ARGUS CONSULT
ActiveSummary
ARGUS CONSULT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €2.1m. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 51% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▲+21
Solvency81▲+30
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220,000 at 30 days acceptable
Liquidity ample (current ratio 6.16 against 2.43 in 2024; short-term debt: 9.1% and cash: 7.9% of total assets), and 44.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
55.7%
Return on assets
40.6%
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
55 d early
2023
44 d early
2022
7 d early
2021
32 d early
2020
25 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 34 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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. Usually files around 18 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2.9m▲ 267%
2024 · €777,835
Total assets
€5.1m▲ 73.1%
2024 · €3.0m
Net result
€2.1m▲ 4,137%
2024 · €49,037
Working capital
€2.4m▲ 603%
2024 · €342,206
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€58,037€181,639€166,329▼ 8.4%€156,197▼ 6.1%€64,406▼ 58.8%
Net result-€140,655below the sector's middle half€86,472above the sector's middle half€57,657above the sector's middle half▼ 33.3%€49,037above the sector's middle half▼ 15.0%€2.1mabove the sector's middle half▲ 4,137%
Equity€584,670above the sector's middle half▲ 37.5%€671,142above the sector's middle half▲ 14.8%€728,798above the sector's middle half▲ 8.6%€777,835above the sector's middle half▲ 6.7%€2.9mabove the sector's middle half▲ 267%
Total assets€3.1mabove the sector's middle half▲ 219%€3.2mabove the sector's middle half▲ 2.5%€3.1mabove the sector's middle half▼ 3.6%€3.0mabove the sector's middle half▼ 4.6%€5.1mabove the sector's middle half▲ 73.1%
Debt€2.6m▲ 357%€2.5m▼ 0.4%€2.4m▼ 6.8%€2.2m▼ 8.0%€2.3m▲ 3.9%
Working capital€532,429above the sector's middle half▼ 14.7%€335,586above the sector's middle half▼ 37.0%€353,363above the sector's middle half▲ 5.3%€342,206above the sector's middle half▼ 3.2%€2.4mabove the sector's middle half▲ 603%
Solvency18.6%below the sector's middle half▼ 24.6pp20.9%below the sector's middle half▲ 2.2pp23.5%within the sector's middle half▲ 2.6pp26.3%within the sector's middle half▲ 2.8pp55.7%within the sector's middle half▲ 29.5pp
Current ratio3.76within the sector's middle half▼ 5.481.95within the sector's middle half▼ 1.802.21within the sector's middle half▲ 0.262.43within the sector's middle half▲ 0.226.16above the sector's middle half▲ 3.73
Return on assets (ROA)-4.5%below the sector's middle half▼ 8.9pp2.7%within the sector's middle half▲ 7.2pp1.9%within the sector's middle half▼ 0.8pp1.7%within the sector's middle half▼ 0.2pp40.6%above the sector's middle half▲ 38.9pp
Staff (FTE)1▲ 900%1=0.7▼ 30.0%1▲ 42.9%1=
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
The operating result has fallen three years in a row; 2025 is 59% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.1m
Fixed assets
€2.3m ▼ 5.3%
Current assets
€2.9m ▲ 394%
Equity and liabilities €5.1m
Equity
€2.9m ▲ 267%
Debt
€2.3m ▲ 3.9%
Debt's share of the balance-sheet total falls from 73.7% to 44.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€136,838▼
2024 · €233,220
Cash flow
€2.2m▲
2024 · €126,060
Debt to equity
0.79▼
2024 · 2.80
ROE
72.8%▲
2024 · 6.3%
Interest coverage
1.57▼
2024 · 2.51
Debt ≤ 1 year
€465,742▲
2024 · €239,108
Debt > 1 year
€1.8m▼
2024 · €1.9m
Income taxes
€251,981▲
2024 · €14,096
Staff costs
€50,914▲
2024 · €50,087
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 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% | 1.7% |
| 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 75% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €12,200 | €16,555 | €35,491 | €50,087 | €50,914 | ▲ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €242,145 | €72,812 | €76,804 | €77,023 | €72,431 | ▼ 6.0% |
| Other operating charges640/8 | €6,453 | €11,552 | €16,662 | €16,160 | €14,948 | ▼ 7.5% |
| Non-recurring operating charges66A | €0 | - | - | - | €209,111 | - |
| Gross operating margin9900 | €202,761 | €282,559 | €295,286 | €299,467 | €411,811 | ▲ 37.5% |
| Operating profit (loss)9901 | -€58,037 | €181,639 | €166,329 | €156,197 | €64,406 | ▼ 58.8% |
| Financial income75/76B | €10 | €0 | €0 | €0 | €2.4m | - |
| Recurring financial income75 | €10 | €0 | €0 | €0 | €7,982 | - |
| Non-recurring financial income76B | - | - | - | - | €2.3m | - |
| Financial charges65/66B | €82,482 | €94,819 | €94,562 | €93,064 | €87,413 | ▼ 6.1% |
| Recurring financial charges65 | €82,482 | €94,819 | €94,562 | €93,064 | €87,413 | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | -€140,509 | €86,820 | €71,767 | €63,132 | €2.3m | ▲ 3,590% |
| Income taxes67/77 | €146 | €348 | €14,111 | €14,096 | €251,981 | ▲ 1,688% |
| Profit (loss) for the period9904 | -€140,655 | €86,472 | €57,657 | €49,037 | €2.1m | ▲ 4,137% |
| Profit (loss) for the period to be appropriated9905 | -€140,655 | €86,472 | €57,657 | €49,037 | €2.1m | ▲ 4,137% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €3.2m | €3.1m | €3.0m | €5.1m | ▲ 73.1% |
| Fixed assets21/28 | €2.4m | €2.5m | €2.5m | €2.4m | €2.3m | ▼ 5.3% |
| Tangible fixed assets22/27 | €2.1m | €2.3m | €2.2m | €2.1m | €2.0m | ▼ 3.4% |
| Land and buildings22 | €2.1m | €2.2m | €2.1m | €2.1m | €2.0m | ▼ 2.8% |
| Plant, machinery and equipment23 | €5,746 | €5,149 | €5,667 | €2,190 | €665 | ▼ 69.6% |
| Furniture and vehicles24 | €9,030 | €56,709 | €40,942 | €25,420 | €13,695 | ▼ 46.1% |
| Financial fixed assets28 | €273,054 | €275,054 | €275,054 | €275,054 | €221,450 | ▼ 19.5% |
| Current assets29/58 | €725,612 | €688,063 | €645,837 | €581,313 | €2.9m | ▲ 394% |
| Amounts receivable within one year40/41 | €54,805 | €117,899 | €87,652 | €103,766 | €75,559 | ▼ 27.2% |
| Trade receivables40 | €47,717 | €113,247 | €72,798 | €103,766 | €75,559 | ▼ 27.2% |
| Other amounts receivable41 | €7,087 | €4,652 | €14,854 | €0 | - | - |
| Current investments50/53 | - | - | - | - | €2.0m | - |
| Cash at bank and in hand54/58 | €161,933 | €91,380 | €118,034 | €66,986 | €403,017 | ▲ 502% |
| Deferred charges and accrued income490/1 | €508,874 | €478,784 | €440,151 | €410,562 | €391,522 | ▼ 4.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €3.2m | €3.1m | €3.0m | €5.1m | ▲ 73.1% |
| Equity10/15 | €584,670 | €671,142 | €728,798 | €777,835 | €2.9m | ▲ 267% |
| Contributions10/11 | €418,592 | €418,592 | €418,592 | €418,592 | €418,592 | = |
| Reserves13 | €166,078 | €252,550 | €310,206 | €359,243 | €2.4m | ▲ 578% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €166,078 | €252,550 | €310,206 | €359,243 | €2.4m | ▲ 578% |
| Amounts payable17/49 | €2.6m | €2.5m | €2.4m | €2.2m | €2.3m | ▲ 3.9% |
| Amounts payable after more than one year17 | €2.3m | €2.2m | €2.0m | €1.9m | €1.8m | ▼ 7.4% |
| Financial debts170/4 | €2.3m | €2.2m | €2.0m | €1.9m | €1.8m | ▼ 7.4% |
| Amounts payable within one year42/48 | €193,184 | €352,477 | €292,474 | €239,108 | €465,742 | ▲ 94.8% |
| Current portion of amounts payable after more than one year42 | €141,833 | €141,833 | €141,833 | €141,833 | €141,833 | = |
| Trade debts44 | €20,495 | €104,771 | €65,802 | €9,184 | €31,840 | ▲ 247% |
| Suppliers440/4 | €20,495 | €104,771 | €65,802 | €9,184 | €31,840 | ▲ 247% |
| Taxes, remuneration and social security45 | €30,846 | €32,293 | €36,328 | €46,629 | €237,182 | ▲ 409% |
| Taxes450/3 | €30,375 | €29,816 | €29,802 | €39,719 | €227,695 | ▲ 473% |
| Remuneration and social security454/9 | €471 | €2,477 | €6,527 | €6,910 | €9,487 | ▲ 37.3% |
| Other amounts payable47/48 | €10 | €73,580 | €48,510 | €41,462 | €54,887 | ▲ 32.4% |
| Accrued charges and deferred income492/3 | €28,215 | €1,498 | €30,176 | €34,793 | €36,010 | ▲ 3.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€140,655 | €86,472 | €57,657 | €49,037 | €2.1m | ▲ 4,137% |
| + Depreciation and write-downs630 | €242,145 | €72,812 | €76,804 | €77,023 | €72,431 | ▼ 6.0% |
| Operating cash flow (approximation) | €101,490 | €159,284 | €134,461 | €126,060 | €2.2m | ▲ 1,606% |
| Investment in fixed assets (approximation) | - | -€187,576 | -€3,530 | €0 | €52,448 | - |
| Change in cash | - | -€70,553 | €26,654 | -€51,047 | €336,031 | ▲ 758% |
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
26-08
State Gazette act
Director resignation · Permanent representative
Power of attorney · Director discharge
19-08
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
19-08
State Gazette act
General meeting · Director resignation
Permanent representative · Power of attorney
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €2.1m ▲4,137%
Net result €2.1m, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 6.16
Current ratio from 2.43 to 6.16.
31-12
Financial
Equity above €2mEq €2.9m ▲267%
4 profitable years in a row build equity to €2.9m.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €86,472
Net result €86,472 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
2021
31-12
Financial
Weakest financial yearnet -€140,655
Net result drops to -€140,655, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500,000Eq €584,670 ▲37.5%
Equity rises from €425,325 to €584,670.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €43,466
Net result €43,466 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 5current ratio 47.26
Current ratio from 10.10 to 47.26; short-term debt falls from €20,197 to €12,777.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Schilde · 1 establishment unit since 1998
Ground area
2,282 m²
Building footprint
247 m²
Parcel 11039A0495/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
ARGUS CONSULT
since 19982.042.374.491
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039A0495/00H000 | Flanders | 2,282 m² | 1 · 247 m² | - |
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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
25%
-
24.83%
According to the 2025 annual accounts of ARGUS CONSULT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 8,300 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 8,300 EUR | 0 EUR |
Schemes
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Of 2,711 companies in sector 73200 we hold annual accounts for 1,787. 724 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
Founded01-03-1989
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436748339
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.