ARGROTRANS
ActiveSummary
The annual accounts of ARGROTRANS for fiscal year 2025 show a net loss of 76% of the equity at the start of that year. The 2025 annual accounts show equity of €31,399 and a net result of -€96,882. Equity is shrinking by ~15.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 15% of 1880 sector peers (fiscal year 2025). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency33▼-36
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.08 against 1.63 in 2024; short-term debt: 90.4% and cash: 2.4% of total assets), and 91.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2025Solvency, return and age of the figures
Solvency
8.4%
Return on assets
-26%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€96,882
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1880 sector peers (2025).
NBB · sector comparisonPosition among 1880 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-01-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
21 d early
2023
2 d early
2022
39 d early
2021
73 d early
2020
2 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€31,399▼ 75.5%
2024 · €128,281
Total assets
€372,523▲ 28.2%
2024 · €290,618
Net result
-€96,882▲ 69.7%
2024 · -€319,701
Working capital
€26,625▼ 73.3%
2024 · €99,589
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,785▼ 39.2%€12,274▼ 46.1%-€170,760-€316,312▼ 85.2%-€93,651▲ 70.4%
Net result€14,992▼ 51.0%€9,226▼ 38.5%-€173,358-€319,701▼ 84.4%-€96,882▲ 69.7%
Equity€612,114▲ 2.5%€621,341▲ 1.5%€447,982▼ 27.9%€128,281▼ 71.4%€31,399▼ 75.5%
Total assets€813,155▼ 30.2%€798,439▼ 1.8%€613,612▼ 23.1%€290,618▼ 52.6%€372,523▲ 28.2%
Debt€201,041▼ 64.6%€177,098▼ 11.9%€165,630▼ 6.5%€162,337▼ 2.0%€341,124▲ 110%
Working capital€372,081▲ 28.9%€465,682▲ 25.2%€370,889▼ 20.4%€99,589▼ 73.1%€26,625▼ 73.3%
Staff (FTE)11.9▼ 7.0%10.2▼ 14.3%9.3▼ 8.8%9.2▼ 1.1%8▼ 13.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €93,651 in 2025 against €316,312 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €372,523
Fixed assets
€8,974 ▼ 72.7%
Current assets
€363,549 ▲ 41.1%
Equity and liabilities €372,523
Equity
€31,399 ▼ 75.5%
Debt
€341,124 ▲ 110%
Debt's share of the balance-sheet total rises from 55.9% to 91.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€69,904▲
2024 · -€254,781
Cash flow
-€73,136▲
2024 · -€258,170
Current ratio
1.08▼
2024 · 1.63
Debt to equity
10.86▲
2024 · 1.27
ROE
-308.6%▼
2024 · -249.2%
ROA
-26.0%▲
2024 · -110.0%
Interest coverage
-24.82▲
2024 · -85.49
Debt ≤ 1 year
€336,924▲
2024 · €158,137
Income taxes
€415▼
2024 · €426
Staff costs
€645,988▼
2024 · €735,188
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 542 companies that looked in July 2024 the way this one looks now, 4.4% went bankrupt within 24 months and 86% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
4.4%
went bankrupt
8.7%
stopped otherwise
86%
still going
A further 1.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 542 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,900 | €4,774 | €5,692 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €724,267 | €686,793 | €735,188 | €645,988 | ▼ 12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €149,876 | €107,831 | €84,681 | €61,531 | €23,746 | ▼ 61.4% |
| Other operating charges640/8 | - | €104,928 | €107,617 | €108,048 | €109,175 | ▲ 1.0% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €1.1m | €949,300 | €708,329 | €588,455 | €685,258 | ▲ 16.5% |
| Operating profit (loss)9901 | €22,785 | €12,274 | -€170,760 | -€316,312 | -€93,651 | ▲ 70.4% |
| Financial income75/76B | - | - | €0 | €17 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | €0 | €17 | €0 | ▼ 100% |
| Financial charges65/66B | - | €2,620 | €2,085 | €2,980 | €2,817 | ▼ 5.5% |
| Recurring financial charges65 | €4,411 | €2,620 | €2,085 | €2,980 | €2,817 | ▼ 5.5% |
| Profit (loss) for the period before taxes9903 | €18,374 | €9,655 | -€172,845 | -€319,275 | -€96,467 | ▲ 69.8% |
| Income taxes67/77 | €3,382 | €428 | €513 | €426 | €415 | ▼ 2.5% |
| Profit (loss) for the period9904 | €14,992 | €9,226 | -€173,358 | -€319,701 | -€96,882 | ▲ 69.7% |
| Profit (loss) for the period to be appropriated9905 | €14,992 | €9,226 | -€173,358 | -€319,701 | -€96,882 | ▲ 69.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €813,155 | €798,439 | €613,612 | €290,618 | €372,523 | ▲ 28.2% |
| Fixed assets21/28 | €276,936 | €169,104 | €84,424 | €32,892 | €8,974 | ▼ 72.7% |
| Tangible fixed assets22/27 | €276,695 | €168,864 | €84,183 | €32,652 | €8,733 | ▼ 73.3% |
| Land and buildings22 | - | €5,656 | €2,142 | €139 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €147,691 | €76,638 | €32,513 | €8,733 | ▼ 73.1% |
| Leasing and similar rights25 | - | €15,518 | €5,403 | €0 | - | - |
| Financial fixed assets28 | €240 | €240 | €240 | €240 | €240 | = |
| Current assets29/58 | €536,219 | €629,334 | €529,188 | €257,725 | €363,549 | ▲ 41.1% |
| Amounts receivable within one year40/41 | €506,202 | €601,628 | €502,564 | €229,913 | €339,579 | ▲ 47.7% |
| Trade receivables40 | - | €447,173 | €340,699 | €69,280 | €175,000 | ▲ 153% |
| Other amounts receivable41 | - | €154,455 | €161,865 | €160,633 | €164,579 | ▲ 2.5% |
| Cash at bank and in hand54/58 | €11,328 | €9,052 | €7,970 | €11,271 | €8,929 | ▼ 20.8% |
| Deferred charges and accrued income490/1 | - | €18,654 | €18,654 | €16,541 | €15,041 | ▼ 9.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €813,155 | €798,439 | €613,612 | €290,618 | €372,523 | ▲ 28.2% |
| Equity10/15 | €612,114 | €621,341 | €447,982 | €128,281 | €31,399 | ▼ 75.5% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €593,522 | €602,748 | €429,390 | €109,689 | €58,109 | ▼ 47.0% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €56,250 | €56,250 | €56,250 | €56,250 | = |
| Distributable reserves133 | - | €544,639 | €371,281 | €51,580 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | - | -€45,303 | - |
| Amounts payable17/49 | €201,041 | €177,098 | €165,630 | €162,337 | €341,124 | ▲ 110% |
| Amounts payable after more than one year17 | €15,542 | €5,217 | €0 | - | - | - |
| Financial debts170/4 | - | €5,217 | €0 | - | - | - |
| Amounts payable within one year42/48 | €164,138 | €163,653 | €158,299 | €158,137 | €336,924 | ▲ 113% |
| Current portion of amounts payable after more than one year42 | - | €10,325 | €5,217 | €4,346 | €0 | ▼ 100% |
| Trade debts44 | €73,111 | €56,487 | €65,958 | €72,326 | €69,028 | ▼ 4.6% |
| Suppliers440/4 | - | €56,487 | €65,958 | €72,326 | €69,028 | ▼ 4.6% |
| Advances received on contracts in progress46 | - | - | - | - | €182,320 | - |
| Taxes, remuneration and social security45 | - | €95,939 | €86,223 | €80,563 | €84,675 | ▲ 5.1% |
| Taxes450/3 | - | €47,552 | €27,855 | €804 | €877 | ▲ 9.1% |
| Remuneration and social security454/9 | - | €48,387 | €58,367 | €79,759 | €83,798 | ▲ 5.1% |
| Other amounts payable47/48 | - | €901 | €901 | €901 | €901 | = |
| Accrued charges and deferred income492/3 | - | €8,229 | €7,331 | €4,200 | €4,200 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,992 | €9,226 | -€173,358 | -€319,701 | -€96,882 | ▲ 69.7% |
| + Depreciation and write-downs630 | €149,876 | €107,831 | €84,681 | €61,531 | €23,746 | ▼ 61.4% |
| Operating cash flow (approximation) | €164,868 | €117,057 | -€88,677 | -€258,170 | -€73,136 | ▲ 71.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€10,000 | €173 | ▲ 102% |
| Change in cash | - | -€2,275 | -€1,082 | €3,301 | -€2,342 | ▼ 171% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet -€319,701
Net result drops to -€319,701, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
19-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Liquidity doublescurrent ratio 3.27
Current ratio from 1.58 to 3.27; short-term debt falls from €495,169 to €164,138.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €30,582
Net result €30,582 after one loss-making year.
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
07-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Ardooie · 1 establishment unit since 1979
Ground area
1.2 ha
Building footprint
7,574 m²
Volume, LiDAR
34,866 m³
Parcel 36001E0965/00S000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ter Vlucht 5, 8850 Ardooie
since 19792.016.407.195
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001E0965/00S000 | Flanders | 1.2 ha | 1 · 7,574 m² | 10.3 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 851 EUR awarded · 785 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 491 EUR | 665 EUR |
| 2024 | 1 | 240 EUR | 0 EUR |
| 2023 | 1 | 120 EUR | 120 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteArdooie2.016.407.195
Similar companies · same sector, comparable size
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A.V. ALGEMENE AANNEMINGEN
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IDM Trans
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 5,564 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 (pre-2019)
Founded01-01-1968
Fiscal year end30-06
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0404809209
Also
9925:BE0404809209
Registered
05-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.