ACTIVE

Admiro

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

65,9 k €

-77.1% YoY

Revenue

25,4 M €

-18.0% YoY

Equity

6 M €

-29.0% YoY

Workforce

3,0 ETP

0.0% YoY

What does Admiro do?

Admiro is a Public limited company incorporated in 1972. Its main activity is: Wholesale of textiles. Its registered office is in Ixelles. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.443.010

Incorporation

31/05/1972

Legal form

Public limited company

Registered office

Avenue Louise 221
1050 Ixelles · BruxellesSee on map

Contributed capital

625 931,15 €

Latest accounts

31/12/2025

Average workforce

3,0 ETP

Activities (NACE)

46412Wholesale of textiles· main 46412Wholesale of textiles 51410Air transport

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	25,4 M €	-18.0%	31 M €	-5.2%	32,7 M €	-24.7%	43,4 M €	-3.3%	44,8 M €	+38.8%	32,3 M €	+22.5%	26,4 M €	-8.3%	28,8 M €	-12.4%	32,9 M €	+5.7%	31,1 M €	-7.5%	33,6 M €	-6.5%	35,9 M €	-8.6%	39,3 M €	+9.9%	35,8 M €	-9.6%	39,6 M €	-8.9%	43,4 M €	+35.4%	32,1 M €	-13.2%	37 M €	+3.2%	35,8 M €	+9.3%	32,8 M €
EBITDA	85,8 k €	-79.5%	419,1 k €	+49.7%	279,9 k €	-64.1%	780,1 k €	-58.4%	1,9 M €	+1141%	151,1 k €	+7.3%	140,9 k €	-27.1%	193,3 k €	-41.6%	330,8 k €	-3.4%	342,2 k €	-81.3%	1,8 M €	+60.1%	1,1 M €	+10.0%	1 M €	+5.1%	988,5 k €	-16.5%	1,2 M €	-12.5%	1,4 M €	+30.1%	1 M €	+38.7%	749,5 k €	-2.7%	770,6 k €	-25.9%	1 M €
Operating result	85,8 k €	-79.5%	419,1 k €	+49.7%	279,9 k €	-64.1%	780,1 k €	-59.0%	1,9 M €	+1388%	128 k €	-9.8%	141,9 k €	-24.9%	188,9 k €	-44.5%	340,4 k €	-6.7%	364,8 k €	-80.7%	1,9 M €	+62.6%	1,2 M €	+8.9%	1,1 M €	+2.0%	1 M €	-2.6%	1,1 M €	-18.8%	1,3 M €	+1.9%	1,3 M €	+165%	488,6 k €	-36.9%	773,9 k €	-21.1%	980,8 k €
Net result	65,9 k €	-77.1%	288,4 k €	+36.5%	211,2 k €	-63.7%	581,7 k €	-60.2%	1,5 M €	+758%	170,3 k €	+102%	84,3 k €	-53.6%	181,6 k €	-17.6%	220,3 k €	-33.8%	332,8 k €	-77.1%	1,5 M €	+78.4%	814,4 k €	-4.1%	849,1 k €	+0.6%	844 k €	-6.8%	906 k €	-13.8%	1,1 M €	+19.8%	876,7 k €	+75.5%	499,7 k €	-13.3%	576,4 k €	-30.3%	826,8 k €
Balance sheet
Equity	6 M €	-29.0%	8,4 M €	+3.5%	8,1 M €	+2.6%	7,9 M €	+7.9%	7,3 M €	+24.7%	5,9 M €	+3.0%	5,7 M €	+1.5%	5,6 M €	-51.0%	11,4 M €	+2.0%	11,2 M €	-16.2%	13,4 M €	-4.0%	14 M €	-1.3%	14,1 M €	+6.4%	13,3 M €	+6.8%	12,4 M €	+7.9%	11,5 M €	+10.0%	10,5 M €	+9.1%	9,6 M €	+5.5%	9,1 M €	+6.8%	8,5 M €
Total assets	8,2 M €	-22.7%	10,6 M €	+1.2%	10,5 M €	-19.1%	12,9 M €	-18.8%	15,9 M €	-2.9%	16,4 M €	+39.9%	11,7 M €	-28.4%	16,3 M €	-4.4%	17,1 M €	-4.1%	17,8 M €	-8.8%	19,5 M €	-1.7%	19,9 M €	+5.3%	18,9 M €	+4.4%	18,1 M €	+11.6%	16,2 M €	-15.1%	19,1 M €	+32.5%	14,4 M €	-7.8%	15,6 M €	-10.0%	17,3 M €	+11.6%	15,5 M €
Cash	911,1 k €	-4.6%	954,8 k €	+170%	354,1 k €	-51.8%	735,1 k €	-35.6%	1,1 M €	-59.2%	2,8 M €	+132%	1,2 M €	+92.8%	624,2 k €	+10.9%	563,1 k €	-11.7%	638 k €	-58.1%	1,5 M €	-75.0%	6,1 M €	+123%	2,7 M €	+36.2%	2 M €	-14.1%	2,3 M €	+331%	543,1 k €	-47.4%	1 M €	+43.4%	720,5 k €	-59.9%	1,8 M €	+9.0%	1,7 M €
Debts	2,2 M €	+2.1%	2,2 M €	+8.7%	2 M €	-60.1%	5 M €	-41.5%	8,6 M €	-18.3%	10,5 M €	+75.5%	6 M €	-44.1%	10,7 M €	+90.4%	5,6 M €	-14.4%	6,6 M €	+7.4%	6,1 M €	+36.2%	4,5 M €	+47.0%	3,1 M €	-1.5%	3,1 M €	+49.5%	2,1 M €	-64.6%	5,9 M €	+162%	2,2 M €	-48.4%	4,3 M €	-35.0%	6,7 M €	+20.4%	5,5 M €
Other
Workforce	3,0 ETP	0.0%	3,0 ETP	-21.1%	3,8 ETP	-11.6%	4,3 ETP	+19.4%	3,6 ETP	-18.2%	4,4 ETP	+7.3%	4,1 ETP	-4.7%	4,3 ETP	-6.5%	4,6 ETP	+64.3%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	+7.7%	2,6 ETP	-13.3%	3,0 ETP	-40.0%	5,0 ETP	-33.3%	7,5 ETP	0.0%	7,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 34 ended

Active mandates

Claude KANDIYOTI

Director · since 28 mars 2018 · until 17 mai 2029

Active

Erol KANDIYOTI

Managing director · since 28 mars 2018 · until 17 mai 2029

Active

Igal KANDIYOTI

Managing director · since 28 mars 2018 · until 17 mai 2029

Active

K FINANCE COORDINATION & SERVICES

Director · since 18 mars 2018 · until 17 mai 2029 · 0448.586.002

Represented by Ralfi KANDIYOTI

Active

Ended mandates

Claude KANDIYOTI

Director · since 28 mars 2018 · until 18 mai 2023

Ended

Claude KANDIYOTI

Director · since 28 mars 2018

Ended

Erol KANDIYOTI

Managing director · since 28 mars 2018 · until 18 mai 2023

Ended

Erol KANDIYOTI

Managing director · since 28 mars 2018

Ended

At this address

Other companies at this address

Company	CBE no.
Amicale du Personnel d'Old England● Active	0409.491.636
Association de l'Avenue Louise● Active	0414.798.922
Association Européenne pour l'Interopérabilité Ferroviaire● Liquidation	0453.973.559
Chemitex● Active	0407.685.456
COTITEX● Active	0473.839.456
IMMO RHODE● Active	0876.321.160
Intercot● Liquidation	0418.417.814
JAYDE● Active	0475.891.601
KF FOUNDATION● Active	0802.348.267
K FINANCE COORDINATION & SERVICES● Active	0448.586.002
K PUURS LOGISTICS● Active	0865.543.371
KREST 2● Active	0846.689.739
KREST 3● Active	0846.683.108
KREST & C°● Active	0782.331.625
KREST REAL ESTATE INVESTMENTS● Active	0834.802.289
KREST UNIT● Active	0663.532.656
KRKA Belgium● Active	0508.714.223
L&E GLOBAL● Active	0832.474.883
L'Union Immobilière● Active	0402.946.413
PATRIA● Active	0403.287.891

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/06/2026	19/06/2025	12/06/2024	09/06/2023	16/06/2022	08/07/2021
General meeting	21/05/2026	15/05/2025	16/05/2024	19/05/2023	19/05/2022	15/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	21/05/2026	12/06/2026	French	PDF
Full model	31/12/2024	15/05/2025	19/06/2025	French	PDF
Full model	31/12/2023	16/05/2024	12/06/2024	French	PDF
Full model	31/12/2022	19/05/2023	09/06/2023	French	PDF
Full model	31/12/2021	19/05/2022	16/06/2022	French	PDF
Full model	31/12/2020	15/06/2021	08/07/2021	French	PDF
Full model	31/12/2019	22/05/2020	09/06/2020	French	PDF
Full model	31/12/2018	16/05/2019	06/06/2019	French	PDF
Full model	31/12/2017	17/05/2018	12/06/2018	French	PDF
Full model	31/12/2016	12/04/2017	26/04/2017	French	PDF
Full model	31/12/2015	13/04/2016	02/05/2016	French	PDF
Full model	31/12/2014	08/04/2015	23/04/2015	French	PDF
Full model	31/12/2013	09/04/2014	14/04/2014	French	PDF
Full model	31/12/2012	10/04/2013	02/05/2013	French	PDF
Full model	31/12/2011	11/04/2012	09/05/2012	French	PDF
Full model	31/12/2010	13/04/2011	26/04/2011	French	PDF
Full model	31/12/2009	14/04/2010	26/04/2010	French	PDF
Full model	31/12/2008	08/04/2009	06/05/2009	French	PDF
Full model	31/12/2007	09/04/2008	06/05/2008	French	PDF
Full model	31/12/2006	11/04/2007	10/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 34 ended

Active mandates

Claude KANDIYOTI

Director · since 28 mars 2018 · until 17 mai 2029

Active

Erol KANDIYOTI

Managing director · since 28 mars 2018 · until 17 mai 2029

Active

Igal KANDIYOTI

Managing director · since 28 mars 2018 · until 17 mai 2029

Active

K FINANCE COORDINATION & SERVICES

Director · since 18 mars 2018 · until 17 mai 2029 · 0448.586.002

Represented by Ralfi KANDIYOTI

Active

Ended mandates

Claude KANDIYOTI

Director · since 28 mars 2018 · until 18 mai 2023

Ended

Claude KANDIYOTI

Director · since 28 mars 2018

Ended

Erol KANDIYOTI

Managing director · since 28 mars 2018 · until 18 mai 2023

Ended

Erol KANDIYOTI

Managing director · since 28 mars 2018

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/09/2026
RENOUVELLEMENT DE MANDAT COMMISSAIRE
PDF
Other31/05/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates05/08/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates07/05/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates13/04/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates05/05/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates02/05/2013
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202565,9 k €↓
2024
Annual accounts 2024288,4 k €↑
2023
Annual accounts 2023211,2 k €↓
2022
Annual accounts 2022581,7 k €↓
2021
Annual accounts 20211,5 M €↑
2020
Annual accounts 2020170,3 k €↑
2019
Annual accounts 201984,3 k €↓
2018
Annual accounts 2018181,6 k €↓
2017
Annual accounts 2017220,3 k €↓
2016
Annual accounts 2016332,8 k €↓
2015
Annual accounts 20151,5 M €↑
2014
Annual accounts 2014814,4 k €↓
2013
Annual accounts 2013849,1 k €↑
2012
Annual accounts 2012844 k €↓
2011
Annual accounts 2011906 k €↓
2010
Annual accounts 20101,1 M €↑
2009
Annual accounts 2009876,7 k €↑
2008
Annual accounts 2008499,7 k €↓
2007
Annual accounts 2007576,4 k €↓
2006
Annual accounts 2006826,8 k €
31/05/1972
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Admiro

Overview

What does Admiro do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline