ARGONNE

Active

Private limited companyfounded 20215 yrs activeArgonnestraat 10, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0768.249.205

The computed 12-month bankruptcy probability of ARGONNE is 7.7% (elevated). The 2024 annual accounts show equity of €5k and a net result of €17k. Equity is growing by ~95.2% per year across the filed fiscal years. Its solvency ranks better than 47% of 18941 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

53 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability99▲+25

Solvency50▲+48

Growth85=

Track record94

Bankruptcy probability, 12 months

7.7% Elevated

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity tight (current ratio 1.09 against 0.74 in 2023; short-term debt: 74.6% and cash: 29.8% of total assets), and 74.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

25.4%

Return on assets

93.3%

Age of the figures

20 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-08-2025, 8 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

8 d late

2023

31 d late

2022

32 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€106k▲ 18.1%

2023 · €90k

2022: €36k 2023: €90k

2022 → 2024

EBIT margin

18.7%▲ 11.0pp

2023 · 7.7%

2022: 16.5% 2023: 7.7%

2022 → 2024

Net result

€17k▲ 159%

2023 · €7k

2022: €6k 2023: €7k

2022 → 2024

Working capital

€1k

2023 · €-17k

2022: €-19k 2023: €-17k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Turnover€36k-€90k▲ 148%€106k▲ 18.1%

Equity€-19k-€-13k▲ 34.7%€5k

Operating result€6k-€7k▲ 15.4%€20k▲ 187%

Net result€6k-€7k▲ 13.1%€17k▲ 159%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen two years in a row; 2024 is 187% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €19k

18.7%

81.3%

Fixed assets €3k▼ 22.3%

Current assets €15k▼ 69.8%

Equity and liabilities €19k

25.4%

74.6%

Equity €5k

Debt €14k

Debt finances 74.6% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€21k▲

2023 · €7k

Cash flow

€18k▲

2023 · €7k

Solvency

25.4%▲

2023 · -23.2%

Current ratio

1.09▲

2023 · 0.74

Quick ratio

1.02▲

2023 · 0.69

Debt / equity

2.94▲

2023 · -5.31

ROE

367.5%

ROA

93.3%▲

2023 · 12.3%

Interest coverage

13.70▼

2023 · 43.39

Debt

€14k▼

2023 · €67k

Debt ≤ 1 year

€14k▼

2023 · €67k

Income taxes

€876

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€55k€19k▼

Fixed assets21/28€4k€3k▼

Tangible fixed assets22/27€4k€3k▼

Plant, machinery and equipment23€4k€3k▼

Financial fixed assets28€60€60=

Current assets29/58€50k€15k▼

Stocks and contracts in progress3€4k€910▼

Stocks30/36€4k€910▼

Amounts receivable within one year40/41€44k€8k▼

Trade receivables40€44k€8k▼

Other amounts receivable41€100-

Cash at bank and in hand54/58€3k€6k▲

Deferred charges and accrued income490/1-€1k

Equity and liabilities

Total equity and liabilities10/49€55k€19k▼

Equity10/15€-13k€5k▲

Contributions10/11€2k€2k=

Profit (loss) carried forward14€-14k€3k▲

Amounts payable17/49€67k€14k▼

Amounts payable within one year42/48€67k€14k▼

Trade debts44€51k-

Suppliers440/4€51k-

Taxes, remuneration and social security45€912€14k▲

Taxes450/3€912€14k▲

Other amounts payable47/48€15k-

Income statement Code20232024

Turnover70€90k€106k▲

Non-recurring operating income76A-€94

Goods, raw materials, services and sundry goods60/61€81k€85k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€584€1k▲

Other operating charges640/8€1k€583▼

Gross operating margin9900€9k€21k▲

Operating profit (loss)9901€7k€20k▲

Financial charges65/66B€172€2k▲

Recurring financial charges65€172€2k▲

Profit (loss) for the period before taxes9903€7k€18k▲

Income taxes67/77-€876

Profit (loss) for the period9904€7k€17k▲

Profit (loss) for the period to be appropriated9905€7k€17k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-14k€3k▲

Profit (loss) brought forward from the previous period14P€-21k€-14k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

08-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 8 days late

2024

31-12

Financial Highest result since 2022net €17k ▲159%

Operating result €20k, net result €17k, both a record.

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

01-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 32 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2021

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Argonnestraat 101060 Sint-Gillis (bij-Brussel)

Ground area

116 m²

Building footprint

75 m²

Volume, LiDAR

1,335 m³

Parcel 21562A0400/00R003, Brussels · tallest building 20.4 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

ARGONNE

Argonnestraat 10, 1060 Sint-Gillis (bij-Brussel)Cafés and bars

since 20212.324.817.410

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21562A0400/00R003	Brussels	116 m²	1 · 75 m²	20.4 m · 6 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Sint-Gillis2.324.817.410

1 permission

Drankgelegenheid · since 01-08-2021

Similar companies · same sector, comparable size

Herk-de-Stad · Eq €5k

TRADE AND BUSINESS COMPANY

BE 0809.075.515

Schaarbeek · Eq €5k

Of 14,028 companies in sector 56301 we hold annual accounts for 4,893. 2,747 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded10-05-2021

Fiscal year end31-12

Activities, NACEBEL

56301Cafés and bars

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.