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 44 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 10.1 to 8.3.
Financials
Financial year 2025
GMA-CARS from Genk, company number BE0658867352, closed financial year 2025 with a result of € 110,999 after tax. For that financial year GMA-CARS recorded a gross margin of € 1.2 million and equity of € 2 million. Compared with financial year 2024, the result moved from € 543,890 to € 110,999. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 2 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 110,999
▼ 80% vs 2024
Profit after tax over the fiscal year.
€ 668,680
▲ 68% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2 million.
People and assets in 2025
8.3
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 434,292
▼ 13% vs 2024
€ 52,300 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.
€ 87,537
▼ 18% vs 2024
Of which on lease € 85,195.
Debts at end 2025
€ 2.5 million
▲ 32% vs 2024
€ 758,154 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 178,930
▲ € 151,540 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 76,227
▼ 20% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,081,903 | € 1,015,364 | € 1,479,241 | € 1,235,802 | ▼ 16% |
| Profit after taxes | € 354,319 | € 200,121 | € 543,890 | € 110,999 | ▼ 80% |
| Equity | € 1,236,486 | € 1,336,607 | € 1,880,497 | € 1,991,496 | ▲ 6% |
| Total debts | € 2,837,916 | € 3,208,345 | € 2,471,117 | € 3,422,005 | ▲ 38% |
| Cash | € 205,335 | € 408,167 | € 399,005 | € 668,680 | ▲ 68% |
| Land & buildings | € 1,057,678 | € 1,344,556 | € 1,275,017 | € 2,270,550 | ▲ 78% |
| Retained profit | € 1,216,486 | € 1,316,607 | € 1,860,497 | € 1,971,496 | ▲ 6% |
| Dividend | € 0 | € 100,000 | € 0 | € 0 | |
| Bank debt | € 2,085,023 | € 2,264,685 | € 1,872,700 | € 2,476,945 | ▲ 32% |
| Balance sheet total | € 4,074,402 | € 4,544,952 | € 4,351,614 | € 5,413,501 | ▲ 24% |
| Employees (FTE) | 9.4 | 10.1 | 10 | 8.3 | ▼ 1.7 |
Key figures of GMA-CARS, 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 GMA-CARS?
What happened at GMA-CARS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 110,999 (▼ 80% vs 2024). Source: NBB ↗
- New establishment in Genk. KBO
- New establishment in Genk. KBO
- New establishment in Genk. KBO
- Start of the company according to the CBE. KBO
- Mitat Erciyas became a director. NBB
- Gökhan Erciyas became a director. NBB
In short
From € 354,319 profit in 2022 to € 110,999 profit in 2025.
Paid € 415,987 in corporate taxes since 2022.
Best year ever: 2024, with € 543,890 profit.
On average € 148,900 of value added per employee in 2025.
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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 GMA-CARS are Mitat Erciyas and Gökhan Erciyas.
Directors
According to the 2025 annual accounts
Mitat Erciyas
Director
since 2016
Gökhan Erciyas
Director
since 2016
Establishments
Establishment units
Physical locations of this company
Meeënweg 7
3600 Genk
Meeënweg 100 box A
3600 Genk
Active since 3 July 2023
Paniswijerstraat 44
3600 Genk
Active since 4 May 2026
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0658.867.352
- VAT number
- BE 0658.867.352
- Registered office
- Meeënweg 7, 3600 Genk
- Names & denominations
- GMA-CARS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 July 2016
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Bandenservicebedrijven
Groothandel in aanhangwagens, opleggers en caravans
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in andere motorvoertuigen (> 3,5 ton)
Wassen en poetsen van motorvoertuigen
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)
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