HISAR CONSTRUCT
ActiveSummary
HISAR CONSTRUCT has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €261,456 and a net result of €175,781. Equity is growing by about 39% per year across the filed financial years. Its solvency ranks better than 28% of 9,348 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Activity
General construction of residential buildings
NACE 41001
1 site
Size
≈ €1.4mturnover 2025, estimated
- Staff
- ≈ 4.4 FTE, estimated
- Equity
- €261,456
- Profit
- €175,781
Turnover estimated from the gross margin
Structure
- KOCYIGIT HuseyinDirector
- KOCYIGIT TunahanDirector
2025 accounts filed 70 days late2 of 5 deeds summarised
Why 69raises riskLast filed accounts filed 70 days late; 1 of the last 3 lateSector: Construction of residential and non-residential buildings (NACE 41)lowers riskSize: total assets €1.2mLiquidity: current ratio 1.40, cash €291,587Show the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 56% of its sector peers (NACE 41, micro)
Financial strength · tick = 2024
Strong
Solvency
47-3
equity 21.6% of total assets
Liquidity
49+16
short-term debt 59.8% · cash 24.1%
Profitability
87+10
return on assets 14.5%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.9%
12-2024: 0.9%● unchanged vs 11-2024
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 1.0%▲ +0.1 percentage points vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.2%▲ +0.2 percentage points vs 06-2025
08-2025: 1.6%▲ +0.4 percentage points vs 07-2025highest value
09-2025: 0.5%▼ -1.1 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026lowest value
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.6%▲ +0.1 percentage points vs 05-2026
07-2026: 0.8%▲ +0.2 percentage points vs 06-2026
08-2026: 1.2%▲ +0.4 percentage points vs 07-2026
09-2026: 1.0%▼ -0.2 percentage points vs 08-2026
10-2026: 0.7%▼ -0.3 percentage points vs 09-2026
Credit of up to €18,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.4, compared with 1.35 in 2024, below the usual 1.5; short-term debt: 59.8% and cash: 24.1% of total assets), and 78.4% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 29% on solvency, 49% on liquidity, 71% on profitability and 76% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 70 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-10-2026, 70 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
70 days late
2024
22 days late
2023
19 days late
2022
24 days early
2021
23 days early
2020
28 days late
2019
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 August (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2019 to 2025net €175,781 ▲262%
- Equity above €200,000equity €261,456 ▲40.8%
Financials · financial year 2025, micro format
Turnover
€3.2m▲ 85.4%
2021 · €1.7m
EBIT margin
1.2%▼ 2.0pp
2021 · 3.2%
Net result
€175,781▲ 262%
2024 · €48,498
Working capital
€290,632▲ 90.0%
2024 · €152,945
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is over 3.9 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€3.2m
2022
Operating result€0.3m
2025
Net result€0.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.2m
2025
Equity€0.3m
2025
Debt€0.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin1.2%
2022
Return on assets (ROA)14.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency21.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.40
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)2.4
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€0.08m-€0.8m▲ 870%€1.7m▲ 122%€3.2m▲ 85.4%
Operating result€0.007m-€0.006m▼ 5.3%€0.05m▲ 770%€0.04m▼ 29.5%€0.07m▲ 86.3%€0.07m▲ 1.9%€0.3m▲ 292%
Net result€0.007m-€0.005mwithin the sector's middle half▼ 32.1%€0.04mabove the sector's middle half▲ 791%€0.04mabove the sector's middle half▼ 6.2%€0.03mabove the sector's middle half▼ 21.3%€0.05mabove the sector's middle half▲ 63.6%€0.2mabove the sector's middle half▲ 262%
EBIT margin8.3%-0.8%▼ 7.5pp3.2%▲ 2.3pp1.2%▼ 2.0pp
Equity€0.02m-€0.02mwithin the sector's middle half▲ 23.0%€0.06mwithin the sector's middle half▲ 166%€0.1mwithin the sector's middle half▲ 58.6%€0.1mabove the sector's middle half▲ 34.6%€0.2mabove the sector's middle half▲ 35.4%€0.3mabove the sector's middle half▲ 40.8%
Total assets€0.09m-€0.1mwithin the sector's middle half▲ 13.5%€0.3mwithin the sector's middle half▲ 189%€0.5mabove the sector's middle half▲ 82.1%€0.5mabove the sector's middle half▼ 4.5%€0.7mabove the sector's middle half▲ 42.8%€1.2mabove the sector's middle half▲ 61.7%
Debt€0.07m-€0.08m▲ 10.9%€0.2m▲ 195%€0.4m▲ 88.5%€0.4m▼ 13.4%€0.6m▲ 45.4%€0.9m▲ 68.6%
Working capital€0.02m-€0.02mwithin the sector's middle half▲ 23.0%€0.06mwithin the sector's middle half▲ 148%€0.09mabove the sector's middle half▲ 58.5%€0.1mabove the sector's middle half▲ 37.4%€0.2mabove the sector's middle half▲ 17.5%€0.3mabove the sector's middle half▲ 90.0%
Solvency21.4%-23.2%within the sector's middle half▲ 1.8pp21.4%within the sector's middle half▼ 1.8pp18.6%within the sector's middle half▼ 2.8pp26.2%within the sector's middle half▲ 7.6pp24.8%within the sector's middle half▼ 1.4pp21.6%within the sector's middle half▼ 3.2pp
Current ratio1.27-1.30within the sector's middle half▲ 0.031.25within the sector's middle half▼ 0.051.21within the sector's middle half▼ 0.041.34within the sector's middle half▲ 0.121.35within the sector's middle half▲ 0.011.40within the sector's middle half▲ 0.05
Return on assets (ROA)7.2%-4.3%within the sector's middle half▼ 2.9pp13.3%within the sector's middle half▲ 9.0pp6.9%within the sector's middle half▼ 6.5pp5.7%within the sector's middle half▼ 1.2pp6.5%within the sector's middle half▲ 0.8pp14.5%within the sector's middle half▲ 8.1pp
Staff (FTE)12.4▲ 140%
above
within
below
the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€195,001 ▲ 26.0%
Current assets
€1.0m ▲ 71.0%
Equity and liabilities €1.2m
Equity
€261,456 ▲ 40.8%
Debt
€947,277 ▲ 68.6%
Debt's share of the balance-sheet total rises from 75.2% to 78.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€327,471▲
2024 · €88,610
Cash flow
€216,496▲
2024 · €63,994
Debt to equity
3.62▲
2024 · 3.03
ROE
67.2%▲
2024 · 26.1%
Interest coverage
7.19▼
2024 · 12.87
Debt ≤ 1 year
€723,100▲
2024 · €439,839
Debt > 1 year
€224,177▲
2024 · €121,984
Income taxes
€66,145▲
2024 · €18,030
Staff costs
€258,913▲
2024 · €130,730
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,684 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97.3% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97.3%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0.08m | €0.8m | €1.7m | €3.2m | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €1.6m | €3.1m | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €0.02m | €0.06m | €0.07m | €0.1m | €0.3m | ▲ 98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €0.001m | €0.003m | €0.003m | €0.02m | €0.04m | ▲ 163% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.04m | - |
| Other operating charges640/8 | - | - | €0.006m | €0.006m | €0.02m | €0.007m | €0.008m | ▲ 24.5% |
| Non-recurring operating charges66A | - | - | €0.001m | €0.002m | €0.004m | €0.1m | - | - |
| Gross operating margin9900 | €0.009m | €0.009m | €0.09m | €0.1m | €0.2m | €0.3m | €0.6m | ▲ 90.0% |
| Operating profit (loss)9901 | €0.007m | €0.006m | €0.05m | €0.04m | €0.07m | €0.07m | €0.3m | ▲ 292% |
| Financial income75/76B | - | - | €140 | €148 | €0.001m | €301 | €0.001m | ▲ 141% |
| Recurring financial income75 | - | €330 | €10 | €148 | €0.001m | €301 | €0.001m | ▲ 141% |
| Non-recurring financial income76B | - | - | €130 | €148 | - | - | - | - |
| Financial charges65/66B | - | - | €0.01m | €0.001m | €0.005m | €0.007m | €0.05m | ▲ 561% |
| Recurring financial charges65 | - | €360 | €0.01m | €0.001m | €0.005m | €0.007m | €0.05m | ▲ 561% |
| Profit (loss) for the period before taxes9903 | €0.007m | €0.006m | €0.04m | €0.04m | €0.07m | €0.07m | €0.2m | ▲ 264% |
| Income taxes67/77 | - | €0.002m | €0.003m | - | €0.04m | €0.02m | €0.07m | ▲ 267% |
| Profit (loss) for the period9904 | €0.007m | €0.005m | €0.04m | €0.04m | €0.03m | €0.05m | €0.2m | ▲ 262% |
| Profit (loss) for the period to be appropriated9905 | €0.007m | €0.005m | €0.04m | €0.04m | €0.03m | €0.05m | €0.2m | ▲ 262% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.09m | €0.1m | €0.3m | €0.5m | €0.5m | €0.7m | €1.2m | ▲ 61.7% |
| Fixed assets21/28 | - | - | €0.005m | €0.007m | €0.007m | €0.2m | €0.2m | ▲ 26.0% |
| Tangible fixed assets22/27 | - | - | €0.005m | €0.005m | €0.005m | €0.2m | €0.2m | ▲ 26.3% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.06m | €0.05m | ▼ 21.7% |
| Furniture and vehicles24 | - | - | €0.005m | €0.005m | €0.005m | €0.09m | €0.1m | ▲ 60.2% |
| Financial fixed assets28 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €0.09m | €0.1m | €0.3m | €0.5m | €0.5m | €0.6m | €1.0m | ▲ 71.0% |
| Amounts receivable within one year40/41 | €0.05m | €0.06m | €0.3m | €0.4m | €0.5m | €0.5m | €0.7m | ▲ 38.1% |
| Trade receivables40 | - | - | €0.2m | €0.4m | €0.3m | €0.5m | €0.7m | ▲ 38.1% |
| Other amounts receivable41 | - | - | €0.02m | €0.005m | €0.2m | €0.003m | €0.004m | ▲ 46.1% |
| Current investments50/53 | - | - | - | - | - | €0 | - | - |
| Cash at bank and in hand54/58 | €0.04m | €0.04m | €0.03m | €0.2m | €0.06m | €0.08m | €0.3m | ▲ 270% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.02m | €0.03m | ▲ 117% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.09m | €0.1m | €0.3m | €0.5m | €0.5m | €0.7m | €1.2m | ▲ 61.7% |
| Equity10/15 | €0.02m | €0.02m | €0.06m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 40.8% |
| Contributions10/11 | €0.01m | - | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | = |
| Contributions outside capital11 | - | - | €0.01m | €0.01m | - | - | - | - |
| Share premium1100/10 | - | - | €0.01m | €0.01m | - | - | - | - |
| Reserves13 | - | - | - | - | - | - | €0.2m | - |
| Distributable reserves133 | - | - | - | - | - | - | €0.2m | - |
| Profit (loss) carried forward14 | €0.007m | €0.01m | €0.05m | €0.09m | €0.1m | €0.2m | - | - |
| Amounts payable17/49 | €0.07m | €0.08m | €0.2m | €0.4m | €0.4m | €0.6m | €0.9m | ▲ 68.6% |
| Amounts payable after more than one year17 | - | - | - | - | - | €0.1m | €0.2m | ▲ 83.8% |
| Financial debts170/4 | - | - | - | - | - | €0.1m | €0.2m | ▲ 83.8% |
| Amounts payable within one year42/48 | €0.07m | €0.08m | €0.2m | €0.4m | €0.4m | €0.4m | €0.7m | ▲ 64.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.03m | €0.08m | ▲ 127% |
| Trade debts44 | €0.04m | €0.05m | €0.2m | €0.4m | €0.3m | €0.4m | €0.4m | ▲ 24.9% |
| Suppliers440/4 | - | - | €0.2m | €0.4m | €0.3m | €0.4m | €0.4m | ▲ 24.9% |
| Taxes, remuneration and social security45 | - | - | €0.01m | €0.03m | €0.04m | €0.06m | €0.1m | ▲ 97.4% |
| Taxes450/3 | - | - | €0.001m | €0.003m | €0.02m | €0.03m | €0.07m | ▲ 93.1% |
| Remuneration and social security454/9 | - | - | €0.01m | €0.03m | €0.01m | €0.02m | €0.04m | ▲ 105% |
| Other amounts payable47/48 | - | - | - | - | - | €125 | €0.1m | ▲ 801× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,633 | €4,507 | €40,136 | €37,652 | €29,649 | €48,498 | €175,781 | ▲ 262% |
| + Depreciation and write-downs630 | - | - | €1,125 | €3,088 | €2,789 | €15,496 | €40,715 | ▲ 163% |
| Operating cash flow (approximation) | €6,633 | €4,507 | €41,260 | €40,741 | €32,438 | €63,994 | €216,496 | ▲ 238% |
| Investment in fixed assets (approximation) | - | - | - | -€5,800 | -€2,576 | -€163,204 | -€81,002 | ▲ 50.4% |
| Change in cash | - | €2,997 | -€16,204 | €156,575 | -€127,350 | €23,233 | €212,809 | ▲ 816% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 09-10-2026 | 2026-00553292 |
| 31-12-2024 | micro format | 22-08-2025 | 2025-00398880 |
| 31-12-2023 | micro format | 19-08-2024 | 2024-00350097 |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00225911 |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20178269 |
| 31-12-2020 | micro format | 28-08-2021 | 2021-59300403 |
| 31-12-2019 | micro format | 29-08-2020 | 2020-47700320 |
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Of the 29,226 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,354. 11,533 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, last change in 2023
KOCYIGIT Huseyin
CurrentDirector (not named in the articles) · since 04-12-2023
KOCYIGIT Tunahan
CurrentDirector (not named in the articles) · since 04-12-2023
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
3 of this company's 5 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
2 people since 2023, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KOCYIGIT Huseyin |
|
| KOCYIGIT Tunahan |
|
Owners and capital
Capital and shareholders
Capital over the years
- 04-12-2023 Converted to unavailable equity · €18,600
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
09-10
NBB filing
Annual accounts filed
financial year 2025 · micro format · 70 days late
2025
31-12
Financial
Highest result from 2019 to 2025net €175,781 ▲262%
Operating result €286,756, net result €175,781, both a record.
31-12
Financial
Equity above €200,000equity €261,456 ▲40.8%
A profit in every financial year since 2019 builds equity to €261,456.
22-08
NBB filing
Annual accounts filed
financial year 2024 · micro format · 22 days late
2024
31-12
Financial
Equity above €150,000equity €185,675 ▲35.4%
A profit in every financial year since 2019 builds equity to €185,675.
19-08
NBB filing
Annual accounts filed
financial year 2023 · micro format · 19 days late
2023
04-12
Gazette deed
Resignations: KOCYIGIT Huseyin (manager) and KOCYIGIT Tunahan (manager)Appointments: KOCYIGIT Huseyin (director) and KOCYIGIT Tunahan (director) · Amendment of the articles · Capital conversion14 facts ▸
Gazette deed
Resignations: KOCYIGIT Huseyin (manager) and KOCYIGIT Tunahan (manager)
Appointments: KOCYIGIT Huseyin (director) and KOCYIGIT Tunahan (director) · Amendment of the articles · Capital conversion14 facts ▸
- General meeting, 27-11-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in French)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, onmiddellijk” (deed in French)
- Capital
- Other provision, “statutair onbeschikbare eigen vermogensrekening” (deed in French)
- Director resignation, KOCYIGIT Huseyin (manager)
- Director appointment, KOCYIGIT Huseyin (director (not named in the articles))
- Director resignation, KOCYIGIT Tunahan (manager)
- Director appointment, KOCYIGIT Tunahan (director (not named in the articles))
- Other provision, “geen bestuursverbod, niet getroffen door strafrechtelijk noch burgerlijk bestuursverbod” (deed in French) (2 times)
- Other provision, 10-11-2023, “JustBan-controle” (deed in French)
- +2 further facts in this act
07-07
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
31-12
Financial
Equity above €100,000equity €101,928 ▲58.6%
A profit in every financial year since 2019 builds equity to €101,928.
20-09
Gazette deed
Registered officeRegistered-office move2 facts ▸
Gazette deed
Registered office
Registered-office move2 facts ▸
- General meeting, 01-09-2022
- Registered-office move, STATIONSTRAAT N°20 BUS 12-1930 ZAVENTEM
08-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
28-08
NBB filing
Annual accounts filed
financial year 2020 · micro format · 28 days late
2020
31-12
Financial
Weakest financial yearnet €4,507 ▼32.1%
Net result drops to €4,507, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
financial year 2019 · micro format · 29 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
2 of 5 deeds read
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded17-07-2018
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
E-mail
hisarconstruct@gmail.comZaventem
Phone
0488799940Zaventem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699981197
Also
9925:BE0699981197
Registered
14-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0699.981.197
Recognitions · licences · registrations
Recognised contractor
13 categoriesHISAR CONSTRUCT BVapproval no. 40199
- C1 Ordinary sewer worksclass 1, up to €162,000
- C2 Water supply and laying all kinds of pipesclass 1, up to €162,000
- D General building contractsclass 1, up to €162,000
- D1 All shell construction and roofing-in of buildingsclass 1, up to €162,000
- D5 General joinery, timber roof trusses and stairsclass 1, up to €162,000
- D20 Metal joineryclass 1, up to €162,000
- D23 Restoration by craftsmenclass 1, up to €162,000
- D24 Restoration of monumentsclass 1, up to €162,000
Show all 13 categories
- D25 Wall and floor coverings other than marble, parquet and tilesclass 1, up to €162,000
- E1 Trunk sewersclass 1, up to €162,000
- E2 Pile foundations, sheet piling and diaphragm wallsclass 1, up to €162,000
- G5 Demolitionclass 1, up to €162,000
- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2019
Ground area
247 m²
Building footprint
84 m²
Building volume
1,148 m³
Parcel 23772C0096/00S000, Flanders · tallest building 16.6 m. Linked by address, not a title deed.
1 establishment unit
HISAR CONSTRUCT
since 2019unit no. 2.285.210.330
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23772C0096/00S000 | Flanders | 246 m² | 1 · 84 m² | 16.6 m · 5 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Algemene aanneming van alle openbare en private werken,en meer bepaald algemene aanneming van bouwwerken,d.w.z.in het algemeen alle…” (deed in French)
21 activities (deed in French)
- Algemene aanneming van alle openbare en private werken,en meer bepaald algemene aanneming van bouwwerken,d.w.z.in het algemeen alle bouw-,renovatie-,verbouwings-,restauratie-,afbraak-,afwerkings- en afwerkingswerken aan gebouwen in al zijn toepassingen
- Metselwerk,schilderwerk,binnen- en buitenafwerking,stukadoorswerk,gevelreiniging,schrijnwerk,installatie van mozaïek en tegels,installatie van sanitair,opnieuw voegen,zandstralen,bekisting,stukadoorswerk,reiniging,afbraak en grondwerken,en meer in het algemeen algemene bouwwerkzaamheden
- Draineren van bouwterreinen,boren en peilen,bouwen van tunnels,bruggen en viaducten,aanleggen van start- en landingsbanen,baggerwerkzaamheden,leggen van funderingen,bouwen van gewelven,isoleren van verwarmings- en koelleidingen
- Installatie en reparatie van chassis,vervaardiging en marketing van chassis,en alle diensten in verband met dit product
- Installatie van houten scheidingswanden en valse plafonds,installatie van schuifdeuren en jaloezieën
- Containerverhuur
- Recyclen en sorteren van afval,evenals het terugwinnen van ferro- en non-ferrometalen
- Afbraak en sloop
- Het leggen en verwijderen van tegels,ruwbouw,vervaardiging en installatie van hout- en gipspanelen,vervaardiging en installatie van multiplex
- De fabricage van geprefabriceerde cement- en betonconstructies,bekistingen,beschermende pleisterlagen
- Vervaardiging en installatie van metalen skeletten en skeletten voor de bouw,vervaardiging en installatie van metalen deuren en ramen
- De algemene bouw van niet voor bewoning bestemde gebouwen,het opnieuw voegen,het cementeren,het optrekken van loodsen,schuren en silo's,het aanleggen van wegen,het schilderen van wegmarkeringen,het aanleggen van drainagesystemen,het bouwen van alle andere constructies
- Het leggen van dakpannen en metselwerk,het hakken van plaatselijke steen en marmer,het hakken,vormen en afwerken van steen,het bewerken van ruwe steen,het maken van asfalt
- Gespecialiseerde bouwwerkzaamheden,grondwerken,drainage,opruimen van terreinen,boren en peilen,installatie van alarm- en communicatiesystemen,elektrische en elektrotechnische installatiewerkzaamheden
- Akoestische en thermische isolatiewerkzaamheden,diverse afwerkingswerkzaamheden,schuren,reinigen en verwijderen van mos van daken,installatie van gyproc panelen
- Verkoop,installatie en fabricage van fotovoltaïsche panelen,installatie en fabricage van waterdichte bekleding,vloerbedekking
- Ledigen van septische putten en afvoerkanalen,ledigen van collectoren voor industrieel vloeibaar afval,verwijderen van slib en verspreiden van vloeibaar afval
- Fabricage van elektrische panelen voor de terugwinning van zonnewarmte,grondwerken en opvullen,egaliseren en stralen
- Opnieuw voegen,installatie van privézwembaden,ongediertebestrijding en installatie van verkeersborden
- Draineren van putten,bouwen van dammen en dijken,aanleggen van speeltuinen
- Groot- en kleinhandel in tegels,natuursteen,marmer en bouwmaterialen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- HISAR CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bestuursorgaan kan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Een of meer bestuurders, Artikel 12” (deed in French)“Artikel 13, iedere bestuurder alleen optredend mag alle handelingen stellen nodig of nuttig voor verwezenlijking voorwerp,behalve wet of…” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, aard van de aandelen” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft ten laste overdrager en helft ten laste koper(s),naar evenredigheid aantal verworven aandelen bij…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, ontbinding op elk moment door beslissing algemene vergadering” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, indien geen andere vereffenaar benoemd” (deed in French)