845 | ▼ 53.8% |
| Amounts payable within one year42/48 | €40,591 | €34,759 | €27,254 | €19,097 | €11,801 | ▼ 38.2% |
| Current portion of amounts payable after more than one year42 | €2,877 | €2,979 | €3,084 | €3,194 | €3,307 | ▲ 3.5% |
| Trade debts44 | - | - | - | €979 | - | - |
| Suppliers440/4 | - | - | - | €979 | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €751 | - |
| Taxes450/3 | - | - | - | - | €751 | - |
| Other amounts payable47/48 | €37,714 | €31,780 | €24,170 | €14,925 | €7,744 | ▼ 48.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €900 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €135 | €2,368 | €2,977 | €4,621 | €3,666 | ▼ 20.7% |
| + Depreciation and write-downs630 | €7,350 | €6,698 | €6,698 | €6,698 | €6,092 | ▼ 9.0% |
| Operating cash flow (approximation) | €7,486 | €9,066 | €9,676 | €11,319 | €9,758 | ▼ 13.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €573 | -€913 | -€31 | €56 | ▲ 277% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0997/00A002 | Flanders | 623 m² | 1 · 222 m² | 16.2 m · 5 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.