ACTIVE

ARGUS CONSULT

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Financial year 2025 · closed on 31/12/2025

Net result

2,1 M €

+4137.4% YoY

Gross margin

411,8 k €

+37.5% YoY

Equity

2,9 M €

+267.1% YoY

What does ARGUS CONSULT do?

ARGUS CONSULT is a Private limited company incorporated in 1989. Its main activity is: Management consultancy activities. Its registered office is in Schilde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.748.339

Incorporation

01/03/1989

Legal form

Private limited company

Registered office

Schutbocht 15
2970 Schilde · FlandreSee on map

Contributed capital

418 592,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 73200Market research and public opinion polling 73200Market research and public opinion polling 74131Specialised design activities

Joint committees (2)

200
2000

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	411,8 k €	+37.5%	299,5 k €	+1.4%	295,3 k €	+4.5%	282,6 k €	+39.4%	202,8 k €	+158%	78,6 k €	+762%	9,1 k €	-87.1%	70,4 k €	+35.9%	51,8 k €	+235%	15,5 k €	+9964%	153,6 €	-87.5%	1,2 k €	-85.7%	8,6 k €	-41.2%	14,7 k €	-40.1%	24,5 k €	-57.4%	57,6 k €	+11.2%	51,8 k €	+23.3%	42 k €
EBITDA	136,8 k €	-41.3%	233,2 k €	-4.1%	243,1 k €	-4.4%	254,5 k €	+38.2%	184,1 k €	+156%	72 k €	+746%	8,5 k €	-87.7%	69,2 k €	+33.9%	51,7 k €	+237%	15,3 k €	+49088%	31,2 €	-95.7%	731,5 €	-91.1%	8,3 k €	-39.6%	13,7 k €	-39.7%	22,7 k €	-59.1%	55,5 k €	+14.5%	48,5 k €	+36.7%	35,5 k €
Operating result	64,4 k €	-58.8%	156,2 k €	-6.1%	166,3 k €	-8.4%	181,6 k €	+413%	-58 k €	-255%	37,4 k €	+384%	7,7 k €	-88.6%	68,1 k €	+33.5%	51 k €	+252%	14,5 k €	+2748%	-547 €	-214%	477,8 €	-94.2%	8,2 k €	-40.3%	13,7 k €	-39.7%	22,7 k €	-59.1%	55,5 k €	+14.5%	48,5 k €	+36.7%	35,5 k €
Net result	2,1 M €	+4137%	49 k €	-15.0%	57,7 k €	-33.3%	86,5 k €	+161%	-140,7 k €	-1445%	10,5 k €	+163%	4 k €	-91.2%	45,3 k €	+33.1%	34 k €	+227%	10,4 k €	+907%	-1,3 k €	-135%	-548,5 €	-111%	4,9 k €	-45.2%	9 k €	-36.6%	14,2 k €	-56.2%	32,4 k €	+23.6%	26,2 k €	-67.6%	80,9 k €
Balance sheet
Equity	2,9 M €	+267%	777,8 k €	+6.7%	728,8 k €	+8.6%	671,1 k €	+14.8%	584,7 k €	+34.6%	434,2 k €	+34.1%	323,8 k €	+1.2%	319,8 k €	+16.5%	274,5 k €	-19.4%	340,5 k €	+3.2%	330,1 k €	-0.4%	331,4 k €	-0.2%	331,9 k €	+1.5%	327 k €	+2.8%	318 k €	+4.7%	303,8 k €	+12.0%	271,3 k €	+10.7%	245,1 k €
Total assets	5,1 M €	+73.1%	3 M €	-4.6%	3,1 M €	-3.6%	3,2 M €	+2.5%	3,1 M €	+357%	687,3 k €	+87.4%	366,8 k €	-1.9%	373,8 k €	+24.5%	300,2 k €	-15.9%	357,2 k €	+1.3%	352,6 k €	-0.7%	354,9 k €	-1.1%	358,9 k €	+6.4%	337,2 k €	-5.7%	357,7 k €	+3.9%	344,4 k €	+8.5%	317,5 k €	-24.3%	419,6 k €
Cash	403 k €	+502%	67 k €	-43.2%	118 k €	+29.2%	91,4 k €	-43.6%	161,9 k €	-4.3%	169,2 k €	+576%	25 k €	-70.7%	85,5 k €	+2345%	3,5 k €	-94.6%	64,2 k €	-16.4%	76,8 k €	+29.8%	59,2 k €	-11.3%	66,7 k €	+71.8%	38,8 k €	-6.8%	41,6 k €	-2.9%	42,9 k €	+65.1%	26 k €	+263%	7,2 k €
Debts	2,2 M €	+4.0%	2,1 M €	-8.3%	2,3 M €	-7.9%	2,5 M €	+0.7%	2,5 M €	+898%	253,1 k €	+489%	43 k €	-20.4%	54 k €	+111%	25,6 k €	+102%	12,7 k €	-42.6%	22,1 k €	+8.0%	20,5 k €	-24.2%	27 k €	+164%	10,2 k €	-74.3%	39,8 k €	-2.3%	40,7 k €	-11.9%	46,2 k €	-73.5%	174,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Bert Vandecaveye

Manager · since 31 mars 1998

Active

Ended mandates

Marc Vandecaveye

Manager · since 03 juillet 2009

Ended

Bert Vandecaveye

Manager · since 03 avril 1998

Ended

Marc Vandecaveye

Manager · since 03 avril 1998

Ended

Bert Vandecaveye

Director · since 31 mars 1998

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	03/06/2026	06/06/2025	17/06/2024	24/07/2023	29/06/2022	06/07/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	30/06/2023	07/06/2022	30/06/2021
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
Micro model	31/12/2025	02/06/2026	03/06/2026	Dutch	PDF
Micro model	31/12/2024	03/06/2025	06/06/2025	Dutch	PDF
Micro model	31/12/2023	04/06/2024	17/06/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	24/07/2023	Dutch	PDF
Micro model	31/12/2021	07/06/2022	29/06/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	06/07/2021	Dutch	PDF
Micro model	31/12/2019	17/06/2020	13/07/2020	Dutch	PDF
Micro model	31/12/2018	07/05/2019	03/06/2019	Dutch	PDF
Micro model	31/12/2017	10/04/2018	04/05/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	31/07/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/07/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	01/07/2014	08/07/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	25/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	01/07/2009	24/07/2009	Dutch	PDF
Abridged model	31/12/2007	01/07/2008	16/07/2008	Dutch	PDF
Abridged model	31/12/2006	02/07/2007	27/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 6 ended

Active mandates

Bert Vandecaveye

Manager · since 31 mars 1998

Active

Ended mandates

Marc Vandecaveye

Manager · since 03 juillet 2009

Ended

Bert Vandecaveye

Manager · since 03 avril 1998

Ended

Marc Vandecaveye

Manager · since 03 avril 1998

Ended

Bert Vandecaveye

Director · since 31 mars 1998

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office25/11/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/07/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares15/03/2018
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/08/2010
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/09/2008
MAATSCHAPPELIJKE ZETEL
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 20252,1 M €↑
2024
Annual accounts 202449 k €↓
2023
Annual accounts 202357,7 k €↓
2022
Annual accounts 202286,5 k €↑
2021
Annual accounts 2021-140,7 k €↓
2018
Annual accounts 201810,5 k €↑
2017
Annual accounts 20174 k €↓
2016
Annual accounts 201645,3 k €↑
2015
Annual accounts 201534 k €↑
2014
Annual accounts 201410,4 k €↑
2013
Annual accounts 2013-1,3 k €↓
2012
Annual accounts 2012-548,5 €↓
2011
Annual accounts 20114,9 k €↓
2010
Annual accounts 20109 k €↓
2009
Annual accounts 200914,2 k €↓
2008
Annual accounts 200832,4 k €↑
2007
Annual accounts 200726,2 k €↓
2006
Annual accounts 200680,9 k €
01/03/1989
IncorporationPrivate 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

ARGUS CONSULT

Overview

What does ARGUS CONSULT do?

Trend over 18 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