ACTIVE

ISPAHAN

Export PDF

Financial year 2024 · closed on 31/12/2024

Net result

-4,1 k €

-189.2% YoY

Gross margin

-2,5 k €

-779.8% YoY

Equity

17,1 M €

-0.0% YoY

What does ISPAHAN do?

ISPAHAN is a Public limited company incorporated in 1999. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.426.973

Incorporation

02/07/1999

Legal form

Public limited company

Registered office

Sint-Sebastiaanslaan(Kor) 52
8500 Kortrijk · FlandreSee on map

Contributed capital

17 055 000,00 €

Latest accounts

31/12/2024

Signals

Solid equity

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-2,5 k €	-780%	-287,7 €	+52.4%	-604 €	-105%	-294 €	-308%	-72 €	-2.9%	-70 €	+76.1%	-293 €	+49.2%	-577 €	-38.4%	-417 €	+48.8%	-814 €	+31.9%	-1,2 k €	+29.2%	-1,7 k €	-577%	354 €	+144%	-797,8 €	-100%	-398,7 €	+46.0%	-738,2 €	+52.5%	-1,6 k €	-127%	-685,3 €
EBITDA	-3,6 k €	-166%	-1,4 k €	+14.7%	-1,6 k €	-25.6%	-1,3 k €	-21.2%	-1 k €	-0.4%	-1 k €	+17.5%	-1,3 k €	+18.2%	-1,5 k €	-11.5%	-1,4 k €	+26.4%	-1,9 k €	+12.8%	-2,2 k €	+20.7%	-2,7 k €	-288%	-702 €	+61.2%	-1,8 k €	-28.7%	-1,4 k €	+19.4%	-1,7 k €	+31.9%	-2,6 k €	-57.8%	-1,6 k €
Operating result	-3,6 k €	-166%	-1,4 k €	+14.7%	-1,6 k €	-25.6%	-1,3 k €	-21.2%	-1 k €	-0.4%	-1 k €	+17.5%	-1,3 k €	+18.2%	-1,5 k €	-11.5%	-1,4 k €	+26.4%	-1,9 k €	+12.8%	-2,2 k €	+20.7%	-2,7 k €	-288%	-702 €	+61.2%	-1,8 k €	-28.7%	-1,4 k €	+19.4%	-1,7 k €	+31.9%	-2,6 k €	-57.8%	-1,6 k €
Net result	-4,1 k €	-189%	-1,4 k €	+13.5%	-1,6 k €	-25.5%	-1,3 k €	-21.2%	-1,1 k €	-0.6%	-1,1 k €	+17.1%	-1,3 k €	+18.1%	-1,6 k €	-12.5%	-1,4 k €	+26.8%	-1,9 k €	+13.1%	-2,2 k €	-119%	11,2 k €	-94.2%	194,6 k €	+12980%	-1,5 k €	-101%	103,7 k €	+4179%	2,4 k €	+735%	-381,9 €	+70.5%	-1,3 k €
Balance sheet
Equity	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	+0.1%	17,1 M €	+0.0%	17,1 M €	-0.0%	17,1 M €	+0.1%	17 M €	+0.0%	17 M €	-0.0%	17 M €
Total assets	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	-0.0%	17,1 M €	+0.0%	17,1 M €	-0.4%	17,1 M €	-0.5%	17,2 M €	+0.6%	17,1 M €	+0.0%	17,1 M €	+0.0%	17,1 M €
Cash	523,9 €	+21.0%	433 €	-51.9%	900 €	-62.4%	2,4 k €	-35.0%	3,7 k €	-2.4%	3,8 k €	-22.1%	4,8 k €	-7.8%	5,3 k €	-22.9%	6,8 k €	-15.9%	8,1 k €	-19.0%	10 k €	-17.9%	12,2 k €	+273%	3,3 k €	+2774%	113,8 €	-54.9%	252,1 €	+667%	32,9 €	-35.6%	51 €	-72.2%	183,5 €
Debts	7,1 k €	+125%	3,2 k €	+53.8%	2,1 k €	+6.5%	1,9 k €	0.0%	1,9 k €	+101%	963 €	-1.0%	973 €	+845%	103 €	0.0%	103 €		–		–		5 €	-99.9%	4,3 k €	-94.4%	76 k €	-54.5%	167,2 k €	+131%	72,3 k €	+5.8%	68,3 k €	+9.0%	62,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 5 active · 11 ended

Active mandates

Isabelle VANDEN AVENNE - VLERICK

Managing director · since 30 novembre 2022 · until 30 novembre 2028

Active

Margaux VANDEN AVENNE

Director · since 30 novembre 2022 · until 30 novembre 2028

Active

Maurits VANDEN AVENNE

Director · since 30 novembre 2022 · until 30 novembre 2028

Active

Patrick VANDEN AVENNE

Director · since 30 novembre 2022 · until 30 novembre 2028

Active

Thomas VANDEN AVENNE

Director · since 30 novembre 2022 · until 30 novembre 2028

Active

Ended mandates

Isabelle VANDEN AVENNE - VLERICK

Managing director · since 30 novembre 2016 · until 30 novembre 2022

Ended

Margaux VANDEN AVENNE

Director · since 30 novembre 2016 · until 30 novembre 2022

Ended

Maurits VANDEN AVENNE

Director · since 30 novembre 2016 · until 30 novembre 2022

Ended

Patrick VANDEN AVENNE

Director · since 30 novembre 2016 · until 30 novembre 2022

Ended

At this address

Other companies at this address

Company	CBE no.
DE GOEDE HOOP● Active	1014.077.986
Isarick● Active	0427.815.233

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019	01/07/2018
Closing of the financial year	31/12/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020	30/06/2019
Length of the financial year	18 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/07/2025	18/12/2023	20/12/2022	21/12/2021	17/12/2020	17/12/2019
General meeting	30/05/2025	30/11/2023	30/11/2022	30/11/2021	30/11/2020	29/11/2019
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/05/2025	01/07/2025	Dutch	PDF
Abridged model	30/06/2023	30/11/2023	18/12/2023	Dutch	PDF
Abridged model	30/06/2022	30/11/2022	20/12/2022	Dutch	PDF
Abridged model	30/06/2021	30/11/2021	21/12/2021	Dutch	PDF
Abridged model	30/06/2020	30/11/2020	17/12/2020	Dutch	PDF
Abridged model	30/06/2019	29/11/2019	17/12/2019	Dutch	PDF
Abridged model	30/06/2018	30/11/2018	17/12/2018	Dutch	PDF
Abridged model	30/06/2017	30/11/2017	19/12/2017	Dutch	PDF
Abridged model	30/06/2016	30/11/2016	08/12/2016	Dutch	PDF
Abridged model	30/06/2015	30/11/2015	16/12/2015	Dutch	PDF
Abridged model	30/06/2014	28/11/2014	18/12/2014	Dutch	PDF
Abridged model	30/06/2013	29/11/2013	12/12/2013	Dutch	PDF
Abridged model	30/06/2012	30/11/2012	20/12/2012	Dutch	PDF
Abridged model	30/06/2011	30/11/2011	23/12/2011	Dutch	PDF
Abridged model	30/06/2010	30/11/2010	22/12/2010	Dutch	PDF
Abridged model	30/06/2009	30/11/2009	22/12/2009	Dutch	PDF
Abridged model	30/06/2008	28/11/2008	22/12/2008	Dutch	PDF
Abridged model	30/06/2007	30/11/2007	05/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2024 · 5 active · 11 ended

Active mandates

Isabelle VANDEN AVENNE - VLERICK

Managing director · since 30 novembre 2022 · until 30 novembre 2028

Active

Margaux VANDEN AVENNE

Director · since 30 novembre 2022 · until 30 novembre 2028

Active

Maurits VANDEN AVENNE

Director · since 30 novembre 2022 · until 30 novembre 2028

Active

Patrick VANDEN AVENNE

Director · since 30 novembre 2022 · until 30 novembre 2028

Active

Thomas VANDEN AVENNE

Director · since 30 novembre 2022 · until 30 novembre 2028

Active

Ended mandates

Isabelle VANDEN AVENNE - VLERICK

Managing director · since 30 novembre 2016 · until 30 novembre 2022

Ended

Margaux VANDEN AVENNE

Director · since 30 novembre 2016 · until 30 novembre 2022

Ended

Maurits VANDEN AVENNE

Director · since 30 novembre 2016 · until 30 novembre 2022

Ended

Patrick VANDEN AVENNE

Director · since 30 novembre 2016 · until 30 novembre 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Mandates22/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/09/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/03/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/01/2006
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/08/2005
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2024
Annual accounts 2024-4,1 k €↓
2023
Annual accounts 2023-1,4 k €↑
2022
Annual accounts 2022-1,6 k €↓
2021
Annual accounts 2021-1,3 k €↓
2020
Annual accounts 2020-1,1 k €↓
2019
Annual accounts 2019-1,1 k €↑
2018
Annual accounts 2018-1,3 k €↑
2017
Annual accounts 2017-1,6 k €↓
2016
Annual accounts 2016-1,4 k €↑
2015
Annual accounts 2015-1,9 k €↑
2014
Annual accounts 2014-2,2 k €↓
2013
Annual accounts 201311,2 k €↓
2012
Annual accounts 2012194,6 k €↑
2011
Annual accounts 2011-1,5 k €↓
2010
Annual accounts 2010103,7 k €↑
2009
Annual accounts 20092,4 k €↑
2008
Annual accounts 2008-381,9 €↑
2007
Annual accounts 2007-1,3 k €
02/07/1999
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

ISPAHAN

Overview

What does ISPAHAN do?

Trend over 18 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