ACTIVE

KREST REAL ESTATE INVESTMENTS

Export PDF

Financial year 2025 · Closed on 30/06/2025

Net result1,5 M €-95,9 %over 1 year

Revenue375 k €-46,5 %over 1 year

Equity63,9 M €+2,7 %over 1 year

Workforce1,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

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

Financials

Source · NBB, 25 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	375 k €	-46.5%	700,9 k €	+92.3%	364,4 k €		–		–
EBITDA	-607,3 k €	+64.4%	-1,7 M €	-240%	-501,3 k €	-53.9%	-325,8 k €	-26.0%	-258,5 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 €
Net result	1,5 M €	-95.9%	36,9 M €	+22823%	161 k €	-52.5%	339,1 k €	+70.5%	198,8 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 €
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 €
Cash	714 k €	+266%	195,1 k €	-74.9%	777,3 k €	-91.7%	9,3 M €	+776%	1,1 M €
Debts	44,6 M €	-8.0%	48,5 M €	-44.0%	86,6 M €	+23.3%	70,2 M €	+24.4%	56,4 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

9 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Brigitte GOUDER DE BEAUREGARD	Director15/12/2023 → 06/12/2029
Ricardo Nuno REIGADA PEREIRA	Director15/12/2023 → 06/12/2029
Rodolfo MARQUES DE VICENTE FERREIRA	Director15/12/2023 → 06/12/2029
Adnan KANDIYOTI	Director26/08/2020 → 03/12/2026Managing director12/10/2016 → 12/10/2022ended
Claude KANDIYOTI	Managing director12/10/2016 → 03/12/2026Director22/03/2011 → 12/10/2022ended
Erol KANDIYOTI	Director26/08/2020 → 03/12/2026Managing director22/03/2011 → 12/10/2022ended
Igal KANDIYOTI	Managing director12/10/2016 → 03/12/2026Director22/03/2011 → 12/10/2022ended
Ralfi KANDIYOTI	Director26/08/2020 → 03/12/2026Managing director12/10/2016 → 12/10/2022ended
Sacha Kandiyoti	Managing director26/08/2020 → 03/12/2026Director22/03/2011 → 12/10/2022ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Rofoldo MARQUES DE VICENTE FERREIRA	Director15/12/2023 → 06/12/2029
Metin KANDIYOTI	Managing director12/10/2016 → 12/10/2022
LUME REAL ESTATE0432.453.120Represented by ADNAN KANDIYOTI	Managing director22/03/2011 → 12/10/2016

Other companies at this address

Avenue Louise 221 1050 Ixelles

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

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Abridged model	Abridged model	Consolidated accounts
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 25 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	04/12/2025	08/12/2025	French	PDF
Consolidated accounts	30/06/2025	04/12/2025	08/12/2025	French	PDF
Full model	30/06/2024	05/12/2024	14/01/2025	French	PDF
Consolidated accounts	30/06/2024	05/12/2024	14/01/2025	French	PDF
Full model	30/06/2023	15/12/2023	16/02/2024	French	PDF
Consolidated accounts	30/06/2023	15/12/2023	16/02/2024	French	PDF
Abridged model	30/06/2022	21/11/2022	12/01/2023	French	PDF
Consolidated accounts	30/06/2022	21/11/2022	12/01/2023	French	PDF
Abridged model	30/06/2021	20/10/2021	30/12/2021	French	PDF
Consolidated accounts	30/06/2021	03/12/2021	30/12/2021	French	PDF
Abridged model	30/06/2020	02/12/2020	16/12/2020	French	PDF
Consolidated accounts	30/06/2020	02/12/2020	17/12/2020	French	PDF
Abridged model	30/06/2019	02/12/2019	22/01/2020	French	PDF
Consolidated accounts	30/06/2019	02/12/2019	22/01/2020	French	PDF
Abridged model	30/06/2018	10/12/2018	14/12/2018	French	PDF
Consolidated accounts	30/06/2018	10/12/2018	14/12/2018	French	PDF
Abridged model	30/06/2017	01/12/2017	01/12/2017	French	PDF
Consolidated accounts	30/06/2017	01/12/2017	13/12/2017	French	PDF
Abridged model	30/06/2016	12/10/2016	08/11/2016	French	PDF
Consolidated accounts	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
Abridged model	31/12/2011	11/04/2012	10/05/2012	French	PDF

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.

Board of directors

Source · NBB, accounts to 30/06/2025

9 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Brigitte GOUDER DE BEAUREGARD	Director15/12/2023 → 06/12/2029
Ricardo Nuno REIGADA PEREIRA	Director15/12/2023 → 06/12/2029
Rodolfo MARQUES DE VICENTE FERREIRA	Director15/12/2023 → 06/12/2029
Adnan KANDIYOTI	Director26/08/2020 → 03/12/2026Managing director12/10/2016 → 12/10/2022ended
Claude KANDIYOTI	Managing director12/10/2016 → 03/12/2026Director22/03/2011 → 12/10/2022ended
Erol KANDIYOTI	Director26/08/2020 → 03/12/2026Managing director22/03/2011 → 12/10/2022ended
Igal KANDIYOTI	Managing director12/10/2016 → 03/12/2026Director22/03/2011 → 12/10/2022ended
Ralfi KANDIYOTI	Director26/08/2020 → 03/12/2026Managing director12/10/2016 → 12/10/2022ended
Sacha Kandiyoti	Managing director26/08/2020 → 03/12/2026Director22/03/2011 → 12/10/2022ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Rofoldo MARQUES DE VICENTE FERREIRA	Director15/12/2023 → 06/12/2029
Metin KANDIYOTI	Managing director12/10/2016 → 12/10/2022
LUME REAL ESTATE0432.453.120Represented by ADNAN KANDIYOTI	Managing director22/03/2011 → 12/10/2016

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

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

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

Filings15 filings

Mandates

Brigitte GOUDER DE BEAUREGARD

Ricardo Nuno REIGADA PEREIRA

Rodolfo MARQUES DE VICENTE FERREIRA

Sacha KANDIYOTI

Erol KANDIYOTI

Ralfi KANDIYOTI

Igal KANDIYOTI

Adnan KANDIYOTI

CLAUDE KANDIYOTI

Rofoldo MARQUES DE VICENTE FERREIRA

Metin KANDIYOTI

LUME REAL ESTATE

2011201220132014201520162017201820192020202120222023202420252026202720282029

KREST REAL ESTATE INVESTMENTS

Avenue Louise 221 bte 4, 1050 Ixelles

Director

Managing directorDirector

DirectorManaging director

Managing directorDirector

DirectorManaging director

Managing directorDirector

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Louise 221 bte 4, 1050 IxellesCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00578671

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
KREST REAL ESTATE INVESTMENTSCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00578671

Events

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

KREST REAL ESTATE INVESTMENTS

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