HOTAK GROUP
ActiveHOTAK GROUP has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.08M and a net result of €412k. Equity is growing by ~31.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 7689 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
86
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency52▼-31
Growth85=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.62 in 2024), and 69.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.2%
Return on assets
11.6%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
9 d early
2024
41 d late
2023
68 d late
2022
70 d late
2021
80 d late
2020
90 d late
2019
101 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.52M▲ 56.6%
2018 · €973k
2018: €973k
2018 → 2019
EBIT margin
10.6%▲ 2.7pp
2018 · 7.9%
2018: 7.9%
2018 → 2019
Net result
€412k▲ 33.1%
2024 · €309k
2018: €32k
2019: €130k
2020: €228k
2021: €112k
2022: €186k
2023: €302k
2024: €309k
2018 → 2025
Working capital
€496k▼ 13.2%
2024 · €571k
2018: €8k
2019: €84k
2020: €207k
2021: €70k
2022: €52k
2023: €144k
2024: €571k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€380k-€516k▲ 35.7%€605k▲ 17.3%€915k▲ 51.1%€1.08M▲ 17.7%
Operating result€150k-€285k▲ 89.3%€466k▲ 63.7%€465k▼ 0.2%€587k▲ 26.4%
Net result€112k-€186k▲ 66.3%€302k▲ 62.4%€309k▲ 2.5%€412k▲ 33.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 26% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.56M
Fixed assets
€906k▲ 89.3%
Current assets
€2.65M▲ 77.3%
Equity and liabilities €3.56M
Equity
€1.08M▲ 17.7%
Debt
€2.48M▲ 134%
The debt ratio rises from 53.7% to 69.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€847k▲
2024 · €733k
Cash flow
€671k▲
2024 · €578k
Solvency
30.2%▼
2024 · 46.3%
Current ratio
1.23▼
2024 · 1.62
Quick ratio
1.18▼
2024 · 1.34
Debt / equity
2.31▲
2024 · 1.16
ROE
38.3%▲
2024 · 33.8%
ROA
11.6%▼
2024 · 15.7%
Interest coverage
16.86▼
2024 · 19.85
Debt
€2.48M▲
2024 · €1.06M
Debt ≤ 1 year
€2.16M▲
2024 · €926k
Debt > 1 year
€325k▲
2024 · €84k
Income taxes
€163k▲
2024 · €150k
Staff costs
€1.57M▲
2024 · €1.06M
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€1.98M€3.56M▲
Fixed assets21/28€478k€906k▲
Tangible fixed assets22/27€460k€877k▲
Plant, machinery and equipment23€174k€228k▲
Furniture and vehicles24€87k€194k▲
Leasing and similar rights25€199k€456k▲
Financial fixed assets28€18k€28k▲
Current assets29/58€1.50M€2.65M▲
Amounts receivable after more than one year29€704k€921k▲
Other amounts receivable291€704k€921k▲
Stocks and contracts in progress3€253k€104k▼
Contracts in progress37€253k€104k▼
Amounts receivable within one year40/41€419k€1.25M▲
Trade receivables40€285k€864k▲
Other amounts receivable41€133k€388k▲
Cash at bank and in hand54/58€120k€369k▲
Deferred charges and accrued income490/1€2k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.98M€3.56M▲
Equity10/15€915k€1.08M▲
Contributions10/11€49k€49k=
Reserves13€866k€1.03M▲
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Distributable reserves133€861k€1.02M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.06M€2.48M▲
Amounts payable after more than one year17€84k€325k▲
Financial debts170/4€84k€325k▲
Amounts payable within one year42/48€926k€2.16M▲
Current portion of amounts payable after more than one year42€147k€128k▼
Financial debts43€100k€411k▲
Credit institutions430/8€100k€411k▲
Trade debts44€501k€1.31M▲
Suppliers440/4€501k€1.31M▲
Taxes, remuneration and social security45€177k€59k▼
Taxes450/3€136k€298▼
Remuneration and social security454/9€41k€58k▲
Other amounts payable47/48-€250k
Accrued charges and deferred income492/3€51k€0▼
Income statement
Code20242025
Non-recurring operating income76A€10k€0▼
Remuneration, social security and pensions62€1.06M€1.57M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€268k€259k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€76k▲
Other operating charges640/8€31k€40k▲
Gross operating margin9900€1.82M€2.54M▲
Operating profit (loss)9901€465k€587k▲
Financial income75/76B€32k€38k▲
Recurring financial income75€32k€38k▲
Financial charges65/66B€37k€50k▲
Recurring financial charges65€37k€50k▲
Profit (loss) for the period before taxes9903€460k€575k▲
Income taxes67/77€150k€163k▲
Profit (loss) for the period9904€309k€412k▲
Profit (loss) for the period to be appropriated9905€309k€412k▲
Appropriation of the result
Profit (loss) to be appropriated9906€309k€412k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€250k
Transfer to equity691/2€309k€412k▲
To other reserves6921€309k€412k▲
Profit to be distributed694/7€0€250k▲
Return on contributions (dividend)694€0€250k▲
Social balance
Average headcount (FTE)908722.528.2▲
The notes to these accounts (22 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
26-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Permanent representative4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Permanent representative4 facts ▸
- General meeting, 12/03/2026
- Director resignation, SMU (bestuurder)
- Permanent representative, Isci Muhammet
- Director appointment, Isci Muhammet (bestuurder)
2025
31-12
Financial
Highest result since 2018net €412k ▲33.1%
Operating result €587k, net result €412k, both a record.
31-12
Financial
Equity above €1MEq €1.08M ▲17.7%
8 profitable years in a row build equity to €1.08M.
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 41 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
31-12
Financial
Equity above €500kEq €516k ▲35.7%
5 profitable years in a row build equity to €516k.
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 80 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 90 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 101 days late
2019
31-12
Financial
Equity above €200kEq €210k ▲317%
2 profitable years in a row build equity to €210k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2026
Isci Muhammet
CurrentDirector · since 12-03-2026
12-03-2026
Isci Muhammet: Appointed as Director
12-03-2026
SMU: Resigned as Director
26-02-2026
ANKA GROUP: Resigned as Director
29-03-2019
AHMEDOVA MYURVET: Resigned as Manager
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2017
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.
Wafelstraat 5A9820 Merelbeke-MelleGround area
1,147 m²
Building footprint
168 m²
Parcel 44412C0335/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
HOTAK GROUP
since 20172.263.794.413
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412C0335/00K000 | Flanders | 1,147 m² | 1 · 168 m² | - |
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
1 connected companyLinked via shared directors
viaIsci Muhammet · Permanent representative
former→
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,457 EUR awarded · 1,457 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 938 EUR | 938 EUR |
| 2024 | 1 | 243 EUR | 243 EUR |
| 2023 | 1 | 0 EUR | 51 EUR |
| 2022 | 1 | 276 EUR | 225 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
5 categoriesHOTAK GROUP BV41397
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Of 1,805 companies in sector 42220 we hold annual accounts for 948. 398 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-04-2017
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
42120Civil engineering
47811Retail sale of cars and light vans (up to 3.5 tonnes)
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@hotak.be