WI: Belgian Hawaii

Found this interesting little historical nugget while browsing wikipedia. Apparently Leopold I was interested in Hawaii in 1843 and nearly cut a deal with a holdings company for it before the company fell apart. So, suppose it hadn't. Might Hawaii become a springboard for additional Belgian colonization in Polynesia? Down the line, how does this colony stand to up to increasing American and later Japanese interests in the Pacific?
 
Maybe if the British and US (and possibly France) made a big stink about the islands, Belgium could gain them, as a neutral power, like Congo. Though that excuse alone wouldn't be nearly enough, it'd had to be in contribution to other political and economic factors.
 
I think that Hawaii would have been to much of a problem for them.

Given their small naval resources and the fact th Hawaii's wanted to be shot of imperial powers I can't see them going quietly. The USA had the troops and ships to cow the majority of the population, Belgium certainly would not.
 
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