Turnover
≈ €210,000 estimated
The micro format states no turnover.
ARGON2
Lifetime
1 annual account with figurespeak €68,608 (2025)
€68,608
peak €39,730 (2025)
€39,730
peak €41,064 (2025)
€41,064
€20,347
Board2 names since 2024
2 directorsARGUELLO GANCEDO Juan Manuel and 1 other
Documentsfilings and deeds
09-06-202652 days before the deadline
2025micro format
Dividend €1,666First year with figures
Key points
from the 2025 annual accountsStarting capital
€3,000 100 shares
Checked score
87
Excellent
Financially stronger than 83% of micro companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,709 companies (NACE 25, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
05-2025: 1.8%
06-2025: 1.9%▲ +0.1 percentage points vs 05-2025
07-2025: 2.2%▲ +0.3 percentage points vs 06-2025
08-2025: 2.3%▲ +0.1 percentage points vs 07-2025
09-2025: 2.6%▲ +0.3 percentage points vs 08-2025
10-2025: 2.6%● unchanged vs 09-2025
11-2025: 2.9%▲ +0.3 percentage points vs 10-2025
12-2025: 2.9%● unchanged vs 11-2025
01-2026: 2.8%▼ -0.1 percentage points vs 12-2025
02-2026: 2.9%▲ +0.1 percentage points vs 01-2026
03-2026: 3.2%▲ +0.3 percentage points vs 02-2026
04-2026: 3.2%● unchanged vs 03-2026
05-2026: 3.2%● unchanged vs 04-2026highest value
06-2026: 3.2%● unchanged vs 05-2026highest value
07-2026: 0.4%▼ -2.8 percentage points vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: total assets €61,411
lowers risk
Liquidity: current ratio 1.68, cash €28,927
Equity €41,064 (66.9% of total assets)
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 25, micro). It does better than 72% of them on solvency, 84% on liquidity and 94% on profitability.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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, 39,278 companies had the same profile as ARGON2 has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARGON2 itself: 0.4% 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 39,278 companies, not a prediction for ARGON2. 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 €3,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.68, above the usual 1.5. Short-term debt is 33.1% and cash 47.1% of total assets. 33.1% 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.
lowers riskraises 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 09-06-2026, 52 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
52 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1007945905
Incorporation
Founding capital of €3,000, 100 shares · Founder: ARGUELLO GANCEDO Juan Manuel · Appointments: ARGUELLO GANCEDO Juan Manuel (director) and ARGÜELLO GANCEDO Miguel (director) · published on 05-04-2024 · Gazette deed
First establishment
Rue Hodister 126, Pepinster
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARGON2 Pepinster | €61,411 | €68,608 | 66.9% | - |
| Vandegaar Ferronnerie Aubel | €96,400 | €72,342 | 81.7% | - |
| Schmitt Services Beveren-Kruibeke-Zwijndrecht | €67,181 | €66,344 | 68.6% | - |
| JVG Valbeveiliging Aalter | €106,946 | €87,171 | 19.2% | - |
| VM-INDUSTRIES Beveren-Kruibeke-Zwijndrecht | €114,293 | €62,111 | 62.8% | - |
| TOM BUELENS Buggenhout | €115,881 | €62,931 | 45.4% | - |
| FER A SOUDER FILS Schaerbeek | €47,653 | €34,568 | 76.1% | - |
These companies have the same main activity as ARGON2: forging of metal (NACE 25401). They are comparable in size and age: total assets between €47,700 and €116,000, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 03-04-2024Normal situation
- Activity
- Forging of metalNACE 25401and 2 others
- Establishment unit
- 2.358.039.2174860 Pepinster, since 03-04-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 18-09-2025
Annual accounts 2025
- €61,411
- Filing
- Filed on 09-06-2026, 52 days before the end of the filing period
Insights on ARGON2
ARGON2 has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41,064 and a net result of €39,730.
Its solvency ranks better than 72% of 2,343 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
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 ARGON2
- What is the company number of ARGON2?
- The company number of ARGON2 is 1007.945.905. The VAT number is the same number with BE in front: BE 1007.945.905.
- Where is ARGON2 based?
- The registered office is at Rue Hodister 126, 4860 Pepinster.Company details
- What does ARGON2 do?
- According to the KBO register, the main activity is forging of metal (NACE 25401).
- What is the legal form of ARGON2?
- ARGON2 is a private limited company (BV).
- When was ARGON2 founded?
- ARGON2 was founded on 03-04-2024.
- Is ARGON2 still active?
- Yes, ARGON2 is an active enterprise in the KBO register.
- What is the turnover of ARGON2?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €68,608 and 2,667 comparable companies of the same size. It probably lies between €140,000 and €360,000. It is a rough estimate.Financials
- Is ARGON2 profitable?
- In financial year 2025, ARGON2 made a profit of €39,730.
- Where can I find the annual accounts of ARGON2?
- ARGON2 filed 1 annual account with the National Bank of Belgium, for financial year 2025.
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