Equity
€43,798 ▲ 45.7%
ARGO Development has made a profit in every financial year since 2023.
ARGO Development
Overview
Lifetime
3 annual accounts with figures on one time axispeak €24,489 (2025)
€24,489▲ 15.9%
peak €14,337 (2024)
€13,734▼ 4.2%
peak €43,798 (2025)
€43,798▲ 45.7%
€11,662▲ 14.6%
Board1 name since 2022
1 directorGOUBAU Arnaud
Documentsfilings and deeds
29-01-20262 days before the deadline
2025micro format
Gross margin from €21,132 to €24,489Equity from €30,065 to €43,798Cash from €20,191 to €30,395
Key points
from the 2025 annual accountsChecked score
97
Excellent
Financially stronger than 80% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025highest value
03-2025: < 0.1%▼ -0.1 percentage points vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: 0.1%▲ +0.1 percentage points vs 12-2025
02-2026: < 0.1%▼ -0.1 percentage points vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2022
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 4.44, cash €30,395
Equity €43,798 (79.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 87% on liquidity, 69% on profitability and 79% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as ARGO Development has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ARGO Development itself is lower: < 0.1% within 12 months. It rests on far more data about ARGO Development than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for ARGO Development. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.44 (3.51 in 2024), above the usual 1.5. Short-term debt is 21% and cash 54.8% of total assets. 21% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
2 days early
2024
2 days late
2023
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 3 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 29 January (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0792287486
Incorporation
Appointment: GOUBAU Arnaud (director) · published on 13-10-2022 · Gazette deed
First establishment
Gangstraat 31, Ixelles
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARGO Development Ixelles | €55,461 | €24,489 | 79.0% | - |
| UNITY MANAGEMENT Ixelles | €66,782 | €22,376 | 66.6% | - |
| GECK&CO Ixelles | €65,608 | €28,143 | 79.0% | - |
| INODE SYSTEMS SUPPORT Anderlecht | €60,829 | €23,125 | 76.5% | - |
| Abi-BasNat Sint-Gillis (bij-Brussel) | €54,596 | €22,609 | 93.7% | - |
| RUBY CUBE Molenbeek-Saint-Jean | €48,182 | €24,052 | 8.1% | - |
| T.J.C. Holdings Auderghem | €50,936 | €23,919 | 12.4% | - |
These companies have the same main activity as ARGO Development: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €48,200 and €66,800, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 11-10-2022Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.337.052.9691050 Ixelles, since 11-10-2022
- Financial year end
- 30 June
- Peppol
- Reachable since 02-09-2025
Annual accounts to 30-06-2025
- €24,489▲ 15.9%
- €13,734▼ 4.2%
- €43,798▲ 45.7%
- €55,461▲ 37.8%
- Filing
- Filed on 29-01-2026, 2 days before the end of the filing period
Insights on ARGO Development
ARGO Development files the micro format. That format states no turnover. The gross margin rose from €23,177 in 2023 to €24,489 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 29-01-2026, 2 days before the deadline€24,489
▲ 15.9%
€19,212
▼ 4.1%
€13,734
▼ 4.2%
€40,098
▲ 56.7%
79.0%
▲ 4.3 percentage points
4.44
▲ 0.92
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €53,000 and €230,000.
Balance sheet
balance sheet total €55,461 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
79.0%
Higher than 76% of 39,368 companies in 2025.
4.44
Higher than 75% of 38,051 companies in 2025.
24.8%
Higher than 65% of 38,523 companies in 2025.
ARGO Development
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
55,461 | 40,244 | 26,064 | |
21/28 |
3,700 | 4,470 | 2,333 | |
22/27 |
2,050 | 2,820 | 683 | |
24 |
2,050 | 2,820 | 683 | |
28 |
1,650 | 1,650 | 1,650 | |
29/58 |
51,760 | 35,774 | 23,731 | |
29 |
10,900 | 5,500 | - | |
291 |
10,900 | 5,500 | - | |
40/41 |
10,465 | 10,083 | 10,351 | |
40 |
10,465 | 10,083 | 10,351 | |
54/58 |
30,395 | 20,191 | 13,380 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
55,461 | 40,244 | 26,064 | |
10/15 |
43,798 | 30,065 | 15,728 | |
10/11 |
2,000 | 2,000 | 2,000 | |
14 |
41,798 | 28,065 | 13,728 | |
17/49 |
11,662 | 10,179 | 10,336 | |
42/48 |
11,662 | 10,179 | 10,336 | |
44 |
1,380 | 371 | - | |
440/4 |
1,380 | 371 | - | |
45 |
9,207 | 9,086 | 8,937 | |
450/3 |
9,207 | 9,086 | 8,937 | |
47/48 |
1,076 | 722 | 1,399 | |
| Income statement | ||||
9900 |
24,489 | 21,132 | 23,177 | |
630 |
769 | 550 | 13 | |
640/8 |
4,507 | 541 | 4,896 | |
9901 |
19,212 | 20,041 | 18,268 | |
75/76B |
327 | 135 | - | |
75 |
327 | 135 | - | |
65/66B |
1,316 | 866 | 467 | |
65 |
1,316 | 866 | 467 | |
9903 |
18,223 | 19,310 | 17,801 | |
67/77 |
4,489 | 4,973 | 4,073 | |
9904 |
13,734 | 14,337 | 13,728 | |
9905 |
13,734 | 14,337 | 13,728 | |
| Appropriation of the result | ||||
9906 |
41,798 | 28,065 | 13,728 | |
14P |
28,065 | 13,728 | - | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 19,981 | 20,591 | 18,281 | ||
| 14,503 | 14,887 | 13,741 | ||
| -0 | 2,687 | 2,346 | ||
| 10,204 | 6,811 | - | ||
| 40,098 | 25,595 | 13,395 | ||
| 79.0% | 74.7% | 60.3% | ||
| 4.44 | 3.51 | 2.30 | ||
| 0.27 | 0.34 | 0.66 | ||
| 31.4% | 47.7% | 87.3% | ||
| 24.8% | 35.6% | 52.7% | ||
| 15.18 | 23.78 | 39.15 |
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.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 |
|---|---|---|---|
| Tangible fixed assets | - | €2,687 | €696 |
| Financial fixed assets | - | - | €1,650 |
| €769 | €550 | €13 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on ARGO Development
The operating result for 2025 is 4% lower than in 2024.
Debt's share of the balance-sheet total falls from 25.3% to 21.0%. Equity and debt are higher.
Board & ownership
Board
1 director, no change since October 2022Mandates through the years
1 name, the dashed line is todayGOUBAU Arnaud
Director
Director
Board
Mandates as a list
- GOUBAU Arnaud
- Director, appointed by deed of 13-10-2022, still in office
Control
Capital
- Contribution
- €2,000
- Source
- 2025 annual accounts
Articles of association
deed of 13-10-2022 (in Dutch)- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of December at 18:00
Network & group
No group
ARGO Development has no parent and no holdings in its annual accounts. GOUBAU Arnaud is the only director. ARGO Development shares no director with another company.
At the same address
Gangstraat 31, 1050 Ixelles · 2 other companies| ACP- Rue Du couloir 31-1050 Ixelles
registered office since 08-06-2020 |
founded in 2020 0805.789.490 |
| Allegria
registered office since 01-10-2014 |
founded in 2014 0563.518.629 |
Timeline
Timeline
7 events since 2022Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-01-2027
2026
Annual accounts 2025 filed PDFmicro format · 2 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0792287486
Annual accounts 2024 filed PDFmicro format · 2 days late
2024
Highest result from 2023 to 2025 net €14,337 ▲4.4% The operating result of €20,041 and the net result of €14,337 are both a record.
Annual accounts 2023 filed PDFmicro format · 9 days before the deadline
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
ARGO Development was incorporated on 11 October 2022 as a private limited company.1 GOUBAU Arnaud is director of the company, appointed by deed of 13-10-2022.2 Total assets rose from €26,064 in 2023 to €55,461 in 2025.3
Company details
Identity
- Enterprise number
- 0792.287.486
- VAT number
- BE 0792.287.486
- Peppol ID
- 0208:0792287486
- Other Peppol ID
- 9925:BE0792287486
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 11-10-2022
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of December at 18:00deed of 13-10-2022 (in Dutch)
- Peppol
- Reachable since 02-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- ARGO Development in Dutch
- Entity type
- Legal entity
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Gangstraat 31 registered office 1050 Ixelles | 11-10-2022 | 2.337.052.969 |
Buildings and parcels at the address
- Ground area
- 214 m²
- Buildings
- 134 m²
- Volume, LiDAR
- 1,504 m³
- Tallest building
- 17.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21442A0146/00E015 | 214 m² | 1 · 134 m² | 17.2 m · 3 |