HARMONY
ActiveSummary
HARMONY has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154,497 and a net result of €19,416. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 32% of 10429 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+11
Solvency46▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 2.22 against 2.2 in 2024; short-term debt: 15.2% and cash: 15.3% of total assets), but 78.9% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : 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+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
Retail trade (NACE 47)
about 45% more 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
21.1%
Return on assets
2.7%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
3 d early
2023
on the day
2022
13 d early
2021
2 d early
2020
5 d early
2019
21 d early
← 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 6 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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, abbreviated schema
In the rankings
#10 employer in Nijlen, Wholesale and retail trade sector
Equity
€154,497▲ 14.4%
2024 · €135,081
Total assets
€731,731▲ 0.8%
2024 · €725,787
Net result
€19,416
2024 · -€4,579
Working capital
€136,322▲ 8.3%
2024 · €125,859
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€167,233▲ 272%€11,359▼ 93.2%€18,832▲ 65.8%€10,429▼ 44.6%€40,348▲ 287%
Net result€117,125▲ 438%-€3,304€2,860-€4,579€19,416
Equity€220,104▲ 102%€136,800▼ 37.8%€139,660▲ 2.1%€135,081▼ 3.3%€154,497▲ 14.4%
Total assets€865,156▲ 26.8%€675,041▼ 22.0%€694,065▲ 2.8%€725,787▲ 4.6%€731,731▲ 0.8%
Debt€645,052▲ 12.5%€538,241▼ 16.6%€554,405▲ 3.0%€590,706▲ 6.5%€577,234▼ 2.3%
Working capital€282,953▲ 307%€132,455▼ 53.2%€155,643▲ 17.5%€125,859▼ 19.1%€136,322▲ 8.3%
Staff (FTE)3.7▲ 27.6%2.5▼ 32.4%3.6▲ 44.0%4▲ 11.1%4.2▲ 5.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 287% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €731,731
Fixed assets
€483,917 ▼ 2.2%
Current assets
€247,814 ▲ 7.3%
Equity and liabilities €731,731
Equity
€154,497 ▲ 14.4%
Debt
€577,234 ▼ 2.3%
Debt's share of the balance-sheet total falls from 81.4% to 78.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€113,739▲
2024 · €77,487
Cash flow
€92,807▲
2024 · €62,479
Current ratio
2.22▲
2024 · 2.20
Quick ratio
1.49▲
2024 · 1.42
Debt to equity
3.74▼
2024 · 4.37
ROE
12.6%▲
2024 · -3.4%
ROA
2.7%▲
2024 · -0.6%
Interest coverage
7.39▲
2024 · 5.15
Debt ≤ 1 year
€111,492▲
2024 · €105,197
Debt > 1 year
€465,742▼
2024 · €485,509
Income taxes
€5,690▲
2024 · €229
Staff costs
€159,301▲
2024 · €136,674
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €142,159 | - | - | - | €10,920 | - |
| Remuneration, social security and pensions62 | €103,605 | €125,632 | €128,629 | €136,674 | €159,301 | ▲ 16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,739 | €62,057 | €64,451 | €67,058 | €73,391 | ▲ 9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,983 | - | - |
| Other operating charges640/8 | €3,350 | €3,374 | €3,610 | €2,678 | €4,710 | ▲ 75.9% |
| Gross operating margin9900 | €324,927 | €202,422 | €215,522 | €218,822 | €277,750 | ▲ 26.9% |
| Operating profit (loss)9901 | €167,233 | €11,359 | €18,832 | €10,429 | €40,348 | ▲ 287% |
| Financial income75/76B | €89 | €16 | €380 | €269 | €142 | ▼ 47.2% |
| Recurring financial income75 | €89 | €16 | €380 | €269 | €142 | ▼ 47.2% |
| Financial charges65/66B | €14,488 | €13,648 | €13,666 | €15,048 | €15,384 | ▲ 2.2% |
| Recurring financial charges65 | €14,488 | €13,648 | €13,666 | €15,048 | €15,384 | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | €152,834 | -€2,273 | €5,546 | -€4,350 | €25,106 | ▲ 677% |
| Income taxes67/77 | €35,709 | €1,031 | €2,686 | €229 | €5,690 | ▲ 2,385% |
| Profit (loss) for the period9904 | €117,125 | -€3,304 | €2,860 | -€4,579 | €19,416 | ▲ 524% |
| Profit (loss) for the period to be appropriated9905 | €117,125 | -€3,304 | €2,860 | -€4,579 | €19,416 | ▲ 524% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €865,156 | €675,041 | €694,065 | €725,787 | €731,731 | ▲ 0.8% |
| Fixed assets21/28 | €493,361 | €470,862 | €440,800 | €494,731 | €483,917 | ▼ 2.2% |
| Tangible fixed assets22/27 | €493,361 | €470,862 | €440,800 | €494,731 | €483,917 | ▼ 2.2% |
| Land and buildings22 | €331,600 | €332,332 | €327,743 | €410,206 | €375,014 | ▼ 8.6% |
| Plant, machinery and equipment23 | €60,616 | €60,250 | €54,457 | €43,499 | €34,708 | ▼ 20.2% |
| Furniture and vehicles24 | €101,145 | €78,280 | €58,600 | €41,026 | €74,195 | ▲ 80.8% |
| Current assets29/58 | €371,795 | €204,179 | €253,265 | €231,056 | €247,814 | ▲ 7.3% |
| Stocks and contracts in progress3 | €67,935 | €92,621 | €70,669 | €81,415 | €82,230 | ▲ 1.0% |
| Stocks30/36 | €67,935 | €92,621 | €70,669 | €81,415 | €82,230 | ▲ 1.0% |
| Amounts receivable within one year40/41 | €260,372 | €19,620 | €22,452 | €18,853 | €51,914 | ▲ 175% |
| Trade receivables40 | €8,561 | €8,996 | €11,980 | €8,909 | €13,295 | ▲ 49.2% |
| Other amounts receivable41 | €251,811 | €10,624 | €10,472 | €9,944 | €38,619 | ▲ 288% |
| Cash at bank and in hand54/58 | €42,102 | €91,900 | €159,852 | €129,234 | €111,621 | ▼ 13.6% |
| Deferred charges and accrued income490/1 | €1,386 | €38 | €292 | €1,554 | €2,049 | ▲ 31.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €865,156 | €675,041 | €694,065 | €725,787 | €731,731 | ▲ 0.8% |
| Equity10/15 | €220,104 | €136,800 | €139,660 | €135,081 | €154,497 | ▲ 14.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €110,860 | €110,860 | €110,860 | €110,860 | €122,000 | ▲ 10.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €109,000 | €109,000 | €110,860 | €110,860 | €122,000 | ▲ 10.0% |
| Profit (loss) carried forward14 | €90,644 | €7,340 | €10,200 | €5,621 | €13,897 | ▲ 147% |
| Amounts payable17/49 | €645,052 | €538,241 | €554,405 | €590,706 | €577,234 | ▼ 2.3% |
| Amounts payable after more than one year17 | €556,210 | €466,517 | €456,783 | €485,509 | €465,742 | ▼ 4.1% |
| Financial debts170/4 | €556,210 | €466,517 | €456,783 | €485,509 | €465,742 | ▼ 4.1% |
| Amounts payable within one year42/48 | €88,842 | €71,724 | €97,622 | €105,197 | €111,492 | ▲ 6.0% |
| Trade debts44 | €39,001 | €29,428 | €54,441 | €29,919 | €51,276 | ▲ 71.4% |
| Suppliers440/4 | €39,001 | €29,428 | €54,441 | €29,919 | €51,276 | ▲ 71.4% |
| Taxes, remuneration and social security45 | €23,690 | €23,442 | €22,551 | €28,452 | €30,678 | ▲ 7.8% |
| Taxes450/3 | €7,368 | €3,243 | €4,857 | €5,184 | €11,285 | ▲ 118% |
| Remuneration and social security454/9 | €16,322 | €20,199 | €17,694 | €23,268 | €19,393 | ▼ 16.7% |
| Other amounts payable47/48 | €26,151 | €18,854 | €20,630 | €46,826 | €29,538 | ▼ 36.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117,125 | -€3,304 | €2,860 | -€4,579 | €19,416 | ▲ 524% |
| + Depreciation and write-downs630 | €50,739 | €62,057 | €64,451 | €67,058 | €73,391 | ▲ 9.4% |
| Operating cash flow (approximation) | €167,864 | €58,753 | €67,311 | €62,479 | €92,807 | ▲ 48.5% |
| Investment in fixed assets (approximation) | - | -€39,558 | -€34,389 | -€120,989 | -€62,577 | ▲ 48.3% |
| Change in cash | - | €49,798 | €67,952 | -€30,618 | -€17,613 | ▲ 42.5% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
31-12
Financial
Back to profitnet €19,416
Net result €19,416 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €154,497 ▲14.4%
Equity rises from €135,081 to €154,497.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€4,579
Net result drops to -€4,579, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €2,860
Net result €2,860 after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €117,125 ▲438%
Operating result €167,233, net result €117,125, both a record.
31-12
Financial
Equity above €200,000Eq €220,104 ▲102%
4 profitable years in a row build equity to €220,104.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
31-12
Financial
Equity above €100,000Eq €108,779 ▲25%
3 profitable years in a row build equity to €108,779.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 1.64
Current ratio from 0.74 to 1.64; short-term debt falls from €122,321 to €76,923.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 6 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
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 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Nijlen · 1 establishment unit since 2003
Ground area
203 m²
Building footprint
191 m²
Volume, LiDAR
835 m³
Parcel 12018D0369/00F002, Flanders · tallest building 10.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HARMONY
since 20032.134.864.783
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12018D0369/00F002 | Flanders | 203 m² | 1 · 191 m² | 10.8 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNijlen2.134.864.783
Similar companies · same sector, comparable size
HUIS WAS - CREEMERS
BE 0436.079.336
Peer · Eq €154,200
NOUVELLE LIBRAIRIE SIRAULTOISE
BE 0451.580.332
Saint-Ghislain · Eq €155,127
BA Group
BE 0752.751.177
Sint-Joost-ten-Node · Eq €153,825
CAJEPHI
BE 0424.251.571
Leuven · Eq €153,723
K.S.H.
BE 0787.784.213
Sint-Katelijne-Waver · Eq €153,661
Of 2,342 companies in sector 47621 we hold annual accounts for 1,244. 1,051 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
Founded04-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
Scores and ratios are computed by Checked and are not a credit decision.