Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 14.8 to 11.3.
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Figures corrected NBB
Corrected annual account filed for 2023.
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Busy address KBO
39 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
N.C.I. from Brussel, company number BE0438476127, closed financial year 2025 with a result of € 42,912 after tax. For that financial year N.C.I. recorded a gross margin of € 943,068 and equity of € 665,287. Compared with financial year 2024, the result moved from € 300,385 to € 42,912. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 665,287
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 42,912
▼ 86% vs 2024
Profit after tax over the fiscal year.
€ 1.5 million
▼ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 65,287.
People and assets in 2025
11.3
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 760,815
▼ 8% vs 2024
€ 67,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 121,934
▲ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.8 million
▲ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 119,001
▼ 44% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,161,579 | € 1,378,616 | € 1,334,990 | € 943,068 | ▼ 29% |
| Profit after taxes | € 28,001 | € 119,918 | € 300,385 | € 42,912 | ▼ 86% |
| Equity | € 199,140 | € 321,990 | € 622,375 | € 665,287 | ▲ 7% |
| Total debts | € 3,511,682 | € 3,211,117 | € 3,858,563 | € 3,969,330 | ▲ 3% |
| Cash | € 909,971 | € 923,480 | € 1,614,260 | € 1,461,260 | ▼ 9% |
| Retained profit | € -400,860 | € -278,010 | € 22,375 | € 65,287 | ▲ 192% |
| Bank debt | € 44,345 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 3,710,822 | € 3,533,106 | € 4,480,938 | € 4,634,617 | ▲ 3% |
| Employees (FTE) | 14.5 | 14.8 | 12.5 | 11.3 | ▼ 1.2 |
Key figures of N.C.I., fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to N.C.I.?
What happened at N.C.I. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MWPI stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 42,912 (▼ 86% vs 2024). Source: NBB ↗
- MWPI became a director. NBB
- New establishment in Elsene. KBO
- New establishment in Brussel. KBO
- New establishment in Antwerpen. KBO
- New establishment in Wavre. KBO
- New establishment in Brussel. KBO
In short
From € 28,001 profit in 2022 to € 42,912 profit in 2025.
Paid € 116,045 in corporate taxes since 2022.
Best year ever: 2024, with € 300,385 profit.
On average € 83,500 of value added per employee in 2025.
A new publication or filing at N.C.I.? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Director · represented by Jérôme ZATTI
since 2024 · until 2030
Shareholders
Multiburo S. Etr.
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 143 box 4
1050 Brussel
de Meeûssquare 38-40
1000 Brussel
Active since 7 April 1999
Avenue Pasteur 6H
1300 Wavre
Active since 29 January 2000
De Keyserlei 60c box 1301
2018 Antwerpen
Active since 1 November 2015
Joseph Stevensstraat 7
1000 Brussel
Active since 1 September 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 39 companies are registered at this address.
All companies at this address →Socobom
€ 123,176 gross margin · 2025
Comptoir Bogaerts
GEVELE
€ 3.7 million revenue · 2025
ELARMEC
€ 392,913 gross margin · 2025
AUSI A ET P
€ 6,839 gross margin · 2025
+34 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.476.127
- VAT number
- BE 0438.476.127
- Registered office
- Louizalaan 143 bus 4, 1050 Brussel
- Names & denominations
- N.C.I.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 September 1989
- Peppol
- Active · Active since 13 Jan 2026
- Activities · NACE
Overige zakelijke dienstverlening, neg
Bedrijvencentra
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Overige fiscale dienstverlening
Activiteiten van reclamebureaus
Secretariaten
Boekhouders
+4