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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
Etablissements Kulche - Machines from Anderlecht, company number BE0401899605, closed financial year 2025 with a result of € -1,492 after tax. For that financial year Etablissements Kulche - Machines recorded a gross margin of € -81,981 and equity of € -802,685. Compared with financial year 2024, the result moved from € 89,940 to € -1,492. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 16, 2026.
€ -802,685
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,492
▼ still € 89,940 profit in 2024
Profit after tax over the fiscal year.
€ 2,486
▼ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -864,185.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 5.4 million
▲ 153% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,390
▼ 99% 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 | € 114,171 | € 288,973 | € 33,427 | € -81,981 | ▼ € 115,408 |
| Profit after taxes | € 87,147 | € 229,263 | € 89,940 | € -1,492 | ▼ € 91,432 |
| Equity | € -1,049,743 | € -867,672 | € -801,193 | € -802,685 | |
| Total debts | € 5,133,467 | € 5,178,241 | € 2,866,081 | € 5,920,952 | ▲ 107% |
| Cash | € 6,167 | € 4,383 | € 3,453 | € 2,486 | ▼ 28% |
| Land & buildings | € 9,159 | € 2,039 | € 0 | - | |
| Retained profit | € -1,181,896 | € -952,633 | € -862,693 | € -864,185 | |
| Balance sheet total | € 4,083,723 | € 4,310,568 | € 2,064,888 | € 5,118,267 | ▲ 148% |
Key figures of Etablissements Kulche - Machines, 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 Etablissements Kulche - Machines?
What happened at Etablissements Kulche - Machines in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Amit Mor stepped down as director. NBB
- Mehdi Benzine stepped down as director. NBB
- Michaël Barmoshe stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1,492 (▼ € 91,432 vs 2024). filed late Source: NBB ↗
- Amit Mor became a director. NBB
- Mehdi Benzine became a director. NBB
- Michaël Barmoshe became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 87,147 profit in 2022 to € 1,492 loss in 2025.
Paid € 119,032 in corporate taxes since 2022.
Best year ever: 2023, with € 229,263 profit.
Management
Directors
According to the 2025 annual accounts
Mehdi Benzine
Managing director
Also active at: LIMEINVEST, FETNAT, JMF INVEST, BH Holding, SKYPOINT, HOTEL CHAMBON, BMH, BHINVEST +10 more
since 2024 · until 2030
Michaël Barmoshe
Managing director
since 2024 · until 2030
Amit Mor
Director
Also active at: LIMEINVEST, USTEL, BHINVEST, Hygge Hotel, Hbi Property Holding, Hbi Operation Holding, DIEGEM BUILDING, HOTEL DIEGEM
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Luchtvaartsquare 6-8
1070 Anderlecht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.899.605
- VAT number
- BE 0401.899.605
- Registered office
- Luchtvaartsquare 6-8, 1070 Anderlecht
- Names & denominations
- Etablissements Kulche - Machines
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 1948
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
Handel in eigen onroerend goed