ACTIVE

ARGEX

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Financial year 2025 · Closed on 30/09/2025

Net result1,3 M €+152,2 %over 1 year

Revenue17 M €-7,9 %over 1 year

Equity2,2 M €+135,6 %over 1 year

Workforce58,5 ETP-19,8 %over 1 year

Identity

Source · BCE/KBO

ARGEX is a Public limited company incorporated in 1997. Its main activity is: Operation of gravel and sand pits; mining of clays and kaolin. Its registered office is in Beveren-Kruibeke-Zwijndrecht. It employs on average 58,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0461.525.208
Incorporation: 25/09/1997
Legal form: Public limited company
Registered office: Krijgsbaan 372
2070 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map
Contributed capital: 7 100 000,00 €
Latest accounts: 30/09/2025
Average workforce: 58,5 ETP

Activities (NACE)

08123Operation of gravel and sand pits; mining of clays and kaolin· main 08123Operation of gravel and sand pits; mining of clays and kaolin 14220Manufacture of articles of fur 23990Manufacture of other non-metallic mineral products n.e.c.23990Manufacture of other non-metallic mineral products n.e.c.

Joint committees (4)

100
10000
20000
218

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 12 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	17 M €	-7.9%	18,4 M €	+0.2%	18,4 M €	+4.1%	17,6 M €	+18.2%	14,9 M €
EBITDA	2,7 M €	+517%	-645,6 k €	-26.1%	-512 k €	-136%	1,4 M €	-13.4%	1,6 M €
Operating result	1,4 M €	+169%	-2,1 M €	-23.7%	-1,7 M €	-1740%	103,7 k €	-82.6%	597,1 k €
Net result	1,3 M €	+152%	-2,5 M €	-24.6%	-2 M €	-327934%	604,5 €	-99.8%	391,3 k €
Balance sheet
Equity	2,2 M €	+136%	950,6 k €	-50.5%	1,9 M €	-50.8%	3,9 M €	-0.9%	3,9 M €
Total assets	18,3 M €	+0.4%	18,2 M €	-9.4%	20,1 M €	-13.2%	23,1 M €	+4.9%	22,1 M €
Cash	357 k €	+11.5%	320 k €	-22.3%	411,6 k €	-47.3%	780,6 k €	-65.4%	2,3 M €
Debts	15,7 M €	-8.7%	17,2 M €	-5.1%	18,2 M €	-5.5%	19,2 M €	+6.3%	18,1 M €
Other
Workforce	58,5 ETP	-19.8%	72,9 ETP	-10.4%	81,4 ETP	+4.1%	78,2 ETP	+3.6%	75,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

4 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
D2D INVEST0887.748.057Represented by Kurt Vernimmen	Managing director03/04/2008 → 31/03/2029
H2O Invest0722.545.377Represented by Kristiaan Van Den Houte	Director28/03/2019 → 31/03/2029
MAJO INVEST0819.610.210Represented by Joris Van de Water	Director28/03/2019 → 31/03/2029
STRUCTOMASSS0824.968.370Represented by Tom T'Joens	Director28/03/2019 → 31/03/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexia Senelle	Director01/02/2017 → 2019 accounts
IMMOSTRO NV0421.124.114Represented by Kris Blijweert	Chairman of the board of directors25/03/2014 → 2015 accounts
RAPTOR0459.803.655Represented by Marc Senelle	Director25/03/2014 → 28/03/2019

Other companies at this address

Krijgsbaan 372 2070 Beveren-Kruibeke-Zwijndrecht

Company	CBE no.
4 PROJECTS● Active	0878.613.726
ADEQUATE SPECIAL SOIL TREATMENT● Active	0881.353.579
BREMCON● Active	0459.343.302
Cross ID● Active	0684.810.102
H2O Invest● Active	0722.545.377
HYE N.V.● Active	0404.646.287
Jupstel Invest● Active	1003.562.889
MAATSCHAP HYE NV - HERBOSCH-KIERE NV● Active	0728.682.509
MKMK events● Active	0542.678.277
Polderscross● Active	0640.944.821
Rapencross● Active	0644.611.817
STERHOEK● Active	0461.532.136
Sterhoek Deposit Solutions● Active	0735.575.645
TM Hye-Aelterman - Fietsbrug Godsheide● Active	0739.607.479
TM Hye - Aertssen● Active	0768.260.883
TM Hye-Demako-Oil-DeRoeck● Active	0767.593.068
TM Hye-Equans - Binnendijle Mechelen. Bouw fiets- en voetgangersrug Keerdok● Active	1034.458.379
TM Hye-Fabricom (droogdok)● Active	0784.664.870
TM Hye - Franki Construct● Active	0735.590.887
TM Hye - Hens● Active	0791.322.634

Full financial information

Source · NBB

	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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/04/2026	03/04/2025	12/04/2024	21/04/2023	21/04/2022	20/04/2021
General meeting	27/03/2026	28/03/2025	29/03/2024	31/03/2023	25/03/2022	26/03/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	27/03/2026	22/04/2026	Dutch	PDF
Full model	30/09/2024	28/03/2025	03/04/2025	Dutch	PDF
Full model	30/09/2023	29/03/2024	12/04/2024	Dutch	PDF
Full model	30/09/2022	31/03/2023	21/04/2023	Dutch	PDF
Full model	30/09/2021	25/03/2022	21/04/2022	Dutch	PDF
Full model	30/09/2020	26/03/2021	20/04/2021	Dutch	PDF
Full model	30/09/2019	27/03/2020	22/04/2020	Dutch	PDF
Full model	30/09/2018	29/03/2019	26/04/2019	Dutch	PDF
Full model	30/09/2017	27/03/2018	29/03/2018	Dutch	PDF
Full model	30/09/2016	31/03/2017	12/04/2017	Dutch	PDF
Full model	30/09/2015	25/03/2016	29/03/2016	Dutch	PDF
Full model	30/09/2014	27/03/2015	31/03/2015	Dutch	PDF
Full model	30/09/2013	25/03/2014	22/04/2014	Dutch	PDF
Full model	30/09/2012	29/03/2013	25/04/2013	Dutch	PDF
Full model	30/09/2011	30/03/2012	11/04/2012	Dutch	PDF
Full model	30/09/2010	25/03/2011	30/03/2011	Dutch	PDF
Full model	30/09/2009	25/03/2010	30/03/2010	Dutch	PDF
Full model	30/09/2008	25/03/2009	31/03/2009	Dutch	PDF
Full model	31/12/2006	20/06/2007	04/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 30/09/2025

4 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
D2D INVEST0887.748.057Represented by Kurt Vernimmen	Managing director03/04/2008 → 31/03/2029
H2O Invest0722.545.377Represented by Kristiaan Van Den Houte	Director28/03/2019 → 31/03/2029
MAJO INVEST0819.610.210Represented by Joris Van de Water	Director28/03/2019 → 31/03/2029
STRUCTOMASSS0824.968.370Represented by Tom T'Joens	Director28/03/2019 → 31/03/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexia Senelle	Director01/02/2017 → 2019 accounts
IMMOSTRO NV0421.124.114Represented by Kris Blijweert	Chairman of the board of directors25/03/2014 → 2015 accounts
RAPTOR0459.803.655Represented by Marc Senelle	Director25/03/2014 → 28/03/2019

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates06/06/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/06/2016
KAPITAAL - AANDELEN
PDF
Mandates11/05/2016
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings12 filings

Mandates

H2O Invest

MAJO INVEST

STRUCTOMASSS

D2D INVEST

Alexia Senelle

IMMOSTRO NV

RAPTOR

RSM INTERAUDIT

CONDOR CONSTRUCT

HYE N.V.

KURT VERNIMMEN

199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

ARGEX

Krijgsbaan 372, 2070 ZwijndrechtKruibeeksesteenweg 162, 2070 Zwijndrecht

Director

Managing director

Director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Krijgsbaan 372, 2070 ZwijndrechtCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00085485
Kruibeeksesteenweg 162, 2070 Zwijndrecht	accounts 2021 → 2023	Accounts 2023 · 2024-00062806

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ARGEXCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00085485

Events

2025
Annual accounts 20251,3 M €↑
2024
Annual accounts 2024-2,5 M €↓
2023
Annual accounts 2023-2 M €↓
2022
Annual accounts 2022604,5 €↓
2021
Annual accounts 2021391,3 k €↑
2018
Annual accounts 2018-500,5 k €↓
2017
Annual accounts 2017-76 k €↑
2015
Annual accounts 2015-1,3 M €↓
2011
Annual accounts 2011-144,9 k €↓
2010
Annual accounts 20102,1 M €↑
2009
Annual accounts 2009845,9 k €↓
2008
Annual accounts 20081,7 M €
25/09/1997
IncorporationPublic limited company

ARGEX

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events