> But i've tried an old 0.138 and its the same issue.
I can pretty much guarantee that it's your artwork layout effecting the game. You have two choices, move the kaiserkn.zip artwork out of that folder or make sure all artwork elements are OFF before running MAME to ensure that none of the artwork settings are being used.
If using command line, make sure these commands issued or set in INI if you don't want artwork to be used.
That said, there is an issue with cropping that is in u4 that has been fixed for 0.140.