HARVEST MANAGEMENT
ActiveSummary
HARVEST MANAGEMENT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €822,170 and a net result of €371,714. Equity is shrinking by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 8161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-1
Solvency31▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.11 in 2024; short-term debt: 93.8% and cash: 27% of total assets), and 93.8% of the assets are financed with debt.
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Signals
Seven 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
6.2%
Return on assets
2.8%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 8161 sector peers (2025).
NBB · sector comparisonPosition among 8161 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
10 d early
2023
64 d early
2022
32 d early
2021
39 d early
2020
54 d early
2019
6 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 31 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 29 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€822,170▼ 48.9%
2024 · €1.6m
Total assets
€13.2m▼ 11.4%
2024 · €14.9m
Net result
€371,714▼ 19.3%
2024 · €460,354
Working capital
€742,710▼ 50.8%
2024 · €1.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€640,527▼ 40.1%€518,700▼ 19.0%€206,154▼ 60.3%€420,562▲ 104%€350,769▼ 16.6%
Net result€786,924above the sector's middle half▲ 4.4%€561,683above the sector's middle half▼ 28.6%€219,441above the sector's middle half▼ 60.9%€460,354above the sector's middle half▲ 110%€371,714above the sector's middle half▼ 19.3%
Equity€2.8mabove the sector's middle half▲ 5.2%€2.9mabove the sector's middle half▲ 2.2%€2.3mabove the sector's middle half▼ 18.4%€1.6mabove the sector's middle half▼ 30.9%€822,170within the sector's middle half▼ 48.9%
Total assets€11.8mabove the sector's middle half▲ 0.2%€13.0mabove the sector's middle half▲ 10.4%€15.0mabove the sector's middle half▲ 15.4%€14.9mabove the sector's middle half▼ 1.0%€13.2mabove the sector's middle half▼ 11.4%
Debt€9.0m▼ 1.3%€10.2m▲ 12.9%€12.7m▲ 24.9%€13.3m▲ 4.5%€12.4m▼ 6.8%
Working capital€2.7mabove the sector's middle half▲ 4.4%€2.8mabove the sector's middle half▲ 3.0%€2.3mabove the sector's middle half▼ 19.7%€1.5mabove the sector's middle half▼ 33.2%€742,710within the sector's middle half▼ 50.8%
Solvency23.7%within the sector's middle half▲ 1.1pp21.9%within the sector's middle half▼ 1.8pp15.5%below the sector's middle half▼ 6.4pp10.8%below the sector's middle half▼ 4.7pp6.2%below the sector's middle half▼ 4.6pp
Current ratio1.30within the sector's middle half▲ 0.021.28within the sector's middle half▼ 0.031.18within the sector's middle half▼ 0.101.11below the sector's middle half▼ 0.061.06below the sector's middle half▼ 0.05
Return on assets (ROA)6.7%within the sector's middle half▲ 0.3pp4.3%within the sector's middle half▼ 2.4pp1.5%within the sector's middle half▼ 2.9pp3.1%within the sector's middle half▲ 1.6pp2.8%within the sector's middle half▼ 0.3pp
Staff (FTE)9.5above the sector's middle half▲ 2.2%9.3above the sector's middle half▼ 2.1%9.6above the sector's middle half▲ 3.2%10above the sector's middle half▲ 4.2%10.9above the sector's middle half▲ 9.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.2m
Fixed assets
€80,276 ▼ 26.3%
Current assets
€13.1m ▼ 11.2%
Equity and liabilities €13.2m
Equity
€822,170 ▼ 48.9%
Debt
€12.4m ▼ 6.8%
Debt's share of the balance-sheet total rises from 89.2% to 93.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€383,233▼
2024 · €447,948
Cash flow
€404,179▼
2024 · €487,740
Debt to equity
15.04▲
2024 · 8.24
ROE
45.2%▲
2024 · 28.6%
Interest coverage
2351.56▲
2024 · 25.69
Debt ≤ 1 year
€12.4m▼
2024 · €13.3m
Income taxes
€14,198▼
2024 · €26,056
Staff costs
€958,591▲
2024 · €870,288
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.0%
went bankrupt
2.1%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,448 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,678 | €1,250 | €543 | ▼ 56.6% |
| Remuneration, social security and pensions62 | - | €727,918 | €780,149 | €870,288 | €958,591 | ▲ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,039 | €27,074 | €20,854 | €27,386 | €32,465 | ▲ 18.5% |
| Other operating charges640/8 | - | €3,033 | €3,075 | €4,882 | €3,168 | ▼ 35.1% |
| Non-recurring operating charges66A | - | €2,126 | - | - | - | - |
| Gross operating margin9900 | €1.4m | €1.3m | €1.0m | €1.3m | €1.3m | ▲ 1.7% |
| Operating profit (loss)9901 | €640,527 | €518,700 | €206,154 | €420,562 | €350,769 | ▼ 16.6% |
| Financial income75/76B | - | €86,361 | €83,452 | €83,281 | €35,307 | ▼ 57.6% |
| Recurring financial income75 | €24,844 | €86,361 | €83,452 | €83,281 | €35,307 | ▼ 57.6% |
| Financial charges65/66B | - | €29,647 | €48,594 | €17,434 | €163 | ▼ 99.1% |
| Recurring financial charges65 | -€131,007 | €29,647 | €48,594 | €17,434 | €163 | ▼ 99.1% |
| Profit (loss) for the period before taxes9903 | €796,378 | €575,413 | €241,012 | €486,410 | €385,912 | ▼ 20.7% |
| Income taxes67/77 | €9,454 | €13,730 | €21,572 | €26,056 | €14,198 | ▼ 45.5% |
| Profit (loss) for the period9904 | €786,924 | €561,683 | €219,441 | €460,354 | €371,714 | ▼ 19.3% |
| Profit (loss) for the period to be appropriated9905 | €786,924 | €561,683 | €219,441 | €460,354 | €371,714 | ▼ 19.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.8m | €13.0m | €15.0m | €14.9m | €13.2m | ▼ 11.4% |
| Fixed assets21/28 | €65,792 | €45,825 | €72,422 | €108,863 | €80,276 | ▼ 26.3% |
| Tangible fixed assets22/27 | €65,792 | €45,825 | €72,422 | €108,863 | €80,276 | ▼ 26.3% |
| Furniture and vehicles24 | - | €44,550 | €71,147 | €107,588 | €79,001 | ▼ 26.6% |
| Other tangible fixed assets26 | - | €1,275 | €1,275 | €1,275 | €1,275 | = |
| Current assets29/58 | €11.7m | €13.0m | €15.0m | €14.8m | €13.1m | ▼ 11.2% |
| Amounts receivable within one year40/41 | €6.2m | €7.0m | €8.6m | €9.9m | €9.0m | ▼ 8.5% |
| Trade receivables40 | - | €715,258 | €805,804 | €590,915 | €656,629 | ▲ 11.1% |
| Other amounts receivable41 | - | €6.3m | €7.8m | €9.3m | €8.4m | ▼ 9.8% |
| Current investments50/53 | €1.5m | €1.4m | €787,256 | €1.3m | €500,000 | ▼ 61.5% |
| Cash at bank and in hand54/58 | €4.0m | €4.5m | €5.6m | €3.5m | €3.6m | ▲ 0.4% |
| Deferred charges and accrued income490/1 | - | €9,162 | €14,154 | €52,325 | €18,088 | ▼ 65.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.8m | €13.0m | €15.0m | €14.9m | €13.2m | ▼ 11.4% |
| Equity10/15 | €2.8m | €2.9m | €2.3m | €1.6m | €822,170 | ▼ 48.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €2.8m | €2.8m | €2.3m | €1.6m | €815,000 | ▼ 49.2% |
| Non-distributable reserves130/1 | - | €2.2m | €1.6m | €800,000 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Other1319 | - | €2.2m | €1.6m | €800,000 | - | - |
| Tax-exempt reserves132 | - | €955 | €955 | €955 | €955 | = |
| Distributable reserves133 | - | €696,185 | €740,185 | €803,045 | €814,045 | ▲ 1.4% |
| Profit (loss) carried forward14 | €778 | €461 | €902 | €256 | €970 | ▲ 279% |
| Amounts payable17/49 | €9.0m | €10.2m | €12.7m | €13.3m | €12.4m | ▼ 6.8% |
| Amounts payable within one year42/48 | €9.0m | €10.2m | €12.7m | €13.3m | €12.4m | ▼ 6.8% |
| Trade debts44 | €1.4m | €1.7m | €2.4m | €3.3m | €3.1m | ▼ 8.2% |
| Suppliers440/4 | - | €1.7m | €2.4m | €3.3m | €3.1m | ▼ 8.2% |
| Advances received on contracts in progress46 | - | €7.7m | €9.9m | €9.3m | €8.7m | ▼ 6.9% |
| Taxes, remuneration and social security45 | - | €158,908 | €99,002 | €180,278 | €236,128 | ▲ 31.0% |
| Taxes450/3 | - | €73,124 | - | €71,019 | €117,033 | ▲ 64.8% |
| Remuneration and social security454/9 | - | €85,784 | €99,002 | €109,259 | €119,095 | ▲ 9.0% |
| Other amounts payable47/48 | - | €644,095 | €334,571 | €413,075 | €373,075 | ▼ 9.7% |
| Accrued charges and deferred income492/3 | - | - | - | €6,515 | €816 | ▼ 87.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €786,924 | €561,683 | €219,441 | €460,354 | €371,714 | ▼ 19.3% |
| + Depreciation and write-downs630 | €26,039 | €27,074 | €20,854 | €27,386 | €32,465 | ▲ 18.5% |
| Operating cash flow (approximation) | €812,963 | €588,757 | €240,295 | €487,740 | €404,179 | ▼ 17.1% |
| Investment in fixed assets (approximation) | - | -€7,106 | -€47,452 | -€63,827 | -€3,877 | ▲ 93.9% |
| Change in cash | - | €533,851 | €1.0m | -€2.0m | €15,850 | ▲ 101% |
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
09-07
State Gazette act
Appointments: ERIC VERBAUWHEDE BV, J. DE ROECK BV and 2 othersPermanent representatives: Eric VERBAUWHEDE, Jeroen DE ROECK and 2 others9 facts ▸
State Gazette act
Appointments: ERIC VERBAUWHEDE BV, J. DE ROECK BV and 2 others
Permanent representatives: Eric VERBAUWHEDE, Jeroen DE ROECK and 2 others9 facts ▸
- General meeting, 10-06-2026
- Director appointment, ERIC VERBAUWHEDE BV (director)
- Permanent representative, Eric VERBAUWHEDE
- Director appointment, J. DE ROECK BV (director)
- Permanent representative, Jeroen DE ROECK
- Director appointment, WIM CLAES BV (director)
- Permanent representative, Wim CLAES
- Director appointment, KOEN DONVIL BV (director)
- Permanent representative, Koen DONVIL
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Weakest financial yearnet €219,441 ▼60.9%
Net result drops to €219,441, the lowest in the series; recovery starts the following year.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26088084). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 4
Eric Verbauwhede
CurrentDirector · since 09-07-2026 · Private limited company · perm. rep.: Eric VERBAUWHEDE
J. DE ROECK
CurrentDirector · since 09-07-2026 · Private limited company · perm. rep.: Jeroen DE ROECK
KOEN DONVIL BV
CurrentDirector · since 09-07-2026 · Legal entity · perm. rep.: Koen DONVIL
WIM CLAES
CurrentDirector · since 09-07-2026 · Private limited company · perm. rep.: Wim CLAES
Permanent representatives 4
Eric VERBAUWHEDE
CurrentPermanent representative · since 09-07-2026 · for Eric Verbauwhede
Jeroen DE ROECK
CurrentPermanent representative · since 09-07-2026 · for J. DE ROECK
Koen DONVIL
CurrentPermanent representative · since 09-07-2026 · for KOEN DONVIL BV
Wim CLAES
CurrentPermanent representative · since 09-07-2026 · for WIM CLAES
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oudergem · 2 establishment units since 2009
Ground area
5,175 m²
Building footprint
640 m²
Volume, LiDAR
9,400 m³
2 parcels, Brussels, Flanders · tallest building 21.1 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
HARVEST MANAGEMENT
since 20092.178.083.530
HARVEST MANAGEMENT
since 20102.192.365.195
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K0015/00B003 | Flanders | 3,873 m² | 1 · 460 m² | 21.1 m · 6 fl. |
| 21332C0056/00B023 | Brussels | 1,302 m² | 1 · 180 m² | 12.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
4 people since 2026, 4 in office
- Board
| Name | Functions and periods |
|---|---|
| Eric Verbauwhede |
|
| J. DE ROECK |
|
| KOEN DONVIL BV |
|
| WIM CLAES |
|
Structure & network
Connections & network
4 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Recognitions · licences · registrations
Legal Entity Identifier
894500PKGC7A5H3A1930
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Identification & contact
Identification
Legal formPrivate limited company
Founded08-04-2009
Fiscal year end31-03
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
68321Property management for co-owned buildings (syndics)
68310Real estate agency activities
82100Office administrative and support services
E-invoicing
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Register as of 29 September 2026 · Peppol Directory
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