ACTIVE

Argona - ADW

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Financial year 2025 · Closed on 31/12/2025

Net result1,1 M €-20,4 %over 1 year
Revenue10,1 M €-7,5 %over 1 year
Equity6,7 M €+19,2 %over 1 year
Workforce31,2 ETP+2,0 %over 1 year

Identity

Source · BCE/KBO

Argona - ADW is a Public limited company incorporated in 1992. Its registered office is in Lochristi. It employs on average 31,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0448.776.042
Incorporation
30/11/1992
Legal form
Public limited company
Registered office
Bedrijvenlaan 13
9080 Lochristi · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
31,2 ETP
Joint committees (2)
  • 124
  • 200
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue10,1 M €10,9 M €12,7 M €13,8 M €–
EBITDA2,5 M €2,9 M €2,8 M €2,6 M €571,5 k €
Operating result2,3 M €2,8 M €2,7 M €2,5 M €479,9 k €
Net result1,1 M €1,4 M €1,6 M €1,9 M €442,1 k €
Balance sheet
Equity6,7 M €5,7 M €4,3 M €2,7 M €778,7 k €
Total assets29,5 M €27,8 M €26,2 M €6,8 M €5,3 M €
Cash670,5 k €1,3 M €819,2 k €956,7 k €460,6 k €
Debts22,2 M €21,5 M €21,3 M €3,6 M €4,5 M €
Other
Workforce31,2 ETP30,6 ETP35,7 ETP40,1 ETP40,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 20 ended

Active mandates

ADIMMO

Managing director · since 31 mars 2023 · until 31 mars 2029 · 0449.996.064

Represented by Koenraad MATTHYS

Active
BART INVESTMENT GROUP

Managing director · since 31 mars 2023 · until 31 mars 2029 · 0806.869.853

Represented by Bart VANRUTTEN

Active

Ended mandates

BART INVESTMENT GROUP

Managing director · since 31 mars 2023 · until 31 mars 2029 · 0806.869.853

Represented by Bart VANRUTTEN

Ended
ADIMMO

Managing director · since 30 juin 2020 · until 05 juin 2026 · 0449.996.064

Represented by Koen MATTHYS

Ended
BART INVESTMENT GROUP

Managing director · since 30 juin 2020 · until 05 juin 2026 · 0806.869.853

Represented by Bart VANRUTTEN

Ended
BART INVESTMENT GROUP

Managing director · since 30 juin 2020 · until 05 juin 2026 · 0806.869.853

Represented by Bart VANRUTTEN

Ended

Other companies at this address

Bedrijvenlaan 13 9080 Lochristi
CompanyCBE no.
ARGONA● Active
0787.743.730
M & W● Active
0464.322.865
Shelter Partners● Active
1007.564.833

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/07/202618/07/202529/07/202428/07/202317/10/202230/08/2021
General meeting26/06/202630/06/202525/07/202430/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/06/202625/07/2026DutchPDF
Full model31/12/202430/06/202518/07/2025DutchPDF
Full model31/12/202325/07/202429/07/2024DutchPDF
Full model31/12/202230/06/202328/07/2023DutchPDF
Abridged model31/12/202130/06/202217/10/2022DutchPDF
Abridged model31/12/202030/06/202130/08/2021DutchPDF
Abridged model31/12/201930/06/202011/09/2020DutchPDF
Abridged model31/12/201807/06/201911/06/2019DutchPDF
Abridged model31/12/201701/06/201813/06/2018DutchPDF
Abridged model31/12/201602/06/201706/06/2017DutchPDF
Abridged model31/12/201528/06/201618/08/2016DutchPDF
Abridged model31/12/201429/06/201528/08/2015DutchPDF
Abridged model31/12/201329/07/201417/09/2014DutchPDF
Abridged model31/12/201226/08/201328/08/2013DutchPDF
Abridged model31/12/201128/08/201231/08/2012DutchPDF
Full model31/12/201015/08/201131/08/2011DutchPDF
Abridged model31/12/200911/06/201024/06/2010DutchPDF
Abridged model31/12/200812/06/200922/06/2009DutchPDF
Abridged model31/12/200713/06/200805/07/2008DutchPDF
Abridged model31/12/200608/06/200712/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 20 ended

Active mandates

ADIMMO

Managing director · since 31 mars 2023 · until 31 mars 2029 · 0449.996.064

Represented by Koenraad MATTHYS

Active
BART INVESTMENT GROUP

Managing director · since 31 mars 2023 · until 31 mars 2029 · 0806.869.853

Represented by Bart VANRUTTEN

Active

Ended mandates

BART INVESTMENT GROUP

Managing director · since 31 mars 2023 · until 31 mars 2029 · 0806.869.853

Represented by Bart VANRUTTEN

Ended
ADIMMO

Managing director · since 30 juin 2020 · until 05 juin 2026 · 0449.996.064

Represented by Koen MATTHYS

Ended
BART INVESTMENT GROUP

Managing director · since 30 juin 2020 · until 05 juin 2026 · 0806.869.853

Represented by Bart VANRUTTEN

Ended
BART INVESTMENT GROUP

Managing director · since 30 juin 2020 · until 05 juin 2026 · 0806.869.853

Represented by Bart VANRUTTEN

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other27/06/2025
    BENAMING
    PDF
  • Mandates03/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/04/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/11/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/09/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/11/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other06/02/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates20/08/2009
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,1 M €↓
  2. 2024
    Annual accounts 20241,4 M €↓
  3. 2024
    Name changeARGONA - ADW
  4. 2023
    Annual accounts 20231,6 M €↓
  5. 2022
    Annual accounts 20221,9 M €↑
  6. 2021
    Annual accounts 2021442,1 k €↓
  7. 2020
    Annual accounts 20201,8 M €↓
  8. 2019
    Annual accounts 20192,8 M €↑
  9. 2018
    Annual accounts 20181,8 M €↑
  10. 2017
    Annual accounts 20171,7 M €↓
  11. 2016
    Annual accounts 20161,8 M €↓
  12. 2015
    Annual accounts 20152,1 M €↑
  13. 2014
    Annual accounts 20141,8 M €↓
  14. 2013
    Annual accounts 20131,8 M €↓
  15. 2012
    Annual accounts 20122,7 M €↑
  16. 2011
    Annual accounts 20111,6 M €↑
  17. 2010
    Annual accounts 20101,3 M €↓
  18. 2009
    Annual accounts 20091,8 M €↑
  19. 2008
    Annual accounts 20081,2 M €↑
  20. 2007
    Annual accounts 2007856,6 k €↑
  21. 2006
    Annual accounts 2006745,3 k €
  22. 2006
    Name changeA.D.W.
  23. 30/11/1992
    IncorporationPublic limited company