ARGO CONSTRUCT
ActiveARGO CONSTRUCT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €197k and a net result of €51k. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+41
Solvency75▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 2.3 in 2024; short-term debt: 33.9% and cash: 0% of total assets), but 50.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← 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
49.7%
Return on assets
12.9%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 30-07-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
1 d early
2022
4 d early
2021
2 d early
2020
8 d early
2019
4 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€197k▲ 34.9%
2024 · €146k
2019: €26k
2020: €130k
2021: €182k
2022: €213k
2023: €148k
2024: €146k
2019 → 2025
Total assets
€396k▲ 29.4%
2024 · €306k
2019: €206k
2020: €317k
2021: €471k
2022: €590k
2023: €403k
2024: €306k
2019 → 2025
Net result
€51k
2024 · €-2k
2019: €13k
2020: €104k
2021: €52k
2022: €31k
2023: €-71k
2024: €-2k
2019 → 2025
Working capital
€110k▲ 25.1%
2024 · €88k
2019: €-12k
2020: €76k
2021: €72k
2022: €97k
2023: €55k
2024: €88k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€182k-€213k▲ 16.9%€148k▼ 30.5%€146k▼ 1.5%€197k▲ 34.9%
Operating result€64k-€48k▼ 25.8%€-55k€14k€63k▲ 339%
Net result€52k-€31k▼ 40.8%€-71k€-2k▲ 96.9%€51k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 339% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €396k
Fixed assets
€152k▲ 0.7%
Current assets
€244k▲ 57.2%
Equity and liabilities €396k
Equity
€197k▲ 34.9%
Debt
€199k▲ 24.4%
The debt ratio falls from 52.4% to 50.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€121k▲
2024 · €65k
Cash flow
€108k▲
2024 · €49k
Solvency
49.7%▲
2024 · 47.6%
Current ratio
1.82▼
2024 · 2.30
Quick ratio
1.82▼
2024 · 2.30
Debt / equity
1.01▼
2024 · 1.10
ROE
25.9%▲
2024 · -1.5%
ROA
12.9%▲
2024 · -0.7%
Interest coverage
8.29▲
2024 · 3.14
Debt
€199k▲
2024 · €160k
Debt ≤ 1 year
€134k▲
2024 · €67k
Debt > 1 year
€65k▼
2024 · €93k
Staff costs
€266k▲
2024 · €139k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€306k€396k▲
Fixed assets21/28€150k€152k▲
Tangible fixed assets22/27€150k€149k▼
Land and buildings22€724€594▼
Plant, machinery and equipment23€16k€17k▲
Furniture and vehicles24€15k€50k▲
Leasing and similar rights25€118k€81k▼
Financial fixed assets28-€3k
Current assets29/58€155k€244k▲
Amounts receivable within one year40/41€128k€237k▲
Trade receivables40€77k€172k▲
Other amounts receivable41€51k€65k▲
Cash at bank and in hand54/58€4k€154▼
Deferred charges and accrued income490/1€24k€7k▼
Equity and liabilities
Total equity and liabilities10/49€306k€396k▲
Equity10/15€146k€197k▲
Contributions10/11€19k€19k=
Reserves13€127k€178k▲
Distributable reserves133€127k€178k▲
Amounts payable17/49€160k€199k▲
Amounts payable after more than one year17€93k€65k▼
Financial debts170/4€93k€65k▼
Amounts payable within one year42/48€67k€134k▲
Current portion of amounts payable after more than one year42€44k€26k▼
Trade debts44€12k€97k▲
Suppliers440/4€12k€97k▲
Taxes, remuneration and social security45€12k€11k▼
Taxes450/3€904€2k▲
Remuneration and social security454/9€11k€9k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€239€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€139k€266k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€58k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€54k€0▼
Other operating charges640/8€21k€14k▼
Gross operating margin9900€280k€400k▲
Operating profit (loss)9901€14k€63k▲
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€21k€15k▼
Recurring financial charges65€21k€15k▼
Profit (loss) for the period before taxes9903€-2k€51k▲
Profit (loss) for the period9904€-2k€51k▲
Profit (loss) for the period to be appropriated9905€-2k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€51k▲
Transfer from equity791/2€2k€0▼
Transfer to equity691/2-€51k
To other reserves6921-€51k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €51k
Net result €51k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €197k ▲34.9%
Equity rises from €146k to €197k.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-71k ▼331%
Net result drops to €-71k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €213k ▲16.9%
4 profitable years in a row build equity to €213k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €182k ▲39.9%
3 profitable years in a row build equity to €182k.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €104k ▲682%
Operating result €134k, net result €104k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.68
Current ratio from 0.84 to 1.68.
31-12
Financial
Equity above €100kEq €130k ▲405%
2 profitable years in a row build equity to €130k.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Tongeren-Borgloon · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oorsprongstraat 1183840 Tongeren-BorgloonGround area
818 m²
Building footprint
608 m²
Volume, LiDAR
2,257 m³
Parcel 73036B0080/00H002, Flanders · tallest building 11.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ARGO CONSTRUCT
since 20182.280.542.452
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73036B0080/00H002 | Flanders | 818 m² | 1 · 608 m² | 11.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Recognised contractor
5 categoriesARGO CONSTRUCT BV42053
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Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,607 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-09-2018
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.