HAWAIIAN GROUP BELGIUM
ActiveThe computed 12-month bankruptcy probability of HAWAIIAN GROUP BELGIUM is 2.7% (moderate). The 2025 annual accounts show negative equity (€-45k) and a net result of €-36k. Equity is shrinking by ~43.6% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency37▼-4
Growth32=
Stability100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.67 against 0.84 in 2024), and equity is negative.
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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-11.2%
Return on assets
-8.9%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€45k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
11 d early
2024
20 d early
2023
30 d late
2022
396 d late
2021
761 d late
2020
662 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-36k▲ 14.7%
2024 · €-42k
2020: €-5k
2021: €-10k
2022: €-6k
2023: €-7k
2024: €-42k
2020 → 2025
Working capital
€-147k▼ 59.5%
2024 · €-92k
2020: €990k
2021: €515k
2022: €401k
2023: €260k
2024: €-92k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€46k-€40k▼ 13.7%€33k▼ 18.1%€-9k€-45k▼ 396%
Operating result€-8k-€-4k▲ 47.1%€-5k▼ 27.9%€62k€-11k
Net result€-10k-€-6k▲ 37.0%€-7k▼ 14.2%€-42k▼ 478%€-36k▲ 14.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €62k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €399k
Fixed assets
€106k▲ 24.0%
Current assets
€293k▼ 38.2%
Key figures and ratios
Solvency
-11.2%▼
2024 · -1.6%
Current ratio
0.67▼
2024 · 0.84
Quick ratio
0.67▼
2024 · 0.84
Debt / equity
-9.96▲
2024 · -63.24
ROE
79.8%▼
2024 · 463.9%
ROA
-8.9%▼
2024 · -7.5%
Debt
€444k▼
2024 · €568k
Debt ≤ 1 year
€440k▼
2024 · €566k
Income taxes
€-7k▼
2024 · €51k
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€559k€399k▼
Fixed assets21/28€86k€106k▲
Tangible fixed assets22/27€253-
Furniture and vehicles24€253-
Financial fixed assets28€85k€106k▲
Current assets29/58€474k€293k▼
Amounts receivable within one year40/41€468k€286k▼
Trade receivables40€28k-
Other amounts receivable41€440k€286k▼
Cash at bank and in hand54/58€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€559k€399k▼
Equity10/15€-9k€-45k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-70k€-106k▼
Amounts payable17/49€568k€444k▼
Amounts payable within one year42/48€566k€440k▼
Current portion of amounts payable after more than one year42€90k-
Trade debts44€29k€11k▼
Suppliers440/4€29k€11k▼
Taxes, remuneration and social security45€15k€0▼
Taxes450/3€15k€0▼
Other amounts payable47/48€432k€429k▼
Accrued charges and deferred income492/3€2k€4k▲
Income statement
Code20242025
Non-recurring operating income76A€14k-
Goods, raw materials, services and sundry goods60/61-€10k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k-
Other operating charges640/8€1k€520▼
Non-recurring operating charges66A-€253
Gross operating margin9900€79k€-10k▼
Operating profit (loss)9901€62k€-11k▼
Financial income75/76B-€4k
Recurring financial income75-€4k
Financial charges65/66B€53k€36k▼
Recurring financial charges65€53k€7k▼
Non-recurring financial charges66B-€29k
Profit (loss) for the period before taxes9903€9k€-43k▼
Income taxes67/77€51k€-7k▼
Profit (loss) for the period9904€-42k€-36k▲
Profit (loss) for the period to be appropriated9905€-42k€-36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-70k€-106k▼
Profit (loss) brought forward from the previous period14P€-29k€-70k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-09
State Gazette act
General meeting · Director appointmentGeneral meeting · Director appointment · Permanent representative12 facts ▸
State Gazette act
General meeting · Director appointment
General meeting · Director appointment · Permanent representative12 facts ▸
- General meeting, 2026-06-19
- Director appointment, Hawaiian Group International BV (bestuurder)
- Permanent representative, Mattijs Hermans
- Director appointment, Hawaiian Poké Bowl BV (bestuurder)
- Permanent representative, Ashkan Shah Mohammadi
- Director resignation, Albano Gozhina (bestuurder)
- Director resignation, Mattijs Hermans (bestuurder)
- Director resignation, Ashkan Shah Mohammadi (bestuurder)
- Director discharge, Albano Gozhina
- Director discharge, Mattijs Hermans
- Director discharge, Ashkan Shah Mohammadi
- Power of attorney, Trent Law
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 396 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 761 days late
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 662 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 directors, no change since 2026
Hawaiian Group International
CurrentDirector · since 25-11-2025 · Private limited company · perm. rep.: Mattijs Hermans
Hawaiian Poké Bowl
CurrentDirector · since 25-11-2025 · Private limited company · perm. rep.: Ashkan Shah Mohammadi
19-06-2026
GOZHINA Albano: Resigned as Director
19-06-2026
Mattijs Hermans: Resigned as Director
19-06-2026
SHAH MOHAMMADI Ashkan: Resigned as Director
25-11-2025
Hawaiian Group International: Appointed as Director
25-11-2025
Hawaiian Poké Bowl: Appointed as Director
16-07-2020
Abdullah S Alan: Resigned as Daily management
16-07-2020
Ismaïl Yagli: Resigned as Daily management
Location & real-estate footprint
Registered office, Antwerpen · 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.
Kielsbroek 42020 AntwerpenGround area
9.7 ha
Building footprint
1.3 ha
Volume, LiDAR
28,480 m³
Parcel 11809I2651/00V000, Flanders · tallest building 10.7 m. Linked by address, not a title deed.
1 establishment unit
Kielsbroek 4, 2020 Antwerpen
since 20192.298.520.413
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2651/00V000 | Flanders | 9.7 ha | 1 · 1.3 ha | 10.7 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
7 connected companiesNetwork connections
Shared corporate director
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Shared corporate director
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Shared address
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Shared address
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Show 3 more network connections
Shared address
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Shared address
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Shared address
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Ownership & control
2 partiesControl over this companysits on this company's board2
1 subsidiary · 6 locations
3 subsidiaries · 1 location
controls
HAWAIIAN GROUP BELGIUMBE 0738.606.302
Acquisitions and mergers
1 transactionTaken over by:HPB Anspach
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-12-2019
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.