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 53 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
MUST CAR from Perwez, company number BE0658781636, closed financial year 2024 with a result of € -23,652 after tax. For that financial year MUST CAR recorded a gross margin of € -12,682 and equity of € 7,956. Compared with financial year 2023, the result moved from € 20,079 to € -23,652. The company made a loss. The buffer shrank hard: equity is 75 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 27, 2025.
€ 7,956
▼ 75% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,652
▼ still € 20,079 profit in 2023
Profit after tax over the fiscal year.
€ 3,958
▲ 33% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -10,644.
People and assets in 2024
€ 27,625
▲ € 27,176 vs 2023
Of which on lease € 25,752.
Debts at end 2024
€ 14,309
€ 2,925 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 3,988
▼ 26% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 12,807 | € 2,849 | € 26,588 | € -12,682 | ▼ € 39,270 |
| Profit after taxes | € 6,156 | € -278 | € 20,079 | € -23,652 | ▼ € 43,731 |
| Equity | € 11,806 | € 11,528 | € 31,607 | € 7,956 | ▼ 75% |
| Total debts | € 18,490 | € 14,433 | € 8,037 | € 34,358 | ▲ € 26,321 |
| Cash | € 7,358 | € 6,167 | € 2,974 | € 3,958 | ▲ 33% |
| Retained profit | € -6,794 | € -7,072 | € 13,007 | € -10,644 | ▼ € 23,652 |
| Bank debt | € 653 | € 0 | € 0 | € 14,309 | |
| Balance sheet total | € 30,296 | € 25,961 | € 39,644 | € 42,314 | ▲ 7% |
Key figures of MUST CAR, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MUST CAR?
What happened at MUST CAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 23,652 (▼ € 43,731 vs 2023). Source: NBB ↗
- New establishment in Rebecq. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,156 profit in 2021 to € 23,652 loss in 2024.
Paid € 4,866 in corporate taxes since 2021.
Best year ever: 2023, with € 20,079 profit.
Management
Behind MUST CAR are Olivier Paul, Bernard Leduc, Gaetan Capirchio, Frédéric Jamar , Olivier David and Marc Huyberechts. Gaetan Capirchio is also behind CAPIRCHIO.
Directors
According to the 2024 annual accounts
Olivier Paul
Director
Bernard Leduc
Director
Frédéric Jamar
Director
Olivier David
Director
Marc Huyberechts
Director
Establishments
Establishment units
Physical locations of this company
Rue de l' Intérieur 96/98
1360 Perwez
Rue Sablonnière 37
1430 Rebecq
Active since 6 July 2016
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0658.781.636
- VAT number
- BE 0658.781.636
- Registered office
- Rue de l' Intérieur 96/98, 1360 Perwez
- Names & denominations
- MUST CAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 July 2016
- Peppol
- Active · Active since 21 Dec 2025
- Activities · NACE
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen