ACTIVE

MICADO

Financial year 2025 · Closed on 31/12/2025

Net result31,1 k €+39,4 %over 1 year

Gross margin34,6 k €+21,0 %over 1 year

Equity-67,7 k €+31,5 %over 1 year

Identity

Source · BCE/KBO

MICADO is a Private limited company incorporated in 1994. Its main activity is: Advertising agencies. Its registered office is in Uccle.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0453.345.930
Incorporation: 08/09/1994
Legal form: Private limited company
Registered office: Avenue de Sumatra 12
1180 Uccle · BruxellesSee on map
Contributed capital: 93 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 74401Other professional, scientific and technical activities 46180Agents specialised in the sale of other particular products 46180Agents specialised in the sale of other particular products

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	34,6 k €	+21.0%	28,6 k €	+930%	-3,4 k €	+76.4%	-14,6 k €	-45.9%	-10 k €
EBITDA	33,6 k €	+28.5%	26,2 k €	+773%	-3,9 k €	+74.5%	-15,2 k €	+46.9%	-28,7 k €
Operating result	33,6 k €	+28.5%	26,2 k €	+773%	-3,9 k €	+74.5%	-15,2 k €	+54.5%	-33,5 k €
Net result	31,1 k €	+39.4%	22,3 k €	+721%	-3,6 k €	+76.8%	-15,5 k €	+54.8%	-34,4 k €
Balance sheet
Equity	-67,7 k €	+31.5%	-98,8 k €	+18.4%	-121,2 k €	-3.1%	-117,6 k €	-15.2%	-102 k €
Total assets	81,2 k €	+76.5%	46 k €	+207%	15 k €	-10.2%	16,7 k €	-38.9%	27,3 k €
Cash	43,1 k €	+32.2%	32,6 k €	+672%	4,2 k €	-13.7%	4,9 k €	+28.5%	3,8 k €
Debts	145,2 k €	+1.6%	143 k €	+5.0%	136,2 k €	+1.4%	134,3 k €	+3.8%	129,4 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period
Arielle Margaux	Directorsince 01/01/2018Manager01/01/2018 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period
Helene Cohen	Director28/09/1994 → 2020 accountsManager28/09/1994 → 2023 accountsMandate2014 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	06/05/2026	12/06/2025	22/10/2024	24/07/2023	01/02/2023	01/02/2023
General meeting	04/05/2026	05/06/2025	27/09/2024	17/07/2023	30/06/2022	20/10/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	04/05/2026	06/05/2026	French	PDF
Micro model	31/12/2024	05/06/2025	12/06/2025	French	PDF
Micro model	31/12/2023	27/09/2024	22/10/2024	French	PDF
Micro model	31/12/2022	17/07/2023	24/07/2023	French	PDF
Micro model	31/12/2021	30/06/2022	01/02/2023	French	PDF
Micro model	31/12/2020	20/10/2021	01/02/2023	French	PDF
Micro model	31/12/2019	15/12/2020	17/12/2020	French	PDF
Micro model	31/12/2018	31/07/2019	31/08/2019	French	PDF
Micro model	31/12/2017	29/06/2018	30/08/2018	French	PDF
Micro model	31/12/2016	29/09/2017	29/09/2017	French	PDF
Abridged model	31/12/2015	28/04/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	23/04/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	24/04/2014	24/06/2014	French	PDF
Abridged model	31/12/2012	25/04/2013	01/07/2013	French	PDF
Abridged model	31/12/2011	26/04/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	28/04/2011	25/07/2011	French	PDF
Abridged model	31/12/2009	22/04/2010	15/07/2010	French	PDF
Abridged model	31/12/2008	23/04/2009	22/07/2009	French	PDF
Abridged model	31/12/2007	24/04/2008	22/07/2008	French	PDF
Abridged model	31/12/2006	27/04/2007	23/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 1 ended

Active mandates

Director	Mandates in this company	Period
Arielle Margaux	Directorsince 01/01/2018Manager01/01/2018 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period
Helene Cohen	Director28/09/1994 → 2020 accountsManager28/09/1994 → 2023 accountsMandate2014 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates29/03/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Registered office30/12/2021
SIEGE SOCIAL
PDF
Registered office25/06/2015
SIEGE SOCIAL
PDF
Registered office10/10/2012
SIEGE SOCIAL
PDF
Registered office11/06/2010
Transfert siège social !
PDF
Registered office10/06/2009
Transfert siège social
PDF
Registered office13/03/2006
‘ CHANGEMENT DE SIEGE SOCIAL
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Arielle MARGAUX

Helene Cohen

199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

MICADO

Avenue de Sumatra 12, 1180 Uccle

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue de Sumatra 12, 1180 UccleCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00103903
Avenue Louise 532/2, 1050 Ixelles	accounts 2020	Accounts 2020 · 2023-00021689

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MICADOCurrent	accounts 2020 → 2025	Accounts 2025 · 2026-00103903

Events

2025
Annual accounts 202531,1 k €↑
2024
Annual accounts 202422,3 k €↑
2023
Annual accounts 2023-3,6 k €↑
2022
Annual accounts 2022-15,5 k €↑
2021
Annual accounts 2021-34,4 k €↓
2020
Annual accounts 2020-16,8 k €↓
2019
Annual accounts 2019176,7 €↓
2018
Annual accounts 201836,4 k €↑
2017
Annual accounts 201717,5 k €↓
2016
Annual accounts 201632,8 k €↑
2015
Annual accounts 20151,1 k €↓
2014
Annual accounts 20148,9 k €↑
2013
Annual accounts 2013-3,7 k €↑
2012
Annual accounts 2012-20,4 k €↑
2011
Annual accounts 2011-66,4 k €↓
2010
Annual accounts 20104,6 k €↓
2009
Annual accounts 200962,5 k €↑
2008
Annual accounts 20083,1 k €↑
2007
Annual accounts 20072,8 k €↑
2006
Annual accounts 2006-95,2 k €
08/09/1994
IncorporationPrivate limited company

MICADO

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline

Registered offices

Company names

Events