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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Figures corrected NBB
Corrected annual account filed for 2025.
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Busy address KBO
29 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
COTITEX from Brussel, company number BE0473839456, closed financial year 2025 with a result of € 783,497 after tax. For that financial year COTITEX recorded revenue of € 13.8 million and equity of € 5 million. Compared with financial year 2024, the result moved from € 957,364 to € 783,497. 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 12, 2026.
€ 5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 783,497
▼ 18% vs 2024
Profit after tax over the fiscal year.
€ 301,866
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 800,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 223,196
▼ 1% vs 2024
€ 111,600 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.
Debts at end 2025
€ 1.8 million
▲ 54% vs 2024
Loans from banks and other lenders, long and short.
€ 1.6 million
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 47 days on average.
€ 37,621
▼ 37% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 19,675,311 | € 12,206,361 | € 14,714,828 | € 13,786,003 | ▼ 6% |
| Profit after taxes | € 875,592 | € 1,029,401 | € 957,364 | € 783,497 | ▼ 18% |
| Equity | € 4,643,329 | € 4,866,756 | € 5,015,252 | € 4,998,749 | |
| Total debts | € 6,598,480 | € 5,185,459 | € 4,356,004 | € 4,283,592 | ▼ 2% |
| Cash | € 772,225 | € 337,983 | € 887,922 | € 301,866 | ▼ 66% |
| Retained profit | € 4,303,289 | € 4,526,716 | € 4,675,212 | € 4,658,709 | |
| Dividend | € 1,000,000 | € 800,000 | € 800,000 | € 800,000 | |
| Bank debt | € 3,591,318 | € 1,973,791 | € 1,187,795 | € 1,828,498 | ▲ 54% |
| Balance sheet total | € 11,241,809 | € 10,052,215 | € 9,371,256 | € 9,282,341 | ▼ 1% |
| Employees (FTE) | 2 | 2 | 2 | 2 |
Key figures of COTITEX, 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 COTITEX?
What happened at COTITEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Igal KANDIYOTI stepped down as director. NBB
- Ralfi KANDIYOTI stepped down as director. NBB
- Rony VAN DER CRUYSSEN stepped down as director. NBB
- CLAUDE KANDIYOTI stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. Source: NBB ↗
- CLAUDE KANDIYOTI became a director. NBB
- Igal KANDIYOTI became a director. NBB
- Ralfi KANDIYOTI became a director. NBB
In short
From € 875,592 profit in 2022 to € 783,497 profit in 2025.
Paid € 1.2 million in corporate taxes since 2022.
Best year ever: 2023, with € 1 million profit.
Paid out € 3.4 million in dividends to the owners in total.
A new publication or filing at COTITEX? 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 K FINANCE COORDINATION & SERVICES, DERVARO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COTITEXThe shares are held by K FINANCE COORDINATION & SERVICES (75%) and DERVARO (25%).
Directors
According to the 2025 annual accounts
Igal KANDIYOTI
Managing director
Also active at: Chemitex, Admiro, K FINANCE COORDINATION & SERVICES, KREST & C°, TEX DEVELOPMENT, KREST 3, KREST 2, K PUURS LOGISTICS +3 more
since 2018 · until 2029
Ralfi KANDIYOTI
Managing director
Also active at: Chemitex, Admiro, TEX DEVELOPMENT, KREST 3, K PUURS LOGISTICS, IMMO RHODE, RALIG INVEST
since 2018 · until 2029
since 2018 · until 2029
since 2020 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 221 box 4
1050 Brussel
Louizalaan 221 box B4
1050 Brussel
Active since 3 April 2002
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
€ 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
- 0473.839.456
- VAT number
- BE 0473.839.456
- Registered office
- Louizalaan 221 bus 4, 1050 Brussel
- Names & denominations
- COTITEX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 January 2001
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Handelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren
Handelsbemiddeling in textiel, kleding, schoeisel en artikelen van leer