Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
m.n.do from Aalter, company number BE0641875130, closed financial year 2025 with a result of € 45,911 after tax. For that financial year m.n.do recorded a gross margin of € 93,033 and equity of € 19,345. Compared with financial year 2024, the result moved from € 25,253 to € 45,911. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 23, 2025.
€ 19,345
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 45,911
▲ 82% vs 2024
Profit after tax over the fiscal year.
€ 27,853
▲ 74% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 45,911 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 230,553
▼ 8% vs 2024
Of which on lease € 229,979.
Debts at end 2025
€ 180,394
▼ 8% vs 2024
€ 24,418 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 6,911
▼ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,867
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 131,607 | € 221,076 | € 63,360 | € 93,033 | ▲ 47% |
| Profit after taxes | € 73,899 | € 123,457 | € 25,253 | € 45,911 | ▲ 82% |
| Equity | € 110,397 | € 79,854 | € 19,345 | € 19,345 | |
| Total debts | € 314,110 | € 458,734 | € 352,042 | € 335,547 | ▼ 5% |
| Cash | € 28,977 | € 33,548 | € 15,967 | € 27,853 | ▲ 74% |
| Land & buildings | € 1,188 | € 487 | € 140 | € 0 | ▼ 100% |
| Retained profit | € 91,797 | € 61,254 | € 745 | € 745 | |
| Dividend | € 42,000 | € 154,000 | € 85,762 | € 45,911 | ▼ 46% |
| Bank debt | € 243,755 | € 220,377 | € 196,921 | € 180,394 | ▼ 8% |
| Balance sheet total | € 424,507 | € 538,588 | € 371,387 | € 354,892 | ▼ 4% |
Key figures of m.n.do, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to m.n.do?
What happened at m.n.do in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 45,911 (▲ 82% vs 2024). Source: NBB ↗
- Nathalie Aelterman became a director. NBB
- New establishment in Aalter. KBO
- Start of the company according to the CBE. KBO
In short
From € 73,899 profit in 2022 to € 45,911 profit in 2025.
Paid € 97,419 in corporate taxes since 2022.
Best year ever: 2023, with € 123,457 profit.
Paid out € 327,673 in dividends to the owners in total.
Management
Behind m.n.do are Nathalie Aelterman and Kevin Taelman. It owns 33.3% of Impetus Academy itself.
Directors
According to the 2025 annual accounts
since 2022
Establishments
Establishment units
Physical locations of this company
Kloosterstraat 63
9910 Aalter
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
- 0641.875.130
- VAT number
- BE 0641.875.130
- Registered office
- Kloosterstraat 63, 9910 Aalter
- Names & denominations
- m.n.do
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 2015
- Peppol
- Active · Active since 13 Apr 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Jeugdherbergen en jeugdverblijfcentra
Activiteiten van holdings
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Vakantieverblijven en andere accommodatie voor kort verblijf, neg
Holdings