ARGON SELECTIE
ActiveSummary
ARGON SELECTIE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €222k and a net result of €-19k. Equity is shrinking by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 315 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-65
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 45.31 against 22.03 in 2024; short-term debt: 2.2% and cash: 94.8% of total assets), and 2.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
on the day
2023
27 d late
2022
30 d late
2021
22 d late
2020
25 d late
2019
31 d late
← 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, abbreviated schema
Equity
€222k▼ 7.9%
2024 · €241k
2018: €461khighest in 8 years
2019: €413k▼ -10.3% vs 2018
2020: €329k▼ -20.5% vs 2019
2021: €329k▲ +0.2% vs 2020
2022: €286k▼ -13.1% vs 2021
2023: €241k▼ -15.9% vs 2022
2024: €241k● +0.0% vs 2023
2025: €222k▼ -7.9% vs 2024lowest in 8 years
2018 → 2025
Total assets
€227k▼ 10.1%
2024 · €252k
2018: €745khighest in 8 years
2019: €433k▼ -41.8% vs 2018
2020: €498k▲ +14.8% vs 2019
2021: €423k▼ -15.1% vs 2020
2022: €328k▼ -22.4% vs 2021
2023: €288k▼ -12.1% vs 2022
2024: €252k▼ -12.5% vs 2023
2025: €227k▼ -10.1% vs 2024lowest in 8 years
2018 → 2025
Net result
€-19k
2024 · €9k
2018: €309khighest in 8 years
2019: €-48k▼ -115% vs 2018lowest in 8 years
2020: €40k▲ +185% vs 2019
2021: €61k▲ +50.3% vs 2020
2022: €-13k▼ -122% vs 2021
2023: €-15k▼ -16.9% vs 2022
2024: €9k▲ +161% vs 2023
2025: €-19k▼ -301% vs 2024
2018 → 2025
Working capital
€221k▼ 7.6%
2024 · €240k
2018: €458khighest in 8 years
2019: €412k▼ -10.1% vs 2018
2020: €326k▼ -20.7% vs 2019
2021: €327k▲ +0.1% vs 2020
2022: €284k▼ -13.0% vs 2021
2023: €238k▼ -16.2% vs 2022
2024: €240k▲ +0.5% vs 2023
2025: €221k▼ -7.6% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€329k-€286k▼ 13.1%€241k▼ 15.9%€241k=€222k▼ 7.9%
2021: €329khighest in 5 years
2022: €286k▼ -13.1% vs 2021
2023: €241k▼ -15.9% vs 2022
2024: €241k● +0.0% vs 2023
2025: €222k▼ -7.9% vs 2024lowest in 5 years
Operating result€61k-€-13k€-15k▼ 17.9%€10k€-19k
2021: €61khighest in 5 years
2022: €-13k▼ -121% vs 2021
2023: €-15k▼ -17.9% vs 2022
2024: €10k▲ +163% vs 2023
2025: €-19k▼ -298% vs 2024lowest in 5 years
Net result€61k-€-13k€-15k▼ 16.9%€9k€-19k
2021: €61khighest in 5 years
2022: €-13k▼ -122% vs 2021
2023: €-15k▼ -16.9% vs 2022
2024: €9k▲ +161% vs 2023
2025: €-19k▼ -301% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €19k after €10k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €227k
Fixed assets
€457 ▼ 60.4%
Current assets
€226k ▼ 9.8%
Equity and liabilities €227k
Equity
€222k ▼ 7.9%
Debt
€5k ▼ 56.2%
Debt's share of the balance-sheet total falls from 4.5% to 2.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-18k▼
2024 · €11k
Cash flow
€-18k▼
2024 · €11k
Current ratio
45.31▲
2024 · 22.03
Debt to equity
0.02▼
2024 · 0.05
ROE
-8.6%▼
2024 · 3.9%
ROA
-8.4%▼
2024 · 3.8%
Interest coverage
-204.93▼
2024 · 104.05
Debt ≤ 1 year
€5k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€252k€227k▼
Fixed assets21/28€1k€457▼
Tangible fixed assets22/27€1k€457▼
Plant, machinery and equipment23€1k€457▼
Current assets29/58€251k€226k▼
Amounts receivable within one year40/41€25k€11k▼
Trade receivables40€24k€11k▼
Other amounts receivable41€1k-
Cash at bank and in hand54/58€225k€215k▼
Deferred charges and accrued income490/1€201€219▲
Equity and liabilities
Total equity and liabilities10/49€252k€227k▼
Equity10/15€241k€222k▼
Contributions10/11€80k€80k=
Capital10€80k€80k=
Issued capital100€80k€80k=
Reserves13€125k€125k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€117k€117k=
Profit (loss) carried forward14€36k€17k▼
Amounts payable17/49€11k€5k▼
Amounts payable within one year42/48€11k€5k▼
Trade debts44€2k€398▼
Suppliers440/4€2k€398▼
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Other amounts payable47/48€9k€270▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€698▼
Other operating charges640/8€627€594▼
Gross operating margin9900€11k€-18k▼
Operating profit (loss)9901€10k€-19k▼
Financial income75/76B€1€14▲
Recurring financial income75€1€14▲
Financial charges65/66B€104€89▼
Recurring financial charges65€104€89▼
Profit (loss) for the period before taxes9903€9k€-19k▼
Profit (loss) for the period9904€9k€-19k▼
Profit (loss) for the period to be appropriated9905€9k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€17k▼
Profit (loss) brought forward from the previous period14P€26k€36k▲
Transfer from equity791/2€9k-
Profit to be distributed694/7€9k-
Return on contributions (dividend)694€9k-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €792 | €793 | €1k | €698 | ▼ 44.1% |
| Other operating charges640/8 | €459 | €460 | €499 | €627 | €594 | ▼ 5.3% |
| Gross operating margin9900 | €66k | €-12k | €-14k | €11k | €-18k | ▼ 254% |
| Operating profit (loss)9901 | €61k | €-13k | €-15k | €10k | €-19k | ▼ 298% |
| Financial income75/76B | - | €3 | €3 | €1 | €14 | ▲ 1,300% |
| Recurring financial income75 | - | €3 | €3 | €1 | €14 | ▲ 1,300% |
| Financial charges65/66B | €473 | €222 | €129 | €104 | €89 | ▼ 14.4% |
| Recurring financial charges65 | €473 | €222 | €129 | €104 | €89 | ▼ 14.4% |
| Profit (loss) for the period before taxes9903 | €61k | €-13k | €-15k | €9k | €-19k | ▼ 301% |
| Income taxes67/77 | €74 | €1 | - | - | - | - |
| Profit (loss) for the period9904 | €61k | €-13k | €-15k | €9k | €-19k | ▼ 301% |
| Profit (loss) for the period to be appropriated9905 | €61k | €-13k | €-15k | €9k | €-19k | ▼ 301% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €423k | €328k | €288k | €252k | €227k | ▼ 10.1% |
| Fixed assets21/28 | €3k | €2k | €2k | €1k | €457 | ▼ 60.4% |
| Tangible fixed assets22/27 | €3k | €2k | €2k | €1k | €457 | ▼ 60.4% |
| Plant, machinery and equipment23 | €3k | €2k | €2k | €1k | €457 | ▼ 60.4% |
| Current assets29/58 | €420k | €326k | €286k | €251k | €226k | ▼ 9.8% |
| Amounts receivable within one year40/41 | €17k | €26k | €6k | €25k | €11k | ▼ 56.0% |
| Trade receivables40 | €16k | €10k | - | €24k | €11k | ▼ 53.6% |
| Other amounts receivable41 | €600 | €15k | €6k | €1k | - | - |
| Cash at bank and in hand54/58 | €403k | €300k | €275k | €225k | €215k | ▼ 4.7% |
| Deferred charges and accrued income490/1 | - | - | €5k | €201 | €219 | ▲ 9.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €423k | €328k | €288k | €252k | €227k | ▼ 10.1% |
| Equity10/15 | €329k | €286k | €241k | €241k | €222k | ▼ 7.9% |
| Contributions10/11 | €80k | €80k | €80k | €80k | €80k | = |
| Capital10 | €80k | €80k | €80k | €80k | €80k | = |
| Issued capital100 | €80k | €80k | €80k | €80k | €80k | = |
| Reserves13 | €164k | €164k | €134k | €125k | €125k | = |
| Non-distributable reserves130/1 | €8k | €8k | €8k | €8k | €8k | = |
| Legal reserve130 | €8k | €8k | €8k | €8k | €8k | = |
| Distributable reserves133 | €156k | €156k | €126k | €117k | €117k | = |
| Profit (loss) carried forward14 | €85k | €42k | €26k | €36k | €17k | ▼ 53.0% |
| Amounts payable17/49 | €93k | €42k | €47k | €11k | €5k | ▼ 56.2% |
| Amounts payable within one year42/48 | €93k | €42k | €47k | €11k | €5k | ▼ 56.2% |
| Trade debts44 | €29k | €12k | €17k | €2k | €398 | ▼ 79.3% |
| Suppliers440/4 | €29k | €12k | €17k | €2k | €398 | ▼ 79.3% |
| Taxes, remuneration and social security45 | €4k | €74 | - | - | €4k | - |
| Taxes450/3 | €4k | €74 | - | - | €4k | - |
| Other amounts payable47/48 | €60k | €30k | €30k | €9k | €270 | ▼ 97.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €-13k | €-15k | €9k | €-19k | ▼ 301% |
| + Depreciation and write-downs630 | €1k | €792 | €793 | €1k | €698 | ▼ 44.1% |
| Operating cash flow (approximation) | €62k | €-12k | €-15k | €11k | €-18k | ▼ 271% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €0 | €0 | ▼ 100% |
| Change in cash | - | €-103k | €-26k | €-50k | €-10k | ▲ 78.9% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 45.31
Current ratio from 22.03 to 45.31; short-term debt falls from €11k to €5k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 22.03
Current ratio from 6.03 to 22.03; short-term debt falls from €47k to €11k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Liquidity times 8current ratio 21.55
Current ratio from 2.61 to 21.55; short-term debt falls from €284k to €20k.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Harelbeke · 1 establishment unit since 2001
Ground area
667 m²
Building footprint
224 m²
Volume, LiDAR
1,077 m³
Parcel 34017B0805/00S000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARGON SELECTIE
since 20012.098.215.017
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017B0805/00S000 | Flanders | 667 m² | 1 · 224 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,360 companies in sector 78100 we hold annual accounts for 1,363. 1,041 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-05-2001
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
Scores and ratios are computed by Checked and are not a credit decision.