HAL
Annual accounts 2025
micro format, filed on 26-05-2026, 66 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €92,000. Estimated: probably between €55,000 and €130,000.
Balance sheet
balance sheet total €646,195 on 31-12-2025in euro
in euro
Position in the sector
42.2%
Higher than 39% of 41,211 companies in 2025.
0.11
Lower than 95% of 39,782 companies in 2025.
-1.2%
Higher than 16% of 40,303 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
646,195 | 654,947 | |
21/28 |
603,976 | 624,861 | |
22/27 |
603,976 | 624,861 | |
22 |
603,683 | 624,247 | |
24 |
293 | 614 | |
29/58 |
42,220 | 30,085 | |
40/41 |
0 | 1,540 | |
41 |
0 | 1,540 | |
50/53 |
15,256 | 15,138 | |
54/58 |
22,845 | 9,420 | |
490/1 |
4,118 | 3,987 | |
| Balance sheet: equity and liabilities | |||
10/49 |
646,195 | 654,947 | |
10/15 |
272,467 | 280,423 | |
10/11 |
368,000 | 368,000 | |
14 |
-95,533 | -87,577 | |
16 |
- | 0 | |
160/5 |
- | 0 | |
164/5 |
- | 0 | |
17/49 |
373,728 | 374,524 | |
42/48 |
373,728 | 374,524 | |
44 |
560 | 1,195 | |
440/4 |
560 | 1,195 | |
45 |
1,391 | 130 | |
450/3 |
1,391 | 130 | |
47/48 |
371,777 | 373,198 | |
| Income statement | |||
9900 |
31,581 | 15,527 | |
630 |
33,672 | 35,069 | |
640/8 |
4,194 | 4,152 | |
9901 |
-6,285 | -23,693 | |
75/76B |
168 | 135 | |
75 |
168 | 135 | |
65/66B |
398 | 148 | |
65 |
398 | 148 | |
9903 |
-6,514 | -23,706 | |
67/77 |
1,442 | 184 | |
9904 |
-7,956 | -23,890 | |
9905 |
-7,956 | -23,890 | |
| Appropriation of the result | |||
9906 |
-95,533 | -87,577 | |
14P |
-87,577 | -63,687 | |
| Document | |||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 26-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 27,388 | 11,375 | ||
| 25,717 | 11,179 | ||
| 12,787 | 16,540 | ||
| 13,425 | - | ||
| -331,509 | -344,438 | ||
| 42.2% | 42.8% | ||
| 0.11 | 0.08 | ||
| 1.37 | 1.34 | ||
| -2.9% | -8.5% | ||
| -1.2% | -3.6% | ||
| 68.82 | 76.91 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €12,787 | €16,540 |
| €33,672 | €35,069 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on HAL
The operating result for 2025 is a loss of €6,285, smaller than the loss of €23,693 in 2024.
Debt's share of the balance-sheet total rises from 57.2% to 57.8%. Equity and debt are lower.