SELECTED CARS
A bankruptcy procedure is open for SELECTED CARS according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €593k and a net result of €75k.
| Equity | €593k |
| Net result | €75k |
| Better than sector | 65% |
| Active | 16 yrs |
Fragile profile — watch stability in particular.
Bankruptcy opened
A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 29.1% | 15.8% | |
| Net result | €75k | €19k | |
| Equity | €593k | €64k | |
| Gross operating margin | €69k | €139k | |
| Staff costs | €8k | €153k |
| Fiscal year | 2024 |
|---|---|
| Revenue | €1.55M |
| EBITDA | €57k |
| Net profit | €75k |
| Cash flow | €81k |
| Staff costs | €8k |
| Income taxes | €32k |
| Dividends | — |
| Total assets | €2.04M |
| Equity | €593k |
| Debt | €1.45M |
| of which ≤ 1y | €1.44M |
| of which > 1y | — |
| Working capital | €334k |
| Employees (FTE) | — |
| 2024 | |
|---|---|
| Current ratio | 1.23 |
| Quick ratio | 1.07 |
| Working capital ratio | 16.4% |
| Solvency | 29.1% |
| Debt / equity | 2.44 |
| Long-term debt ratio | — |
| Interest coverage | 1.52 |
| Gross margin | 4.5% |
| Net margin | 4.8% |
| ROA | 3.7% |
| ROE | 12.6% |
| EBITDA margin | 3.7% |
| Days sales outstanding | 159d |
| Days payable outstanding | 192d |
| Inventory turnover | 6.45 |
| Days inventory (DSI) | 57d |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €2.04M |
| Fixed assets | 21/28 | €264k |
| Tangible fixed assets | 22/27 | €12k |
| Financial fixed assets | 28 | €252k |
| Current assets | 29/58 | €1.78M |
| Stocks & contracts in progress | 3 | €229k |
| Amounts receivable within one year | 40/41 | €1.53M |
| Cash & bank | 54/58 | €12k |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.04M |
| Equity | 10/15 | €593k |
| Contributions / capital | 10/11 | €12k |
| Reserves | 13 | €581k |
| Amounts payable | 17/49 | €1.45M |
| Amounts payable within one year | 42/48 | €1.44M |
| Trade debts payable within one year | 44 | €779k |
| Income statement | ||
| Turnover | 70 | €1.55M |
| Gross operating margin | 9900 | €69k |
| Operating result | 9901 | €50k |
| Financial income | 75 | €57k |
| Financial charges | 65 | €37k |
| Result before taxes | 9903 | €107k |
| Income taxes | 67/77 | €32k |
| Net result for the period | 9904 | €75k |
| Result to be appropriated | 9905 | €75k |
Former directors (2)
-
Former07-09-2016 → 11-03-2017
2 events
- 11-03-2017 Resigned· Manager
- 07-09-2016 Appointed· Manager
-
Former26-02-2010 → 20-04-2013
2 events
- 20-04-2013 Resigned· Manager
- 26-02-2010 Appointed· Manager
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | TIM DIERYNCK STATIONSSTRAAT 82A/0001,
8860 LENDELEDE |
31-03-2026 → present | Belgian State Gazette |
| NACE primary | Wholesale trade(46711) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 03-02-2010 |
| Status | Active |
| Postal code | 8770 |
| First BS signal | 07-04-2026 |
| Latest BS signal | 07-04-2026 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007D0370/00R003 | Flanders | 415 m² | 1 · 700 m² | 9.3 m · 1 fl. |
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
04-12-2025 Registered office moved from Ledegem to Ingelmunster
- De Hoogte 15 - 8880 Ledegem → Kortrijkstraat 136 te 8770 Ingelmunster
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Kortrijkstraat 136 te 8770 Ingelmunster",
"city": "Ingelmunster",
"region": "vlaams_gewest",
"street": "Kortrijkstraat",
"country": "BE",
"postcode": "8770",
"box_number": null,
"street_number": "136",
"locality_suffix": null
},
"old_address": {
"raw": "De Hoogte 15 - 8880 Ledegem",
"city": "Ledegem",
"region": "vlaams_gewest",
"street": "De Hoogte",
"country": "BE",
"postcode": "8880",
"box_number": null,
"street_number": "15",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "beide",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Luik",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-12-04",
"filing_date": "2025-11-26",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2025-11-21",
"unanimous": null
},
"subject_company": {
"kbo": "0822.839.716",
"name_full": "Selected cars",
"legal_form": "bv",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Cetin Ercan",
"org_rep_person_name": null,
"person_role_at_subject": "bestuurder"
},
"co_filed_documents": []
}04-12-2025 Articles of association amended
Technical details
{
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-12-04",
"filing_date": "2025-11-26",
"act_kind_objet": "Verplaatsing zetel"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"act_date": "2025-11-21",
"unanimous": null
},
"statute_change": {
"kinds": [
"seat_region_change"
],
"scope": null,
"trigger": "zetel_change_consequence",
"language_after": null,
"language_before": null
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0822.839.716",
"name_full_after": "Selected cars",
"legal_form_after": "bv",
"name_full_before": "Selected cars",
"current_zetel_raw": "De Hoogte 15 - 8880 Ledegem",
"legal_form_before": "bv"
},
"special_mandates": [],
"articles_modified": [],
"governance_change": null,
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"co_filed_documents": [],
"shareholder_rights": null,
"voorwerp_change_summary": null,
"capital_structure_change": null,
"coordinated_text_lineage": null
}04-12-2025 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": false,
"seat_change": true,
"object_change": false,
"effective_date": "2025-11-21",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0822.839.716",
"name_full": "SELECTED CARS",
"legal_form": "BVBA"
},
"signature_regime": null,
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}04-12-2025 Registered office moved from Ledegem to Ingelmunster
- De Hoogte 15, 8880 Ledegem → Kortrijkstraat 136, 8770 Ingelmunster
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Ingelmunster",
"region": null,
"street": "Kortrijkstraat",
"country": "BE",
"postcode": "8770",
"box_number": null,
"street_number": "136"
},
"old_address": {
"city": "Ledegem",
"region": null,
"street": "De Hoogte",
"country": "BE",
"postcode": "8880",
"box_number": null,
"street_number": "15"
},
"effective_date": "2025-11-26",
"evidence_quote": "De bijzondere algemene vergadering wordt beslist om de zetel vanaf heden te verplaatsen naar Kortrijkstraat 136 te 8770 Ingelmunster."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0822.839.716",
"name_full": "SELECTED CARS",
"legal_form": "BVBA"
}
}24-04-2017 Ibrahim DINCER resigns as manager
- Ibrahim DINCER — Zaakvoerder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "Ibrahim DINCER",
"address": null,
"birth_date": null
},
"effective_date": "2017-03-11",
"evidence_quote": "Uit de notulen van de algemene jaarvergadering dd. 11/03/2017, gehouden ter maatschappelijke zetel, blijkt de aanvaarding van het ontslag met ingang van 11/03/2017, van de heer Ibrahim DINCER, wonende te Beemdenstraat 4, 3510 Kermt-Hasselt, als zaakvoerder van de vennootschap."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0822.839.716",
"name_full": "SELECTED CARS",
"legal_form": "BVBA"
}
}29-09-2016 Ibrahim DINCER appointed as manager
- Ibrahim DINCER — Zaakvoerder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "Ibrahim DINCER",
"address": null,
"birth_date": null
},
"effective_date": "2016-09-07",
"evidence_quote": "Uit het verslag van de bijzondere algemene vergadering dd. 7 september 2016 blijkt de benoeming van de heer Ibrahim DINCER, wonende Beemdenstraat 4 te 3510 KERMT-HASSELT tot zaakvoerder van de vennootschap, en dit met ingang van 7 september 2016."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0822.839.716",
"name_full": "SELECTED CARS",
"legal_form": "BVBA"
}
}01-12-2014 Registered office moved from Izegem to Sint-Eloois-Winkel
- Schoolstraat 41, 8870 Izegem → De Hoogte 15, 8880 Sint-Eloois-Winkel
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Sint-Eloois-Winkel",
"region": null,
"street": "De Hoogte",
"country": "BE",
"postcode": "8880",
"box_number": null,
"street_number": "15"
},
"old_address": {
"city": "Izegem",
"region": null,
"street": "Schoolstraat",
"country": "BE",
"postcode": "8870",
"box_number": "4",
"street_number": "41"
},
"effective_date": "2014-09-22",
"evidence_quote": "Bij beslissing van de zaakvoerder wordt de maatschappelijke zetel, voorheen gevestigd Schoolstraat 41, Bus 4 te 8870 Izegem, overgebracht naar De Hoogte 15 te 8880 Sint-Eloois-Winkel. De adreswijziging gaat in vanaf 22/09/2014."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0822.839.716",
"name_full": "SELECTED CARS",
"legal_form": "BVBA"
}
}04-06-2013 Kenan CAKAR resigns as manager
- Kenan CAKAR — Zaakvoerder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "Kenan CAKAR",
"address": null,
"birth_date": null
},
"effective_date": "2013-04-20",
"evidence_quote": "Vit de notulen van de bijzondere algemene vergadering dd. 20/04/2013, gehouden ter maatschappelijke zetel, blijkt de aanvaarding van het ontslag met onmiddellijke ingang, van de heer Kenan CAKAR als zaakvoerder van de vennootschap."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0822.839.716",
"name_full": "SELECTED CARS",
"legal_form": "BVBA"
}
}07-07-2010 Registered office moved from SINT-ELOOIS-WINKEL to Izegem
- Stenen Stampkot 39, 8880 SINT-ELOOIS-WINKEL → Schoolstraat 41, 8870 Izegem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Izegem",
"region": null,
"street": "Schoolstraat",
"country": "BE",
"postcode": "8870",
"box_number": "4",
"street_number": "41"
},
"old_address": {
"city": "SINT-ELOOIS-WINKEL",
"region": null,
"street": "Stenen Stampkot",
"country": "BE",
"postcode": "8880",
"box_number": null,
"street_number": "39"
},
"effective_date": "2010-06-21",
"evidence_quote": "Bij beslissing van de zaakvoerder wordt de maatschappelijke zetel overgebracht naar de Schoolstraat 41 Bus 4 te 8870 Izegem. De adreswijziging gaat in vanaf 21/06/2010."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0822.839.716",
"name_full": "SELECTED CARS",
"legal_form": "BVBA"
}
}26-02-2010 Kenan CAKAR appointed as manager
- Kenan CAKAR — Zaakvoerder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "Kenan CAKAR",
"address": null,
"birth_date": null
},
"evidence_quote": "Uit de notulen van de bijzondere algemene vergadering gehouden op 5 februari 2010 blijkt de benoeming als zaakvoerder van de heer Kenan CAKAR, Kortestraat 12 te 3000 Leuven."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0822.839.716",
"name_full": "SELECTED CARS",
"legal_form": "BVBA"
}
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | SELECTED CARS |