HARMONY
ActiveHARMONY has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-1.44M) and a net result of €-6k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 5% of 9689 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
0
/ 100
Critical▼ -8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability2▲+2
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.14 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-1137.6%
Return on assets
-4.6%
Age of the figures
20 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€1.4M
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
35 d early
2022
31 d early
2021
20 d early
2020
38 d early
2019
28 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-1.44M▼ 0.4%
2023 · €-1.43M
2018: €-1.38M
2019: €-1.46M
2020: €-1.62M
2021: €-1.59M
2022: €-1.51M
2023: €-1.43M
2018 → 2024
Total assets
€126k▼ 66.6%
2023 · €377k
2018: €6.11M
2019: €5.74M
2020: €3.57M
2021: €2.13M
2022: €733k
2023: €377k
2018 → 2024
Net result
€-6k
2023 · €77k
2018: €706k
2019: €-76k
2020: €-162k
2021: €32k
2022: €81k
2023: €77k
2018 → 2024
Working capital
€-1.52M▲ 2.6%
2023 · €-1.56M
2018: €-1.93M
2019: €-1.94M
2020: €-2.22M
2021: €-1.90M
2022: €-1.77M
2023: €-1.56M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-1.62M-€-1.59M▲ 2.0%€-1.51M▲ 5.1%€-1.43M▲ 5.1%€-1.44M▼ 0.4%
Operating result€-119k-€63k€105k▲ 67.5%€86k▼ 18.2%€3k▼ 96.4%
Net result€-162k-€32k€81k▲ 153%€77k▼ 5.1%€-6k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 96% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €126k
Fixed assets
€86k▼ 35.4%
Current assets
€40k▼ 83.5%
Key figures and ratios
EBITDA
€8k▼
2023 · €93k
Cash flow
€-1k▼
2023 · €83k
Solvency
-1137.6%▼
2023 · -378.9%
Current ratio
0.03▼
2023 · 0.14
Quick ratio
0.01▼
2023 · 0.10
Debt / equity
-1.09▲
2023 · -1.26
ROE
0.4%▲
2023 · -5.4%
ROA
-4.6%▼
2023 · 20.3%
Interest coverage
0.86▼
2023 · 9.78
Debt
€1.56M▼
2023 · €1.81M
Debt ≤ 1 year
€1.56M▼
2023 · €1.81M
Staff costs
€-15▼
2023 · €363
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€377k€126k▼
Fixed assets21/28€133k€86k▼
Tangible fixed assets22/27€128k€86k▼
Land and buildings22€124k€83k▼
Plant, machinery and equipment23€544€174▼
Furniture and vehicles24€4k€2k▼
Financial fixed assets28€5k-
Current assets29/58€244k€40k▼
Stocks and contracts in progress3€61k€18k▼
Stocks30/36€61k€18k▼
Amounts receivable within one year40/41€29k€12k▼
Trade receivables40€29k€12k▼
Cash at bank and in hand54/58€155k€10k▼
Equity and liabilities
Total equity and liabilities10/49€377k€126k▼
Equity10/15€-1.43M€-1.44M▼
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-1.56M€-1.56M▼
Amounts payable17/49€1.81M€1.56M▼
Amounts payable within one year42/48€1.81M€1.56M▼
Trade debts44€94k€45k▼
Suppliers440/4€94k€45k▼
Taxes, remuneration and social security45€30k€947▼
Taxes450/3€30k€947▼
Other amounts payable47/48€1.68M€1.51M▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20232024
Non-recurring operating income76A€242€126▼
Remuneration, social security and pensions62€363€-15▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€13k€7k▼
Non-recurring operating charges66A€6k-
Gross operating margin9900€112k€15k▼
Operating profit (loss)9901€86k€3k▼
Financial income75/76B€0€35▲
Recurring financial income75€0€35▲
Financial charges65/66B€9k€9k▼
Recurring financial charges65€9k€9k▼
Profit (loss) for the period before taxes9903€77k€-6k▼
Profit (loss) for the period9904€77k€-6k▼
Profit (loss) for the period to be appropriated9905€77k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.56M€-1.56M▼
Profit (loss) brought forward from the previous period14P€-1.63M€-1.56M▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
29-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Permanent representative6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Permanent representative6 facts ▸
- General meeting, 30/06/2026
- Director reappointment, Frask NV (bestuurder)
- Permanent representative, Sleuyter Steven
- Director reappointment, Gryson Rita (bestuurder)
- Director reappointment, Sleuyter Anthony (bestuurder)
- Director reappointment, Sleuyter Franklin (bestuurder)
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-162k
Net result drops to €-162k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 52 days late
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 87 days late
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 145 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 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 (26097827). 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.
FRASK
CurrentDirector · since 30-06-2026 · Public limited company · perm. rep.: Sleuyter Steven
Gryson Rita
CurrentDirector · since 30-06-2026
Sleuyter Anthony
CurrentDirector · since 30-06-2026
Sleuyter Franklin
CurrentDirector · since 30-06-2026
30-06-2026
FRASK: Mandate renewed as Director
30-06-2026
Gryson Rita: Mandate renewed as Director
30-06-2026
Sleuyter Anthony: Mandate renewed as Director
30-06-2026
Sleuyter Franklin: Mandate renewed as Director
Not every act has been read: a resignation may be missing here
8 of this company's 9 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, Oostende · 1 establishment unit since 2010
Ground area
2.1 ha
Building footprint
716 m²
Volume, LiDAR
14,633 m³
Parcel 35384A0150/00Y011, Flanders · tallest building 24.7 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
FRASK VASTGOEDONTWIKKELING
since 20102.194.450.596
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35384A0150/00Y011 | Flanders | 2.1 ha | 1 · 716 m² | 24.7 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
HARMONYBE 0831.791.826
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 9,640 companies in sector 68121 we hold annual accounts for 7,324.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-12-2010
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.