ACTIVE

MN SUPPORT

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Financial year 2023 · closed on 31/12/2023

Net result

183,1 k €

+56.5% YoY

Gross margin

440 k €

+11.0% YoY

Equity

3,6 M €

+5.4% YoY

What does MN SUPPORT do?

MN SUPPORT is a Non-profit organization incorporated in 1965. Its registered office is in Namur.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0410.162.520

Incorporation

03/11/1965

Legal form

Non-profit organization

Registered office

Rue des Dames Blanches 24
5000 Namur · WallonieSee on map

Latest accounts

31/12/2023

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	440 k €	+11.0%	396,3 k €	+5.7%	374,9 k €	-7.0%	403,2 k €	+4.1%	387,2 k €	+15.7%	334,7 k €	+99.5%	167,8 k €	-0.3%	168,4 k €	-29.1%	237,6 k €	+40.3%	169,4 k €	+53.9%	110,1 k €	-5.2%	116,2 k €	+21.9%	95,3 k €	-25.7%	128,2 k €	+20.7%	106,2 k €	-62.5%	283 k €	+61.1%	175,7 k €
EBITDA	326,7 k €	+4.3%	313,4 k €	+6.4%	294,5 k €	-9.5%	325,4 k €	+8.4%	300,3 k €	+15.8%	259,2 k €	+87.8%	138 k €	+0.9%	136,7 k €	-33.3%	204,9 k €	+50.3%	136,3 k €	+79.7%	75,8 k €	-12.9%	87,1 k €	+30.2%	66,9 k €	-23.2%	87,1 k €	+12.7%	77,3 k €	-57.6%	182,2 k €	+87.5%	97,2 k €
Operating result	164,9 k €	+40.8%	117,1 k €	+122%	52,8 k €	-39.0%	86,5 k €	+43.2%	60,5 k €	+379%	-21,7 k €	-1943%	-1,1 k €	+71.8%	-3,8 k €	-106%	67,8 k €	+10144%	-675,1 €	+99.0%	-65,2 k €	-1449%	-4,2 k €	-119%	21,9 k €	-57.4%	51,4 k €	+6.0%	48,5 k €	-69.6%	159,7 k €	+121%	72,3 k €
Net result	183,1 k €	+56.5%	117,1 k €	+138%	49,1 k €	-42.9%	85,9 k €	+35.3%	63,5 k €	+576%	-13,3 k €	-104%	331 k €	+1313987%	-25,2 €	-100%	65,6 k €	+2143%	-3,2 k €	+94.1%	-54,4 k €	-2388%	2,4 k €	-88.5%	20,7 k €	-52.4%	43,6 k €	-26.3%	59,2 k €	-62.9%	159,6 k €	+134%	68,3 k €
Balance sheet
Equity	3,6 M €	+5.4%	3,4 M €	+3.6%	3,3 M €	+1.5%	3,2 M €	+2.7%	3,1 M €	+2.1%	3,1 M €	+104%	1,5 M €	+28.1%	1,2 M €	-0.0%	1,2 M €	+5.9%	1,1 M €	-0.3%	1,1 M €	-4.7%	1,2 M €	+0.2%	1,2 M €	+1.8%	1,1 M €	+4.0%	1,1 M €	+5.7%	1 M €	+18.1%	883,3 k €
Total assets	3,6 M €	+6.2%	3,4 M €	+3.4%	3,3 M €	+1.6%	3,3 M €	+2.8%	3,2 M €	+2.0%	3,1 M €	+104%	1,5 M €	+12.5%	1,4 M €	-2.3%	1,4 M €	+2.0%	1,4 M €	+0.4%	1,4 M €	-11.7%	1,5 M €	+13.5%	1,4 M €	-0.6%	1,4 M €	-3.1%	1,4 M €	+8.1%	1,3 M €	+9.6%	1,2 M €
Cash	161,1 k €	+125%	71,6 k €	+79.1%	40 k €	-46.6%	74,9 k €	-35.7%	116,4 k €	-78.3%	535,6 k €	+37.4%	389,7 k €	+382%	80,9 k €	+5.9%	76,4 k €	+57.1%	48,6 k €	+274%	13 k €	-66.1%	38,3 k €	+496%	6,4 k €	-88.8%	57,4 k €	-35.5%	88,9 k €	-63.5%	243,4 k €	+79.8%	135,4 k €
Debts	7 k €	+29.5%	5,4 k €	-53.0%	11,6 k €	+86.3%	6,2 k €	-21.8%	7,9 k €	+5.2%	7,6 k €	-8.5%	8,3 k €	-16.3%	9,9 k €	-71.0%	34,1 k €	-51.1%	69,6 k €	-36.7%	110 k €	-42.0%	189,5 k €	+11.0%	170,7 k €	-16.5%	204,4 k €	-8.9%	224,3 k €	-10.8%	251,5 k €	-14.7%	294,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2023 · 13 active · 14 ended

Active mandates

Cécile BODSON

Mandate

Active

Claude DEGREZ

Mandate

Active

Dominique SONET

Mandate

Active

Eric HANOULLE

Mandate

Active

Ghislain PERSOON

Mandate

Active

Isabelle FOCANT

Mandate

Active

Jean Arnould

Mandate

Active

Jean-Bernard GERARDY

Mandate

Active

Jean-Claude GILLON

Mandate

Active

Jean-Marie DELWICHE

Mandate

Active

Marc GERMIAT

Mandate

Active

Marc MAYERUS

Mandate

Active

Paul-Emmanuel GHISLAIN

Mandate

Active

Ended mandates

Alain NICOLAS

Mandate

Ended

Cécile BODSON

Auditor

Ended

Claude DEGREZ

Chairman of the board of directors

Ended

Dominique SONET

Director

Ended

At this address

Other companies at this address

Company	CBE no.
HORIZONS JEUNESSE● Active	0453.159.452
LA MUTUALITE NEUTRE● Active	0411.872.094
LES OEUVRES DE SANTE DE LA MUTUALITE NEUTRE NAMUR LUXEMBOURG● Liquidation	0410.332.368

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/06/2025	09/07/2024	26/07/2023	19/07/2022	26/07/2021	28/07/2020
General meeting	03/06/2025	14/06/2024	29/06/2023	22/06/2022	29/06/2021	29/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	03/06/2025	18/06/2025	French	PDF
Abridged model	31/12/2023	14/06/2024	09/07/2024	French	PDF
Abridged model	31/12/2022	29/06/2023	26/07/2023	French	PDF
Abridged model	31/12/2021	22/06/2022	19/07/2022	French	PDF
Abridged model	31/12/2020	29/06/2021	26/07/2021	French	PDF
Abridged model	31/12/2019	29/06/2020	28/07/2020	French	PDF
Abridged model	31/12/2018	27/06/2019	23/07/2019	French	PDF
Abridged model	31/12/2017	20/06/2018	04/07/2018	French	PDF
Abridged model	31/12/2016	20/06/2017	05/07/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	14/07/2016	French	PDF
Abridged model	31/12/2014	22/06/2015	15/07/2015	French	PDF
Abridged model	31/12/2013	27/05/2014	07/07/2014	French	PDF
Abridged model	31/12/2012	13/06/2013	03/07/2013	French	PDF
Abridged model	31/12/2011	18/06/2012	11/07/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	28/06/2011	French	PDF
Abridged model	31/12/2009	23/06/2010	01/07/2010	French	PDF
Abridged model	31/12/2008	24/06/2009	16/07/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	30/07/2008	French	PDF
Abridged model	31/12/2006	26/06/2007	25/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2023 · 13 active · 14 ended

Active mandates

Cécile BODSON

Mandate

Active

Claude DEGREZ

Mandate

Active

Dominique SONET

Mandate

Active

Eric HANOULLE

Mandate

Active

Ghislain PERSOON

Mandate

Active

Isabelle FOCANT

Mandate

Active

Jean Arnould

Mandate

Active

Jean-Bernard GERARDY

Mandate

Active

Jean-Claude GILLON

Mandate

Active

Jean-Marie DELWICHE

Mandate

Active

Marc GERMIAT

Mandate

Active

Marc MAYERUS

Mandate

Active

Paul-Emmanuel GHISLAIN

Mandate

Active

Ended mandates

Alain NICOLAS

Mandate

Ended

Cécile BODSON

Auditor

Ended

Claude DEGREZ

Chairman of the board of directors

Ended

Dominique SONET

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/02/2026
DENOMINATION - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates30/01/2025
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates29/02/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/07/2022
DEMISSIONS, NOMINATIONS
PDF
Other09/02/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other17/01/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates12/03/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates11/05/2018
DENOMINATION - SIEGE SOCIAL - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2023
Annual accounts 2023183,1 k €↑
2022
Annual accounts 2022117,1 k €↑
2021
Annual accounts 202149,1 k €↓
2020
Annual accounts 202085,9 k €↑
2019
Annual accounts 201963,5 k €↑
2018
Annual accounts 2018-13,3 k €↓
2017
Annual accounts 2017331 k €↑
2017
Name changeMN SUPPORT
2016
Annual accounts 2016-25,2 €↓
2015
Annual accounts 201565,6 k €↑
2014
Annual accounts 2014-3,2 k €↑
2013
Annual accounts 2013-54,4 k €↓
2012
Annual accounts 20122,4 k €↓
2011
Annual accounts 201120,7 k €↓
2010
Annual accounts 201043,6 k €↓
2009
Annual accounts 200959,2 k €↓
2008
Annual accounts 2008159,6 k €↑
2007
Annual accounts 200768,3 k €
2007
Name changeFenelux Oeuvres de Santé de la Mutualité neutre @Namur - Luxembourg@
03/11/1965
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MN SUPPORT

Overview

What does MN SUPPORT do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline