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 56 % of short-term debt in 2023; threshold 65 %.
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Late annual account NBB
Fiscal year 2023 was filed 464 days after the legal deadline.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
K & M CARS from Gent, company number BE0477876537, closed financial year 2023 with a result of € -17,344 after tax. For that financial year K & M CARS recorded a gross margin of € 96,694 and equity of € 162,991. Compared with financial year 2022, the result moved from € 8,808 to € -17,344. The company made a loss. 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 November 7, 2025.
€ 162,991
▼ 10% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,344
▼ still € 8,808 profit in 2022
Profit after tax over the fiscal year.
€ 4,397
▼ 35% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -207,469.
People and assets in 2023
1.1
▲ 0.1 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 48,063
▲ 8% vs 2022
€ 43,700 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.
€ 18,033
▼ 94% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 408,591
▲ € 323,585 vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 97,116
▲ 33% vs 2022
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 137,548 | € 120,225 | € 96,694 | ▼ 20% |
| Profit after taxes | € 14,386 | € 8,808 | € -17,344 | ▼ € 26,151 |
| Equity | € 171,527 | € 180,335 | € 162,991 | ▼ 10% |
| Total debts | € 410,534 | € 657,296 | € 1,151,593 | ▲ 75% |
| Cash | € 15,367 | € 6,783 | € 4,397 | ▼ 35% |
| Retained profit | € -198,933 | € -190,125 | € -207,469 | ▼ € 17,344 |
| Bank debt | € 73,887 | € 310,280 | € 0 | ▼ 100% |
| Balance sheet total | € 582,061 | € 837,630 | € 1,314,584 | ▲ 57% |
| Employees (FTE) | - | 1 | 1.1 | ▲ 0.1 |
Key figures of K & M CARS, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to K & M CARS?
What happened at K & M CARS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: loss of € 17,344 (▼ € 26,151 vs 2022). filed late Source: NBB ↗
- New establishment in Lokeren. KBO
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,386 profit in 2021 to € 17,344 loss in 2023.
Paid € 43,378 in corporate taxes since 2021.
Best year ever: 2021, with € 14,386 profit.
On average € 87,900 of value added per employee in 2023.
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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
Behind K & M CARS is Mehmet Küçük. Mehmet Küçük is also behind ACL GROUP and KaMo Administration Management Organisation.
Directors
According to the 2023 annual accounts
Establishments
Establishment units
Physical locations of this company
Afrikalaan 7
9000 Gent
Hillarestraat 146
9160 Lokeren
Active since 1 January 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0477.876.537
- VAT number
- BE 0477.876.537
- Registered office
- Afrikalaan 7, 9000 Gent
- Names & denominations
- K & M CARS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 2002
- Peppol
- Active · Active since 16 Jan 2026
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Detailhandel in motorvoertuigen