Equity
-€44,351
Debts exceed assets in financial year 2025.
HIVE LAB
Lifetime
6 annual accounts with figures on one time axispeak €8,445 (2025)
€8,445▲ €24,814
lowest -€29,465 (2025)
-€29,465▼ €11,411
peak €2,071 (2021)
-€44,351▲ €6,935
€76,418▲ 22.7%
Board1 name since 2019
1 directorGarot Julien Michel Ghislain
Documentsfilings and deeds
24-10-202685 days late
2025micro format
Gross margin from -€16,368 to €8,445Loss of €29,465Equity from -€51,285 to -€44,351Debts from €62,265 to €76,418Cash from €2,009 to €12,799
Key points
from the 2025 annual accountsLosses
-€82,821 in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Turnover
≈ €64,000 estimated
The micro format states no turnover.
Debts
€76,418 238% of the balance sheet
Financial debts 0%Suppliers 15%Taxes and wages 3%Other 83%
Filings
6 annual accounts 85 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€29,465
Lower net result than 93% of companies in printing. Sector median €5,740 · 1,125 companies.
Checked score
49
Fair
Financially stronger than 36% of micro companies in printing (NACE 18)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 1,614 companies (NACE 18, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.7%
01-2025: 3.7%● unchanged vs 12-2024
02-2025: 3.7%● unchanged vs 01-2025
03-2025: 3.7%● unchanged vs 02-2025
04-2025: 4.0%▲ +0.3 percentage points vs 03-2025
05-2025: 4.3%▲ +0.3 percentage points vs 04-2025
06-2025: 4.3%● unchanged vs 05-2025
07-2025: 4.5%▲ +0.2 percentage points vs 06-2025
08-2025: 5.3%▲ +0.8 percentage points vs 07-2025highest value
09-2025: 3.1%▼ -2.2 percentage points vs 08-2025
10-2025: 3.1%● unchanged vs 09-2025
11-2025: 3.1%● unchanged vs 10-2025
12-2025: 3.1%● unchanged vs 11-2025
01-2026: 3.5%▲ +0.4 percentage points vs 12-2025
02-2026: 3.5%● unchanged vs 01-2026
03-2026: 3.5%● unchanged vs 02-2026
04-2026: 3.6%▲ +0.1 percentage points vs 03-2026
05-2026: 3.8%▲ +0.2 percentage points vs 04-2026
06-2026: 3.7%▼ -0.1 percentage points vs 05-2026
07-2026: 2.1%▼ -1.6 percentage points vs 06-2026lowest value
08-2026: 2.8%▲ +0.7 percentage points vs 07-2026
09-2026: 3.1%▲ +0.3 percentage points vs 08-2026
10-2026: 3.3%▲ +0.2 percentage points vs 09-2026
11-2026: 3.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 85 days late; 2 of the last 3 accounts late
Negative equity -€44,351
Loss of €29,465, the second in a row (financial year 2025)
lowers risk
Size: total assets €32,067
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 18, micro). It does better than 6% of them on solvency, 39% on liquidity, 31% on profitability and 69% 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 moderate class on 30-06-2025, 2.4% 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, 6,008 companies had the same profile as HIVE LAB has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HIVE LAB itself: 3.3% 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 6,008 companies, not a prediction for HIVE LAB. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.38 (0.11 in 2024), below 1. Short-term debt is 238.3% and cash 39.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€44,351
raises risk · 2025 accounts filed 85 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-10-2026, 85 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 · 6 filingsDeviation from the deadline
2025
85 days late
2024
4 days late
2023
31 days late
2022
31 days late
2021
396 days late
2020
177 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 121 days after the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% 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 1 September (4 of the last 5 accounts filed within 53 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 0208:0727911457
New establishment in Charleroi
Rue d'Edimbourg 34
Registered office moved from Charlero to Fleurus
New registered office: 26 Chemin de Saint Amand à 6220 FLEURUS · Previous registered office: RUE DE LA SCIENCE 4 à 6000 CHARLERO1 bt 3.2. · Gazette deed
Incorporation
Founding capital of €36,400, 364 shares · Founder: Garot Julien Michel Ghislain · Appointment: Garot Julien Michel Ghislain (director) · published on 13-06-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HIVE LAB Fleurus | €32,067 | €8,445 | -138.3% | - |
| DELTA TEAM Charleroi | €36,569 | €11,318 | 15.4% | - |
| DIMACO GROUP Lubbeek | €29,949 | €8,722 | -258.5% | - |
| GRAFINFO Ath | €38,661 | €5,417 | 94.6% | - |
| Camiel Bouge Antwerp | €37,128 | €5,856 | 60.9% | - |
| De Geperste Kop Holsbeek | €26,671 | €15,085 | 95.1% | - |
| HOOFDWERK Mortsel | €56,411 | €8,325 | 94.8% | - |
These companies have the same main activity as HIVE LAB: pre-press and pre-media services (NACE 18130). They are comparable in size and age: total assets between €26,700 and €56,400, founded between 2017 and 2021.
Official details
Source: KBO- Status
- Active since 11-06-2019Normal situation
- Activity
- Pre-press and pre-media servicesNACE 18130and 4 others
- Establishment units
- 2.290.102.9896220 Fleurus, since 11-06-2019
- 2.383.208.6386040 Charleroi, since 01-01-2026
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2026
Insights on HIVE LAB
HIVE LAB files the micro format. That format states no turnover. The gross margin rose from €2,372 in 2020 to €8,445 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 HIVE LAB
- What is the company number of HIVE LAB?
- The company number of HIVE LAB is 0727.911.457. The VAT number is the same number with BE in front: BE 0727.911.457.
- Where is HIVE LAB based?
- The registered office is at Chemin de Saint-Amand 26, 6220 Fleurus.Company details
- What does HIVE LAB do?
- According to the KBO register, the main activity is pre-press and pre-media services (NACE 18130).
- What is the legal form of HIVE LAB?
- HIVE LAB is a private limited company (BV).
- When was HIVE LAB founded?
- HIVE LAB was founded on 11-06-2019.
- Is HIVE LAB still active?
- Yes, HIVE LAB is an active enterprise in the KBO register.
- What is the turnover of HIVE LAB?
- The turnover in financial year 2025 is ≈ €64,000. This figure is estimated from the gross margin of €8,445 and 6,299 comparable companies of the same size. It probably lies between €30,000 and €150,000. It is a rough estimate.Financials
- Is HIVE LAB profitable?
- In financial year 2025, HIVE LAB made a loss of €29,465.
- Where can I find the annual accounts of HIVE LAB?
- HIVE LAB filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HIVE LAB due?
- HIVE LAB must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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