Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Korean Motor Company from Mechelen, company number BE0404273333, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year Korean Motor Company recorded revenue of € 430.8 million and equity of € 12 million. Compared with financial year 2024, the result moved from € 13.1 million to € 1.9 million. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 11, 2026.
€ 12 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▼ 86% vs 2024
Profit after tax over the fiscal year.
€ 5 million
Cash and bank balances on the last day of the fiscal year.
€ 1.9 million paid out
100 % of the profit went to the shareholders, mostly to Astara Western Europe (100 % of the shares). That is where the money ends up.
People and assets in 2025
9.8
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 4% vs 2024
€ 126,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 14.7 million
▲ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 55 million
▲ 300% vs 2024
Loans from banks and other lenders, long and short.
€ 27.6 million
▼ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 23 days on average.
€ 6.3 million
▼ 32% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 368,060,518 | € 419,242,865 | € 405,473,823 | € 430,751,917 | ▲ 6% |
| Profit after taxes | € 13,205,440 | € 13,191,442 | € 13,071,024 | € 1,895,036 | ▼ 86% |
| Equity | € 11,978,211 | € 11,978,211 | € 11,978,211 | € 11,978,211 | |
| Total debts | € 41,943,355 | € 54,537,346 | € 90,488,920 | € 104,727,424 | ▲ 16% |
| Cash | € 12,257,279 | € 1,549,563 | - | € 4,986,926 | |
| Retained profit | € 5,195,211 | € 5,195,211 | € 5,195,211 | € 5,195,211 | |
| Dividend | € 10,000,000 | € 13,191,442 | € 13,071,024 | € 1,895,036 | ▼ 86% |
| Bank debt | € 0 | € 0 | € 13,748,948 | € 55,000,000 | ▲ 300% |
| Balance sheet total | € 56,761,001 | € 71,491,745 | € 107,889,202 | € 120,927,894 | ▲ 12% |
| Employees (FTE) | 22.2 | 9.8 | 9.7 | 9.8 | ▲ 0.1 |
Key figures of Korean Motor Company, 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 Korean Motor Company?
What happened at Korean Motor Company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Didier Vanderperren stepped down as director. NBB
- Finez BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.9 million (▼ 86% vs 2024). Source: NBB ↗
- Didier Vanderperren became a director. NBB
- Finez BV became a director. NBB
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 13.2 million profit in 2022 to € 1.9 million profit in 2025.
Paid € 13.7 million in corporate taxes since 2022.
Best year ever: 2022, with € 13.2 million profit.
Paid out € 38.2 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Astara Western Europe comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Korean Motor CompanyThe shares are held by Astara Western Europe (100%).
Directors
According to the 2025 annual accounts
Didier Vanderperren
Director
Also active at: Astara Financial Products, Maxomotive, Astara Western Europe, ASTARA MOVE BELGIUM
since 2022 · until 2028
Director · represented by Olivier Sermeus
Also active at: Astara Financial Products, SUZUKI BELGIUM, Maxomotive, Astara Western Europe, EURO SERVICE HEATING, FAVOR FINANCE, ASTARA MOVE BELGIUM
since 2022 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bedrijvenlaan 4
2800 Mechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Astara Financial Products same network
€ 1 million revenue · 2025
SUZUKI BELGIUM same network
€ 94 million revenue · 2025
Maxomotive same network
€ 201.9 million revenue · 2025
Astara Western Europe same network
€ 30.6 million revenue · 2025
Ssangyong Motors Middle Europe
€ 37 million revenue · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0404.273.333
- VAT number
- BE 0404.273.333
- Registered office
- Bedrijvenlaan 4, 2800 Mechelen
- Names & denominations
- Korean Motor Company · K.M.C.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 1964
- Peppol
- Active · Active since 24 Nov 2025
- Activities · NACE
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in motorvoertuigen
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)
Vervaardiging van carrosserieën voor motorvoertuigen