Equity
€19,345 from €110,397 in 2022
Equity fell by 82% in 3 years.
m.n.do
Lifetime
9 annual accounts with figures on one time axispeak €221,076 (2023)
€93,033▲ 46.8%
lowest -€1,121 (2019)
€45,911▲ 81.8%
peak €110,397 (2022)
€19,345unchanged
€335,547▼ 4.7%
Board2 names since 2021
2 directorsAelterman Nathalie and 1 other
Documentsfilings and deeds
23-12-202539 days before the deadline
2025micro format
Gross margin from €63,360 to €93,033Result from €25,253 to €45,911Reappointments: Taelman Kevin (director) and Aelterman Nathal… 13-03Dividend €45,911Cash from €15,967 to €27,853
Key points
from the 2025 annual accountsChecked score
91
Excellent
Financially stronger than 31% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.2%▲ +0.1 percentage points vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025highest value
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €19,345 (5.5% of total assets)
lowers risk
Size: total assets €354,892
Sector: Activities of head offices; management consultancy activities (NACE 70)
Founded in 2015
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 14% of them on solvency, 19% on liquidity, 53% on profitability and 40% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,325 companies had the same profile as m.n.do has now. Each dot stands for 4 companies, two years later.
95.2%
were still trading
3.2%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of m.n.do itself is lower: 0.1% within 12 months. It rests on far more data about m.n.do than the profile alone.
Test of the method
The method was tested on the 497,447 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 1,325 companies, not a prediction for m.n.do. 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.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.43 (0.54 in 2024), below 1. Short-term debt is 44% and cash 7.8% of total assets. 94.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 39368 sector peers (2025).
NBB · sector comparisonPosition among 39368 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-12-2025, 39 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
39 days early
2024
42 days early
2023
29 days early
2022
on the day
2021
125 days early
2020
2 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 23 December (4 of the last 5 accounts filed within 39 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0641875130
Reappointments: Taelman Kevin (director) and Aelterman Nathalie (director)
General meeting of 04-03-2025 · Gazette deed
Appointment: Nathalie Aelterman (director)
General meeting of 05-01-2022 · Gazette deed
First establishment
m.n.do., Kloosterstraat 63, Aalter
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| m.n.do Aalter | €354,892 | €93,033 | 5.5% | - |
| Consult to Construct Aalter | €358,069 | €89,336 | 79.2% | - |
| HVcon Nazareth-De Pinte | €324,620 | €95,478 | 0.6% | - |
| Tim Bontinck Dendermonde | €378,032 | €87,057 | 46.4% | - |
| IANIS Laarne | €382,927 | €85,933 | 92.3% | - |
| MERCATURA CONSULTING Deinze | €348,201 | €96,502 | 98.3% | - |
| EECKHAOUDT IP Evergem | €395,016 | €90,735 | 58.9% | - |
These companies have the same main activity as m.n.do: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €325,000 and €395,000, founded between 2014 and 2016.
Official details
Source: KBO- Status
- Active since 01-10-2015Normal situation
- Activity
- Business and other management consultancyNACE 70200and 5 others
- Establishment unit
- 2.247.253.6369910 Aalter, since 26-10-2015
- Financial year end
- 30 June
- Peppol
- Reachable since 13-04-2025
Annual accounts to 30-06-2025
- ≈ €190,000estimated
- €354,892▼ 4.4%
- Filing
- Filed on 23-12-2025, 39 days before the end of the filing period
Insights on m.n.do
m.n.do files the micro format. That format states no turnover. The gross margin rose from €84,626 in 2017 to €93,033 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about m.n.do
- What is the company number of m.n.do?
- The company number of m.n.do is 0641.875.130. The VAT number is the same number with BE in front: BE 0641.875.130.
- Where is m.n.do based?
- The registered office is at Kloosterstraat 63, 9910 Aalter.Company details
- What does m.n.do do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of m.n.do?
- m.n.do is a private limited company (BV).
- When was m.n.do founded?
- m.n.do was founded on 01-10-2015.
- Is m.n.do still active?
- Yes, m.n.do is an active enterprise in the KBO register.
- What is the turnover of m.n.do?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €93,033 and 120 comparable companies (NACE 70200). It probably lies between €140,000 and €240,000.Financials
- Is m.n.do profitable?
- In financial year 2025, m.n.do made a profit of €45,911.
- Where can I find the annual accounts of m.n.do?
- m.n.do filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of m.n.do due?
- m.n.do must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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