ACTIVE

N.C.I.

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Financial year 2025 · Closed on 31/12/2025

Net result42,9 k €-85,7 %over 1 year
Gross margin943,1 k €-29,4 %over 1 year
Equity665,3 k €+6,9 %over 1 year
Workforce11,3 ETP-9,6 %over 1 year

Identity

Source · BCE/KBO

N.C.I. is a Public limited company incorporated in 1989. Its registered office is in Bruxelles. It employs on average 11,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0438.476.127
Incorporation
29/09/1989
Legal form
Public limited company
Registered office
Avenue Louise 143 box 4
1050 Bruxelles · BruxellesSee on map
Contributed capital
600 000,00 €
Latest accounts
31/12/2025
Average workforce
11,3 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 23 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin943,1 k €1,3 M €1,4 M €1,2 M €901,5 k €
EBITDA180,6 k €507,5 k €453,5 k €324 k €103,3 k €
Operating result51 k €347,5 k €136,1 k €7,4 k €-241,2 k €
Net result42,9 k €300,4 k €119,9 k €28 k €-258,7 k €
Balance sheet
Equity665,3 k €622,4 k €322 k €199,1 k €171,1 k €
Total assets4,6 M €4,5 M €3,5 M €3,7 M €3,6 M €
Cash1,5 M €1,6 M €923,5 k €910 k €574,9 k €
Debts3 M €2,6 M €1,9 M €2,2 M €2,2 M €
Other
Workforce11,3 ETP12,5 ETP14,8 ETP14,5 ETP14,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 30 ended

Active mandates

MWPI

Director · since 03 juin 2024 · until 02 juin 2030

Represented by Jérôme ZATTI

Active

Ended mandates

Christine LAGRIFFOUL

Director · since 12 juillet 2022 · until 17 mai 2028

Ended
POSTE IMMO S. Etr.

Director · since 12 juillet 2022 · until 17 mai 2028

Represented by Remi FEREDJ

Ended
Jérémy BILLON

Chairman of the board of directors · since 19 mai 2021 · until 17 mai 2023

Ended
MULTIBURO S. Etr.

Director · since 19 mai 2021 · until 17 mai 2023

Represented by Valérie GUEULLE

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/07/202601/07/202529/11/202415/06/202309/06/202228/06/2021
General meeting20/05/202630/06/202530/06/202417/05/202318/05/202219/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 23 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202520/05/202608/07/2026FrenchPDF
Abridged model31/12/202430/06/202501/07/2025FrenchPDF
Abridged modelCorrection31/12/202330/06/202429/11/2024FrenchPDF
Abridged model31/12/202330/06/202401/07/2024FrenchPDF
Abridged model31/12/202217/05/202315/06/2023FrenchPDF
Abridged model31/12/202118/05/202209/06/2022FrenchPDF
Abridged model31/12/202019/05/202128/06/2021FrenchPDF
Abridged model31/12/201920/05/202022/06/2020FrenchPDF
Abridged model31/12/201817/05/201906/06/2019FrenchPDF
Abridged model31/12/201716/05/201818/06/2018FrenchPDF
Abridged model31/12/201617/05/201721/06/2017FrenchPDF
Full model31/12/201518/05/201613/06/2016FrenchPDF
Full model31/12/201420/05/201529/06/2015FrenchPDF
Full modelCorrection31/12/201327/06/201422/07/2014FrenchPDF
Full model31/12/201327/06/201410/07/2014FrenchPDF
Full model31/12/201206/06/201331/07/2013FrenchPDF
Full model31/12/201106/06/201220/07/2012FrenchPDF
Full model31/12/201018/05/201101/08/2011FrenchPDF
Full model31/12/200916/06/201016/07/2010FrenchPDF
Full model31/12/200817/06/200926/06/2009FrenchPDF
Full model31/12/200718/06/200827/06/2008FrenchPDF
Full modelCorrection31/12/200620/06/200723/08/2007FrenchPDF
Full model31/12/200620/06/200725/06/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 30 ended

Active mandates

MWPI

Director · since 03 juin 2024 · until 02 juin 2030

Represented by Jérôme ZATTI

Active

Ended mandates

Christine LAGRIFFOUL

Director · since 12 juillet 2022 · until 17 mai 2028

Ended
POSTE IMMO S. Etr.

Director · since 12 juillet 2022 · until 17 mai 2028

Represented by Remi FEREDJ

Ended
Jérémy BILLON

Chairman of the board of directors · since 19 mai 2021 · until 17 mai 2023

Ended
MULTIBURO S. Etr.

Director · since 19 mai 2021 · until 17 mai 2023

Represented by Valérie GUEULLE

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates05/08/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/04/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/11/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/03/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/10/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/08/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/03/2022
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202542,9 k €↓
  2. 2024
    Annual accounts 2024300,4 k €↑
  3. 2023
    Annual accounts 2023119,9 k €↑
  4. 2022
    Annual accounts 202228 k €↑
  5. 2021
    Annual accounts 2021-258,7 k €↓
  6. 2020
    Annual accounts 2020-26,3 k €↑
  7. 2019
    Annual accounts 2019-220,9 k €↓
  8. 2018
    Annual accounts 2018293,4 k €↓
  9. 2017
    Annual accounts 2017574 k €↓
  10. 2016
    Annual accounts 2016574,3 k €↑
  11. 2015
    Annual accounts 2015546,4 k €↓
  12. 2014
    Annual accounts 2014620,1 k €↓
  13. 2013
    Annual accounts 2013965 k €↑
  14. 2012
    Annual accounts 2012935,7 k €↑
  15. 2011
    Annual accounts 2011557,9 k €↑
  16. 2010
    Annual accounts 2010-1,7 M €↓
  17. 2009
    Annual accounts 2009358 k €↓
  18. 2008
    Annual accounts 2008540,9 k €↓
  19. 2007
    Annual accounts 2007818,7 k €↑
  20. 2006
    Annual accounts 200650,4 k €
  21. 29/09/1989
    IncorporationPublic limited company