Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2024; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
ISPAHAN from Kortrijk, company number BE0466426973, closed financial year 2024 with a result of € -4,057 after tax. For that financial year ISPAHAN recorded a gross margin of € -2,531 and equity of € 17.1 million. Compared with financial year 2023, the result moved from € -1,403 to € -4,057. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2025.
€ 17.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,057
▼ 189 % more loss than in 2023
Profit after tax over the fiscal year.
€ 524
▲ 21% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4,072.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € -604 | € -288 | € -2,531 | ▼ € 2,243 |
| Profit after taxes | € -1,621 | € -1,403 | € -4,057 | ▼ € 2,654 |
| Equity | € 17,056,387 | € 17,054,985 | € 17,050,928 | |
| Total debts | € 2,066 | € 3,177 | € 7,150 | ▲ 125% |
| Cash | € 900 | € 433 | € 524 | ▲ 21% |
| Retained profit | € 1,387 | € -15 | € -4,072 | ▼ € 4,057 |
| Balance sheet total | € 17,058,453 | € 17,058,162 | € 17,058,077 |
Key figures of ISPAHAN, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ISPAHAN?
What happened at ISPAHAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Patrick VANDEN AVENNE stepped down as director. NBB
- Thomas VANDEN AVENNE stepped down as director. NBB
- Isabelle VANDEN AVENNE - VLERICK stepped down as director. NBB
- Maurits VANDEN AVENNE stepped down as director. NBB
- Margaux VANDEN AVENNE stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 4,057. Source: NBB ↗
- Patrick VANDEN AVENNE became a director. NBB
- Thomas VANDEN AVENNE became a director. NBB
In short
From € 1,621 loss in 2022 to € 4,057 loss in 2024.
A new publication or filing at ISPAHAN? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2024 annual accounts
Patrick VANDEN AVENNE
Director
Also active at: BENS, Jan Schots, Isarick, BENS Deli, Sus Campiniae, Bens Retail, HalalSupply
since 2022 · until 2028
Thomas VANDEN AVENNE
Director
since 2022 · until 2028
since 2022 · until 2028
Maurits VANDEN AVENNE
Director
Also active at: BENS, Jan Schots, VANDEN AVENNE VRIESHUIS, BENS Deli, Sus Campiniae, Bens Retail, HalalSupply
since 2022 · until 2028
Margaux VANDEN AVENNE
Director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Sint-Sebastiaanslaan(Kor) 52
8500 Kortrijk
Desselgemsestraat(O) 15
8710 Wielsbeke
Active since 29 October 1999
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.426.973
- VAT number
- BE 0466.426.973
- Registered office
- Sint-Sebastiaanslaan(Kor) 52, 8500 Kortrijk
- Names & denominations
- ISPAHAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 July 1999
- Peppol
- Not registered