ACTIVE

MCI ASSOCIATES

Export PDF

Financial year 2025 · closed on 30/06/2025

Net result

34 k €

-10.5% YoY

Gross margin

153,5 k €

-1.8% YoY

Equity

1,9 M €

+1.8% YoY

What does MCI ASSOCIATES do?

MCI ASSOCIATES is a Private limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Etterbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0827.436.922

Incorporation

29/06/2010

Legal form

Private limited company

Registered office

Boulevard Saint-Michel 45
1040 Etterbeek · BruxellesSee on map

Contributed capital

702 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	153,5 k €	-1.8%	156,3 k €	-7.9%	169,7 k €	-2.1%	173,4 k €	-10.8%	194,3 k €	-14.4%	227,1 k €	-20.2%	284,5 k €	+8.2%	263,1 k €	-9.3%	289,9 k €	+16.0%	249,9 k €	+19.8%	208,6 k €	+83.3%	113,8 k €	+108%	54,7 k €	-5.8%	58,1 k €	+1075%	4,9 k €
EBITDA	147,2 k €	-2.4%	150,9 k €	-5.3%	159,4 k €	-5.4%	168,5 k €	-11.1%	189,5 k €	-14.3%	221,1 k €	-21.3%	280,9 k €	+10.8%	253,5 k €	-11.1%	285,3 k €	+16.1%	245,8 k €	+20.3%	204,3 k €	+88.1%	108,6 k €	+113%	51,1 k €	-8.3%	55,7 k €	+1709%	3,1 k €
Operating result	93,8 k €	-2.5%	96,2 k €	-17.0%	115,9 k €	-0.4%	116,3 k €	+27.7%	91,1 k €	-12.2%	103,8 k €	-36.8%	164,1 k €	+18.8%	138,2 k €	-23.5%	180,6 k €	+28.0%	141,1 k €	+40.4%	100,5 k €	+1176%	7,9 k €	+120%	-39,8 k €	-67.8%	-23,7 k €	+47.7%	-45,3 k €
Net result	34 k €	-10.5%	37,9 k €	-34.5%	57,9 k €	+5.2%	55,1 k €	+59.2%	34,6 k €	-1.5%	35,1 k €	-67.1%	106,8 k €	+44.7%	73,8 k €	-31.9%	108,5 k €	-75.6%	444,6 k €	+216%	140,5 k €	+225%	43,2 k €	+692%	-7,3 k €	-998%	-665 €	-106%	10,7 k €
Balance sheet
Equity	1,9 M €	+1.8%	1,8 M €	+2.1%	1,8 M €	+3.3%	1,7 M €	+3.3%	1,7 M €	+2.1%	1,7 M €	+2.2%	1,6 M €	+7.0%	1,5 M €	+5.1%	1,4 M €	+8.1%	1,3 M €	+50.0%	888,5 k €	+18.8%	748 k €	+6.1%	704,8 k €	-1.0%	712,1 k €	-0.1%	712,7 k €
Total assets	2,5 M €	-1.4%	2,5 M €	-1.6%	2,6 M €	-0.5%	2,6 M €	-0.7%	2,6 M €	-1.8%	2,7 M €	-0.9%	2,7 M €	-0.9%	2,7 M €	-0.3%	2,7 M €	+0.2%	2,7 M €	-1.0%	2,7 M €	-1.3%	2,8 M €	-0.6%	2,8 M €	+1.2%	2,8 M €	+8.1%	2,6 M €
Cash	106 k €	+6.0%	100,1 k €	-66.8%	301 k €	-5.8%	319,6 k €	+1.6%	314,7 k €	+10.5%	285 k €	+14.7%	248,4 k €	+44.7%	171,7 k €	-5.8%	182,4 k €	+176%	66,1 k €	+47.0%	45 k €	+397%	9,1 k €	-1.4%	9,2 k €	-25.3%	12,3 k €	+135%	5,2 k €
Debts	624,8 k €	-9.9%	693,4 k €	-9.6%	767,3 k €	-8.9%	842 k €	-8.2%	917,6 k €	-7.7%	994,5 k €	-6.4%	1,1 M €	-10.7%	1,2 M €	-6.5%	1,3 M €	-7.4%	1,4 M €	-25.6%	1,8 M €	-8.7%	2 M €	-2.8%	2,1 M €	+1.6%	2 M €	+11.2%	1,8 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 7 ended

Active mandates

François Isnard

Director · since 13 octobre 2023

Active

Gabriela Cuper

Director · since 13 octobre 2023

Active

Michael Macbrien

Director · since 13 octobre 2023

Active

Ended mandates

François Isnard

Director · since 29 juin 2010

Ended

François Isnard

Manager · since 29 juin 2010

Ended

Gabriela Cuper

Director · since 29 juin 2010

Ended

Gabriela Cuper

Manager · since 29 juin 2010

Ended

At this address

Other companies at this address

Company	CBE no.
groupe europeen des associations d'experts immobiliers● Active	0459.529.481
MACBRIEN CUPER ISNARD● Active	0452.669.603
MCI SOCIETE CIVILE● Active	0725.468.047
MCI UNIT● Active	0833.196.247
UB-TEAM● Active	0882.448.689

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/12/2025	17/12/2024	04/01/2024	27/12/2022	24/01/2022	08/02/2021
General meeting	04/12/2025	05/12/2024	07/12/2023	01/12/2022	02/12/2021	03/12/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	04/12/2025	05/12/2025	French	PDF
Micro model	30/06/2024	05/12/2024	17/12/2024	French	PDF
Micro model	30/06/2023	07/12/2023	04/01/2024	French	PDF
Micro model	30/06/2022	01/12/2022	27/12/2022	French	PDF
Abridged model	30/06/2021	02/12/2021	24/01/2022	French	PDF
Abridged model	30/06/2020	03/12/2020	08/02/2021	French	PDF
Abridged model	30/06/2019	05/12/2019	14/01/2020	French	PDF
Abridged model	30/06/2018	11/12/2018	29/01/2019	French	PDF
Abridged model	30/06/2017	07/12/2017	14/12/2017	French	PDF
Abridged model	30/06/2016	01/12/2016	11/01/2017	French	PDF
Abridged model	30/06/2015	03/12/2015	23/12/2015	French	PDF
Abridged model	30/06/2014	04/12/2014	15/01/2015	French	PDF
Abridged model	30/06/2013	05/12/2013	27/01/2014	French	PDF
Abridged model	30/06/2012	05/02/2013	18/02/2013	French	PDF
Abridged model	30/06/2011	01/12/2011	13/01/2012	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 7 ended

Active mandates

François Isnard

Director · since 13 octobre 2023

Active

Gabriela Cuper

Director · since 13 octobre 2023

Active

Michael Macbrien

Director · since 13 octobre 2023

Active

Ended mandates

François Isnard

Director · since 29 juin 2010

Ended

François Isnard

Manager · since 29 juin 2010

Ended

Gabriela Cuper

Director · since 29 juin 2010

Ended

Gabriela Cuper

Manager · since 29 juin 2010

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other28/05/2014
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Registered office07/11/2011
SIEGE SOCIAL
PDF
Other12/07/2010
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202534 k €↓
2024
Annual accounts 202437,9 k €↓
2023
Annual accounts 202357,9 k €↑
2022
Annual accounts 202255,1 k €↑
2021
Annual accounts 202134,6 k €↓
2020
Annual accounts 202035,1 k €↓
2019
Annual accounts 2019106,8 k €↑
2018
Annual accounts 201873,8 k €↓
2017
Annual accounts 2017108,5 k €↓
2016
Annual accounts 2016444,6 k €↑
2015
Annual accounts 2015140,5 k €↑
2014
Annual accounts 201443,2 k €↑
2013
Annual accounts 2013-7,3 k €↓
2012
Annual accounts 2012-665 €↓
2011
Annual accounts 201110,7 k €
29/06/2010
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

MCI ASSOCIATES

Overview

What does MCI ASSOCIATES do?

Trend over 15 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