HARNAP
ActiveSummary
HARNAP has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €314k and a net result of €141k. Equity is growing by ~29.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability91▲+10
Solvency65▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 1.98 against 1.2 in 2023; short-term debt: 17.9% and cash: 8.2% of total assets), but 60.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
61 d late
2022
29 d late
2021
84 d late
2020
89 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€314k▲ 71.5%
2023 · €183k
2018: €29klowest in 7 years
2019: €46k▲ +61.6% vs 2018
2020: €95k▲ +106% vs 2019
2021: €114k▲ +20.5% vs 2020
2022: €128k▲ +12.4% vs 2021
2023: €183k▲ +42.4% vs 2022
2024: €314k▲ +71.5% vs 2023highest in 7 years
2018 → 2024
Total assets
€793k▲ 18.0%
2023 · €672k
2018: €675k
2019: €671k▼ -0.5% vs 2018
2020: €677k▲ +0.8% vs 2019
2021: €666k▼ -1.6% vs 2020
2022: €636k▼ -4.5% vs 2021lowest in 7 years
2023: €672k▲ +5.6% vs 2022
2024: €793k▲ +18.0% vs 2023highest in 7 years
2018 → 2024
Net result
€141k▲ 119%
2023 · €64k
2018: €25k
2019: €28k▲ +10.6% vs 2018
2020: €59k▲ +113% vs 2019
2021: €29k▼ -49.9% vs 2020
2022: €24k▼ -17.9% vs 2021lowest in 7 years
2023: €64k▲ +167% vs 2022
2024: €141k▲ +119% vs 2023highest in 7 years
2018 → 2024
Working capital
€140k▲ 502%
2023 · €23k
2018: €-46klowest in 7 years
2019: €-40k▲ +12.6% vs 2018
2020: €-19k▲ +53.7% vs 2019
2021: €-12k▲ +33.6% vs 2020
2022: €-9k▲ +24.1% vs 2021
2023: €23k▲ +347% vs 2022
2024: €140k▲ +502% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€95k-€114k▲ 20.5%€128k▲ 12.4%€183k▲ 42.4%€314k▲ 71.5%
2020: €95klowest in 5 years
2021: €114k▲ +20.5% vs 2020
2022: €128k▲ +12.4% vs 2021
2023: €183k▲ +42.4% vs 2022
2024: €314k▲ +71.5% vs 2023highest in 5 years
Operating result€96k-€50k▼ 48.0%€43k▼ 13.4%€102k▲ 136%€212k▲ 109%
2020: €96k
2021: €50k▼ -48.0% vs 2020
2022: €43k▼ -13.4% vs 2021lowest in 5 years
2023: €102k▲ +136% vs 2022
2024: €212k▲ +109% vs 2023highest in 5 years
Net result€59k-€29k▼ 49.9%€24k▼ 17.9%€64k▲ 167%€141k▲ 119%
2020: €59k
2021: €29k▼ -49.9% vs 2020
2022: €24k▼ -17.9% vs 2021lowest in 5 years
2023: €64k▲ +167% vs 2022
2024: €141k▲ +119% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 109% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €793k
Fixed assets
€511k ▼ 3.6%
Current assets
€282k ▲ 98.9%
Equity and liabilities €793k
Equity
€314k ▲ 71.5%
Debt
€480k ▼ 2.0%
Debt's share of the balance-sheet total falls from 72.8% to 60.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€231k▲
2023 · €125k
Cash flow
€160k▲
2023 · €88k
Current ratio
1.98▲
2023 · 1.20
Debt to equity
1.53▼
2023 · 2.68
ROE
44.9%▲
2023 · 35.2%
ROA
17.8%▲
2023 · 9.6%
Interest coverage
26.87▲
2023 · 12.38
Debt ≤ 1 year
€142k▲
2023 · €119k
Debt > 1 year
€337k▼
2023 · €371k
Income taxes
€67k▲
2023 · €30k
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 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€672k€793k▲
Fixed assets21/28€530k€511k▼
Tangible fixed assets22/27€530k€511k▼
Land and buildings22€529k€510k▼
Other tangible fixed assets26€1k€897▼
Current assets29/58€142k€282k▲
Amounts receivable after more than one year29-€90k
Other amounts receivable291-€90k
Amounts receivable within one year40/41€106k€126k▲
Trade receivables40€46k€39k▼
Other amounts receivable41€60k€87k▲
Cash at bank and in hand54/58€35k€65k▲
Deferred charges and accrued income490/1€806€855▲
Equity and liabilities
Total equity and liabilities10/49€672k€793k▲
Equity10/15€183k€314k▲
Contributions10/11€6k€6k=
Reserves13€66k€207k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€64k€207k▲
Profit (loss) carried forward14€110k€100k▼
Amounts payable17/49€489k€480k▼
Amounts payable after more than one year17€371k€337k▼
Financial debts170/4€367k€334k▼
Other amounts payable178/9€3k€3k=
Amounts payable within one year42/48€119k€142k▲
Current portion of amounts payable after more than one year42€36k€34k▼
Trade debts44€9k€8k▼
Suppliers440/4€9k€8k▼
Advances received on contracts in progress46€4k-
Taxes, remuneration and social security45€59k€91k▲
Taxes450/3€59k€91k▲
Other amounts payable47/48€10k€10k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€19k▼
Other operating charges640/8€5k€2k▼
Gross operating margin9900€130k€233k▲
Operating profit (loss)9901€102k€212k▲
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€94k€208k▲
Income taxes67/77€30k€67k▲
Profit (loss) for the period9904€64k€141k▲
Profit (loss) for the period to be appropriated9905€64k€141k▲
Appropriation of the result
Profit (loss) to be appropriated9906€185k€251k▲
Profit (loss) brought forward from the previous period14P€120k€110k▼
Transfer to equity691/2€64k€141k▲
To other reserves6921€64k€141k▲
Profit to be distributed694/7€10k€10k=
Return on contributions (dividend)694€10k€10k=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €28k | €28k | €23k | €19k | ▼ 17.6% |
| Other operating charges640/8 | - | €2k | €4k | €5k | €2k | ▼ 66.3% |
| Gross operating margin9900 | €122k | €80k | €75k | €130k | €233k | ▲ 79.8% |
| Operating profit (loss)9901 | €96k | €50k | €43k | €102k | €212k | ▲ 109% |
| Financial income75/76B | - | €2k | €3k | €3k | €4k | ▲ 63.7% |
| Recurring financial income75 | €3k | €2k | €3k | €3k | €4k | ▲ 63.7% |
| Financial charges65/66B | - | €11k | €10k | €10k | €9k | ▼ 14.5% |
| Recurring financial charges65 | €21k | €11k | €10k | €10k | €9k | ▼ 14.5% |
| Profit (loss) for the period before taxes9903 | €77k | €41k | €36k | €94k | €208k | ▲ 121% |
| Income taxes67/77 | €19k | €12k | €12k | €30k | €67k | ▲ 126% |
| Profit (loss) for the period9904 | €59k | €29k | €24k | €64k | €141k | ▲ 119% |
| Profit (loss) for the period to be appropriated9905 | €59k | €29k | €24k | €64k | €141k | ▲ 119% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €677k | €666k | €636k | €672k | €793k | ▲ 18.0% |
| Fixed assets21/28 | €600k | €572k | €544k | €530k | €511k | ▼ 3.6% |
| Tangible fixed assets22/27 | €600k | €572k | €544k | €530k | €511k | ▼ 3.6% |
| Land and buildings22 | - | €562k | €540k | €529k | €510k | ▼ 3.6% |
| Furniture and vehicles24 | - | €10k | €4k | - | - | - |
| Other tangible fixed assets26 | - | - | - | €1k | €897 | ▼ 23.7% |
| Current assets29/58 | €78k | €95k | €93k | €142k | €282k | ▲ 98.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €90k | - |
| Other amounts receivable291 | - | - | - | - | €90k | - |
| Amounts receivable within one year40/41 | €48k | €62k | €79k | €106k | €126k | ▲ 19.1% |
| Trade receivables40 | - | €29k | €36k | €46k | €39k | ▼ 14.9% |
| Other amounts receivable41 | - | €33k | €43k | €60k | €87k | ▲ 45.1% |
| Cash at bank and in hand54/58 | €28k | €31k | €12k | €35k | €65k | ▲ 85.5% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €806 | €855 | ▲ 6.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €677k | €666k | €636k | €672k | €793k | ▲ 18.0% |
| Equity10/15 | €95k | €114k | €128k | €183k | €314k | ▲ 71.5% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €66k | €207k | ▲ 213% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Distributable reserves133 | - | - | - | €64k | €207k | ▲ 222% |
| Profit (loss) carried forward14 | €87k | €106k | €120k | €110k | €100k | ▼ 9.1% |
| Amounts payable17/49 | €582k | €552k | €508k | €489k | €480k | ▼ 2.0% |
| Amounts payable after more than one year17 | €486k | €445k | €406k | €371k | €337k | ▼ 9.1% |
| Financial debts170/4 | - | €443k | €402k | €367k | €334k | ▼ 9.1% |
| Other amounts payable178/9 | - | €2k | €3k | €3k | €3k | = |
| Amounts payable within one year42/48 | €96k | €107k | €102k | €119k | €142k | ▲ 20.1% |
| Current portion of amounts payable after more than one year42 | - | €41k | €41k | €36k | €34k | ▼ 7.3% |
| Trade debts44 | €6k | €9k | €12k | €9k | €8k | ▼ 15.0% |
| Suppliers440/4 | - | €9k | €12k | €9k | €8k | ▼ 15.0% |
| Advances received on contracts in progress46 | - | - | - | €4k | - | - |
| Taxes, remuneration and social security45 | - | €47k | €41k | €59k | €91k | ▲ 53.2% |
| Taxes450/3 | - | €47k | €41k | €59k | €91k | ▲ 53.2% |
| Other amounts payable47/48 | - | €10k | €9k | €10k | €10k | ▲ 3.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59k | €29k | €24k | €64k | €141k | ▲ 119% |
| + Depreciation and write-downs630 | €24k | €28k | €28k | €23k | €19k | ▼ 17.6% |
| Operating cash flow (approximation) | €83k | €57k | €52k | €88k | €160k | ▲ 82.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-10k | €0 | ▲ 100% |
| Change in cash | - | €3k | €-18k | €22k | €30k | ▲ 32.8% |
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
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Highest result since 2018net €141k ▲119%
Operating result €212k, net result €141k, both a record.
31-12
Financial
Equity above €200kEq €314k ▲71.5%
7 profitable years in a row build equity to €314k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €150kEq €183k ▲42.4%
6 profitable years in a row build equity to €183k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €24k ▼17.9%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
23-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 84 days late
2021
31-12
Financial
Equity above €100kEq €114k ▲20.5%
4 profitable years in a row build equity to €114k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
Show earlier events
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
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, Sint-Pieters-Woluwe · 1 establishment unit since 2013
Ground area
2,566 m²
Building footprint
974 m²
Volume, LiDAR
23,852 m³
Parcel 21019A0206/00R005, Brussels · tallest building 28.5 m, ±9 floors. Linked by address, not a title deed.
87
companies at this address
See who is registered here
1 establishment unit
HARNAP
since 20132.218.308.242
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0206/00R005 | Brussels | 2,566 m² | 1 · 974 m² | 28.5 m · 9 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 4,768 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
Founded15-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.