ARGO RECLAME
ActiveARGO RECLAME has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €535k and a net result of €153k. Equity is growing by ~31.1% per year across the filed fiscal years. Its solvency ranks better than 63% of 1633 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+4
Solvency84▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 3.21 against 2.47 in 2024; short-term debt: 20% and cash: 35.9% of total assets), and 41% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
59%
Return on assets
16.8%
Age of the figures
9 mo
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
69 d early
2023
68 d early
2022
62 d early
2021
52 d early
2020
51 d early
2019
53 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, abbreviated schema
Equity
€535k▲ 39.9%
2024 · €382k
2018: €100k
2019: €91k
2020: €118k
2021: €147k
2022: €187k
2023: €268k
2024: €382k
2018 → 2025
Total assets
€908k▲ 11.5%
2024 · €814k
2018: €144k
2019: €147k
2020: €187k
2021: €191k
2022: €501k
2023: €627k
2024: €814k
2018 → 2025
Net result
€153k▲ 33.1%
2024 · €115k
2018: €-15k
2019: €-9k
2020: €27k
2021: €29k
2022: €40k
2023: €103k
2024: €115k
2018 → 2025
Working capital
€401k▲ 57.1%
2024 · €255k
2018: €96k
2019: €78k
2020: €103k
2021: €129k
2022: €118k
2023: €174k
2024: €255k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€147k-€187k▲ 27.2%€268k▲ 43.2%€382k▲ 42.9%€535k▲ 39.9%
Operating result€40k-€65k▲ 61.6%€154k▲ 136%€173k▲ 12.2%€220k▲ 27.5%
Net result€29k-€40k▲ 40.0%€103k▲ 158%€115k▲ 11.4%€153k▲ 33.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €908k
Fixed assets
€325k▼ 15.5%
Current assets
€583k▲ 35.7%
Equity and liabilities €908k
Equity
€535k▲ 39.9%
Debt
€373k▼ 13.6%
The debt ratio falls from 53.0% to 41.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€299k▲
2024 · €236k
Cash flow
€232k▲
2024 · €178k
Solvency
59.0%▲
2024 · 47.0%
Current ratio
3.21▲
2024 · 2.47
Quick ratio
3.00▲
2024 · 2.27
Debt / equity
0.70▼
2024 · 1.13
ROE
28.5%▼
2024 · 30.0%
ROA
16.8%▲
2024 · 14.1%
Interest coverage
12.70▲
2024 · 10.40
Debt
€373k▼
2024 · €431k
Debt ≤ 1 year
€182k▲
2024 · €174k
Debt > 1 year
€189k▼
2024 · €257k
Income taxes
€56k▲
2024 · €40k
Staff costs
€353k▲
2024 · €285k
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€814k€908k▲
Fixed assets21/28€384k€325k▼
Intangible fixed assets21€163k€142k▼
Tangible fixed assets22/27€221k€183k▼
Plant, machinery and equipment23€210k€176k▼
Furniture and vehicles24€11k€7k▼
Current assets29/58€430k€583k▲
Stocks and contracts in progress3€34k€38k▲
Stocks30/36€34k€38k▲
Amounts receivable within one year40/41€187k€202k▲
Trade receivables40€172k€168k▼
Other amounts receivable41€15k€35k▲
Current investments50/53€11k€11k▲
Cash at bank and in hand54/58€194k€326k▲
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€814k€908k▲
Equity10/15€382k€535k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€364k€517k▲
Amounts payable17/49€431k€373k▼
Amounts payable after more than one year17€257k€189k▼
Financial debts170/4€257k€189k▼
Amounts payable within one year42/48€174k€182k▲
Current portion of amounts payable after more than one year42€74k€78k▲
Trade debts44€25k€60k▲
Suppliers440/4€25k€60k▲
Taxes, remuneration and social security45€53k€40k▼
Taxes450/3€12k€11k▼
Remuneration and social security454/9€42k€28k▼
Other amounts payable47/48€21k€4k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Non-recurring operating income76A-€41
Remuneration, social security and pensions62€285k€353k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€79k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€2k€262▼
Gross operating margin9900€525k€654k▲
Operating profit (loss)9901€173k€220k▲
Financial income75/76B€5k€12k▲
Recurring financial income75€5k€12k▲
Financial charges65/66B€23k€24k▲
Recurring financial charges65€23k€24k▲
Profit (loss) for the period before taxes9903€155k€209k▲
Income taxes67/77€40k€56k▲
Profit (loss) for the period9904€115k€153k▲
Profit (loss) for the period to be appropriated9905€115k€153k▲
Appropriation of the result
Profit (loss) to be appropriated9906€364k€517k▲
Profit (loss) brought forward from the previous period14P€249k€364k▲
Social balance
Average headcount (FTE)90875.46.0▲
The notes to these accounts (17 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
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €153k ▲33.1%
Operating result €220k, net result €153k, both a record.
31-12
Financial
Equity above €500kEq €535k ▲39.9%
6 profitable years in a row build equity to €535k.
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €268k ▲43.2%
4 profitable years in a row build equity to €268k.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €187k ▲27.2%
3 profitable years in a row build equity to €187k.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €27k
Net result €27k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €118k ▲30.1%
Equity rises from €91k to €118k.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Lokeren · 1 establishment unit since 1997
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.
Moortelstraat 259160 LokerenGround area
1,786 m²
Building footprint
359 m²
Parcel 46382B1448/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
Moortelstraat 25, 9160 Lokeren
since 19972.080.645.545
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B1448/00K000 | Flanders | 1,786 m² | 1 · 359 m² | - |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 84 EUR awarded · 84 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 84 EUR |
| 2024 | 1 | 84 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,755. 2,106 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-02-1997
Fiscal year end31-12
Abbreviation NL
ARGO
Activities, NACEBEL
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.