HARMAN
ActiveHARMAN has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €5k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 77% of 18039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▼-13
Solvency91▲+14
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.92 against 2.02 in 2024; short-term debt: 33.7% and cash: 38.3% of total assets), and 33.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
66.3%
Return on assets
7.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
4 d early
2023
1 d early
2022
43 d early
2021
41 d early
2020
46 d early
2019
7 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€523k
EBIT margin
3.4%
Net result
€5k▲ 95.6%
2024 · €2k
2019: €8k
2020: €-2k
2021: €3k
2022: €6k
2023: €1k
2024: €2k
2019 → 2025
Working capital
€41k▲ 16.4%
2024 · €35k
2019: €21k
2020: €23k
2021: €25k
2022: €31k
2023: €31k
2024: €35k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€33k▲ 20.4%€34k▲ 3.3%€37k▲ 6.8%€41k▲ 12.5%
Operating result€8k-€11k▲ 32.0%€2k▼ 82.0%€4k▲ 93.2%€9k▲ 142%
Net result€3k-€6k▲ 77.0%€1k▼ 80.3%€2k▲ 111%€5k▲ 95.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 142% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62k
Fixed assets
€870▼ 56.0%
Current assets
€62k▼ 10.7%
Equity and liabilities €62k
Equity
€41k▲ 12.5%
Debt
€21k▼ 38.2%
The debt ratio falls from 48.1% to 33.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▲
2024 · €5k
Cash flow
€6k▲
2024 · €3k
Solvency
66.3%▲
2024 · 51.9%
Current ratio
2.92▲
2024 · 2.02
Quick ratio
1.45▲
2024 · 0.26
Debt / equity
0.51▼
2024 · 0.93
ROE
11.1%▲
2024 · 6.4%
ROA
7.4%▲
2024 · 3.3%
Interest coverage
3.89▼
2024 · 15.32
Debt
€21k▼
2024 · €34k
Debt ≤ 1 year
€21k▼
2024 · €34k
Income taxes
€2k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€71k€62k▼
Fixed assets21/28€2k€870▼
Tangible fixed assets22/27€2k€870▼
Plant, machinery and equipment23€426€213▼
Furniture and vehicles24€2k€658▼
Current assets29/58€69k€62k▼
Stocks and contracts in progress3€60k€31k▼
Stocks30/36€60k€31k▼
Amounts receivable within one year40/41€2k€7k▲
Other amounts receivable41€2k€7k▲
Cash at bank and in hand54/58€7k€24k▲
Equity and liabilities
Total equity and liabilities10/49€71k€62k▼
Equity10/15€37k€41k▲
Contributions10/11€6k€6k=
Reserves13€31k€35k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€29k€34k▲
Amounts payable17/49€34k€21k▼
Amounts payable within one year42/48€34k€21k▼
Trade debts44€33k€18k▼
Suppliers440/4€33k€18k▼
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€4k€6k▲
Gross operating margin9900€9k€16k▲
Operating profit (loss)9901€4k€9k▲
Financial income75/76B€4€0▼
Recurring financial income75€4€0▼
Financial charges65/66B€319€3k▲
Recurring financial charges65€319€3k▲
Profit (loss) for the period before taxes9903€3k€7k▲
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€2k€5k▲
Profit (loss) for the period to be appropriated9905€2k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€5k▲
Transfer to equity691/2€2k€5k▲
To other reserves6921€2k€5k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Mandate compensation5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Mandate compensation5 facts ▸
- General meeting, 14/07/2026
- Director appointment, Singh Gurvinder (niet-statutaire bestuurder)
- Mandate compensation, Singh Gurvinder
- Director appointment, Singh Gurvinder (persoon belast met dagelijks bestuur)
- Board meeting, 14/07/2026
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €-2k ▼123%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 7 days late
2019
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 40 days late
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 121 days late
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 230 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Singh Gurvinder
CurrentNon-statutory director · since 15-07-2026
15-07-2026
Singh Gurvinder: Appointed as Non-statutory director
15-07-2026
Singh Gurvinder: Appointed as Persoon belast met dagelijks bestuur
02-10-2018
Singh Gurpreet: Resigned as Manager
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Geraardsbergsestraat 1899300 AalstGround area
1,537 m²
Building footprint
134 m²
Volume, LiDAR
960 m³
Parcel 41002B0334/00F000, Flanders · tallest building 26.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HARMAN
since 20122.213.683.025
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002B0334/00F000 | Flanders | 1,537 m² | 1 · 134 m² | 26.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAalst2.213.683.025
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WADDI MIANI
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Yasa Retail
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OSTTA
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EKAM SOHAL
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Of 10,529 companies in sector 47110 we hold annual accounts for 5,858. 4,581 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-09-2012
Fiscal year end30-06
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:slovedeep28@gmail.com
Phone:0486 81 56 13