Change Essentials (0700.218.254): annual accounts and directors

Change Essentials

Ghent ·KBO/BCE: BE 0700.218.254

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%

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%

Company	Total assets	Gross margin	Solvency	Staff
Change Essentials Ghent	€414,791	€129,098	72.6%	-
X-SEC SERVICES Ghent	€335,617	€119,467	81.6%	-
BAAM-CONSULTING Beveren-Kruibeke-Zwijndrecht	€385,110	€131,208	45.9%	-
EVERCON Beveren-Kruibeke-Zwijndrecht	€372,512	€129,535	99.4%	-
Ninja Club Destelbergen	€462,841	€136,754	79.7%	-
MS4CONSULTING Ghent	€384,482	€119,814	78.8%	-
Blue Court Deinze	€440,777	€127,429	61.5%	-

Line	2025	2024	2023	2022	2021	2020	2019	2018
Balance sheet: assets
Total assets`20/58`	414,791	341,711	255,882	144,791	276,983	215,891	147,305	59,888
Fixed assets`21/28`	1,389	5,857	5,494	8,857	5,672	2,298	2,872	-
Tangible fixed assets`22/27`	1,389	5,857	5,494	8,857	5,672	2,298	2,872	-
Furniture and vehicles`24`	689	4,398	3,276	5,880	1,927	-	-	-
Other tangible fixed assets`26`	700	1,459	2,218	2,977	3,745	2,298	2,872	-
Current assets`29/58`	413,402	335,854	250,388	135,934	271,310	213,594	144,433	59,888
Amounts receivable after more than one year`29`	70,000	70,000	-	-	-	-	-	-
Other amounts receivable`291`	70,000	70,000	-	-	-	-	-	-
Amounts receivable within one year`40/41`	23,049	24,204	19,365	26,469	17,771	19,214	18,001	16,335
Trade receivables`40`	23,030	24,186	19,340	26,445	17,769	19,209	18,000	16,335
Other amounts receivable`41`	19	18	25	24	2	5	1	-
Current investments`50/53`	195,771	172,824	106,300	-	-	-	-	-
Cash at bank and in hand`54/58`	122,044	67,950	124,724	109,465	253,540	194,380	126,432	43,553
Deferred charges and accrued income`490/1`	2,538	876	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	414,791	341,711	255,882	144,791	276,983	215,891	147,305	59,888
Equity`10/15`	301,055	290,035	198,282	99,817	20,480	157,636	91,876	36,754
Contributions`10/11`	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550
Issued capital`100`	-	-	-	-	-	-	18,550	18,550
Reserves`13`	282,505	271,485	179,732	81,267	1,930	139,086	73,326	18,204
Non-distributable reserves`130/1`	-	-	-	910	910	910	-	-
Legal reserve`130`	-	-	-	-	-	-	910	910
Reserves not available under the articles`1311`	-	-	-	910	910	910	-	-
Distributable reserves`133`	282,505	271,485	179,732	80,356	1,020	138,176	72,416	17,294
Amounts payable`17/49`	113,736	51,676	57,601	44,974	256,503	58,255	55,430	23,134
Amounts payable within one year`42/48`	113,736	51,676	57,601	44,974	256,503	58,255	37,430	23,134
Trade debts`44`	1,488	1,053	1,028	1,354	1,920	1,194	2,006	2,755
Suppliers`440/4`	1,488	1,053	1,028	1,354	1,920	1,194	2,006	2,755
Taxes, remuneration and social security`45`	19,674	35,141	48,913	26,616	34,738	45,872	26,996	15,249
Taxes`450/3`	19,674	35,141	48,913	26,616	34,738	45,872	26,996	15,249
Other amounts payable`47/48`	92,574	15,482	7,659	17,004	219,845	11,189	8,428	5,130
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	18,000	-
Income statement
Non-recurring operating income`76A`	63	-	-	-	-	-	-	-
Gross operating margin`9900`	129,098	129,361	144,436	114,827	88,087	85,893	69,334	27,686
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	2,385	3,207	3,363	2,221	1,032	574	718	-
Other operating charges`640/8`	823	677	836	1,082	1,451	1,112	1,047	357
Operating profit (loss)`9901`	125,890	125,477	140,237	111,523	85,604	84,206	67,570	27,330
Financial income`75/76B`	2,316	4,630	1	-	-	0	0	-
Recurring financial income`75`	2,316	4,630	1	-	-	0	0	-
Financial charges`65/66B`	133	117	133	191	44	71	42	22
Recurring financial charges`65`	133	117	133	191	44	71	42	22
Profit (loss) for the period before taxes`9903`	128,073	129,989	140,105	111,332	85,560	84,135	67,528	27,308
Income taxes`67/77`	37,717	38,236	41,640	31,996	17,717	18,375	12,406	9,104
Profit (loss) for the period`9904`	90,357	91,754	98,465	79,337	67,844	65,761	55,122	18,204
Profit (loss) for the period to be appropriated`9905`	90,357	91,754	98,465	79,337	67,844	65,761	55,122	18,204
Appropriation of the result
Profit (loss) to be appropriated`9906`	90,357	91,754	98,465	79,337	67,844	65,761	55,122	18,204
Transfer from equity`791/2`	79,337	-	-	-	137,156	-	-	-
Transfer to equity`691/2`	90,357	91,754	98,465	79,337	-	65,761	55,122	18,204
To the legal reserve`6920`	-	-	-	-	-	-	-	910
To other reserves`6921`	90,357	91,754	98,465	79,337	-	65,761	55,122	17,294
Profit to be distributed`694/7`	79,337	-	-	-	205,000	-	-	-
Return on contributions (dividend)`694`	79,337	-	-	-	205,000	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	30-07-2026	2026-00370560	PDF
31-12-2024	micro format	29-09-2025	2025-00511458	PDF
31-12-2023	micro format	30-08-2024	2024-00415209	PDF
31-12-2022	micro format	30-08-2023	2023-00402493	PDF
31-12-2021	micro format	26-07-2022	2022-20231559	PDF
31-12-2020	micro format	31-08-2021	2021-63400198	PDF
31-12-2019	micro format	23-07-2020	2020-34000069	PDF
31-12-2018	micro format	24-07-2019	2019-38700511	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018
EBITDA	128,275	128,684	143,600	113,745	86,636	84,781	68,288	-
Cash flow	92,741	94,961	101,828	81,558	68,875	66,335	55,840	-
Investment in fixed assets (approximation)	-2,083	3,570	0	5,406	4,407	0	3,590	-
Change in cash	54,094	-56,773	15,258	-144,074	59,160	67,948	82,879	-
Working capital	299,666	284,178	192,787	90,959	14,808	155,339	107,004	36,754
Solvency	72.6%	84.9%	77.5%	68.9%	7.4%	73.0%	62.4%	61.4%
Current ratio	3.63	6.50	4.35	3.02	1.06	3.67	3.86	2.59
Debt to equity	0.38	0.18	0.29	0.45	12.52	0.37	0.60	0.63
ROE	30.0%	31.6%	49.7%	79.5%	331.3%	41.7%	60.0%	49.5%
ROA	21.8%	26.9%	38.5%	54.8%	24.5%	30.5%	37.4%	30.4%
Interest coverage	over 100	over 100	over 100	over 100	over 100	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€3,570	-	€5,406	€4,407
Depreciation and write-downs of the year	€2,385	€3,207	€3,363	€2,221	€1,032

Overview

Lifetime

Key points

Equity

Turnover

Debts

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Position in the sector

Checked score

Score breakdown

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Annual accounts 2025

Insights on Change Essentials

Financials

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency72.6%

Current ratio3.63

Return on assets21.8%

Filed annual accounts

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