ACTIVE

ARMONIA

Financial year 2025 · Closed on 31/12/2025

Net result69,5 k €+266,5 %over 1 year

Gross margin-10,4 k €+65,9 %over 1 year

Equity745,5 k €+10,3 %over 1 year

Identity

Source · BCE/KBO

ARMONIA is a Public limited company incorporated in 1985. Its main activity is: Retail sale of newspapers and stationery in specialised stores. Its registered office is in Etterbeek.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0427.103.767
Incorporation: 01/04/1985
Legal form: Public limited company
Registered office: Boulevard Louis Schmidt 24
1040 Etterbeek · BruxellesSee on map
Contributed capital: 62 500,00 €
Latest accounts: 31/12/2025

Activities (NACE)

47620Retail sale of newspapers and stationery in specialised stores· main 47621Retail sale of newspapers and stationery in specialised stores

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-10,4 k €	+65.9%	-30,5 k €	-197%	31,4 k €	+5.2%	29,9 k €	+740%	-4,7 k €
EBITDA	-26,3 k €	+62.3%	-69,9 k €	-855%	-7,3 k €	-34.5%	-5,4 k €	+86.2%	-39,4 k €
Operating result	-26,6 k €	+63.7%	-73,2 k €	-900%	-7,3 k €	-34.5%	-5,4 k €	+86.4%	-39,9 k €
Net result	69,5 k €	+266%	-41,7 k €	-9372%	450 €	+199%	-455,7 €	+89.8%	-4,5 k €
Balance sheet
Equity	745,5 k €	+10.3%	676 k €	-5.8%	717,8 k €	+0.1%	717,3 k €	-20.5%	902,3 k €
Total assets	1,3 M €	+36.8%	973 k €	-3.8%	1 M €	-5.4%	1,1 M €	-19.0%	1,3 M €
Cash	4,3 k €	-99.4%	732 k €	+140%	304,7 k €	-64.8%	865,2 k €	-21.8%	1,1 M €
Debts	585,3 k €	+97.1%	296,9 k €	+1.1%	293,7 k €	-16.5%	351,6 k €	-15.6%	416,7 k €
Other
Workforce	–		–		–		0,5 ETP	0.0%	0,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Mehdi MARZOUG	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ANNE LAURYS	Director29/05/2015 → 2020 accounts
Thierri-Marc DE VOS	Directorlisted until the 2020 accounts
Thierry De Vos	Managing directorlisted until the 2020 accounts

Other companies at this address

Boulevard Louis Schmidt 24 1040 Etterbeek

Company	CBE no.
4PSB● Active	0537.578.651
Africa economic and security council● Active	0683.700.540
AMADCO BENELUX● Active	0793.140.690
ARKTOS ANALYTICS● Active	0692.580.295
AURUM CAPITAL GROUP● Active	0449.864.422
AVILO CAPITAL● Active	0811.754.990
AVILO ESTATE GROUP● Active	0726.616.211
Beetle Genius● Bankrupt	0683.563.156
BEL88● Active	0772.994.978
BELUX CONCEPT● Active	0542.688.076
BEREA SOTRAD INTERNATIONAL● Active	0672.888.406
BLAUSE● Active	0773.925.089
BLUFRONT● Active	0798.442.830
BRABINVEST● Active	0457.565.034
BRUN FINE ART BELGIQUE● Active	0776.791.836
CEREAL KILLER● Active	0777.473.311
CEREAL KILLER LAB● Active	0793.907.287
CHAUROMAINE● Active	0505.710.587
CHROMA PHOTO● Active	0697.934.103
CIANO● Bankrupt	0873.637.329

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/09/2026	27/08/2025	30/08/2024	27/08/2023	27/10/2022	27/10/2021
General meeting	22/09/2026	22/08/2025	13/08/2024	16/08/2023	14/10/2022	30/09/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	22/09/2026	23/09/2026	French	PDF
Micro model	31/12/2024	22/08/2025	27/08/2025	French	PDF
Micro model	31/12/2023	13/08/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	16/08/2023	27/08/2023	French	PDF
Abridged model	31/12/2021	14/10/2022	27/10/2022	French	PDF
Abridged model	31/12/2020	30/09/2021	27/10/2021	French	PDF
Abridged model	31/12/2019	30/09/2020	02/02/2021	French	PDF
Abridged model	31/12/2018	31/05/2019	30/10/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	27/08/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	14/08/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	11/08/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	31/07/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	20/08/2014	French	PDF
Abridged model	31/12/2012	25/05/2013	31/07/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	17/08/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	23/08/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	27/07/2010	French	PDF
Abridged modelCorrection	31/12/2008	19/04/2010	27/07/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	30/07/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	25/08/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	30/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Mehdi MARZOUG	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ANNE LAURYS	Director29/05/2015 → 2020 accounts
Thierri-Marc DE VOS	Directorlisted until the 2020 accounts
Thierry De Vos	Managing directorlisted until the 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office18/09/2026
Transfert du siège social
PDF
Mandates05/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates16/06/2025
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates25/11/2021
DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/03/2018
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office16/02/2017
Transfert du siège social
PDF
Mandates08/01/2016
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Mehdi MARZOUG

Thierry De Vos

Thierri-Marc DE VOS

ANNE LAURYS

NADINE GOVAERTS

Stéphane De Vos

Thierry-Marc DE VOS

Thirri-Marc DE VOS

198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ARMONIA

Boulevard Louis Schmidt 24, 1040 EtterbeekBoulevard Louis Schmidt 24, 1040 Etterbeek

Managing director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Boulevard Louis Schmidt 24, 1040 EtterbeekCurrent	accounts 2025	Accounts 2025 · 2026-00531431
Avenue de la Couronne 297/299, 1050 Ixelles	accounts 2024	Accounts 2024 · 2025-00441679
Boulevard Louis Schmidt 24, 1040 Etterbeek	accounts 2021 → 2023	Accounts 2023 · 2024-00404627

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ARMONIACurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00531431

Events

2025
Annual accounts 202569,5 k €↑
2024
Annual accounts 2024-41,7 k €↓
2023
Annual accounts 2023450 €↑
2022
Annual accounts 2022-455,7 €↑
2021
Annual accounts 2021-4,5 k €↓
2020
Annual accounts 202058,3 k €↓
2019
Annual accounts 2019111,2 k €↑
2018
Annual accounts 201889,9 k €↑
2017
Annual accounts 201723,5 k €↓
2016
Annual accounts 201636,8 k €↑
2015
Annual accounts 201522,6 k €↓
2014
Annual accounts 2014161,4 k €↑
2013
Annual accounts 2013121,2 k €↑
2012
Annual accounts 201277,2 k €↑
2011
Annual accounts 201115 k €↓
2010
Annual accounts 2010231,1 k €↑
2009
Annual accounts 2009183,2 k €↑
2008
Annual accounts 2008-190,6 k €↓
2007
Annual accounts 2007152,3 k €↑
2006
Annual accounts 2006117,1 k €
01/04/1985
IncorporationPublic limited company

ARMONIA

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events