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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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
29 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
K FINANCE COORDINATION & SERVICES from Elsene, company number BE0448586002, closed financial year 2025 with a result of € 8.9 million after tax. For that financial year K FINANCE COORDINATION & SERVICES recorded revenue of € 2 million and equity of € 104 million. Compared with financial year 2024, the result moved from € 3.6 million to € 8.9 million. Profitable, and profit is growing. 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 July 3, 2026.
€ 104 million
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8.9 million
▲ 143% vs 2024
Profit after tax over the fiscal year.
€ 1.7 million
▲ 97% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 18.8 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
5
Average over the fiscal year, from the social balance sheet.
€ 615,743
▼ 2% vs 2024
€ 123,100 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.
€ 94,303
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5 million
Loans from banks and other lenders, long and short.
€ 113,672
▲ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 24 days on average.
€ 193,702
▼ 46% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,618,308 | € 2,477,694 | € 2,095,954 | € 2,046,611 | ▼ 2% |
| Profit after taxes | € 32,176,603 | € 32,348,255 | € 3,639,956 | € 8,855,048 | ▲ 143% |
| Equity | € 83,260,775 | € 114,092,907 | € 113,911,240 | € 103,980,113 | ▼ 9% |
| Total debts | € 7,046,593 | € 2,074,060 | € 22,633,364 | € 29,551,972 | ▲ 31% |
| Cash | € 1,553,771 | € 383,948 | € 875,335 | € 1,724,550 | ▲ 97% |
| Retained profit | € 82,615,954 | € 113,448,086 | € 113,266,418 | € 103,335,292 | ▼ 9% |
| Dividend | € 1,600,000 | € 1,500,000 | € 3,795,000 | € 18,750,000 | ▲ € 15 million |
| Bank debt | € 5,000,000 | € 0 | € 5,000,000 | € 5,000,000 | |
| Balance sheet total | € 90,307,368 | € 116,166,968 | € 136,544,603 | € 133,532,085 | ▼ 2% |
| Employees (FTE) | 5 | 6 | 5 | 5 |
Key figures of K FINANCE COORDINATION & SERVICES, 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 K FINANCE COORDINATION & SERVICES?
What happened at K FINANCE COORDINATION & SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Erol KANDIYOTI stepped down as director. NBB
- Adnan KANDIYOTI stepped down as director. NBB
- CLAUDE KANDIYOTI stepped down as director. NBB
- Igal KANDIYOTI stepped down as director. NBB
- Sacha KANDIYOTI stepped down as director. NBB
- Metin KANDIYOTI stepped down as director. NBB
- Ralfi KANDIYOTI stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 8.9 million (▲ 143% vs 2024). Source: NBB ↗
In short
From € 32.2 million profit in 2022 to € 8.9 million profit in 2025.
Paid € 1.6 million in corporate taxes since 2022.
Best year ever: 2023, with € 32.3 million profit.
Paid out € 25.6 million in dividends to the owners in total.
A new publication or filing at K FINANCE COORDINATION & SERVICES? We notify you, reason included.
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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 RALIG INVEST, SIETH INVEST, VANCLO INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
K FINANCE COORDINATION & SERVICESThe shares are held by RALIG INVEST (33.3%), SIETH INVEST (33.3%) and VANCLO INVEST (33.3%). It owns 100% of TEX DEVELOPMENT, 99.9% of CHEMITEX, 98% of ADMIRO, 75% of COTITEX and 17.9% of BELGIAN LAND itself.
Directors
According to the 2025 annual accounts
Erol KANDIYOTI
Managing director
Also active at: L'Union Immobilière, Chemitex, Admiro, MUSICA MUNDI SCHOOL, TEX DEVELOPMENT, KREST REAL ESTATE INVESTMENTS, KREST 3, KREST 2 +3 more
since 2023 · until 2029
Adnan KANDIYOTI
Managing director
Also active at: Chemitex, KREST & C°, KREST REAL ESTATE INVESTMENTS, KREST 2, IMMO RHODE, MSG PARTICIPATIONS, VANCLO INVEST
since 2023 · until 2029
since 2023 · until 2029
Igal KANDIYOTI
Managing director
Also active at: Chemitex, Admiro, COTITEX, KREST & C°, TEX DEVELOPMENT, KREST 3, KREST 2, K PUURS LOGISTICS +3 more
since 2023 · until 2029
Sacha KANDIYOTI
Director
Also active at: KREST REAL ESTATE INVESTMENTS, KREST 2, K PUURS LOGISTICS, IMMO RHODE, MSG PARTICIPATIONS, SIETH INVEST
since 2023 · until 2029
Metin KANDIYOTI
Director
since 2023 · until 2029
since 2023 · until 2029
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Louizalaan 221
1050 Elsene
Louizalaan 221 box 4
1050 Brussel
Active since 4 August 1993
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
Chemitex same network
€ 101.3 million revenue · 2025
Amicale du Personnel d'Old England
Admiro same network
€ 25.4 million revenue · 2025
+24 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.586.002
- VAT number
- BE 0448.586.002
- Registered office
- Louizalaan 221, 1050 Elsene
- Names & denominations
- K FINANCE COORDINATION & SERVICES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 November 1992
- Peppol
- Active · Active since 17 Sept 2025
- Activities · NACE
Activiteiten van holdings
Financiële holdings
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Holdings
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