ARGO PROJECTS
ActiveSummary
The annual accounts of ARGO PROJECTS for fiscal year 2025 show a net loss of 75% of total assets and of 55% of the equity at the start of that year. The 2025 annual accounts show equity of €23k and a net result of €-28k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 55% of 31791 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency86▼-12
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.54 against 3.49 in 2024; short-term debt: 29.3% and cash: 1.1% of total assets), and 38.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.5%
Return on assets
-74.7%
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-28k
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 09-06-2026, 52 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
52 d early
2024
1 d early
2023
2 d early
2022
31 d late
2021
3 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▼ 54.9%
2024 · €52k
Total assets
€38k▼ 46.5%
2024 · €71k
Net result
€-28k▼ 21.1%
2024 · €-23k
Working capital
€6k▼ 78.7%
2024 · €28k
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€17k▼ 19.7%€377▼ 97.7%€16k▲ 4,105%€-22k€-27k▼ 22.6%
Net result€11k▼ 24.1%€-509€12k€-23k€-28k▼ 21.1%
Equity€64k▲ 21.2%€63k▼ 0.8%€75k▲ 18.5%€52k▼ 31.2%€23k▼ 54.9%
Total assets€114k▲ 6.3%€91k▼ 19.9%€103k▲ 12.9%€71k▼ 31.3%€38k▼ 46.5%
Debt€50k▼ 8.0%€28k▼ 44.2%€28k▲ 0.1%€19k▼ 31.5%€15k▼ 23.9%
Working capital€8k€33k▲ 296%€46k▲ 39.5%€28k▼ 38.7%€6k▼ 78.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27k in 2025 against €22k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38k
Fixed assets
€21k ▼ 33.0%
Current assets
€17k ▼ 56.9%
Equity and liabilities €38k
Equity
€23k ▼ 54.9%
Debt
€15k ▼ 23.9%
Debt's share of the balance-sheet total rises from 27.1% to 38.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-17k▼
2024 · €-11k
Cash flow
€-18k▼
2024 · €-12k
Current ratio
1.54▼
2024 · 3.49
Quick ratio
0.16▼
2024 · 1.81
Debt to equity
0.63▲
2024 · 0.37
ROE
-121.5%▼
2024 · -45.3%
ROA
-74.7%▼
2024 · -33.0%
Interest coverage
-21.00▼
2024 · -12.05
Debt ≤ 1 year
€11k▼
2024 · €11k
Debt > 1 year
€3k▼
2024 · €7k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €413 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €2k | €2k | €2k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €12k | €10k | €11k | €10k | ▼ 6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €8k | €-2k | €0 | ▲ 100% |
| Other operating charges640/8 | €613 | €479 | €538 | €559 | €573 | ▲ 2.6% |
| Non-recurring operating charges66A | €131 | - | - | - | - | - |
| Gross operating margin9900 | €32k | €15k | €36k | €-13k | €-17k | ▼ 28.6% |
| Operating profit (loss)9901 | €17k | €377 | €16k | €-22k | €-27k | ▼ 22.6% |
| Financial income75/76B | - | €50 | €300 | €0 | - | - |
| Recurring financial income75 | - | €50 | €300 | €0 | - | - |
| Financial charges65/66B | €2k | €606 | €1k | €953 | €822 | ▼ 13.7% |
| Recurring financial charges65 | €2k | €606 | €1k | €953 | €822 | ▼ 13.7% |
| Profit (loss) for the period before taxes9903 | €14k | €-180 | €15k | €-23k | €-28k | ▼ 21.1% |
| Income taxes67/77 | €3k | €329 | €3k | €0 | - | - |
| Profit (loss) for the period9904 | €11k | €-509 | €12k | €-23k | €-28k | ▼ 21.1% |
| Profit (loss) for the period to be appropriated9905 | €11k | €-509 | €12k | €-23k | €-28k | ▼ 21.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114k | €91k | €103k | €71k | €38k | ▼ 46.5% |
| Formation expenses20 | €540 | - | - | - | - | - |
| Fixed assets21/28 | €57k | €45k | €40k | €31k | €21k | ▼ 33.0% |
| Intangible fixed assets21 | €55k | €45k | €36k | €27k | €18k | ▼ 33.3% |
| Tangible fixed assets22/27 | €2k | €361 | €4k | €4k | €3k | ▼ 31.3% |
| Plant, machinery and equipment23 | €1k | - | €4k | €3k | €2k | ▼ 25.8% |
| Furniture and vehicles24 | €761 | €361 | €809 | €1k | €592 | ▼ 45.6% |
| Financial fixed assets28 | €41 | €41 | €41 | €41 | €41 | = |
| Current assets29/58 | €56k | €46k | €63k | €40k | €17k | ▼ 56.9% |
| Stocks and contracts in progress3 | €24k | €23k | €15k | €19k | €15k | ▼ 19.5% |
| Stocks30/36 | €24k | €23k | €15k | €19k | €15k | ▼ 19.5% |
| Amounts receivable within one year40/41 | €13k | €11k | €17k | €16k | €122 | ▼ 99.2% |
| Trade receivables40 | €9k | €8k | €13k | €15k | €0 | ▼ 100% |
| Other amounts receivable41 | €4k | €3k | €4k | €670 | €122 | ▼ 81.9% |
| Cash at bank and in hand54/58 | €17k | €10k | €29k | €3k | €402 | ▼ 86.6% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €2k | €1k | ▼ 41.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114k | €91k | €103k | €71k | €38k | ▼ 46.5% |
| Equity10/15 | €64k | €63k | €75k | €52k | €23k | ▼ 54.9% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €42k | €41k | €53k | €30k | €1k | ▼ 95.6% |
| Amounts payable17/49 | €50k | €28k | €28k | €19k | €15k | ▼ 23.9% |
| Amounts payable after more than one year17 | - | €15k | €11k | €7k | €3k | ▼ 56.5% |
| Financial debts170/4 | - | €15k | €11k | €7k | €3k | ▼ 56.5% |
| Amounts payable within one year42/48 | €48k | €13k | €16k | €11k | €11k | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | - | €4k | €4k | €4k | €4k | ▲ 2.8% |
| Trade debts44 | - | €1k | €3k | €5k | €1k | ▼ 73.9% |
| Suppliers440/4 | - | €1k | €3k | €5k | €1k | ▼ 73.9% |
| Taxes, remuneration and social security45 | €113 | - | €1k | €0 | - | - |
| Taxes450/3 | €113 | - | €1k | €0 | - | - |
| Other amounts payable47/48 | €48k | €8k | €8k | €3k | €6k | ▲ 107% |
| Accrued charges and deferred income492/3 | €2k | €138 | €457 | €446 | €303 | ▼ 32.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €-509 | €12k | €-23k | €-28k | ▼ 21.1% |
| + Depreciation and write-downs630 | €12k | €12k | €10k | €11k | €10k | ▼ 6.5% |
| Operating cash flow (approximation) | €24k | €11k | €22k | €-12k | €-18k | ▼ 45.4% |
| Investment in fixed assets (approximation) | - | €-540 | €-5k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €-8k | €19k | €-26k | €-3k | ▲ 90.0% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 3.64
Current ratio from 1.17 to 3.64; short-term debt falls from €48k to €13k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €15k ▲27.7%
Operating result €21k, net result €15k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, La Roche-en-Ardenne · 1 establishment unit since 2018
Ground area
3,663 m²
Building footprint
689 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Argo Projects
since 20182.274.881.909
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83034B0688/00E002 | Wallonia | 2,658 m² | 1 · 459 m² | - |
| 83046A0213/00P000 | Wallonia | 1,004 m² | 1 · 230 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 32,162 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
25999Manufacture of fabricated metal products, except machinery and equipment
90120Visual arts creation
Contact
E-mail
laurent_berbach@yahoo.comMarche-en-Famenne
Phone
0495/76.90.00Marche-en-Famenne
Scores and ratios are computed by Checked and are not a credit decision.