ACTIVE

SICAF

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Financial year 2025 · closed on 30/09/2025

Net result

-28,7 k €

-24.2% YoY

Gross margin

942,6 k €

-6.0% YoY

Equity

185,5 k €

-13.4% YoY

Workforce

10,2 ETP

-8.9% YoY

What does SICAF do?

SICAF is a Private limited company incorporated in 2001. Its main activity is: Activities of holding companies. Its registered office is in Maldegem. It employs on average 10,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.093.816

Incorporation

16/11/2001

Legal form

Private limited company

Registered office

Vliegplein 27
9991 Maldegem · FlandreSee on map

Contributed capital

21 000,00 €

Latest accounts

30/09/2025

Average workforce

10,2 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70100Activities of head offices 70100Activities of head offices 74151Specialised design activities 70200Management consultancy activities+5

Joint committees (3)

Signals

Good liquidityPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	942,6 k €	-6.0%	1 M €	+1.5%	987,4 k €	+12.2%	880,2 k €	-7.7%	953,1 k €	+7.0%	890,5 k €	-1.4%	903,6 k €	+12.4%	803,7 k €	-9.4%	886,7 k €	-9.6%	980,5 k €	+10.3%	888,8 k €	+3.3%	860,3 k €	-7.5%	929,8 k €	+1.4%	917 k €	+5.3%	870,9 k €	-9.5%	961,9 k €	-21.1%	1,2 M €	+7.7%	1,1 M €	+14.7%	986,6 k €	+14.9%	858,7 k €
EBITDA	293,2 k €	-6.3%	312,9 k €	-16.1%	372,9 k €	+30.5%	285,8 k €	+1.3%	282,2 k €	-3.7%	293,2 k €	-0.3%	293,9 k €	+8.3%	271,3 k €	-14.0%	315,3 k €	+1.9%	309,5 k €	+24.4%	248,8 k €	+3.5%	240,3 k €	-26.3%	326 k €	-0.4%	327,3 k €	-1.2%	331,2 k €	-3.1%	342 k €	-36.3%	537,1 k €	+14.9%	467,4 k €	+6.4%	439,4 k €	+18.1%	372,1 k €
Operating result	264,8 k €	-1.4%	268,5 k €	-17.2%	324,3 k €	+35.1%	240,1 k €	+1.2%	237,2 k €	-4.1%	247,3 k €	-5.7%	262,2 k €	+17.1%	223,9 k €	-14.3%	261,3 k €	+1.8%	256,7 k €	+31.9%	194,6 k €	-1.3%	197,2 k €	-35.9%	307,6 k €	-5.7%	326,2 k €	+6.5%	306,2 k €	-10.4%	342 k €	-36.3%	537,1 k €	+17.1%	458,6 k €	+11.9%	409,8 k €	+21.1%	338,3 k €
Net result	-28,7 k €	-24.2%	-23,1 k €	-212%	20,6 k €	+232%	6,2 k €	+140%	2,6 k €	-76.5%	11 k €	-46.7%	20,7 k €	+372%	-7,6 k €	-146%	16,5 k €	+45.6%	11,3 k €	+140%	-28,4 k €	-209%	-9,2 k €	-112%	74,2 k €	+260%	20,6 k €	-41.4%	35,2 k €	-45.1%	64,1 k €	+1868%	3,3 k €	+115%	-21,8 k €	-444%	-4 k €	-142%	9,6 k €
Balance sheet
Equity	185,5 k €	-13.4%	214,2 k €	-9.7%	237,2 k €	+9.5%	216,6 k €	+3.0%	210,4 k €	+1.2%	207,8 k €	+5.6%	196,8 k €	+11.7%	176,1 k €	-4.1%	183,7 k €	+9.9%	167,2 k €	+7.3%	155,9 k €	-15.4%	184,3 k €	-4.7%	193,5 k €	+62.2%	119,3 k €	+20.9%	98,7 k €	+55.4%	63,5 k €	+9850%	-651 €	+83.4%	-3,9 k €	-122%	17,9 k €	-18.3%	21,9 k €
Total assets	7 M €	-0.2%	7 M €	-0.9%	7 M €	+0.6%	7 M €	-0.6%	7 M €	-0.7%	7,1 M €	+1.9%	7 M €	+0.4%	6,9 M €	-0.5%	7 M €	-0.5%	7 M €	+0.0%	7 M €	-0.6%	7 M €	+0.9%	7 M €	+2.0%	6,8 M €	+0.2%	6,8 M €	+1.0%	6,8 M €	-2.2%	6,9 M €	+0.1%	6,9 M €	-0.2%	6,9 M €	+0.2%	6,9 M €
Cash	10,9 k €	-18.4%	13,4 k €	+56.9%	8,5 k €	-20.6%	10,7 k €	+10.4%	9,7 k €	-63.0%	26,3 k €	-12.3%	30 k €	-18.1%	36,6 k €	+254%	10,3 k €	-27.2%	14,2 k €	-1.0%	14,3 k €	+3.2%	13,9 k €	-7.8%	15,1 k €	-26.3%	20,4 k €	+88.4%	10,8 k €	-19.6%	13,5 k €	-6.7%	14,5 k €	+234%	4,3 k €	-90.8%	47,1 k €	+16.2%	40,6 k €
Debts	6,8 M €	+0.1%	6,8 M €	-0.5%	6,8 M €	+0.3%	6,8 M €	-0.8%	6,8 M €	-0.7%	6,9 M €	+1.8%	6,8 M €	+0.1%	6,7 M €	-0.4%	6,8 M €	-0.7%	6,8 M €	-0.2%	6,8 M €	-0.2%	6,8 M €	+1.0%	6,8 M €	+0.9%	6,7 M €	-0.1%	6,7 M €	+0.4%	6,7 M €	-2.6%	6,9 M €	-0.0%	6,9 M €	+0.1%	6,9 M €	+0.2%	6,9 M €
Other
Workforce	10,2 ETP	-8.9%	11,2 ETP	+6.7%	10,5 ETP	-7.9%	11,4 ETP	-10.2%	12,7 ETP	+17.6%	10,8 ETP	-8.5%	11,8 ETP	+15.7%	10,2 ETP	-10.5%	11,4 ETP	-9.5%	12,6 ETP	-1.6%	12,8 ETP	+1.6%	12,6 ETP	+0.8%	12,5 ETP	+0.8%	12,4 ETP	+9.7%	11,3 ETP	-13.7%	13,1 ETP	-16.0%	15,6 ETP	-1.9%	15,9 ETP	+16.1%	13,7 ETP	+11.4%	12,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 3 ended

Active mandates

Rik Van Hoorebeke

Director · since 03 juillet 2023

Active

Ended mandates

Rik Van Hoorebeke

Mandate

Ended

Rik Van Hoorebeke

Director

Ended

Rik Van Hoorebeke

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
4U● Active	0887.140.719
ALLIÉ● Active	1019.344.096
BLASCO● Active	0420.705.826
DE VLAEMINCK BOUW● Active	0879.802.767
MVH Schilderwerken● Active	1012.970.307
Overseas Import Lubricating● Active	0427.364.776
Partner● Active	0427.395.262
SPITS● Active	0427.804.147

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/03/2026	30/04/2025	14/04/2024	26/04/2023	26/03/2022	01/04/2021
General meeting	27/03/2026	28/03/2025	29/03/2024	31/03/2023	25/03/2022	26/03/2021
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	30/09/2025	27/03/2026	31/03/2026	Dutch	PDF
Abridged model	30/09/2024	28/03/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	29/03/2024	14/04/2024	Dutch	PDF
Abridged model	30/09/2022	31/03/2023	26/04/2023	Dutch	PDF
Abridged model	30/09/2021	25/03/2022	26/03/2022	Dutch	PDF
Abridged model	30/09/2020	26/03/2021	01/04/2021	Dutch	PDF
Abridged model	30/09/2019	30/12/2019	17/01/2020	Dutch	PDF
Abridged model	30/09/2018	29/03/2019	02/04/2019	Dutch	PDF
Abridged model	30/09/2017	30/03/2018	03/04/2018	Dutch	PDF
Abridged model	30/09/2016	31/03/2017	20/04/2017	Dutch	PDF
Abridged model	30/09/2015	25/03/2016	29/03/2016	Dutch	PDF
Abridged model	30/09/2014	27/03/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/03/2014	02/04/2014	Dutch	PDF
Abridged model	30/09/2012	29/03/2013	02/04/2013	Dutch	PDF
Abridged model	30/09/2011	30/03/2012	06/04/2012	Dutch	PDF
Abridged model	30/09/2010	25/03/2011	08/04/2011	Dutch	PDF
Abridged model	30/09/2009	26/03/2010	29/03/2010	Dutch	PDF
Abridged model	30/09/2008	27/03/2009	30/03/2009	Dutch	PDF
Abridged model	30/09/2007	28/03/2008	08/05/2008	Dutch	PDF
Abridged model	30/09/2006	30/03/2007	23/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 30/09/2025 · 1 active · 3 ended

Active mandates

Rik Van Hoorebeke

Director · since 03 juillet 2023

Active

Ended mandates

Rik Van Hoorebeke

Mandate

Ended

Rik Van Hoorebeke

Director

Ended

Rik Van Hoorebeke

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/07/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other19/09/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/07/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/05/2004
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

2025
Annual accounts 2025-28,7 k €↓
2024
Annual accounts 2024-23,1 k €↓
2023
Annual accounts 202320,6 k €↑
2022
Annual accounts 20226,2 k €↑
2021
Annual accounts 20212,6 k €↓
2020
Annual accounts 202011 k €↓
2019
Annual accounts 201920,7 k €↑
2018
Annual accounts 2018-7,6 k €↓
2017
Annual accounts 201716,5 k €↑
2016
Annual accounts 201611,3 k €↑
2015
Annual accounts 2015-28,4 k €↓
2014
Annual accounts 2014-9,2 k €↓
2013
Annual accounts 201374,2 k €↑
2012
Annual accounts 201220,6 k €↓
2011
Annual accounts 201135,2 k €↓
2010
Annual accounts 201064,1 k €↑
2009
Annual accounts 20093,3 k €↑
2008
Annual accounts 2008-21,8 k €↓
2007
Annual accounts 2007-4 k €↓
2006
Annual accounts 20069,6 k €
16/11/2001
IncorporationPrivate 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

SICAF

Overview

What does SICAF do?

Trend over 20 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