Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HUGOS from Merelbeke-Melle, company number BE0745564764, closed financial year 2025 with a result of € 18,099 after tax. For that financial year HUGOS recorded a gross margin of € 92,512 and equity of € 287,753. Compared with financial year 2024, the result moved from € 86,599 to € 18,099. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 287,753
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,099
▼ 79% vs 2024
Profit after tax over the fiscal year.
€ 2,205
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 257,753.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 833
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 882,138
▲ 41% vs 2024
€ 16,596 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 55,367
▲ € 47,728 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 46,678
▲ 17% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 125,711 | € 53,760 | € 177,536 | € 92,512 | ▼ 48% |
| Profit after taxes | € 69,480 | € 6,802 | € 86,599 | € 18,099 | ▼ 79% |
| Equity | € 176,253 | € 183,055 | € 269,654 | € 287,753 | ▲ 7% |
| Total debts | € 663,805 | € 629,173 | € 857,306 | € 1,028,058 | ▲ 20% |
| Cash | € 105,760 | € 101,692 | € 94,118 | € 2,205 | ▼ 98% |
| Land & buildings | - | - | € 331,807 | € 360,260 | ▲ 9% |
| Retained profit | € 146,253 | € 153,055 | € 239,654 | € 257,753 | ▲ 8% |
| Bank debt | € 360,923 | € 427,000 | € 626,945 | € 882,138 | ▲ 41% |
| Balance sheet total | € 840,058 | € 812,228 | € 1,126,960 | € 1,315,810 | ▲ 17% |
Key figures of HUGOS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HUGOS?
What happened at HUGOS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,099 (▼ 79% vs 2024). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Merelbeke-Melle. KBO
- Hasan Kekeç became a director. NBB
- Oguzhan Kekeç became a director. NBB
In short
From € 69,480 profit in 2022 to € 18,099 profit in 2025.
Paid € 77,075 in corporate taxes since 2022.
Best year ever: 2024, with € 86,599 profit.
Management
Behind HUGOS are Hasan Kekeç and Oguzhan Kekeç. The same people are also behind DE SLAAPSPECIALIST.
Directors
According to the 2025 annual accounts
since 2020
since 2020
Establishments
Establishment units
Physical locations of this company
Park ten Hovelaan 63
9090 Merelbeke-Melle
Regenboog 16 box 1
9090 Merelbeke-Melle
Active since 20 March 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- KEKEÇ Hasan(oprichter) 50%
- KEKEÇ Oguzhan(oprichter) 50%
Details
- Company number
- 0745.564.764
- VAT number
- BE 0745.564.764
- Registered office
- Park ten Hovelaan 63, 9090 Merelbeke-Melle
- Names & denominations
- HUGOS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 March 2020
- Peppol
- Active · Active since 12 Aug 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
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