Equity
€82,140 ▲ 18.7%
ArGo Logistics paid out €1,666 in dividends. That is 10% of the 2025 profit.
ArGo Logistics
Lifetime
7 annual accounts with figures on one time axispeak €85,932 (2025)
€85,932▲ 35.3%
lowest -€7,359 (2021)
€16,604▲ 86.7%
peak €82,140 (2025)
€82,140▲ 18.7%
€35,450▲ 353%
Board3 names since 2019
2 directorsINALKAYEV Arbi and 1 other
Documentsfilings and deeds
14-07-202617 days before the deadline
2025micro format
Gross margin from €63,521 to €85,932Result from €8,896 to €16,604Dividend €1,666Equity from €69,203 to €82,140Debts from €7,827 to €35,450Investments €57,238
Key points
from the 2025 annual accountsTurnover
≈ €260,000 estimated
The micro format states no turnover.
Investments
€57,457 8.5 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.48 was 7.96 in 2024
Short-term debts rose from €7,827 to €35,450.
Filings
7 annual accounts since 2019
The last five annual accounts were filed 11 to 34 days before the end of the period.
Starting capital
€18,600 300 shares
Checked score
68
Healthy
Financially stronger than 58% of micro companies in repair and installation of machinery (NACE 33)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 2,397 companies (NACE 33, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.8%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.5%▼ -0.3 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.2%▼ -0.3 percentage points vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.3%▲ +0.1 percentage points vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 1.0%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 1.0%● unchanged vs 08-2026highest value
10-2026: 0.9%▼ -0.1 percentage points vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)
Founded in 2019
Liquidity: current ratio 1.48, cash €4,372, halved
Size: total assets €117,591
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 33, micro). It does better than 78% of them on solvency, 32% on liquidity, 63% on profitability and 61% 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 26,972 companies had the same profile as ArGo Logistics has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ArGo Logistics itself: 0.9% within 12 months.
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 26,972 companies, not a prediction for ArGo Logistics. 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 €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.48 (7.96 in 2024), below the usual 1.5. Short-term debt is 30.1% and cash 3.7% of total assets. 30.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises riskneutral
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 14-07-2026, 17 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
17 days early
2024
34 days early
2023
30 days early
2022
11 days early
2021
29 days early
2020
35 days early
2019
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 33), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BILICHENKO, Igor founderdeed of 15-02-2019
- INALKAYEV, Arbi Abuyazitovitch founderdeed of 15-02-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0720690303
Registered office moved within Ghent
New registered office: Jan Lampensstraat 36, 9000 Gent · Previous registered office: Charles Andrieslaan 149, 9000 Gent · General meeting of 04-08-2023 · Gazette deed
Resignation: Igor Bilichenko (director)
Director discharge: Igor Bilichenko · General meeting of 15-03-2022 · Gazette deed
Changes of role: BILICHENKO Igor (director) and INALKAYEV Arbi (director)
Director discharge: BILICHENKO Igor · Director discharge: INALKAYEV Arbi · General meeting of 08-10-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ArGo Logistics Ghent | €117,591 | €85,932 | 69.9% | - |
| NIRO Zele | €140,363 | €79,426 | 43.7% | - |
| 2 Fix Machines Grobbendonk | €131,557 | €67,677 | 6.1% | 0 |
| COVATEC Stekene | €123,661 | €64,921 | 29.4% | - |
| Simon's Solutions Brakel | €161,921 | €87,922 | 44.0% | - |
| MECON SERVICES Zele | €162,136 | €71,523 | 53.6% | - |
| N.E.A. GROUP Houthalen-Helchteren | €98,770 | €74,358 | 72.1% | - |
These companies have the same main activity as ArGo Logistics: repair and maintenance of machinery (NACE 33120). They are comparable in size and age: total assets between €98,800 and €162,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 13-02-2019Normal situation
- Activity
- Repair and maintenance of machineryNACE 33120and 1 other
- Joint committee
- 140Transport and logistics · annual accounts 2025
- Establishment unit
- 2.285.212.4099000 Ghent, since 13-02-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 05-10-2025
Annual accounts 2025
- €117,591▲ 52.7%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on ArGo Logistics
ArGo Logistics files the micro format. That format states no turnover. The gross margin rose from €32,741 in 2019 to €85,932 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ArGo Logistics
- What is the company number of ArGo Logistics?
- The company number of ArGo Logistics is 0720.690.303. The VAT number is the same number with BE in front: BE 0720.690.303.
- Where is ArGo Logistics based?
- The registered office is at Jan Lampensstraat 36, 9000 Ghent.Company details
- What does ArGo Logistics do?
- According to the KBO register, the main activity is repair and maintenance of machinery (NACE 33120).
- What is the legal form of ArGo Logistics?
- ArGo Logistics is a private limited company (BV).
- When was ArGo Logistics founded?
- ArGo Logistics was founded on 13-02-2019.
- Is ArGo Logistics still active?
- Yes, ArGo Logistics is an active enterprise in the KBO register.
- How many employees does ArGo Logistics have?
- ArGo Logistics had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ArGo Logistics fall under?
- In its 2025 annual accounts, ArGo Logistics states joint committee 140 (Transport and logistics).
- What is the turnover of ArGo Logistics?
- The turnover in financial year 2025 is ≈ €260,000. This figure is estimated from the gross margin of €85,932 and 2,667 comparable companies of the same size. It probably lies between €170,000 and €450,000. It is a rough estimate.
- Is ArGo Logistics profitable?
- In financial year 2025, ArGo Logistics made a profit of €16,604.
- Where can I find the annual accounts of ArGo Logistics?
- ArGo Logistics filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ArGo Logistics due?
- ArGo Logistics must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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