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 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KIA Belgium from Zaventem, company number BE0477443106, closed financial year 2025 with a result of € -3.2 million after tax. For that financial year KIA Belgium recorded revenue of € 475.1 million and equity of € 48.1 million. Compared with financial year 2024, the result moved from € 9.5 million to € -3.2 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 23, 2026.
€ 48.1 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.2 million
▼ still € 9.5 million profit in 2024
Profit after tax over the fiscal year.
€ 2,589
▼ 67% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 36 million.
People and assets in 2025
62.5
▲ 3.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.6 million
▲ 4% vs 2024
€ 137,200 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.
€ 425,517
▼ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8.2 million
▼ 14% vs 2024
Loans from banks and other lenders, long and short.
€ 57.9 million
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 45 days on average.
€ 7.8 million
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 389,894,054 | € 580,009,514 | € 578,011,844 | € 475,133,344 | ▼ 18% |
| Profit after taxes | € 13,268,732 | € 17,930,973 | € 9,546,674 | € -3,237,425 | ▼ € 12.8 million |
| Equity | € 23,866,893 | € 41,797,866 | € 51,344,540 | € 48,107,115 | ▼ 6% |
| Total debts | € 96,327,404 | € 79,918,216 | € 78,167,330 | € 74,393,650 | ▼ 5% |
| Cash | € 323,971 | € 1,246 | € 7,785 | € 2,589 | ▼ 67% |
| Retained profit | € 11,773,893 | € 29,704,866 | € 39,251,540 | € 36,014,115 | ▼ 8% |
| Dividend | € 8,643,757 | € 0 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 9,448,482 | € 8,166,663 | ▼ 14% |
| Balance sheet total | € 125,129,980 | € 126,860,654 | € 135,401,011 | € 130,405,472 | ▼ 4% |
| Employees (FTE) | 47 | 53.3 | 58.8 | 62.5 | ▲ 3.7 |
Key figures of KIA Belgium, 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 KIA Belgium?
What happened at KIA Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lionel GOYEAU stepped down as director. NBB
- Olivier GELAS stepped down as director. NBB
- Kwang Hyuk KIM stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3.2 million (▼ € 12.8 million vs 2024). Source: NBB ↗
- Lionel GOYEAU became a director. NBB
- Olivier GELAS became a director. NBB
- Kwang Hyuk KIM became a director. NBB
- New establishment in Zaventem. KBO
In short
From € 13.3 million profit in 2022 to € 3.2 million loss in 2025.
Paid € 14.1 million in corporate taxes since 2022.
Best year ever: 2023, with € 17.9 million profit.
Paid out € 8.6 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 shares are held by KIA EUROPE (100%) and KIA DEUTSCHLAND (0%).
Directors
According to the 2025 annual accounts
Kwang Hyuk KIM
Director
since 2022 · until 2028
Lionel GOYEAU
Director
since 2025 · until 2031
Olivier GELAS
Director
since 2025 · until 2031
Shareholders
KIA EUROPE
100%
KIA DEUTSCHLAND
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ikaroslaan 33
1930 Zaventem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0477.443.106
- VAT number
- BE 0477.443.106
- Registered office
- Ikaroslaan 33, 1930 Zaventem
- Names & denominations
- KIA Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 2002
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Onderhoud en reparatie van auto's
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)