ACTIVE

HARMONY SOLUTIONS

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Financial year 2025 · closed on 31/12/2025

Net result

28 k €

+6.5% YoY

Gross margin

39,5 k €

+12.7% YoY

Equity

197 k €

-1.4% YoY

What does HARMONY SOLUTIONS do?

HARMONY SOLUTIONS is a Private limited company incorporated in 2006. Its main activity is: Computer consultancy activities. Its registered office is in Tubize.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0882.665.356

Incorporation

24/07/2006

Legal form

Private limited company

Registered office

Esplanade des Confluents 115 box 17
1480 Tubize · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	39,5 k €	+12.7%	35,1 k €	-30.9%	50,8 k €	-2.2%	51,9 k €	-12.1%	59 k €	+54.3%	38,3 k €	+9.6%	34,9 k €	-41.9%	60 k €	+11.8%	53,7 k €	-13.3%	61,9 k €	-21.7%	79,1 k €	+66.2%	47,6 k €	+279%	-26,5 k €	-79.6%	-14,8 k €	-138%	39 k €	+118%	17,9 k €	-4.5%	18,8 k €	+161%	7,2 k €	-88.5%	62,3 k €
EBITDA	39,4 k €	+14.7%	34,3 k €	-32.0%	50,5 k €	-1.9%	51,5 k €	-12.2%	58,7 k €	+57.9%	37,2 k €	+6.6%	34,9 k €	-41.7%	59,8 k €	+11.7%	53,6 k €	-13.3%	61,8 k €	-21.6%	78,8 k €	+66.1%	47,4 k €	+276%	-27 k €	-78.9%	-15,1 k €	-166%	23 k €	+787%	2,6 k €	-85.7%	18,1 k €	+276%	4,8 k €	-92.0%	59,9 k €
Operating result	33,3 k €	+19.4%	27,9 k €	-36.7%	44,1 k €	-2.2%	45,1 k €	-13.7%	52,2 k €	+42.7%	36,6 k €	+26.9%	28,8 k €	-48.7%	56,2 k €	+10.7%	50,8 k €	-4.1%	53 k €	-27.2%	72,8 k €	+76.6%	41,2 k €	+224%	-33,1 k €	-61.3%	-20,5 k €	-206%	19,3 k €	+1784%	-1,1 k €	-108%	14 k €	+3120%	433,8 €	-99.3%	58,6 k €
Net result	28 k €	+6.5%	26,3 k €	-25.9%	35,5 k €	-1.0%	35,9 k €	-12.9%	41,2 k €	+33.3%	30,9 k €	+54.6%	20 k €	-55.9%	45,4 k €	+33.6%	33,9 k €	-6.6%	36,3 k €	-17.0%	43,8 k €	+15.8%	37,8 k €	+230%	-29 k €	-106%	-14,1 k €	-167%	21,1 k €	+2263%	894,3 €	-92.9%	12,6 k €	+428%	2,4 k €	-94.4%	42,6 k €
Balance sheet
Equity	197 k €	-1.4%	199,8 k €	-6.5%	213,7 k €	-4.4%	223,5 k €	+0.9%	221,6 k €	-6.9%	238 k €	+14.9%	207,1 k €	-13.7%	239,9 k €	+23.3%	194,5 k €	+21.1%	160,6 k €	+29.2%	124,2 k €	+54.4%	80,5 k €	+88.5%	42,7 k €	-40.4%	71,6 k €	-16.4%	85,7 k €	+32.7%	64,6 k €	+1.4%	63,7 k €	+24.5%	51,1 k €	+4.9%	48,8 k €
Total assets	293,3 k €	+2.6%	285,8 k €	-13.6%	330,9 k €	-0.9%	333,9 k €	+8.7%	307,2 k €	-14.0%	357,1 k €	-4.9%	375,4 k €	+22.3%	307,1 k €	+28.1%	239,7 k €	+13.9%	210,4 k €	+1.3%	207,7 k €	+30.4%	159,3 k €	+4.9%	151,8 k €	+6.4%	142,6 k €	+5.8%	134,9 k €	+26.2%	106,9 k €	+28.4%	83,2 k €	-9.5%	92 k €	+37.6%	66,8 k €
Cash	56,9 k €	+2771%	2 k €	-90.8%	21,6 k €	-76.9%	93,6 k €	+37.9%	67,9 k €	+187%	23,7 k €	-68.4%	75,1 k €	-43.3%	132,4 k €	+12.1%	118,2 k €	-11.3%	133,3 k €	-0.5%	134 k €	+278%	35,4 k €	+69.7%	20,9 k €	+2.5%	20,4 k €	+14236%	142 €	-98.0%	7 k €	+618%	972,5 €	-92.4%	12,9 k €	+45.5%	8,8 k €
Debts	66,7 k €	+18.4%	56,3 k €	-35.7%	87,6 k €	+8.5%	80,7 k €	+44.3%	55,9 k €	-37.4%	89,4 k €	-33.6%	134,5 k €	+258%	37,5 k €	+141%	15,6 k €	-21.9%	19,9 k €	-62.8%	53,6 k €	+15.7%	46,3 k €	-38.4%	75,2 k €	+81.8%	41,3 k €	+112%	19,5 k €	-29.0%	27,4 k €	+40.5%	19,5 k €	-52.0%	40,7 k €	+125%	18 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Thibault HERARD

Mandate

Active

Yvonne MACHADO NORY

Mandate

Active

Ended mandates

THIBAULT HERARD

Director · since 26 octobre 2022

Ended

MICHEL MACHADO

Manager · since 25 janvier 2014

Ended

MICHEL MACHADO

Manager

Ended

NORY MACHADO

Director · until 26 octobre 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	24/08/2026	05/08/2025	03/07/2024	03/07/2023	11/07/2022	18/08/2021
General meeting	11/08/2026	31/07/2025	02/07/2024	30/06/2023	24/06/2022	17/08/2021
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
Micro model	31/12/2025	11/08/2026	24/08/2026	French	PDF
Micro model	31/12/2024	31/07/2025	05/08/2025	French	PDF
Micro model	31/12/2023	02/07/2024	03/07/2024	French	PDF
Micro model	31/12/2022	30/06/2023	03/07/2023	French	PDF
Micro model	31/12/2021	24/06/2022	11/07/2022	French	PDF
Micro model	31/12/2020	17/08/2021	18/08/2021	French	PDF
Micro model	31/12/2019	17/08/2020	04/09/2020	French	PDF
Micro model	31/12/2018	11/06/2019	02/07/2019	French	PDF
Micro model	31/12/2017	24/07/2018	31/07/2018	French	PDF
Micro model	31/12/2016	01/06/2017	30/06/2017	French	PDF
Abridged model	31/12/2015	01/06/2016	05/07/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	01/07/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	05/06/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	08/07/2013	French	PDF
Abridged model	31/12/2011	02/06/2012	27/07/2012	French	PDF
Abridged model	31/12/2010	31/05/2011	21/06/2011	French	PDF
Abridged modelCorrection	31/12/2009	30/06/2010	14/09/2010	French	PDF
Abridged model	31/12/2009	02/06/2010	05/07/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	12/08/2009	French	PDF
Abridged model	31/12/2007	04/06/2008	23/07/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 9 ended

Active mandates

Thibault HERARD

Mandate

Active

Yvonne MACHADO NORY

Mandate

Active

Ended mandates

THIBAULT HERARD

Director · since 26 octobre 2022

Ended

MICHEL MACHADO

Manager · since 25 janvier 2014

Ended

MICHEL MACHADO

Manager

Ended

NORY MACHADO

Director · until 26 octobre 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office13/05/2024
SIEGE SOCIAL
PDF
Mandates18/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - OBJET
PDF
Mandates01/12/2022
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates29/08/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates20/02/2014
DEMISSIONS, NOMINATIONS
PDF
Registered office04/12/2013
SIEGE SOCIAL
PDF
Registered office28/08/2009
SIEGE SOCIAL
PDF
Other02/08/2006
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202528 k €↑
2024
Annual accounts 202426,3 k €↓
2023
Annual accounts 202335,5 k €↓
2022
Annual accounts 202235,9 k €↓
2022
Name changeHARMONY SOLUTION
2021
Annual accounts 202141,2 k €↑
2021
Name changeHARMONY SOLUTIONS
2020
Annual accounts 202030,9 k €↑
2019
Annual accounts 201920 k €↓
2018
Annual accounts 201845,4 k €↑
2017
Annual accounts 201733,9 k €↓
2016
Annual accounts 201636,3 k €↓
2015
Annual accounts 201543,8 k €↑
2014
Annual accounts 201437,8 k €↑
2013
Annual accounts 2013-29 k €↓
2012
Annual accounts 2012-14,1 k €↓
2011
Annual accounts 201121,1 k €↑
2010
Annual accounts 2010894,3 €↓
2009
Annual accounts 200912,6 k €↑
2008
Annual accounts 20082,4 k €↓
2007
Annual accounts 200742,6 k €
24/07/2006
IncorporationPrivate 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 SOLUTIONS

Overview

What does HARMONY SOLUTIONS do?

Trend over 19 financial years

Indicative valuation

Board of directors

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