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 2 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
HSK IMMO from Fontaine-l'Evêque, company number BE0809615448, closed financial year 2025 with a result of € 4,472 after tax. For that financial year HSK IMMO recorded a gross margin of € 14,890 and equity of € 15,701. Compared with financial year 2024, the result moved from € 1,704 to € 4,472. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 15,701
▲ 40% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,472
▲ 162% vs 2024
Profit after tax over the fiscal year.
€ 972
▲ 115% 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 € -2,899.
Debts at end 2025
€ 62,117
▼ 26% vs 2024
€ 21,930 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 71
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 12,441 | € 4,562 | € 13,897 | € 14,890 | ▲ 7% |
| Profit after taxes | € 3,098 | € -12,431 | € 1,704 | € 4,472 | ▲ 162% |
| Equity | € 21,957 | € 9,526 | € 11,230 | € 15,701 | ▲ 40% |
| Total debts | € 101,952 | € 154,609 | € 147,527 | € 138,769 | ▼ 6% |
| Cash | € 632 | € 472 | € 453 | € 972 | ▲ 115% |
| Land & buildings | € 113,540 | € 157,851 | € 153,076 | € 148,301 | ▼ 3% |
| Retained profit | € 3,357 | € -9,074 | € -7,370 | € -2,899 | ▲ € 4,472 |
| Bank debt | € 57,921 | € 99,084 | € 83,523 | € 62,117 | ▼ 26% |
| Balance sheet total | € 123,909 | € 164,135 | € 158,757 | € 154,471 | ▼ 3% |
Key figures of HSK IMMO, 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 HSK IMMO?
What happened at HSK IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,472 (▲ 162% vs 2024). filed late Source: NBB ↗
- New establishment in Charleroi. KBO
- Ayhan Sibel became a director. NBB
- Hüseyin KARACA became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 3,098 profit in 2022 to € 4,472 profit in 2025.
Paid € 1,128 in corporate taxes since 2022.
Best year ever: 2025, with € 4,472 profit.
Management
Behind HSK IMMO are Ayhan Sibel and Hüseyin KARACA. Hüseyin KARACA is also behind KARAUTO.
Directors
According to the 2025 annual accounts
Ayhan Sibel
Director
since 2009
since 2009
Establishments
Establishment units
Physical locations of this company
Rue de Bruxelles(LEE) 12
6142 Fontaine-l'Evêque
Rue Neuve 33
6000 Charleroi
Active since 5 February 2009
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0809.615.448
- VAT number
- BE 0809.615.448
- Registered office
- Rue de Bruxelles(LEE) 12, 6142 Fontaine-l'Evêque
- Names & denominations
- HSK IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 February 2009
- Peppol
- Not registered