Harmony Venture
ActiveSummary
The computed 12-month bankruptcy probability of Harmony Venture is 2.5% (moderate). The 2024 annual accounts show equity of €925k and a net result of €677k. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+27
Solvency100▲+66
Growth78
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 3.98 against 0.09 in 2023; short-term debt: 25.1% and cash: 0.6% of total assets), and 25.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
74.9%
Return on assets
54.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€925k▲ 272%
2023 · €249k
2023: €249k
2024: €925k▲ +272% vs 2023
2023 → 2024
Total assets
€1.24M▼ 53.8%
2023 · €2.68M
2023: €2.68M
2024: €1.24M▼ -53.8% vs 2023
2023 → 2024
Net result
€677k▲ 78.7%
2023 · €379k
2023: €379k
2024: €677k▲ +78.7% vs 2023
2023 → 2024
Working capital
€925k
2023 · €-1.27M
2023: €-1.27M
2024: €925k▲ +173% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€249k-€925k▲ 272%
2023: €249k
2024: €925k▲ +272% vs 2023
Operating result€-4k-€-2k▲ 54.8%
2023: €-4k
2024: €-2k▲ +54.8% vs 2023
Net result€379k-€677k▲ 78.7%
2023: €379k
2024: €677k▲ +78.7% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2024 against €4k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €1.24M
Equity
€925k ▲ 272%
Debt
€311k ▼ 87.2%
Debt's share of the balance-sheet total falls from 90.7% to 25.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.98▲
2023 · 0.09
Debt to equity
0.34▼
2023 · 9.76
ROE
73.1%▼
2023 · 152.3%
ROA
54.7%▲
2023 · 14.1%
Debt ≤ 1 year
€311k▼
2023 · €1.39M
Debt > 1 year
€0▼
2023 · €1.03M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.68M€1.24M▼
Fixed assets21/28€2.55M€0▼
Financial fixed assets28€2.55M€0▼
Current assets29/58€127k€1.24M▲
Amounts receivable after more than one year29-€1.16M
Other amounts receivable291-€1.16M
Amounts receivable within one year40/41-€51k
Trade receivables40-€662
Other amounts receivable41-€50k
Cash at bank and in hand54/58€127k€7k▼
Deferred charges and accrued income490/1-€18k
Equity and liabilities
Total equity and liabilities10/49€2.68M€1.24M▼
Equity10/15€249k€925k▲
Contributions10/11€10k€10k=
Reserves13€239k€915k▲
Distributable reserves133€239k€915k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€2.43M€311k▼
Amounts payable after more than one year17€1.03M€0▼
Financial debts170/4€1.03M€0▼
Amounts payable within one year42/48€1.39M€311k▼
Current portion of amounts payable after more than one year42€204k€0▼
Trade debts44-€662
Suppliers440/4-€662
Other amounts payable47/48€1.19M€310k▼
Income statement
Code20232024
Other operating charges640/8€782€449▼
Gross operating margin9900€-3k€-1k▲
Operating profit (loss)9901€-4k€-2k▲
Financial income75/76B€440k€718k▲
Recurring financial income75€440k€18k▼
Non-recurring financial income76B-€700k
Financial charges65/66B€57k€40k▼
Recurring financial charges65€57k€40k▼
Profit (loss) for the period before taxes9903€379k€677k▲
Profit (loss) for the period9904€379k€677k▲
Profit (loss) for the period to be appropriated9905€379k€677k▲
Appropriation of the result
Profit (loss) to be appropriated9906€379k€677k▲
Transfer to equity691/2€239k€677k▲
To the legal reserve6920€239k€0▼
To other reserves6921-€677k
Profit to be distributed694/7€140k€0▼
Return on contributions (dividend)694€140k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Other operating charges640/8 | €782 | €449 | ▼ 42.5% |
| Gross operating margin9900 | €-3k | €-1k | ▲ 57.8% |
| Operating profit (loss)9901 | €-4k | €-2k | ▲ 54.8% |
| Financial income75/76B | €440k | €718k | ▲ 63.3% |
| Recurring financial income75 | €440k | €18k | ▼ 95.8% |
| Non-recurring financial income76B | - | €700k | - |
| Financial charges65/66B | €57k | €40k | ▼ 30.2% |
| Recurring financial charges65 | €57k | €40k | ▼ 30.2% |
| Profit (loss) for the period before taxes9903 | €379k | €677k | ▲ 78.7% |
| Profit (loss) for the period9904 | €379k | €677k | ▲ 78.7% |
| Profit (loss) for the period to be appropriated9905 | €379k | €677k | ▲ 78.7% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2.68M | €1.24M | ▼ 53.8% |
| Fixed assets21/28 | €2.55M | €0 | ▼ 100% |
| Financial fixed assets28 | €2.55M | €0 | ▼ 100% |
| Current assets29/58 | €127k | €1.24M | ▲ 877% |
| Amounts receivable after more than one year29 | - | €1.16M | - |
| Other amounts receivable291 | - | €1.16M | - |
| Amounts receivable within one year40/41 | - | €51k | - |
| Trade receivables40 | - | €662 | - |
| Other amounts receivable41 | - | €50k | - |
| Cash at bank and in hand54/58 | €127k | €7k | ▼ 94.6% |
| Deferred charges and accrued income490/1 | - | €18k | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2.68M | €1.24M | ▼ 53.8% |
| Equity10/15 | €249k | €925k | ▲ 272% |
| Contributions10/11 | €10k | €10k | = |
| Reserves13 | €239k | €915k | ▲ 283% |
| Distributable reserves133 | €239k | €915k | ▲ 283% |
| Profit (loss) carried forward14 | €0 | €0 | - |
| Amounts payable17/49 | €2.43M | €311k | ▼ 87.2% |
| Amounts payable after more than one year17 | €1.03M | €0 | ▼ 100% |
| Financial debts170/4 | €1.03M | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €1.39M | €311k | ▼ 77.7% |
| Current portion of amounts payable after more than one year42 | €204k | €0 | ▼ 100% |
| Trade debts44 | - | €662 | - |
| Suppliers440/4 | - | €662 | - |
| Other amounts payable47/48 | €1.19M | €310k | ▼ 73.9% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €379k | €677k | ▲ 78.7% |
| Operating cash flow (approximation) | €379k | €677k | ▲ 78.7% |
| Investment in fixed assets (approximation) | - | €2.55M | - |
| Change in cash | - | €-120k | - |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Liquidity times 44current ratio 3.98
Current ratio from 0.09 to 3.98; short-term debt falls from €1.39M to €311k.
31-12
Financial
Equity above €500kEq €925k ▲272%
2 profitable years in a row build equity to €925k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hasselt
Ground area
1,770 m²
Building footprint
934 m²
Volume, LiDAR
3,623 m³
Parcel 71022H1480/00A000, Flanders · tallest building 13.9 m, ±1 floor. Linked by address, not a title deed.
18
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1480/00A000 | Flanders | 1,770 m² | 1 · 934 m² | 13.9 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded20-04-2022
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.