TEX DEVELOPMENT
Details
Company details
- Enterprise number
- 0806.294.682
- VAT number
- BE 0806.294.682
- Peppol ID
- 0208:0806294682
- Legal form
- Naamloze vennootschap
- Start date
- 11/09/200818 years
- Main activity
- Groothandel in weefsels, stoffen en fournituren 46411
1050 Brussel
Why
Is TEX DEVELOPMENT a healthy company?
Customer creditWeak
Customers pay slowly, so the company waits a long time for its money.
112 days. Typical in the sector: 40 days
Gross sales marginWeak
The company keeps little of every euro it sells, even before fixed costs.
0.9%. Typical in the sector: 5.9%
SolvencyPoint of attention
The company runs mostly on debt, with little of its own money as a buffer.
45.0%. Typical in the sector: 45.6%
Based on the 2025 annual accounts, filed on 16/06/2026. View the annual accounts at the NBB
Creya method: information, not advice. How we calculate
Sector comparison
How does TEX DEVELOPMENT compare with its sector?
We set every ratio against similar companies, using the National Bank's sector figures.
Compare with the sectorKey figures
Figures over the years
- Revenue 2025
- €12.3m
- −31%
- Profit or loss 2025
- €31,775
- −90%
- Equity 2025
- €2.3m
- +1%
- Employees (FTE) 2025
- 1.8
- −5%
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| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | €12,258,119−31% | €17,663,830+10% | €16,049,239−35% | €24,822,813 |
| Operating result | €104,871−68% | €326,318+37% | €238,605+131% | €103,099 |
| Profit or loss | €31,775−90% | €309,050+68% | €183,475+403% | €36,495 |
| Balance sheet | ||||
| Equity | €2,320,028+1% | €2,288,253+15% | €1,983,197+10% | €1,802,262 |
| Total assets | €5,157,026−7% | €5,553,073−15% | €6,555,339−10% | €7,268,727 |
| Staff | ||||
| Employees (FTE) | 1.8−5% | 1.9−56% | 4.3+7% | 4 |
| Filed | 16/06/2026 | 19/06/2025 | 07/06/2024 | In 2023 |
Amounts as filed with the National Bank. Small companies don't have to publish their revenue. 2022: previous fiscal year, as stated in the 2023 annual accounts.
Management
Who runs TEX DEVELOPMENT?
According to the annual accounts of 16/06/2026.
Directors (5)
- Erol KandiyotiManaging directorsince 18/05/2023
- Igal KANDIYOTIManaging directorsince 18/05/2023
- Metin KANDIYOTIManaging directorsince 18/05/2023
- CLAUDE KANDIYOTIDirectorsince 18/05/2023
- K FINANCE COORDINATION & SERVICES SADirectorsince 18/05/2023represented by Ralfi KANDIYOTI
Auditor and accountant (1)
- MICHEL WEBER REVISEUR D'ENTREPRISES SRLStatutory auditorsince 16/05/2025 · IBR B00377represented by Michel WEBER
Credit limit
Know how much credit you can safely give this company, before you invoice.
Timeline
Filed annual accounts
Questions
Frequently asked questions about TEX DEVELOPMENT
Is TEX DEVELOPMENT a healthy company?
Watch out. The latest annual accounts show some weak points. Based on the 2025 annual accounts, filed on 16/06/2026.
What is the revenue of TEX DEVELOPMENT?
The revenue of TEX DEVELOPMENT was €12,258,119 in 2025.
How much profit does TEX DEVELOPMENT make?
The result of fiscal year 2025 was €31,775.
How many employees does TEX DEVELOPMENT have?
On average 1.8 full-time equivalents in 2025.
Who manages TEX DEVELOPMENT?
According to the annual accounts of 16/06/2026: Erol Kandiyoti, Igal KANDIYOTI, Metin KANDIYOTI, CLAUDE KANDIYOTI, K FINANCE COORDINATION & SERVICES SA.
What is the VAT number of TEX DEVELOPMENT?
The VAT number is BE 0806.294.682. The enterprise number is 0806.294.682.
Where is TEX DEVELOPMENT located?
Louizalaan 221 bus 4, 1050 Brussel.
What is the Peppol ID of TEX DEVELOPMENT?
The Peppol ID is 0208:0806294682.
When was TEX DEVELOPMENT founded?
The start date in the KBO is 11/09/2008.
Sources
Where do these numbers come from?
- National Bank of BelgiumAnnual accounts · latest filed on 16/06/2026
- Crossroads Bank for EnterprisesCompany details · address, legal form, activity
- Peppol DirectoryPeppol ID · e-invoicing
- Verdict
- Key figures
- Sector comparison
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