ARGUMA
ActiveSummary
ARGUMA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €161,394 and a net result of €68,038. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 57% of 7794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency84▼-9
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.45 in 2024; short-term debt: 40.9% and cash: 9.9% of total assets), and 40.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.1%
Return on assets
24.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
26 d early
2022
23 d late
2021
27 d late
2020
27 d late
2019
27 d late
← 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 11 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€161,394▲ 17.5%
2024 · €137,405
Total assets
€273,240▲ 35.9%
2024 · €201,088
Net result
€68,038▼ 49.3%
2024 · €134,168
Working capital
-€5,090▲ 84.7%
2024 · -€33,333
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€14,378▼ 59.6%€15,714▲ 9.3%€27,714▲ 76.4%€53,680▲ 93.7%€101,512▲ 89.1%
Net result€9,126▼ 60.2%€9,310▲ 2.0%€18,158▲ 95.0%€134,168▲ 639%€68,038▼ 49.3%
Equity€208,769▲ 4.6%€218,079▲ 4.5%€236,237▲ 8.3%€137,405▼ 41.8%€161,394▲ 17.5%
Total assets€298,580▲ 13.1%€298,269▼ 0.1%€304,777▲ 2.2%€201,088▼ 34.0%€273,240▲ 35.9%
Debt€89,811▲ 39.7%€80,190▼ 10.7%€68,540▼ 14.5%€63,684▼ 7.1%€111,846▲ 75.6%
Working capital€31,057▲ 14.9%€46,073▲ 48.3%€65,880▲ 43.0%-€33,333-€5,090▲ 84.7%
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 four years in a row; 2025 is 89% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €273,240
Fixed assets
€166,484 ▼ 4.3%
Current assets
€106,756 ▲ 295%
Equity and liabilities €273,240
Equity
€161,394 ▲ 17.5%
Debt
€111,846 ▲ 75.6%
Debt's share of the balance-sheet total rises from 31.7% to 40.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€109,062▲
2024 · €61,107
Cash flow
€75,589▼
2024 · €141,594
Current ratio
0.95▲
2024 · 0.45
Debt to equity
0.69▲
2024 · 0.46
ROE
42.2%▼
2024 · 97.6%
ROA
24.9%▼
2024 · 66.7%
Interest coverage
298.49▲
2024 · 224.34
Debt ≤ 1 year
€111,846▲
2024 · €60,387
Income taxes
€33,111▲
2024 · €18,112
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,935 | €12,411 | €8,185 | €7,426 | €7,550 | ▲ 1.7% |
| Other operating charges640/8 | €2,361 | €1,535 | €1,187 | €858 | €727 | ▼ 15.3% |
| Gross operating margin9900 | €25,675 | €29,660 | €37,087 | €61,964 | €109,789 | ▲ 77.2% |
| Operating profit (loss)9901 | €14,378 | €15,714 | €27,714 | €53,680 | €101,512 | ▲ 89.1% |
| Financial income75/76B | €0 | €0 | €1 | €98,872 | €3 | ▼ 100.0% |
| Recurring financial income75 | €0 | €0 | €1 | €98,872 | €3 | ▼ 100.0% |
| Financial charges65/66B | €234 | €484 | €215 | €272 | €365 | ▲ 34.1% |
| Recurring financial charges65 | €234 | €484 | €215 | €272 | €365 | ▲ 34.1% |
| Profit (loss) for the period before taxes9903 | €14,145 | €15,230 | €27,500 | €152,280 | €101,150 | ▼ 33.6% |
| Income taxes67/77 | €5,019 | €5,920 | €9,342 | €18,112 | €33,111 | ▲ 82.8% |
| Profit (loss) for the period9904 | €9,126 | €9,310 | €18,158 | €134,168 | €68,038 | ▼ 49.3% |
| Profit (loss) for the period to be appropriated9905 | €9,126 | €9,310 | €18,158 | €134,168 | €68,038 | ▼ 49.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €298,580 | €298,269 | €304,777 | €201,088 | €273,240 | ▲ 35.9% |
| Fixed assets21/28 | €200,817 | €188,406 | €180,221 | €174,034 | €166,484 | ▼ 4.3% |
| Tangible fixed assets22/27 | €38,925 | €26,514 | €18,329 | €12,142 | €4,592 | ▼ 62.2% |
| Plant, machinery and equipment23 | €1,992 | €1,571 | €1,150 | €1,969 | €1,425 | ▼ 27.7% |
| Furniture and vehicles24 | €36,933 | €24,943 | €17,178 | €10,173 | €3,167 | ▼ 68.9% |
| Financial fixed assets28 | €161,892 | €161,892 | €161,892 | €161,892 | €161,892 | = |
| Current assets29/58 | €97,763 | €109,862 | €124,556 | €27,054 | €106,756 | ▲ 295% |
| Amounts receivable within one year40/41 | €20,889 | €12,479 | €12,887 | €14,475 | €67,276 | ▲ 365% |
| Trade receivables40 | €17,908 | €9,499 | €12,887 | €14,475 | €67,276 | ▲ 365% |
| Other amounts receivable41 | €2,981 | €2,981 | - | - | - | - |
| Current investments50/53 | €626 | €626 | €626 | €629 | €12,428 | ▲ 1,877% |
| Cash at bank and in hand54/58 | €76,248 | €96,757 | €111,043 | €11,950 | €27,052 | ▲ 126% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €298,580 | €298,269 | €304,777 | €201,088 | €273,240 | ▲ 35.9% |
| Equity10/15 | €208,769 | €218,079 | €236,237 | €137,405 | €161,394 | ▲ 17.5% |
| Contributions10/11 | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Outside capital11 | €18,600 | - | - | - | - | - |
| Other1109/19 | €18,600 | - | - | - | - | - |
| Reserves13 | €55,035 | €64,345 | €80,644 | €116,945 | €140,934 | ▲ 20.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €53,175 | €62,485 | €80,644 | €116,945 | €140,934 | ▲ 20.5% |
| Profit (loss) carried forward14 | €135,134 | €135,134 | €135,134 | - | - | - |
| Amounts payable17/49 | €89,811 | €80,190 | €68,540 | €63,684 | €111,846 | ▲ 75.6% |
| Amounts payable after more than one year17 | €23,106 | €16,400 | €9,864 | €3,296 | - | - |
| Financial debts170/4 | €23,106 | €16,400 | €9,864 | €3,296 | - | - |
| Amounts payable within one year42/48 | €66,706 | €63,789 | €58,675 | €60,387 | €111,846 | ▲ 85.2% |
| Current portion of amounts payable after more than one year42 | €6,272 | €6,705 | €6,536 | €6,568 | €3,296 | ▼ 49.8% |
| Trade debts44 | €3,311 | €4,084 | €10,513 | €3,924 | €4,557 | ▲ 16.1% |
| Suppliers440/4 | €3,311 | €4,084 | €10,513 | €3,924 | €4,557 | ▲ 16.1% |
| Taxes, remuneration and social security45 | €6,993 | €11,921 | €10,936 | €23,750 | €35,569 | ▲ 49.8% |
| Taxes450/3 | €6,993 | €11,921 | €10,936 | €19,706 | €31,525 | ▲ 60.0% |
| Remuneration and social security454/9 | - | - | - | €4,044 | €4,044 | = |
| Other amounts payable47/48 | €50,130 | €41,079 | €30,690 | €26,145 | €68,424 | ▲ 162% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,126 | €9,310 | €18,158 | €134,168 | €68,038 | ▼ 49.3% |
| + Depreciation and write-downs630 | €8,935 | €12,411 | €8,185 | €7,426 | €7,550 | ▲ 1.7% |
| Operating cash flow (approximation) | €18,061 | €21,721 | €26,344 | €141,594 | €75,589 | ▼ 46.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,240 | €0 | ▲ 100% |
| Change in cash | - | €20,509 | €14,286 | -€99,093 | €15,102 | ▲ 115% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150,000Eq €161,394 ▲17.5%
8 profitable years in a row build equity to €161,394.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €134,168 ▲639%
Net result €134,168, the highest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-12
Financial
Weakest financial yearnet €9,126 ▼60.2%
Net result drops to €9,126, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €208,769 ▲4.6%
4 profitable years in a row build equity to €208,769.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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-Pieters-Woluwe · 1 establishment unit since 2007
Ground area
1,055 m²
Building footprint
125 m²
Volume, LiDAR
606 m³
Parcel 21682C0180/00H011, Brussels · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Prins Boudewijnlaan 50, 1150 Sint-Pieters-Woluwe
since 20072.161.417.148
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21682C0180/00H011 | Brussels | 1,055 m² | 1 · 125 m² | 7.2 m · 2 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.
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Of 11,219 companies in sector 82100 we hold annual accounts for 3,509. 2,546 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
Founded08-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.