ARGUS PROJECTS
Annual accounts 2025
micro format, filed on 24-04-2026, 6 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €323,451 on 30-09-2025in euro
in euro
Position in the sector
50.9%
Higher than 67% of 17,194 companies in 2025.
2.03
Higher than 67% of 16,491 companies in 2025.
-3.0%
Higher than 22% of 16,870 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
323,451 | 327,675 | 333,843 | 343,275 | 435,144 | 897,260 | 500,494 | |
21/28 |
- | - | - | - | 1,766 | 4,415 | 7,065 | |
22/27 |
- | - | - | - | 1,766 | 4,415 | 7,065 | |
24 |
- | - | - | - | 1,766 | 4,415 | 7,065 | |
29/58 |
323,451 | 327,675 | 333,843 | 343,275 | 433,378 | 892,845 | 493,429 | |
3 |
284,604 | 284,604 | 284,604 | 284,604 | 284,604 | 284,604 | - | |
30/36 |
284,604 | 284,604 | 284,604 | 284,604 | 284,604 | 284,604 | - | |
40/41 |
- | 63 | 703 | 19,008 | 89 | 356,131 | 362,964 | |
40 |
- | - | - | 18,958 | - | 356,043 | 362,876 | |
41 |
- | 63 | 703 | 50 | 89 | 89 | 89 | |
50/53 |
35,203 | - | 40,000 | - | - | - | - | |
54/58 |
3,643 | 43,008 | 8,536 | 39,662 | 147,189 | 250,893 | 129,417 | |
490/1 |
- | - | - | - | 1,496 | 1,216 | 1,048 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
323,451 | 327,675 | 333,843 | 343,275 | 435,144 | 897,260 | 500,494 | |
10/15 |
164,485 | 174,042 | 170,041 | 174,005 | 154,215 | 144,887 | 85,777 | |
10/11 |
80,000 | 80,000 | 80,000 | 80,000 | 80,000 | 80,000 | 83,000 | |
100 |
- | - | - | - | - | - | 83,000 | |
13 |
84,485 | 94,042 | 90,041 | 94,005 | 74,215 | 64,887 | 2,777 | |
130/1 |
- | - | 2,777 | 2,777 | 2,777 | 2,777 | - | |
130 |
- | - | - | - | - | - | 2,777 | |
1311 |
- | - | 2,777 | 2,777 | 2,777 | 2,777 | - | |
133 |
84,485 | 94,042 | 87,264 | 91,228 | 71,437 | 62,110 | - | |
17/49 |
158,966 | 153,633 | 163,802 | 169,270 | 280,930 | 752,373 | 414,717 | |
42/48 |
158,966 | 153,633 | 163,802 | 169,270 | 280,930 | 752,373 | 414,449 | |
43 |
- | - | - | - | - | - | 200,000 | |
430/8 |
- | - | - | - | - | - | 200,000 | |
44 |
1,840 | 2,139 | 2,063 | 2,900 | 4,572 | 119,401 | 26,556 | |
440/4 |
1,840 | 2,139 | 2,063 | 2,900 | 4,572 | 119,401 | 26,556 | |
46 |
- | - | 7,041 | - | - | 417,977 | - | |
45 |
- | 134 | 1,735 | 6,938 | 80,003 | 17,433 | 93,331 | |
450/3 |
- | 134 | 1,735 | 6,938 | 80,003 | 17,433 | 93,331 | |
47/48 |
157,126 | 151,360 | 152,963 | 159,431 | 196,354 | 197,561 | 94,562 | |
492/3 |
- | - | - | - | - | - | 268 | |
| Income statement | ||||||||
9900 |
-9,214 | 2,520 | -2,867 | 27,324 | 15,629 | 88,569 | 19,725 | |
630 |
- | - | - | 1,766 | 2,649 | 2,649 | 883 | |
640/8 |
507 | 552 | 977 | 164 | 796 | 599 | 880 | |
9901 |
-9,721 | 1,967 | -3,844 | 25,394 | 12,184 | 85,321 | 17,962 | |
75/76B |
203 | 2,203 | - | 0 | - | 61 | 1 | |
75 |
203 | 2,203 | - | 0 | - | 61 | 1 | |
65/66B |
39 | 35 | 60 | 161 | 465 | 6,203 | 14,474 | |
65 |
39 | 35 | 60 | 161 | 465 | 6,203 | 14,474 | |
9903 |
-9,557 | 4,135 | -3,904 | 25,233 | 11,719 | 79,178 | 3,489 | |
67/77 |
- | 134 | 60 | 5,443 | 2,392 | 17,069 | 712 | |
9904 |
-9,557 | 4,001 | -3,964 | 19,791 | 9,328 | 62,110 | 2,777 | |
9905 |
-9,557 | 4,001 | -3,964 | 19,791 | 9,328 | 62,110 | 2,777 | |
| Appropriation of the result | ||||||||
9906 |
-9,557 | 4,001 | -3,964 | 19,791 | 9,328 | 62,110 | 2,777 | |
791/2 |
9,557 | - | 3,964 | - | - | - | - | |
691/2 |
- | 4,001 | - | 19,791 | 9,328 | 62,110 | 2,777 | |
6920 |
- | - | - | - | - | - | 2,777 | |
6921 |
- | 4,001 | - | 19,791 | 9,328 | 62,110 | - | |
| Document | ||||||||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 24-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 24-04-2026 | 2026-00094149 | |
| 30-09-2024 | micro format | 25-04-2025 | 2025-00084624 | |
| 30-09-2023 | micro format | 26-04-2024 | 2024-00081385 | |
| 30-09-2022 | micro format | 26-04-2023 | 2023-00072673 | |
| 30-09-2021 | micro format | 28-04-2022 | 2022-20014226 | |
| 30-09-2020 | micro format | 05-05-2021 | 2021-13400317 | |
| 30-09-2019 | abbreviated format | 30-04-2020 | 2020-11100522 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| - | - | - | 27,161 | 14,833 | 87,970 | 18,845 | ||
| - | - | - | 21,557 | 11,977 | 64,759 | 3,660 | ||
| - | - | - | 0 | 0 | 0 | 7,948 | ||
| -39,365 | 34,472 | -31,126 | -107,526 | -103,704 | 121,476 | - | ||
| 164,485 | 174,042 | 170,041 | 174,005 | 152,448 | 140,472 | 78,980 | ||
| 50.9% | 53.1% | 50.9% | 50.7% | 35.4% | 16.1% | 17.1% | ||
| 2.03 | 2.13 | 2.04 | 2.03 | 1.54 | 1.19 | 1.19 | ||
| 0.24 | 0.28 | 0.30 | 0.35 | 0.53 | 0.81 | 1.19 | ||
| 0.97 | 0.88 | 0.96 | 0.97 | 1.82 | 5.19 | 4.83 | ||
| -5.8% | 2.3% | -2.3% | 11.4% | 6.0% | 42.9% | 3.2% | ||
| -3.0% | 1.2% | -1.2% | 5.8% | 2.1% | 6.9% | 0.6% | ||
| - | - | - | over 100 | 31.93 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on ARGUS PROJECTS
The operating result for 2025 is a loss of €9,721, after a profit of €1,967 in 2024. It is the lowest result since 2019.
Debt's share of the balance-sheet total rises from 46.9% to 49.1%. Equity is lower and debt is higher.