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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
ICFAN from Knokke-Heist, company number BE0689544591, closed financial year 2025 with a result of € 53,217 after tax. For that financial year ICFAN recorded a gross margin of € 134,757 and equity of € -804,265. Compared with financial year 2024, the result moved from € 50,257 to € 53,217. Profitable, and profit is growing. 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 17, 2026.
€ -804,265
▲ € 53,217 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 53,217
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 97,619
▼ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -1.3 million.
Debts at end 2025
€ 2 million
▼ 5% vs 2024
€ 78,071 is repaid this year. At this pace the long-term loan is gone in ≈ 26 years.
€ 65
▼ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 22,388
▲ € 21,069 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 688,154 | € 127,449 | € 133,061 | € 134,757 | ▲ 1% |
| Profit after taxes | € 524,474 | € 8,378 | € 50,257 | € 53,217 | ▲ 6% |
| Equity | € -916,116 | € -907,738 | € -857,481 | € -804,265 | ▲ € 53,217 |
| Total debts | € 2,348,512 | € 2,249,679 | € 2,139,205 | € 2,054,457 | ▼ 4% |
| Cash | € 256,279 | € 229,268 | € 205,127 | € 97,619 | ▼ 52% |
| Land & buildings | € 1,141,186 | € 1,103,150 | € 1,065,115 | € 1,138,769 | ▲ 7% |
| Retained profit | € -1,416,116 | € -1,407,738 | € -1,357,481 | € -1,304,265 | ▲ € 53,217 |
| Bank debt | € 2,321,156 | € 2,224,147 | € 2,125,615 | € 2,029,915 | ▼ 5% |
| Balance sheet total | € 1,432,396 | € 1,341,941 | € 1,281,723 | € 1,250,192 | ▼ 2% |
| Employees (FTE) | 1 | 0 | 0 | - |
Key figures of ICFAN, 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 ICFAN?
What happened at ICFAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Julie Hemelaer stepped down as director. NBB
- Frank Hemelaer stepped down as director. NBB
- Bram Vanballenberghe stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 53,217 (▲ 6% vs 2024). Source: NBB ↗
- Julie Hemelaer became a director. NBB
- Frank Hemelaer became a director. NBB
- Bram Vanballenberghe became a director. NBB
- New establishment in Knokke-Heist. KBO
In short
From € 524,474 profit in 2022 to € 53,217 profit in 2025.
Paid € 36 in corporate taxes since 2022.
Best year ever: 2022, with € 524,474 profit.
On average € 688,200 of value added per employee in 2022.
Management
The stake of JUFRA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ICFANThe shares are held by JUFRA (98%).
Directors
According to the 2025 annual accounts
Julie Hemelaer
Director
since 2023 · until 2028
Frank Hemelaer
Managing director
Also active at: CDM, BEPA, HEMPRO, Knokke Heliport, HAAGDAM, Crescelor, KNOKKE CONSTRUCT, Residentie Wellington +2 more
since 2023 · until 2028
since 2023 · until 2028
Shareholders
98%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dumortierlaan 89
8300 Knokke-Heist
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0689.544.591
- VAT number
- BE 0689.544.591
- Registered office
- Dumortierlaan 89, 8300 Knokke-Heist
- Names & denominations
- ICFAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 January 2018
- Peppol
- Active · Active since 5 Dec 2025
- Activities · NACE
Overige werkzaamheden in verband met de afwerking van gebouwen
Overige bouwinstallatie
Schrijnwerk
Algemene elektrotechnische installatiewerken
Overige bouwinstallatie, n.e.g.