ACTIVE

K FINANCE COORDINATION & SERVICES

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Financial year 2024 · closed on 31/12/2024

Net result

3,6 M €

-88.7% YoY

Revenue

2,1 M €

-15.4% YoY

Equity

113,9 M €

-0.2% YoY

Workforce

5,0 ETP

-16.7% YoY

What does K FINANCE COORDINATION & SERVICES do?

K FINANCE COORDINATION & SERVICES is a Public limited company incorporated in 1992. Its main activity is: Activities of holding companies. Its registered office is in Ixelles. It employs on average 5,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.586.002

Incorporation

04/11/1992

Legal form

Public limited company

Registered office

Avenue Louise 221
1050 Ixelles · BruxellesSee on map

Contributed capital

644 821,54 €

Latest accounts

31/12/2024

Average workforce

5,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 65231Reinsurance 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities+2

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	2,1 M €	-15.4%	2,5 M €	-5.4%	2,6 M €	+15.0%	2,3 M €	+17.8%	1,9 M €	-17.8%	2,4 M €	-8.1%	2,6 M €	+0.3%	2,5 M €	-0.5%	2,6 M €	-6.3%	2,7 M €	+14.1%	2,4 M €	+7.1%	2,2 M €	-7.7%	2,4 M €	+63.4%	1,5 M €	+249%	425,0 k €	0.0%	425,0 k €	+9.8%	386,9 k €	0.0%	386,9 k €	-6.5%	413,9 k €
EBITDA	-328,4 k €	-161%	540,6 k €	-20.5%	680,3 k €	+55.2%	438,3 k €	+19.6%	366,5 k €	-62.9%	988,2 k €	-21.7%	1,3 M €	-2.2%	1,3 M €	-1.3%	1,3 M €	-19.6%	1,6 M €	+23.1%	1,3 M €	-6.7%	1,4 M €	-4.6%	1,5 M €	+78.6%	831,2 k €	+227%	254,1 k €	+1.0%	251,6 k €	-56.5%	578,0 k €	+324%	136,2 k €	-48.6%	265,2 k €
Operating result	-328,4 k €	-161%	540,6 k €	-20.5%	680,3 k €	+55.2%	438,3 k €	+19.6%	366,5 k €	-62.9%	988,2 k €	-21.7%	1,3 M €	-2.2%	1,3 M €	-1.3%	1,3 M €	-19.6%	1,6 M €	+23.1%	1,3 M €	-6.7%	1,4 M €	-4.6%	1,5 M €	+78.6%	831,2 k €	+227%	254,1 k €	+1.0%	251,6 k €	-56.5%	578,0 k €	+324%	136,2 k €	-48.6%	265,2 k €
Net result	3,6 M €	-88.7%	32,3 M €	+0.5%	32,2 M €	+17896%	178,8 k €	-93.5%	2,7 M €	-93.6%	42,5 M €	+652%	5,6 M €	-29.6%	8,0 M €	+43.2%	5,6 M €	-3.7%	5,8 M €	+10372%	55,5 k €	-99.4%	9,2 M €	+170%	3,4 M €	-73.7%	12,9 M €	+8697%	146,4 k €	+163%	55,7 k €	-76.1%	232,8 k €	-94.2%	4,0 M €	+54.3%	2,6 M €
Balance sheet
Equity	113,9 M €	-0.2%	114,1 M €	+37.0%	83,3 M €	+58.0%	52,7 M €	-0.6%	53,0 M €	+5.4%	50,3 M €	+546%	7,8 M €	+262%	2,2 M €	-76.5%	9,2 M €	+13.6%	8,1 M €	+79.2%	4,5 M €	-31.2%	6,5 M €	+247%	1,9 M €	+152%	747,5 k €	-21.1%	947,8 k €	-97.3%	35,1 M €	+0.2%	35,0 M €	+0.7%	34,8 M €	+12.9%	30,8 M €
Total assets	136,5 M €	+17.5%	116,2 M €	+28.6%	90,3 M €	+22.7%	73,6 M €	+17.4%	62,7 M €	+8.0%	58,0 M €	+20.9%	48,0 M €	+2.1%	47,0 M €	+20.1%	39,1 M €	-3.6%	40,6 M €	+10.1%	36,9 M €	+0.0%	36,9 M €	+7.3%	34,4 M €	-36.0%	53,8 M €	+37.3%	39,2 M €	+0.3%	39,0 M €	-1.1%	39,5 M €	-2.5%	40,5 M €	+3.8%	39,0 M €
Cash	875,3 k €	+128%	383,9 k €	-75.3%	1,6 M €	-45.7%	2,9 M €	+562%	432,0 k €	-45.9%	797,9 k €	+2659%	28,9 k €	-95.8%	683,9 k €	+30.8%	522,9 k €	+15.8%	451,7 k €	+73.8%	259,9 k €	+1345%	18,0 k €	+107%	8,7 k €	-33.9%	13,2 k €	-93.8%	211,8 k €	+176%	76,8 k €	-90.3%	788,9 k €	+2892%	26,4 k €	-90.5%	278,2 k €
Debts	22,6 M €	+993%	2,1 M €	-70.6%	7,0 M €	-66.2%	20,8 M €	+125%	9,3 M €	+19.5%	7,8 M €	-80.7%	40,2 M €	-10.4%	44,9 M €	+49.6%	30,0 M €	-7.9%	32,6 M €	+0.5%	32,4 M €	+7.0%	30,3 M €	-6.7%	32,4 M €	-38.8%	52,9 M €	+38.5%	38,2 M €	+875%	3,9 M €	-10.5%	4,4 M €	-22.4%	5,6 M €	-31.2%	8,2 M €
Other
Workforce	5,0 ETP	-16.7%	6,0 ETP	+20.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	+8.7%	4,6 ETP	+17.9%	3,9 ETP	+5.4%	3,7 ETP	-22.9%	4,8 ETP	0.0%	4,8 ETP	0.0%	4,8 ETP	0.0%	4,8 ETP	-4.0%	5,0 ETP	+100%	2,5 ETP		–		–		0,5 ETP	-50.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 7 active · 42 ended

Active mandates

Adnan KANDIYOTI

Managing director · since 25 mai 2023 · until 24 mai 2029

Active

CLAUDE KANDIYOTI

Director · since 25 mai 2023 · until 24 mai 2029

Active

Erol KANDIYOTI

Managing director · since 25 mai 2023 · until 24 mai 2029

Active

Igal KANDIYOTI

Managing director · since 25 mai 2023 · until 24 mai 2029

Active

Metin KANDIYOTI

Director · since 25 mai 2023 · until 24 mai 2029

Active

Ralfi KANDIYOTI

Director · since 25 mai 2023 · until 24 mai 2029

Active

Sacha KANDIYOTI

Director · since 25 mai 2023 · until 24 mai 2029

Active

Ended mandates

Sacha KANDIYOTI

Director · since 28 avril 2018 · until 25 mai 2023

Ended

Adnan KANDIYOTI

Managing director · since 28 mars 2018 · until 25 mai 2023

Ended

Claude KANDIYOTI

Director · since 28 mars 2018 · until 25 mai 2023

Ended

Erol KANDIYOTI

Managing director · since 28 mars 2018 · until 25 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
Admiro● Active	0412.443.010
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 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

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	m120-f-p	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/06/2025	13/06/2024	24/07/2023	06/07/2022	09/07/2021	17/07/2020
General meeting	13/06/2025	05/06/2024	25/05/2023	21/06/2022	30/06/2021	28/05/2020
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

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Filings

Annual accounts filings

38 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	13/06/2025	20/06/2025	French	PDF
m120-f-p	31/12/2024	13/06/2025	19/06/2025	French	PDF
Full model	31/12/2023	05/06/2024	13/06/2024	French	PDF
m120-f-p	31/12/2023	05/06/2024	13/06/2024	French	PDF
Full model	31/12/2022	25/05/2023	24/07/2023	French	PDF
m120-f-p	31/12/2022	24/08/2023	31/08/2023	French	PDF
Full model	31/12/2021	21/06/2022	06/07/2022	French	PDF
m120-f-p	31/12/2021	21/06/2022	08/07/2022	French	PDF
Full model	31/12/2020	30/06/2021	08/07/2021	French	PDF
m120-f-p	31/12/2020	30/06/2021	09/07/2021	French	PDF
Full model	31/12/2019	28/05/2020	17/07/2020	French	PDF
m120-f-p	31/12/2019	11/06/2020	16/07/2020	French	PDF
Full model	31/12/2018	11/06/2019	13/06/2019	French	PDF
m120-f-p	31/12/2018	11/06/2019	13/06/2019	French	PDF
Full model	31/12/2017	28/06/2018	06/07/2018	French	PDF
m120-f-p	31/12/2017	28/06/2018	11/07/2018	French	PDF
Full model	31/12/2016	26/05/2017	29/05/2017	French	PDF
m120-f-p	31/12/2016	26/05/2017	24/08/2017	French	PDF
Full model	31/12/2015	26/05/2016	27/05/2016	French	PDF
m120-f-p	31/12/2015	26/05/2016	20/07/2016	French	PDF
Full model	31/12/2014	28/05/2015	13/07/2015	French	PDF
m120-f-p	31/12/2014	28/05/2015	08/07/2015	French	PDF
Full model	31/12/2013	22/05/2014	23/05/2014	French	PDF
m120-f-p	31/12/2013	22/05/2014	09/07/2014	French	PDF

View all 38 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2024 · 7 active · 42 ended

Active mandates

Adnan KANDIYOTI

Managing director · since 25 mai 2023 · until 24 mai 2029

Active

CLAUDE KANDIYOTI

Director · since 25 mai 2023 · until 24 mai 2029

Active

Erol KANDIYOTI

Managing director · since 25 mai 2023 · until 24 mai 2029

Active

Igal KANDIYOTI

Managing director · since 25 mai 2023 · until 24 mai 2029

Active

Metin KANDIYOTI

Director · since 25 mai 2023 · until 24 mai 2029

Active

Ralfi KANDIYOTI

Director · since 25 mai 2023 · until 24 mai 2029

Active

Sacha KANDIYOTI

Director · since 25 mai 2023 · until 24 mai 2029

Active

Ended mandates

Sacha KANDIYOTI

Director · since 28 avril 2018 · until 25 mai 2023

Ended

Adnan KANDIYOTI

Managing director · since 28 mars 2018 · until 25 mai 2023

Ended

Claude KANDIYOTI

Director · since 28 mars 2018 · until 25 mai 2023

Ended

Erol KANDIYOTI

Managing director · since 28 mars 2018 · until 25 mai 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/09/2024
DEMISSIONS, NOMINATIONS
PDF
Other31/05/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates15/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates15/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates18/08/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates25/07/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates13/04/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates14/08/2015
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

2024
Annual accounts 20243,6 M €↓
05/06/2024
reconductionMichel Weber — Commissaire
2023
Annual accounts 202332,3 M €↑
25/05/2023
reconductionAdnan Kandiyoti — Administrateur Délégué
25/05/2023
reconductionErol Kandiyoti — Administrateur Délégué
25/05/2023
reconductiontgal Kandiyoti — Administrateur Délégué
25/05/2023
reconductionMetin Kandiyoti — Administrateur
25/05/2023
reconductionRalfi Kandiyoti — Administrateur
25/05/2023
reconductionClaude Kandiyoti — Administrateur
25/05/2023
reconductionSacha Kandiyoti — Administrateur
2022
Annual accounts 202232,2 M €↑
2021
Annual accounts 2021178,8 k €↓
2020
Annual accounts 20202,7 M €↓
2019
Annual accounts 201942,5 M €↑
2018
Annual accounts 20185,6 M €↓
2017
Annual accounts 20178,0 M €↑
2016
Annual accounts 20165,6 M €↓
2015
Annual accounts 20155,8 M €↑
2014
Annual accounts 201455,5 k €↓
2013
Annual accounts 20139,2 M €↑
2012
Annual accounts 20123,4 M €↓
2011
Annual accounts 201112,9 M €↑
2011
Name changeK FINANCE COORDINATION & SERVICES
2010
Annual accounts 2010146,4 k €↑
2009
Annual accounts 200955,7 k €↓
2008
Annual accounts 2008232,8 k €↓
2007
Annual accounts 20074,0 M €↑
2006
Annual accounts 20062,6 M €
2006
Name changeK FINANCE
04/11/1992
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

K FINANCE COORDINATION & SERVICES

Overview

What does K FINANCE COORDINATION & SERVICES do?

Trend over 19 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