High-energy heavy-ion collisions offer the unique possibility to study fundamental properties of nuclear matter in the laboratory, which are relevant for our understanding of the structure of compact stellar objects and the dynamics of neutron star mergers. Of particular interest are the nuclear matter equation of state (EOS), the in-medium modifications of hadrons and the degrees of freedom of matter at high densities and temperatures. Pioneering experiments exploring the EOS for symmetric matter were performed at the SIS18 accelerator of GSI, measuring, as function of beam energy, the collective flow of protons and of light fragments and subthreshold strangeness production. These data were reproduced by various microscopic transport model calculations, providing, up to date, the best constraint for the EOS of symmetric matter with an incompressibility of about 200 MeV for densities up to twice the saturation density. This article reviews the experimental results on subthreshold kaon production together with the theoretical interpretation and gives a brief outlook towards future experiments at higher densities.
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