ARGO
ActiveSummary
ARGO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147,402 and a net result of €81,394. Equity is growing by ~19.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+66
Solvency100▲+43
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.21 against 0.6 in 2024; short-term debt: 19.9% and cash: 1.3% of total assets), and 25.3% of the assets are financed with debt.
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Signals
Five 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 · 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
74.7%
Return on assets
41.3%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
on the day
2023
5 d early
2022
3 d early
2021
2 d early
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 4 days before 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)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€81,394
2024 · -€2,740
Working capital
€8,075
2024 · -€38,542
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-€18,507▼ 11.0%-€13,773▲ 25.6%-€4,683▲ 66.0%-€2,240▲ 52.2%€51,915
Net result-€11,242-€11,036▲ 1.8%€28,649-€2,740€81,394
Equity€51,134▼ 18.0%€40,098▼ 21.6%€68,747▲ 71.4%€66,008▼ 4.0%€147,402▲ 123%
Total assets€222,669▲ 8.6%€277,653▲ 24.7%€256,467▼ 7.6%€207,605▼ 19.1%€197,257▼ 5.0%
Debt€171,535▲ 20.3%€237,556▲ 38.5%€187,720▼ 21.0%€141,597▼ 24.6%€49,855▼ 64.8%
Working capital-€10,860€23,166€3,331▼ 85.6%-€38,542€8,075
Staff (FTE)000
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €51,915 after a loss of €2,240 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €197,257
Fixed assets
€150,000 =
Current assets
€47,257 ▼ 18.0%
Equity and liabilities €197,257
Equity
€147,402 ▲ 123%
Debt
€49,855 ▼ 64.8%
Debt's share of the balance-sheet total falls from 68.2% to 25.3%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.21▲
2024 · 0.60
Debt to equity
0.34▼
2024 · 2.15
ROE
55.2%▲
2024 · -4.2%
ROA
41.3%▲
2024 · -1.3%
Debt ≤ 1 year
€39,182▼
2024 · €96,146
Debt > 1 year
€10,673▼
2024 · €45,021
Income taxes
€0▲
2024 · -€1,893
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €6,092 | €5,802 | €6,536 | €6,610 | €6,667 | ▲ 0.9% |
| Non-recurring operating charges66A | - | - | - | - | €281 | - |
| Gross operating margin9900 | -€12,415 | -€7,971 | €1,853 | €4,370 | €58,863 | ▲ 1,247% |
| Operating profit (loss)9901 | -€18,507 | -€13,773 | -€4,683 | -€2,240 | €51,915 | ▲ 2,418% |
| Financial income75/76B | €9,571 | €7,197 | €37,788 | €1,035 | €31,621 | ▲ 2,954% |
| Recurring financial income75 | €9,571 | €7,197 | €37,788 | €1,035 | €31,621 | ▲ 2,954% |
| Financial charges65/66B | €3,839 | €4,955 | €4,777 | €3,428 | €2,142 | ▼ 37.5% |
| Recurring financial charges65 | €3,839 | €4,955 | €4,777 | €3,428 | €2,142 | ▼ 37.5% |
| Profit (loss) for the period before taxes9903 | -€12,776 | -€11,531 | €28,328 | -€4,633 | €81,394 | ▲ 1,857% |
| Income taxes67/77 | -€1,535 | -€495 | -€322 | -€1,893 | €0 | ▲ 100% |
| Profit (loss) for the period9904 | -€11,242 | -€11,036 | €28,649 | -€2,740 | €81,394 | ▲ 3,071% |
| Profit (loss) for the period to be appropriated9905 | -€11,242 | -€11,036 | €28,649 | -€2,740 | €81,394 | ▲ 3,071% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €222,669 | €277,653 | €256,467 | €207,605 | €197,257 | ▼ 5.0% |
| Fixed assets21/28 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Financial fixed assets28 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Current assets29/58 | €72,669 | €127,653 | €106,467 | €57,605 | €47,257 | ▼ 18.0% |
| Amounts receivable after more than one year29 | €17,290 | €119,124 | €97,785 | €47,760 | €38,141 | ▼ 20.1% |
| Other amounts receivable291 | €17,290 | €119,124 | €97,785 | €47,760 | €38,141 | ▼ 20.1% |
| Amounts receivable within one year40/41 | €43,813 | €7,096 | €6,832 | €8,404 | €6,511 | ▼ 22.5% |
| Other amounts receivable41 | €43,813 | €7,096 | €6,832 | €8,404 | €6,511 | ▼ 22.5% |
| Cash at bank and in hand54/58 | €1,999 | €1,433 | €1,850 | €1,441 | €2,605 | ▲ 80.8% |
| Deferred charges and accrued income490/1 | €9,567 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €222,669 | €277,653 | €256,467 | €207,605 | €197,257 | ▼ 5.0% |
| Equity10/15 | €51,134 | €40,098 | €68,747 | €66,008 | €147,402 | ▲ 123% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Capital10 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Issued capital100 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | -€148,866 | -€159,902 | -€131,253 | -€133,993 | -€52,598 | ▲ 60.7% |
| Amounts payable17/49 | €171,535 | €237,556 | €187,720 | €141,597 | €49,855 | ▼ 64.8% |
| Amounts payable after more than one year17 | €87,838 | €132,721 | €84,542 | €45,021 | €10,673 | ▼ 76.3% |
| Financial debts170/4 | €87,838 | €132,721 | €84,542 | €45,021 | €10,673 | ▼ 76.3% |
| Amounts payable within one year42/48 | €83,529 | €104,487 | €103,136 | €96,146 | €39,182 | ▼ 59.2% |
| Current portion of amounts payable after more than one year42 | €28,159 | €46,879 | €48,179 | €39,521 | €34,348 | ▼ 13.1% |
| Trade debts44 | €878 | €3,616 | €564 | €2,233 | €442 | ▼ 80.2% |
| Suppliers440/4 | €878 | €3,616 | €564 | €2,233 | €442 | ▼ 80.2% |
| Other amounts payable47/48 | €54,492 | €53,992 | €54,392 | €54,392 | €4,392 | ▼ 91.9% |
| Accrued charges and deferred income492/3 | €167 | €348 | €42 | €429 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,242 | -€11,036 | €28,649 | -€2,740 | €81,394 | ▲ 3,071% |
| Operating cash flow (approximation) | -€11,242 | -€11,036 | €28,649 | -€2,740 | €81,394 | ▲ 3,071% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€566 | €417 | -€409 | €1,164 | ▲ 384% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €81,394
Net result €81,394 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.21
Current ratio from 0.60 to 1.21; short-term debt falls from €96,146 to €39,182.
31-12
Financial
Equity above €100,000Eq €147,402 ▲123%
Equity rises from €66,008 to €147,402.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €28,649
Net result €28,649 after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 2.00
Current ratio from 0.51 to 2.00; short-term debt falls from €39,731 to €27,484.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Back to profitnet €42,760
Net result €42,760 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Eeklo · 1 establishment unit since 2006
Ground area
1,729 m²
Building footprint
278 m²
Volume, LiDAR
2,228 m³
Parcel 43352E0041/00L000, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARGO
since 20062.322.274.723
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352E0041/00L000 | Flanders | 1,729 m² | 1 · 278 m² | 11.7 m · 3 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.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
0.05%
Holdings 1
-
99%
According to the 2025 annual accounts of ARGO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded05-07-2006
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.