Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Shrinking team NBB
FTE fell two years in a row, from 2.7 to 1.6.
Financials
Financial year 2024
ARGO DECOR from Hamme (Vl.), company number BE0837158005, closed financial year 2024 with a result of € -103,416 after tax. For that financial year ARGO DECOR recorded a gross margin of € 64,647 and equity of € 282,387. Compared with financial year 2023, the result moved from € -38,667 to € -103,416. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2025.
€ 282,387
▼ 27% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -103,416
▼ 167 % more loss than in 2023
Profit after tax over the fiscal year.
€ 81,225
▲ 65% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 276,187.
People and assets in 2024
1.6
▼ 1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 151,455
▼ 18% vs 2023
€ 94,700 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.
€ 755
▼ 32% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 189,673
▲ 27% vs 2023
€ 9,775 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 172,342
▲ 33% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 4,107
▼ 74% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 251,144 | € 188,520 | € 185,001 | € 64,647 | ▼ 65% |
| Profit after taxes | € 90,460 | € -32,876 | € -38,667 | € -103,416 | ▼ € 64,749 |
| Equity | € 542,925 | € 424,470 | € 385,803 | € 282,387 | ▼ 27% |
| Total debts | € 290,919 | € 414,056 | € 294,557 | € 366,322 | ▲ 24% |
| Cash | € 308,552 | € 51,217 | € 49,339 | € 81,225 | ▲ 65% |
| Land & buildings | € 87,700 | € 82,000 | € 76,300 | € 70,584 | ▼ 7% |
| Retained profit | € 536,725 | € 418,270 | € 379,603 | € 276,187 | ▼ 27% |
| Dividend | € 0 | € 85,580 | € 0 | € 0 | |
| Bank debt | € 136,440 | € 167,568 | € 149,069 | € 189,673 | ▲ 27% |
| Balance sheet total | € 833,844 | € 838,525 | € 680,360 | € 648,710 | ▼ 5% |
| Employees (FTE) | 1 | 2.7 | 2.6 | 1.6 | ▼ 1 |
Key figures of ARGO DECOR, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ARGO DECOR?
What happened at ARGO DECOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 103,416. Source: NBB ↗
- Gino NELIS became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Hamme (Vl.). KBO
In short
From € 90,460 profit in 2021 to € 103,416 loss in 2024.
Paid € 42,662 in corporate taxes since 2021.
Best year ever: 2021, with € 90,460 profit.
On average € 40,400 of value added per employee in 2024.
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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
Directors
According to the 2024 annual accounts
Gino NELIS
Bestuurder
since 2023
Establishments
Establishment units
Physical locations of this company
Mergelbeek 35
9220 Hamme (Vl.)
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0837.158.005
- VAT number
- BE 0837.158.005
- Registered office
- Mergelbeek 35, 9220 Hamme (Vl.)
- Names & denominations
- ARGO DECOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 June 2011
- Peppol
- Active · Active since 1 Sept 2025
- Contact
- argodecor.be
- Activities · NACE
Schilderen van gebouwen
Schilderen van civieltechnische werken
Overige werkzaamheden in verband met de afwerking van gebouwen
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