ACTIVE

HARLI

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Financial year 2025 · closed on 31/12/2025

Net result

14,8 k €

-31.4% YoY

Gross margin

25,6 k €

-19.3% YoY

Equity

87,3 k €

+20.4% YoY

What does HARLI do?

HARLI is a Private limited company incorporated in 1989. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.146.327

Incorporation

11/08/1989

Legal form

Private limited company

Registered office

Avenue Hamoir 25
1180 Uccle · BruxellesSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	25,6 k €	-19.3%	31,8 k €	+198%	10,7 k €	-64.8%	30,3 k €	-10.5%	33,8 k €	+99.0%	17 k €	+2.8%	16,5 k €	-17.3%	20 k €	+3.1%	19,4 k €	-32.8%	28,9 k €	-11.9%	32,8 k €	+0.9%	32,5 k €	-27.3%	44,7 k €	-17.6%	54,3 k €	+8.1%	50,2 k €	+0.2%	50,1 k €	+22.7%	40,8 k €	+13.2%	36 k €	-7.3%	38,9 k €	+3.4%	37,6 k €
EBITDA	21,8 k €	-22.3%	28,1 k €	+304%	6,9 k €	-74.3%	27 k €	-1.3%	27,4 k €	+97.7%	13,9 k €	+1.9%	13,6 k €	-8.7%	14,9 k €	-9.1%	16,4 k €	-37.1%	26,1 k €	-12.8%	29,9 k €	+1.0%	29,6 k €	-28.3%	41,3 k €	-19.8%	51,5 k €	+7.2%	48 k €	+0.2%	48 k €	+24.0%	38,7 k €	+13.8%	34 k €	-7.8%	36,9 k €	+3.3%	35,7 k €
Operating result	20,9 k €	-24.1%	27,5 k €	+383%	5,7 k €	-75.5%	23,3 k €	-1.5%	23,6 k €	+146%	9,6 k €	+2.7%	9,4 k €	-12.2%	10,7 k €	+20.1%	8,9 k €	-59.3%	21,8 k €	-14.9%	25,7 k €	+1.1%	25,4 k €	-31.5%	37,1 k €	-20.5%	46,6 k €	+17.8%	39,6 k €	-1.0%	40 k €	+30.3%	30,7 k €	+18.0%	26 k €	-10.0%	28,9 k €	+4.2%	27,7 k €
Net result	14,8 k €	-31.4%	21,5 k €	+337%	4,9 k €	-70.8%	16,8 k €	-1.7%	17,1 k €	+148%	6,9 k €	+3.4%	6,7 k €	-11.8%	7,6 k €	+21.2%	6,2 k €	-57.9%	14,8 k €	-17.4%	17,9 k €	-1.6%	18,2 k €	-32.1%	26,8 k €	-42.4%	46,6 k €	+17.7%	39,6 k €	-0.9%	40 k €	+29.9%	30,8 k €	+17.4%	26,2 k €	+0.5%	26,1 k €	+37.8%	18,9 k €
Balance sheet
Equity	87,3 k €	+20.4%	72,5 k €	-44.7%	131 k €	+3.9%	126,1 k €	+15.4%	109,3 k €	+18.6%	92,2 k €	+8.1%	85,3 k €	+8.5%	78,6 k €	-51.2%	161 k €	+4.0%	154,8 k €	-0.1%	155 k €	+1.3%	153,1 k €	+2.2%	149,8 k €	+4.8%	143 k €	+8.9%	131,4 k €	-0.3%	131,7 k €	+5.6%	124,7 k €	+0.6%	124 k €	+4.0%	119,2 k €	+8.2%	110,2 k €
Total assets	102,8 k €	-36.1%	161 k €	+12.8%	142,6 k €	+2.0%	139,9 k €	+18.0%	118,6 k €	+19.2%	99,5 k €	+1.2%	98,3 k €	+20.2%	81,8 k €	-51.0%	167 k €	+1.3%	164,8 k €	+0.2%	164,5 k €	-7.1%	177 k €	-2.6%	181,7 k €	+1.2%	179,6 k €	+17.6%	152,7 k €	-8.2%	166,3 k €	+17.7%	141,3 k €	-3.9%	147 k €	-1.5%	149,3 k €	+10.1%	135,6 k €
Cash	6,4 k €	-36.5%	10,1 k €	-36.8%	16 k €	-85.9%	114 k €	+136%	48,4 k €	+45.1%	33,3 k €	-40.3%	55,9 k €	+38.1%	40,4 k €	-62.6%	108,3 k €	-5.9%	115 k €	+4.2%	110,4 k €	-6.3%	117,9 k €	-0.4%	118,4 k €	+4.9%	112,9 k €		–		90,3 k €	+62.6%	55,5 k €	-0.2%	55,6 k €	+11.5%	49,9 k €	+87.5%	26,6 k €
Debts	15,5 k €	-82.4%	88,5 k €	+661%	11,6 k €	-15.7%	13,8 k €	+48.0%	9,3 k €	+27.4%	7,3 k €	-43.8%	13 k €	+307%	3,2 k €	-31.5%	4,7 k €	-53.5%	10 k €	+5.8%	9,5 k €	-60.4%	23,9 k €	-24.9%	31,9 k €	-13.0%	36,7 k €	+71.6%	21,4 k €	-38.3%	34,6 k €	+108%	16,6 k €	-28.1%	23,1 k €	-23.3%	30,1 k €	+18.0%	25,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 18 ended

Active mandates

David Selinger

Managing director · since 31 mars 2023

Active

Jacques Selinger

Managing director · since 31 mars 2023

Active

Ended mandates

DAVID SELINGER

Director · since 22 juin 2020 · until 21 juin 2026

Ended

JACQUES SELINGER

Director · since 22 juin 2020 · until 21 juin 2026

Ended

JACQUES SELINGER

Managing director · since 22 juin 2020 · until 21 juin 2026

Ended

DAVID SELINGER

Director · since 03 avril 2019 · until 22 juin 2020

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/07/2026	11/08/2025	24/07/2024	31/07/2023	28/07/2022	30/07/2021
General meeting	22/06/2026	23/06/2025	24/06/2024	26/06/2023	21/06/2022	21/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/06/2026	23/07/2026	French	PDF
Abridged model	31/12/2024	23/06/2025	11/08/2025	French	PDF
Abridged model	31/12/2023	24/06/2024	24/07/2024	French	PDF
Micro model	31/12/2022	26/06/2023	31/07/2023	French	PDF
Abridged model	31/12/2021	21/06/2022	28/07/2022	French	PDF
Abridged model	31/12/2020	21/06/2021	30/07/2021	French	PDF
Abridged model	31/12/2019	22/06/2020	31/07/2020	French	PDF
Micro model	31/12/2018	01/03/2019	12/03/2019	French	PDF
Micro model	31/12/2017	01/03/2018	26/06/2018	French	PDF
Micro model	31/12/2016	26/06/2017	30/06/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	11/07/2016	French	PDF
Abridged model	31/12/2014	22/06/2015	25/06/2015	French	PDF
Abridged model	31/12/2013	23/06/2014	08/07/2014	French	PDF
Abridged model	31/12/2012	24/06/2013	01/07/2013	French	PDF
Abridged model	31/12/2011	25/06/2012	12/07/2012	French	PDF
Abridged model	31/12/2010	27/06/2011	06/07/2011	French	PDF
Abridged model	31/12/2009	28/06/2010	02/07/2010	French	PDF
Abridged model	31/12/2008	22/06/2009	23/06/2009	French	PDF
Abridged model	31/12/2007	23/06/2008	11/07/2008	French	PDF
Abridged model	31/12/2006	25/06/2007	09/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 18 ended

Active mandates

David Selinger

Managing director · since 31 mars 2023

Active

Jacques Selinger

Managing director · since 31 mars 2023

Active

Ended mandates

DAVID SELINGER

Director · since 22 juin 2020 · until 21 juin 2026

Ended

JACQUES SELINGER

Director · since 22 juin 2020 · until 21 juin 2026

Ended

JACQUES SELINGER

Managing director · since 22 juin 2020 · until 21 juin 2026

Ended

DAVID SELINGER

Director · since 03 avril 2019 · until 22 juin 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/04/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202514,8 k €↓
2024
Annual accounts 202421,5 k €↑
2023
Annual accounts 20234,9 k €↓
2022
Annual accounts 202216,8 k €↓
2021
Annual accounts 202117,1 k €↑
2020
Annual accounts 20206,9 k €↑
2019
Annual accounts 20196,7 k €↓
2018
Annual accounts 20187,6 k €↑
2017
Annual accounts 20176,2 k €↓
2016
Annual accounts 201614,8 k €↓
2015
Annual accounts 201517,9 k €↓
2014
Annual accounts 201418,2 k €↓
2013
Annual accounts 201326,8 k €↓
2012
Annual accounts 201246,6 k €↑
2011
Annual accounts 201139,6 k €↓
2010
Annual accounts 201040 k €↑
2009
Annual accounts 200930,8 k €↑
2008
Annual accounts 200826,2 k €↑
2007
Annual accounts 200726,1 k €↑
2006
Annual accounts 200618,9 k €
11/08/1989
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

HARLI

Overview

What does HARLI do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline