How big is MCI Benelux?

Around 39 full-time equivalents (financial year 2022).

Review: MCI Benelux

MCI Benelux is een eventbureau uit Brussel, actief sinds 2003. Er werken ongeveer 39 mensen, uitgedrukt in voltijdse equivalenten.

1

How this agency makes money

Revenue, margin and what an hour of work brings in. Everything on the earning side sits together here.

Revenue trendgross margin per financial year

20212022

Latest year: € 3,20 mln gross margin, growth -42,1% against a sector median of +32%.

Shrinking

MarginEBITDA / gross margin · value-added coverage

20212022

MCI BeneluxSector median

EBITDA margin 52,5%, sector median 51,1%. Value-added coverage 1,55 (median 1,80).

Healthy margin

Revenue per headGross margin per FTE, against payroll cost

€ 82.214

Median (2022) € 89.392

Against a payroll cost of € 78.423 per FTE. The ratio between the two is the coverage rate above.

Below the median

Yield levelYield per hour worked, against payroll cost

€ 50

Median (2022) € 59

64.390 hours worked, 1.655 per FTE. Against that sits € 47 of payroll cost per hour worked, leaving € 2 for premises, equipment, depreciation and profit.

Below the median

No hourly rate follows from this. Gross margin is already net of services and sundry goods, which mixes rebilled production with the agency's own overhead, and the accounts do not say how many hours were billable. Deriving a rate from this systematically understates it.

2

Can the agency take a hit

Buffer, cash position and payment behaviour side by side, so you can see where they disagree.

Bufferequity in months of payroll

Buffer: 11,2 months (median 12,2 mo). Equity in the latest year: € 2,84 mln.

Adequate buffer

Cash positionAvailable cash, and whether it covers short-term debt

Cash € 1,89 mln. Liquidity ratio 1,15: current assets cover short-term debt in full. Solvency 13,3%.

Tightly covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 26 days of supplier credit, sector median 98. The accounts were filed 171 days after closing; the legal deadline is seven months.

Pays and files on time

3

Signals and strengths

Events from the CBE and the Official Gazette over the past 24 months, plus positive markers derived from the figures.

Continuity

No serious signals

Signals in the last 24 months

Zichtbaarheid verschoven · 1 Nov 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Nov 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Oct 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Oct 2026 · Google Autocomplete
Board change · 17 Jul 2025 · Staatsblad
Appointments or resignations on the board. Routine during growth, succession or a new partner. Ask about it when several changes follow each other closely.
Board change · 2 May 2025 · Staatsblad
Appointments or resignations on the board. Routine during growth, succession or a new partner. Ask about it when several changes follow each other closely.

Click a signal for a plain-language explanation. Each signal is a fact from a public source, without the agency's own context. Best to ask them directly.

What this agency does well

EBITDA margin above the sector median (52,5%)
Strong buffer: 11,2 months of payroll in equity
Team grew (+14,7% FTE in the latest year)
Comfortable cash position: 226 days of payroll
Turnover below the median (28,3%)

Each point is a fact from the filed annual accounts, measured against the same thresholds and sector medians as the signals above.

4

All the figures

Reference material, not a starting point. Expand it if you want to read the series yourself.

2 financial years, 2021 to 2022Result, staff and balance sheet

	2021	2022
Result
Gross margin	€ 5,53 mln	€ 3,20 mln-42,1%
EBITDA	€ 1,33 mln	€ 1,68 mln
EBITDA margin	24%	52,5%
Staff
FTE	33,9	38,9+14,7%
Gross margin per FTE	€ 163.050	€ 82.214
Payroll cost per FTE	€ 73.847	€ 78.423
Balance sheet
Equity	€ 1,95 mln	€ 2,84 mln
Cash	€ 2,38 mln	€ 1,89 mln
Liquidity ratio	1,17	1,15

Payroll cost per FTE comes from the social report where available, otherwise from the Remuneration line. Both are gross costs including employer contributions.

What this factsheet does not know

How good the work is. Figures do not measure creativity, strategy or chemistry.
How the client portfolio is spread. Concentration is not in the accounts.
Freelancers and subcontractors are not in the FTE figures. An agency with 40 staff may in practice run with 70 people.
The figures cover financial year 2022, filed on 20/06/2023. At a fast-moving agency reality today may differ.

Based on publicly filed annual accounts (NBB) and official records (CBE, Belgian Official Gazette). An indication, not financial advice. Sector medians calculated on 2 Nov 2026. Sector medians based on financial year 2022: the last year for which nearly all accounts have been filed.

Coming soon

We're working on this part of the factsheet.

Coming soon

We're working on this part of the factsheet.

1

People 12 people mapped

The titles skew top-heavy: lots of seniority, few juniors — you're mostly buying experience. A wide leadership layer: 8 of 12 steer.

CC

Cathie Cusin

Global VP Meetings & Events

IR

Idoia Rodés Torróntegui

Group President People & Culture | Belgium | logos & insidery

JS

Jurriaen Sleijster

President & Chief Operating Officer

NW

Nikki Walker

Global VP Associations

RT

Richard Torriani

Chief Operating Officer, Americas

RL

Robin Lokerman

Group President

ST

Sebastien Tondeur

Chief Executive Officer

TG

Tom Gibson

Chief Executive Officer, USA

ED

Edouard Duverger

Chief Information Officer

OG

Olivier Giauque

Chief Financial Officer

OC

Oscar Cerezales

Chief Strategy Officer

SA

Sylvia Andre

Chief Marketing Officer and Chief Creativity Officer

Based on public profiles. Something wrong? Let us know.

2

Seniors or juniors?

Payroll cost per FTE is the best public proxy for a team's experience level. Higher is not automatically better, but it says something about who sits at the table.

Payroll cost per FTE

€ 78.423

+50% versus the median

Team composition

38,9 FTE

88% women
12% men

Training per FTE

15,6 h

Many agencies fill this field in incompletely.

€ 78.423

Median Eventbureau (2022) € 52.291All agencies (2022) € 52.722

Read with care. Directors and partners invoicing through a management company are not in the payroll cost. At small agencies this skews the picture downwards considerably.

3

Will your team stay?

Inflow and outflow from the social report. This series only counts people on the payroll: freelancers who invoice do not appear in it. A low figure therefore means two very different things, a stable permanent team or a small core with heavy outsourcing. A high figure usually points to short contracts. Compare only within the same type of agency.

Exits 2022

28,3%

Median for this type of agency (2022): 51,4%

Inflow 2022

51,4%

20,0 FTE in, 11,0 FTE out

Net team change

+9,0 FTE

20212022

Source: annual accounts and social reports (NBB), collected by IKAg. Financial year 2022. Calculations by IKAg; an indication, not financial advice. Sector medians based on financial year 2022: the last year for which nearly all accounts have been filed.