ACTIVE

Admiro

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Financial year 2025 · Closed on 31/12/2025

Net result65,9 k €-77,1 %over 1 year

Revenue25,4 M €-18,0 %over 1 year

Equity6 M €-29,0 %over 1 year

Workforce3,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

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

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	85,8 k €	-79.5%	419,1 k €	+49.7%	279,9 k €	-64.1%	780,1 k €	-58.4%	1,9 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 €
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 €
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 €
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 €
Cash	911,1 k €	-4.6%	954,8 k €	+170%	354,1 k €	-51.8%	735,1 k €	-35.6%	1,1 M €
Debts	2,2 M €	+2.2%	2,2 M €	+8.7%	2 M €	-60.1%	5 M €	-41.5%	8,6 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

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Claude KANDIYOTI	Director30/11/2007 → 17/05/2029
Erol KANDIYOTI	Managing director11/04/2001 → 17/05/2029
Igal KANDIYOTI	Managing director13/04/2011 → 17/05/2029Director30/11/2007 → 2010 accountsended
K FINANCE COORDINATION & SERVICES0448.586.002Represented by RALFI KANDIYOTI	Director11/04/2001 → 17/05/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ralfi KANDIYOTI	Managing director13/04/2011 → 2014 accountsDirector30/11/2007 → 2010 accounts

Other companies at this address

Avenue Louise 221 1050 Ixelles

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

Full financial information

Source · NBB

	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	28/09/2026	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full modelCorrection	31/12/2025	21/05/2026	28/09/2026	French	PDF
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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Claude KANDIYOTI	Director30/11/2007 → 17/05/2029
Erol KANDIYOTI	Managing director11/04/2001 → 17/05/2029
Igal KANDIYOTI	Managing director13/04/2011 → 17/05/2029Director30/11/2007 → 2010 accountsended
K FINANCE COORDINATION & SERVICES0448.586.002Represented by RALFI KANDIYOTI	Director11/04/2001 → 17/05/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ralfi KANDIYOTI	Managing director13/04/2011 → 2014 accountsDirector30/11/2007 → 2010 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Erol KANDIYOTI

Igal KANDIYOTI

Claude KANDIYOTI

K FINANCE COORDINATION & SERVICES

Ralfi KANDIYOTI

METIN KANDIYOTI

ADNAN KANDIYOTI

1972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

Admiro

Avenue Louise 221, 1050 Ixelles

Managing director

Managing directorDirector

Director

Managing directorDirector

Managing director

DirectorManaging director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Louise 221, 1050 IxellesCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00541122

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
AdmiroCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00541122

Events

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

Admiro

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events