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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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 425 days after the legal deadline.
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Annual account missing NBB
Fiscal year 2025 was expected before 31 October 2025 and has not been filed.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
OLCAY CARS from Bilzen-Hoeselt, company number BE0694669854, closed financial year 2024 with a result of € -14,823 after tax. For that financial year OLCAY CARS recorded a gross margin of € -12,035 and equity of € -121,812. Compared with financial year 2023, the result moved from € -22,293 to € -14,823. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 30, 2025.
€ -121,812
▼ € 14,823 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14,823
▲ 34 % less loss than in 2023
Profit after tax over the fiscal year.
€ 290
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -140,412.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
€ 17,884
▼ 36% vs 2023
€ 10,943 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 11,942
Supplier invoices still open on the last day of the fiscal year.
€ 252
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € -4,822 | € -13,144 | € -12,035 | ▲ € 1,109 |
| Profit after taxes | € -33,769 | € -22,293 | € -14,823 | ▲ € 7,470 |
| Equity | € -84,696 | € -106,989 | € -121,812 | ▼ € 14,823 |
| Total debts | € 127,905 | € 109,885 | € 126,148 | ▲ 15% |
| Cash | € 10,672 | - | € 290 | |
| Retained profit | € -103,296 | € -125,589 | € -140,412 | ▼ € 14,823 |
| Bank debt | € 36,579 | € 27,866 | € 17,884 | ▼ 36% |
| Balance sheet total | € 43,210 | € 2,896 | € 4,336 | ▲ 50% |
Key figures of OLCAY CARS, fiscal years 2022 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 October 2025.
What happened to OLCAY CARS?
What happened at OLCAY CARS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 14,823. filed late Source: NBB ↗
- New establishment in Genk. KBO
- Start of the company according to the CBE. KBO
In short
From € 33,769 loss in 2022 to € 14,823 loss in 2024.
Paid € 252 in corporate taxes since 2022.
Management
Behind OLCAY CARS is Serdal Kilic.
Directors
According to the 2024 annual accounts
Serdal Kilic
Administrator-manager
Establishments
Establishment units
Physical locations of this company
Maastrichterpoort 14
3740 Bilzen-Hoeselt
Oud-Termienstraat 24
3600 Genk
Active since 12 April 2018
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0694.669.854
- VAT number
- BE 0694.669.854
- Registered office
- Maastrichterpoort 14, 3740 Bilzen-Hoeselt
- Names & denominations
- OLCAY CARS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 April 2018
- Peppol
- Not registered