ACTIVE

KREST REAL ESTATE INVESTMENTS

Export PDF

Financial year 2025 · closed on 30/06/2025

Net result

1,5 M €

-95.9% YoY

Revenue

375 k €

-46.5% YoY

Equity

63,9 M €

+2.7% YoY

Workforce

1,0 ETP

0.0% YoY

What does KREST REAL ESTATE INVESTMENTS do?

KREST REAL ESTATE INVESTMENTS is a Public limited company incorporated in 2011. Its main activity is: Development of building projects. Its registered office is in Ixelles. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0834.802.289

Incorporation

24/03/2011

Legal form

Public limited company

Registered office

Avenue Louise 221 box 4
1050 Ixelles · BruxellesSee on map

Contributed capital

21 599 457,50 €

Latest accounts

30/06/2025

Average workforce

1,0 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 41102Development of building projects 68122Buying and selling of own real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

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 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Revenue	375 k €	-46.5%	700,9 k €	+92.3%	364,4 k €		–		–		–		–		–		–		–		–		–		–		185 k €	+15.6%	160 k €
EBITDA	-607,3 k €	+64.4%	-1,7 M €	-240%	-501,3 k €	-53.9%	-325,8 k €	-26.0%	-258,5 k €	+15.7%	-306,6 k €	+97.0%	-10,1 M €	-52394%	-19,2 k €	-120%	97,6 k €	+232%	-73,9 k €	-387%	-15,2 k €	-107%	209,2 k €	+130%	91 k €	-38.4%	147,5 k €	+20.9%	122 k €
Operating result	-656,5 k €	+62.6%	-1,8 M €	-223%	-542,5 k €	-45.9%	-371,7 k €	-18.2%	-314,4 k €	+12.9%	-361 k €	+96.5%	-10,2 M €	-24481%	-41,6 k €	-149%	84,7 k €	+214%	-74,1 k €	-382%	-15,4 k €	-107%	209,1 k €	+130%	91 k €	-38.4%	147,5 k €	+23.2%	119,7 k €
Net result	1,5 M €	-95.9%	36,9 M €	+22823%	161 k €	-52.5%	339,1 k €	+70.5%	198,8 k €	+4.2%	190,8 k €	-92.4%	2,5 M €	+2462%	97,7 k €	-29.1%	137,7 k €	-10.4%	153,7 k €	+510%	-37,5 k €	-186%	43,4 k €	+140%	18,1 k €	-55.9%	41 k €	-30.3%	58,8 k €
Balance sheet
Equity	63,9 M €	+2.7%	62,2 M €	+148%	25,1 M €	+0.6%	25 M €	+1.4%	24,6 M €	+0.8%	24,4 M €	+0.8%	24,2 M €	+11.5%	21,7 M €	+0.5%	21,6 M €	+0.6%	21,5 M €	+0.7%	21,3 M €	-0.2%	21,4 M €	+0.2%	21,3 M €	+1054%	1,8 M €	+499%	308,8 k €
Total assets	108,6 M €	-1.9%	110,7 M €	-0.9%	111,7 M €	+17.4%	95,2 M €	+17.4%	81,1 M €	+7.1%	75,7 M €	+5.0%	72,1 M €	-0.4%	72,4 M €	+13.1%	64 M €	-11.9%	72,6 M €	+36.0%	53,4 M €	+73.5%	30,8 M €	-0.1%	30,8 M €	+201%	10,2 M €	-35.8%	15,9 M €
Cash	714 k €	+266%	195,1 k €	-74.9%	777,3 k €	-91.7%	9,3 M €	+776%	1,1 M €	-10.0%	1,2 M €	+2233%	50,8 k €	+110%	24,1 k €	-96.2%	631,5 k €	+21.8%	518,4 k €	+288%	133,7 k €	+79.7%	74,4 k €	+279%	19,7 k €	-55.7%	44,4 k €	-89.0%	401,9 k €
Debts	44,6 M €	-8.0%	48,5 M €	-44.0%	86,6 M €	+23.3%	70,2 M €	+24.4%	56,4 M €	+10.1%	51,2 M €	+7.2%	47,8 M €	-5.5%	50,6 M €	+19.6%	42,3 M €	-17.2%	51,1 M €	+59.4%	32,1 M €	+241%	9,4 M €	-0.8%	9,5 M €	+12.9%	8,4 M €	-46.4%	15,6 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		0,7 ETP	-30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-50.0%	2,0 ETP	0.0%	2,0 ETP	+100%	1,0 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 9 active · 35 ended

Active mandates

Brigitte GOUDER DE BEAUREGARD

Director · since 15 décembre 2023 · until 06 décembre 2029

Active

Ricardo Nuno REIGADA PEREIRA

Director · since 15 décembre 2023 · until 06 décembre 2029

Active

Rodolfo MARQUES DE VICENTE FERREIRA

Director · since 15 décembre 2023 · until 06 décembre 2029

Active

Adnan KANDIYOTI

Director · since 26 août 2020 · until 03 décembre 2026

Active

CLAUDE KANDIYOTI

Managing director · since 26 août 2020 · until 03 décembre 2026

Active

Erol KANDIYOTI

Director · since 26 août 2020 · until 03 décembre 2026

Active

Igal KANDIYOTI

Managing director · since 26 août 2020 · until 03 décembre 2026

Active

Ralfi KANDIYOTI

Director · since 26 août 2020 · until 03 décembre 2026

Active

Sacha KANDIYOTI

Managing director · since 26 août 2020 · until 03 décembre 2026

Active

Ended mandates

Rofoldo MARQUES DE VICENTE FERREIRA

Director · since 15 décembre 2023 · until 06 décembre 2029

Ended

Adnan KANDIYOTI

Director · since 26 août 2020 · until 26 août 2026

Ended

Adnan KANDIYOTI

Director · since 26 août 2020 · until 13 octobre 2026

Ended

Claude KANDIYOTI

Managing director · since 26 août 2020 · until 26 août 2026

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 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	Abridged model	Abridged model	m120-f-p
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/12/2025	14/01/2025	16/02/2024	12/01/2023	30/12/2021	17/12/2020
General meeting	04/12/2025	05/12/2024	15/12/2023	21/11/2022	20/10/2021	02/12/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

25 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	04/12/2025	08/12/2025	French	PDF
m120-f-p	30/06/2025	04/12/2025	08/12/2025	French	PDF
Full model	30/06/2024	05/12/2024	14/01/2025	French	PDF
m120-f-p	30/06/2024	05/12/2024	14/01/2025	French	PDF
Full model	30/06/2023	15/12/2023	16/02/2024	French	PDF
m120-f-p	30/06/2023	15/12/2023	16/02/2024	French	PDF
Abridged model	30/06/2022	21/11/2022	12/01/2023	French	PDF
m120-f-p	30/06/2022	21/11/2022	12/01/2023	French	PDF
Abridged model	30/06/2021	20/10/2021	30/12/2021	French	PDF
m120-f-p	30/06/2021	03/12/2021	30/12/2021	French	PDF
Abridged model	30/06/2020	02/12/2020	16/12/2020	French	PDF
m120-f-p	30/06/2020	02/12/2020	17/12/2020	French	PDF
Abridged model	30/06/2019	02/12/2019	22/01/2020	French	PDF
m120-f-p	30/06/2019	02/12/2019	22/01/2020	French	PDF
Abridged model	30/06/2018	10/12/2018	14/12/2018	French	PDF
m120-f-p	30/06/2018	10/12/2018	14/12/2018	French	PDF
Abridged model	30/06/2017	01/12/2017	01/12/2017	French	PDF
m120-f-p	30/06/2017	01/12/2017	13/12/2017	French	PDF
Abridged model	30/06/2016	12/10/2016	08/11/2016	French	PDF
m120-f-p	30/06/2016	12/10/2016	28/12/2016	French	PDF
Abridged model	30/06/2015	14/10/2015	14/10/2015	French	PDF
Abridged model	30/06/2014	08/10/2014	17/11/2014	French	PDF
Abridged model	30/06/2013	20/12/2013	30/01/2014	French	PDF
Abridged model	31/12/2012	10/04/2013	10/05/2013	French	PDF

View all 25 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 30/06/2025 · 9 active · 35 ended

Active mandates

Brigitte GOUDER DE BEAUREGARD

Director · since 15 décembre 2023 · until 06 décembre 2029

Active

Ricardo Nuno REIGADA PEREIRA

Director · since 15 décembre 2023 · until 06 décembre 2029

Active

Rodolfo MARQUES DE VICENTE FERREIRA

Director · since 15 décembre 2023 · until 06 décembre 2029

Active

Adnan KANDIYOTI

Director · since 26 août 2020 · until 03 décembre 2026

Active

CLAUDE KANDIYOTI

Managing director · since 26 août 2020 · until 03 décembre 2026

Active

Erol KANDIYOTI

Director · since 26 août 2020 · until 03 décembre 2026

Active

Igal KANDIYOTI

Managing director · since 26 août 2020 · until 03 décembre 2026

Active

Ralfi KANDIYOTI

Director · since 26 août 2020 · until 03 décembre 2026

Active

Sacha KANDIYOTI

Managing director · since 26 août 2020 · until 03 décembre 2026

Active

Ended mandates

Rofoldo MARQUES DE VICENTE FERREIRA

Director · since 15 décembre 2023 · until 06 décembre 2029

Ended

Adnan KANDIYOTI

Director · since 26 août 2020 · until 26 août 2026

Ended

Adnan KANDIYOTI

Director · since 26 août 2020 · until 13 octobre 2026

Ended

Claude KANDIYOTI

Managing director · since 26 août 2020 · until 26 août 2026

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares25/06/2026
CAPITAL, ACTIONS
PDF
Capital / shares17/12/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Capital / shares14/01/2025
CAPITAL, ACTIONS
PDF
Other10/01/2025
DIVERS
PDF
Mandates08/01/2025
DEMISSIONS, NOMINATIONS
PDF
Capital / shares01/07/2024
CAPITAL, ACTIONS
PDF
Mandates23/05/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates02/04/2024
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
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

19/06/2026
augmentation_capital
11/12/2025
augmentation_capitalIlan Zatalovski
2025
Annual accounts 20251,5 M €↓
19/12/2024
augmentation_capitalIlan Zatalovski
05/12/2024
reconductionMichel Weber — Commissaire
2024
Annual accounts 202436,9 M €↑
18/12/2023
augmentation_capitalIlan Zatalovski
15/12/2023
nominationBrigitte Marcelle Irène Louise GOUDER DE BEAUREGARD — administrateur indépendant
15/12/2023
nominationRicardo Nuno REIGADA PEREIRA — administrateur indépendant
15/12/2023
nominationRofoldo MARQUES DE VICENTE FERREIRA — administrateur indépendant
2023
Annual accounts 2023161 k €↓
2022
Annual accounts 2022339,1 k €↑
2021
Annual accounts 2021198,8 k €↑
2020
Annual accounts 2020190,8 k €↓
2019
Annual accounts 20192,5 M €↑
2018
Annual accounts 201897,7 k €↓
2017
Annual accounts 2017137,7 k €↓
2016
Annual accounts 2016153,7 k €↑
2015
Annual accounts 2015-37,5 k €↓
2014
Annual accounts 201443,4 k €↑
2013
Annual accounts 201318,1 k €↓
2012
Annual accounts 201241 k €↓
2011
Annual accounts 201158,8 k €
24/03/2011
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

KREST REAL ESTATE INVESTMENTS

Overview

What does KREST REAL ESTATE INVESTMENTS do?

Trend over 15 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