Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
ARGV from Merelbeke-Melle, company number BE0460369027, closed financial year 2025 with a result of € 426,820 after tax. For that financial year ARGV recorded a gross margin of € 1.3 million and equity of € 1.8 million. Compared with financial year 2024, the result moved from € 551,620 to € 426,820. 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 July 7, 2026.
€ 1.8 million
▲ 30% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 426,820
▼ 23% vs 2024
Profit after tax over the fiscal year.
€ 620,972
▼ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 833 paid out
0 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
7.9
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 520,014
▲ 17% vs 2024
€ 65,800 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.
€ 262,164
▲ 27% vs 2024
Of which on lease € 48,384.
Debts at end 2025
€ 403,857
▲ 112% vs 2024
€ 63,634 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 400,668
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,771
▼ 31% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 977,452 | € 855,745 | € 1,360,167 | € 1,326,061 | ▼ 3% |
| Profit after taxes | € 353,009 | € 205,066 | € 551,620 | € 426,820 | ▼ 23% |
| Equity | € 915,445 | € 1,084,711 | € 1,402,091 | € 1,828,078 | ▲ 30% |
| Total debts | € 654,564 | € 743,129 | € 676,708 | € 904,083 | ▲ 34% |
| Cash | € 461,413 | € 792,753 | € 916,736 | € 620,972 | ▼ 32% |
| Retained profit | € 896,853 | € 1,066,119 | € 1,383,499 | € 1,809,486 | ▲ 31% |
| Dividend | € 800 | € 35,800 | € 234,240 | € 833 | ▼ € 233,407 |
| Bank debt | € 265,867 | € 308,122 | € 190,836 | € 403,857 | ▲ 112% |
| Balance sheet total | € 1,570,009 | € 1,827,841 | € 2,078,800 | € 2,732,161 | ▲ 31% |
| Employees (FTE) | 8.5 | 7.6 | 7.3 | 7.9 | ▲ 0.6 |
Key figures of ARGV, 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 ARGV?
What happened at ARGV in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 426,820 (▼ 23% vs 2024). Source: NBB ↗
- Evelien De Letter became a director. NBB
- Joachim De Letter became a director. NBB
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
In short
From € 353,009 profit in 2022 to € 426,820 profit in 2025.
Paid € 519,214 in corporate taxes since 2022.
Best year ever: 2024, with € 551,620 profit.
On average € 167,900 of value added per employee in 2025.
A new publication or filing at ARGV? We notify you, reason included.
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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
Behind ARGV are Joachim De Letter and Evelien De Letter. Joachim De Letter is also behind A.D.L. Service.
Directors
According to the 2025 annual accounts
since 2018
Evelien De Letter
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Oude Heirbaan 31
9090 Merelbeke-Melle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0460.369.027
- VAT number
- BE 0460.369.027
- Registered office
- Oude Heirbaan 31, 9090 Merelbeke-Melle
- Names & denominations
- ARGV
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 April 1997
- Peppol
- Active · Active since 24 Nov 2023
- Contact
- argv.be
- Activities · NACE
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