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 %.
Financials
Financial year 2025
Ssangyong Motors Middle Europe from Mechelen, company number BE0829189355, closed financial year 2025 with a result of € -531,798 after tax. For that financial year Ssangyong Motors Middle Europe recorded revenue of € 37 million and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 2 million to € -531,798. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 1.3 million
▼ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -531,798
▼ still € 2 million profit in 2024
Profit after tax over the fiscal year.
€ 6.1 million
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -225,037.
People and assets in 2025
2.8
▲ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 278,875
▲ 82% vs 2024
€ 99,600 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.
€ 974,053
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 11 million
▲ 32% vs 2024
Loans from banks and other lenders, long and short.
€ 11.4 million
▲ 201% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 111 days on average.
€ 661,432
▲ 259% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 79,714,091 | € 125,848,111 | € 86,740,552 | € 36,979,750 | ▼ 57% |
| Profit after taxes | € 2,854,827 | € 1,487,697 | € 2,044,528 | € -531,798 | ▼ € 2.6 million |
| Equity | € 1,806,761 | € 1,806,761 | € 1,806,761 | € 1,274,963 | ▼ 29% |
| Total debts | € 32,526,654 | € 29,247,735 | € 14,658,869 | € 23,289,780 | ▲ 59% |
| Cash | - | € 0 | € 0 | € 6,076,163 | |
| Retained profit | € 306,761 | € 306,761 | € 306,761 | € -225,037 | ▼ € 531,798 |
| Dividend | € 2,850,000 | € 1,487,697 | € 2,044,528 | € 0 | ▼ 100% |
| Bank debt | € 22,658,815 | € 22,160,765 | € 8,365,387 | € 11,005,000 | ▲ 32% |
| Balance sheet total | € 34,835,344 | € 31,422,592 | € 16,949,101 | € 25,078,005 | ▲ 48% |
| Employees (FTE) | 1.6 | 1 | 1 | 2.8 | ▲ 1.8 |
Key figures of Ssangyong Motors Middle Europe, 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 Ssangyong Motors Middle Europe?
What happened at Ssangyong Motors Middle Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 531,798 (▼ € 2.6 million vs 2024). Source: NBB ↗
- Astara Western Europe NV stepped down as director. NBB
- Astara Western Europe NV became a director. NBB
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.9 million profit in 2022 to € 531,798 loss in 2025.
Paid € 701,910 in corporate taxes since 2022.
Best year ever: 2022, with € 2.9 million profit.
Paid out € 6.4 million in dividends to the owners in total.
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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
The stake of Astara Western Europe comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Ssangyong Motors Middle EuropeThe shares are held by Astara Western Europe (100%). It owns 100% of SSANGYONG MOTORS NEDERLAND B.V. and 100% of ASTARA MOBILITY DEUTSCHLAND GMBH itself.
Directors
According to the 2025 annual accounts
Director · represented by Olivier Sermeus
since 2023 · until 2026
Shareholders
Participations
SSANGYONG MOTORS NEDERLAND B.V.
100%
Establishments
Establishment units
Physical locations of this company
Bedrijvenlaan 4
2800 Mechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Korean Motor Company
€ 430.8 million revenue · 2025
Astara Financial Products
€ 1 million revenue · 2025
SUZUKI BELGIUM
€ 94 million revenue · 2025
Maxomotive
€ 201.9 million revenue · 2025
Astara Western Europe same network
€ 30.6 million revenue · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0829.189.355
- VAT number
- BE 0829.189.355
- Registered office
- Bedrijvenlaan 4, 2800 Mechelen
- Names & denominations
- Ssangyong Motors Middle Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 September 2010
- Peppol
- Active · Active since 24 Nov 2025
- Activities · NACE
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)
Handelsbemiddeling in de groothandel in andere specifieke goederen
Vervaardiging van carrosserieën voor motorvoertuigen
Groothandel in delen en toebehoren van motorvoertuigen
Activiteiten van reclamebureaus
Handelsbemiddeling in auto's en lichte bestelwagens (= 3,5 ton)
Handelsbemiddeling en groothandel in onderdelen en accessoires van motorvoertuigen