Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
29 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Chemitex from Elsene, company number BE0407685456, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year Chemitex recorded revenue of € 101.3 million and equity of € 86.3 million. Compared with financial year 2024, the result moved from € 3.3 million to € 1.1 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 86.3 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▼ 68% vs 2024
Profit after tax over the fiscal year.
€ 2.7 million
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 5.5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
17.2
▼ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.9 million
▼ 8% vs 2024
€ 169,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 713,714
▲ 7% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8.3 million
▲ 38% vs 2024
Loans from banks and other lenders, long and short.
€ 8.3 million
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 31 days on average.
€ 1.3 million
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 157,788,574 | € 115,174,265 | € 109,267,212 | € 101,287,411 | ▼ 7% |
| Profit after taxes | € 7,628,800 | € 5,572,548 | € 3,307,325 | € 1,069,055 | ▼ 68% |
| Equity | € 113,248,747 | € 89,833,525 | € 90,028,596 | € 86,291,628 | ▼ 4% |
| Total debts | € 17,188,294 | € 11,788,333 | € 19,181,159 | € 23,511,797 | ▲ 23% |
| Cash | € 12,522,425 | € 2,176,846 | € 4,312,980 | € 2,715,155 | ▼ 37% |
| Land & buildings | € 294,639 | € 289,057 | € 283,475 | € 277,893 | ▼ 2% |
| Retained profit | € 110,100,786 | € 85,765,036 | € 85,230,170 | € 80,746,321 | ▼ 5% |
| Dividend | € 27,000,000 | € 29,875,185 | € 3,800,000 | € 5,500,000 | ▲ 45% |
| Bank debt | € 5,625,352 | € 316,313 | € 6,012,128 | € 8,292,932 | ▲ 38% |
| Balance sheet total | € 130,437,040 | € 101,621,858 | € 109,209,755 | € 109,803,425 | ▲ 1% |
| Employees (FTE) | 19.4 | 19 | 19.3 | 17.2 | ▼ 2.1 |
Key figures of Chemitex, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Chemitex?
What happened at Chemitex in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Erol KANDIYOTI stepped down as director. NBB
- CLAUDE KANDIYOTI stepped down as director. NBB
- Igal KANDIYOTI stepped down as director. NBB
- Ilan Zatalovski stepped down as director. NBB
- K FINANCE COORDINATION & SERVICES SA stepped down as director. NBB
- Adnan KANDIYOTI stepped down as director. NBB
- Metin KANDIYOTI stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.1 million (▼ 68% vs 2024). Source: NBB ↗
In short
From € 7.6 million profit in 2022 to € 1.1 million profit in 2025.
Paid € 6.4 million in corporate taxes since 2022.
Best year ever: 2022, with € 7.6 million profit.
Paid out € 66.2 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of K FINANCE COORDINATION & SERVICES, Admiro comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ChemitexThe shares are held by K FINANCE COORDINATION & SERVICES (99.9%) and Admiro (0%).
Directors
According to the 2025 annual accounts
Erol KANDIYOTI
Managing director
Also active at: L'Union Immobilière, Admiro, K FINANCE COORDINATION & SERVICES, MUSICA MUNDI SCHOOL, TEX DEVELOPMENT, KREST REAL ESTATE INVESTMENTS, KREST 3, KREST 2 +3 more
since 2023 · until 2029
CLAUDE KANDIYOTI
Director
since 2023 · until 2029
Igal KANDIYOTI
Managing director
Also active at: Admiro, K FINANCE COORDINATION & SERVICES, COTITEX, KREST & C°, TEX DEVELOPMENT, KREST 3, KREST 2, K PUURS LOGISTICS +3 more
since 2023 · until 2029
since 2023 · until 2029
K FINANCE COORDINATION & SERVICES SA
Director · represented by Ralfi Kandiyoti
Also active at: Admiro, TEX DEVELOPMENT
since 2023 · until 2029
since 2023 · until 2029
Metin KANDIYOTI
Director
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 221 box 4
1050 Elsene
Louizalaan 221
1050 Brussel
Active since 1 December 1970
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 29 companies are registered at this address.
All companies at this address →L'Union Immobilière same network
€ 39,400 gross margin · 2025
PATRIA
€ 107,560 gross margin · 2025
Amicale du Personnel d'Old England
Admiro same network
€ 25.4 million revenue · 2025
Association de l'Avenue Louise
+24 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
EUROTUX, PT
Domain
Domain
chemitex.com
Registered
1998-01-22
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2027-01-21
Website info
Features
Security
Details
- Company number
- 0407.685.456
- VAT number
- BE 0407.685.456
- Registered office
- Louizalaan 221 bus 4, 1050 Elsene
- Names & denominations
- Chemitex
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 December 1970
- Peppol
- Active · Active since 11 Dec 2025
- Contact
- chemitex.com +351 221 152 694
- Activities · NACE
Groothandel in weefsels, stoffen en fournituren
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Groothandel in huishoudtextiel en beddengoed