Argona - ADW

Active

Public limited companyfounded 1992active for 33 yearsBedrijvenlaan 13, 9080 Lochristi, BelgiumKBO/BCE: BE 0448.776.042

From the official registers: KBO 32 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

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 is growing by about 42% per year across the filed financial years. Its solvency ranks better than 24% of 2,441 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow Report Compare

Argona - ADWActiveChecked score 82/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 30-11-1992 Normal situation
Legal form: Public limited company
Registered office: Bedrijvenlaan 13, 9080 Lochristi
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

Company details

Who decides

Board

ADIMMOManaging director · permanent representative MATTHYS Koenraad
BART INVESTMENT GROUPManaging director · permanent representative VANRUTTEN Bart
BART INVESTMENT GROEPManaging director

Auditor: CALLENS VANDELANOTTE

Shareholders

ARGONA100%annual accounts 2025
VEKO BVBAconsolidatesannual accounts 2014

Holdings: Shares in 3 companies including ADIDAK and Argona - Adidak

Board & ownership

How it is doing

82 Excellent Checked score 2025

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%
Staff: 31.2 FTE; ▲ 2.0%

2025 accounts 6 days early

Filed on 25-07-2026at the National Bank

Financials

Why 82raises 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 better than 44% of its sector peers (NACE 43, small)

Every signal that counts is listed under Signals.

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, 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).

Sector median 0.3% (2,649 companies, NACE 43, small)

Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 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

Credit of up to €550,000 on 30-day terms is acceptable

Liquidity ample (current ratio 7.77, compared with 5.01 in 2024, above the usual 1.5; short-term debt: 4.6% and cash: 2.3% of total assets), but 77.1% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 25% on solvency, 65% on liquidity, 32% on profitability and 53% on growth.

The bankruptcy probability was computed on 31-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Equity €6.7m (22.9% of total assets)

NBB · annual accounts

Sector: Specialised construction activities (NACE 43)

KBO

Liquidity: current ratio 7.77, cash €670,507

NBB · annual accounts

Legal form: public limited company

KBO

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2441 sector peers (2025).

NBB · sector comparison

Position among 2441 sector peers

Solvency

better than 24%

← weakest strongest →

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 filings

Deviation 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

This company filed its last 7 accounts on average 18 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

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 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Positive: Among the best 7% on equitysector median €459,216 · 2,441 companies €6.7m View
Positive: 8 profitable years in a rowprofit 2025: €1.1m 8 years View
Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

Documents

Key facts about Argona - ADW

What is the company number of Argona - ADW?: 0448.776.042. In Belgium the VAT number is the company 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?: Public limited company (NV).
When was Argona - ADW 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?: On average 31.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Argona - ADW?: €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.Annual accounts at the National Bank
When are the next annual accounts of Argona - ADW due?: By 31-07-2027, for financial year 2026.Timeline