HAMAL
ActiveSummary
HAMAL has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €148k and a net result of €51k. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 16% of 1747 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+1
Solvency38▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.59 against 0.56 in 2024; short-term debt: 43.9% and cash: 0.9% of total assets), and 86.7% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.3%
Return on assets
4.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 1747 sector peers (2025).
NBB · sector comparisonPosition among 1747 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
45 d late
2024
29 d late
2023
51 d early
2022
116 d late
2021
60 d late
2020
121 d late
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€148k▲ 52.8%
2024 · €97k
Total assets
€1.11M▼ 12.1%
2024 · €1.26M
Net result
€51k▲ 8,380%
2024 · €602
Working capital
€-200k▲ 17.1%
2024 · €-241k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€78k▲ 383%€3k▼ 95.6%€2k▼ 53.9%€25k▲ 1,439%€96k▲ 291%
Net result€72k▲ 468%€-12k€-28k▼ 127%€602€51k▲ 8,380%
Equity€137k▲ 110%€124k▼ 9.1%€96k▼ 22.7%€97k▲ 0.6%€148k▲ 52.8%
Total assets€855k▼ 13.8%€1.15M▲ 34.2%€1.16M▲ 1.3%€1.26M▲ 8.6%€1.11M▼ 12.1%
Debt€719k▼ 22.5%€1.02M▲ 42.4%€1.07M▲ 4.2%€1.17M▲ 9.3%€961k▼ 17.5%
Working capital€-84k▲ 21.4%€-91k▼ 8.7%€-163k▼ 79.5%€-241k▼ 47.6%€-200k▲ 17.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 291% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.11M
Fixed assets
€822k ▼ 14.4%
Current assets
€287k ▼ 4.7%
Equity and liabilities €1.11M
Equity
€148k ▲ 52.8%
Debt
€961k ▼ 17.5%
Debt's share of the balance-sheet total falls from 92.3% to 86.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€235k▲
2024 · €166k
Cash flow
€190k▲
2024 · €142k
Current ratio
0.59▲
2024 · 0.56
Debt to equity
6.51▼
2024 · 12.06
ROE
34.6%▲
2024 · 0.6%
ROA
4.6%▲
2024 · 0.0%
Interest coverage
5.41▼
2024 · 6.90
Debt ≤ 1 year
€487k▼
2024 · €542k
Debt > 1 year
€474k▼
2024 · €623k
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90k | €113k | €141k | €141k | €139k | ▼ 1.9% |
| Other operating charges640/8 | €919 | €17k | €3k | €2k | €2k | ▲ 3.4% |
| Non-recurring operating charges66A | - | €447 | €4k | - | - | - |
| Gross operating margin9900 | €169k | €134k | €150k | €168k | €237k | ▲ 41.3% |
| Operating profit (loss)9901 | €78k | €3k | €2k | €25k | €96k | ▲ 291% |
| Financial income75/76B | - | €3 | €1 | €10 | - | - |
| Recurring financial income75 | - | €3 | €1 | €10 | - | - |
| Financial charges65/66B | €7k | €16k | €30k | €24k | €43k | ▲ 80.6% |
| Recurring financial charges65 | €7k | €16k | €30k | €24k | €43k | ▲ 80.6% |
| Profit (loss) for the period before taxes9903 | €72k | €-12k | €-28k | €602 | €53k | ▲ 8,709% |
| Income taxes67/77 | - | - | - | - | €2k | - |
| Profit (loss) for the period9904 | €72k | €-12k | €-28k | €602 | €51k | ▲ 8,380% |
| Profit (loss) for the period to be appropriated9905 | €72k | €-12k | €-28k | €602 | €51k | ▲ 8,380% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €855k | €1.15M | €1.16M | €1.26M | €1.11M | ▼ 12.1% |
| Fixed assets21/28 | €749k | €960k | €926k | €960k | €822k | ▼ 14.4% |
| Tangible fixed assets22/27 | €749k | €960k | €926k | €960k | €822k | ▼ 14.4% |
| Land and buildings22 | €50k | €50k | €125k | €125k | €125k | = |
| Plant, machinery and equipment23 | €700k | €910k | €802k | €835k | €697k | ▼ 16.6% |
| Assets under construction and advance payments27 | €97 | €97 | €97 | €97 | €97 | = |
| Current assets29/58 | €106k | €187k | €236k | €302k | €287k | ▼ 4.7% |
| Stocks and contracts in progress3 | €25k | €19k | €14k | €1k | - | - |
| Stocks30/36 | €25k | €19k | €14k | €1k | - | - |
| Amounts receivable within one year40/41 | €80k | €104k | €213k | €300k | €277k | ▼ 7.5% |
| Trade receivables40 | €68k | €99k | €208k | €295k | €272k | ▼ 7.7% |
| Other amounts receivable41 | €12k | €5k | €5k | €5k | €5k | = |
| Cash at bank and in hand54/58 | - | €63k | €8k | €61 | €10k | ▲ 15,437% |
| Deferred charges and accrued income490/1 | €431 | €447 | €453 | €509 | €578 | ▲ 13.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €855k | €1.15M | €1.16M | €1.26M | €1.11M | ▼ 12.1% |
| Equity10/15 | €137k | €124k | €96k | €97k | €148k | ▲ 52.8% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | - | €62k | - | €62k | - |
| Issued capital100 | - | - | €62k | - | €62k | - |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | - | €6k | - | €6k | - |
| Reserves not available under the articles1311 | €6k | €6k | - | €6k | - | - |
| Profit (loss) carried forward14 | €68k | €56k | €28k | €28k | €79k | ▲ 180% |
| Amounts payable17/49 | €719k | €1.02M | €1.07M | €1.17M | €961k | ▼ 17.5% |
| Amounts payable after more than one year17 | €529k | €745k | €667k | €623k | €474k | ▼ 23.8% |
| Financial debts170/4 | €529k | €745k | €667k | €623k | €474k | ▼ 23.8% |
| Amounts payable within one year42/48 | €189k | €278k | €399k | €542k | €487k | ▼ 10.2% |
| Current portion of amounts payable after more than one year42 | €86k | €142k | €177k | €210k | €203k | ▼ 3.0% |
| Trade debts44 | €48k | €36k | €139k | €181k | €166k | ▼ 8.3% |
| Suppliers440/4 | €48k | €36k | €139k | €181k | €166k | ▼ 8.3% |
| Taxes, remuneration and social security45 | - | - | €2k | €6k | €15k | ▲ 129% |
| Taxes450/3 | - | - | €2k | €6k | €15k | ▲ 129% |
| Other amounts payable47/48 | €56k | €101k | €80k | €146k | €103k | ▼ 29.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72k | €-12k | €-28k | €602 | €51k | ▲ 8,380% |
| + Depreciation and write-downs630 | €90k | €113k | €141k | €141k | €139k | ▼ 1.9% |
| Operating cash flow (approximation) | €161k | €101k | €112k | €142k | €190k | ▲ 33.7% |
| Investment in fixed assets (approximation) | - | €-324k | €-107k | €-175k | €0 | ▲ 100% |
| Change in cash | - | - | €-55k | €-8k | €9k | ▲ 218% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 45 days late
2025
31-12
Financial
Equity above €100kEq €148k ▲52.8%
2 profitable years in a row build equity to €148k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €602
Net result €602 after 2 loss-making years.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 116 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Highest result since 2018net €72k ▲468%
Net result €72k, the highest in the series.
31-12
Financial
Equity above €100kEq €137k ▲110%
2 profitable years in a row build equity to €137k.
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
Show earlier events
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Seneffe · 1 establishment unit since 2001
Ground area
1,967 m²
Building footprint
200 m²
Parcel 52020C0481/00E000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue Saint Antoine 32, 7181 Seneffe
since 20012.017.375.118
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52020C0481/00E000 | Wallonia | 1,967 m² | 1 · 200 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSeneffe2.017.375.118
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ANTHESIS
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JADOUL C. L. O.
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Of 5,169 companies in sector 01110 we hold annual accounts for 614. 484 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-01-1980
Fiscal year end31-12
Activities, NACEBEL 2025
01110Growing of cereals (except rice), leguminous crops and oil seeds
Scores and ratios are computed by Checked and are not a credit decision.