ARMONEA
ActiveSummary
ARMONEA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€12.3m) and a net result of -€51.3m. Equity is shrinking by ~51.5% per year across the filed fiscal years. Its solvency ranks better than 12% of 534 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
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Signals
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 27 days before the deadline, and 24% of the sector filed late.
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Financials · fiscal year 2025, full schema
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| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €192.9m | €221.1m | €241.8m | €265.4m | €265.2m | ▼ 0.1% |
| Turnover70 | €161.1m | €185.3m | €204.0m | €220.6m | €225.9m | ▲ 2.4% |
| Own construction capitalised72 | €223,706 | €588,330 | €896,263 | €432,941 | €378,737 | ▼ 12.5% |
| Other operating income74 | €30.9m | €34.6m | €35.6m | €41.9m | €38.8m | ▼ 7.4% |
| Non-recurring operating income76A | €659,794 | €699,966 | €1.4m | €2.4m | €164,580 | ▼ 93.2% |
| Operating charges60/66A | €207.4m | €217.3m | €253.5m | €281.7m | €286.3m | ▲ 1.6% |
| Goods for resale, raw materials and consumables60 | €6.1m | €7.3m | €8.3m | €9.9m | €10.7m | ▲ 8.0% |
| Purchases600/8 | €6.2m | €7.4m | €8.3m | €10.1m | €10.6m | ▲ 4.9% |
| Change in stocks: decrease (increase)609 | -€129,153 | -€92,506 | €43,376 | -€176,358 | €120,526 | ▲ 168% |
| Services and other goods61 | €78.3m | €76.0m | €95.8m | €109.9m | €114.9m | ▲ 4.5% |
| Remuneration, social security and pensions62 | €115.5m | €126.3m | €140.8m | €152.3m | €153.1m | ▲ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6.1m | €6.0m | €6.3m | €6.9m | €6.7m | ▼ 3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€18,328 | €34,144 | €70,142 | €3,346 | €114,002 | ▲ 3,307% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €111,964 | -€84,489 | ▼ 175% |
| Other operating charges640/8 | €687,454 | €737,245 | €713,567 | €853,215 | €637,126 | ▼ 25.3% |
| Non-recurring operating charges66A | €827,927 | €812,744 | €1.4m | €1.8m | €333,651 | ▼ 80.9% |
| Operating profit (loss)9901 | -€14.5m | €3.8m | -€11.7m | -€16.3m | -€21.1m | ▼ 29.4% |
| Financial income75/76B | €405,092 | €1.8m | €1.9m | €2.5m | €2.4m | ▼ 3.0% |
| Recurring financial income75 | €202,336 | €485,176 | €778,395 | €1.1m | €1.0m | ▼ 7.4% |
| Income from current assets751 | €167,516 | €484,938 | €772,397 | €1.1m | €1.0m | ▼ 5.8% |
| Other financial income752/9 | €34,820 | €239 | €5,998 | €19,830 | €351 | ▼ 98.2% |
| Non-recurring financial income76B | €202,756 | €1.4m | €1.1m | €1.3m | €1.3m | ▲ 0.8% |
| Financial charges65/66B | €9.8m | €7.1m | €12.8m | €26.0m | €32.5m | ▲ 25.0% |
| Recurring financial charges65 | €6.7m | €7.1m | €12.8m | €15.1m | €8.3m | ▼ 45.3% |
| Debt charges650 | €5.5m | €6.3m | €11.9m | €14.1m | €6.9m | ▼ 51.1% |
| Other financial charges652/9 | €1.3m | €837,054 | €920,885 | €1.0m | €1.4m | ▲ 34.8% |
| Non-recurring financial charges66B | €3.0m | - | - | €10.8m | €24.2m | ▲ 123% |
| Profit (loss) for the period before taxes9903 | -€23.9m | -€1.4m | -€22.6m | -€39.9m | -€51.2m | ▼ 28.5% |
| Income taxes67/77 | €21,979 | €22,414 | €79,455 | €19,428 | €57,713 | ▲ 197% |
| Taxes670/3 | €21,979 | €22,414 | €79,455 | €19,428 | €57,713 | ▲ 197% |
| Profit (loss) for the period9904 | -€23.9m | -€1.5m | -€22.7m | -€39.9m | -€51.3m | ▼ 28.6% |
| Profit (loss) for the period to be appropriated9905 | -€23.9m | -€1.5m | -€22.7m | -€39.9m | -€51.3m | ▼ 28.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €257.3m | €225.1m | €227.0m | €218.1m | €215.5m | ▼ 1.2% |
| Formation expenses20 | €3.0m | €2.8m | €2.6m | €2.8m | €2.5m | ▼ 9.5% |
| Fixed assets21/28 | €214.0m | €175.0m | €181.8m | €171.5m | €144.0m | ▼ 16.0% |
| Intangible fixed assets21 | €4.4m | €5.3m | €7.7m | €6.9m | €6.3m | ▼ 9.4% |
| Tangible fixed assets22/27 | €16.4m | €16.1m | €17.6m | €17.4m | €17.9m | ▲ 3.3% |
| Plant, machinery and equipment23 | €11.0m | €11.7m | €13.0m | €12.7m | €13.8m | ▲ 8.8% |
| Furniture and vehicles24 | €1.1m | €900,054 | €999,015 | €1.2m | €1.1m | ▼ 6.7% |
| Leasing and similar rights25 | - | - | - | - | €1.2m | - |
| Other tangible fixed assets26 | €3.3m | €2.6m | €2.3m | €1.8m | €1.7m | ▼ 10.0% |
| Assets under construction and advance payments27 | €917,924 | €816,681 | €1.3m | €1.6m | €153,000 | ▼ 90.6% |
| Financial fixed assets28 | €193.2m | €153.7m | €156.5m | €147.2m | €119.8m | ▼ 18.6% |
| Affiliated companies280/1 | €193.2m | €153.7m | €156.5m | €147.2m | €119.5m | ▼ 18.8% |
| Participating interests280 | €147.2m | €147.2m | €146.0m | €135.2m | €111.0m | ▼ 17.9% |
| Amounts receivable281 | €46.0m | €6.5m | €10.5m | €12.0m | €8.5m | ▼ 29.2% |
| Other financial fixed assets284/8 | €6,576 | €6,747 | €8,715 | €8,700 | €315,319 | ▲ 3,524% |
| Shares284 | - | - | €2,400 | €2,400 | €2,400 | = |
| Amounts receivable and cash guarantees285/8 | €6,576 | €6,747 | €6,315 | €6,300 | €312,919 | ▲ 4,867% |
| Current assets29/58 | €40.3m | €47.3m | €42.6m | €43.9m | €69.0m | ▲ 57.1% |
| Stocks and contracts in progress3 | €665,549 | €758,055 | €714,679 | €891,037 | €770,511 | ▼ 13.5% |
| Stocks30/36 | €665,549 | €758,055 | €714,679 | €891,037 | €770,511 | ▼ 13.5% |
| Goods purchased for resale34 | €665,549 | €758,055 | €714,679 | €891,037 | €770,511 | ▼ 13.5% |
| Amounts receivable within one year40/41 | €29.6m | €31.8m | €32.0m | €32.6m | €32.8m | ▲ 0.7% |
| Trade receivables40 | €20.8m | €24.0m | €23.3m | €23.0m | €24.2m | ▲ 5.4% |
| Other amounts receivable41 | €8.8m | €7.9m | €8.7m | €9.6m | €8.6m | ▼ 10.5% |
| Cash at bank and in hand54/58 | €5.0m | €11.6m | €4.6m | €4.4m | €29.0m | ▲ 557% |
| Deferred charges and accrued income490/1 | €5.1m | €3.2m | €5.2m | €6.0m | €6.4m | ▲ 6.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €257.3m | €225.1m | €227.0m | €218.1m | €215.5m | ▼ 1.2% |
| Equity10/15 | -€1.9m | -€3.4m | -€21.0m | €39.0m | -€12.3m | ▼ 131% |
| Contributions10/11 | €68.2m | €68.2m | €73.2m | €119.0m | €119.0m | = |
| Capital10 | €68.2m | €68.2m | €73.2m | €43.9m | €43.9m | = |
| Issued capital100 | €68.2m | €68.2m | €73.2m | €43.9m | €43.9m | = |
| Outside capital11 | - | - | - | €75.1m | €75.1m | = |
| Share premium1100/10 | - | - | - | €75.1m | €75.1m | = |
| Reserves13 | €14,049 | €14,049 | €14,049 | €14,049 | €14,049 | = |
| Tax-exempt reserves132 | €14,049 | €14,049 | €14,049 | €14,049 | €14,049 | = |
| Profit (loss) carried forward14 | -€70.1m | -€71.6m | -€94.3m | -€80.0m | -€131.3m | ▼ 64.1% |
| Provisions and deferred taxes16 | €14,104 | €14,104 | €14,104 | €126,068 | €41,579 | ▼ 67.0% |
| Provisions for liabilities and charges160/5 | €14,104 | €14,104 | €14,104 | €126,068 | €41,579 | ▼ 67.0% |
| Other liabilities and charges164/5 | €14,104 | €14,104 | €14,104 | €126,068 | €41,579 | ▼ 67.0% |
| Amounts payable17/49 | €259.1m | €228.4m | €248.0m | €179.0m | €227.7m | ▲ 27.2% |
| Amounts payable after more than one year17 | €171.0m | €144.5m | €142.4m | €74.5m | €125.8m | ▲ 68.7% |
| Financial debts170/4 | €171.0m | €144.5m | €142.4m | €74.2m | €125.2m | ▲ 68.6% |
| Leasing and similar obligations172 | - | - | - | - | €1.0m | - |
| Credit institutions173 | - | - | €352,346 | €245,067 | €134,154 | ▼ 45.3% |
| Other loans174 | €171.0m | €144.5m | €142.0m | €74.0m | €124.0m | ▲ 67.6% |
| Other amounts payable178/9 | - | - | - | €300,000 | €600,000 | ▲ 100% |
| Amounts payable within one year42/48 | €80.7m | €76.1m | €97.4m | €95.1m | €92.5m | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | - | - | €103,725 | €107,279 | €299,155 | ▲ 179% |
| Financial debts43 | €8.3m | €4.3m | €24.0m | €20.6m | €15.6m | ▼ 24.6% |
| Credit institutions430/8 | €8.3m | €4.1m | €8.4m | €4.2m | €324,670 | ▼ 92.4% |
| Other loans439 | - | €188,116 | €15.5m | €16.4m | €15.2m | ▼ 7.0% |
| Trade debts44 | €43.5m | €28.6m | €30.5m | €33.2m | €34.8m | ▲ 4.9% |
| Suppliers440/4 | €43.5m | €28.6m | €30.5m | €33.2m | €34.8m | ▲ 4.9% |
| Taxes, remuneration and social security45 | €21.8m | €32.5m | €35.4m | €33.6m | €35.9m | ▲ 6.9% |
| Taxes450/3 | €1.7m | €5.6m | €5.9m | €4.2m | €6.5m | ▲ 54.1% |
| Remuneration and social security454/9 | €20.1m | €26.9m | €29.5m | €29.4m | €29.4m | ▲ 0.1% |
| Other amounts payable47/48 | €7.1m | €10.7m | €7.4m | €7.5m | €5.8m | ▼ 22.3% |
| Accrued charges and deferred income492/3 | €7.4m | €7.8m | €8.3m | €9.3m | €9.5m | ▲ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23.9m | -€1.5m | -€22.7m | -€39.9m | -€51.3m | ▼ 28.6% |
| + Depreciation and write-downs630 | €6.1m | €6.0m | €6.3m | €6.9m | €6.7m | ▼ 3.3% |
| Operating cash flow (approximation) | -€17.9m | €4.6m | -€16.4m | -€33.0m | -€44.6m | ▼ 35.3% |
| Investment in fixed assets (approximation) | - | €32.9m | -€13.1m | €3.5m | €20.8m | ▲ 501% |
| Change in cash | - | €6.6m | -€6.9m | -€218,459 | €24.6m | ▲ 11,360% |
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
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About the unread acts
We know of 60 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
35 establishment units
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35 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13482F1086/00B000 | Flanders | 2.4 ha | 1 · 7,477 m² | - |
| 13029D0359/00X000 | Flanders | 2.1 ha | 1 · 3,679 m² | - |
| 24105C0213/00V000 | Flanders | 1.8 ha | 1 · 5,658 m² | 9.5 m · 2 fl. |
| 21002A0254/00C000 | Brussels | 1.7 ha | 1 · 2,176 m² | 31.6 m · 8 fl. |
| 24094B1022/00E000 | Flanders | 1.4 ha | 1 · 3,477 m² | 8.4 m · 2 fl. |
| 12403D0073/00F002 | Flanders | 1.3 ha | 1 · 2,248 m² | 22.7 m · 6 fl. |
| 23071C1001/00A000 | Flanders | 1.1 ha | 1 · 4,267 m² | 23.0 m |
| 35022A0226/00E000 | Flanders | 1.1 ha | 1 · 3,790 m² | 25.4 m · 2 fl. |
| 13052A0205/00G000 | Flanders | 1.0 ha | 1 · 3,543 m² | 12.8 m |
| 24093B0421/00L000 | Flanders | 9,102 m² | 1 · 1,435 m² | 13.3 m · 3 fl. |
| 13008H1279/00M000 | Flanders | 8,770 m² | 1 · 2,838 m² | 11.6 m · 3 fl. |
| 44064A0712/00E002 | Flanders | 8,631 m² | 1 · 2,042 m² | 13.8 m · 4 fl. |
| 42025G0255/00X000 | Flanders | 8,000 m² | 1 · 2,220 m² | 11.0 m · 3 fl. |
| 38014F0693/00N004 | Flanders | 7,350 m² | 1 · 2,403 m² | 37.9 m · 1 fl. |
| 13342B1322/00N007 | Flanders | 7,262 m² | 1 · 2,298 m² | 11.8 m · 3 fl. |
| 13434F1772/00E000 | Flanders | 6,920 m² | 1 · 63 m² | 4.3 m · 1 fl. |
| 11035C0292/00Z000 | Flanders | 6,692 m² | 1 · 2,713 m² | - |
| 11052C0025/00N002 | Flanders | 6,010 m² | 1 · 2,107 m² | 18.0 m · 3 fl. |
| 11362M0590/00W003 | Flanders | 5,840 m² | 1 · 1,205 m² | 17.9 m · 3 fl. |
| 11813N0204/00H023 | Flanders | 5,577 m² | 1 · 1,736 m² | 3.5 m |
| 42010C1267/00M000 | Flanders | 5,303 m² | 1 · 2,349 m² | 26.3 m · 2 fl. |
| 11383B0705/00P003 | Flanders | 5,029 m² | 1 · 1,452 m² | 13.4 m · 4 fl. |
| 13004C0177/00D000 | Flanders | 4,730 m² | 1 · 14 m² | 2.5 m · 1 fl. |
| 72022B0591/00C002 | Flanders | 4,535 m² | 1 · 2,045 m² | 31.4 m |
| 21818E0168/00X000 | Brussels | 4,061 m² | 1 · 2,350 m² | 18.2 m · 5 fl. |
| 71326F0230/00W000 | Flanders | 3,944 m² | 1 · 1,375 m² | 16.6 m · 5 fl. |
| 24123A0443/00X009 | Flanders | 3,658 m² | 1 · 1,463 m² | 5.7 m |
| 13037H0315/00N000 | Flanders | 3,418 m² | 1 · 1,557 m² | 12.1 m · 3 fl. |
| 21819D0100/00Z003 | Brussels | 3,303 m² | 1 · 771 m² | 18.8 m · 5 fl. |
| 13011E0212/00W000 | Flanders | 3,107 m² | 1 · 102 m² | 11.3 m · 3 fl. |
| 13023I0378/00P000 | Flanders | 2,675 m² | 1 · 1,099 m² | 11.8 m · 3 fl. |
| 71326F0239/00V000 | Flanders | 1,940 m² | 1 · 572 m² | 11.8 m · 3 fl. |
| 11808H1120/00A005 | Flanders | 1,759 m² | 1 · 733 m² | 21.4 m · 7 fl. |
| 23602H0697/00A002 | Flanders | 996 m² | 1 · 226 m² | 13.5 m · 3 fl. |
| 11323F0147/00A004indicative | Flanders | 361 m² | 1 · 74 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
Ownership & control
1 parent company · 1 subsidiary · 2 board mandatesPublic money · subsidies and aid
Flemish government
2022 to 2025 · 27 entries · 103,736,339 EUR awarded · 103,417,739 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 5 | 96,488,615 EUR | 96,488,615 EUR |
| 2024 | 8 | 980,743 EUR | 1,494,571 EUR |
| 2023 | 8 | 3,518,925 EUR | 2,686,497 EUR |
| 2022 | 6 | 2,748,056 EUR | 2,748,056 EUR |
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81 services · 58 liveShow 77 more services
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