ARMLAB
ActiveSummary
ARMLAB has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €115k and a net result of €-13k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 60% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-45
Solvency94▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 3.84 against 3.49 in 2024; short-term debt: 24.8% and cash: 3% of total assets), and 31.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
6 d early
2023
127 d late
2022
30 d late
2021
29 d late
2020
91 d late
2019
18 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€115k▼ 10.4%
2024 · €128k
2018: €53klowest in 8 years
2019: €54k▲ +2.7% vs 2018
2020: €55k▲ +1.1% vs 2019
2021: €84k▲ +52.9% vs 2020
2022: €105k▲ +24.6% vs 2021
2023: €120k▲ +14.7% vs 2022
2024: €128k▲ +6.7% vs 2023highest in 8 years
2025: €115k▼ -10.4% vs 2024
2018 → 2025
Total assets
€167k▼ 6.2%
2024 · €178k
2018: €93k
2019: €147k▲ +58.3% vs 2018
2020: €86k▼ -41.9% vs 2019lowest in 8 years
2021: €117k▲ +37.1% vs 2020
2022: €134k▲ +14.0% vs 2021
2023: €171k▲ +27.4% vs 2022
2024: €178k▲ +4.3% vs 2023highest in 8 years
2025: €167k▼ -6.2% vs 2024
2018 → 2025
Net result
€-13k
2024 · €8k
2018: €15k
2019: €1k▼ -90.5% vs 2018
2020: €621▼ -56.7% vs 2019
2021: €29k▲ +4593% vs 2020highest in 8 years
2022: €21k▼ -29.0% vs 2021
2023: €15k▼ -25.7% vs 2022
2024: €8k▼ -47.5% vs 2023
2025: €-13k▼ -266% vs 2024lowest in 8 years
2018 → 2025
Working capital
€118k▼ 4.7%
2024 · €123k
2018: €48k
2019: €27k▼ -42.5% vs 2018lowest in 8 years
2020: €52k▲ +88.6% vs 2019
2021: €74k▲ +43.4% vs 2020
2022: €80k▲ +8.1% vs 2021
2023: €109k▲ +36.2% vs 2022
2024: €123k▲ +13.3% vs 2023highest in 8 years
2025: €118k▼ -4.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€84k-€105k▲ 24.6%€120k▲ 14.7%€128k▲ 6.7%€115k▼ 10.4%
2021: €84klowest in 5 years
2022: €105k▲ +24.6% vs 2021
2023: €120k▲ +14.7% vs 2022
2024: €128k▲ +6.7% vs 2023highest in 5 years
2025: €115k▼ -10.4% vs 2024
Operating result€37k-€25k▼ 33.2%€20k▼ 20.3%€9k▼ 52.1%€-10k
2021: €37khighest in 5 years
2022: €25k▼ -33.2% vs 2021
2023: €20k▼ -20.3% vs 2022
2024: €9k▼ -52.1% vs 2023
2025: €-10k▼ -210% vs 2024lowest in 5 years
Net result€29k-€21k▼ 29.0%€15k▼ 25.7%€8k▼ 47.5%€-13k
2021: €29khighest in 5 years
2022: €21k▼ -29.0% vs 2021
2023: €15k▼ -25.7% vs 2022
2024: €8k▼ -47.5% vs 2023
2025: €-13k▼ -266% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10k after €9k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €167k
Fixed assets
€8k ▲ 60.9%
Current assets
€159k ▼ 8.1%
Equity and liabilities €167k
Equity
€115k ▼ 10.4%
Debt
€52k ▲ 4.7%
Debt's share of the balance-sheet total rises from 27.9% to 31.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-8k▼
2024 · €16k
Cash flow
€-11k▼
2024 · €14k
Current ratio
3.84▲
2024 · 3.49
Debt to equity
0.45▲
2024 · 0.39
ROE
-11.6%▼
2024 · 6.3%
ROA
-8.0%▼
2024 · 4.5%
Interest coverage
-1.07▼
2024 · 3.60
Debt ≤ 1 year
€41k▼
2024 · €50k
Debt > 1 year
€11k
Income taxes
€3k▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€178k€167k▼
Fixed assets21/28€5k€8k▲
Tangible fixed assets22/27€5k€8k▲
Plant, machinery and equipment23€321€0▼
Furniture and vehicles24€5k€8k▲
Current assets29/58€173k€159k▼
Amounts receivable within one year40/41€163k€152k▼
Trade receivables40€18k€29k▲
Other amounts receivable41€145k€123k▼
Cash at bank and in hand54/58€8k€5k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€178k€167k▼
Equity10/15€128k€115k▼
Contributions10/11€20k€20k=
Reserves13€108k€95k▼
Tax-exempt reserves132€11k€11k=
Distributable reserves133€96k€83k▼
Amounts payable17/49€50k€52k▲
Amounts payable after more than one year17-€11k
Financial debts170/4-€11k
Amounts payable within one year42/48€50k€41k▼
Current portion of amounts payable after more than one year42-€15k
Trade debts44€12k€9k▼
Suppliers440/4€12k€9k▼
Taxes, remuneration and social security45€37k€18k▼
Taxes450/3€37k€18k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€3k▼
Other operating charges640/8€295€16k▲
Gross operating margin9900€16k€9k▼
Operating profit (loss)9901€9k€-10k▼
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Financial charges65/66B€4k€7k▲
Recurring financial charges65€4k€7k▲
Profit (loss) for the period before taxes9903€12k€-11k▼
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€8k€-13k▼
Profit (loss) for the period to be appropriated9905€8k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€-13k▼
Transfer from equity791/2-€13k
Transfer to equity691/2€8k€0▼
To other reserves6921€8k€0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €32k | €16k | €6k | €3k | ▼ 56.3% |
| Other operating charges640/8 | €715 | €605 | €565 | €295 | €16k | ▲ 5,448% |
| Non-recurring operating charges66A | €205 | - | - | - | - | - |
| Gross operating margin9900 | €40k | €57k | €36k | €16k | €9k | ▼ 46.1% |
| Operating profit (loss)9901 | €37k | €25k | €20k | €9k | €-10k | ▼ 210% |
| Financial income75/76B | €2k | €3k | €4k | €6k | €7k | ▲ 6.9% |
| Recurring financial income75 | €2k | €3k | €4k | €6k | €7k | ▲ 6.9% |
| Financial charges65/66B | €2k | €729 | €3k | €4k | €7k | ▲ 61.3% |
| Recurring financial charges65 | €2k | €729 | €3k | €4k | €7k | ▲ 61.3% |
| Profit (loss) for the period before taxes9903 | €37k | €27k | €20k | €12k | €-11k | ▼ 192% |
| Income taxes67/77 | €8k | €6k | €5k | €3k | €3k | ▼ 21.2% |
| Profit (loss) for the period9904 | €29k | €21k | €15k | €8k | €-13k | ▼ 266% |
| Profit (loss) for the period to be appropriated9905 | €29k | €21k | €15k | €8k | €-13k | ▼ 266% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117k | €134k | €171k | €178k | €167k | ▼ 6.2% |
| Fixed assets21/28 | €12k | €25k | €11k | €5k | €8k | ▲ 60.9% |
| Tangible fixed assets22/27 | €12k | €25k | €11k | €5k | €8k | ▲ 60.9% |
| Land and buildings22 | €1k | €838 | €335 | - | - | - |
| Plant, machinery and equipment23 | €429 | €2k | €816 | €321 | €0 | ▼ 100% |
| Furniture and vehicles24 | €10k | €23k | €10k | €5k | €8k | ▲ 72.1% |
| Current assets29/58 | €106k | €109k | €159k | €173k | €159k | ▼ 8.1% |
| Amounts receivable within one year40/41 | €52k | €72k | €123k | €163k | €152k | ▼ 6.7% |
| Trade receivables40 | €14k | €11k | €33k | €18k | €29k | ▲ 61.4% |
| Other amounts receivable41 | €38k | €61k | €90k | €145k | €123k | ▼ 15.0% |
| Cash at bank and in hand54/58 | €52k | €36k | €8k | €8k | €5k | ▼ 37.3% |
| Deferred charges and accrued income490/1 | €2k | €662 | €28k | €2k | €2k | ▼ 3.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117k | €134k | €171k | €178k | €167k | ▼ 6.2% |
| Equity10/15 | €84k | €105k | €120k | €128k | €115k | ▼ 10.4% |
| Contributions10/11 | €19k | €19k | €19k | €20k | €20k | = |
| Reserves13 | €66k | €86k | €102k | €108k | €95k | ▼ 12.4% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | €11k | €11k | €11k | €11k | €11k | = |
| Distributable reserves133 | €52k | €73k | €88k | €96k | €83k | ▼ 13.9% |
| Amounts payable17/49 | €33k | €29k | €50k | €50k | €52k | ▲ 4.7% |
| Amounts payable after more than one year17 | €1k | - | - | - | €11k | - |
| Financial debts170/4 | €1k | - | - | - | €11k | - |
| Amounts payable within one year42/48 | €32k | €29k | €50k | €50k | €41k | ▼ 16.6% |
| Current portion of amounts payable after more than one year42 | €7k | €1k | - | - | €15k | - |
| Financial debts43 | €554 | €3k | €912 | - | - | - |
| Credit institutions430/8 | €554 | €3k | €912 | - | - | - |
| Trade debts44 | €71 | €2k | €18k | €12k | €9k | ▼ 28.4% |
| Suppliers440/4 | €71 | €2k | €18k | €12k | €9k | ▼ 28.4% |
| Taxes, remuneration and social security45 | €24k | €23k | €32k | €37k | €18k | ▼ 52.3% |
| Taxes450/3 | €24k | €23k | €32k | €37k | €18k | ▼ 52.3% |
| Accrued charges and deferred income492/3 | €455 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €21k | €15k | €8k | €-13k | ▼ 266% |
| + Depreciation and write-downs630 | €2k | €32k | €16k | €6k | €3k | ▼ 56.3% |
| Operating cash flow (approximation) | €31k | €52k | €31k | €14k | €-11k | ▼ 173% |
| Investment in fixed assets (approximation) | - | €-45k | €-2k | €0 | €-6k | - |
| Change in cash | - | €-15k | €-28k | €-151 | €-3k | ▼ 1,898% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 127 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €100kEq €105k ▲24.6%
5 profitable years in a row build equity to €105k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €29k ▲4,593%
Operating result €37k, net result €29k, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 91 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.69
Current ratio from 1.29 to 2.69; short-term debt falls from €93k to €31k.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bilzen-Hoeselt · 1 establishment unit since 2008
Ground area
983 m²
Building footprint
184 m²
Volume, LiDAR
869 m³
Parcel 73077A0311/00L000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Armlab
since 20082.172.051.417
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73077A0311/00L000 | Flanders | 983 m² | 1 · 184 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 6,943 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
Scores and ratios are computed by Checked and are not a credit decision.