Subsidiaries and holdings
- Argona – Aditoit100%
Argona - ADW
ActiveSummary
Argona - ADW has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.7m and a net result of €1.1m. Equity has been growing by about 42% per year since 2018. Its solvency ranks better than 24% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Official details
Source: KBO- Status
- Active since 30-11-1992 Normal situation
- Activity
- Roofing work NACE 43410and 3 others
- Establishment unit
- 2.059.954.158 9080 Lochristi, since 17-12-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 11-09-2025
Board and ownership
Board
- ADIMMOManaging director · permanent representative MATTHYS Koenraad
- BART INVESTMENT GROUPManaging director · permanent representative VANRUTTEN Bart
- BART INVESTMENT GROEPManaging director
- Auditor
- CALLENS VANDELANOTTE
Shareholders
- Holdings
- Shares in 3 companies including ADIDAK and Argona - Adidak
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
Annual accounts 2025
- Turnover
- €10.1m
- ▼ 7.5%
- Profit
- €1.1m
- ▼ 20.4%
- Equity
- €6.7m
- ▲ 19.2%
- Total assets
- €29.5m
- ▲ 6.0%
- Employees on 31-12-2025
- 30
- ▼ 3.2%
Filed on 25-07-2026, 6 days before the deadline
Score breakdownraises riskEquity €6.7m (22.9% of total assets)Sector: Specialised construction activities (NACE 43)Liquidity: current ratio 7.77, cash €670,507lowers riskLegal form: public limited companyShow the evidence
Checked score
Score 2025
82
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 44% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Average
Solvency
48+3
equity 22.9% of total assets
Liquidity
53-3
short-term debt 4.6% · cash 2.3%
Profitability
63-1
return on assets 3.7%
Bankruptcy probability within 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.3%▼ -0.5 percentage points vs 07-2025lowest value
09-2025: 0.3%● unchanged vs 08-2025lowest value
10-2025: 0.3%● unchanged vs 09-2025lowest value
11-2025: 0.3%● unchanged vs 10-2025lowest value
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged 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: 0.3%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points 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 10-2026
Credit of up to €550,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.77 (5.01 in 2024), above the usual 1.5. Short-term debt is 4.6% and cash 2.3% of total assets. However, 77.1% of the assets are financed with debt and provisions.
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 43, small). It does better than 25% of them on solvency, 65% on liquidity, 32% on profitability and 53% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2445 sector peers (2025).
NBB · sector comparisonPosition among 2445 sector peers
Solvency
better than 24%
← weakest
strongest →
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 25-07-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 days early
2024
13 days early
2023
2 days early
2022
3 days early
2021
78 days late
2020
30 days late
2019
42 days late
← 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 18 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 28 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Companies linked to Argona - ADW
Comparable companies
These companies have the same main activity as Argona - ADW: roofing work (NACE 43410). They are comparable in size and age: total assets between €6.9m and €14m, founded between 1969 and 2002.
| Company | Total assets | Turnover |
|---|---|---|
| Argona - ADW Lochristi | €29.5m | €10.1m |
| CRABBE DAKWERKEN Zoutleeuw | €11.7m | €16.7m |
| TECTUM ROOFCOMFORT Genk | €9.1m | €14.1m |
| Toitures Jacobs Burg-Reuland | €14.1m | €23.7m |
| TECTUM CONSTRUCTORS Merelbeke-Melle | €10.0m | €21.4m |
| VINCENT PIRONT Thimister-Clermont | €11.3m | €21.3m |
| TROIANI & FILS Châtelet | €6.9m | €11.3m |
Key facts about Argona - ADW
- What is the company number of Argona - ADW?
- The company number of Argona - ADW is 0448.776.042. The VAT number is the same number with BE in front: BE 0448.776.042.
- Where is Argona - ADW based?
- The registered office is at Bedrijvenlaan 13, 9080 Lochristi.Company details
- What does Argona - ADW do?
- According to the KBO register, the main activity is roofing work (NACE 43410).
- What is the legal form of Argona - ADW?
- The legal form of Argona - ADW is Public limited company (NV).
- When was Argona - ADW founded?
- Argona - ADW was founded on 30-11-1992.
- Is Argona - ADW still active?
- Yes, Argona - ADW is an active enterprise in the KBO register.
- How many employees does Argona - ADW have?
- Argona - ADW had an average of 31.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Argona - ADW?
- The turnover of Argona - ADW was €10.1m in financial year 2025, according to the filed annual accounts.
- Is Argona - ADW profitable?
- In financial year 2025, Argona - ADW made a profit of €1.1m.
- Where can I find the annual accounts of Argona - ADW?
- Argona - ADW filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Argona - ADW due?
- Argona - ADW must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
See how customers, suppliers and banks see your own company and what to improve first.