HANAREST
ActiveSummary
HANAREST has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.2m and a net result of €363,142. Equity has been growing by about 21% per year since 2018. Its solvency ranks better than 70% of 10,818 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-12-2017 Normal situation
- Activity
- Business and other management consultancy NACE 70200
- Establishment unit
- 2.270.477.317 3583 Beringen, since 08-12-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2024
Board and ownership
- HAENEN NancyDirector
- Holdings
- Shares in 8 companies including AXERO and DIPLUS
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €681,952
- ▼ 44.7%
- Turnover
- ≈ €1.0m
- estimated
- Profit
- €363,142
- ▼ 76.6%
- Equity
- €6.2m
- ▼ 9.3%
- Total assets
- €8.4m
- ▼ 10.5%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.97, cash €18,165, halvedLast filed accounts filed 31 days late; 1 of the last 3 accounts latelowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €8.4mShow the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 70% of them on solvency, 28% on liquidity, 47% on profitability and 15% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00468622.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 8 filings
Every figure per financial year
The operating result for 2025 is 46% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €45,416 | €23,323 | €5,553 | €60,365 | €34,400 |
| Financial fixed assets | - | €50,000 | €998,368 | €132 | - |
| Depreciation and write-downs of the year | €18,669 | €20,055 | €22,974 | €22,678 | €24,461 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €3,855 awarded · €3,855 paid| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €0.001m | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 7.9% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.004m | €0.003m | €0.006m | €0.003m | ▼ 48.0% |
| Gross operating margin9900 | €0.3m | €0.5m | €0.9m | €2.6m | €1.2m | €1.3m | €1.2m | €0.7m | ▼ 44.7% |
| Operating profit (loss)9901 | €0.3m | €0.5m | €0.9m | €2.5m | €1.2m | €1.3m | €1.2m | €0.7m | ▼ 45.7% |
| Financial income75/76B | - | - | - | €186 | €0.006m | €0.009m | €0.8m | €0.01m | ▼ 98.1% |
| Recurring financial income75 | €0.002m | €1 | - | €186 | €0.006m | €0.009m | €0.8m | €0.01m | ▼ 98.1% |
| Financial charges65/66B | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 33.6% |
| Recurring financial charges65 | €0.01m | €0.03m | €0.08m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 33.6% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.6m | €0.8m | €2.4m | €1.1m | €1.2m | €1.9m | €0.5m | ▼ 72.1% |
| Income taxes67/77 | €0.1m | €0.1m | €0.2m | €0.6m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 49.1% |
| Profit (loss) for the period9904 | €0.2m | €0.4m | €0.6m | €1.8m | €0.8m | €0.9m | €1.6m | €0.4m | ▼ 76.6% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.4m | €0.6m | €1.8m | €0.8m | €0.9m | €1.6m | €0.4m | ▼ 76.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.4m | €5.8m | €6.3m | €8.5m | €7.8m | €9.2m | €9.4m | €8.4m | ▼ 10.5% |
| Fixed assets21/28 | €2.3m | €5.1m | €5.5m | €5.5m | €5.5m | €6.5m | €6.5m | €6.5m | ▲ 0.2% |
| Tangible fixed assets22/27 | - | €0.008m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 2.8% |
| Land and buildings22 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 4.9% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.02m | €0.01m | €0.03m | €0.06m | ▲ 92.2% |
| Furniture and vehicles24 | - | - | - | €0.009m | €0.01m | €0.01m | €0.008m | €0.005m | ▼ 40.0% |
| Financial fixed assets28 | €2.3m | €5.1m | €5.1m | €5.1m | €5.2m | €6.2m | €6.2m | €6.2m | = |
| Current assets29/58 | €0.1m | €0.7m | €0.8m | €3.0m | €2.3m | €2.7m | €2.8m | €1.8m | ▼ 34.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €0.3m | €0.8m | €0.8m | €0.8m | ▲ 4.9% |
| Other amounts receivable291 | - | - | - | - | €0.3m | €0.8m | €0.8m | €0.8m | ▲ 4.9% |
| Amounts receivable within one year40/41 | €0.05m | €0.1m | €0.4m | €2.2m | €0.5m | €1.2m | €1.3m | €0.4m | ▼ 71.7% |
| Trade receivables40 | - | - | - | €2.1m | €0.08m | €0.9m | €0.8m | €0.1m | ▼ 83.8% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.4m | €0.3m | €0.6m | €0.2m | ▼ 55.6% |
| Current investments50/53 | - | - | €0.2m | €0.2m | €0.5m | €0.6m | €0.7m | €0.6m | ▼ 5.7% |
| Cash at bank and in hand54/58 | €0.07m | €0.5m | €0.1m | €0.6m | €0.9m | €0.08m | €0.05m | €0.02m | ▼ 62.4% |
| Deferred charges and accrued income490/1 | - | - | - | €98 | €0.001m | €0.03m | €0.03m | €0.01m | ▼ 66.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.4m | €5.8m | €6.3m | €8.5m | €7.8m | €9.2m | €9.4m | €8.4m | ▼ 10.5% |
| Equity10/15 | €0.7m | €1.8m | €2.3m | €4.1m | €4.6m | €5.5m | €6.8m | €6.2m | ▼ 9.3% |
| Contributions10/11 | €0.6m | €1.2m | - | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €0.2m | €0.6m | €1.2m | €3.0m | €3.5m | €4.3m | €5.7m | €5.0m | ▼ 11.3% |
| Distributable reserves133 | - | - | - | €3.0m | €3.5m | €4.3m | €5.7m | €5.0m | ▼ 11.3% |
| Amounts payable17/49 | €1.6m | €4.0m | €4.0m | €4.4m | €3.2m | €3.7m | €2.5m | €2.2m | ▼ 13.7% |
| Amounts payable after more than one year17 | €1.3m | €3.1m | €2.7m | €2.1m | €1.5m | €1.3m | €0.6m | €0.3m | ▼ 59.4% |
| Financial debts170/4 | - | - | - | €2.1m | €1.5m | €1.3m | €0.6m | €0.3m | ▼ 59.4% |
| Amounts payable within one year42/48 | €0.4m | €0.9m | €1.3m | €2.3m | €1.7m | €2.4m | €1.9m | €1.9m | ▲ 1.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.6m | €0.6m | €0.7m | €0.6m | €0.4m | ▼ 41.3% |
| Financial debts43 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 43.4% |
| Credit institutions430/8 | - | - | - | - | - | - | - | €0.02m | - |
| Other loans439 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.1m | ▼ 50.6% |
| Trade debts44 | €0.004m | €0.02m | €0.006m | €0.001m | €0.06m | €0.05m | €0.08m | €0.03m | ▼ 63.2% |
| Suppliers440/4 | - | - | - | €0.001m | €0.06m | €0.05m | €0.08m | €0.03m | ▼ 63.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.1m | €0.02m | €0.02m | €0.02m | ▲ 4.5% |
| Taxes450/3 | - | - | - | €0.2m | €0.1m | €0.02m | €0.02m | €0.02m | ▲ 4.5% |
| Other amounts payable47/48 | - | - | - | €1.0m | €0.6m | €1.4m | €0.8m | €1.3m | ▲ 56.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.001m | €0.01m | €0.01m | €0.005m | ▼ 65.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.4m | €0.6m | €1.8m | €0.8m | €0.9m | €1.6m | €0.4m | ▼ 76.6% |
| + Depreciation and write-downs630 | - | €0.001m | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 7.9% |
| Operating cash flow (approximation) | €0.2m | €0.4m | €0.6m | €1.8m | €0.8m | €0.9m | €1.6m | €0.4m | ▼ 75.4% |
| Investment in fixed assets (approximation) | - | -€2.9m | -€0.4m | -€0.004m | -€0.07m | -€1.0m | -€0.02m | -€0.03m | ▼ 73.9% |
| Change in cash | - | €0.5m | -€0.4m | €0.5m | €0.3m | -€0.9m | -€0.03m | -€0.03m | ▼ 11.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00468622 | |
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00432582 | |
| 31-12-2023 | abbreviated format | 19-07-2024 | 2024-00261520 | |
| 31-12-2022 | abbreviated format | 20-07-2023 | 2023-00253148 | |
| 31-12-2021 | abbreviated format | 20-07-2022 | 2022-20203654 | |
| 31-12-2020 | abbreviated format | 23-07-2021 | 2021-39100600 | |
| 31-12-2019 | abbreviated format | 20-07-2020 | 2020-32000271 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-56200437 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
Holdings and subsidiaries
8 holdingsHoldings 8
Source for every holding own accounts 2025
- AXEROsubsidiaryEquity €343,673 Loss of €43,374 in 2025 (profit of €6,909 in 2024) Checked score 62100%
- DIPLUSsubsidiaryEquity €254,911 Loss of €63,196 in 2025 (profit of €14,651 in 2024) Checked score 64100%
- FRESOsubsidiaryEquity -€64,823 Loss of €188,055 in 2025 (profit of €3,951 in 2024) Checked score 33100%
- LEXHAMsubsidiaryEquity €35,510 Loss of €153,611 in 2025 (loss of €78,268 in 2024) Checked score 46100%
- NDABE ALOHAsubsidiaryEquity -€85,299 Loss of €42,783 in 2025 (loss of €43,407 in 2024) Checked score 53100%
- SPIKERESTsubsidiaryEquity €185,622 Loss of €174,501 in 2025 (profit of €13,295 in 2024) Checked score 51100%
- STONARESTsubsidiaryEquity €423,685 Profit of €30,900 in 2025 (profit of €15,084 in 2024) Checked score 52100%
- TJrestsubsidiaryEquity €30,844 Loss of €108,130 in 2025 (loss of €261,026 in 2024) Checked score 35100%
Board mandates elsewhere
1 board mandateCompanies at the same address
1 other companyConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
21-09
Gazette deed
Registered office moved from Hasselt to BeringenNew seat: Diestersesteenweg 168 te B-3583 Beringen · Previous seat: Thonissenlaan 110 bus 7 te B-3500 Hasselt2 points ▸
- General meeting, 01-09-2022
- Registered-office move, Diestersesteenweg 168 te B-3583 Beringen
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Thonissenlaan 110 bus 7 te B, 3500 Hasselt until 01-09-2022 · act of 21-09-2022
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71382C0273/00E000 | Flanders | 1,300 m² | 1 · 238 m² | 6.0 m · 2 |