HARMONY MANAGEMENT
ActiveSummary
HARMONY MANAGEMENT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €213,831 and a net result of €19,347. Equity is growing by ~50% per year across the filed fiscal years. Its solvency ranks better than 31% of 4610 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▼-20
Solvency52▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.29 in 2023; short-term debt: 20.2% and cash: 18.6% of total assets), and 72.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
12 d early
2022
28 d late
2021
16 d early
2020
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19,347▼ 83.0%
2023 · €113,583
Working capital
€62,377▼ 2.9%
2023 · €64,229
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
Line20202021202220232024
Operating result€58,913-€59,778▲ 1.5%€1,368▼ 97.7%€156,791▲ 11,358%€36,265▼ 76.9%
Net result€40,711-€43,412▲ 6.6%-€5,222€113,583€19,347▼ 83.0%
Equity€42,711-€86,123▲ 102%€80,901▼ 6.1%€194,484▲ 140%€213,831▲ 9.9%
Total assets€81,765-€159,748▲ 95.4%€742,252▲ 365%€865,325▲ 16.6%€789,366▼ 8.8%
Debt€39,054-€73,625▲ 88.5%€661,351▲ 798%€670,841▲ 1.4%€575,534▼ 14.2%
Working capital€42,711-€86,123▲ 102%-€11,472€64,229€62,377▼ 2.9%
Staff (FTE)11=1=
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 77% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €789,366
Fixed assets
€567,369 ▼ 1.8%
Current assets
€221,996 ▼ 22.8%
Equity and liabilities €789,366
Equity
€213,831 ▲ 9.9%
Debt
€575,534 ▼ 14.2%
Debt's share of the balance-sheet total falls from 77.5% to 72.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58,871▼
2023 · €176,857
Cash flow
€41,953▼
2023 · €133,650
Current ratio
1.39▲
2023 · 1.29
Debt to equity
2.69▼
2023 · 3.45
ROE
9.0%▼
2023 · 58.4%
ROA
2.5%▼
2023 · 13.1%
Interest coverage
5.16▼
2023 · 14.85
Debt ≤ 1 year
€159,619▼
2023 · €223,485
Debt > 1 year
€415,915▼
2023 · €447,356
Income taxes
€5,506▼
2023 · €31,295
Staff costs
€45,151▲
2023 · €41,535
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,270 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,270 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €38,735 | €41,535 | €45,151 | ▲ 8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €74,531 | €20,066 | €22,606 | ▲ 12.7% |
| Other operating charges640/8 | - | - | €2,774 | €3,987 | €4,136 | ▲ 3.7% |
| Gross operating margin9900 | €58,913 | €59,778 | €117,409 | €222,379 | €108,158 | ▼ 51.4% |
| Operating profit (loss)9901 | €58,913 | €59,778 | €1,368 | €156,791 | €36,265 | ▼ 76.9% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | - | €141 | €9,070 | €11,912 | €11,412 | ▼ 4.2% |
| Recurring financial charges65 | €7 | €141 | €9,070 | €11,912 | €11,412 | ▼ 4.2% |
| Profit (loss) for the period before taxes9903 | €58,906 | €59,637 | -€7,702 | €144,879 | €24,853 | ▼ 82.8% |
| Income taxes67/77 | €18,195 | €16,225 | -€2,479 | €31,295 | €5,506 | ▼ 82.4% |
| Profit (loss) for the period9904 | €40,711 | €43,412 | -€5,222 | €113,583 | €19,347 | ▼ 83.0% |
| Profit (loss) for the period to be appropriated9905 | €40,711 | €43,412 | -€5,222 | €113,583 | €19,347 | ▼ 83.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81,765 | €159,748 | €742,252 | €865,325 | €789,366 | ▼ 8.8% |
| Fixed assets21/28 | - | - | €570,486 | €577,611 | €567,369 | ▼ 1.8% |
| Intangible fixed assets21 | - | - | - | €3,272 | €2,454 | ▼ 25.0% |
| Tangible fixed assets22/27 | - | - | €570,486 | €574,339 | €564,915 | ▼ 1.6% |
| Land and buildings22 | - | - | €514,562 | €502,689 | €490,815 | ▼ 2.4% |
| Plant, machinery and equipment23 | - | - | €47,411 | €69,297 | €72,642 | ▲ 4.8% |
| Furniture and vehicles24 | - | - | - | €2,354 | €1,459 | ▼ 38.0% |
| Assets under construction and advance payments27 | - | - | €8,513 | - | - | - |
| Current assets29/58 | €81,765 | €159,748 | €171,766 | €287,714 | €221,996 | ▼ 22.8% |
| Amounts receivable within one year40/41 | €73,560 | €121,300 | €75,320 | €247,600 | €71,769 | ▼ 71.0% |
| Trade receivables40 | - | €121,000 | €75,020 | €157,300 | €26,975 | ▼ 82.9% |
| Other amounts receivable41 | - | €300 | €300 | €90,300 | €44,794 | ▼ 50.4% |
| Cash at bank and in hand54/58 | €8,205 | €38,448 | €94,938 | €29,015 | €146,822 | ▲ 406% |
| Deferred charges and accrued income490/1 | - | - | €1,508 | €11,100 | €3,406 | ▼ 69.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81,765 | €159,748 | €742,252 | €865,325 | €789,366 | ▼ 8.8% |
| Equity10/15 | €42,711 | €86,123 | €80,901 | €194,484 | €213,831 | ▲ 9.9% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Outside capital11 | - | €2,000 | - | - | - | - |
| Other1109/19 | - | €2,000 | - | - | - | - |
| Reserves13 | €200 | €200 | €200 | €200 | €200 | = |
| Non-distributable reserves130/1 | - | €200 | €200 | €200 | €200 | = |
| Other1319 | - | €200 | €200 | €200 | €200 | = |
| Profit (loss) carried forward14 | €40,511 | €83,923 | €78,701 | €192,284 | €211,631 | ▲ 10.1% |
| Amounts payable17/49 | €39,054 | €73,625 | €661,351 | €670,841 | €575,534 | ▼ 14.2% |
| Amounts payable after more than one year17 | - | - | €478,113 | €447,356 | €415,915 | ▼ 7.0% |
| Financial debts170/4 | - | - | €478,113 | €447,356 | €415,915 | ▼ 7.0% |
| Amounts payable within one year42/48 | €39,054 | €73,625 | €183,237 | €223,485 | €159,619 | ▼ 28.6% |
| Current portion of amounts payable after more than one year42 | - | - | €30,089 | €30,757 | €31,441 | ▲ 2.2% |
| Trade debts44 | €17,890 | €20,913 | €7,957 | €5,938 | €2,605 | ▼ 56.1% |
| Suppliers440/4 | - | €20,913 | €7,957 | €5,938 | €2,605 | ▼ 56.1% |
| Taxes, remuneration and social security45 | - | €48,659 | €20,933 | €61,322 | €42,908 | ▼ 30.0% |
| Taxes450/3 | - | €48,659 | €13,300 | €54,169 | €37,851 | ▼ 30.1% |
| Remuneration and social security454/9 | - | - | €7,633 | €7,153 | €5,058 | ▼ 29.3% |
| Other amounts payable47/48 | - | €4,053 | €124,259 | €125,467 | €82,665 | ▼ 34.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,711 | €43,412 | -€5,222 | €113,583 | €19,347 | ▼ 83.0% |
| + Depreciation and write-downs630 | - | - | €74,531 | €20,066 | €22,606 | ▲ 12.7% |
| Operating cash flow (approximation) | €40,711 | €43,412 | €69,309 | €133,650 | €41,953 | ▼ 68.6% |
| Investment in fixed assets (approximation) | - | - | - | -€27,191 | -€12,365 | ▲ 54.5% |
| Change in cash | - | €30,243 | €56,490 | -€65,923 | €117,807 | ▲ 279% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €200,000Eq €213,831 ▲9.9%
2 profitable years in a row build equity to €213,831.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €113,583
Net result €113,583 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €194,484 ▲140%
Equity rises from €80,901 to €194,484.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet -€5,222
Net result drops to -€5,222, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Rixensart · 1 establishment unit since 2019
Ground area
1,173 m²
Building footprint
125 m²
Volume, LiDAR
869 m³
Parcel 25091A0020/00Y000, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
HARMONY MANAGEMENT
since 20192.294.024.957
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091A0020/00Y000 | Wallonia | 1,173 m² | 1 · 125 m² | 9.2 m · 2 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 39,578 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
Founded04-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0733706614
Registered
06-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.