Investments
€5,826 2.1 × depreciation
Green is investment, beige is depreciation.
ARMLAB
Lifetime
17 annual accounts with figures on one time axispeak €57,043 (2022)
€8,735▼ 46.1%
lowest -€13,381 (2025)
-€13,381▼ €21,457
peak €128,384 (2024)
€115,003▼ 10.4%
€51,933▲ 4.7%
peak 0.5 FTE (2010)
-not published
Board1 name since 2008
1 directorHERMANS Wouter
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from €16,206 to €8,735Loss of €13,381Investments €5,826Cash from €8,114 to €5,091
Key points
from the 2025 annual accountsFilings
17 annual accounts since 2009
Nine of the last ten came late. The 2023 accounts came latest: 127 days after the end of the period.
Position in the sector
-€13,381
Lower net result than 91% of companies in computer programming and consultancy. Sector median €28,568 · 21,214 companies.
Checked score
82
Excellent
Financially stronger than 31% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.3%▲ +0.1 percentage points vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €13,381 (financial year 2025)
Last filed accounts filed 25 days late; 1 of the last 3 accounts late
Liquidity: current ratio 3.84, cash €5,091
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 62% of them on solvency, 20% on liquidity, 12% on profitability and 30% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as ARMLAB has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARMLAB itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for ARMLAB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.84 (3.49 in 2024), above the usual 1.5. Short-term debt is 24.8% and cash 3% of total assets. 31.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
25 days late
2024
6 days early
2023
127 days late
2022
30 days late
2021
29 days late
2020
91 days late
2019
18 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 45 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0899277201
Change of role: HERMANS Wouter, from manager to director
Director discharge: HERMANS Wouter · Gazette deed
Incorporation
published on 25-07-2008 · Gazette deed
First establishment
Sint-Hubertusstraat 67, Bilzen-Hoeselt
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as ARMLAB: computer programming (NACE 62100). They are comparable in size and age: total assets between €132,000 and €219,000, founded between 2003 and 2011.
Official details
Source: KBO- Status
- Active since 10-07-2008Normal situation
- Activity
- Computer programmingNACE 62100and 4 others
- Establishment unit
- 2.172.051.4173730 Bilzen-Hoeselt, since 10-07-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on ARMLAB
ARMLAB files the micro format. That format states no turnover. The gross margin fell from €44,950 in 2009 to €8,735 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARMLAB
- What is the company number of ARMLAB?
- The company number of ARMLAB is 0899.277.201. The VAT number is the same number with BE in front: BE 0899.277.201.
- Where is ARMLAB based?
- The registered office is at Sint-Hubertusstraat 67, 3730 Bilzen-Hoeselt.Company details
- What does ARMLAB do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of ARMLAB?
- ARMLAB is a private limited company (BV).
- When was ARMLAB founded?
- ARMLAB was founded on 10-07-2008.
- Is ARMLAB still active?
- Yes, ARMLAB is an active enterprise in the KBO register.
- What is the turnover of ARMLAB?
- The turnover in financial year 2025 is ≈ €47,000. This figure is estimated from the gross margin of €8,735 and 53 comparable companies (NACE 62100). It probably lies between €25,000 and €91,000. It is a rough estimate.Financials
- Is ARMLAB profitable?
- In financial year 2025, ARMLAB made a loss of €13,381.
- Where can I find the annual accounts of ARMLAB?
- ARMLAB filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARMLAB due?
- ARMLAB must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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