ACTIVE

HARCO INVEST

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Financial year 2025 · Closed on 30/06/2025

Net result-161,3 k €-9 136,2 %over 1 year

Gross margin66,1 k €+19,7 %over 1 year

Equity-134,7 k €-606,4 %over 1 year

Identity

Source · BCE/KBO

HARCO INVEST is a Public limited company incorporated in 2002. Its registered office is in Ixelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0476.558.624
Incorporation: 07/01/2002
Legal form: Public limited company
Registered office: Avenue Louise 390
1050 Ixelles · BruxellesSee on map
Contributed capital: 63 500,00 €
Latest accounts: 30/06/2025

Signals

Positive EBITDA

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	66,1 k €	+19.7%	55,2 k €	-26.5%	75,2 k €	+11.6%	67,4 k €	+16.5%	57,8 k €
EBITDA	21,5 k €	+71.6%	12,5 k €	-63.3%	34,1 k €	+1.0%	33,8 k €	+37.4%	24,6 k €
Operating result	-11,8 k €	+43.8%	-21 k €	-10911%	-190,8 €	+72.7%	-699,9 €	+93.1%	-10,2 k €
Net result	-161,3 k €	-9136%	1,8 k €	+110%	-18,1 k €	-8445%	216,3 €	+680%	27,7 €
Balance sheet
Equity	-134,7 k €	-606%	26,6 k €	+7.2%	24,8 k €	-42.1%	42,9 k €	+0.5%	42,7 k €
Total assets	1,7 M €	-8.6%	1,9 M €	+2.3%	1,8 M €	+1.1%	1,8 M €	-0.2%	1,8 M €
Cash	770,7 €	+3.1%	747,6 €		–		–		–
Debts	1,8 M €	-0.4%	1,8 M €	+2.8%	1,8 M €	+1.9%	1,8 M €	-0.5%	1,8 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

3 active · 10 ended

Active mandates

Arda MAKINADJIAN

Director · since 02 septembre 2022 · until 02 septembre 2028

Active

Hrair BABIKIAN

Managing director · since 02 septembre 2022 · until 02 septembre 2028

Active

Lea BABIKIAN

Director · since 02 septembre 2022 · until 02 septembre 2028

Active

Ended mandates

ARDA MAKINADJIAN

Director · since 02 septembre 2016 · until 02 septembre 2022

Ended

Hrair BABIKIAN

Managing director · since 02 septembre 2016 · until 02 septembre 2022

Ended

LEA BABIKIAN

Director · since 02 septembre 2016 · until 02 septembre 2022

Ended

Arda MAKINADJIAN

Director · since 03 septembre 2010 · until 03 septembre 2016

Ended

Other companies at this address

Avenue Louise 390 1050 Ixelles

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BAILLI 8● Active	1021.834.919
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BRUFLOR● Active	0426.600.456
CAREERS INTERNATIONAL● Active	0863.467.571
CARGO DEAL● Active	1030.534.928
CHATIMIBE● Active	0774.570.932
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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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/02/2026	30/01/2025	04/01/2024	30/01/2023	11/10/2021	12/11/2020
General meeting	30/01/2026	28/01/2025	29/12/2023	26/01/2023	03/09/2021	04/09/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	30/01/2026	02/02/2026	French	PDF
Micro model	30/06/2024	28/01/2025	30/01/2025	French	PDF
Micro model	30/06/2023	29/12/2023	04/01/2024	French	PDF
Abridged model	30/06/2022	26/01/2023	30/01/2023	French	PDF
Abridged model	30/06/2021	03/09/2021	11/10/2021	French	PDF
Abridged model	30/06/2020	04/09/2020	12/11/2020	French	PDF
Abridged model	30/06/2019	06/09/2019	25/10/2019	French	PDF
Abridged model	30/06/2018	07/09/2018	31/10/2018	French	PDF
Abridged model	30/06/2017	01/09/2017	30/10/2017	French	PDF
Abridged model	30/06/2016	02/09/2016	04/01/2017	French	PDF
Abridged model	30/06/2015	04/09/2015	24/12/2015	French	PDF
Abridged model	30/06/2014	05/09/2014	29/10/2014	French	PDF
Abridged model	30/06/2013	06/09/2013	26/11/2013	French	PDF
Abridged model	30/06/2012	07/09/2012	20/11/2012	French	PDF
Abridged model	30/06/2011	02/09/2011	23/11/2011	French	PDF
Abridged model	30/06/2010	03/09/2010	29/11/2010	French	PDF
Abridged model	30/06/2009	04/09/2009	14/10/2009	French	PDF
Abridged model	30/06/2008	05/09/2008	21/01/2009	French	PDF
Abridged model	30/06/2007	07/09/2007	10/01/2008	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 30/06/2025

3 active · 10 ended

Active mandates

Arda MAKINADJIAN

Director · since 02 septembre 2022 · until 02 septembre 2028

Active

Hrair BABIKIAN

Managing director · since 02 septembre 2022 · until 02 septembre 2028

Active

Lea BABIKIAN

Director · since 02 septembre 2022 · until 02 septembre 2028

Active

Ended mandates

ARDA MAKINADJIAN

Director · since 02 septembre 2016 · until 02 septembre 2022

Ended

Hrair BABIKIAN

Managing director · since 02 septembre 2016 · until 02 septembre 2022

Ended

LEA BABIKIAN

Director · since 02 septembre 2016 · until 02 septembre 2022

Ended

Arda MAKINADJIAN

Director · since 03 septembre 2010 · until 03 septembre 2016

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other21/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates19/01/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates17/02/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates08/03/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates21/04/2005
DEMISSIONS, NOMINATIONS
PDF
Mandates08/04/2005
MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025-161,3 k €↓
2024
Annual accounts 20241,8 k €↑
2023
Annual accounts 2023-18,1 k €↓
2022
Annual accounts 2022216,3 €↑
2021
Annual accounts 202127,7 €↓
2020
Annual accounts 20206,1 k €↓
2019
Annual accounts 20197,5 k €↑
2018
Annual accounts 2018-3,5 k €↑
2017
Annual accounts 2017-11,7 k €↓
2016
Annual accounts 2016-348,8 €↓
2015
Annual accounts 2015236,6 k €↑
2014
Annual accounts 201446 k €↑
2013
Annual accounts 201344,2 k €↑
2012
Annual accounts 201220,4 k €↓
2011
Annual accounts 201132,7 k €↓
2010
Annual accounts 201033,5 k €↑
2009
Annual accounts 20099,7 k €↑
2008
Annual accounts 2008-1,4 k €↑
2007
Annual accounts 2007-105,1 k €
07/01/2002
IncorporationPublic limited company

HARCO INVEST

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