MCI
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 22 filings
Every figure per financial year
The operating result for 2025 is a loss of €2,283, smaller than the loss of €3,145 in 2024.
The turnover shown is an estimate from the gross margin.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,574 | €6,574 | €6,574 | €6,574 | €6,574 | €6,574 | €6,574 | €6,574 | = |
| Other operating charges640/8 | - | - | - | €1,171 | €1,194 | €1,823 | €1,699 | €1,617 | ▼ 4.8% |
| Gross operating margin9900 | €7,055 | €5,018 | €4,873 | €6,323 | €7,666 | €7,158 | €5,128 | €5,908 | ▲ 15.2% |
| Operating profit (loss)9901 | -€630 | -€2,656 | -€2,864 | -€1,422 | -€102 | -€1,239 | -€3,145 | -€2,283 | ▲ 27.4% |
| Financial charges65/66B | - | - | - | €45 | €45 | €45 | €235 | €421 | ▲ 78.9% |
| Recurring financial charges65 | €42 | €43 | €50 | €45 | €45 | €45 | €235 | €421 | ▲ 78.9% |
| Profit (loss) for the period before taxes9903 | -€672 | -€2,699 | -€2,914 | -€1,467 | -€147 | -€1,284 | -€3,380 | -€2,703 | ▲ 20.0% |
| Profit (loss) for the period9904 | -€672 | -€2,699 | -€2,914 | -€1,467 | -€147 | -€1,284 | -€3,380 | -€2,703 | ▲ 20.0% |
| Profit (loss) for the period to be appropriated9905 | -€672 | -€2,699 | -€2,914 | -€1,467 | -€147 | -€1,284 | -€3,380 | -€2,703 | ▲ 20.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €114,191 | €111,492 | €108,579 | €107,112 | €106,965 | €105,681 | €48,673 | €47,791 | ▼ 1.8% |
| Fixed assets21/28 | €87,623 | €81,049 | €74,475 | €67,901 | €61,326 | €54,752 | €48,178 | €41,604 | ▼ 13.6% |
| Tangible fixed assets22/27 | €87,623 | €81,049 | €74,475 | €67,901 | €61,326 | €54,752 | €48,178 | €41,604 | ▼ 13.6% |
| Land and buildings22 | - | - | - | €67,901 | €61,326 | €54,752 | €48,178 | €41,604 | ▼ 13.6% |
| Current assets29/58 | €26,568 | €30,444 | €34,104 | €39,211 | €45,638 | €50,929 | €495 | €6,187 | ▲ 12× |
| Cash at bank and in hand54/58 | €26,568 | €30,444 | €34,104 | €39,211 | €45,638 | €50,929 | €0 | €5,668 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €495 | €519 | ▲ 4.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €114,191 | €111,492 | €108,579 | €107,112 | €106,965 | €105,681 | €48,673 | €47,791 | ▼ 1.8% |
| Equity10/15 | €54,291 | €51,593 | €48,679 | €47,212 | €47,065 | €45,781 | €42,401 | €39,698 | ▼ 6.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€7,709 | -€10,407 | -€13,321 | -€14,788 | -€14,935 | -€16,219 | -€19,599 | -€22,302 | ▼ 13.8% |
| Amounts payable17/49 | €59,899 | €59,899 | €59,899 | €59,899 | €59,899 | €59,899 | €6,272 | €8,093 | ▲ 29.0% |
| Amounts payable within one year42/48 | €59,899 | €59,899 | €59,899 | €59,899 | €59,899 | €59,899 | €6,272 | €8,093 | ▲ 29.0% |
| Trade debts44 | - | - | - | - | - | - | - | €1,058 | - |
| Suppliers440/4 | - | - | - | - | - | - | - | €1,058 | - |
| Other amounts payable47/48 | - | - | - | €59,899 | €59,899 | €59,899 | €6,272 | €7,035 | ▲ 12.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€672 | -€2,699 | -€2,914 | -€1,467 | -€147 | -€1,284 | -€3,380 | -€2,703 | ▲ 20.0% |
| + Depreciation and write-downs630 | €6,574 | €6,574 | €6,574 | €6,574 | €6,574 | €6,574 | €6,574 | €6,574 | = |
| Operating cash flow (approximation) | €5,902 | €3,876 | €3,660 | €5,107 | €6,427 | €5,290 | €3,194 | €3,871 | ▲ 21.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €3,876 | €3,660 | €5,107 | €6,427 | €5,290 | -€50,929 | €5,668 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as MCI has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MCI itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for MCI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 23-06-2026 | 2026-00186330 | |
| 31-12-2024 | abbreviated format | 19-09-2025 | 2025-00495414 | |
| 31-12-2023 | abbreviated format | 04-10-2024 | 2024-00492623 | |
| 31-12-2022 | micro format | 17-05-2023 | 2023-00088847 | |
| 31-12-2021 | micro format | 02-07-2022 | 2022-20121334 | |
| 31-12-2020 | micro format | 28-05-2021 | 2021-15700332 | |
| 31-12-2019 | micro format | 25-06-2020 | 2020-25100440 | |
| 31-12-2018 | micro format | 24-06-2019 | 2019-22100178 | |
| 31-12-2017 | micro format | 05-06-2018 | 2018-16000528 | |
| 31-12-2016 | micro format | 16-05-2017 | 2017-12200551 |