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 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GULEC MOTORS from Sint-Genesius-Rode, company number BE0799569515, closed financial year 2025 with a result of € -1,368 after tax. For that financial year GULEC MOTORS recorded revenue of € 185,460 and equity of € -3,822. Compared with financial year 2024, the result moved from € 2,079 to € -1,368. 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 July 10, 2026.
€ -3,822
▼ € 1,368 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,368
▼ still € 2,079 profit in 2024
Profit after tax over the fiscal year.
€ 9,204
▲ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -6,322.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,533
▲ € 2,139 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 800
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | - | € 128,274 | € 185,460 | ▲ 45% |
| Gross margin | € -6,429 | € 2,916 | € -251 | ▼ € 3,167 |
| Profit after taxes | € -7,032 | € 2,079 | € -1,368 | ▼ € 3,447 |
| Equity | € -4,532 | € -2,453 | € -3,822 | ▼ € 1,368 |
| Total debts | € 17,977 | € 30,666 | € 51,308 | ▲ 67% |
| Cash | € 57 | € 5,364 | € 9,204 | ▲ 72% |
| Retained profit | € -7,032 | € -4,953 | € -6,322 | ▼ € 1,368 |
| Balance sheet total | € 13,445 | € 28,212 | € 47,487 | ▲ 68% |
Key figures of GULEC MOTORS, fiscal years 2023 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 GULEC MOTORS?
What happened at GULEC MOTORS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,368 (▼ € 3,447 vs 2024). Source: NBB ↗
- New establishment in Charleroi. KBO
- Mustafa Gulec became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 7,032 loss in 2023 to € 1,368 loss in 2025.
Paid € 416 in corporate taxes since 2023.
Best year ever: 2024, with € 2,079 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
Directors
According to the 2025 annual accounts
Mustafa Gulec
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Oliebronstraat 3
1640 Sint-Genesius-Rode
Rue du Clicotia 14 box 1
6031 Charleroi
Active since 15 March 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0799.569.515
- VAT number
- BE 0799.569.515
- Registered office
- Oliebronstraat 3, 1640 Sint-Genesius-Rode
- Names & denominations
- GULEC MOTORS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 March 2023
- Peppol
- Active · Active since 6 Jan 2026
- Contact
- [email protected] 0486303629
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)