HANAREST TECHNICAL & ADMINISTRATIVE SOLUTIONS

Active

Private limited companyfounded 20196 yrs activeThonissenlaan 110, 3500 Hasselt, BelgiumKBO/BCE: BE 0738.994.696

The computed 12-month bankruptcy probability of HANAREST TECHNICAL & ADMINISTRATIVE SOLUTIONS is 3.2% (moderate). The 2025 annual accounts show equity of €17k and a net result of €959. Equity is shrinking by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 11% of 8578 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

41 / 100

Weak▼ -10 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability29▼-71

Solvency12▲+2

Growth32=

Stability100

Bankruptcy probability, 12 months

3.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity short (current ratio 0.88 against 0.83 in 2024), and 94.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

5.2%

Return on assets

0.3%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 8578 sector peers (2025).

NBB · sector comparison

Position among 8578 sector peers

Solvency

better than 11%

← weakest strongest →

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

NBB · annual accounts 2025

Equity per financial year

202122232425

2020 to 2025 · latest year €17k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 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 · 6 filings

Deviation from the deadline

2025

32 d late

2024

29 d late

2023

12 d early

2022

11 d early

2021

11 d early

2020

8 d early

← before the deadline after the deadline →

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 months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€17k▲ 6.1%

2024 · €16k

2020: €52k 2021: €57k 2022: €34k 2023: €11k 2024: €16k

2020 → 2025

Total assets

€320k▼ 21.0%

2024 · €405k

2020: €110k 2021: €184k 2022: €288k 2023: €283k 2024: €405k

2020 → 2025

Net result

€959▼ 77.6%

2024 · €4k

2020: €27k 2021: €5k 2022: €-22k 2023: €-23k 2024: €4k

2020 → 2025

Working capital

€-33k▲ 46.6%

2024 · €-62k

2020: €52k 2021: €10k 2022: €-6k 2023: €-19k 2024: €-62k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€57k-€34k▼ 39.4%€11k▼ 66.6%€16k▲ 37.2%€17k▲ 6.1%

Operating result€11k-€-17k€-12k▲ 28.4%€23k€21k▼ 6.7%

Net result€5k-€-22k€-23k▼ 2.6%€4k€959▼ 77.6%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 7% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €320k

22.0%

78.0%

Fixed assets €70k▼ 36.0%

Current assets €249k▼ 15.4%

Equity and liabilities €320k

94.8%

Equity €17k▲ 6.1%

Debt €303k▼ 22.1%

The debt ratio falls from 96.1% to 94.8%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€40k▲

2024 · €35k

Cash flow

€20k▲

2024 · €16k

Solvency

5.2%▲

2024 · 3.9%

Current ratio

0.88▲

2024 · 0.83

Quick ratio

0.88▲

2024 · 0.83

Debt / equity

18.10▼

2024 · 24.65

ROE

5.7%▼

2024 · 27.1%

ROA

0.3%▼

2024 · 1.1%

Interest coverage

3.18▲

2024 · 2.59

Debt

€303k▼

2024 · €389k

Debt ≤ 1 year

€282k▼

2024 · €357k

Debt > 1 year

€20k▼

2024 · €32k

Income taxes

€8k▲

2024 · €5k

Staff costs

€647k▼

2024 · €689k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€405k€320k▼

Fixed assets21/28€110k€70k▼

Tangible fixed assets22/27€109k€69k▼

Plant, machinery and equipment23€25k€22k▼

Furniture and vehicles24€84k€47k▼

Financial fixed assets28€950€950=

Current assets29/58€295k€249k▼

Amounts receivable within one year40/41€206k€231k▲

Trade receivables40€144k€151k▲

Other amounts receivable41€62k€81k▲

Cash at bank and in hand54/58€79k€5k▼

Deferred charges and accrued income490/1€9k€13k▲

Equity and liabilities

Total equity and liabilities10/49€405k€320k▼

Equity10/15€16k€17k▲

Contributions10/11€25k€25k=

Profit (loss) carried forward14€-9k€-8k▲

Amounts payable17/49€389k€303k▼

Amounts payable after more than one year17€32k€20k▼

Financial debts170/4€32k€20k▼

Amounts payable within one year42/48€357k€282k▼

Current portion of amounts payable after more than one year42€13k€12k▼

Financial debts43-€7k

Credit institutions430/8-€4k

Other loans439-€3k

Trade debts44€20k€65k▲

Suppliers440/4€20k€65k▲

Taxes, remuneration and social security45€102k€69k▼

Taxes450/3€26k€12k▼

Remuneration and social security454/9€76k€57k▼

Other amounts payable47/48€222k€129k▼

Income statement Code20242025

Remuneration, social security and pensions62€689k€647k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€19k▲

Other operating charges640/8€12k€4k▼

Gross operating margin9900€736k€691k▼

Operating profit (loss)9901€23k€21k▼

Financial income75/76B-€0

Recurring financial income75-€0

Financial charges65/66B€13k€13k▼

Recurring financial charges65€13k€13k▼

Profit (loss) for the period before taxes9903€10k€9k▼

Income taxes67/77€5k€8k▲

Profit (loss) for the period9904€4k€959▼

Profit (loss) for the period to be appropriated9905€4k€959▼

Appropriation of the result

Profit (loss) to be appropriated9906€-9k€-8k▲

Profit (loss) brought forward from the previous period14P€-14k€-9k▲

Social balance

Average headcount (FTE)90878.78.3▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 2Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

01-09

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 32 days late

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 29 days late

2024

31-12

Financial Back to profitnet €4k

Net result €4k after 2 loss-making years.

19-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Weakest financial yearnet €-23k

Net result drops to €-23k, the lowest in the series; recovery starts the following year.

20-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

20-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

23-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-06-2025 Resigned as Director

Location & real-estate footprint

Registered office, Hasselt · 1 establishment unit since 2019

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Thonissenlaan 1103500 Hasselt

Ground area

1,114 m²

Building footprint

241 m²

Volume, LiDAR

4,691 m³