Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
83 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
HARCO INVEST from Elsene, company number BE0476558624, closed financial year 2025 with a result of € -161,340 after tax. For that financial year HARCO INVEST recorded a gross margin of € 66,116 and equity of € -134,734. Compared with financial year 2024, the result moved from € 1,785 to € -161,340. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 2, 2026.
€ -134,734
▼ € 161,340 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -161,340
▼ still € 1,785 profit in 2024
Profit after tax over the fiscal year.
€ 771
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -198,234.
Debts at end 2025
€ 962,500
▼ 13% vs 2024
Loans from banks and other lenders, long and short.
€ 15,007
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 67,374 | € 75,179 | € 55,243 | € 66,116 | ▲ 20% |
| Profit after taxes | € 216 | € -18,051 | € 1,785 | € -161,340 | ▼ € 163,125 |
| Equity | € 42,871 | € 24,820 | € 26,605 | € -134,734 | ▼ € 161,340 |
| Total debts | € 1,784,278 | € 1,821,751 | € 1,863,062 | € 1,861,927 | |
| Cash | - | - | € 748 | € 771 | ▲ 3% |
| Land & buildings | € 534,333 | € 500,051 | € 466,542 | € 433,274 | ▼ 7% |
| Retained profit | € -20,629 | € -38,680 | € -36,895 | € -198,234 | ▼ € 161,340 |
| Bank debt | € 1,142,120 | € 1,170,629 | € 1,112,500 | € 962,500 | ▼ 13% |
| Balance sheet total | € 1,827,149 | € 1,846,571 | € 1,889,667 | € 1,727,193 | ▼ 9% |
Key figures of HARCO INVEST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to HARCO INVEST?
What happened at HARCO INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lea BABIKIAN stepped down as director. NBB
- Hrair BABIKIAN stepped down as director. NBB
- Arda MAKINADJIAN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 161,340 (▼ € 163,125 vs 2024). filed late Source: NBB ↗
- Lea BABIKIAN became a director. NBB
- Hrair BABIKIAN became a director. NBB
- Arda MAKINADJIAN became a director. NBB
- New establishment in Elsene. KBO
In short
From € 216 profit in 2022 to € 161,340 loss in 2025.
Paid € 830 in corporate taxes since 2022.
Best year ever: 2024, with € 1,785 profit.
A new publication or filing at HARCO INVEST? We notify you, reason included.
Follow HARCO INVESTDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Lea BABIKIAN
Director
since 2022 · until 2028
since 2022 · until 2028
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Louizalaan 390
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 83 companies are registered at this address.
All companies at this address →Niagara
€ -1,509 gross margin · 2025
BRUFLOR
€ 584 gross margin · 2025
BERNINFO
SILHOUETTE
€ 12,242 gross margin · 2025
I P A C
+78 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.558.624
- VAT number
- BE 0476.558.624
- Registered office
- Louizalaan 390, 1050 Elsene
- Names & denominations
- HARCO INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 January 2002
- Peppol
- Active · Active since 14 Nov 2025