Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ARGAYON from Braine-le-Château, company number BE0435596910, closed financial year 2025 with a result of € 1 million after tax. For that financial year ARGAYON recorded revenue of € 1.9 million and equity of € 55.8 million. Compared with financial year 2024, the result moved from € 1.1 million to € 1 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 55.8 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1 million
▼ 4% vs 2024
Profit after tax over the fiscal year.
€ 316,945
▼ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 32.1 million.
People and assets in 2025
4.8
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 310,141
▼ 13% vs 2024
€ 64,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 289,352
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 15.8 million
▼ 6% vs 2024
€ 1.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 245,519
▲ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 48 days on average.
€ 128,506
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,754,167 | € 1,220,436 | € 1,720,004 | € 1,908,413 | ▲ 11% |
| Profit after taxes | € 2,270,169 | € -1,547,984 | € 1,084,899 | € 1,041,313 | ▼ 4% |
| Equity | € 57,967,333 | € 53,634,961 | € 54,719,859 | € 55,761,172 | ▲ 2% |
| Total debts | € 29,179,693 | € 29,118,268 | € 31,261,377 | € 30,546,624 | ▼ 2% |
| Cash | € 6,256,068 | € 989,132 | € 1,062,531 | € 316,945 | ▼ 70% |
| Land & buildings | € 35,059,521 | € 37,935,917 | € 39,824,442 | € 40,539,062 | ▲ 2% |
| Retained profit | € 32,772,411 | € 29,960,527 | € 31,045,425 | € 32,086,738 | ▲ 3% |
| Bank debt | € 14,822,955 | € 15,971,701 | € 16,820,321 | € 15,801,865 | ▼ 6% |
| Balance sheet total | € 106,722,384 | € 102,139,082 | € 105,158,276 | € 105,272,813 | |
| Employees (FTE) | 3.7 | 5.7 | 5.9 | 4.8 | ▼ 1.1 |
Key figures of ARGAYON, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 December 2026.
What happened to ARGAYON?
What happened at ARGAYON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Yves CATTELAIN stepped down as director. NBB
- Christian CATTELAIN stepped down as director. NBB
- Nathalie CATTELAIN stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1 million (▼ 4% vs 2024). filed late Source: NBB ↗
- Christine DUBOIS became a director. NBB
- New establishment in Gembloux. KBO
- Nathalie CATTELAIN became a director. NBB
- Yves CATTELAIN became a director. NBB
In short
From € 2.3 million profit in 2022 to € 1 million profit in 2025.
Paid € 1.7 million in corporate taxes since 2022.
Best year ever: 2022, with € 2.3 million profit.
Pays suppliers within 48 days on average.
Management
Behind ARGAYON is Christine DUBOIS. It owns 100% of BRICO BOIS S.A., 100% of DINA DISTRIBUTION NAMUR S.A., 100% of DG & Co S.A., 100% of NYC S.A., 100% of SODI S.A. and 100% of SAN-E-MAT S.A. itself.
Directors
According to the 2025 annual accounts
Christine DUBOIS
Director
Also active at: CHARIOT IMMOBILIER & ADMINISTRATION, Techniques - Services et Compétences
since 2022
Yves CATTELAIN
Managing director
Also active at: N.Y.C., SOCIETE DE DISTRIBUTION, D.G. & C°, BRICO BOIS, SAN-E-MAT, GRAHAM, DINA DISTRIBUTION NAMUR
since 2009 · until 2027
Christian CATTELAIN
Managing director
Also active at: N.Y.C., SOCIETE DE DISTRIBUTION, D.G. & C°, BRICO BOIS, DINA DISTRIBUTION NAMUR
since 2009 · until 2027
Nathalie CATTELAIN
Director
Also active at: N.Y.C., SOCIETE DE DISTRIBUTION, D.G. & C°, CATTIMMO, BRICO BOIS, SAN-E-MAT, DINA DISTRIBUTION NAMUR
since 2018 · until 2027
Establishments
Establishment units
Physical locations of this company
Parc Industriel(W-B) 21a
1440 Braine-le-Château
Parc Industriel(W-B) 21
1440 Braine-le-Château
Active since 14 November 1988
Chaussée de Wavre, Ernage 44A
5030 Gembloux
Active since 23 December 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.596.910
- VAT number
- BE 0435.596.910
- Registered office
- Parc Industriel(W-B) 21a, 1440 Braine-le-Château
- Names & denominations
- ARGAYON
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 October 1988
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- [email protected]
- Activities · NACE
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