Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IVORY VOICE NETWORK from Elsene, company number BE0895566554, closed financial year 2025 with a result of € -2,656 after tax. For that financial year IVORY VOICE NETWORK recorded a gross margin of € -609 and equity of € -186,507. Compared with financial year 2024, the result moved from € -4,585 to € -2,656. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ -186,507
▼ € 2,656 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,656
▲ 42 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,859
▼ 68% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -296,507.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 881
▼ 56% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 11
▲ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 9,945
▲ 177% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -6,561 | € -12,454 | € -2,418 | € -609 | ▲ € 1,809 |
| Profit after taxes | € -9,820 | € -14,460 | € -4,585 | € -2,656 | ▲ € 1,929 |
| Equity | € -164,806 | € -179,265 | € -183,850 | € -186,507 | ▼ € 2,656 |
| Total debts | € 176,111 | € 194,556 | € 208,523 | € 210,391 | ▲ 1% |
| Cash | € 608 | € 265 | € 12,230 | € 3,859 | ▼ 68% |
| Retained profit | € -274,806 | € -289,265 | € -293,850 | € -296,507 | ▼ € 2,656 |
| Bank debt | € 11 | € 11 | € 11 | € 11 | ▲ 1% |
| Balance sheet total | € 11,305 | € 15,291 | € 24,673 | € 23,884 | ▼ 3% |
Key figures of IVORY VOICE NETWORK, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to IVORY VOICE NETWORK?
What happened at IVORY VOICE NETWORK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,656. Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,820 loss in 2022 to € 2,656 loss in 2025.
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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
Behind IVORY VOICE NETWORK is Paul KAVVADIAS.
Directors
According to the 2025 annual accounts
Paul KAVVADIAS
Director
Establishments
Establishment units
Physical locations of this company
Oude-Lindesquare 2 box 15
1050 Elsene
Louizalaan 228 box 9
1050 Brussel
Active since 15 February 2008
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Tequila-Club
le village dianra
HEIDY
Mouvements sans frontière
PRUDHOMME
€ -4,933 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0895.566.554
- VAT number
- BE 0895.566.554
- Registered office
- Oude-Lindesquare 2 bus 15, 1050 Elsene
- Names & denominations
- IVORY VOICE NETWORK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 February 2008
- Peppol
- Active · Active since 26 Jan 2026
- Activities · NACE
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