HANALEI
ActiveSummary
HANALEI has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €198,970 and a net result of €56,276. Equity is growing by ~7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability37▼-23
Solvency34▼-28
Growth46▼-17
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.99 against 1.51 in 2025; short-term debt: 90.4% and cash: 0% of total assets), and 91.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
8.7%
Return on assets
2.5%
Age of the figures
7 mo
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2026 was due by 30-09-2026 and was filed on 27-07-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
65 d early
2025
84 d early
2023
46 d late
2022
5 d late
2021
7 d early
2020
5 d early
2019
123 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days after the deadline; the sector median for financial year 2023 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 28-02-2027 and is due by 30-09-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
29-09-2026 today28-02-2027 close30-09-2027 deadline
History
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Financials · fiscal year 2026, full schema
In the rankings
#6 company by total assets in Waterloo, Manufacturing sector
Turnover
€4.3m▼ 24.9%
2025 · €5.7m
EBIT margin
1.6%▼ 0.3pp
2025 · 1.9%
Net result
€56,276▼ 14.3%
2025 · €65,692
Working capital
-€12,736
2025 · €431,584
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320252026
Turnover€4.8m▲ 31.5%€5.3m▲ 10.9%€4.9m▼ 7.5%€5.7m-€4.3m▼ 24.9%
Operating result€49,283▼ 1.6%€96,953▲ 96.7%€95,492▼ 1.5%€106,495-€66,579▼ 37.5%
Net result€20,977within the sector's middle half▲ 62.5%€54,349within the sector's middle half▲ 159%€53,188within the sector's middle half▼ 2.1%€65,692within the sector's middle half-€56,276▼ 14.3%
EBIT margin1.0%▼ 0.3pp1.8%▲ 0.8pp1.9%▲ 0.1pp1.9%-1.6%▼ 0.3pp
Equity€378,456within the sector's middle half▲ 5.9%€432,805within the sector's middle half▲ 14.4%€485,993within the sector's middle half▲ 12.3%€551,684within the sector's middle half-€198,970▼ 63.9%
Total assets€1.2mwithin the sector's middle half▲ 24.8%€3.1mwithin the sector's middle half▲ 149%€838,739within the sector's middle half▼ 72.6%€1.5mwithin the sector's middle half-€2.3m▲ 55.8%
Debt€852,097▲ 35.6%€2.6m▲ 209%€352,746▼ 86.6%€919,810-€2.1m▲ 128%
Working capital€379,369within the sector's middle half▲ 2.5%€167,661within the sector's middle half▼ 55.8%€248,789within the sector's middle half▲ 48.4%€431,584within the sector's middle half--€12,736
Solvency30.8%within the sector's middle half▼ 5.5pp14.1%below the sector's middle half▼ 16.6pp57.9%within the sector's middle half▲ 43.8pp37.5%within the sector's middle half-8.7%▼ 28.8pp
Current ratio1.45within the sector's middle half▼ 0.161.06below the sector's middle half▼ 0.381.71within the sector's middle half▲ 0.651.51within the sector's middle half-0.99▼ 0.52
Return on assets (ROA)1.7%within the sector's middle half▲ 0.4pp1.8%within the sector's middle half▲ 0.1pp6.3%within the sector's middle half▲ 4.6pp4.5%within the sector's middle half-2.5%▼ 2.0pp
Staff (FTE)6.5within the sector's middle half=6.5within the sector's middle half=5.7below the sector's middle half▼ 12.3%5.2below the sector's middle half-3.7▼ 28.8%
above
within
below
the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 37% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €2.3m
Fixed assets
€232,247 ▲ 15.1%
Current assets
€2.1m ▲ 62.2%
Equity and liabilities €2.3m
Equity
€198,970 ▼ 63.9%
Debt
€2.1m ▲ 128%
Debt's share of the balance-sheet total rises from 62.5% to 91.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€105,788▼
2025 · €144,875
Cash flow
€95,485▼
2025 · €104,072
Debt to equity
10.52▲
2025 · 1.67
ROE
28.3%▲
2025 · 11.9%
Debt ≤ 1 year
€2.1m▲
2025 · €838,057
Income taxes
€37,012▲
2025 · €35,335
Staff costs
€334,583▼
2025 · €587,721
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,082 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
0.8%
went bankrupt
2.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €5.0m | €5.6m | €5.2m | €6.0m | €4.3m | ▼ 27.9% |
| Turnover70 | €4.8m | €5.3m | €4.9m | €5.7m | €4.3m | ▼ 24.9% |
| Other operating income74 | €164,920 | €277,392 | €260,610 | €292,229 | €40,663 | ▼ 86.1% |
| Non-recurring operating income76A | - | €8,898 | - | - | €1,689 | - |
| Operating charges60/66A | €4.9m | €5.5m | €5.1m | €5.9m | €4.2m | ▼ 27.7% |
| Goods for resale, raw materials and consumables60 | €3.3m | €4.0m | €3.4m | €3.9m | €2.0m | ▼ 48.8% |
| Purchases600/8 | €3.3m | €4.0m | €3.4m | €3.9m | €2.0m | ▼ 48.8% |
| Services and other goods61 | €632,453 | €612,934 | €711,545 | €770,426 | €1.8m | ▲ 140% |
| Remuneration, social security and pensions62 | €477,487 | €571,785 | €484,295 | €587,721 | €334,583 | ▼ 43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €711 | €19,723 | €28,884 | €38,380 | €39,209 | ▲ 2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€118,347 | -€252,484 | -€26,451 | -€109,983 | -€19,531 | ▲ 82.2% |
| Other operating charges640/8 | €637,812 | €586,214 | €512,601 | €623,292 | €20,476 | ▼ 96.7% |
| Non-recurring operating charges66A | - | - | - | €17,708 | €0 | ▼ 100% |
| Operating profit (loss)9901 | €49,283 | €96,953 | €95,492 | €106,495 | €66,579 | ▼ 37.5% |
| Financial income75/76B | €3 | €0 | - | €9,808 | €35,699 | ▲ 264% |
| Recurring financial income75 | €3 | €0 | - | €9,808 | €35,699 | ▲ 264% |
| Income from current assets751 | - | - | - | €9,740 | €35,678 | ▲ 266% |
| Other financial income752/9 | €3 | €0 | - | €68 | €20 | ▼ 70.0% |
| Financial charges65/66B | €17,064 | €14,652 | €16,553 | €15,277 | €8,990 | ▼ 41.2% |
| Recurring financial charges65 | €17,064 | €14,652 | €16,553 | €15,277 | €8,990 | ▼ 41.2% |
| Debt charges650 | €2,449 | €8,937 | €6,618 | €2,696 | €0 | ▼ 100% |
| Other financial charges652/9 | €14,615 | €5,715 | €9,935 | €12,581 | €8,990 | ▼ 28.5% |
| Profit (loss) for the period before taxes9903 | €32,222 | €82,302 | €78,938 | €101,026 | €93,288 | ▼ 7.7% |
| Income taxes67/77 | €11,245 | €27,953 | €25,751 | €35,335 | €37,012 | ▲ 4.7% |
| Taxes670/3 | €11,245 | €27,953 | €25,780 | €35,335 | €37,012 | ▲ 4.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | €30 | €0 | - | - |
| Profit (loss) for the period9904 | €20,977 | €54,349 | €53,188 | €65,692 | €56,276 | ▼ 14.3% |
| Profit (loss) for the period to be appropriated9905 | €20,977 | €54,349 | €53,188 | €65,692 | €56,276 | ▼ 14.3% |
| Line | 2021 | 2022 | 2023 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €3.1m | €838,739 | €1.5m | €2.3m | ▲ 55.8% |
| Fixed assets21/28 | - | €269,116 | €240,233 | €201,852 | €232,247 | ▲ 15.1% |
| Intangible fixed assets21 | - | €269,116 | €240,233 | €201,852 | €172,969 | ▼ 14.3% |
| Tangible fixed assets22/27 | - | - | - | - | €59,278 | - |
| Furniture and vehicles24 | - | - | - | - | €59,278 | - |
| Current assets29/58 | €1.2m | €2.8m | €598,506 | €1.3m | €2.1m | ▲ 62.2% |
| Amounts receivable after more than one year29 | - | - | - | - | €10,200 | - |
| Other amounts receivable291 | - | - | - | - | €10,200 | - |
| Stocks and contracts in progress3 | - | €0 | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €1.1m | €2.7m | €531,207 | €989,332 | €2.0m | ▲ 106% |
| Trade receivables40 | €843,533 | €859,086 | €472,480 | €559,367 | €593,954 | ▲ 6.2% |
| Other amounts receivable41 | €275,493 | €1.8m | €58,727 | €429,964 | €1.4m | ▲ 235% |
| Cash at bank and in hand54/58 | €104,570 | €93,892 | €63,919 | €242,563 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €6,957 | €3,275 | €3,380 | €37,747 | €13,917 | ▼ 63.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €3.1m | €838,739 | €1.5m | €2.3m | ▲ 55.8% |
| Equity10/15 | €378,456 | €432,805 | €485,993 | €551,684 | €198,970 | ▼ 63.9% |
| Contributions10/11 | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Capital10 | €180,000 | €180,000 | - | - | - | - |
| Issued capital100 | €180,000 | €180,000 | - | - | - | - |
| Reserves13 | €18,970 | €18,970 | €18,970 | €18,970 | €18,970 | = |
| Non-distributable reserves130/1 | €18,970 | €18,970 | - | - | - | - |
| Legal reserve130 | €18,970 | €18,970 | - | - | - | - |
| Distributable reserves133 | - | - | €18,970 | €18,970 | €18,970 | = |
| Profit (loss) carried forward14 | €179,486 | €233,835 | €287,023 | €352,714 | €0 | ▼ 100% |
| Amounts payable17/49 | €852,097 | €2.6m | €352,746 | €919,810 | €2.1m | ▲ 128% |
| Amounts payable within one year42/48 | €851,184 | €2.6m | €349,717 | €838,057 | €2.1m | ▲ 147% |
| Trade debts44 | €630,897 | €2.4m | €200,678 | €646,128 | €1.5m | ▲ 132% |
| Suppliers440/4 | €630,897 | €2.4m | €200,678 | €646,128 | €1.5m | ▲ 132% |
| Taxes, remuneration and social security45 | €220,287 | €277,871 | €149,039 | €191,929 | €163,816 | ▼ 14.6% |
| Taxes450/3 | €111,800 | €153,182 | €57,566 | €104,502 | €85,763 | ▼ 17.9% |
| Remuneration and social security454/9 | €108,487 | €124,689 | €91,473 | €87,427 | €78,053 | ▼ 10.7% |
| Other amounts payable47/48 | - | - | - | - | €408,990 | - |
| Accrued charges and deferred income492/3 | €913 | €3,973 | €3,029 | €81,752 | €20,540 | ▼ 74.9% |
| Line | 2021 | 2022 | 2023 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,977 | €54,349 | €53,188 | €65,692 | €56,276 | ▼ 14.3% |
| + Depreciation and write-downs630 | €711 | €19,723 | €28,884 | €38,380 | €39,209 | ▲ 2.2% |
| Operating cash flow (approximation) | €21,688 | €74,072 | €82,072 | €104,072 | €95,485 | ▼ 8.3% |
| Investment in fixed assets (approximation) | - | - | €0 | - | -€69,603 | - |
| Change in cash | - | -€10,678 | -€29,972 | - | -€242,563 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
28-02
Financial
Highest result since 2018net €65,692 ▲23.5%
Net result €65,692, the highest in the series.
28-02
Financial
Equity above €500,000Eq €551,684 ▲13.5%
7 profitable years in a row build equity to €551,684.
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 46 days late
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 5 days late
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-10
Financial
Weakest financial yearnet €12,910 ▼31.3%
Net result drops to €12,910, the lowest in the series; recovery starts the following year.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 123 days late
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 24 days late
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 25 acts read
About the unread acts
We know of 25 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
25 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, Waterloo · 2 establishment units since 2001
Ground area
3.6 ha
Building footprint
2,561 m²
Volume, LiDAR
46,110 m³
3 parcels, Flanders, Wallonia · tallest building 22.9 m, ±6 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
2 establishment units
Drève Richelle 161M, 1410 Waterloo
since 20012.100.070.289
Filliersdreef 44, 9800 Deinze
since 20252.383.618.909
3 parcels
Flanders
1
(33.3%)
Wallonia
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44006C0404/00A000 | Flanders | 2.2 ha | - | - |
| 25763M0621/00F000indicative | Wallonia | 1.0 ha | 1 · 1,772 m² | 22.9 m · 6 fl. |
| 25763M0600/00R000 | Wallonia | 4,633 m² | 1 · 788 m² | 18.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- Na Pali SASFR
- HANALEI
Highest known parent: Na Pali SAS (France). The sources do not say who stands above it.
Owners 1
- Na Pali SASFRparentSourceown accounts 28-02-2026100%
Holdings 0
The accounts to 28-02-2026 list no holdings, and no other source names one.
According to the annual accounts to 28-02-2026 of HANALEI and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 194 companies in sector 32300 we hold annual accounts for 96. 68 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-12-2000
Fiscal year end28-02
Activities, NACEBEL 2025
32300Other manufacturing
46423Wholesale of clothing, excluding workwear and underwear
46150Agents in the wholesale of furniture, household goods and hardware
77210Renting and leasing of sports and recreation goods
93199Other sports activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473604181
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.