HISAR CONSTRUCT
ActiveHISAR CONSTRUCT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €186k and a net result of €48k. Equity is growing by ~45.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
76
/ 100
Excellent▼ -2 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency45▼-2
Growth85=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.34 in 2023), and 75.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
19 d late
2022
24 d early
2021
23 d early
2020
28 d late
2019
29 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€3.21M▲ 85.4%
2021 · €1.73M
2019: €80k
2020: €779k
2021: €1.73M
2019 → 2022
EBIT margin
1.2%▼ 2.0pp
2021 · 3.2%
2019: 8.3%
2020: 0.8%
2021: 3.2%
2019 → 2022
Net result
€48k▲ 63.6%
2023 · €30k
2019: €7k
2020: €5k
2021: €40k
2022: €38k
2023: €30k
2019 → 2024
Working capital
€153k▲ 17.5%
2023 · €130k
2019: €20k
2020: €24k
2021: €60k
2022: €95k
2023: €130k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€779k-€1.73M▲ 122%€3.21M▲ 85.4%
Equity€24k-€64k▲ 166%€102k▲ 58.6%€137k▲ 34.6%€186k▲ 35.4%
Operating result€6k-€55k▲ 770%€39k▼ 29.5%€72k▲ 86.3%€73k▲ 1.9%
Net result€5k-€40k▲ 791%€38k▼ 6.2%€30k▼ 21.3%€48k▲ 63.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 2% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €747k
Fixed assets
€155k▲ 2,108%
Current assets
€593k▲ 14.8%
Equity and liabilities €747k
Equity
€186k▲ 35.4%
Debt
€562k▲ 45.4%
The debt ratio rises from 73.8% to 75.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€89k▲
2023 · €75k
Cash flow
€64k▲
2023 · €32k
Solvency
24.8%▼
2023 · 26.2%
Current ratio
1.35▲
2023 · 1.34
Quick ratio
1.35▲
2023 · 1.34
Debt / equity
3.03▲
2023 · 2.82
ROE
26.1%▲
2023 · 21.6%
ROA
6.5%▲
2023 · 5.7%
Interest coverage
12.87▼
2023 · 15.23
Debt
€562k▲
2023 · €386k
Debt ≤ 1 year
€440k▲
2023 · €386k
Debt > 1 year
€122k
Income taxes
€18k▼
2023 · €38k
Staff costs
€131k▲
2023 · €74k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€524k€747k▲
Fixed assets21/28€7k€155k▲
Tangible fixed assets22/27€5k€153k▲
Plant, machinery and equipment23-€63k
Furniture and vehicles24€5k€90k▲
Financial fixed assets28€2k€2k=
Current assets29/58€517k€593k▲
Amounts receivable within one year40/41€461k€499k▲
Trade receivables40€276k€496k▲
Other amounts receivable41€185k€3k▼
Current investments50/53-€0
Cash at bank and in hand54/58€56k€79k▲
Deferred charges and accrued income490/1-€15k
Equity and liabilities
Total equity and liabilities10/49€524k€747k▲
Equity10/15€137k€186k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€119k€167k▲
Amounts payable17/49€386k€562k▲
Amounts payable after more than one year17-€122k
Financial debts170/4-€122k
Amounts payable within one year42/48€386k€440k▲
Current portion of amounts payable after more than one year42-€33k
Trade debts44€349k€351k▲
Suppliers440/4€349k€351k▲
Taxes, remuneration and social security45€37k€55k▲
Taxes450/3€23k€34k▲
Remuneration and social security454/9€14k€21k▲
Other amounts payable47/48-€125
Income statement
Code20232024
Remuneration, social security and pensions62€74k€131k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€15k▲
Other operating charges640/8€16k€7k▼
Non-recurring operating charges66A€4k€106k▲
Gross operating margin9900€168k€332k▲
Operating profit (loss)9901€72k€73k▲
Financial income75/76B€754€301▼
Recurring financial income75€754€301▼
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€68k€67k▼
Income taxes67/77€38k€18k▼
Profit (loss) for the period9904€30k€48k▲
Profit (loss) for the period to be appropriated9905€30k€48k▲
Appropriation of the result
Profit (loss) to be appropriated9906€119k€167k▲
Profit (loss) brought forward from the previous period14P€89k€119k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Highest result since 2019net €48k ▲63.6%
Operating result €73k, net result €48k, both a record.
31-12
Financial
Equity above €150kEq €186k ▲35.4%
6 profitable years in a row build equity to €186k.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €102k ▲58.6%
4 profitable years in a row build equity to €102k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
31-12
Financial
Weakest financial yearnet €5k ▼32.1%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
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 2023
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.
04-12-2023
KOCYIGIT Huseyin: Resigned as Director
04-12-2023
KOCYIGIT Tunahan: Resigned as Director
Location & real-estate footprint
Registered office, Zaventem · 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.
Stationsstraat 201930 ZaventemGround area
3,435 m²
Building footprint
1,089 m²
Volume, LiDAR
1,148 m³
2 parcels, Flanders · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
HISAR CONSTRUCT
since 20192.285.210.330
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0050/00D002 | Flanders | 3,188 m² | 1 · 1,004 m² | - |
| 23772C0096/00S000 | Flanders | 246 m² | 1 · 84 m² | 16.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
13 categoriesHISAR CONSTRUCT BV40199
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 12,128 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-07-2018
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:hisarconstruct@gmail.com
Phone:0488799940