ACTIVE

MICIV

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Financial year 2025 · closed on 31/12/2025

Net result

15,1 k €

-77.6% YoY

Gross margin

113 k €

-43.3% YoY

Equity

725,3 k €

+2.1% YoY

What does MICIV do?

MICIV is a Private limited company incorporated in 1979. Its registered office is in Tervuren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.012.671

Incorporation

22/11/1979

Legal form

Private limited company

Registered office

Jan Van Boendalelaan 25
3080 Tervuren · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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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	113 k €	-43.3%	199,2 k €	+13.3%	175,8 k €	+42.9%	123,1 k €	+9.9%	112 k €	-21.2%	142,1 k €	-3.2%	146,9 k €	+22.1%	120,3 k €	-25.8%	162,2 k €	+1.3%	160,2 k €	+35.4%	118,3 k €	-29.8%	168,4 k €	+14.7%	146,9 k €	+26.9%	115,8 k €	+4.9%	110,4 k €	-1.6%	112,1 k €	-13.3%	129,3 k €	-3.0%	133,3 k €	+80.4%	73,9 k €	+125%	32,8 k €
EBITDA	89,6 k €	-48.0%	172,2 k €	+11.2%	154,8 k €	+51.1%	102,5 k €	+8.7%	94,2 k €	-24.3%	124,5 k €	-4.9%	130,9 k €	+25.2%	104,5 k €	-28.7%	146,7 k €	+1.3%	144,8 k €	+39.6%	103,7 k €	-32.6%	153,9 k €	+24.4%	123,8 k €	-7.4%	133,6 k €	+46.2%	91,4 k €	-2.2%	93,5 k €	-15.6%	110,7 k €	-11.0%	124,4 k €	+91.0%	65,1 k €	+218%	20,5 k €
Operating result	45,2 k €	-64.0%	125,4 k €	+15.2%	108,8 k €	+182%	38,7 k €	+253%	11 k €	-71.1%	38 k €	+9.7%	34,6 k €	+506%	5,7 k €	-90.1%	57,6 k €	+110%	27,4 k €	+254%	-17,8 k €	-203%	17,2 k €	+241%	-12,3 k €	-137%	33,1 k €	+20.8%	27,4 k €	-47.0%	51,6 k €	-30.9%	74,6 k €	-20.7%	94,1 k €	+109%	44,9 k €	+591%	6,5 k €
Net result	15,1 k €	-77.6%	67,4 k €	-1.0%	68 k €	+206%	22,2 k €	+648%	-4,1 k €	-121%	19,6 k €	-7.0%	21,1 k €	+362%	-8 k €	-114%	56,5 k €	+578%	8,3 k €	+123%	-35,6 k €	-14745%	-240,1 €	+99.3%	-36,5 k €	-345%	14,9 k €	+4.7%	14,2 k €	-54.4%	31,1 k €	-42.1%	53,8 k €	-37.8%	86,5 k €	+83.5%	47,1 k €	+29.9%	36,3 k €
Balance sheet
Equity	725,3 k €	+2.1%	710,2 k €	+10.5%	642,9 k €	+11.8%	574,8 k €	+4.0%	552,6 k €	-0.7%	556,7 k €	+3.6%	537,1 k €	+4.1%	516 k €	-1.5%	524,1 k €	+12.1%	467,5 k €	+1.8%	459,2 k €	-7.2%	494,8 k €	-0.0%	495,1 k €	-6.9%	531,6 k €	+2.9%	516,7 k €	+2.8%	502,5 k €	+6.6%	471,4 k €	+12.9%	417,5 k €	+26.1%	331,1 k €	+16.6%	283,9 k €
Total assets	1,2 M €	+1.5%	1,1 M €	+4.7%	1,1 M €	+5.2%	1 M €	+6.3%	971,2 k €	-0.9%	979,9 k €	-3.9%	1 M €	-1.2%	1 M €	-4.4%	1,1 M €	-5.1%	1,1 M €	+1.4%	1,1 M €	-5.3%	1,2 M €	-4.5%	1,2 M €	+4.2%	1,2 M €	+21.6%	977,3 k €	+4.0%	939,9 k €	+8.5%	866,6 k €	+8.6%	797,9 k €	+11.7%	714,4 k €	+10.5%	646,5 k €
Cash	276,1 k €	-37.9%	444,6 k €	+24.3%	357,5 k €	+12.0%	319,1 k €	+40.8%	226,7 k €	-36.0%	354,1 k €	+15.1%	307,6 k €	+30.0%	236,7 k €	-10.5%	264,3 k €	+10.0%	240,2 k €	+78.4%	134,6 k €	-10.8%	151 k €	+39.1%	108,5 k €	-39.4%	179 k €	-23.2%	233 k €	+6.7%	218,4 k €	+38.7%	157,4 k €	+42.6%	110,4 k €	+665%	14,4 k €	+500%	2,4 k €
Debts	422,1 k €	-1.3%	427,6 k €	+1.0%	423,6 k €	-3.6%	439,4 k €	+8.2%	406,1 k €	-0.9%	409,9 k €	-12.3%	467,3 k €	-7.0%	502,6 k €	-7.3%	542,4 k €	-16.7%	650,8 k €	+0.7%	646,4 k €	-4.5%	676,9 k €	-7.9%	734,8 k €	+13.9%	645,1 k €	+54.5%	417,7 k €	+2.3%	408,4 k €	+8.7%	375,6 k €	+1.4%	370,5 k €	-2.1%	378,3 k €	+4.4%	362,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

FRAMOS

Director · since 01 janvier 2010 · 0459.953.511

Represented by FRANCOIS DE KERCHOVE D' EXAERDE

Active

Ended mandates

FRAMOS

Manager · since 01 janvier 2010 · 0459.953.511

Represented by FRANCOIS DE KERCHOVE D' EXAERDE

Ended

FRAMOS

Manager · since 01 janvier 2010 · 0459.953.511

Represented by FRANCOIS DE KERCHOVE D' EXAERDE

Ended

FRAMOS

Manager · since 01 janvier 2010 · 0459.953.511

Represented by FRANCOIS DE KERCHOVE D' EXAERDE

Ended

Jean de Brabandere

Manager · until 18 décembre 2006

Ended

At this address

Other companies at this address

Company	CBE no.
FRAMOS● Active	0459.953.511

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	19/06/2026	17/06/2025	27/06/2024	13/07/2023	30/06/2022	16/08/2021
General meeting	28/05/2026	29/05/2025	30/05/2024	25/05/2023	26/05/2022	27/05/2021
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	28/05/2026	19/06/2026	Dutch	PDF
Abridged model	31/12/2024	29/05/2025	17/06/2025	Dutch	PDF
Abridged model	31/12/2023	30/05/2024	27/06/2024	Dutch	PDF
Abridged model	31/12/2022	25/05/2023	13/07/2023	Dutch	PDF
Abridged model	31/12/2021	26/05/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	27/05/2021	16/08/2021	Dutch	PDF
Abridged model	31/12/2019	28/05/2020	13/07/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	24/07/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	12/07/2017	Dutch	PDF
Abridged model	31/12/2015	26/05/2016	27/06/2016	French	PDF
Abridged model	31/12/2014	28/05/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	30/06/2014	French	PDF
Abridged model	31/12/2012	30/05/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	27/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	26/08/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	03/06/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	10/06/2008	French	PDF
Abridged model	31/12/2006	31/05/2007	09/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 5 ended

Active mandates

FRAMOS

Director · since 01 janvier 2010 · 0459.953.511

Represented by FRANCOIS DE KERCHOVE D' EXAERDE

Active

Ended mandates

FRAMOS

Manager · since 01 janvier 2010 · 0459.953.511

Represented by FRANCOIS DE KERCHOVE D' EXAERDE

Ended

FRAMOS

Manager · since 01 janvier 2010 · 0459.953.511

Represented by FRANCOIS DE KERCHOVE D' EXAERDE

Ended

FRAMOS

Manager · since 01 janvier 2010 · 0459.953.511

Represented by FRANCOIS DE KERCHOVE D' EXAERDE

Ended

Jean de Brabandere

Manager · until 18 décembre 2006

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other28/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other04/01/2011
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/03/2010
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates23/01/2007
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202515,1 k €↓
2024
Annual accounts 202467,4 k €↓
2023
Annual accounts 202368 k €↑
2022
Annual accounts 202222,2 k €↑
2021
Annual accounts 2021-4,1 k €↓
2020
Annual accounts 202019,6 k €↓
2019
Annual accounts 201921,1 k €↑
2018
Annual accounts 2018-8 k €↓
2017
Annual accounts 201756,5 k €↑
2016
Annual accounts 20168,3 k €↑
2015
Annual accounts 2015-35,6 k €↓
2014
Annual accounts 2014-240,1 €↑
2013
Annual accounts 2013-36,5 k €↓
2012
Annual accounts 201214,9 k €↑
2011
Annual accounts 201114,2 k €↓
2010
Annual accounts 201031,1 k €↓
2009
Annual accounts 200953,8 k €↓
2008
Annual accounts 200886,5 k €↑
2007
Annual accounts 200747,1 k €↑
2006
Annual accounts 200636,3 k €
22/11/1979
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

MICIV

Overview

What does MICIV 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