Result
€260,557 ▼ 38.1%
The result fell in 2025 from €420,717 to €260,557.
ARGONA
Lifetime
3 annual accounts with figures on one time axispeak €3.3m (2025)
€3.3m▲ 11.8%
lowest -€473,999 (2023)
€260,557▼ 38.1%
peak €34.9m (2025)
€34.9m▲ 1.2%
€33.4m▲ 0.2%
Board8 names since 2022
6 directorsNicolas D'heygere and 5 others
Owners3 names in the annual accounts
31.32%AMICI DEL TETTO
Documentsfilings and deeds
25-07-20266 days before the deadline
2025financial year
Result from €420,717 to €260,557Capital increase of €40,000 12-09Company renamed from PROJECT SHELTER to ARGONA 14-03Investments €13,375Cash from €279,322 to €483,086
Key points
from the 2025 annual accountsInvestments
€12,399 4.3 × depreciation
Green is investment, beige is depreciation.
Payment terms
45 days to suppliers
Customers pay 137 days earlier.
Liquidity
4.43 was 7.37 in 2024
Short-term debts rose from €4.3m to €7.3m.
Group
9 companies controlled
Heads a group.
Position in the sector
€34.9m
More equity than 95% of companies in specialised construction. Sector median €459,115 · 2,466 companies.
Standalone figures, without subsidiaries
Group, consolidated 2025: turnover €65.6m, result €1.2m
Checked score
84
Excellent
Financially stronger than 62% of large companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 35 companies (NACE 43, large).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.3%● unchanged vs 12-2024
02-2025: 1.2%▼ -0.1 percentage points vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.4%▲ +0.2 percentage points vs 03-2025
05-2025: 1.6%▲ +0.2 percentage points vs 04-2025
06-2025: 1.8%▲ +0.2 percentage points vs 05-2025
07-2025: 1.8%● unchanged vs 06-2025highest value
08-2025: 1.2%▼ -0.6 percentage points vs 07-2025
09-2025: 1.2%● unchanged vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 0.6%▼ -0.6 percentage points vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.5%▼ -0.1 percentage points vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.6%▲ +0.1 percentage points vs 06-2026
08-2026: 0.5%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.5%● unchanged vs 08-2026lowest value
10-2026: 0.5%● unchanged vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 4.43, cash €483,086
Founded in 2022
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: turnover €3.3m, total assets €68.3m, files consolidated accounts
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, large). It does better than 97% of them on solvency, 84% on liquidity, 19% on profitability and 48% on growth.
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).
Credit verdict
Credit of up to €330,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.43 (7.37 in 2024), above the usual 1.5. Short-term debt is 10.6% and cash 0.7% of total assets. 48.9% 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 25-07-2026, 6 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
6 days early
2024
13 days early
2023
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 7 days before 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 25 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
EP
EELEN PROJECT MANAGEMENT BV
Director, since 11-07-2023
- AMICI DEL TETTO 31.32%score 82equity €13.4m (2025) · 2025 annual accounts of AMICI DEL TETTO
Shares in 2 companies, Argona - ADW and Argona - Eco Technics
Board & ownershipRecent changes
Capital increase of €1,000,000
781,250 new shares · Gazette deed
Capital increase of €40,000
24,390 new shares · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0787743730
Company renamed from PROJECT SHELTER to ARGONA
Capital increase of €100,000 · 67,114 new shares · General meeting of 28-02-2025 · Gazette deed
Comparable companies
same main activity, the nearest in size| Company | ||||
|---|---|---|---|---|
| ARGONA Lochristi | €3.3m | 24.2% | 51.1% | - |
| MICLAR Berlare | - | - | 81.1% | - |
| Qovera Kontich | - | - | 22.2% | - |
| IMMO-TROIANI Fleurus | - | - | 60.5% | 18.4 |
| ANTHONY CRANES Antwerp | - | - | 47.9% | 30.2 |
| COBALT BLUE INVEST Brasschaat | - | - | 14.2% | 0 |
| ROTEAM Zaventem | €20.7m | 25.4% | 49.8% | 15.7 |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ARGONA: roofing work (NACE 43410). They are smaller than ARGONA: total assets between €6.9m and €16m, founded between 1991 and 2024.
Official details
Source: KBO- Status
- Active since 28-06-2022Normal situation
- Activity
- Roofing workNACE 43410and 3 others
- Establishment unit
- 2.343.847.5239080 Lochristi, since 28-06-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 05-09-2025
Annual accounts 2025
- €68.3m▲ 0.7%
- Filing
- Filed on 25-07-2026, 6 days before the end of the filing period
Insights on ARGONA
ARGONA has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34.9m and a net result of €260,557.
Equity has been growing by about 11% per year since 2023. Its solvency ranks better than 62% of 2,466 sector peers (NACE 43, financial year 2025).
The computed 12-month bankruptcy probability is 0.5% (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 ARGONA
- What is the company number of ARGONA?
- The company number of ARGONA is 0787.743.730. The VAT number is the same number with BE in front: BE 0787.743.730.
- Where is ARGONA based?
- The registered office is at Bedrijvenlaan 13, 9080 Lochristi.Company details
- What does ARGONA do?
- According to the KBO register, the main activity is roofing work (NACE 43410).
- What is the legal form of ARGONA?
- ARGONA is a private limited company (BV).
- When was ARGONA founded?
- ARGONA was founded on 28-06-2022.
- Is ARGONA still active?
- Yes, ARGONA is an active enterprise in the KBO register.
- What is the turnover of ARGONA?
- The turnover of ARGONA was €3.3m in financial year 2025, according to the filed annual accounts.Financials
- Is ARGONA profitable?
- In financial year 2025, ARGONA made a profit of €260,557.
- Where can I find the annual accounts of ARGONA?
- ARGONA filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARGONA due?
- ARGONA 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 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 the other companies in the same group.ARGONA · 10 companies
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