KST Beteiligungs

What KST Beteiligungs does

KST Beteiligungs AG is a German publicly listed investment holding company headquartered in Sindelfingen, with shares trading on the Basic Board of Deutsche Börse under ISIN DE000A161309 (WKN A16130). The company was originally founded in 1984 as Keller und Treichel Wertpapiermakler GmbH, adopted the name KST Wertpapierhandels AG in 1997, and was renamed KST Beteiligungs AG in 2004 to reflect its current holding structure. With a balance sheet total of approximately EUR 8.83 million as of Q1 2026 and roughly EUR 6.44 million of equity, the entity is a small, lean vehicle with personnel costs of only TEUR 6-14 per quarter.

The company's core activity is the management of a proprietary securities and fixed-income portfolio, comprising approximately EUR 5.4 million in a trading portfolio (around 61% of the balance sheet) and EUR 2.0 million in fixed-income holdings. Reported revenue is generated from two streams: securities trading (TEUR 4,932 in 2025) and interest and dividend income (TEUR 209 in 2025). Net asset value per share grew from EUR 1.10 at year-end 2024 to EUR 1.25 at year-end 2025, a 13.6% increase, while annual surplus rose to EUR 487k in 2025 from EUR 152k in 2024, following losses in 2022-2023.

The shareholder base is broadly distributed across institutional investors (48.2%), private investors (41.8%), banks (3.5%), and the company's own shares (6.5%), and 5,000,000 shares are outstanding after a 2022 buyback that repurchased 300,000 shares at EUR 1.62. Governance is led by Reinhard Voss as the sole member of the Vorstand, with Martin Schmitt chairing the Supervisory Board, Florian Fenner serving as Deputy Chair and Fund Manager, and Prof. Dr. Peter Steinbrenner on the board. The business model is best characterized as a publicly traded, internally managed investment vehicle whose returns depend on capital market performance and portfolio allocation decisions rather than on customer-facing products.

Name

KST Beteiligungs

Legal name

KST Beteiligungs AG

Website

https://kst-ag.de

Company type

Public

Founded year

1984

Operating status

Operating

Headcount range

1–10 employees

Short description

KST Beteiligungs AG is a publicly listed German investment holding company (Basic Board, Deutsche Börse) that manages a proprietary portfolio of securities and fixed-income assets, generating revenue from securities trading and interest/dividend income for its broadly distributed shareholder base.

Ownership category

akta.pro rank

Product category

Investment Holding / Asset Portfolio Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Financial Investment Activities (5239)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Multi-Sector / Total Return Fixed Income (FSAAAHAJ)

Keywords

• Asset portfolio management
• Securities investment
• Investment holding company
• Fixed income securities
• Equity portfolio management

Headquarters

HQ city

Grafenau

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Securities Trading: Realized gains from buying and selling securities in the portfolio. Revenue from securities trading was TEUR 4,932 in 2025 (down from TEUR 6,007 in 2024). The company actively trades stocks and bonds as part of its asset management strategy.
2. Interest and Dividend Income: Income from fixed-income securities (bonds) and equity dividends. Interest and dividend income was TEUR 209 in 2025, up from TEUR 196 in 2024. The company aims to cover its operating expenses from these passive income streams.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

KST Beteiligungs AG is a publicly listed German holding company that manages its own asset portfolio by investing primarily in liquid equities from common stock exchange segments and higher-yielding bonds. The objective is long-term growth of company assets, with the strategic goal of covering operating expenses through interest and dividend income generated by the portfolio. Revenue is derived from realized securities trading gains and passive interest/dividend income on the investment portfolio.

Product overview

KST Beteiligungs AG is a holding company listed on the Basic Board of Deutsche Börse. The company operates as a single unified investment offering focused on asset portfolio management, investing primarily in liquid equities from common stock exchange segments and higher-yielding bonds. The company's fundamental objective is to cover operating expenses from interest and dividend income generated by the asset portfolio while achieving long-term asset growth.

Differentiator

Problem solved

Functional benefit

Products and services

• Asset Portfolio Management Long-term management and investment of the company's own asset portfolio in liquid stocks from common stock exchange segments and higher-yielding bonds, with the goal of long-term growth of company assets and covering operating expenses from interest and dividend income. The company's own publicly traded shares on Deutsche Börse Basic Board provide indirect exposure to this strategy.

Quantifiable outcome

• NAV per share increased from EUR 1.10 (Dec 2024) to EUR 1.25 (Dec 2025), representing 13.6% growth
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves6 records

Expansion highlights3 records

Market position

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KST Beteiligungs