ACTIVE

Ssangyong Motors Middle Europe

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Financial year 2025 · Closed on 31/12/2025

Net result-531,8 k €-126,0 %over 1 year

Revenue37 M €-57,4 %over 1 year

Equity1,3 M €-29,4 %over 1 year

Workforce2,8 ETP+180,0 %over 1 year

Identity

Source · BCE/KBO

Ssangyong Motors Middle Europe is a Public limited company incorporated in 2010. Its main activity is: Sale of cars and light motor vehicles. Its registered office is in Mechelen. It employs on average 2,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0829.189.355
Incorporation: 13/09/2010
Legal form: Public limited company
Registered office: Bedrijvenlaan 4
2800 Mechelen · FlandreSee on map
Contributed capital: 1 500 000,00 €
Latest accounts: 31/12/2025
Average workforce: 2,8 ETP

Activities (NACE)

45111Sale of cars and light motor vehicles· main 46711Wholesale of solid, liquid and gaseous fuels and related products 29201Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers 29201Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers 45112Sale of cars and light motor vehicles 45310Wholesale trade of motor vehicle parts and accessories+4

Joint committees (2)

Signals

Positive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 16 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	37 M €	-57.4%	86,7 M €	-31.1%	125,8 M €	+57.9%	79,7 M €	+25.4%	63,6 M €
EBITDA	963,3 k €	-2.1%	984,1 k €	-73.2%	3,7 M €	+96.3%	1,9 M €	-9.7%	2,1 M €
Operating result	922,4 k €	-65.1%	2,6 M €	+39.4%	1,9 M €	+5.1%	1,8 M €	-14.9%	2,1 M €
Net result	-531,8 k €	-126%	2 M €	+37.4%	1,5 M €	-47.9%	2,9 M €	-11.0%	3,2 M €
Balance sheet
Equity	1,3 M €	-29.4%	1,8 M €	0.0%	1,8 M €	0.0%	1,8 M €	+0.3%	1,8 M €
Total assets	25,1 M €	+48.0%	16,9 M €	-46.1%	31,4 M €	-9.8%	34,8 M €	+108%	16,7 M €
Cash	6,1 M €		0 €		0 €		–		4,8 M €
Debts	23,3 M €	+60.1%	14,5 M €	-50.3%	29,2 M €	-8.6%	32 M €	+122%	14,4 M €
Other
Workforce	2,8 ETP	+180%	1,0 ETP	0.0%	1,0 ETP	-37.5%	1,6 ETP	-60.0%	4,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 33 ended

Active mandates

Astara Western Europe

Director · since 01 juin 2023 · until 01 juin 2026 · 0473.558.156

Represented by Olivier Sermeus

Active

Ended mandates

Astara Western Europe

Director · since 29 juin 2020 · until 02 juin 2023 · 0473.558.156

Represented by Herman Claes

Ended

Astara Western Europe

Director · since 29 juin 2020 · until 01 juin 2023 · 0473.558.156

Represented by Olivier Sermeus

Ended

Astara Western Europe

Director · since 29 juin 2020 · until 02 juin 2023 · 0473.558.156

Represented by Olivier Sermeus

Ended

Didier Vanderperren

Director · since 03 juin 2019 · until 29 juin 2020

Ended

Other companies at this address

Bedrijvenlaan 4 2800 Mechelen

Company	CBE no.
Astara Financial Products● Active	0421.844.981
Astara Western Europe● Active	0473.558.156
ISUZU BENELUX● Active	0866.701.037
Korean Motor Company● Active	0404.273.333
Maxomotive● Active	0430.801.744
SUZUKI BELGIUM● Active	0421.846.763

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/06/2026	12/06/2025	21/06/2024	29/06/2023	13/06/2022	24/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	01/06/2023	01/06/2022	01/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	01/06/2026	15/06/2026	Dutch	PDF
Full model	31/12/2024	02/06/2025	12/06/2025	Dutch	PDF
Full model	31/12/2023	03/06/2024	21/06/2024	Dutch	PDF
Full model	31/12/2022	01/06/2023	29/06/2023	Dutch	PDF
Full model	31/12/2021	01/06/2022	13/06/2022	Dutch	PDF
Full modelCorrection	31/12/2020	01/06/2021	24/06/2021	Dutch	PDF
Full model	31/12/2020	01/06/2021	11/06/2021	Dutch	PDF
Full model	31/12/2019	02/06/2020	23/06/2020	Dutch	PDF
Full model	31/12/2018	03/06/2019	24/06/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	31/07/2018	Dutch	PDF
Full model	31/12/2016	01/06/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	01/06/2016	21/06/2016	Dutch	PDF
Full model	31/12/2014	01/06/2015	29/06/2015	Dutch	PDF
Full model	31/12/2013	12/06/2014	13/06/2014	Dutch	PDF
Full model	31/12/2012	13/06/2013	02/07/2013	Dutch	PDF
Full model	31/12/2011	14/06/2012	23/07/2012	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 31/12/2025

1 active · 33 ended

Active mandates

Astara Western Europe

Director · since 01 juin 2023 · until 01 juin 2026 · 0473.558.156

Represented by Olivier Sermeus

Active

Ended mandates

Astara Western Europe

Director · since 29 juin 2020 · until 02 juin 2023 · 0473.558.156

Represented by Herman Claes

Ended

Astara Western Europe

Director · since 29 juin 2020 · until 01 juin 2023 · 0473.558.156

Represented by Olivier Sermeus

Ended

Astara Western Europe

Director · since 29 juin 2020 · until 02 juin 2023 · 0473.558.156

Represented by Olivier Sermeus

Ended

Didier Vanderperren

Director · since 03 juin 2019 · until 29 juin 2020

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Registered office13/06/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates18/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/09/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates03/07/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025-531,8 k €↓
2024
Annual accounts 20242 M €↑
2023
Annual accounts 20231,5 M €↓
2022
Annual accounts 20222,9 M €↓
2021
Annual accounts 20213,2 M €↓
2020
Annual accounts 20206,4 M €↑
2019
Annual accounts 2019956,2 k €↓
2018
Annual accounts 20184,6 M €↑
2017
Annual accounts 20172 M €↓
2016
Annual accounts 20162,4 M €↑
2015
Annual accounts 20152,3 M €↑
2014
Annual accounts 2014149,4 k €↑
2013
Annual accounts 2013-2,2 M €↑
2012
Annual accounts 2012-5,7 M €↓
2011
Annual accounts 2011-2,2 M €
13/09/2010
IncorporationPublic limited company

Ssangyong Motors Middle Europe

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline