Financials
Financial year 2025
MI&S from Zaventem, company number BE0829389590, closed financial year 2025 with a result of € -542,012 after tax. For that financial year MI&S recorded revenue of € 11 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 150,977 to € -542,012. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 15, 2026.
€ 1.6 million
▼ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -542,012
▼ still € 150,977 profit in 2024
Profit after tax over the fiscal year.
€ 545,963
▲ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -540,678.
People and assets in 2025
56.4
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.8 million
▲ 2% vs 2024
€ 103,500 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.
€ 3,788
▼ 69% vs 2024
Of which on lease € 3,788.
Debts at end 2025
€ 3,790
▼ 58% vs 2024
€ 2,085 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.3 million
▲ 123% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 68 days on average.
€ 1.4 million
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,775,530 | € 9,704,071 | € 10,506,805 | € 10,989,250 | ▲ 5% |
| Profit after taxes | € 295,404 | € 370,012 | € 150,977 | € -542,012 | ▼ € 692,989 |
| Equity | € 1,725,091 | € 2,095,103 | € 2,095,103 | € 1,553,091 | ▼ 26% |
| Total debts | € 2,232,696 | € 2,731,818 | € 2,737,391 | € 4,300,067 | ▲ 57% |
| Cash | € 23,917 | € 28,932 | € 457,486 | € 545,963 | ▲ 19% |
| Retained profit | € -1,086,909 | € -716,897 | € 1,334 | € -540,678 | ▼ € 542,012 |
| Dividend | € 0 | € 0 | € 150,977 | € 0 | ▼ 100% |
| Bank debt | € 13,028 | € 11,133 | € 9,007 | € 3,790 | ▼ 58% |
| Balance sheet total | € 3,957,787 | € 4,826,921 | € 4,832,494 | € 5,853,158 | ▲ 21% |
| Employees (FTE) | 53.8 | 58.1 | 57.8 | 56.4 | ▼ 1.4 |
Key figures of MI&S, 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 MI&S?
What happened at MI&S in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Cave Caenem BV stepped down as director. NBB
- J.J. Smit Holding BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 542,012 (▼ € 692,989 vs 2024). Source: NBB ↗
- Cave Caenem BV became a director. NBB
- J.J. Smit Holding BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Zaventem. KBO
In short
From € 295,404 profit in 2022 to € 542,012 loss in 2025.
Paid € 555,956 in corporate taxes since 2022.
Best year ever: 2023, with € 370,012 profit.
Paid out € 150,977 in dividends to the owners in total.
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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
The shares are held by TriFinance Belgium (100%).
Directors
According to the 2025 annual accounts
J.J. Smit Holding BV
Director · represented by Jacobus Johannes SMIT
Also active at: TriFinance Belgium
since 2023 · until 2029
Managing director · represented by Alexander Van Caeneghem
Also active at: TriFinance Belgium
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Excelsiorlaan 4B
1930 Zaventem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0829.389.590
- VAT number
- BE 0829.389.590
- Registered office
- Excelsiorlaan 4B, 1930 Zaventem
- Names & denominations
- MI&S
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 September 2010
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected] 0476602042
- Activities · NACE
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