Arga Steel
ActiveSummary
Arga Steel has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 2544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▲+14
Solvency60▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.79 against 2.13 in 2024; short-term debt: 24.7% and cash: 0% of total assets), but 65.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.6%
Return on assets
-3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-3k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
1 d early
2023
27 d late
2022
47 d early
2021
27 d early
2020
58 d early
2019
43 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€39k▼ 8.0%
2024 · €43k
2018: €15k
2019: €-33k
2020: €-32k
2021: €-27k
2022: €30k
2023: €49k
2024: €43k
2018 → 2025
Total assets
€113k▼ 19.5%
2024 · €141k
2018: €56k
2019: €27k
2020: €34k
2021: €57k
2022: €94k
2023: €133k
2024: €141k
2018 → 2025
Net result
€-3k▲ 48.3%
2024 · €-7k
2018: €21k
2019: €-48k
2020: €2k
2021: €5k
2022: €57k
2023: €19k
2024: €-7k
2018 → 2025
Working capital
€50k▲ 5.5%
2024 · €47k
2018: €-6k
2019: €-46k
2020: €-37k
2021: €34k
2022: €70k
2023: €37k
2024: €47k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-27k-€30k€49k▲ 62.4%€43k▼ 13.4%€39k▼ 8.0%
Operating result€5k-€61k▲ 1,113%€28k▼ 54.2%€-3k€-1k▲ 67.7%
Net result€5k-€57k▲ 1,052%€19k▼ 66.8%€-7k€-3k▲ 48.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2025 against €3k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €113k
Fixed assets
€35k ▼ 31.3%
Current assets
€78k ▼ 12.6%
Equity and liabilities €113k
Equity
€39k ▼ 8.0%
Debt
€74k ▼ 24.4%
Debt's share of the balance-sheet total falls from 69.8% to 65.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16k▲
2024 · €14k
Cash flow
€14k▲
2024 · €11k
Current ratio
2.79▲
2024 · 2.13
Debt to equity
1.89▼
2024 · 2.31
ROE
-8.7%▲
2024 · -15.5%
ROA
-3.0%▲
2024 · -4.7%
Interest coverage
7.38▲
2024 · 4.59
Debt ≤ 1 year
€28k▼
2024 · €42k
Debt > 1 year
€46k▼
2024 · €56k
Income taxes
€200▼
2024 · €237
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€141k€113k▼
Fixed assets21/28€51k€35k▼
Tangible fixed assets22/27€51k€35k▼
Plant, machinery and equipment23€889€658▼
Furniture and vehicles24€5k€2k▼
Leasing and similar rights25€46k€33k▼
Current assets29/58€89k€78k▼
Amounts receivable after more than one year29€46k€47k▲
Other amounts receivable291€46k€47k▲
Amounts receivable within one year40/41€38k€31k▼
Trade receivables40€38k€31k▼
Other amounts receivable41€5-
Cash at bank and in hand54/58€4k€48▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€141k€113k▼
Equity10/15€43k€39k▼
Contributions10/11€6k€6k=
Reserves13€36k€33k▼
Distributable reserves133€36k€33k▼
Amounts payable17/49€98k€74k▼
Amounts payable after more than one year17€56k€46k▼
Financial debts170/4€30k€20k▼
Other amounts payable178/9€26k€26k▲
Amounts payable within one year42/48€42k€28k▼
Current portion of amounts payable after more than one year42€10k€11k▲
Trade debts44€24k€14k▼
Suppliers440/4€24k€14k▼
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€7k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€17k▼
Other operating charges640/8€245€2k▲
Gross operating margin9900€15k€18k▲
Operating profit (loss)9901€-3k€-1k▲
Financial income75/76B€154€88▼
Recurring financial income75€154€88▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-6k€-3k▲
Income taxes67/77€237€200▼
Profit (loss) for the period9904€-7k€-3k▲
Profit (loss) for the period to be appropriated9905€-7k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-3k▲
Transfer from equity791/2€7k€3k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €57k ▲1052%
Operating result €61k, net result €57k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.88
Current ratio from 2.83 to 5.88; short-term debt falls from €19k to €14k.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 6current ratio 2.83
Current ratio from 0.44 to 2.83; short-term debt falls from €66k to €19k.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-48k ▼328%
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
Show earlier events
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grote Baan 1203511 HasseltGround area
468 m²
Building footprint
91 m²
Volume, LiDAR
517 m³
Parcel 71483D0192/00L002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Arga Steel
since 20132.224.084.096
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71483D0192/00L002 | Flanders | 468 m² | 1 · 91 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,544 companies in sector 95290 we hold annual accounts for 417. 318 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
95290Repair and maintenance of other personal and household goods
33120Repair and maintenance of machinery
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.