ACTIVE

ARMONIA

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Financial year 2024 · closed on 31/12/2024

Net result

-41,7 k €

-9372.4% YoY

Gross margin

-30,5 k €

-197.1% YoY

Equity

676 k €

-5.8% YoY

What does ARMONIA do?

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

31/12/2024

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

Solid equityLow riskGood liquidityHealthy social debts

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-30,5 k €	-197%	31,4 k €	+5.2%	29,9 k €	+740%	-4,7 k €	-104%	113,1 k €	-80.2%	570,9 k €	-17.4%	690,8 k €	+50.0%	460,6 k €	-22.7%	595,5 k €	-7.6%	644,2 k €	-13.6%	745,2 k €	-7.1%	802,1 k €	+0.7%	796,5 k €	+2.4%	777,8 k €	-20.2%	975,3 k €	+9.4%	891,1 k €	-6.8%	956,2 k €	+12.9%	847,3 k €	-0.9%	854,6 k €
EBITDA	-69,9 k €	-855%	-7,3 k €	-34.5%	-5,4 k €	+86.2%	-39,4 k €	-162%	63,6 k €	-70.3%	214,4 k €	-13.4%	247,6 k €	+772%	28,4 k €	-78.8%	133,8 k €	-30.6%	192,7 k €	-28.0%	267,7 k €	-16.2%	319,5 k €	+13.4%	281,8 k €	-2.0%	287,5 k €	-40.9%	486,9 k €	+31.8%	369,4 k €	-20.5%	464,6 k €	+30.9%	354,9 k €	-15.5%	420 k €
Operating result	-73,2 k €	-900%	-7,3 k €	-34.5%	-5,4 k €	+86.4%	-39,9 k €	-198%	40,7 k €	-76.5%	172,9 k €	-3.7%	179,5 k €	+353%	-70,8 k €	-498%	17,8 k €	-67.1%	54,2 k €	-60.6%	137,5 k €	-36.1%	215 k €	+90.3%	113 k €	-10.6%	126,5 k €	-56.4%	289,8 k €	+73.0%	167,5 k €	-43.2%	294,9 k €	+93.1%	152,7 k €	-22.8%	197,7 k €
Net result	-41,7 k €	-9372%	450 €	+199%	-455,7 €	+89.8%	-4,5 k €	-108%	58,3 k €	-47.6%	111,2 k €	+23.8%	89,9 k €	+282%	23,5 k €	-36.0%	36,8 k €	+62.6%	22,6 k €	-86.0%	161,4 k €	+33.2%	121,2 k €	+56.9%	77,2 k €	+416%	15 k €	-93.5%	231,1 k €	+26.2%	183,2 k €	+196%	-190,6 k €	-225%	152,3 k €	+30.0%	117,1 k €
Balance sheet
Equity	676 k €	-5.8%	717,8 k €	+0.1%	717,3 k €	-20.5%	902,3 k €	-0.5%	906,8 k €	+0.9%	898,5 k €	+7.3%	837,2 k €	-39.8%	1,4 M €	-12.4%	1,6 M €	+2.4%	1,6 M €	+1.5%	1,5 M €	+11.8%	1,4 M €	+8.7%	1,3 M €	+6.5%	1,2 M €	+1.3%	1,2 M €	+24.7%	934,7 k €	+24.4%	751,6 k €	-20.2%	942,1 k €	+19.3%	789,8 k €
Total assets	973 k €	-3.8%	1 M €	-5.4%	1,1 M €	-19.0%	1,3 M €	-0.9%	1,3 M €	-21.2%	1,7 M €	+2.4%	1,6 M €	-28.9%	2,3 M €	-0.0%	2,3 M €	-2.6%	2,4 M €	-2.3%	2,4 M €	-7.1%	2,6 M €	+24.8%	2,1 M €	+7.2%	2 M €	+6.5%	1,8 M €	+2.2%	1,8 M €	+21.1%	1,5 M €	-8.3%	1,6 M €	+9.3%	1,5 M €
Cash	732 k €	+140%	304,7 k €	-64.8%	865,2 k €	-21.8%	1,1 M €	-1.8%	1,1 M €	-4.5%	1,2 M €	+4.0%	1,1 M €	-39.4%	1,9 M €	+0.1%	1,9 M €	+3.2%	1,8 M €	+21.1%	1,5 M €	-17.0%	1,8 M €	+122%	812,2 k €	+12.3%	723 k €	+60.1%	451,5 k €	+5.2%	429,3 k €	+187%	149,4 k €	-80.8%	778,7 k €	-2.6%	799,5 k €
Debts	296,9 k €	+1.1%	293,7 k €	-16.5%	351,6 k €	-15.6%	416,7 k €	-1.7%	423,8 k €	-46.2%	788,3 k €	-2.4%	807,3 k €	+16.8%	691,4 k €	+19.3%	579,8 k €	-10.8%	650,1 k €	-6.0%	691,4 k €	-32.0%	1 M €	+21.9%	833,8 k €	+8.2%	770,4 k €	+15.6%	666,3 k €	-22.3%	857,4 k €	+18.1%	725,9 k €	+8.4%	669,6 k €	-2.0%	683,5 k €
Other
Workforce	–		–		0,5 ETP	0.0%	0,5 ETP	-28.6%	0,7 ETP	-95.0%	14,1 ETP	-6.6%	15,1 ETP	0.0%	15,1 ETP	-5.0%	15,9 ETP	-3.0%	16,4 ETP	-3.5%	17,0 ETP	0.0%	17,0 ETP	-5.6%	18,0 ETP	+5.9%	17,0 ETP	0.0%	17,0 ETP	-5.6%	18,0 ETP	0.0%	18,0 ETP	0.0%	18,0 ETP	+8.4%	16,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 20 ended

Active mandates

Mehdi MARZOUG

Mandate

Active

Ended mandates

ANNE LAURYS

Director · since 29 mai 2021 · until 29 mai 2027

Ended

Thierri-Marc DE VOS

Director · since 29 mai 2021 · until 29 mai 2027

Ended

Thierry De Vos

Managing director · since 29 mai 2021 · until 29 mai 2027

Ended

ANNE LAURYS

Director · since 29 mai 2015 · until 29 mai 2021

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/08/2025	30/08/2024	27/08/2023	27/10/2022	27/10/2021	02/02/2021
General meeting	22/08/2025	13/08/2024	16/08/2023	14/10/2022	30/09/2021	30/09/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
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

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 20 ended

Active mandates

Mehdi MARZOUG

Mandate

Active

Ended mandates

ANNE LAURYS

Director · since 29 mai 2021 · until 29 mai 2027

Ended

Thierri-Marc DE VOS

Director · since 29 mai 2021 · until 29 mai 2027

Ended

Thierry De Vos

Managing director · since 29 mai 2021 · until 29 mai 2027

Ended

ANNE LAURYS

Director · since 29 mai 2015 · until 29 mai 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

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
SIEGE SOCIAL
PDF
Mandates08/01/2016
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

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

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ARMONIA

Overview

What does ARMONIA do?

Trend over 19 financial years

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