ACTIVE

TEX DEVELOPMENT

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

31,8 k €

-89.7% YoY

Revenue

12,3 M €

-30.6% YoY

Equity

2,3 M €

+1.4% YoY

Workforce

1,8 ETP

-5.3% YoY

What does TEX DEVELOPMENT do?

TEX DEVELOPMENT is a Public limited company incorporated in 2008. Its main activity is: Wholesale of textiles. Its registered office is in Bruxelles. It employs on average 1,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0806.294.682

Incorporation

11/09/2008

Legal form

Public limited company

Registered office

Avenue Louise 221 box 4
1050 Bruxelles · BruxellesSee on map

Contributed capital

63 000,00 €

Latest accounts

31/12/2025

Average workforce

1,8 ETP

Activities (NACE)

46411Wholesale of textiles· main 46411Wholesale of textiles 47511Retail sale of textiles in specialised stores 47511Retail sale of textiles in specialised stores 47512Retail sale of textiles in specialised stores 47512Retail sale of textiles in specialised stores+4

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 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	12,3 M €	-30.6%	17,7 M €	+10.1%	16,0 M €	-35.3%	24,8 M €	+1.4%	24,5 M €	+22.9%	19,9 M €	+22.5%	16,3 M €	-14.1%	18,9 M €	-2.6%	19,4 M €	+1.5%	19,1 M €	-17.2%	23,1 M €	-0.5%	23,2 M €	-2.9%	23,9 M €	+60.3%	14,9 M €	-27.5%	20,6 M €	-22.9%	26,7 M €	+184%	9,4 M €
EBITDA	104,9 k €	-66.9%	317,2 k €	+33.2%	238,1 k €	+126%	105,5 k €	-71.9%	375,0 k €	+2212%	16,2 k €	-81.9%	89,5 k €	-27.8%	124,0 k €	+1.3%	122,4 k €	+19.0%	102,9 k €	-66.1%	303,6 k €	-44.7%	548,7 k €	+101%	273,0 k €	+44.2%	189,3 k €	-32.4%	280,0 k €	+56.9%	178,4 k €	+82.0%	98,0 k €
Operating result	104,9 k €	-67.9%	326,3 k €	+36.8%	238,6 k €	+131%	103,1 k €	-73.8%	394,0 k €	+2307%	16,4 k €	-77.2%	71,8 k €	-38.0%	115,7 k €	-5.4%	122,3 k €	+14.4%	106,9 k €	-66.0%	314,5 k €	-44.2%	563,7 k €	+121%	255,2 k €	+1.1%	252,4 k €	+16.5%	216,7 k €	+26.1%	171,9 k €	+89.1%	90,9 k €
Net result	31,8 k €	-89.7%	309,0 k €	+68.4%	183,5 k €	+403%	36,5 k €	-88.3%	310,7 k €	+903%	31,0 k €	-17.9%	37,8 k €	-48.8%	73,7 k €	-2.2%	75,4 k €	+13.3%	66,5 k €	-63.8%	183,7 k €	-44.1%	328,9 k €	+113%	154,4 k €	+5.0%	147,0 k €	-1.5%	149,3 k €	+45.5%	102,6 k €	+115%	47,7 k €
Balance sheet
Equity	2,3 M €	+1.4%	2,3 M €	+15.4%	2,0 M €	+10.0%	1,8 M €	+2.1%	1,8 M €	+20.9%	1,5 M €	+2.2%	1,4 M €	+2.7%	1,4 M €	+5.6%	1,3 M €	+6.1%	1,2 M €	+5.7%	1,2 M €	+18.5%	993,0 k €	+49.5%	664,1 k €	+30.3%	509,8 k €	+40.5%	362,7 k €	+70.0%	213,4 k €	+92.7%	110,7 k €
Total assets	5,2 M €	-7.1%	5,6 M €	-15.3%	6,6 M €	-9.8%	7,3 M €	-4.3%	7,6 M €	-23.8%	10,0 M €	+57.8%	6,3 M €	-15.1%	7,4 M €	+8.6%	6,9 M €	+1.9%	6,7 M €	-19.7%	8,4 M €	+5.0%	8,0 M €	-27.4%	11,0 M €	+56.7%	7,0 M €	+9.1%	6,4 M €	-28.3%	9,0 M €	+82.5%	4,9 M €
Cash	740,1 k €	+38.3%	535,1 k €	+129%	234,1 k €	-65.7%	682,2 k €	+148%	275,2 k €	-89.7%	2,7 M €	+209%	861,6 k €	+58.1%	544,9 k €	-0.0%	545,0 k €	-3.6%	565,1 k €	-35.4%	875,1 k €	-24.4%	1,2 M €	+24.0%	933,0 k €	+64.8%	566,0 k €	+89.8%	298,2 k €	+39.2%	214,3 k €	-9.7%	237,4 k €
Debts	2,8 M €	-13.1%	3,3 M €	-25.0%	4,4 M €	-20.3%	5,5 M €	-6.2%	5,8 M €	-28.8%	8,2 M €	+67.4%	4,9 M €	-19.2%	6,0 M €	+9.5%	5,5 M €	+0.9%	5,5 M €	-23.9%	7,2 M €	+3.0%	7,0 M €	-32.3%	10,3 M €	+58.9%	6,5 M €	+7.2%	6,1 M €	-30.6%	8,7 M €	+82.2%	4,8 M €
Other
Workforce	1,8 ETP	-5.3%	1,9 ETP	-55.8%	4,3 ETP	+7.5%	4,0 ETP	-25.9%	5,4 ETP	+1.9%	5,3 ETP	+29.3%	4,1 ETP	-2.4%	4,2 ETP	+110%	2,0 ETP	-13.0%	2,3 ETP	-23.3%	3,0 ETP	0.0%	3,0 ETP	+131%	1,3 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 · 5 active · 27 ended

Active mandates

CLAUDE KANDIYOTI

Director · since 18 mai 2023 · until 17 mai 2029

Active

Erol Kandiyoti

Managing director · since 18 mai 2023 · until 17 mai 2029

Active

Igal KANDIYOTI

Managing director · since 18 mai 2023 · until 17 mai 2029

Active

K FINANCE COORDINATION & SERVICES

Director · since 18 mai 2023 · until 17 mai 2029 · 0448.586.002

Represented by Ralfi KANDIYOTI

Active

Metin KANDIYOTI

Managing director · since 18 mai 2023 · until 17 mai 2029

Active

Ended mandates

Claude KANDIYOTI

Director · since 13 avril 2018 · until 17 mai 2023

Ended

Erol Kandiyoti

Managing director · since 13 avril 2018 · until 17 mai 2023

Ended

K FINANCE COORDINATION & SERVICES

Director · since 13 avril 2018 · until 17 mai 2023 · 0448.586.002

Represented by Ralfi KANDIYOTI

Ended

Metin Kandiyoti

Managing director · since 13 avril 2018 · until 17 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 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

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	16/06/2026	19/06/2025	07/06/2024	29/06/2023	30/06/2022	29/06/2021
General meeting	21/05/2026	15/05/2025	16/05/2024	01/06/2023	01/06/2022	20/05/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	21/05/2026	16/06/2026	French	PDF
Full model	31/12/2024	15/05/2025	19/06/2025	French	PDF
Full model	31/12/2023	16/05/2024	07/06/2024	French	PDF
Full model	31/12/2022	01/06/2023	29/06/2023	French	PDF
Full model	31/12/2021	01/06/2022	30/06/2022	French	PDF
Full model	31/12/2020	20/05/2021	29/06/2021	French	PDF
Full model	31/12/2019	21/05/2020	09/06/2020	French	PDF
Full model	31/12/2018	16/05/2019	04/06/2019	French	PDF
Full model	31/12/2017	17/05/2018	14/06/2018	French	PDF
Full model	31/12/2016	03/05/2017	04/05/2017	French	PDF
Full model	31/12/2015	04/05/2016	12/05/2016	French	PDF
Full model	31/12/2014	06/05/2015	12/05/2015	French	PDF
Full model	31/12/2013	07/05/2014	12/05/2014	French	PDF
Full model	31/12/2012	02/05/2013	27/05/2013	French	PDF
Full model	31/12/2011	02/05/2012	10/05/2012	French	PDF
Full model	31/12/2010	04/05/2011	16/05/2011	French	PDF
Full model	31/12/2009	05/05/2010	21/05/2010	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 · 5 active · 27 ended

Active mandates

CLAUDE KANDIYOTI

Director · since 18 mai 2023 · until 17 mai 2029

Active

Erol Kandiyoti

Managing director · since 18 mai 2023 · until 17 mai 2029

Active

Igal KANDIYOTI

Managing director · since 18 mai 2023 · until 17 mai 2029

Active

K FINANCE COORDINATION & SERVICES

Director · since 18 mai 2023 · until 17 mai 2029 · 0448.586.002

Represented by Ralfi KANDIYOTI

Active

Metin KANDIYOTI

Managing director · since 18 mai 2023 · until 17 mai 2029

Active

Ended mandates

Claude KANDIYOTI

Director · since 13 avril 2018 · until 17 mai 2023

Ended

Erol Kandiyoti

Managing director · since 13 avril 2018 · until 17 mai 2023

Ended

K FINANCE COORDINATION & SERVICES

Director · since 13 avril 2018 · until 17 mai 2023 · 0448.586.002

Represented by Ralfi KANDIYOTI

Ended

Metin Kandiyoti

Managing director · since 13 avril 2018 · until 17 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

Mandates28/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates03/06/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates19/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates13/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates26/06/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates13/04/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates29/06/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates05/03/2015
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

2025
Annual accounts 202531,8 k €↓
2024
Annual accounts 2024309,0 k €↑
2023
Annual accounts 2023183,5 k €↑
2022
Annual accounts 202236,5 k €↓
2021
Annual accounts 2021310,7 k €↑
2020
Annual accounts 202031,0 k €↓
2019
Annual accounts 201937,8 k €↓
2018
Annual accounts 201873,7 k €↓
2017
Annual accounts 201775,4 k €↑
2016
Annual accounts 201666,5 k €↓
2015
Annual accounts 2015183,7 k €↓
2014
Annual accounts 2014328,9 k €↑
2013
Annual accounts 2013154,4 k €↑
2012
Annual accounts 2012147,0 k €↓
2011
Annual accounts 2011149,3 k €↑
2010
Annual accounts 2010102,6 k €↑
2009
Annual accounts 200947,7 k €
11/09/2008
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

TEX DEVELOPMENT

Overview

What does TEX DEVELOPMENT do?

Trend over 17 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