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 24 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
SIYAM CARS from Quaregnon, company number BE0807004960, closed financial year 2024 with a result of € 54,821 after tax. For that financial year SIYAM CARS recorded a gross margin of € 145,128 and equity of € 375,202. Compared with financial year 2023, the result moved from € 58,339 to € 54,821. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2025.
€ 375,202
▲ 17% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 54,821
▼ 6% vs 2023
Profit after tax over the fiscal year.
€ 116,121
▼ 8% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 356,602.
People and assets in 2024
€ 23,479
▼ 56% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 69
▼ 91% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 360,286
▼ 8% vs 2023
€ 12,381 is repaid this year. At this pace the long-term loan is gone in ≈ 21 years.
€ 729,526
▼ 8% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 63,853
▲ 7% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 2,366,000 | € 3,311,082 | - | - | |
| Gross margin | € 158,074 | € 115,535 | € 159,688 | € 145,128 | ▼ 9% |
| Profit after taxes | € 117,054 | € 57,418 | € 58,339 | € 54,821 | ▼ 6% |
| Equity | € 204,623 | € 262,042 | € 320,381 | € 375,202 | ▲ 17% |
| Total debts | € 828,832 | € 983,977 | € 1,384,164 | € 1,808,734 | ▲ 31% |
| Cash | € 76,582 | € 92,130 | € 126,877 | € 116,121 | ▼ 8% |
| Land & buildings | € 3,458 | € 1,923 | € 387 | - | |
| Retained profit | € 186,023 | € 243,442 | € 301,781 | € 356,602 | ▲ 18% |
| Bank debt | € 180,460 | € 307,555 | € 392,300 | € 360,286 | ▼ 8% |
| Balance sheet total | € 1,033,455 | € 1,246,019 | € 1,704,545 | € 2,183,936 | ▲ 28% |
| Employees (FTE) | - | - | 1 | - |
Key figures of SIYAM CARS, 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 SIYAM CARS?
What happened at SIYAM CARS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 54,821 (▼ 6% vs 2023). filed late Source: NBB ↗
- New establishment in Boussu. KBO
- Umit Kazkondu became a director. NBB
- Sinan Kazkondu became a director. NBB
- New establishment in Quaregnon. KBO
- New establishment in Quaregnon. KBO
- Start of the company according to the CBE. KBO
In short
From € 117,054 profit in 2021 to € 54,821 profit in 2024.
Paid € 82,914 in corporate taxes since 2021.
Best year ever: 2021, with € 117,054 profit.
On average € 159,700 of value added per employee in 2023.
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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 SIYAM CARS are Umit Kazkondu and Sinan Kazkondu.
Directors
According to the 2024 annual accounts
Umit Kazkondu
Director
since 2023
Sinan Kazkondu
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Route de Mons 145
7390 Quaregnon
Route de Mons 148
7390 Quaregnon
Active since 3 January 2021
Rue de la Fontaine(H) 125
7301 Boussu
Active since 15 May 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0807.004.960
- VAT number
- BE 0807.004.960
- Registered office
- Route de Mons 145, 7390 Quaregnon
- Names & denominations
- SIYAM CARS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 October 2008
- Peppol
- Active · Active since 25 Feb 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)
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van motorvoertuigen, neg
Reparatie en montage van specifieke auto-onderdelen
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)
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