ACTIVE

Cecan

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Financial year 2025 · closed on 31/12/2025

Net result

25,8 M €

-75.0% YoY

Gross margin

-838,8 k €

-19.7% YoY

Equity

216,5 M €

+11.2% YoY

What does Cecan do?

Cecan is a Public limited company incorporated in 1976. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.119.004

Incorporation

25/11/1976

Legal form

Public limited company

Registered office

Doorniksewijk(Kor) 49
8500 Kortrijk · FlandreSee on map

Contributed capital

1 250 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskPositive cashflow

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-838,8 k €	-19.7%	-700,7 k €	-76.1%	-397,8 k €	-1.9%	-390,5 k €	+7.2%	-420,7 k €	-30.0%	-323,6 k €	+5.3%	-341,9 k €	-16.6%	-293,3 k €	+12.6%	-335,7 k €	-16.6%	-288 k €	-5.5%	-272,9 k €	-21.8%	-224 k €	-951%	-21,3 k €	-8.9%	-19,6 k €	+22.2%	-25,1 k €	-23.7%	-20,3 k €	+21.5%	-25,9 k €	-56.4%	-16,6 k €	-14.0%	-14,5 k €
EBITDA	-851,2 k €	-18.2%	-720,1 k €	-72.3%	-418 k €	-2.8%	-406,7 k €	+12.5%	-465 k €	-43.3%	-324,6 k €	+5.3%	-342,9 k €	-16.5%	-294,3 k €	+12.6%	-336,7 k €	-16.5%	-288,9 k €	-5.5%	-273,9 k €	-21.7%	-224,9 k €	-910%	-22,3 k €	-8.6%	-20,5 k €	+21.4%	-26,1 k €	-22.7%	-21,3 k €	+20.7%	-26,8 k €	-53.4%	-17,5 k €	-13.2%	-15,5 k €
Operating result	-851,2 k €	-18.2%	-720,1 k €	-72.3%	-418 k €	-2.8%	-406,7 k €	+12.5%	-465 k €	-43.3%	-324,6 k €	+5.3%	-342,9 k €	-16.5%	-294,3 k €	+12.6%	-336,7 k €	-16.5%	-288,9 k €	-5.5%	-273,9 k €	-21.7%	-224,9 k €	-910%	-22,3 k €	-8.6%	-20,5 k €	+21.4%	-26,1 k €	-22.7%	-21,3 k €	+20.7%	-26,8 k €	-53.4%	-17,5 k €	-13.2%	-15,5 k €
Net result	25,8 M €	-75.0%	103,2 M €	+1284%	7,5 M €	-37.7%	12 M €	+136%	5,1 M €	+465%	898,9 k €	-76.4%	3,8 M €	-18.9%	4,7 M €	-41.3%	8 M €	+241%	2,4 M €	-22.8%	3 M €	+14.6%	2,7 M €	+66.2%	1,6 M €	+110%	-15,5 M €	-8519%	-179,6 k €	+27.5%	-247,6 k €	-106%	4 M €	+12.4%	3,6 M €	+44.4%	2,5 M €
Balance sheet
Equity	216,5 M €	+11.2%	194,7 M €	+104%	95,5 M €	+3.8%	92,1 M €	+9.7%	83,9 M €	+1.8%	82,5 M €	+0.1%	82,4 M €	+1.2%	81,4 M €	+4.1%	78,2 M €	+9.1%	71,7 M €	+3.4%	69,4 M €	+1.7%	68,2 M €	-1.9%	69,6 M €	-0.4%	69,9 M €	-18.1%	85,3 M €	-2.5%	87,5 M €	-0.3%	87,8 M €	+4.8%	83,7 M €	+4.5%	80,1 M €
Total assets	235,9 M €	+1.6%	232,2 M €	+93.7%	119,9 M €	+2.9%	116,5 M €	+7.9%	107,9 M €	+3.8%	104 M €	+12.2%	92,6 M €	+3.7%	89,4 M €	+1.6%	87,9 M €	+0.7%	87,3 M €	+3.2%	84,7 M €	+0.6%	84,1 M €	-5.4%	89 M €	+1.2%	87,9 M €	-14.9%	103,3 M €	-0.0%	103,3 M €	-2.1%	105,5 M €	+25.8%	83,8 M €	+4.6%	80,2 M €
Cash	2,4 M €	+761%	273,7 k €	-85.3%	1,9 M €	-78.2%	8,6 M €	-17.7%	10,4 M €	+57.7%	6,6 M €	+2006%	313,1 k €	-65.4%	903,6 k €	+11092%	8,1 k €	-66.9%	24,4 k €	-63.3%	66,4 k €	+112%	31,4 k €	+924%	3,1 k €	+59.0%	1,9 k €	+14773%	13 €	-99.1%	1,4 k €	+207%	447,1 €	-92.9%	6,3 k €	+2216%	270,7 €
Debts	19,3 M €	-48.2%	37,4 M €	+54.5%	24,2 M €	-0.2%	24,2 M €	+1.7%	23,8 M €	+11.7%	21,3 M €	+109%	10,2 M €	+29.0%	7,9 M €	-18.4%	9,7 M €	-37.8%	15,6 M €	+2.2%	15,2 M €	-3.8%	15,8 M €	-17.9%	19,3 M €	+7.7%	17,9 M €	+0.9%	17,7 M €	+14.2%	15,5 M €	-11.2%	17,5 M €	+15360%	113,2 k €	+262%	31,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 25 ended

Active mandates

Albrecht DE GRAEVE

Director · since 06 mai 2024 · until 03 mai 2027

Active

Benoit VAN ASSCHE

Director · since 06 mai 2024 · until 03 mai 2027

Active

David VLERICK

Director · since 06 mai 2024 · until 03 mai 2027

Active

Gustaaf SAP

Chairman of the board of directors · since 06 mai 2024 · until 03 mai 2027

Active

Philippe VLERICK

Managing director · since 06 mai 2024 · until 03 mai 2027

Active

Ended mandates

Ben VAN ASSCHE

Director · since 03 mai 2021 · until 06 mai 2024

Ended

Bert DE GRAEVE

Director · since 03 mai 2021 · until 06 mai 2024

Ended

David VLERICK

Director · since 03 mai 2021 · until 06 mai 2024

Ended

Gustaaf SAP

Chairman of the board of directors · since 03 mai 2021 · until 06 mai 2024

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/05/2026	26/05/2025	04/06/2024	30/05/2023	10/06/2022	01/06/2021
General meeting	04/05/2026	05/05/2025	06/05/2024	02/05/2023	16/05/2022	03/05/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/05/2026	27/05/2026	Dutch	PDF
Abridged model	31/12/2024	05/05/2025	26/05/2025	Dutch	PDF
Abridged model	31/12/2023	06/05/2024	04/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/05/2023	30/05/2023	Dutch	PDF
Abridged model	31/12/2021	16/05/2022	10/06/2022	Dutch	PDF
Abridged model	31/12/2020	03/05/2021	01/06/2021	Dutch	PDF
Abridged model	31/12/2019	04/05/2020	28/05/2020	Dutch	PDF
Abridged model	31/12/2018	06/05/2019	21/05/2019	Dutch	PDF
Abridged model	31/12/2017	07/05/2018	25/05/2018	Dutch	PDF
Abridged model	31/12/2016	08/05/2017	11/05/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	03/06/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	23/05/2014	05/06/2014	Dutch	PDF
Abridged model	31/12/2012	27/05/2013	06/06/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	21/05/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	10/06/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	03/06/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	03/06/2009	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	06/06/2008	Dutch	PDF
Abridged model	31/12/2006	07/05/2007	04/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/12/2025 · 5 active · 25 ended

Active mandates

Albrecht DE GRAEVE

Director · since 06 mai 2024 · until 03 mai 2027

Active

Benoit VAN ASSCHE

Director · since 06 mai 2024 · until 03 mai 2027

Active

David VLERICK

Director · since 06 mai 2024 · until 03 mai 2027

Active

Gustaaf SAP

Chairman of the board of directors · since 06 mai 2024 · until 03 mai 2027

Active

Philippe VLERICK

Managing director · since 06 mai 2024 · until 03 mai 2027

Active

Ended mandates

Ben VAN ASSCHE

Director · since 03 mai 2021 · until 06 mai 2024

Ended

Bert DE GRAEVE

Director · since 03 mai 2021 · until 06 mai 2024

Ended

David VLERICK

Director · since 03 mai 2021 · until 06 mai 2024

Ended

Gustaaf SAP

Chairman of the board of directors · since 03 mai 2021 · until 06 mai 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/06/2017
ONTSLAGEN - BENOEMINGEN
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

04/05/2026
nominationE&Y Bedrijfsrevisoren — commissaris
2025
Annual accounts 202525,8 M €↓
2024
Annual accounts 2024103,2 M €↑
06/05/2024
reconductionPhilippe Vlerick — bestuurder
06/05/2024
reconductionGustaaf Sap — bestuurder
06/05/2024
reconductionBenoit Van Assche — bestuurder
06/05/2024
reconductionAlbrecht De Graeve — bestuurder
06/05/2024
reconductionDavid Vlerick — bestuurder
2023
Annual accounts 20237,5 M €↓
02/05/2023
reconductionEY Bedrijfsrevisoren BV — commissaris
2022
Annual accounts 202212 M €↑
2021
Annual accounts 20215,1 M €↑
2020
Annual accounts 2020898,9 k €↓
2019
Annual accounts 20193,8 M €↓
2018
Annual accounts 20184,7 M €↓
2017
Annual accounts 20178 M €↑
2016
Annual accounts 20162,4 M €↓
2015
Annual accounts 20153 M €↑
2013
Annual accounts 20132,7 M €↑
2012
Annual accounts 20121,6 M €↑
2011
Annual accounts 2011-15,5 M €↓
2010
Annual accounts 2010-179,6 k €↑
2009
Annual accounts 2009-247,6 k €↓
2008
Annual accounts 20084 M €↑
2007
Annual accounts 20073,6 M €↑
2006
Annual accounts 20062,5 M €
25/11/1976
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

Cecan

Overview

What does Cecan do?

Trend over 19 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