ACTIVE

ARGON

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Financial year 2025 · closed on 31/12/2025

Net result

522,4 k €

-94.9% YoY

Gross margin

1 M €

-92.8% YoY

Equity

4,1 M €

-26.5% YoY

Workforce

0,0 ETP

-100.0% YoY

What does ARGON do?

ARGON is a Public limited company incorporated in 1987. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0431.581.605

Incorporation

10/07/1987

Legal form

Public limited company

Registered office

Karel van de Woestijnestraat 3
9000 Gent · FlandreSee on map

Contributed capital

599 688,13 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Joint committees (4)

100
20018
218
341

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1 M €	-92.8%	14 M €	+1264%	1 M €	+4.9%	978 k €	-69.8%	3,2 M €	+120%	1,5 M €	+485%	-382,1 k €	-92.6%	-198,4 k €	-3.3%	-192 k €	-115%	-89,5 k €	+48.1%	-172,4 k €	-41.3%	-122 k €	-137%	332,7 k €	-30.2%	476,4 k €	-38.7%	777,1 k €	-33.2%	1,2 M €	+43.0%	814 k €	-14.3%	950,1 k €	-59.2%	2,3 M €
EBITDA	921,8 k €	-93.4%	13,9 M €	+1648%	793,4 k €	+48.1%	535,8 k €	-80.7%	2,8 M €	+160%	1,1 M €	+236%	-787,9 k €	-9.3%	-720,5 k €	+0.4%	-723,4 k €	-9.2%	-662,2 k €	+9.2%	-729,2 k €	-6.7%	-683,5 k €	-174%	-249,9 k €	-141%	-103,6 k €	-138%	272,9 k €	-52.5%	573,9 k €	+176%	208,1 k €	-33.4%	312,5 k €	-76.4%	1,3 M €
Operating result	636,8 k €	-95.3%	13,6 M €	+3297%	400,6 k €	+308%	98,3 k €	-95.7%	2,3 M €	+202%	764 k €	+165%	-1,2 M €	-18.7%	-997,8 k €	-0.8%	-989,6 k €	-6.1%	-932,3 k €	+15.3%	-1,1 M €	-3.4%	-1,1 M €	-75.8%	-605,4 k €	-27.6%	-474,5 k €	-34.6%	-352,4 k €	-910%	-34,9 k €	+93.0%	-501,6 k €	-55.7%	-322,2 k €	-150%	646,8 k €
Net result	522,4 k €	-94.9%	10,3 M €	+4250%	236,7 k €	+780%	-34,8 k €	-102%	2,2 M €	-0.9%	2,2 M €	+675%	-389,9 k €	-491%	-65,9 k €	+88.5%	-570,8 k €	-167%	845,9 k €	+222%	-691,7 k €	-1415%	-45,7 k €	+79.5%	-222,7 k €	-116%	1,4 M €	+318%	325,2 k €	-2.9%	334,9 k €	+383%	-118,3 k €	-107%	1,7 M €	+254%	488,8 k €
Balance sheet
Equity	4,1 M €	-26.5%	5,6 M €	+60.4%	3,5 M €	+7.3%	3,2 M €	-1.1%	3,3 M €	-74.8%	13 M €	+20.9%	10,7 M €	-3.5%	11,1 M €	-0.6%	11,2 M €	-4.9%	11,8 M €	+7.7%	10,9 M €	-6.0%	11,6 M €	-0.4%	11,7 M €	-1.9%	11,9 M €	+12.9%	10,5 M €	+3.2%	10,2 M €	+3.4%	9,9 M €	-1.2%	10 M €	+21.0%	8,3 M €
Total assets	7,9 M €	-57.5%	18,7 M €	+150%	7,5 M €	+14.9%	6,5 M €	+24.4%	5,2 M €	-68.0%	16,3 M €	-3.3%	16,9 M €	-4.6%	17,7 M €	-1.8%	18 M €	-2.7%	18,5 M €	+5.2%	17,6 M €	-4.5%	18,4 M €	-6.4%	19,7 M €	-3.4%	20,4 M €	+0.4%	20,3 M €	-1.2%	20,6 M €	-1.4%	20,8 M €	-2.0%	21,3 M €	+1.5%	21 M €
Cash	1,8 M €	-85.8%	12,4 M €	+772%	1,4 M €	+468%	250,1 k €	-60.2%	628,8 k €	-89.7%	6,1 M €	+148%	2,5 M €	-10.4%	2,7 M €	-1.0%	2,8 M €	-15.4%	3,3 M €	+1.2%	3,2 M €	-19.1%	4 M €	+186%	1,4 M €	-26.6%	1,9 M €	+24.2%	1,5 M €	+128%	673,2 k €	-43.3%	1,2 M €	-23.0%	1,5 M €	-35.2%	2,4 M €
Debts	2,6 M €	-78.2%	11,9 M €	+210%	3,8 M €	+18.7%	3,2 M €	+70.1%	1,9 M €	-41.9%	3,3 M €	-39.4%	5,4 M €	-6.5%	5,7 M €	-1.4%	5,8 M €	+1.7%	5,7 M €	-10.4%	6,4 M €	-1.6%	6,5 M €	-14.9%	7,6 M €	-5.9%	8,1 M €	-12.9%	9,3 M €	-5.8%	9,9 M €	-4.5%	10,4 M €	-5.1%	10,9 M €	-10.7%	12,3 M €
Other
Workforce	0,0 ETP	-100%	0,1 ETP	-91.7%	1,2 ETP	-68.4%	3,8 ETP	+90.0%	2,0 ETP	-50.0%	4,0 ETP	-2.4%	4,1 ETP	-30.5%	5,9 ETP	-11.9%	6,7 ETP	0.0%	6,7 ETP	-2.9%	6,9 ETP	-4.2%	7,2 ETP	+7.5%	6,7 ETP	+13.6%	5,9 ETP	+18.0%	5,0 ETP	-13.8%	5,8 ETP	-7.9%	6,3 ETP	-30.0%	9,0 ETP	-36.2%	14,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

RMM Services

Director · since 20 novembre 2020 · until 19 juin 2026 · 0757.846.449

Represented by Stefan MARIËN

Active

RR INVEST SARL

Director · since 29 juin 2020 · until 19 juin 2026

Represented by Rudi MARIËN

Active

Ended mandates

RMM Services

Managing director · since 20 novembre 2020 · until 19 juin 2026 · 0757.846.449

Represented by Stefan MARIËN

Ended

RMM Services

Managing director · since 20 novembre 2020 · until 28 juin 2026 · 0757.846.449

Represented by Stefan Mariën

Ended

RR Invest

Director · since 29 juin 2020 · until 19 juin 2026

Represented by Rudi MARIËN

Ended

RR Invest SARL

Director · since 29 juin 2020 · until 19 juin 2026

Represented by Rudi MARIËN

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/06/2026	25/06/2025	21/06/2024	21/06/2023	11/07/2022	31/05/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	30/06/2022	27/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	29/06/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	25/06/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	21/06/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	27/05/2021	31/05/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	23/06/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	10/07/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	13/07/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	28/09/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	25/09/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	27/09/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	29/09/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	22/10/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	18/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	13/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

RMM Services

Director · since 20 novembre 2020 · until 19 juin 2026 · 0757.846.449

Represented by Stefan MARIËN

Active

RR INVEST SARL

Director · since 29 juin 2020 · until 19 juin 2026

Represented by Rudi MARIËN

Active

Ended mandates

RMM Services

Managing director · since 20 novembre 2020 · until 19 juin 2026 · 0757.846.449

Represented by Stefan MARIËN

Ended

RMM Services

Managing director · since 20 novembre 2020 · until 28 juin 2026 · 0757.846.449

Represented by Stefan Mariën

Ended

RR Invest

Director · since 29 juin 2020 · until 19 juin 2026

Represented by Rudi MARIËN

Ended

RR Invest SARL

Director · since 29 juin 2020 · until 19 juin 2026

Represented by Rudi MARIËN

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring08/07/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/05/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates21/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring27/07/2020
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring11/05/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates14/01/2013
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025522,4 k €↓
2024
Annual accounts 202410,3 M €↑
2023
Annual accounts 2023236,7 k €↑
2022
Annual accounts 2022-34,8 k €↓
2021
Annual accounts 20212,2 M €↓
2019
Annual accounts 20192,2 M €↑
2018
Annual accounts 2018-389,9 k €↓
2017
Annual accounts 2017-65,9 k €↑
2016
Annual accounts 2016-570,8 k €↓
2015
Annual accounts 2015845,9 k €↑
2014
Annual accounts 2014-691,7 k €↓
2013
Annual accounts 2013-45,7 k €↑
2012
Annual accounts 2012-222,7 k €↓
2011
Annual accounts 20111,4 M €↑
2010
Annual accounts 2010325,2 k €↓
2009
Annual accounts 2009334,9 k €↑
2008
Annual accounts 2008-118,3 k €↓
2007
Annual accounts 20071,7 M €↑
2006
Annual accounts 2006488,8 k €
10/07/1987
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ARGON

Overview

What does ARGON do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline