ACTIVE

Isarick

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Financial year 2025 · Closed on 31/12/2025

Net result-384,9 k €-179,6 %over 1 year
Gross margin62,2 k €
Equity31,3 M €-1,2 %over 1 year
Workforce0,0 ETP

Identity

Source · BCE/KBO

Isarick is a Public limited company incorporated in 1984. Its registered office is in Kortrijk.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0427.815.233
Incorporation
15/12/1984
Legal form
Public limited company
Registered office
Sint-Sebastiaanslaan(Kor) 52
8500 Kortrijk · FlandreSee on map
Contributed capital
950 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
Solid equityLow riskGood liquidityPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin62,2 k €––––
EBITDA61,2 k €-34,4 k €156,6 k €8,9 k €7,3 k €
Operating result61,2 k €-34,4 k €156,6 k €-21,4 k €-23,1 k €
Net result-384,9 k €483,5 k €685,7 k €516,7 k €292,2 k €
Balance sheet
Equity31,3 M €31,7 M €31,2 M €30,5 M €30 M €
Total assets31,5 M €31,7 M €31,2 M €30,6 M €30,1 M €
Cash218,6 k €242 k €1,2 M €544,5 k €437,8 k €
Debts182,8 k €34,4 k €17,9 k €111,7 k €28,4 k €
Other
Workforce0,0 ETP––––

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 14 ended

Active mandates

ISPAHAN

Managing director · since 29 mai 2020 · until 29 mai 2032 · 0466.426.973

Represented by Vlerick Isabelle Vanden Avenne

Active
Patrick Vanden Avenne

Director · since 29 mai 2020 · until 29 mai 2032

Active
Thomas Vanden Avenne

Director · since 29 mai 2020 · until 29 mai 2032

Active

Ended mandates

ISPAHAN

Managing director · since 29 mai 2020 · until 29 mai 2026 · 0466.426.973

Represented by Isabelle Vanden Avenne - Vlerick

Ended
Patrick Vanden Avenne

Director · since 29 mai 2020 · until 29 mai 2026

Ended
Thomas Vanden Avenne - Vlerick

Director · since 29 mai 2020 · until 29 mai 2026

Ended
Isabelle Vanden Avenne - Vlerick

Director · since 30 mai 2014 · until 29 mai 2020

Ended

Other companies at this address

Sint-Sebastiaanslaan(Kor) 52 8500 Kortrijk
CompanyCBE no.
DE GOEDE HOOP● Active
1014.077.986
ISPAHAN● Active
0466.426.973

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date04/09/202601/07/202522/07/202429/06/202308/07/202218/08/2021
General meeting29/05/202630/05/202531/05/202426/05/202327/05/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/05/202604/09/2026DutchPDF
Full model31/12/202430/05/202501/07/2025DutchPDF
Full model31/12/202331/05/202422/07/2024DutchPDF
Full model31/12/202226/05/202329/06/2023DutchPDF
Full model31/12/202127/05/202208/07/2022DutchPDF
Full model31/12/202028/05/202118/08/2021DutchPDF
Full model31/12/201907/08/202008/10/2020DutchPDF
Abridged model31/12/201730/05/201812/07/2018DutchPDF
Abridged model31/12/201631/05/201711/07/2017DutchPDF
Abridged model31/12/201501/06/201625/08/2016DutchPDF
Abridged model31/12/201429/05/201502/07/2015DutchPDF
Abridged model31/12/201330/05/201430/06/2014DutchPDF
Abridged model31/12/201231/05/201320/06/2013DutchPDF
Abridged model31/12/201125/05/201231/05/2012DutchPDF
Abridged model31/12/201027/05/201119/07/2011DutchPDF
Abridged model31/12/200928/05/201028/06/2010DutchPDF
Abridged model31/12/200829/05/200930/06/2009DutchPDF
Abridged model31/12/200730/05/200810/07/2008DutchPDF
Abridged modelCorrection31/12/200625/05/200713/05/2008DutchPDF
Abridged model31/12/200625/05/200704/06/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 14 ended

Active mandates

ISPAHAN

Managing director · since 29 mai 2020 · until 29 mai 2032 · 0466.426.973

Represented by Vlerick Isabelle Vanden Avenne

Active
Patrick Vanden Avenne

Director · since 29 mai 2020 · until 29 mai 2032

Active
Thomas Vanden Avenne

Director · since 29 mai 2020 · until 29 mai 2032

Active

Ended mandates

ISPAHAN

Managing director · since 29 mai 2020 · until 29 mai 2026 · 0466.426.973

Represented by Isabelle Vanden Avenne - Vlerick

Ended
Patrick Vanden Avenne

Director · since 29 mai 2020 · until 29 mai 2026

Ended
Thomas Vanden Avenne - Vlerick

Director · since 29 mai 2020 · until 29 mai 2026

Ended
Isabelle Vanden Avenne - Vlerick

Director · since 30 mai 2014 · until 29 mai 2020

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates12/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office30/09/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates05/11/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/07/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/08/2008
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares21/12/2005
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates28/10/2002
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-384,9 k €↓
  2. 2024
    Annual accounts 2024483,5 k €↓
  3. 2023
    Annual accounts 2023685,7 k €↑
  4. 2022
    Annual accounts 2022516,7 k €↑
  5. 2021
    Annual accounts 2021292,2 k €↑
  6. 2020
    Annual accounts 2020182,2 k €↓
  7. 2019
    Annual accounts 20194,2 M €↑
  8. 2017
    Annual accounts 2017297,4 k €↑
  9. 2016
    Annual accounts 2016-717,2 k €↓
  10. 2015
    Annual accounts 20154,5 M €↑
  11. 2014
    Annual accounts 2014145,2 k €↓
  12. 2013
    Annual accounts 2013204 k €↑
  13. 2012
    Annual accounts 2012172,7 k €↓
  14. 2011
    Annual accounts 2011198,2 k €↑
  15. 2010
    Annual accounts 2010150,3 k €↑
  16. 2009
    Annual accounts 2009138,2 k €↓
  17. 2008
    Annual accounts 2008838,1 k €↓
  18. 2007
    Annual accounts 20071 M €↑
  19. 2006
    Annual accounts 2006493,9 k €
  20. 15/12/1984
    IncorporationPublic limited company