ACTIVE

HARMONY INDUSTRIES

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Financial year 2025 · closed on 31/12/2025

Net result

176,4 k €

-85.2% YoY

Gross margin

233,2 k €

-22.6% YoY

Equity

75,8 M €

+0.2% YoY

What does HARMONY INDUSTRIES do?

HARMONY INDUSTRIES is a Public limited company incorporated in 1988. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Wielsbeke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.187.917

Incorporation

20/12/1988

Legal form

Public limited company

Registered office

Grote Molstenstraat 21
8710 Wielsbeke · FlandreSee on map

Contributed capital

750 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	233,2 k €	-22.6%	301,2 k €	+7.9%	279,2 k €	-50.2%	560,3 k €	-13.7%	649 k €	+318%	155,2 k €	-28.6%	217,4 k €	-29.0%	306 k €	-41.8%	525,6 k €	-84.1%	3,3 M €	+440%	614,4 k €	+33.1%	461,8 k €	+9.4%	422,1 k €	+9.2%	386,4 k €	+46.0%	264,7 k €	+20.8%	219,1 k €	+144%	89,9 k €	-40.6%	151,4 k €	-38.8%	247,5 k €	+12.7%	219,6 k €
EBITDA	-1,9 M €	-1216%	174,1 k €	+1.4%	171,8 k €	-51.4%	353,3 k €	-36.7%	558,2 k €	+863%	58 k €	-64.6%	163,5 k €	-29.3%	231,4 k €	+169%	-337,1 k €	-110%	3,3 M €	+480%	563,6 k €	+23.2%	457,3 k €	+9.5%	417,6 k €	+9.2%	382,4 k €	+46.6%	260,7 k €	+21.1%	215,3 k €	+150%	86,1 k €	-41.8%	147,9 k €	-18.6%	181,7 k €	+13.2%	160,5 k €
Operating result	-2,2 M €	-4601%	-46,2 k €	+2.2%	-47,2 k €	-134%	138,3 k €	-60.2%	347,4 k €	+391%	-119,5 k €	-372%	43,9 k €	-28.6%	61,5 k €	-86.1%	441,8 k €	-86.4%	3,3 M €	+540%	509,5 k €	+15.4%	441,5 k €	+12.7%	391,8 k €	+10.2%	355,5 k €	+52.0%	233,9 k €	+26.9%	184,4 k €	+310%	45 k €	-57.6%	106,3 k €	-23.5%	138,9 k €	+19.1%	116,6 k €
Net result	176,4 k €	-85.2%	1,2 M €	+1695%	66,2 k €	-99.5%	12,2 M €	-6.6%	13,1 M €	+23291%	-56,5 k €	-107%	770 k €	-99.0%	75,4 M €	+39262%	191,5 k €	-91.6%	2,3 M €	-93.9%	37,2 M €	+10079%	365,1 k €	+44.4%	252,8 k €	-11.6%	285,8 k €	+31.9%	216,7 k €	-3.9%	225,4 k €	+228%	68,8 k €	-46.8%	129,4 k €	-10.1%	144 k €	+37.1%	105,1 k €
Balance sheet
Equity	75,8 M €	+0.2%	75,6 M €	+1.6%	74,4 M €	+0.1%	74,4 M €	-45.2%	135,8 M €	+10.7%	122,7 M €	+0.1%	122,6 M €	+0.6%	121,8 M €	+162%	46,4 M €	+0.4%	46,2 M €	+5.2%	44 M €	+850%	4,6 M €	+8.6%	4,3 M €	+6.3%	4 M €	+7.7%	3,7 M €	+6.2%	3,5 M €	+6.9%	3,3 M €	+2.1%	3,2 M €	+4.2%	3,1 M €	+4.9%	2,9 M €
Total assets	167,4 M €	+4.2%	160,6 M €	+1.1%	158,9 M €	+3.0%	154,3 M €	-41.5%	263,8 M €	+14.9%	229,5 M €	+11.6%	205,7 M €	+1.2%	203,2 M €	+6.7%	190,4 M €	-5.5%	201,5 M €	+20.2%	167,7 M €	+3493%	4,7 M €	+9.3%	4,3 M €	+4.2%	4,1 M €	+9.7%	3,7 M €	+6.3%	3,5 M €	+5.5%	3,3 M €	+3.3%	3,2 M €	+2.8%	3,1 M €	+5.5%	3 M €
Cash	490,6 k €	+528%	78,1 k €	-38.3%	126,6 k €	-57.5%	297,7 k €	-89.4%	2,8 M €	+241%	822,7 k €	-68.3%	2,6 M €	-54.5%	5,7 M €	+1264%	418,1 k €	+191%	143,5 k €	+4.1%	137,8 k €	+62.3%	84,9 k €	+75.3%	48,4 k €	-44.8%	87,7 k €	-8.3%	95,7 k €	-57.6%	225,9 k €	+603%	32,1 k €	+13.4%	28,4 k €	+18.0%	24 k €	-96.9%	787,4 k €
Debts	91,2 M €	+9.2%	83,5 M €	+1.0%	82,6 M €	+6.6%	77,5 M €	-38.6%	126,4 M €	+18.7%	106,4 M €	+31.2%	81,1 M €	+2.0%	79,5 M €	-44.1%	142,3 M €	-6.4%	152,1 M €	+24.1%	122,5 M €	+316241%	38,7 k €	+635%	5,3 k €	-93.8%	85,3 k €	+707%	10,6 k €	+113%	5 k €	-89.7%	48,1 k €	+440%	8,9 k €	-82.4%	50,5 k €	+66.4%	30,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 8 ended

Active mandates

Fransiska Clarsse

Director · since 30 juin 2022 · until 29 juin 2028

Active

Luc Tack

Managing director · since 30 juin 2022 · until 29 juin 2028

Active

Laurie Tack

Director · since 13 juillet 2020 · until 25 juin 2026

Active

Ended mandates

Fransiska Clarysse

Director · since 30 juin 2022 · until 29 juin 2028

Ended

Fransiska CLARYSSE

Director · since 30 juin 2016 · until 30 juin 2022

Ended

Luc TACK

Managing director · since 30 juin 2016 · until 30 juin 2022

Ended

Bernard CRUYCKE

Director · since 01 janvier 2013 · until 01 décembre 2014

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	22/07/2026	16/07/2025	15/07/2024	17/07/2023	14/07/2022	14/07/2021
General meeting	25/06/2026	26/06/2025	27/06/2024	29/06/2023	30/06/2022	24/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/06/2026	22/07/2026	Dutch	PDF
Abridged model	31/12/2024	26/06/2025	16/07/2025	Dutch	PDF
Abridged model	31/12/2023	27/06/2024	15/07/2024	Dutch	PDF
Abridged model	31/12/2022	29/06/2023	17/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	14/07/2022	Dutch	PDF
Abridged model	31/12/2020	24/06/2021	14/07/2021	Dutch	PDF
Abridged model	31/12/2019	31/08/2020	18/09/2020	Dutch	PDF
Abridged model	31/12/2018	27/06/2019	06/07/2019	Dutch	PDF
Abridged model	31/12/2017	28/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	29/06/2017	13/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	07/07/2016	Dutch	PDF
Abridged model	31/12/2014	25/06/2015	06/07/2015	Dutch	PDF
Abridged model	31/12/2013	26/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	27/06/2013	04/07/2013	Dutch	PDF
Abridged model	31/12/2011	28/06/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	04/07/2011	Dutch	PDF
Abridged model	31/12/2009	24/06/2010	09/07/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	17/07/2009	Dutch	PDF
Abridged model	31/12/2007	26/06/2008	09/07/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	12/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/12/2025 · 3 active · 8 ended

Active mandates

Fransiska Clarsse

Director · since 30 juin 2022 · until 29 juin 2028

Active

Luc Tack

Managing director · since 30 juin 2022 · until 29 juin 2028

Active

Laurie Tack

Director · since 13 juillet 2020 · until 25 juin 2026

Active

Ended mandates

Fransiska Clarysse

Director · since 30 juin 2022 · until 29 juin 2028

Ended

Fransiska CLARYSSE

Director · since 30 juin 2016 · until 30 juin 2022

Ended

Luc TACK

Managing director · since 30 juin 2016 · until 30 juin 2022

Ended

Bernard CRUYCKE

Director · since 01 janvier 2013 · until 01 décembre 2014

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares23/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Restructuring04/11/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates29/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring16/09/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates20/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/04/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring15/09/2015
ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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

2025
Annual accounts 2025176,4 k €↓
2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 202366,2 k €↓
2022
Annual accounts 202212,2 M €↓
21/12/2022
augmentation_capitalLuc Tack
21/12/2022
augmentation_capitalFransiska Clarysse
30/06/2022
reconductionLuc Tack — bestuurder
30/06/2022
reconductionFransiska Clarysse — bestuurder
30/06/2022
nominationLuc Tack — gedelegeerd bestuurder
2021
Annual accounts 202113,1 M €↑
2020
Annual accounts 2020-56,5 k €↓
2019
Annual accounts 2019770 k €↓
2018
Annual accounts 201875,4 M €↑
2017
Annual accounts 2017191,5 k €↓
2016
Annual accounts 20162,3 M €↓
2015
Annual accounts 201537,2 M €↑
2014
Annual accounts 2014365,1 k €↑
2013
Annual accounts 2013252,8 k €↓
2012
Annual accounts 2012285,8 k €↑
2011
Annual accounts 2011216,7 k €↓
2010
Annual accounts 2010225,4 k €↑
2009
Annual accounts 200968,8 k €↓
2008
Annual accounts 2008129,4 k €↓
2007
Annual accounts 2007144 k €↑
2006
Annual accounts 2006105,1 k €
20/12/1988
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

HARMONY INDUSTRIES

Overview

What does HARMONY INDUSTRIES do?

Trend over 20 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