Cecan
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 27-05-2026 PDF all 49 filings
Equity
€216.5m▲ 11.2%
2024 · €194.7m
Total assets
€235.9m▲ 1.6%
2024 · €232.2m
Net result
€25.8m▼ 75.0%
2024 · €103.2m
Working capital
-€1.5m▲ 95.0%
2024 · -€30.3m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€851,222
▼ 18.2%
2025
20182025
Net result
€25.8m
▼ 75.0%
2025
20182025
Equity
€216.5m
▲ 11.2%
2025
20182025
Total assets
€235.9m
▲ 1.6%
2025
20182025
Debt
€19.4m
▼ 48.3%
2025
20182025
Working capital
-€1.5m
▲ 95.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.3m--€0.3m▼ 16.5%-€0.3m▲ 5.3%-€0.5m▼ 43.3%-€0.4m▲ 12.5%-€0.4m▼ 2.8%-€0.7m▼ 72.3%-€0.9m▼ 18.2%
Net result€4.7m-€3.8m▼ 18.9%€0.9m▼ 76.4%€5.1m▲ 465%€12.0m▲ 136%€7.5m▼ 37.7%€103.2m▲ 14×€25.8m▼ 75.0%
Equity€81.4m-€82.4m▲ 1.2%€82.5m▲ 0.1%€83.9m▲ 1.8%€92.1m▲ 9.7%€95.5m▲ 3.8%€194.7m▲ 104%€216.5m▲ 11.2%
Total assets€89.4m-€92.6m▲ 3.7%€104.0m▲ 12.2%€107.9m▲ 3.8%€116.5m▲ 7.9%€119.9m▲ 2.9%€232.2m▲ 93.7%€235.9m▲ 1.6%
Debt€7.9m-€10.3m▲ 29.5%€21.5m▲ 110%€24.0m▲ 11.7%€24.4m▲ 1.7%€24.4m▼ 0.2%€37.5m▲ 53.9%€19.4m▼ 48.3%
Working capital-€1.4m-€4.1m€12.6m▲ 207%€14.1m▲ 11.9%€7.3m▼ 48.2%€5.8m▼ 21.1%-€30.3m-€1.5m▲ 95.0%
The operating result for 2025 is a loss of €851,222, larger than the loss of €720,130 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235.9m
Fixed assets
€228.1m ▼ 0.9%
Current assets
€7.8m ▲ 272%
Equity and liabilities €235.9m
Equity
€216.5m ▲ 11.2%
Debt
€19.4m ▼ 48.3%
Debt's share of the balance-sheet total falls from 16.1% to 8.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.84▲
2024 · 0.07
Debt to equity
0.09▼
2024 · 0.19
ROE
11.9%▼
2024 · 53.0%
ROA
10.9%▼
2024 · 44.4%
Debt ≤ 1 year
€9.3m▼
2024 · €32.4m
Debt > 1 year
€10.0m▲
2024 · €5.0m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | €14.9m | - | €81.7m | €7.7m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.4m | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.04m | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 36.1% |
| Gross operating margin9900 | -€0.3m | -€0.3m | -€0.3m | -€0.4m | -€0.4m | -€0.4m | -€0.7m | -€0.8m | ▼ 19.7% |
| Operating profit (loss)9901 | -€0.3m | -€0.3m | -€0.3m | -€0.5m | -€0.4m | -€0.4m | -€0.7m | -€0.9m | ▼ 18.2% |
| Financial income75/76B | - | - | - | €5.8m | €12.6m | €8.1m | €104.2m | €27.3m | ▼ 73.8% |
| Recurring financial income75 | €5.1m | €4.2m | €1.4m | €5.8m | €12.6m | €8.1m | €9.0m | €23.7m | ▲ 162% |
| Non-recurring financial income76B | - | - | - | - | - | - | €95.1m | €3.6m | ▼ 96.2% |
| Financial charges65/66B | - | - | - | €0.2m | €0.3m | €0.2m | €0.3m | €0.6m | ▲ 126% |
| Recurring financial charges65 | €0.1m | €0.09m | €0.2m | €0.2m | €0.3m | €0.2m | €0.3m | €0.6m | ▲ 126% |
| Profit (loss) for the period before taxes9903 | €4.7m | €3.8m | €0.9m | €5.1m | €12.0m | €7.5m | €103.2m | €25.8m | ▼ 75.0% |
| Profit (loss) for the period9904 | €4.7m | €3.8m | €0.9m | €5.1m | €12.0m | €7.5m | €103.2m | €25.8m | ▼ 75.0% |
| Profit (loss) for the period to be appropriated9905 | €4.7m | €3.8m | €0.9m | €5.1m | €12.0m | €7.5m | €103.2m | €25.8m | ▼ 75.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €89.4m | €92.6m | €104.0m | €107.9m | €116.5m | €119.9m | €232.2m | €235.9m | ▲ 1.6% |
| Fixed assets21/28 | €83.8m | €83.8m | €90.0m | €90.0m | €104.9m | €104.9m | €230.1m | €228.1m | ▼ 0.9% |
| Financial fixed assets28 | €83.8m | €83.8m | €90.0m | €90.0m | €104.9m | €104.9m | €230.1m | €228.1m | ▼ 0.9% |
| Current assets29/58 | €5.5m | €8.8m | €13.9m | €17.9m | €11.5m | €14.9m | €2.1m | €7.8m | ▲ 272% |
| Amounts receivable within one year40/41 | €1.5m | €5.4m | €7.3m | €7.5m | €3.0m | €1.5m | €1.8m | €5.5m | ▲ 199% |
| Other amounts receivable41 | - | - | - | €7.5m | €3.0m | €1.5m | €1.8m | €5.5m | ▲ 199% |
| Current investments50/53 | €0.06m | €0.007m | €0.004m | - | - | €11.5m | - | - | - |
| Cash at bank and in hand54/58 | €0.9m | €0.3m | €6.6m | €10.4m | €8.6m | €1.9m | €0.3m | €2.4m | ▲ 761% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | - | €0.003m | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €89.4m | €92.6m | €104.0m | €107.9m | €116.5m | €119.9m | €232.2m | €235.9m | ▲ 1.6% |
| Equity10/15 | €81.4m | €82.4m | €82.5m | €83.9m | €92.1m | €95.5m | €194.7m | €216.5m | ▲ 11.2% |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Capital10 | - | - | - | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Issued capital100 | - | - | - | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €60.8m | €59.3m | €59.3m | €59.3m | €59.3m | €59.3m | €59.3m | €59.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Other1319 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | - | €59.2m | €59.2m | €59.2m | €59.2m | €59.2m | = |
| Profit (loss) carried forward14 | €19.3m | €21.8m | €21.9m | €23.4m | €31.5m | €34.9m | €134.1m | €155.9m | ▲ 16.3% |
| Amounts payable17/49 | €7.9m | €10.3m | €21.5m | €24.0m | €24.4m | €24.4m | €37.5m | €19.4m | ▼ 48.3% |
| Amounts payable after more than one year17 | €1.0m | €5.5m | €20.0m | €20.0m | €20.0m | €15.0m | €5.0m | €10.0m | ▲ 100% |
| Financial debts170/4 | - | - | - | €20.0m | €20.0m | €15.0m | - | €10.0m | - |
| Other amounts payable178/9 | - | - | - | - | - | - | €5.0m | - | - |
| Amounts payable within one year42/48 | €6.9m | €4.7m | €1.3m | €3.8m | €4.2m | €9.2m | €32.4m | €9.3m | ▼ 71.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €5.0m | €15.0m | €2.0m | ▼ 86.7% |
| Trade debts44 | €0.1m | €0.3m | €0.02m | €0.2m | €0.4m | €0.2m | €0.7m | €0.3m | ▼ 49.8% |
| Suppliers440/4 | - | - | - | €0.2m | €0.4m | €0.2m | €0.7m | €0.3m | ▼ 49.8% |
| Other amounts payable47/48 | - | - | - | €3.6m | €3.9m | €4.0m | €16.7m | €7.0m | ▼ 58.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.04m | ▼ 71.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.7m | €3.8m | €0.9m | €5.1m | €12.0m | €7.5m | €103.2m | €25.8m | ▼ 75.0% |
| Operating cash flow (approximation) | €4.7m | €3.8m | €0.9m | €5.1m | €12.0m | €7.5m | €103.2m | €25.8m | ▼ 75.0% |
| Investment in fixed assets (approximation) | - | €0 | -€6.2m | €0 | -€14.9m | €0 | -€125.1m | €2.0m | - |
| Change in cash | - | -€0.6m | €6.3m | €3.8m | -€1.8m | -€6.7m | -€1.6m | €2.1m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-05-2026 | 2026-00127169 | |
| 31-12-2024 | abbreviated format | 26-05-2025 | 2025-00107962 | |
| 31-12-2023 | abbreviated format | 04-06-2024 | 2024-00118831 | |
| 31-12-2022 | abbreviated format | 30-05-2023 | 2023-00113786 | |
| 31-12-2021 | abbreviated format | 10-06-2022 | 2022-20066347 | |
| 31-12-2020 | abbreviated format | 01-06-2021 | 2021-16400285 | |
| 31-12-2019 | abbreviated format | 28-05-2020 | 2020-13500370 | |
| 31-12-2018 | abbreviated format | 21-05-2019 | 2019-14200103 | |
| 31-12-2017 | abbreviated format | 25-05-2018 | 2018-14000485 | |
| 31-12-2016 | abbreviated format | 11-05-2017 | 2017-11800529 |