Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
S&M Cars from Lendelede, company number BE0789721738, closed financial year 2025 with a result of € -37,180 after tax. For that financial year S&M Cars recorded a gross margin of € -18,706 and equity of € -36,234. Compared with financial year 2024, the result moved from € 8,254 to € -37,180. 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 August 20, 2026.
€ -36,234
▼ € 37,180 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -37,180
▼ still € 8,254 profit in 2024
Profit after tax over the fiscal year.
€ 4,397
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -39,234.
People and assets in 2025
€ 1,012
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 230,632
▲ 17% vs 2024
€ 25,234 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 66,186
▲ 179% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,312
▼ 27% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -10,688 | € 19,504 | € 29,492 | € -18,706 | ▼ € 48,198 |
| Profit after taxes | € -15,423 | € 5,114 | € 8,254 | € -37,180 | ▼ € 45,434 |
| Equity | € -12,423 | € -7,309 | € 945 | € -36,234 | ▼ € 37,180 |
| Total debts | € 25,190 | € 250,520 | € 238,207 | € 323,525 | ▲ 36% |
| Cash | € 5,906 | € 1,135 | € 19,541 | € 4,397 | ▼ 78% |
| Retained profit | € -15,423 | € -10,309 | € -2,055 | € -39,234 | ▼ € 37,180 |
| Bank debt | € 0 | € 220,722 | € 197,241 | € 230,632 | ▲ 17% |
| Balance sheet total | € 12,768 | € 243,211 | € 239,152 | € 287,290 | ▲ 20% |
Key figures of S&M 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 S&M Cars?
What happened at S&M Cars in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 37,180 (▼ € 45,434 vs 2024). filed late Source: NBB ↗
- New establishment in Moorslede. KBO
- New establishment in Lendelede. KBO
- ALI MUSAWI became a director. NBB
- SAID MUSAWI became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 15,423 loss in 2022 to € 37,180 loss in 2025.
Paid € 1,133 in corporate taxes since 2022.
Best year ever: 2024, with € 8,254 profit.
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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 S&M Cars are ALI MUSAWI and SAID MUSAWI.
Directors
According to the 2025 annual accounts
ALI MUSAWI
Director
since 2022
SAID MUSAWI
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Harelbeeksestraat 13
8860 Lendelede
Meensesteenweg 232 box A
8890 Moorslede
Active since 1 October 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0789.721.738
- VAT number
- BE 0789.721.738
- Registered office
- Harelbeeksestraat 13, 8860 Lendelede
- Names & denominations
- S&M Cars
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 August 2022
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Carrosserieherstelling (inclusief spuiten en verven)
Detailhandel in onderdelen en accessoires van motorvoertuigen
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in andere motorvoertuigen (> 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)
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