ACTIVE

MI-CI

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Financial year 2025 · closed on 31/12/2025

Net result

21,2 k €

+451.7% YoY

Gross margin

37,8 k €

+119.9% YoY

Equity

96,2 k €

+3.5% YoY

What does MI-CI do?

MI-CI is a Private limited company incorporated in 2012. Its registered office is in Woluwe-Saint-Lambert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0845.007.283

Incorporation

04/04/2012

Legal form

Private limited company

Registered office

Chée de Roodebeek 206
1200 Woluwe-Saint-Lambert · BruxellesSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	37,8 k €	+120%	17,2 k €	+3287%	-540 €	-102%	32,7 k €	-73.6%	123,8 k €	+92.3%	64,4 k €	+44.9%	44,5 k €	+20.3%	36,9 k €	+13.3%	32,6 k €	+71.8%	19 k €	-9.4%	20,9 k €	+34.5%	15,6 k €	-14.1%	18,1 k €	+81.4%	10 k €
EBITDA	36,5 k €	+126%	16,2 k €	+704%	-2,7 k €	-109%	31,3 k €	-74.4%	122,6 k €	+95.4%	62,7 k €	+44.6%	43,4 k €	+20.7%	35,9 k €	+14.0%	31,5 k €	+72.5%	18,3 k €	+10.2%	16,6 k €	+19.9%	13,8 k €	-21.9%	17,7 k €	+85.8%	9,5 k €
Operating result	34,3 k €	+288%	8,8 k €	+175%	-11,8 k €	-195%	12,4 k €	-87.6%	100,2 k €	+177%	36,1 k €	+127%	15,9 k €	+30.9%	12,2 k €	-15.8%	14,5 k €	+157%	5,6 k €	-39.3%	9,3 k €	+48.8%	6,2 k €	-54.5%	13,7 k €	+54.6%	8,9 k €
Net result	21,2 k €	+452%	3,8 k €	+125%	-15,5 k €	-193%	16,6 k €	-78.4%	76,8 k €	+180%	27,4 k €	+174%	10 k €	+36.3%	7,3 k €	-25.1%	9,8 k €	+180%	3,5 k €	-43.0%	6,1 k €	+42.4%	4,3 k €	-56.4%	9,9 k €	+48.9%	6,6 k €
Balance sheet
Equity	96,2 k €	+3.5%	93 k €	+4.3%	89,1 k €	-14.8%	104,6 k €	-5.8%	111 k €	+224%	34,2 k €	-46.3%	63,8 k €	+18.6%	53,8 k €	+15.8%	46,5 k €	+26.7%	36,7 k €	+10.5%	33,2 k €	+22.7%	27 k €	+19.0%	22,7 k €	+77.0%	12,8 k €
Total assets	137,9 k €	+32.4%	104,1 k €	-13.7%	120,6 k €	-32.5%	178,6 k €	+7.3%	166,5 k €	+10.9%	150,1 k €	+24.7%	120,4 k €	-1.8%	122,6 k €	-5.0%	129 k €	+106%	62,7 k €	-33.1%	93,8 k €	+73.7%	54 k €	+27.6%	42,3 k €	+2.1%	41,4 k €
Cash	61,2 k €	+4.1%	58,8 k €	-10.5%	65,7 k €	-29.7%	93,4 k €	-33.8%	141,2 k €	+101%	70,1 k €	+51.0%	46,4 k €	+192%	15,9 k €	-67.0%	48,1 k €	+345%	10,8 k €	-68.3%	34,1 k €	+31.9%	25,9 k €	+105%	12,6 k €	+1.0%	12,5 k €
Debts	41,7 k €	+273%	11,2 k €	-64.5%	31,5 k €	-57.4%	74 k €	+33.4%	55,5 k €	-31.9%	81,4 k €	+43.9%	56,6 k €	-17.8%	68,8 k €	-16.7%	82,5 k €	+217%	26 k €	+179%	9,3 k €	-65.4%	26,9 k €	+37.6%	19,6 k €	-31.5%	28,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

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

Active mandates

Miroslaw Boratynski

Director

Active

Ended mandates

Miroslaw Boratynski

Manager

Ended

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Annual accounts

Full financial information

	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	23/07/2026	31/07/2025	29/07/2024	03/08/2023	26/07/2022	22/06/2021
General meeting	26/06/2026	30/06/2025	29/06/2024	30/06/2023	30/06/2022	18/06/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	23/07/2026	French	PDF
Micro model	31/12/2024	30/06/2025	31/07/2025	French	PDF
Micro model	31/12/2023	29/06/2024	29/07/2024	French	PDF
Micro model	31/12/2022	30/06/2023	03/08/2023	French	PDF
Micro model	31/12/2021	30/06/2022	26/07/2022	French	PDF
Micro model	31/12/2020	18/06/2021	22/06/2021	French	PDF
Micro model	31/12/2019	28/08/2020	22/09/2020	French	PDF
Micro model	31/12/2018	28/06/2019	24/07/2019	French	PDF
Micro model	31/12/2017	30/06/2018	30/07/2018	French	PDF
Micro model	31/12/2016	30/06/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	24/06/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	29/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	30/07/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	08/08/2013	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2025 · 1 active · 1 ended

Active mandates

Miroslaw Boratynski

Director

Active

Ended mandates

Miroslaw Boratynski

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office27/02/2026
SIEGE SOCIAL
PDF
Registered office13/06/2025
SIEGE SOCIAL
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 202521,2 k €↑
2024
Annual accounts 20243,8 k €↑
2023
Annual accounts 2023-15,5 k €↓
2022
Annual accounts 202216,6 k €↓
2021
Annual accounts 202176,8 k €↑
2020
Annual accounts 202027,4 k €↑
2019
Annual accounts 201910 k €↑
2018
Annual accounts 20187,3 k €↓
2017
Annual accounts 20179,8 k €↑
2016
Annual accounts 20163,5 k €↓
2015
Annual accounts 20156,1 k €↑
2014
Annual accounts 20144,3 k €↓
2013
Annual accounts 20139,9 k €↑
2012
Annual accounts 20126,6 k €
04/04/2012
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

MI-CI

Overview

What does MI-CI do?

Trend over 14 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