DR.ARMPIT
ActiveSummary
DR.ARMPIT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85,949 and a net result of €60,688. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 59% of 308 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+7
Solvency49▼-14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 7.25 in 2024; short-term debt: 75.3% and cash: 24.8% of total assets), and 76% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 11
Relative position
BE, all sectors
reference
Manufacture of beverages (NACE 11)
about 8% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24%
Return on assets
17%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-02-2026, 5 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
on the day
2023
2 d early
2022
40 d early
2021
24 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 29 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€85,949▼ 10.7%
2024 · €96,262
Total assets
€357,932▲ 41.5%
2024 · €252,944
Net result
€60,688▲ 109%
2024 · €29,026
Working capital
€84,916▼ 60.7%
2024 · €215,806
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 11, Manufacture of beverages, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,400▲ 142%€1,014▼ 81.2%€9,038▲ 791%€38,299▲ 324%€91,560▲ 139%
Net result€5,211within the sector's middle half▲ 131%€972within the sector's middle half▼ 81.3%€8,974above the sector's middle half▲ 823%€29,026above the sector's middle half▲ 223%€60,688above the sector's middle half▲ 109%
Equity€57,289within the sector's middle half▲ 10.0%€58,261within the sector's middle half▲ 1.7%€67,236within the sector's middle half▲ 15.4%€96,262above the sector's middle half▲ 43.2%€85,949above the sector's middle half▼ 10.7%
Total assets€57,361within the sector's middle half▲ 9.9%€58,376within the sector's middle half▲ 1.8%€70,456within the sector's middle half▲ 20.7%€252,944within the sector's middle half▲ 259%€357,932above the sector's middle half▲ 41.5%
Debt€72▼ 34.4%€115▲ 60.6%€3,220▲ 2,704%€156,683▲ 4,766%€271,983▲ 73.6%
Working capital€57,289within the sector's middle half▲ 10.0%€58,261within the sector's middle half▲ 1.7%€69,306above the sector's middle half▲ 19.0%€215,806above the sector's middle half▲ 211%€84,916above the sector's middle half▼ 60.7%
Solvency99.9%above the sector's middle half▲ 0.1pp99.8%above the sector's middle half▼ 0.1pp95.4%above the sector's middle half▼ 4.4pp38.1%within the sector's middle half▼ 57.4pp24.0%within the sector's middle half▼ 14.0pp
Current ratio61.25above the sector's middle half7.25above the sector's middle half▼ 54.001.32within the sector's middle half▼ 5.94
Return on assets (ROA)9.1%above the sector's middle half▲ 4.8pp1.7%within the sector's middle half▼ 7.4pp12.7%above the sector's middle half▲ 11.1pp11.5%above the sector's middle half▼ 1.3pp17.0%above the sector's middle half▲ 5.5pp
above
within
below
the middle half (P25 to P75) of NACE 11, Manufacture of beverages, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 139% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €357,932
Fixed assets
€3,513 ▲ 33.6%
Current assets
€354,419 ▲ 41.6%
Equity and liabilities €357,932
Equity
€85,949 ▼ 10.7%
Debt
€271,983 ▲ 73.6%
Debt's share of the balance-sheet total rises from 61.9% to 76.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€92,422▲
2024 · €38,559
Cash flow
€61,549▲
2024 · €29,286
Debt to equity
3.16▲
2024 · 1.63
ROE
70.6%▲
2024 · 30.2%
Interest coverage
38.83▼
2024 · 148.57
Debt ≤ 1 year
€269,503▲
2024 · €34,508
Income taxes
€28,683▲
2024 · €9,145
Staff costs
€33,981▲
2024 · €29,402
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €29,402 | €33,981 | ▲ 15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €260 | €862 | ▲ 231% |
| Other operating charges640/8 | - | €525 | €685 | €881 | €1,204 | ▲ 36.7% |
| Gross operating margin9900 | €5,922 | €1,539 | €9,724 | €68,841 | €127,607 | ▲ 85.4% |
| Operating profit (loss)9901 | €5,400 | €1,014 | €9,038 | €38,299 | €91,560 | ▲ 139% |
| Financial income75/76B | - | - | - | €132 | €191 | ▲ 44.7% |
| Recurring financial income75 | - | - | - | €132 | €191 | ▲ 44.7% |
| Financial charges65/66B | - | €42 | €64 | €260 | €2,380 | ▲ 817% |
| Recurring financial charges65 | €190 | €42 | €64 | €260 | €2,380 | ▲ 817% |
| Profit (loss) for the period before taxes9903 | €5,211 | €972 | €8,974 | €38,171 | €89,371 | ▲ 134% |
| Income taxes67/77 | - | - | - | €9,145 | €28,683 | ▲ 214% |
| Profit (loss) for the period9904 | €5,211 | €972 | €8,974 | €29,026 | €60,688 | ▲ 109% |
| Profit (loss) for the period to be appropriated9905 | €5,211 | €972 | €8,974 | €29,026 | €60,688 | ▲ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,361 | €58,376 | €70,456 | €252,944 | €357,932 | ▲ 41.5% |
| Fixed assets21/28 | - | - | - | €2,630 | €3,513 | ▲ 33.6% |
| Intangible fixed assets21 | - | - | - | €1,335 | €2,183 | ▲ 63.5% |
| Tangible fixed assets22/27 | - | - | - | €1,295 | €1,330 | ▲ 2.7% |
| Plant, machinery and equipment23 | - | - | - | €1,295 | €795 | ▼ 38.6% |
| Furniture and vehicles24 | - | - | - | - | €535 | - |
| Current assets29/58 | €57,361 | €58,376 | €70,456 | €250,314 | €354,419 | ▲ 41.6% |
| Amounts receivable within one year40/41 | €2,034 | €222 | €271 | €29,190 | €259,656 | ▲ 790% |
| Trade receivables40 | - | - | - | €22,943 | €9,944 | ▼ 56.7% |
| Other amounts receivable41 | - | €222 | €271 | €6,248 | €249,712 | ▲ 3,897% |
| Cash at bank and in hand54/58 | €55,326 | €58,154 | €70,185 | €220,235 | €88,614 | ▼ 59.8% |
| Deferred charges and accrued income490/1 | - | - | - | €889 | €6,149 | ▲ 592% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,361 | €58,376 | €70,456 | €252,944 | €357,932 | ▲ 41.5% |
| Equity10/15 | €57,289 | €58,261 | €67,236 | €96,262 | €85,949 | ▼ 10.7% |
| Contributions10/11 | - | €81,000 | €81,000 | €81,000 | €10,000 | ▼ 87.7% |
| Reserves13 | - | - | - | €15,262 | €75,949 | ▲ 398% |
| Distributable reserves133 | - | - | - | €15,262 | €75,949 | ▲ 398% |
| Profit (loss) carried forward14 | -€23,711 | -€22,739 | -€13,764 | - | - | - |
| Amounts payable17/49 | €72 | €115 | €3,220 | €156,683 | €271,983 | ▲ 73.6% |
| Amounts payable after more than one year17 | - | - | €2,070 | - | - | - |
| Other amounts payable178/9 | - | - | €2,070 | - | - | - |
| Amounts payable within one year42/48 | €72 | €115 | €1,150 | €34,508 | €269,503 | ▲ 681% |
| Trade debts44 | €72 | €115 | €1,146 | €32,038 | €197,750 | ▲ 517% |
| Suppliers440/4 | - | €115 | €1,146 | €32,038 | €197,750 | ▲ 517% |
| Advances received on contracts in progress46 | - | - | - | - | €83 | - |
| Taxes, remuneration and social security45 | - | - | €4 | €2,048 | €243 | ▼ 88.1% |
| Taxes450/3 | - | - | €4 | €1,740 | €243 | ▼ 86.0% |
| Remuneration and social security454/9 | - | - | - | €308 | - | - |
| Other amounts payable47/48 | - | - | - | €423 | €71,427 | ▲ 16,799% |
| Accrued charges and deferred income492/3 | - | - | - | €122,174 | €2,480 | ▼ 98.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,211 | €972 | €8,974 | €29,026 | €60,688 | ▲ 109% |
| + Depreciation and write-downs630 | - | - | - | €260 | €862 | ▲ 231% |
| Operating cash flow (approximation) | €5,211 | €972 | €8,974 | €29,286 | €61,549 | ▲ 110% |
| Investment in fixed assets (approximation) | - | - | - | - | -€1,745 | - |
| Change in cash | - | €2,828 | €12,031 | €150,051 | -€131,622 | ▼ 188% |
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
05-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
30-06
Financial
Highest result since 2019net €60,688 ▲109%
Operating result €91,560, net result €60,688, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
07-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €2,251
Net result €2,251 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 2014
Ground area
48 m²
Building footprint
15 m²
Parcel 44805E0803/00K000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
DR.ARMPIT
since 20142.230.289.920
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44805E0803/00K000 | Flanders | 48 m² | 1 · 15 m² | - |
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.
Similar companies · same sector, comparable size
DRINKDRINK!
BE 0692.876.641
Anderlecht · Eq €85,935
Lambiek Fabriek
BE 0652.840.880
Sint-Pieters-Leeuw · Eq €84,858
KENDEM
BE 0768.711.043
Beveren-Kruibeke-Zwijndrecht · Eq €84,759
Decoster-Driesen
BE 0736.646.308
Halle · Eq €84,649
SWIEKES
BE 0744.644.056
Oud-Turnhout · Eq €84,581
Of 729 companies in sector 11050 we hold annual accounts for 352. 225 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
Founded04-03-2014
Fiscal year end30-06
Activities, NACEBEL 2025
11050Manufacture of beer
72109Other research and development on natural sciences
46349Wholesale of beverages, general range
47252Retail sale of beverages, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0547651706
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.