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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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
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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 2025
Cecan from Kortrijk, company number BE0417119004, closed financial year 2025 with a result of € 25.8 million after tax. For that financial year Cecan recorded a gross margin of € -838,803 and equity of € 216.5 million. Compared with financial year 2024, the result moved from € 103.2 million to € 25.8 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ 216.5 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 25.8 million
▼ 75% vs 2024
Profit after tax over the fiscal year.
€ 2.4 million
▲ € 2.1 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 4 million paid out
15 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 12 million
▼ 20% vs 2024
€ 2 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 338,343
▼ 50% 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 | € -390,489 | € -397,786 | € -700,691 | € -838,803 | ▼ € 138,112 |
| Profit after taxes | € 11,966,236 | € 7,455,676 | € 103,179,587 | € 25,811,520 | ▼ 75% |
| Equity | € 92,062,372 | € 95,518,048 | € 194,697,636 | € 216,509,155 | ▲ 11% |
| Total debts | € 24,407,716 | € 24,358,796 | € 37,482,852 | € 19,385,246 | ▼ 48% |
| Cash | € 8,553,770 | € 1,867,937 | € 273,679 | € 2,357,604 | ▲ € 2.1 million |
| Retained profit | € 90,812,372 | € 94,268,048 | € 193,447,636 | € 215,259,155 | ▲ 11% |
| Dividend | € 3,850,000 | € 4,000,000 | € 4,000,000 | € 4,000,000 | |
| Bank debt | € 20,000,000 | € 20,000,000 | € 15,000,000 | € 12,000,000 | ▼ 20% |
| Balance sheet total | € 116,470,088 | € 119,876,844 | € 232,180,487 | € 235,894,401 | ▲ 2% |
Key figures of Cecan, 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 Cecan?
What happened at Cecan in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Benoit VAN ASSCHE stepped down as director. NBB
- Gustaaf SAP stepped down as director. NBB
- Philippe VLERICK stepped down as director. NBB
- Albrecht DE GRAEVE stepped down as director. NBB
- David VLERICK stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 25.8 million (▼ 75% vs 2024). Source: NBB ↗
- Benoit VAN ASSCHE became a director. NBB
- Gustaaf SAP became a director. NBB
In short
From € 12 million profit in 2022 to € 25.8 million profit in 2025.
Best year ever: 2024, with € 103.2 million profit.
Paid out € 15.9 million in dividends to the owners in total.
A new publication or filing at Cecan? 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 2025 annual accounts
since 2024 · until 2027
Gustaaf SAP
Chairman of the board
since 2024 · until 2027
Philippe VLERICK
Managing director
Also active at: BESIX Group, LVD COMPANY, POINT, BELGIAN INTERNATIONAL CARPET C°, VOBIS FINANCE, MIDELCO, LVD - INVEST, VLERICK VASTGOED +8 more
since 2024 · until 2027
Albrecht DE GRAEVE
Director
since 2024 · until 2027
David VLERICK
Director
Also active at: POINT, BELGIAN INTERNATIONAL CARPET C°, MIDELCO, 9.5 MAGNITUDE VENTURES, Alydar, Bluegrass Ventures USD
since 2024 · until 2027
Establishments
Establishment units
Physical locations of this company
Doorniksewijk(Kor) 49
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →B.M.H.
Belgo-Indian Chamber of Commerce and Industry
VOBIS FINANCE same network
MIDELCO same network
€ 1.2 million revenue · 2025
VLERICK VASTGOED same network
€ 958,865 gross margin · 2025
+12 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
- 0417.119.004
- VAT number
- BE 0417.119.004
- Registered office
- Doorniksewijk(Kor) 49, 8500 Kortrijk
- Names & denominations
- Cecan
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 November 1976
- Peppol
- Not registered