Equity
Argona - Eco Technics has made a profit without a break since 2016.
Argona - Eco Technics has made a profit without a break since 2016.
Green is investment, beige is depreciation.
In 2025, 11 people joined and 6 left. On top of that, 0.3 agency workers worked there on average.
Argona - Eco Technics pays its suppliers 48 days earlier than in 2024. Customers pay 22 days earlier.
The 2016 accounts came 6 days late. The other nine of the last ten were filed on time.
More equity than 95% of companies in specialised construction. Sector median €459,359 · 2,457 companies.
The dashed line is the sector median: 0.3% across 2,650 companies (NACE 43, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47% of them on solvency, 49% on liquidity, 32% on profitability and 77% on growth.
The bankruptcy probability was computed on 06-11-2026 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).
Liquidity is tight, with a current ratio of 1.28 (1.13 in 2024), below the usual 1.5. Short-term debt is 35.3% and cash 8.6% of total assets. 64% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 33 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.
Shares in 4 companies, including Argona – EG elec and Argona – Team Green OVL
Board & ownership| Company | ||||
|---|---|---|---|---|
| Argona - Eco Technics Brecht | €26.3m | 8.2% | 36.0% | 35.5 |
| Toitures Jacobs Burg-Reuland | €23.7m | 15.3% | 40.1% | 62.8 |
| TECTUM ROOFCOMFORT Genk | €14.1m | 5.0% | 54.0% | 31.4 |
| VINCENT PIRONT Thimister-Clermont | €21.3m | 12.5% | 28.5% | 61.3 |
| ROTEAM Zaventem | €20.7m | 25.4% | 49.8% | 15.7 |
| VAN SEVEREN Aalter | €27.8m | 7.7% | 55.6% | 52.9 |
| TECTUM CONSTRUCTORS Merelbeke-Melle | €21.4m | 1.6% | 12.0% | 60 |
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 - Eco Technics: roofing work (NACE 43410). They are comparable in size and age: total assets between €7.9m and €14m, founded between 1980 and 2007.
Argona - Eco Technics has existed since 2007. The gross margin fell from €1.8m in 2013 to €122,281 in 2014.
Solvency rose in 2025 from 29.4% to 36.0% because of the retained profit and lower debts.
ARGONA holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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