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ARGOS SYSTEMS

Active
Private limited companyfounded 20233 yrs activeRue du Grand-Babin(ML) 66, 5020 Namur, BelgiumKBO/BCE: BE 0805.376.746
Summary

The computed 12-month bankruptcy probability of ARGOS SYSTEMS is 2.8% (moderate). The 2025 annual accounts show equity of €19,550 and a net result of €13,565. Its solvency ranks better than 35% of 4600 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability92▼-8
Solvency52▼-16
Growth78
Track record94
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.58 against 0.47 in 2024; short-term debt: 57.3% and cash: 45.2% of total assets), but 72.9% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
27.1%
Return on assets
18.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 2 filings
Deviation from the deadline
2025
26 d late
2024
112 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 69 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 1 September 2023, ARGOS SYSTEMS was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€19,550▲ 227%
2024 · €5,985
Total assets
€72,150▲ 421%
2024 · €13,839
Net result
€13,565▲ 127%
2024 · €5,985
Working capital
€24,011
2024 · -€4,138
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€7,675-€18,742▲ 144%
Net result€5,985within the sector's middle half-€13,565within the sector's middle half▲ 127%
Equity€5,985below the sector's middle half-€19,550within the sector's middle half▲ 227%
Total assets€13,839below the sector's middle half-€72,150within the sector's middle half▲ 421%
Debt€7,854-€52,600▲ 570%
Working capital-€4,138within the sector's middle half-€24,011within the sector's middle half
Solvency43.2%within the sector's middle half-27.1%within the sector's middle half▼ 16.2pp
Current ratio0.47below the sector's middle half-1.58within the sector's middle half▲ 1.11
Return on assets (ROA)43.2%above the sector's middle half-18.8%above the sector's middle half▼ 24.4pp
above within below the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000€15,000€20,000Operating result 2024: €7,675€7,675Net result 2024: €5,985€5,985Operating result 2025: €18,742€18,742Net result 2025: €13,565€13,56520242025€0€5,000€10,000€15,000€20,000Operating result 2024: €7,675€7,670Net result 2024: €5,985€5,990Operating result 2025: €18,742€18,700Net result 2025: €13,565€13,60020242025
The operating result rises in 2025; 2025 is 144% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72,150
Fixed assets €6,816 ▼ 32.7%
Current assets €65,334 ▲ 1,658%
Equity and liabilities €72,150
Equity €19,550 ▲ 227%
Debt €52,600 ▲ 570%
Debt's share of the balance-sheet total rises from 56.8% to 72.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€22,049▲
2024 · €10,691
Cash flow
€16,872▲
2024 · €9,001
Debt to equity
2.69▲
2024 · 1.31
ROE
69.4%▼
2024 · 100.0%
Interest coverage
14.16▼
2024 · 61.67
Debt ≤ 1 year
€41,324▲
2024 · €7,854
Debt > 1 year
€11,276
Income taxes
€3,621▲
2024 · €1,516
Staff costs
€897▲
2024 · €247
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€13,839€72,150▲
Fixed assets21/28€10,123€6,816▼
Tangible fixed assets22/27€10,123€6,816▼
Plant, machinery and equipment23€1,220€951▼
Furniture and vehicles24€8,903€5,865▼
Current assets29/58€3,716€65,334▲
Amounts receivable within one year40/41€3,677€32,687▲
Trade receivables40€277€24,346▲
Other amounts receivable41€3,400€8,341▲
Cash at bank and in hand54/58€39€32,636▲
Deferred charges and accrued income490/1-€11
Equity and liabilities
Total equity and liabilities10/49€13,839€72,150▲
Equity10/15€5,985€19,550▲
Profit (loss) carried forward14€5,985€19,550▲
Amounts payable17/49€7,854€52,600▲
Amounts payable after more than one year17-€11,276
Financial debts170/4-€11,276
Amounts payable within one year42/48€7,854€41,324▲
Current portion of amounts payable after more than one year42-€3,092
Trade debts44€806€5,661▲
Suppliers440/4€806€5,661▲
Taxes, remuneration and social security45€1,516€10,882▲
Taxes450/3€1,516€10,882▲
Other amounts payable47/48€5,532€21,689▲
Income statement Code20242025
Remuneration, social security and pensions62€247€897▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,016€3,307▲
Other operating charges640/8€128€476▲
Gross operating margin9900€11,065€23,422▲
Operating profit (loss)9901€7,675€18,742▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€173€1,557▲
Recurring financial charges65€173€1,557▲
Profit (loss) for the period before taxes9903€7,501€17,186▲
Income taxes67/77€1,516€3,621▲
Profit (loss) for the period9904€5,985€13,565▲
Profit (loss) for the period to be appropriated9905€5,985€13,565▲
Appropriation of the result
Profit (loss) to be appropriated9906€5,985€19,550▲
Profit (loss) brought forward from the previous period14P-€5,985

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€247€897▲ 264%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,016€3,307▲ 9.6%
Other operating charges640/8€128€476▲ 273%
Gross operating margin9900€11,065€23,422▲ 112%
Operating profit (loss)9901€7,675€18,742▲ 144%
Financial income75/76B€0€1▲ 2,450%
Recurring financial income75€0€1▲ 2,450%
Financial charges65/66B€173€1,557▲ 798%
Recurring financial charges65€173€1,557▲ 798%
Profit (loss) for the period before taxes9903€7,501€17,186▲ 129%
Income taxes67/77€1,516€3,621▲ 139%
Profit (loss) for the period9904€5,985€13,565▲ 127%
Profit (loss) for the period to be appropriated9905€5,985€13,565▲ 127%
Line20242025Change
Assets
Total assets20/58€13,839€72,150▲ 421%
Fixed assets21/28€10,123€6,816▼ 32.7%
Tangible fixed assets22/27€10,123€6,816▼ 32.7%
Plant, machinery and equipment23€1,220€951▼ 22.0%
Furniture and vehicles24€8,903€5,865▼ 34.1%
Current assets29/58€3,716€65,334▲ 1,658%
Amounts receivable within one year40/41€3,677€32,687▲ 789%
Trade receivables40€277€24,346▲ 8,695%
Other amounts receivable41€3,400€8,341▲ 145%
Cash at bank and in hand54/58€39€32,636▲ 82,586%
Deferred charges and accrued income490/1-€11-
Equity and liabilities
Total equity and liabilities10/49€13,839€72,150▲ 421%
Equity10/15€5,985€19,550▲ 227%
Profit (loss) carried forward14€5,985€19,550▲ 227%
Amounts payable17/49€7,854€52,600▲ 570%
Amounts payable after more than one year17-€11,276-
Financial debts170/4-€11,276-
Amounts payable within one year42/48€7,854€41,324▲ 426%
Current portion of amounts payable after more than one year42-€3,092-
Trade debts44€806€5,661▲ 603%
Suppliers440/4€806€5,661▲ 603%
Taxes, remuneration and social security45€1,516€10,882▲ 618%
Taxes450/3€1,516€10,882▲ 618%
Other amounts payable47/48€5,532€21,689▲ 292%
Line20242025Change
Profit (loss) for the period9904€5,985€13,565▲ 127%
+ Depreciation and write-downs630€3,016€3,307▲ 9.6%
Operating cash flow (approximation)€9,001€16,872▲ 87.4%
Investment in fixed assets (approximation)-€0-
Change in cash-€32,597-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial Liquidity triplescurrent ratio 1.58
Current ratio from 0.47 to 1.58.
20-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 112 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Namur · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
2,159 m²
Building footprint
136 m²
Volume, LiDAR
1,093 m³
Parcel 92082A0213/00P000, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Argos Construct
Rue du Grand-Babin(ML) 66, 5020 NamurSupport activities for crop production
since 20232.354.696.873
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92082A0213/00P000 Wallonia 2,159 m² 1 · 136 m² 9.8 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 1,279 companies in sector 81100 we hold annual accounts for 679. 275 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded01-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
43120Site preparation
43230Insulation installation
43350Other building finishing work
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0805376746
Registered 05-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.