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MN Consultancy

Active
Private limited companyfounded 20215 yrs activeNieuwe Baan 5, 9111 Sint-Niklaas, BelgiumKBO/BCE: BE 0770.393.596
Summary

MN Consultancy has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,694 and a net result of €5,099. Equity is growing by ~36.8% per year across the filed fiscal years. Its solvency ranks better than 66% of 8782 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability38▼-62
Solvency95▲+2
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.73 against 2.15 in 2024; short-term debt: 30% and cash: 0.5% of total assets), and 30% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
70%
Return on assets
4.8%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
2 d late
2024
3 d late
2023
1 d early
2022
4 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average on the deadline day; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 1 February (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MN Consultancy was incorporated on 28 June 2021 as a Private limited company.1 Total assets rose from EUR 39,510 in 2022 to EUR 106,761 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€74,694▲ 7.3%
2024 · €69,595
Total assets
€106,761▲ 3.9%
2024 · €102,733
Net result
€5,099▼ 85.1%
2024 · €34,168
Working capital
€55,592▲ 46.4%
2024 · €37,970
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result€19,590-€27,287▲ 39.3%€57,136▲ 109%€18,211▼ 68.1%
Net result€14,915within the sector's middle half-€20,413within the sector's middle half▲ 36.9%€34,168within the sector's middle half▲ 67.4%€5,099within the sector's middle half▼ 85.1%
Equity€16,615below the sector's middle half-€36,228below the sector's middle half▲ 118%€69,595below the sector's middle half▲ 92.1%€74,694below the sector's middle half▲ 7.3%
Total assets€39,510below the sector's middle half-€53,186below the sector's middle half▲ 34.6%€102,733below the sector's middle half▲ 93.2%€106,761below the sector's middle half▲ 3.9%
Debt€22,895-€16,958▼ 25.9%€33,138▲ 95.4%€32,066▼ 3.2%
Working capital€15,955within the sector's middle half-€18,714within the sector's middle half▲ 17.3%€37,970within the sector's middle half▲ 103%€55,592within the sector's middle half▲ 46.4%
Solvency42.1%within the sector's middle half-68.1%within the sector's middle half▲ 26.1pp67.7%within the sector's middle half▼ 0.4pp70.0%within the sector's middle half▲ 2.2pp
Current ratio1.70within the sector's middle half-2.14within the sector's middle half▲ 0.442.15within the sector's middle half▲ 0.012.73within the sector's middle half▲ 0.59
Return on assets (ROA)37.7%above the sector's middle half-38.4%above the sector's middle half▲ 0.6pp33.3%above the sector's middle half▼ 5.1pp4.8%within the sector's middle half▼ 28.5pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2022: €19,590€19,590Net result 2022: €14,915€14,915Operating result 2023: €27,287€27,287Net result 2023: €20,413€20,413Operating result 2024: €57,136€57,136Net result 2024: €34,168€34,168Operating result 2025: €18,211€18,211Net result 2025: €5,099€5,0992022202320242025€0€20,000€40,000€60,000Operating result 2023: €27,287€27,300Net result 2023: €20,413€20,400Operating result 2024: €57,136€57,100Net result 2024: €34,168€34,200Operating result 2025: €18,211€18,200Net result 2025: €5,099€5,100202320242025
The operating result falls in 2025; 2025 is 68% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106,761
Fixed assets €19,102 ▼ 39.6%
Current assets €87,659 ▲ 23.3%
Equity and liabilities €106,761
Equity €74,694 ▲ 7.3%
Debt €32,066 ▼ 3.2%
Debt's share of the balance-sheet total falls from 32.3% to 30.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€24,634▼
2024 · €62,656
Cash flow
€11,523▼
2024 · €39,687
Debt to equity
0.43▼
2024 · 0.48
ROE
6.8%▼
2024 · 49.1%
Interest coverage
1.55▼
2024 · 6.72
Debt ≤ 1 year
€32,066▼
2024 · €33,138
Income taxes
€7,542▼
2024 · €13,644
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
2.2% went bankrupt
3.8% stopped otherwise
94% still going

For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 5,048 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€102,733€106,761▲
Fixed assets21/28€31,625€19,102▼
Tangible fixed assets22/27€17,466€11,042▼
Plant, machinery and equipment23€10,472€8,018▼
Furniture and vehicles24€6,993€3,024▼
Financial fixed assets28€14,160€8,060▼
Current assets29/58€71,108€87,659▲
Amounts receivable within one year40/41€48,979€77,748▲
Trade receivables40€10,942€48,599▲
Other amounts receivable41€38,037€29,149▼
Cash at bank and in hand54/58€13,288€497▼
Deferred charges and accrued income490/1€8,841€9,414▲
Equity and liabilities
Total equity and liabilities10/49€102,733€106,761▲
Equity10/15€69,595€74,694▲
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14€67,095€72,194▲
Amounts payable17/49€33,138€32,066▼
Amounts payable within one year42/48€33,138€32,066▼
Trade debts44€14,302€11,438▼
Suppliers440/4€14,302€11,438▼
Taxes, remuneration and social security45€16,103€18,696▲
Taxes450/3€14,303€18,696▲
Remuneration and social security454/9€1,800€0▼
Other amounts payable47/48€2,733€1,933▼
Accrued charges and deferred income492/3€0-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,520€6,424▲
Other operating charges640/8€20,317€7,634▼
Gross operating margin9900€82,973€32,268▼
Operating profit (loss)9901€57,136€18,211▼
Financial income75/76B€0€10,328▲
Recurring financial income75€0€10,328▲
Financial charges65/66B€9,325€15,898▲
Recurring financial charges65€9,325€15,898▲
Profit (loss) for the period before taxes9903€47,811€12,641▼
Income taxes67/77€13,644€7,542▼
Profit (loss) for the period9904€34,168€5,099▼
Profit (loss) for the period to be appropriated9905€34,168€5,099▼
Appropriation of the result
Profit (loss) to be appropriated9906€67,895€72,194▲
Profit (loss) brought forward from the previous period14P€33,728€67,095▲
Profit to be distributed694/7€800€0▼
Return on contributions (dividend)694€800€0▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1,194€5,520€6,424▲ 16.4%
Other operating charges640/8€362€467€20,317€7,634▼ 62.4%
Gross operating margin9900€19,952€28,948€82,973€32,268▼ 61.1%
Operating profit (loss)9901€19,590€27,287€57,136€18,211▼ 68.1%
Financial income75/76B€10€1€0€10,328-
Recurring financial income75€10€1€0€10,328-
Financial charges65/66B€242€1,173€9,325€15,898▲ 70.5%
Recurring financial charges65€242€1,173€9,325€15,898▲ 70.5%
Profit (loss) for the period before taxes9903€19,358€26,114€47,811€12,641▼ 73.6%
Income taxes67/77€4,443€5,701€13,644€7,542▼ 44.7%
Profit (loss) for the period9904€14,915€20,413€34,168€5,099▼ 85.1%
Profit (loss) for the period to be appropriated9905€14,915€20,413€34,168€5,099▼ 85.1%
Line2022202320242025Change
Assets
Total assets20/58€39,510€53,186€102,733€106,761▲ 3.9%
Fixed assets21/28€660€17,992€31,625€19,102▼ 39.6%
Tangible fixed assets22/27-€13,832€17,466€11,042▼ 36.8%
Plant, machinery and equipment23-€4,452€10,472€8,018▼ 23.4%
Furniture and vehicles24-€9,381€6,993€3,024▼ 56.8%
Financial fixed assets28€660€4,160€14,160€8,060▼ 43.1%
Current assets29/58€38,850€35,194€71,108€87,659▲ 23.3%
Amounts receivable within one year40/41€38,193€28,226€48,979€77,748▲ 58.7%
Trade receivables40€22,459€19,960€10,942€48,599▲ 344%
Other amounts receivable41€15,734€8,266€38,037€29,149▼ 23.4%
Current investments50/53€1----
Cash at bank and in hand54/58€359€2,556€13,288€497▼ 96.3%
Deferred charges and accrued income490/1€297€4,413€8,841€9,414▲ 6.5%
Equity and liabilities
Total equity and liabilities10/49€39,510€53,186€102,733€106,761▲ 3.9%
Equity10/15€16,615€36,228€69,595€74,694▲ 7.3%
Contributions10/11€2,500€2,500€2,500€2,500=
Profit (loss) carried forward14€14,115€33,728€67,095€72,194▲ 7.6%
Amounts payable17/49€22,895€16,958€33,138€32,066▼ 3.2%
Amounts payable within one year42/48€22,895€16,480€33,138€32,066▼ 3.2%
Trade debts44€10,623€8,415€14,302€11,438▼ 20.0%
Suppliers440/4€10,623€8,415€14,302€11,438▼ 20.0%
Taxes, remuneration and social security45€11,472€6,264€16,103€18,696▲ 16.1%
Taxes450/3€10,972€6,264€14,303€18,696▲ 30.7%
Remuneration and social security454/9€500€0€1,800€0▼ 100%
Other amounts payable47/48€800€1,800€2,733€1,933▼ 29.3%
Accrued charges and deferred income492/3-€478€0--
Line2022202320242025Change
Profit (loss) for the period9904€14,915€20,413€34,168€5,099▼ 85.1%
+ Depreciation and write-downs630-€1,194€5,520€6,424▲ 16.4%
Operating cash flow (approximation)€14,915€21,607€39,687€11,523▼ 71.0%
Investment in fixed assets (approximation)--€18,526-€19,153€6,100▲ 132%
Change in cash-€2,197€10,733-€12,791▼ 219%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
02-02
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
30-06
Financial Weakest financial yearnet €5,099 ▼85.1%
Net result drops to €5,099, the lowest in the series.
03-02
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 3 days late
2024
30-06
Financial Highest result since 2022net €34,168 ▲67.4%
Operating result €57,136, net result €34,168, both a record.
30-01
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Niklaas · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1,994 m²
Building footprint
245 m²
Volume, LiDAR
1,822 m³
Parcel 46002C1088/00H002, Flanders · tallest building 28.0 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
MN Consultancy
Nieuwe Baan 5, 9111 Sint-NiklaasSpecialised construction activities
since 20212.319.328.495
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46002C1088/00H002 Flanders 1,994 m² 1 · 245 m² 27.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 30-06-2025 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 30-06-2025 of MN Consultancy and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Subsidies and aid

Flemish government

2023 · 1 entry · 210 EUR awarded · 210 EUR paid
Year Entries awardedpaid
2023 1 210 EUR210 EUR
Schemes
1 entry · 210 EUR · 210 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 82,601 companies in this sector we hold annual accounts for 52,629. 39,912 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded28-06-2021
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
70100Activities of head offices
73110Advertising agencies
81230Other cleaning activities
82990Other business support services
85599Other education
Contact
Phone +32 471 48 18 00Sint-Niklaas
E-invoicing
Reachable via Peppol
Peppol ID 0208:0770393596
Also 9925:BE0770393596
Registered 21-05-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.