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Gökçek family's German firm grew from €30,000 capital to €3.86 million property in two years

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Gökçek family's German firm grew from €30,000 capital to €3.86 million property in two years

A German company owned by Hülya Gökçek, daughter-in-law of former Ankara mayor Melih Gökçek, reported €3.86 million in real estate assets in its 2024 balance sheet. The firm, HAMAG GmbH, was founded in August 2022 with €30,000 share capital and initially showed zero revenue and no employees. The 2024 financial statement lists 'Bank Türkei' as a source of funding, indicating money came from Turkey.

Key Facts

  • HAMAG GmbH was founded on 30 August 2022 in Cologne, Germany, with Hülya Gökçek as sole owner and €30,000 share capital.
  • The company's 2024 balance sheet shows approximately €3.86 million in real estate assets, up from zero in 2023.
  • The 2024 financial statement lists 'Bank Türkei' as a funding source, indicating money came from Turkey.
  • The company moved from Cologne to Düsseldorf, with its registered address at Hohenzollernstraße 30.
  • In 2023, the company reported approximately €849,000 in shareholder financing despite zero real estate assets.

Company Formation

Hülya Gökçek, wife of Ahmet Gökçek and daughter-in-law of Melih Gökçek, authorized Filiz Polat Isler via a notarized power of attorney in Turkey to establish a company in Germany. The power of attorney was apostilled five days later, and HAMAG GmbH was registered on 30 August 2022 in Cologne. The company name HAMAG is formed from the initials of Hülya, Ahmet, Melih, Ahmet, and Gökçek. Initial share capital was €30,000, of which €15,000 was paid and the remainder was called for payment. In its first year, the company reported zero revenue and zero employees.

Financial Growth

The 2023 balance sheet showed no real estate assets but approximately €849,000 in shareholder financing. By 2024, the balance sheet listed approximately €3.86 million in real estate assets. The 2024 financial statement contains the words 'Bank Türkei', indicating that funds came from Turkey. The company moved its registered address to Hohenzollernstraße 30 in Düsseldorf.

Property Location

The author visited the address at Hohenzollernstraße 30 in Düsseldorf and confirmed a sign reading 'HAMAG GMBH GÖKÇEK' at the door. The street contains a church, a building belonging to the Jewish community, a Christian foundation, and an Evangelical building. Hülya Gökçek purchased a building on this street.

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Gökçek family's German firm grew from €30,000 capital to €3.86 million property in two years