ACTIVE

ARGV

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Financial year 2024 · closed on 31/12/2024

Net result

551,6 k €

+169.0% YoY

Gross margin

1,4 M €

+58.9% YoY

Equity

1,4 M €

+29.3% YoY

Workforce

7,3 ETP

-3.9% YoY

What does ARGV do?

ARGV is a Private limited company incorporated in 1997. Its registered office is in Merelbeke-Melle. It employs on average 7,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.369.027

Incorporation

03/04/1997

Legal form

Private limited company

Registered office

Oude Heirbaan 31
9090 Merelbeke-Melle · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2024

Average workforce

7,3 ETP

Joint committees (7)

121
124
1240
124,00
2000
200,18
20018

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,4 M €	+58.9%	855,7 k €	-12.5%	977,5 k €	+65.9%	589,2 k €	-8.0%	640,5 k €	-13.7%	742,2 k €	+52.6%	486,5 k €	+7.3%	453,6 k €	+9.1%	415,8 k €	+15.6%	359,7 k €	-22.7%	465,2 k €	+52.1%	305,9 k €	+42.4%	214,8 k €	-9.6%	237,5 k €	+1.7%	233,5 k €	-33.9%	353,1 k €	+19.8%	294,7 k €
EBITDA	902,8 k €	+124%	403,1 k €	-29.8%	574,1 k €	+350%	127,7 k €	-56.6%	293,8 k €	-22.1%	377,3 k €	+210%	121,6 k €	+12.2%	108,4 k €	-13.8%	125,7 k €	+34.9%	93,2 k €	-55.5%	209,3 k €	+51.7%	138 k €	+51.7%	91 k €	-17.2%	109,8 k €	+42.1%	77,3 k €	-56.6%	178,1 k €	-14.4%	208,1 k €
Operating result	740,9 k €	+166%	278,2 k €	-39.1%	457,1 k €	+2036%	21,4 k €	-87.7%	174,6 k €	-35.2%	269,3 k €	+1537%	16,4 k €	-11.9%	18,7 k €	-52.1%	39 k €	+170%	14,5 k €	-90.7%	155,4 k €	+75.0%	88,8 k €	+157%	34,5 k €	+35.2%	25,5 k €	+265%	-15,4 k €	-116%	98,5 k €	-43.9%	175,6 k €
Net result	551,6 k €	+169%	205,1 k €	-41.9%	353 k €	+5601%	6,2 k €	-95.0%	123,7 k €	-22.8%	160,2 k €	+26390%	604,9 €	-62.6%	1,6 k €	-92.0%	20,2 k €	+999%	1,8 k €	-98.0%	90,3 k €	+69.9%	53,2 k €	+253%	15 k €	-21.1%	19,1 k €	+153%	-36,1 k €	-149%	74 k €	-37.4%	118,2 k €
Balance sheet
Equity	1,4 M €	+29.3%	1,1 M €	+18.5%	915,4 k €	+62.5%	563,2 k €	-9.4%	621,8 k €	+24.8%	498,1 k €	+47.4%	337,8 k €	+0.2%	337,2 k €	+0.5%	335,6 k €	+197%	112,9 k €	-66.4%	336,1 k €	+36.8%	245,7 k €	+27.6%	192,6 k €	+8.5%	177,5 k €	+12.0%	158,5 k €	-18.6%	194,6 k €	+61.3%	120,6 k €
Total assets	2,1 M €	+13.7%	1,8 M €	+16.4%	1,6 M €	+31.3%	1,2 M €	-22.4%	1,5 M €	+18.4%	1,3 M €	+56.2%	833,4 k €	-11.4%	940,6 k €	+6.3%	885,2 k €	+4.1%	850,1 k €	-1.7%	864,5 k €	+89.8%	455,5 k €	+40.0%	325,3 k €	-27.3%	447,2 k €	-4.5%	468,4 k €	-14.9%	550,5 k €	+75.7%	313,3 k €
Cash	916,7 k €	+15.6%	792,8 k €	+71.8%	461,4 k €	+15.6%	399,3 k €	-39.7%	661,6 k €	+98.9%	332,7 k €	+104%	163,2 k €	+255%	45,9 k €	-15.8%	54,6 k €	-22.8%	70,7 k €	-62.6%	188,9 k €	+3159%	5,8 k €	-86.2%	42 k €	+298%	10,6 k €	-86.8%	80,1 k €		–		138,6 k €
Debts	672,2 k €	-9.4%	742 k €	+13.6%	653,5 k €	+3.3%	632,3 k €	-31.2%	919,1 k €	+25.2%	733,9 k €	+48.1%	495,6 k €	-17.8%	602,6 k €	+9.7%	549,2 k €	-25.5%	737,1 k €	+41.8%	520 k €	+148%	209,8 k €	+58.0%	132,7 k €	-50.8%	269,7 k €	-13.0%	310 k €	-12.8%	355,4 k €	+84.4%	192,7 k €
Other
Workforce	7,3 ETP	-3.9%	7,6 ETP	-10.6%	8,5 ETP	-15.0%	10,0 ETP	+40.8%	7,1 ETP	+1.4%	7,0 ETP	-1.4%	7,1 ETP	+7.6%	6,6 ETP	+1.5%	6,5 ETP	+16.1%	5,6 ETP	+1.8%	5,5 ETP	+37.5%	4,0 ETP	+5.3%	3,8 ETP	-28.3%	5,3 ETP	-5.4%	5,6 ETP	+14.3%	4,9 ETP	+81.5%	2,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 4 ended

Active mandates

Evelien De Letter

Director · since 01 novembre 2019

Active

Joachim De Letter

Director · since 01 mars 2018

Active

Ended mandates

Joachim De Letter

Manager · since 01 mars 2018

Ended

Marc De Letter

Director · since 25 mars 1997 · until 26 février 2024

Ended

Marc De Letter

Director · since 25 mars 1997

Ended

Marc De Letter

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/07/2025	07/10/2024	04/07/2023	30/06/2022	02/06/2021	24/06/2020
General meeting	16/06/2025	30/09/2024	06/06/2023	30/05/2022	03/05/2021	09/06/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	16/06/2025	03/07/2025	Dutch	PDF
Abridged modelCorrection	31/12/2023	30/09/2024	07/10/2024	Dutch	PDF
Abridged model	31/12/2023	06/05/2024	04/06/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	04/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/05/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	03/05/2021	02/06/2021	Dutch	PDF
Abridged model	31/12/2019	09/06/2020	24/06/2020	Dutch	PDF
Abridged model	31/12/2018	06/05/2019	03/06/2019	Dutch	PDF
Abridged modelCorrection	31/12/2017	30/06/2018	28/08/2018	Dutch	PDF
Abridged model	31/12/2017	28/05/2018	20/06/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	19/07/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	15/06/2015	Dutch	PDF
Abridged model	31/12/2013	31/07/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/07/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	26/07/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	25/07/2011	25/08/2011	Dutch	PDF
Abridged model	31/12/2009	24/09/2010	30/09/2010	Dutch	PDF
Abridged model	31/12/2008	31/07/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	31/07/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	31/07/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2024 · 2 active · 4 ended

Active mandates

Evelien De Letter

Director · since 01 novembre 2019

Active

Joachim De Letter

Director · since 01 mars 2018

Active

Ended mandates

Joachim De Letter

Manager · since 01 mars 2018

Ended

Marc De Letter

Director · since 25 mars 1997 · until 26 février 2024

Ended

Marc De Letter

Director · since 25 mars 1997

Ended

Marc De Letter

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/10/2019
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates20/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/03/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2024
Annual accounts 2024551,6 k €↑
2023
Annual accounts 2023205,1 k €↓
2022
Annual accounts 2022353 k €↑
2021
Annual accounts 20216,2 k €↓
2018
Annual accounts 2018123,7 k €↓
2017
Annual accounts 2017160,2 k €↑
2016
Annual accounts 2016604,9 €↓
2015
Annual accounts 20151,6 k €↓
2014
Annual accounts 201420,2 k €↑
2013
Annual accounts 20131,8 k €↓
2012
Annual accounts 201290,3 k €↑
2011
Annual accounts 201153,2 k €↑
2010
Annual accounts 201015 k €↓
2009
Annual accounts 200919,1 k €↑
2008
Annual accounts 2008-36,1 k €↓
2007
Annual accounts 200774 k €↓
2006
Annual accounts 2006118,2 k €
03/04/1997
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

ARGV

Overview

What does ARGV do?

Trend over 17 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