ACTIVE

MC.C.I.

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Financial year 2025 · closed on 31/12/2025

Net result

15,8 k €

-15.7% YoY

Gross margin

44,7 k €

-7.3% YoY

Equity

222,6 k €

+7.7% YoY

What does MC.C.I. do?

MC.C.I. is a Public limited company incorporated in 2004. Its registered office is in Seraing.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.843.506

Incorporation

21/01/2004

Legal form

Public limited company

Registered office

Rue Biefnot 5
4100 Seraing · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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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	44,7 k €	-7.3%	48,2 k €	+0.4%	48 k €	-0.4%	48,2 k €	-2.5%	49,4 k €	+10.6%	44,7 k €	+5.6%	42,3 k €	+28.8%	32,9 k €	-6.4%	35,1 k €	+1.6%	34,5 k €	+50.7%	22,9 k €	+0.7%	22,8 k €	-41.8%	39,1 k €	+62.7%	24 k €	+1.9%	23,6 k €	+6.4%	22,2 k €	+22.9%	18 k €	-14.6%	21,1 k €	+76.8%	11,9 k €	-36.6%	18,8 k €
EBITDA	38,9 k €	-8.7%	42,6 k €	-0.0%	42,6 k €	-1.6%	43,3 k €	-3.0%	44,6 k €	+11.8%	39,9 k €	+6.2%	37,6 k €	+1.0%	37,2 k €	+57.5%	23,6 k €	-21.2%	30 k €	+9.1%	27,5 k €	+33.7%	20,6 k €	-4.6%	21,6 k €	+9.5%	19,7 k €	+1.6%	19,4 k €	+8.3%	17,9 k €	+28.7%	13,9 k €	-10.8%	15,6 k €	+242%	4,6 k €	-73.8%	17,4 k €
Operating result	30,4 k €	-10.9%	34,2 k €	-0.0%	34,2 k €	-2.0%	34,9 k €	-3.8%	36,2 k €	+14.9%	31,5 k €	+7.9%	29,2 k €	+1.3%	28,8 k €	+89.2%	15,2 k €	-27.5%	21 k €	+13.5%	18,5 k €	+59.9%	11,6 k €	-7.9%	12,6 k €	+17.4%	10,7 k €	+3.0%	10,4 k €	+16.7%	8,9 k €	+81.1%	4,9 k €	-22.2%	6,3 k €	+178%	-8,1 k €	-223%	6,6 k €
Net result	15,8 k €	-15.7%	18,8 k €	-5.4%	19,8 k €	-5.5%	21 k €	-21.0%	26,6 k €	+10.6%	24 k €	+71.9%	14 k €	-34.8%	21,5 k €	+240%	6,3 k €	-40.3%	10,6 k €	+186%	3,7 k €	-47.4%	7 k €	+1.7%	6,9 k €	+114%	-48,8 k €	-2145%	2,4 k €	+1025%	-258 €	+95.1%	-5,3 k €	-45.6%	-3,7 k €	-110%	38,1 k €	+1262%	-3,3 k €
Balance sheet
Equity	222,6 k €	+7.7%	206,8 k €	+10.0%	188 k €	+11.8%	168,1 k €	+14.3%	147,2 k €	+22.1%	120,6 k €	+24.9%	96,5 k €	+4.3%	92,5 k €	+30.2%	71,1 k €	+9.7%	64,8 k €	+19.5%	54,2 k €	+7.3%	50,5 k €	+16.1%	43,5 k €	+18.8%	36,6 k €	-57.1%	85,4 k €	+2.9%	83 k €	-0.3%	83,3 k €	-6.0%	88,6 k €	-4.0%	92,2 k €	+70.3%	54,2 k €
Total assets	331,4 k €	+15.3%	287,4 k €	+14.6%	250,7 k €	+3.4%	242,5 k €	+8.6%	223,3 k €	+13.1%	197,4 k €	+10.3%	179 k €	+24.9%	143,3 k €	+13.7%	126 k €	+0.7%	125,1 k €	-0.8%	126,1 k €	-1.5%	128 k €	-12.2%	145,8 k €	-0.9%	147,1 k €	-38.6%	239,7 k €	-33.0%	357,9 k €	-5.4%	378,2 k €	-6.4%	404,2 k €	-4.2%	421,7 k €	+79.1%	235,5 k €
Cash	288,4 k €	+17.8%	244,9 k €	+22.5%	199,9 k €	+11.2%	179,8 k €	+18.6%	151,5 k €	+24.3%	121,9 k €	+29.6%	94 k €	+84.5%	51 k €	+111%	24,2 k €	+51.6%	16 k €	+99.0%	8 k €	+795%	896 €	-90.7%	9,7 k €	+397%	1,9 k €	-85.3%	13,3 k €	+38.3%	9,6 k €	-41.8%	16,5 k €	-56.5%	38 k €	-17.2%	45,8 k €	+14363%	317 €
Debts	108,8 k €	+35.0%	80,6 k €	+28.5%	62,7 k €	-15.7%	74,4 k €	-2.3%	76,1 k €	-0.9%	76,8 k €	-6.9%	82,5 k €	+62.6%	50,7 k €	+10.5%	45,9 k €	-21.1%	58,2 k €	-16.8%	69,9 k €	+5.2%	66,5 k €	-25.4%	89,1 k €	-19.4%	110,5 k €	-28.2%	154 k €	-43.9%	274,5 k €	-6.6%	293,9 k €	-6.6%	314,8 k €	-4.2%	328,6 k €	+83.1%	179,5 k €

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 31/12/2025 · 3 active · 18 ended

Active mandates

Alexandra GALLI

Director

Active

Giuseppe INCARDONA

Mandate

Active

Sébastien INCARDONA

Managing director

Active

Ended mandates

Giuseppe INCARDONA

Managing director · since 01 janvier 2013

Ended

INCARDONA INVEST

Director · since 01 janvier 2013 · 0426.050.031

Ended

Sébastien INCARDONA

Director · since 01 janvier 2013

Ended

Brigitte MUSEYCK

Director · since 30 juin 2010 · until 31 décembre 2012

Ended

At this address

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MACULAN REAL ESTATE● Active	0768.876.735
S.P. RACING● Active	0460.415.745

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	24/08/2026	27/08/2025	27/08/2024	31/08/2023	30/08/2022	31/08/2021
General meeting	11/05/2026	12/05/2025	13/05/2024	08/05/2023	09/05/2022	10/05/2021
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
Micro model	31/12/2025	11/05/2026	24/08/2026	French	PDF
Micro model	31/12/2024	12/05/2025	27/08/2025	French	PDF
Micro model	31/12/2023	13/05/2024	27/08/2024	French	PDF
Micro model	31/12/2022	08/05/2023	31/08/2023	French	PDF
Micro model	31/12/2021	09/05/2022	30/08/2022	French	PDF
Micro model	31/12/2020	10/05/2021	31/08/2021	French	PDF
Micro model	31/12/2019	11/05/2020	19/10/2020	French	PDF
Micro model	31/12/2018	13/05/2019	30/08/2019	French	PDF
Micro model	31/12/2017	14/05/2018	28/09/2018	French	PDF
Micro model	31/12/2016	08/05/2017	27/09/2017	French	PDF
Abridged model	31/12/2015	09/05/2016	27/09/2016	French	PDF
Abridged model	31/12/2014	11/05/2015	21/08/2015	French	PDF
Abridged model	31/12/2013	12/05/2014	30/08/2014	French	PDF
Abridged model	31/12/2012	13/05/2013	30/09/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	20/09/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	01/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	29/09/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	24/09/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	12/08/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	27/06/2007	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 31/12/2025 · 3 active · 18 ended

Active mandates

Alexandra GALLI

Director

Active

Giuseppe INCARDONA

Mandate

Active

Sébastien INCARDONA

Managing director

Active

Ended mandates

Giuseppe INCARDONA

Managing director · since 01 janvier 2013

Ended

INCARDONA INVEST

Director · since 01 janvier 2013 · 0426.050.031

Ended

Sébastien INCARDONA

Director · since 01 janvier 2013

Ended

Brigitte MUSEYCK

Director · since 30 juin 2010 · until 31 décembre 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other08/05/2026
ADOPTION DE NOUVEAUX STATUTS EN CONCORDANCE AVEC LE CSA — |
PDF
Mandates28/02/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates05/03/2013
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates02/12/2010
DEMISSIONS, NOMINATIONS
PDF
Other29/01/2004
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 202515,8 k €↓
2024
Annual accounts 202418,8 k €↓
2023
Annual accounts 202319,8 k €↓
2022
Annual accounts 202221 k €↓
2021
Annual accounts 202126,6 k €↑
2020
Annual accounts 202024 k €↑
2019
Annual accounts 201914 k €↓
2018
Annual accounts 201821,5 k €↑
2017
Annual accounts 20176,3 k €↓
2016
Annual accounts 201610,6 k €↑
2015
Annual accounts 20153,7 k €↓
2014
Annual accounts 20147 k €↑
2013
Annual accounts 20136,9 k €↑
2012
Annual accounts 2012-48,8 k €↓
2011
Annual accounts 20112,4 k €↑
2010
Annual accounts 2010-258 €↑
2009
Annual accounts 2009-5,3 k €↓
2008
Annual accounts 2008-3,7 k €↓
2007
Annual accounts 200738,1 k €↑
2006
Annual accounts 2006-3,3 k €
21/01/2004
IncorporationPublic 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

MC.C.I.

Overview

What does MC.C.I. 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