Equity
Equity rose in 2025 from €121,572 to €181,923.
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Equity rose in 2025 from €121,572 to €181,923.
ARGRAS pays its suppliers 1 day later than in 2024. Customers pay 34 days earlier.
The last five annual accounts were filed 28 to 48 days before the end of the period.
In July 2024, 34,693 companies had the same profile as ARGRAS has now. Each dot stands for 87 companies, two years later.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for ARGRAS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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| Company | ||||
|---|---|---|---|---|
| ARGRAS Ostend | €222,731 | €124,829 | 81.7% | - |
| STUDIO DÔME Kortenberg | €212,210 | €136,725 | 51.8% | 1.6 |
| CADA Rumst | €249,774 | €105,880 | 24.5% | - |
| TKN Consulting Bree | €225,696 | €135,330 | 8.2% | - |
| ONE TEAM Jette | €219,132 | €94,590 | 0.0% | - |
| CONCEPT & SOLUTIONS Chaumont-Gistoux | €266,577 | €98,881 | 82.0% | - |
| PKM Ottignies-Louvain-la-Neuve | €199,205 | €105,364 | -44.9% | - |
These companies have the same main activity as ARGRAS: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €199,000 and €267,000, founded between 2011 and 2015.
ARGRAS has existed since 2013. Turnover grew from €8,392 in 2014 to €186,450 in 2025.
Turnover has grown every year since 2021.
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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