ARGO GROUP
ActiveSummary
The computed 12-month bankruptcy probability of ARGO GROUP is 1.6% (moderate). The 2024 annual accounts show equity of €2,950 and a net result of -€194. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 73% of 1308 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 42 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,441 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €353 | - | €1,234 | - | - |
| Gross operating margin9900 | - | €913 | -€1,687 | €4,636 | -€128 | ▼ 103% |
| Operating profit (loss)9901 | - | €560 | -€1,687 | €3,403 | -€128 | ▼ 104% |
| Financial charges65/66B | - | €181 | €132 | €153 | €67 | ▼ 56.4% |
| Recurring financial charges65 | - | €181 | €132 | €153 | €67 | ▼ 56.4% |
| Profit (loss) for the period before taxes9903 | - | €379 | -€1,819 | €3,250 | -€194 | ▼ 106% |
| Profit (loss) for the period9904 | - | €379 | -€1,819 | €3,250 | -€194 | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | - | €379 | -€1,819 | €3,250 | -€194 | ▼ 106% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,335 | €2,950 | €3,245 | €9,344 | €4,332 | ▼ 53.6% |
| Current assets29/58 | €1,335 | €2,950 | €3,245 | €9,344 | €4,332 | ▼ 53.6% |
| Amounts receivable within one year40/41 | €1,327 | €2,950 | €3,245 | €9,344 | €4,324 | ▼ 53.7% |
| Trade receivables40 | - | €2,950 | €2,950 | - | - | - |
| Other amounts receivable41 | - | - | €295 | €9,344 | €4,324 | ▼ 53.7% |
| Cash at bank and in hand54/58 | €8 | - | - | €0 | €7 | ▲ 11,700% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,335 | €2,950 | €3,245 | €9,344 | €4,332 | ▼ 53.6% |
| Equity10/15 | €1,335 | €1,714 | -€106 | €3,144 | €2,950 | ▼ 6.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €12,400 | - | - | - | - |
| Profit (loss) carried forward14 | -€4,865 | -€4,486 | -€6,306 | -€3,056 | -€3,250 | ▼ 6.4% |
| Amounts payable17/49 | - | €1,236 | €3,350 | €6,200 | €1,382 | ▼ 77.7% |
| Amounts payable after more than one year17 | - | €16 | - | - | - | - |
| Other amounts payable178/9 | - | €16 | - | - | - | - |
| Amounts payable within one year42/48 | - | €1,220 | €3,350 | €6,200 | €1,382 | ▼ 77.7% |
| Financial debts43 | - | - | €11 | - | - | - |
| Credit institutions430/8 | - | - | €11 | - | - | - |
| Trade debts44 | - | €510 | - | - | €472 | - |
| Suppliers440/4 | - | €510 | - | - | €472 | - |
| Advances received on contracts in progress46 | - | - | - | €6,200 | - | - |
| Taxes, remuneration and social security45 | - | €446 | - | - | €910 | - |
| Taxes450/3 | - | €446 | - | - | €910 | - |
| Other amounts payable47/48 | - | €264 | €3,339 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | €379 | -€1,819 | €3,250 | -€194 | ▼ 106% |
| Operating cash flow (approximation) | - | €379 | -€1,819 | €3,250 | -€194 | ▼ 106% |
| Change in cash | - | - | - | - | €7 | - |
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 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43005D1031/00N002 | Flanders | 230 m² | 1 · 86 m² | 10.6 m · 1 fl. |
| 43005D0231/00T000 | Flanders | 150 m² | 1 · 85 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.