What Miko does

Miko NV is a vertically integrated Belgian coffee service group, publicly listed on Euronext Brussels (ticker BE0003731453), with roots dating to 1801 and a coffee brand established in 1900. The company deliberately shifted in the 1970s from selling coffee as a mass commodity to providing coffee services for the Out-of-Home (OOH) market — primarily office and catering channels — bundling roasting expertise with equipment placement, telesales, technical service, delivery, and complementary products. This OOH coffee service model is its core product and the primary revenue engine, with a €277.1 million consolidated turnover in 2024 and €35.9 million EBITDA.

Miko generates revenue through a hybrid distribution model combining wholly-owned coffee service subsidiaries in 12 countries (Belgium, France, Netherlands, UK, Germany, Denmark, Norway, Sweden, Poland, Czech Republic, Slovakia and Australia) with exports to approximately 30 additional countries via independent partners. The portfolio includes the Miko Coffee Service core offering, the Puro Fairtrade Coffee sub-brand, and the recently launched Premium Matcha Powder (July 2025) extending into adjacent premium beverages. Notable technical components are limited to traditional roasting and OOH service operations; no proprietary AI/ML, software platform, or developer-facing API is disclosed.

The business model is recurring and service-anchored rather than transactional: customers consume coffee at work or in catering settings, and Miko captures value through bundled equipment-and-consumables service contracts. The company operates a serial bolt-on M&A roll-up strategy (The Office Coffee Company UK 2018, Kaffebryggeriet Norway 2018, Beyers Koffie Belgian OOH 2022, Procon Germany 2023, Capriole Coffee Service 2023, Roast and Ground UK 2026) and divested its non-core plastic packaging division (Miko Pac) to Paccor in 2021 to focus exclusively on coffee. Leadership transitioned in January 2025 when Karl Hermans succeeded Frans van Tilborg as CEO.

Name

Miko

Legal name

Miko NV

Website

https://mikogroup.be

Company type

Public

Founded year

1801

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Miko NV is a vertically integrated Belgian coffee service group listed on Euronext Brussels, providing roasting, equipment, technical service and consumables to office and catering (Out-of-Home) customers across 12 directly-operated countries and approximately 30 export markets.

Ownership category

akta.pro rank

Product category

Office Coffee Service

NAICS

Coffee and Tea Manufacturing (31192)

SIC

Beverages (2080)

akta.pro primary industry

Ready-to-Drink (RTD) Coffee Manufacturing (AFAFADAE)

akta.pro secondary industries

Food Services & Catering (On-site/Corporate Dining/Vending) (IMAIAAAE), RTD Coffee Production (Non-Dairy/Non-Alcoholic) (AFAFABAE)

Keywords

• Office coffee service
• Out-of-home coffee
• Fairtrade coffee sourcing
• Coffee roasting services
• Catering beverage solutions

Headquarters

HQ city

Turnhout

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Coffee Service (Out-of-Home/B2B): Miko generates revenue through coffee service operations for the Out-of-Home market, which includes catering businesses and office coffee. This is a service-based model where significant value is added to coffee by bundling it with telesales, technical service, delivery services, and an extensive range of complementary products. The model focuses on recurring service relationships rather than one-time product sales.
2. Coffee Product Sales: Revenue from sales of roasted coffee products and related beverage ingredients, including the recently launched premium Matcha powder. 2024 turnover was 277.1 million EUR.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels2 records

Core offering

Miko is a vertically integrated B2B coffee service provider that roasts coffee and delivers comprehensive Out-of-Home coffee solutions, including equipment, technical service, delivery, and complementary products, to catering businesses and office environments. Operating under the Miko and Puro Fairtrade brands across 12 directly managed countries and exporting to 30 additional countries, Miko adds value to the kilo of coffee by bundling it with total service offerings rather than competing on commodity volume.

Product overview

Miko is a vertically integrated coffee service company offering a unified portfolio centered on Out-of-Home coffee solutions. The core offering is the Miko Coffee Service, which provides coffee equipment, supplies, and support services for catering and office markets. Complementing the core service is Puro Fairtrade Coffee, a sub-brand focused on ethically sourced Fairtrade-certified products. In 2025, Miko expanded into the broader beverage market with the launch of Premium Matcha Powder, a new product line targeting health-conscious consumers and hospitality operators. The company operates across Belgium, France, Netherlands, UK, Germany, Denmark, Norway, Sweden, Poland, Czech Republic, Slovakia, and Australia, with exports to approximately 30 additional countries.

Differentiator

Problem solved

Functional benefit

Brands

• Puro Fairtrade Coffee: Fairtrade certified coffee brand operated as a subsidiary of Miko Group, featuring products sourced from Ecuadorian rainforest reserves.

Products and services

• Miko Coffee Service Core B2B coffee service offering for the Out-of-Home market, providing coffee solutions for catering and office environments. The service includes telesales, technical service, delivery services, and an extensive range of complementary products around coffee, focused on adding value through total service rather than commodity sales.
• Puro Fairtrade Coffee A Fairtrade-certified coffee brand under the Miko Group, offering ethically sourced coffee products with provenance from Ecuadorian rainforest reserves. The Puro brand represents Miko's commitment to sustainable and fair trade coffee sourcing.
• Premium Matcha Powder A premium-grade Matcha powder launched in July 2025, aimed at health-conscious consumers and positioned as a versatile beverage ingredient for hospitality operators. Available in 200g pouches.

Quantifiable outcome

• Record EBITDA of 35.9 million EUR achieved in 2024
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• KBC Bank NV/SAcoreOthersKBC Bank has been appointed as principal payment agent for the Miko Group, handling dividend payments and financial transactions on behalf of the company.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Pelican Rouge (Lavazza Professional France): Historic French office coffee service operator (formerly Coffee Nation), now part of Lavazza Professional. Direct overlap with Miko's French subsidiary in OOH coffee machines and beans for French offices and HoReCa. Useful for benchmarking European OOH pricing and churn dynamics.
• Massimo Zanetti Beverage Group: Italian vertically integrated coffee company (owns Boncafé, Segafredo, Hills Bros). Operates a significant Foodservice/B2B business across Europe and globally, directly competing with Miko in OOH coffee. Comparable ownership structure (family-controlled, private) and similar vertically integrated roasting + distribution model.
• Koffie F. Rombouts: Belgian family-owned coffee roaster (founded 1934) competing with Miko domestically in Belgium's OOH coffee segment. Highly comparable profile (Belgian heritage roaster serving office/hospitality channels) and direct geographic overlap, making it the closest Belgian-headquartered peer.
• Lavazza Group: Italian family-owned coffee roaster with a major professional/HoReCa arm (Lavazza Professional, formerly Espresso Service). Lavazza competes head-to-head with Miko in European office coffee service and has the FLavia/Klix systems for capsule-based office machines. Highly comparable vertically integrated model with strong sustainability positioning.
• Selecta Group: Pan-European vending and OOH coffee service operator (owned by KKR). Selecta operates self-service coffee and snack machines in offices and public spaces across multiple European markets where Miko also has direct subsidiaries (Germany, UK, Nordics, Benelux), making it one of the closest direct comparables in OOH coffee service.
• Strauss Group: Israeli food and beverage conglomerate with a major coffee division (Strauss Coffee, owns Elite, Taster's Choice, Maxim). Operates B2B coffee service businesses across Central/Eastern Europe and Brazil, with similar vertically integrated roasting and OOH coffee service focus as Miko. Useful international peer given Miko's Polish, Czech and Slovak footprint.

Broad incumbents

• Franke Coffee Systems: Swiss-headquartered manufacturer of professional super-automatic espresso machines (Franke A-Line, S-Line) supplied to offices and HoReCa worldwide. Comparable in that its machines sit on the same office countertops as Miko's installed base, though Franke is upstream (equipment OEM) rather than a roaster/service operator.
• JDE Peet's: JDE Peet's is the world's largest pure-play coffee & tea company (owns Jacobs, Douwe Egberts, Peet's, L'OR). It operates a major Out-of-Home coffee service business in Europe (Jacobs Professional, Douwe Egberts Professional) directly overlapping Miko's office and catering customer base. As a much larger listed peer with deeper R&D and broader distribution, JDE Peet's is the benchmark for European OOH coffee service economics.

Emerging players

• Cafea Group: Privately-held German coffee roasting group (owns Mövenpick of America, Grandos, Expressi capsules) with growing European OOH service focus. Smaller than Miko but similar privately-held, family-influenced ownership and B2B coffee model; useful emerging peer for German and Central European market benchmarking.

Regional players

• Bewley's Tea & Coffee (UK/Ireland): Irish heritage tea and coffee company with a UK/Ireland office coffee service arm. Comparable B2B coffee service model in a geography (Ireland) where Miko does not directly operate, making it a useful regional benchmark for service economics and customer retention in OOH coffee.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Miko