Financials
Financial year 2025
Worth noting
- The team shrank two years in a row.
Revenue
€ 12.3 million
▼ 31% vs 2024
Profit
Healthy€ 31,775
▼ 90% vs 2024
Debts
Low€ 2.8 million
▼ 13% vs 2024
TEX DEVELOPMENT from Brussel, company number BE0806294682, closed financial year 2025 with a result of € 31,775 after tax. For that financial year TEX DEVELOPMENT recorded revenue of € 12.3 million and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 309,050 to € 31,775. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
What happened at TEX DEVELOPMENT?
What happened at TEX DEVELOPMENT 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
- K FINANCE COORDINATION & SERVICES SA stepped down as director. NBB
- Metin KANDIYOTI stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 31,775 (▼ 90% vs 2024). Source: NBB ↗
- Erol Kandiyoti became a director. NBB
- CLAUDE KANDIYOTI became a director. NBB
In short
From € 310,715 profit in 2021 to € 31,775 profit in 2025.
Paid € 274,286 in corporate taxes since 2021.
Best year ever: 2021, with € 310,715 profit.
Pays suppliers within 80 days on average.
A new publication or filing at TEX DEVELOPMENT? We notify you, reason included.
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History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
Indicative credit limit, computed from the real figures.
Alerts
News about who you follow, reason included.
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Management
Directors
According to the 2025 annual accounts
since 2023 · until 2029
CLAUDE KANDIYOTI
Director
since 2023 · until 2029
Igal KANDIYOTI
Managing director
Also active at: Chemitex, Admiro, K FINANCE COORDINATION & SERVICES +8 more
since 2023 · until 2029
K FINANCE COORDINATION & SERVICES SA
Director · represented by Ralfi KANDIYOTI
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Louizalaan 221 box 4
1050 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 29 companies are registered 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
Details
- Company number
- 0806.294.682
- VAT number
- BE 0806.294.682
- Registered office
- Louizalaan 221 bus 4, 1050 Brussel
- Names & denominations
- TEX DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 September 2008
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Groothandel in weefsels, stoffen en fournituren
Detailhandel in breigarens, handwerken en fournituren
Detailhandel in kledingstoffen
Detailhandel in huishoudtextiel en beddengoed
Detailhandel in overig textiel