ACTIVE

HARMONY

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-50,5 k €

-765.5% YoY

Gross margin

23,6 k €

+60.5% YoY

Equity

-1,5 M €

-3.5% YoY

What does HARMONY do?

HARMONY is a Public limited company incorporated in 2010. Its main activity is: Development of building projects. Its registered office is in Oostende.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0831.791.826

Incorporation

09/12/2010

Legal form

Public limited company

Registered office

Northlaan 9 box 701
8400 Oostende · FlandreSee on map

Contributed capital

125 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 41102Development of building projects 64200Activities of holding companies 64210Activities of holding companies 68100Buying and selling of own real estate+4

Joint committees (3)

Signals

Positive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	23,6 k €	+60.5%	14,7 k €	-86.9%	112 k €	-23.9%	147,2 k €	+43.7%	102,5 k €	+360%	-39,5 k €	-180%	49,3 k €	-95.2%	1 M €	+316%	-475,3 k €		–		–		–		–		–		–
EBITDA	13 k €	+67.7%	7,7 k €	-91.6%	92,6 k €	-25.8%	124,9 k €	+46.5%	85,2 k €	+197%	-88 k €	-292%	45,8 k €	-94.9%	900,9 k €	+214%	-788,4 k €	-301%	392,9 k €	-70.3%	1,3 M €	+236%	-971,6 k €	-241%	688 k €	+182%	244 k €	+17218%	1,4 k €
Operating result	-42,3 k €	-1446%	3,1 k €	-96.4%	86,2 k €	-18.2%	105,4 k €	+67.5%	62,9 k €	+153%	-119,2 k €	-1025%	12,9 k €	-98.4%	830,1 k €	+185%	-981,6 k €	-366%	369,5 k €	-71.7%	1,3 M €	+228%	-1 M €	-257%	652,5 k €	+200%	217,8 k €	+21770%	996 €
Net result	-50,5 k €	-766%	-5,8 k €	-108%	76,7 k €	-5.1%	80,9 k €	+153%	31,9 k €	+120%	-162,1 k €	-113%	-76,3 k €	-111%	705,9 k €	+161%	-1,2 M €	-2335%	52 k €	-94.4%	931,8 k €	+145%	-2,1 M €	-2311%	93,4 k €	+544%	-21 k €	+47.1%	-39,8 k €
Balance sheet
Equity	-1,5 M €	-3.5%	-1,4 M €	-0.4%	-1,4 M €	+5.1%	-1,5 M €	+5.1%	-1,6 M €	+2.0%	-1,6 M €	-11.1%	-1,5 M €	-5.5%	-1,4 M €	+33.8%	-2,1 M €	-126%	-924,5 k €	+5.3%	-976,5 k €	+48.8%	-1,9 M €	-1311%	157,6 k €	+146%	64,2 k €	-24.7%	85,2 k €
Total assets	110,2 k €	-12.7%	126,2 k €	-66.6%	377,4 k €	-48.5%	732,9 k €	-65.6%	2,1 M €	-40.3%	3,6 M €	-37.9%	5,7 M €	-6.0%	6,1 M €	-13.6%	7,1 M €	-23.0%	9,2 M €	+2.6%	8,9 M €	-29.5%	12,7 M €	+6.8%	11,9 M €	+58.8%	7,5 M €	+133%	3,2 M €
Cash	4,9 k €	-51.0%	10 k €	-93.5%	155,2 k €	-26.7%	211,6 k €	-69.5%	694,1 k €	+1644%	39,8 k €	-90.9%	435,9 k €	+26.6%	344,4 k €	+478%	59,6 k €	-93.0%	852 k €	+340%	193,6 k €	-84.5%	1,3 M €	-28.2%	1,7 M €	+3.6%	1,7 M €	+22.8%	1,4 M €
Debts	1,6 M €	+0.0%	1,6 M €	-13.6%	1,8 M €	-19.3%	2,2 M €	-39.8%	3,7 M €	-28.3%	5,2 M €	-26.9%	7,1 M €	-3.9%	7,4 M €	-18.4%	9 M €	-9.5%	10 M €	+2.1%	9,8 M €	-32.4%	14,5 M €	+24.6%	11,6 M €	+58.9%	7,3 M €	+135%	3,1 M €
Other
Workforce	–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP	-71.8%	3,9 ETP	-18.8%	4,8 ETP	+2.1%	4,7 ETP	0.0%	4,7 ETP	-19.0%	5,8 ETP	+13.7%	5,1 ETP	+240%	1,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 18 ended

Active mandates

FRASK

Mandate · 0862.505.093

Represented by Steven Sleuyter

Active

Ended mandates

ANTHONY SLEUYTER

Director · since 01 septembre 2015

Ended

FRASK

Managing director · since 01 septembre 2015 · 0862.505.093

Represented by SLEUYTER FRANKLIN

Ended

GRYSON RITA

Director · since 01 septembre 2015

Ended

SLEUYTER FRANKLIN

Director · since 01 septembre 2015

Ended

At this address

Other companies at this address

Company	CBE no.
FRASK● Active	0862.505.093
FRASK ALLURE● Active	1042.242.432
FRASK DEVELOPMENT● Active	1042.242.036
FRASK PATRIMONIUM● Active	1042.242.234
FRASK RETAIL● Active	1042.242.333
FRASK VASTGOEDONTWIKKELING● Active	0453.407.001
JO AREND PROJECTS● Active	0819.484.803

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	30/06/2026	30/06/2025	26/06/2024	30/06/2023	11/07/2022	23/06/2021
General meeting	15/06/2026	15/06/2025	15/06/2024	15/06/2023	15/06/2022	15/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	15/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	26/06/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	23/06/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	03/07/2020	Dutch	PDF
Abridged model	31/12/2018	06/07/2019	11/07/2019	Dutch	PDF
Abridged model	31/12/2017	20/09/2018	21/09/2018	Dutch	PDF
Full model	31/12/2016	26/10/2017	26/10/2017	Dutch	PDF
Full model	31/12/2015	15/12/2016	23/12/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	21/07/2015	Dutch	PDF
Full model	31/12/2013	18/07/2014	29/07/2014	Dutch	PDF
Full model	31/12/2012	11/07/2013	09/08/2013	Dutch	PDF
Full model	31/12/2011	31/08/2012	31/08/2012	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 18 ended

Active mandates

FRASK

Mandate · 0862.505.093

Represented by Steven Sleuyter

Active

Ended mandates

ANTHONY SLEUYTER

Director · since 01 septembre 2015

Ended

FRASK

Managing director · since 01 septembre 2015 · 0862.505.093

Represented by SLEUYTER FRANKLIN

Ended

GRYSON RITA

Director · since 01 septembre 2015

Ended

SLEUYTER FRANKLIN

Director · since 01 septembre 2015

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/02/2020
BENAMING - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/05/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/05/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/06/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other21/12/2010
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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 2025-50,5 k €↓
2024
Annual accounts 2024-5,8 k €↓
2023
Annual accounts 202376,7 k €↓
2022
Annual accounts 202280,9 k €↑
2021
Annual accounts 202131,9 k €↑
2020
Annual accounts 2020-162,1 k €↓
2019
Annual accounts 2019-76,3 k €↓
2019
Name changeHARMONY
2018
Annual accounts 2018705,9 k €↑
2017
Annual accounts 2017-1,2 M €↓
2016
Annual accounts 201652 k €↓
2015
Annual accounts 2015931,8 k €↑
2014
Annual accounts 2014-2,1 M €↓
2013
Annual accounts 201393,4 k €↑
2012
Annual accounts 2012-21 k €↑
2011
Annual accounts 2011-39,8 k €
2011
Name changeGROUP SLEUYTER DEVELOPMENT
09/12/2010
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

Overview

What does HARMONY do?

Trend over 15 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