Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 2 to 1.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ARGON from Aalst, company number BE0439507196, closed financial year 2025 with a result of € 117,138 after tax. For that financial year ARGON recorded a gross margin of € 727,541 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 112,646 to € 117,138. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 1.6 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 117,138
▲ 4% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.3 million.
People and assets in 2025
1
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 69,532
▼ 16% vs 2024
€ 69,500 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.
€ 233,798
▼ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.5 million
▼ 12% vs 2024
Loans from banks and other lenders, long and short.
€ 44,838
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 57,172
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 555,256 | € 687,642 | € 820,194 | € 727,541 | ▼ 11% |
| Profit after taxes | € 105,909 | € 73,434 | € 112,646 | € 117,138 | ▲ 4% |
| Equity | € 1,280,851 | € 1,354,285 | € 1,466,932 | € 1,584,070 | ▲ 8% |
| Total debts | € 3,182,823 | € 4,651,857 | € 4,367,877 | € 3,903,184 | ▼ 11% |
| Land & buildings | € 3,030,030 | € 5,498,427 | € 5,224,675 | € 4,925,087 | ▼ 6% |
| Retained profit | € 967,248 | € 1,040,682 | € 1,153,329 | € 1,270,467 | ▲ 10% |
| Bank debt | € 2,000,000 | € 4,000,000 | € 4,000,000 | € 3,500,000 | ▼ 12% |
| Balance sheet total | € 4,508,714 | € 6,048,453 | € 5,874,556 | € 5,524,592 | ▼ 6% |
| Employees (FTE) | 2 | 2 | 1.1 | 1 | ▼ 0.1 |
Key figures of ARGON, 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 July 2027.
What happened to ARGON?
What happened at ARGON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 117,138 (▲ 4% vs 2024). Source: NBB ↗
- PIERRE MACHARIS became a director. NBB
- FINCOPRO BV became a director. NBB
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
In short
From € 105,909 profit in 2022 to € 117,138 profit in 2025.
Paid € 149,554 in corporate taxes since 2022.
Best year ever: 2025, with € 117,138 profit.
On average € 727,500 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of IMMOWELL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ARGONBehind ARGON are PIERRE MACHARIS and FINCOPRO BV. The shares are held by VPK Group NV (100%) and IMMOWELL (99.1%).
Directors
According to the 2025 annual accounts
PIERRE MACHARIS
Director
Also active at: IMMOWELL, ECOFORMER, SMART PACKAGING SOLUTIONS, CARTONNERIES DE WALLONIE, Lion Privak, COREX HOLDING
since 2018
Director · represented by ERIK PEETERS
Also active at: COREX Belgium, IMMOWELL, ECOFORMER, SMART PACKAGING SOLUTIONS, VPK SERVICES, Febex Invest, COREX HOLDING, VPK FINANCE
since 2013
Shareholders
100%
99.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kareelstraat 108
9300 Aalst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →Febex Invest same network
Astral (Riyadhstraat)
€ 584,226 gross margin · 2024
COREX HOLDING same network
Windy Wood
Waaienbos
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.507.196
- VAT number
- BE 0439.507.196
- Registered office
- Kareelstraat 108, 9300 Aalst
- Names & denominations
- ARGON
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 1989
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen