OPENING OF BANKRUPTCY

SELECTED CARS

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Company — Opening of bankruptcy.

Financial year 2024 · Closed on 30/09/2024

Net result74,7 k €-18,2 %over 1 year
Revenue1,5 M €
Equity593,5 k €+14,4 %over 1 year

Identity

Source · BCE/KBO

SELECTED CARS is a Private company with limited liability incorporated in 2010. Its main activity is: Sale of cars and light motor vehicles. Its registered office is in Ingelmunster.

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0822.839.716
Incorporation
03/02/2010
Legal form
Private company with limited liability
Registered office
Kortrijkstraat 136
8770 Ingelmunster · FlandreSee on map
Contributed capital
12 400,00 €
Latest accounts
30/09/2024
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 14 filings

Trend over 14 financial years

20242023202220212020
Income statement
Revenue1,5 M €––––
EBITDA56,6 k €158,7 k €275,2 k €299 k €77,7 k €
Operating result50,3 k €154,1 k €272,4 k €298 k €75,1 k €
Net result74,7 k €91,4 k €189,5 k €202,4 k €49,5 k €
Balance sheet
Equity593,5 k €518,7 k €427,4 k €237,9 k €35,6 k €
Total assets2 M €1,8 M €1,6 M €1,1 M €836,6 k €
Cash11,6 k €12,6 k €26,6 k €43,2 k €12,8 k €
Debts1,4 M €1,3 M €1,2 M €899,6 k €796,7 k €
Other
Workforce–––0,1 ETP–

Board of directors

Source · NBB, accounts to 30/09/2024

1 active · 5 ended

Active mandates

Cetin Ercan

Mandate

Active

Ended mandates

Ibrahim DINCER

Manager · since 07 septembre 2016 · until 11 mars 2017

Ended
Ercan Cetin

Director

Ended
Ercan CETIN

Manager

Ended
Kenan CAKAR

Manager · until 20 avril 2013

Ended

Other companies at this address

Kortrijkstraat 136 8770 Ingelmunster
CompanyCBE no.
Lion Motors● Active
0804.291.237

Full financial information

Source · NBB
202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/10/202301/10/202201/10/202101/10/202001/10/201901/10/2018
Closing of the financial year30/09/202430/09/202330/09/202230/09/202130/09/202030/09/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/12/202503/05/202428/04/202324/05/202218/05/202129/05/2020
General meeting09/03/202509/03/202411/03/202312/03/202213/03/202114/03/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202409/03/202517/12/2025DutchPDF
Abridged model30/09/202309/03/202403/05/2024DutchPDF
Abridged model30/09/202211/03/202328/04/2023DutchPDF
Abridged model30/09/202112/03/202224/05/2022DutchPDF
Abridged model30/09/202013/03/202118/05/2021DutchPDF
Micro model30/09/201914/03/202029/05/2020DutchPDF
Micro model30/09/201809/03/201920/02/2020DutchPDF
Micro model30/09/201709/03/201928/06/2019DutchPDF
Abridged model30/09/201611/03/201723/03/2017DutchPDF
Abridged model30/09/201512/03/201624/03/2016DutchPDF
Abridged model30/09/201414/03/201524/03/2015DutchPDF
Abridged model30/09/201308/03/201404/04/2014DutchPDF
Abridged model30/09/201209/03/201319/04/2013DutchPDF
Abridged model30/09/201110/03/201221/03/2012DutchPDF

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 30/09/2024

1 active · 5 ended

Active mandates

Cetin Ercan

Mandate

Active

Ended mandates

Ibrahim DINCER

Manager · since 07 septembre 2016 · until 11 mars 2017

Ended
Ercan Cetin

Director

Ended
Ercan CETIN

Manager

Ended
Kenan CAKAR

Manager · until 20 avril 2013

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office04/12/2025
    MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
    PDF
  • Mandates24/04/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/09/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office01/12/2014
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates04/06/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office07/07/2010
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates21/05/2010
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/02/2010
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2024
    Annual accounts 202474,7 k €↓
  2. 2023
    Annual accounts 202391,4 k €↓
  3. 2022
    Annual accounts 2022189,5 k €↓
  4. 2021
    Annual accounts 2021202,4 k €↑
  5. 2020
    Annual accounts 202049,5 k €↑
  6. 2019
    Annual accounts 20192,4 k €↑
  7. 2018
    Annual accounts 2018-47,6 k €↓
  8. 2017
    Annual accounts 2017-37,1 k €↓
  9. 2016
    Annual accounts 20167,2 k €↓
  10. 2015
    Annual accounts 201527,8 k €↑
  11. 2014
    Annual accounts 201411,5 k €↓
  12. 2013
    Annual accounts 201314,1 k €↑
  13. 2012
    Annual accounts 20122,9 k €↓
  14. 2011
    Annual accounts 20114,4 k €
  15. 03/02/2010
    IncorporationPrivate company with limited liability