Equity
€1.8m ▲ 30.4%
ARGV has made a profit without a break since 2009.
ARGV
Lifetime
20 annual accounts with figures on one time axis, 29 filings since 1997peak €1.4m (2024)
€1.3m▼ 2.5%
lowest -€36,140 (2008)
€426,820▼ 22.6%
peak €1.8m (2025)
€1.8m▲ 30.4%
€904,083▲ 33.6%
peak 10 FTE (2021)
7.9 FTE▲ 8.2%
Board3 names since 1997
2 directors and 1 other
Documentsfilings and deeds
07-07-202624 days before the deadline
2025abbreviated format
Staff from 7.3 FTE to 7.9 FTEDividend €833Equity from €1.4m to €1.8mDebts from €676,708 to €904,083Investments €444,071Cash from €916,736 to €620,972
Key points
from the 2025 annual accountsTurnover
≈ €3.7m estimated
The abbreviated format states no turnover.
Debts
€904,083 ▲ 33.6%
Debts rose by €227,374 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€448,116 2.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 69.9% higher than in 2024.
Staff
7 employees on 31-12-2025
In 2025, 2 people joined and 4 left.
Position in the sector
€426,820
Higher net result than 95% of companies in specialised construction. Sector median €26,645 · 9,966 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as ARGV has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
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 31,368 companies, not a prediction for ARGV. 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.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0460369027
Appointment: (additional director)
General meeting of 01-11-2019 · Gazette deed
Capital decrease of €202,500 to €18,592.01
Capital from €221,092.01 to €18,592.01 · Changes of role: (director) and (director) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 30-09-2019 · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Merelbeke-Melle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARGV Merelbeke-Melle | €2.7m | €1.3m | 66.9% | 7.9 |
| ELAUT - MORTIER Oosterzele | €2.1m | €1.1m | 79.8% | 7.7 |
| VAN GHELUWE GROND- EN AFBRAAKWERKEN Deinze | €3.6m | €1.5m | 89.1% | 6.8 |
| VACOMET SLOOP Roeselare | €3.0m | €1.3m | 32.3% | 9.8 |
| MONSERÉ SLOOP- EN GRONDWERKEN Tielt | €2.4m | €1.0m | 66.1% | 5.6 |
| GUY NOOYENS Beerse | €3.8m | €1.4m | 42.4% | 10 |
| VAN GORP FRANS Lille | €2.1m | €0.9m | 17.5% | 9.7 |
These companies have the same main activity as ARGV: demolition (NACE 43110). They are comparable in size and age: total assets between €2.1m and €3.8m, founded between 1991 and 2004.
Official details
Source: KBO- Status
- Active since 03-04-1997Normal situation
- Activity
- DemolitionNACE 43110and 5 others
- Joint committee
- 124Construction · annual accounts 2022
- Establishment unit
- 2.081.249.8169090 Merelbeke-Melle, since 03-04-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €2.7m▲ 31.4%
- Employeeson 31-12-2025
- 7▼ 22.2%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on ARGV
ARGV files the abbreviated format. That format states no turnover. The gross margin rose from €294,664 in 2006 to €1.3m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARGV
- What is the company number of ARGV?
- The company number of ARGV is 0460.369.027. The VAT number is the same number with BE in front: BE 0460.369.027.
- Where is ARGV based?
- The registered office is at Oude Heirbaan 31, 9090 Merelbeke-Melle.Company details
- What does ARGV do?
- According to the KBO register, the main activity is demolition (NACE 43110).
- What is the legal form of ARGV?
- ARGV is a private limited company (BV).
- When was ARGV founded?
- ARGV was founded on 03-04-1997.
- Is ARGV still active?
- Yes, ARGV is an active enterprise in the KBO register.
- How many employees does ARGV have?
- ARGV had an average of 7.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ARGV fall under?
- In its 2022 annual accounts, ARGV states joint committee 124 (Construction).
- What is the turnover of ARGV?
- The turnover in financial year 2025 is ≈ €3.7m. This figure is estimated from the gross margin of €1.3m and 67 comparable companies (NACE 43). It probably lies between €2.9m and €5.0m.
- Is ARGV profitable?
- In financial year 2025, ARGV made a profit of €426,820.
- Where can I find the annual accounts of ARGV?
- ARGV filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARGV due?
- ARGV must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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