ACTIVE

ARGAYON

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Financial year 2025 · closed on 31/05/2025

Net result

1 M €

-4.0% YoY

Revenue

1,9 M €

+11.0% YoY

Equity

55,8 M €

+1.9% YoY

Workforce

4,8 ETP

-18.6% YoY

What does ARGAYON do?

ARGAYON is a Public limited company incorporated in 1988. Its registered office is in Braine-le-Château. It employs on average 4,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.596.910

Incorporation

11/10/1988

Legal form

Public limited company

Registered office

Parc Industriel(W-B) 21a
1440 Braine-le-Château · WallonieSee on map

Contributed capital

1 090 068,52 €

Latest accounts

31/05/2025

Average workforce

4,8 ETP

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2005
Income statement
Revenue	1,9 M €	+11.0%	1,7 M €	+40.9%	1,2 M €	-30.4%	1,8 M €	+17.6%	1,5 M €	-10.8%	1,7 M €	-0.1%	1,7 M €	+0.1%	1,7 M €	-0.2%	1,7 M €	-19.3%	2,1 M €	+24.1%	1,7 M €	+20.1%	1,4 M €	+12.9%	1,2 M €	-18.0%	1,5 M €	-4.3%	1,6 M €		–		–		–		–		–
EBITDA	5,2 M €	+12.5%	4,7 M €	+48.5%	3,1 M €	-10.0%	3,5 M €	+100%	1,7 M €	-4.7%	1,8 M €	+2.7%	1,8 M €	+5.5%	1,7 M €	+3.7%	1,6 M €	-25.2%	2,2 M €	+18.6%	1,8 M €	+2.5%	1,8 M €	+42.5%	1,3 M €	-19.3%	1,6 M €	-4.7%	1,6 M €	-7.8%	1,8 M €	-9.9%	2 M €	-1.1%	2 M €	+182%	705,9 k €	+160%	271,6 k €
Operating result	3,4 M €	+13.3%	3 M €	+97.8%	1,5 M €	-49.2%	3 M €	+82.3%	1,7 M €	-5.2%	1,8 M €	+3.2%	1,7 M €	+6.3%	1,6 M €	-3.2%	1,7 M €	-19.1%	2 M €	+14.3%	1,8 M €	+2.6%	1,7 M €	+44.1%	1,2 M €	-20.0%	1,5 M €	-4.9%	1,6 M €	-8.1%	1,7 M €	-10.1%	1,9 M €	-1.1%	1,9 M €	+205%	637,4 k €	+186%	223,1 k €
Net result	1 M €	-4.0%	1,1 M €	+170%	-1,5 M €	-168%	2,3 M €	+274%	607 k €	-9.4%	669,9 k €	-34.9%	1 M €	+10.5%	930,8 k €	+108%	-12,3 M €	-1104%	1,2 M €	+46.8%	834,3 k €	-3.0%	859,9 k €	+393%	-293,7 k €	-445%	85,1 k €	-66.6%	254,8 k €	+110%	-2,5 M €	-521%	603 k €	+30.4%	462,3 k €	+10.2%	419,5 k €	+116%	194,2 k €
Balance sheet
Equity	55,8 M €	+1.9%	54,7 M €	+2.0%	53,6 M €	-7.5%	58 M €	+474%	10,1 M €	+6.4%	9,5 M €	+7.6%	8,8 M €	+13.2%	7,8 M €	-56.4%	17,9 M €	+17.8%	15,2 M €	+8.8%	13,9 M €	+6.4%	13,1 M €	+7.0%	12,2 M €	+1082%	1 M €	+8.9%	951 k €	+36.6%	696,2 k €	-59.3%	1,7 M €	+54.5%	1,1 M €	+71.7%	644,5 k €	-47.7%	1,2 M €
Total assets	105,3 M €	+0.1%	105,2 M €	+3.0%	102,1 M €	-4.3%	106,7 M €	+56.1%	68,4 M €	-1.3%	69,3 M €	+0.6%	68,8 M €	+1.4%	67,9 M €	+2.5%	66,2 M €	+5.4%	62,8 M €	-0.2%	62,9 M €	+0.3%	62,8 M €	+1.4%	61,9 M €	+30.1%	47,6 M €	-0.9%	48 M €	+1.0%	47,5 M €	-3.2%	49,1 M €	+1.0%	48,6 M €	+1.0%	48,1 M €	+1081%	4,1 M €
Cash	316,9 k €	-70.2%	1,1 M €	+7.4%	989,1 k €	-84.2%	6,3 M €	+1563%	376,1 k €	-65.7%	1,1 M €	-25.2%	1,5 M €	+9.2%	1,3 M €	+243%	391,8 k €	+1149%	31,4 k €	-86.2%	227,1 k €	-40.3%	380,4 k €	+221%	118,5 k €	-66.5%	354,3 k €	+241%	103,8 k €	-87.0%	799,4 k €	+21801%	3,7 k €	-87.5%	29,3 k €	-92.7%	400,6 k €	+2.1%	392,3 k €
Debts	29,9 M €	-1.8%	30,4 M €	+7.2%	28,4 M €	-0.3%	28,5 M €	-32.5%	42,2 M €	-3.2%	43,6 M €	-0.2%	43,7 M €	-0.0%	43,7 M €	+1.8%	43 M €	+1.7%	42,2 M €	-3.0%	43,5 M €	-1.4%	44,2 M €	+0.7%	43,9 M €	-5.2%	46,2 M €	-1.2%	46,8 M €	+0.4%	46,6 M €	-1.2%	47,1 M €	-0.2%	47,2 M €	+0.1%	47,2 M €	+1698%	2,6 M €
Other
Workforce	4,8 ETP	-18.6%	5,9 ETP	+3.5%	5,7 ETP	+54.1%	3,7 ETP	+185%	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 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 31/05/2025 · 4 active · 21 ended

Active mandates

Christine DUBOIS

Director · since 25 avril 2022

Active

Nathalie CATTELAIN

Director · since 17 mai 2018 · until 14 janvier 2027

Active

Christian CATTELAIN

Managing director · since 01 juillet 2009 · until 14 janvier 2027

Active

Yves CATTELAIN

Managing director · since 01 juillet 2009 · until 14 janvier 2027

Active

Ended mandates

Nathalie CATTELAIN

Director · since 17 mai 2018 · until 31 mai 2021

Ended

NATHALIE CATTELAIN

Director · since 07 juillet 2009 · until 27 octobre 2015

Ended

Christian CATTELAIN

Managing director · since 01 juillet 2009 · until 27 octobre 2015

Ended

Christian CATTELAIN

Managing director · since 01 juillet 2009 · until 31 mai 2021

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/06/2024	01/06/2023	01/06/2022	01/06/2021	01/06/2020	01/06/2019
Closing of the financial year	31/05/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021	31/05/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/01/2026	30/01/2025	31/01/2024	08/02/2023	27/01/2022	28/01/2021
General meeting	19/12/2025	03/01/2025	29/12/2023	30/12/2022	20/12/2021	06/01/2021
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

26 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/05/2025	19/12/2025	29/01/2026	French	PDF
Full model	31/05/2024	03/01/2025	30/01/2025	French	PDF
Full model	31/05/2023	29/12/2023	31/01/2024	French	PDF
Full model	31/05/2022	30/12/2022	08/02/2023	French	PDF
Full model	31/05/2021	20/12/2021	27/01/2022	French	PDF
Full model	31/05/2020	06/01/2021	28/01/2021	French	PDF
Full model	31/05/2019	23/12/2019	30/01/2020	French	PDF
Full model	31/05/2018	20/12/2018	30/01/2019	French	PDF
Full model	31/05/2017	26/12/2017	30/01/2018	French	PDF
Full model	31/05/2016	23/11/2016	20/12/2016	French	PDF
m120-f-p	31/12/2015	30/06/2017	30/09/2017	French	PDF
Full model	31/05/2015	23/11/2015	31/12/2015	French	PDF
m120-f-p	31/12/2014	17/12/2015	30/12/2015	French	PDF
Full model	31/05/2014	27/11/2014	29/01/2015	French	PDF
m120-f-p	31/12/2013	17/12/2014	29/01/2015	French	PDF
Full model	31/05/2013	24/01/2014	31/01/2014	French	PDF
m120-f-p	31/12/2012	17/12/2013	30/12/2013	French	PDF
Full model	31/05/2012	30/12/2012	23/01/2013	French	PDF
m120-f-p	31/12/2011	29/11/2012	31/12/2012	French	PDF
Full model	31/05/2011	14/02/2012	27/03/2012	French	PDF
m120-f-p	31/12/2010	26/12/2011	28/12/2011	French	PDF
Abridged model	31/05/2010	30/11/2010	25/01/2011	French	PDF
Abridged model	31/05/2009	27/01/2010	29/01/2010	French	PDF
Abridged model	31/05/2008	26/01/2009	30/01/2009	French	PDF

View all 26 filings

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 31/05/2025 · 4 active · 21 ended

Active mandates

Christine DUBOIS

Director · since 25 avril 2022

Active

Nathalie CATTELAIN

Director · since 17 mai 2018 · until 14 janvier 2027

Active

Christian CATTELAIN

Managing director · since 01 juillet 2009 · until 14 janvier 2027

Active

Yves CATTELAIN

Managing director · since 01 juillet 2009 · until 14 janvier 2027

Active

Ended mandates

Nathalie CATTELAIN

Director · since 17 mai 2018 · until 31 mai 2021

Ended

NATHALIE CATTELAIN

Director · since 07 juillet 2009 · until 27 octobre 2015

Ended

Christian CATTELAIN

Managing director · since 01 juillet 2009 · until 27 octobre 2015

Ended

Christian CATTELAIN

Managing director · since 01 juillet 2009 · until 31 mai 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring19/08/2026
Acte 2 - FUSION PAR ABSORPTION — OPERATION ASSIMILEE - SOCIETE
PDF
Restructuring02/06/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring06/05/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates23/03/2026
DEMISSIONS, NOMINATIONS
PDF
Restructuring03/08/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Restructuring03/08/2023
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring19/05/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates24/02/2023
DEMISSIONS, NOMINATIONS
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

19/12/2025
reconductionFrançois CHALMAGNE — commissaire
2025
Annual accounts 20251 M €↓
2024
Annual accounts 20241,1 M €↑
2023
Annual accounts 2023-1,5 M €↓
30/12/2022
reconductionFrançois CHALMAGNE — commissaire
2022
Annual accounts 20222,3 M €↑
25/04/2022
nominationChristine DUBOIS — administrateur
2021
Annual accounts 2021607 k €↓
2020
Annual accounts 2020669,9 k €↓
2019
Annual accounts 20191 M €↑
2018
Annual accounts 2018930,8 k €↑
2017
Annual accounts 2017-12,3 M €↓
2016
Annual accounts 20161,2 M €↑
2015
Annual accounts 2015834,3 k €↓
2014
Annual accounts 2014859,9 k €↑
2013
Annual accounts 2013-293,7 k €↓
2012
Annual accounts 201285,1 k €↓
2011
Annual accounts 2011254,8 k €↑
2010
Annual accounts 2010-2,5 M €↓
2009
Annual accounts 2009603 k €↑
2008
Annual accounts 2008462,3 k €↑
2007
Annual accounts 2007419,5 k €↑
2005
Annual accounts 2005194,2 k €
11/10/1988
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

ARGAYON

Overview

What does ARGAYON do?

Trend over 20 financial years

Indicative valuation

Board of directors

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