ACTIVE

KREST 2

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Financial year 2025 · closed on 30/06/2025

Net result

4 M €

+7829.9% YoY

Revenue

331,1 k €

Equity

7,8 M €

+2.6% YoY

What does KREST 2 do?

KREST 2 is a Public limited company incorporated in 2012. Its main activity is: Activities of holding companies. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0846.689.739

Incorporation

19/06/2012

Legal form

Public limited company

Registered office

Avenue Louise 221 box 4
1050 Bruxelles · BruxellesSee on map

Contributed capital

7 500 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Revenue	331,1 k €		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	203,6 k €	-40.0%	339,5 k €	-33.6%	511,1 k €	-2.1%	522 k €	+3.0%	507,1 k €	-13.2%	583,9 k €	-14.3%	681 k €	+34.7%	505,4 k €	-12.3%	576,4 k €	-5.2%	608,4 k €	-1.0%	614,6 k €	+23.0%	499,6 k €	+295%	126,4 k €
Operating result	-271,4 k €	-103%	-133,5 k €	-420%	41,7 k €	-22.6%	53,9 k €	+37.4%	39,2 k €	-20.3%	49,2 k €	-66.1%	145 k €	+660%	-25,9 k €	-158%	44,7 k €	+180%	-55,8 k €	-15.0%	-48,5 k €	-587%	10 k €	+117%	-58,9 k €
Net result	4 M €	+7830%	-51,8 k €	-1303%	4,3 k €	-73.1%	16 k €	+981%	-1,8 k €	-128%	6,6 k €	-94.7%	123,7 k €	+100%	61,8 k €	-64.6%	174,5 k €	+1825%	-10,1 k €	-306%	4,9 k €	+103%	-145,9 k €	-55.7%	-93,7 k €
Balance sheet
Equity	7,8 M €	+2.6%	7,6 M €	-0.7%	7,6 M €	+0.1%	7,6 M €	+0.2%	7,6 M €	-0.0%	7,6 M €	+0.1%	7,6 M €	+1.7%	7,5 M €	+0.8%	7,4 M €	+2.4%	7,3 M €	-0.1%	7,3 M €	+313%	1,8 M €	-7.7%	1,9 M €
Total assets	16,3 M €	+30.8%	12,5 M €	-12.2%	14,2 M €	-17.3%	17,2 M €	-2.5%	17,6 M €	-3.0%	18,2 M €	-6.1%	19,3 M €	-26.2%	26,2 M €	-1.7%	26,7 M €	-4.5%	27,9 M €	-39.0%	45,8 M €	+209%	14,8 M €	+29.7%	11,4 M €
Cash	5,5 M €	+5799%	92,5 k €	+3.3%	89,5 k €	-65.9%	262,4 k €	+31.2%	200,1 k €	-75.4%	811,9 k €	+130%	352,3 k €	+100%	175,8 k €	+516%	28,6 k €	-51.3%	58,7 k €	-79.6%	287,2 k €	+444%	52,8 k €	-74.7%	208,6 k €
Debts	8,5 M €	+74.7%	4,9 M €	-25.4%	6,5 M €	-31.4%	9,5 M €	-4.6%	10 M €	-5.1%	10,5 M €	-10.2%	11,7 M €	-37.4%	18,7 M €	-2.7%	19,2 M €	-6.9%	20,7 M €	-46.4%	38,5 M €	+196%	13 M €	+37.0%	9,5 M €

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 30/06/2025 · 6 active · 28 ended

Active mandates

Adnan KANDIYOTI

Director · since 15 décembre 2023 · until 29 novembre 2029

Active

Claude KANDIYOTI

Managing director · since 15 décembre 2023 · until 29 novembre 2029

Active

Erol KANDIYOTI

Director · since 15 décembre 2023 · until 29 novembre 2029

Active

Igal KANDIYOTI

Managing director · since 15 décembre 2023 · until 29 novembre 2029

Active

KREST REAL ESTATE INVESTMENTS

Director · since 15 décembre 2023 · until 29 novembre 2029 · 0834.802.289

Represented by Ralfi KANDIYOTI

Active

Sacha KANDIYOTI

Managing director · since 15 décembre 2023 · until 29 novembre 2029

Active

Ended mandates

KREST REAL ESTATE INVESTMENTS

Director · since 15 décembre 2023 · until 29 novembre 2029 · 0834.802.289

Represented by Ralfi KANDIYOTI

Ended

Adnan KANDIYOTI

Director · since 26 août 2020 · until 13 octobre 2026

Ended

Erol KANDIYOTI

Director · since 26 août 2020 · until 13 octobre 2026

Ended

IGAL KANDIYOTI

Managing director · since 26 août 2020 · until 13 octobre 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 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

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Abridged model	Micro model	Abridged model	Abridged model	Abridged model
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	28/11/2025	17/12/2024	18/12/2023	17/11/2022	14/12/2021	10/11/2020
General meeting	27/11/2025	28/11/2024	27/10/2023	28/10/2022	12/10/2021	13/10/2020
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	27/11/2025	28/11/2025	French	PDF
Abridged model	30/06/2024	28/11/2024	17/12/2024	French	PDF
Micro model	30/06/2023	27/10/2023	18/12/2023	French	PDF
Abridged model	30/06/2022	28/10/2022	17/11/2022	French	PDF
Abridged model	30/06/2021	12/10/2021	14/12/2021	French	PDF
Abridged model	30/06/2020	13/10/2020	10/11/2020	French	PDF
Abridged model	30/06/2019	28/10/2019	25/11/2019	French	PDF
Abridged model	30/06/2018	09/10/2018	06/11/2018	French	PDF
Abridged model	30/06/2017	10/10/2017	06/11/2017	French	PDF
Abridged model	30/06/2016	11/10/2016	08/11/2016	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

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 30/06/2025 · 6 active · 28 ended

Active mandates

Adnan KANDIYOTI

Director · since 15 décembre 2023 · until 29 novembre 2029

Active

Claude KANDIYOTI

Managing director · since 15 décembre 2023 · until 29 novembre 2029

Active

Erol KANDIYOTI

Director · since 15 décembre 2023 · until 29 novembre 2029

Active

Igal KANDIYOTI

Managing director · since 15 décembre 2023 · until 29 novembre 2029

Active

KREST REAL ESTATE INVESTMENTS

Director · since 15 décembre 2023 · until 29 novembre 2029 · 0834.802.289

Represented by Ralfi KANDIYOTI

Active

Sacha KANDIYOTI

Managing director · since 15 décembre 2023 · until 29 novembre 2029

Active

Ended mandates

KREST REAL ESTATE INVESTMENTS

Director · since 15 décembre 2023 · until 29 novembre 2029 · 0834.802.289

Represented by Ralfi KANDIYOTI

Ended

Adnan KANDIYOTI

Director · since 26 août 2020 · until 13 octobre 2026

Ended

Erol KANDIYOTI

Director · since 26 août 2020 · until 13 octobre 2026

Ended

IGAL KANDIYOTI

Managing director · since 26 août 2020 · until 13 octobre 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares25/06/2026
CAPITAL, ACTIONS
PDF
Mandates08/01/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates04/06/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates11/02/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates05/11/2020
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates28/11/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates04/12/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/06/2015
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 20254 M €↑
2025
Name changeKREST 2
2024
Annual accounts 2024-51,8 k €↓
2023
Annual accounts 20234,3 k €↓
2022
Annual accounts 202216 k €↑
2022
Name changeKREST2
2021
Annual accounts 2021-1,8 k €↓
2020
Annual accounts 20206,6 k €↓
2019
Annual accounts 2019123,7 k €↑
2018
Annual accounts 201861,8 k €↓
2017
Annual accounts 2017174,5 k €↑
2016
Annual accounts 2016-10,1 k €↓
2015
Annual accounts 20154,9 k €↑
2014
Annual accounts 2014-145,9 k €↓
2013
Annual accounts 2013-93,7 k €
19/06/2012
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 2

Overview

What does KREST 2 do?

Trend over 13 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