Change-iT
ActiveSummary
Change-iT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32k and a net result of €-6k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 32% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▲+30
Solvency57▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.68 in 2024; short-term debt: 36.3% and cash: 9.1% of total assets), but 67.9% of the assets are financed with debt.
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Signals
Five 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 dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.1%
Return on assets
-6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-6k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
29 d early
2024
21 d early
2023
22 d early
2022
27 d early
2021
23 d early
2020
36 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€32k▼ 15.8%
2024 · €38k
Total assets
€101k▼ 17.9%
2024 · €123k
Net result
€-6k▲ 55.1%
2024 · €-14k
Working capital
€23k▼ 20.0%
2024 · €29k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2k▼ 92.7%€26k▲ 1,079%€38k▲ 47.2%€-13k€-6k▲ 54.2%
Net result€318▼ 98.7%€18k▲ 5,474%€27k▲ 54.3%€-14k€-6k▲ 55.1%
Equity€25k▲ 1.3%€25k▼ 1.2%€52k▲ 111%€38k▼ 26.1%€32k▼ 15.8%
Total assets€38k▲ 1.1%€60k▲ 58.2%€85k▲ 42.9%€123k▲ 43.7%€101k▼ 17.9%
Debt€13k▲ 0.7%€35k▲ 173%€33k▼ 4.8%€84k▲ 152%€68k▼ 18.8%
Working capital€24k▼ 2.5%€20k▼ 16.6%€48k▲ 141%€29k▼ 40.5%€23k▼ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €13k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101k
Fixed assets
€41k ▼ 20.6%
Current assets
€60k ▼ 15.9%
Equity and liabilities €101k
Equity
€32k ▼ 15.8%
Debt
€68k ▼ 18.8%
Debt's share of the balance-sheet total falls from 68.7% to 67.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▲
2024 · €-6k
Cash flow
€5k▲
2024 · €-7k
Current ratio
1.63▼
2024 · 1.68
Debt to equity
2.12▼
2024 · 2.19
ROE
-18.8%▲
2024 · -35.3%
ROA
-6.0%▲
2024 · -11.0%
Interest coverage
2.80▲
2024 · -6.96
Debt ≤ 1 year
€37k▼
2024 · €42k
Debt > 1 year
€28k▼
2024 · €37k
Income taxes
€232▲
2024 · €220
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €180 | €4k | €5k | €7k | €11k | ▲ 61.5% |
| Other operating charges640/8 | €553 | €558 | €662 | €623 | €585 | ▼ 6.1% |
| Gross operating margin9900 | €3k | €30k | €44k | €-5k | €5k | ▲ 202% |
| Operating profit (loss)9901 | €2k | €26k | €38k | €-13k | €-6k | ▲ 54.2% |
| Financial income75/76B | €31 | €246 | €106 | €104 | €2k | ▲ 1,494% |
| Recurring financial income75 | €31 | €246 | €106 | €104 | €2k | ▲ 1,494% |
| Financial charges65/66B | €844 | €2k | €-765 | €860 | €2k | ▲ 103% |
| Recurring financial charges65 | €844 | €2k | €-765 | €860 | €2k | ▲ 103% |
| Profit (loss) for the period before taxes9903 | €1k | €25k | €39k | €-13k | €-6k | ▲ 56.1% |
| Income taxes67/77 | €1k | €7k | €12k | €220 | €232 | ▲ 5.5% |
| Profit (loss) for the period9904 | €318 | €18k | €27k | €-14k | €-6k | ▲ 55.1% |
| Profit (loss) for the period to be appropriated9905 | €318 | €18k | €27k | €-14k | €-6k | ▲ 55.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38k | €60k | €85k | €123k | €101k | ▼ 17.9% |
| Fixed assets21/28 | €933 | €10k | €6k | €52k | €41k | ▼ 20.6% |
| Intangible fixed assets21 | - | - | - | €1k | €2k | ▲ 31.2% |
| Tangible fixed assets22/27 | €933 | €10k | €6k | €50k | €39k | ▼ 22.1% |
| Plant, machinery and equipment23 | €933 | €562 | €191 | €0 | - | - |
| Furniture and vehicles24 | - | €10k | €5k | €50k | €39k | ▼ 22.1% |
| Current assets29/58 | €37k | €49k | €80k | €71k | €60k | ▼ 15.9% |
| Amounts receivable within one year40/41 | €4k | €24k | €41k | €35k | €23k | ▼ 33.2% |
| Trade receivables40 | €4k | €24k | €38k | €26k | €18k | ▼ 31.0% |
| Other amounts receivable41 | €17 | - | €3k | €8k | €5k | ▼ 39.9% |
| Current investments50/53 | €7k | €11k | €20k | €30k | €24k | ▼ 18.8% |
| Cash at bank and in hand54/58 | €26k | €14k | €19k | €2k | €9k | ▲ 323% |
| Deferred charges and accrued income490/1 | €250 | - | - | €4k | €3k | ▼ 28.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38k | €60k | €85k | €123k | €101k | ▼ 17.9% |
| Equity10/15 | €25k | €25k | €52k | €38k | €32k | ▼ 15.8% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves13 | €23k | €23k | €50k | €36k | €30k | ▼ 16.7% |
| Distributable reserves133 | €23k | €23k | €50k | €36k | €30k | ▼ 16.7% |
| Amounts payable17/49 | €13k | €35k | €33k | €84k | €68k | ▼ 18.8% |
| Amounts payable after more than one year17 | - | €5k | €1k | €37k | €28k | ▼ 24.2% |
| Financial debts170/4 | - | €5k | €1k | €37k | €28k | ▼ 24.2% |
| Amounts payable within one year42/48 | €13k | €29k | €31k | €42k | €37k | ▼ 13.2% |
| Current portion of amounts payable after more than one year42 | - | €4k | €7k | €13k | €9k | ▼ 31.4% |
| Trade debts44 | €7k | €2k | €13k | €25k | €19k | ▼ 26.5% |
| Suppliers440/4 | €7k | €2k | €13k | €25k | €19k | ▼ 26.5% |
| Taxes, remuneration and social security45 | €6k | €11k | €7k | €3k | €9k | ▲ 165% |
| Taxes450/3 | €6k | €11k | €7k | €3k | €9k | ▲ 165% |
| Other amounts payable47/48 | €105 | €12k | €4k | €239 | €1 | ▼ 99.7% |
| Accrued charges and deferred income492/3 | - | €348 | €904 | €5k | €4k | ▼ 26.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €318 | €18k | €27k | €-14k | €-6k | ▲ 55.1% |
| + Depreciation and write-downs630 | €180 | €4k | €5k | €7k | €11k | ▲ 61.5% |
| Operating cash flow (approximation) | €497 | €22k | €32k | €-7k | €5k | ▲ 166% |
| Investment in fixed assets (approximation) | - | €-13k | €0 | €-53k | €27 | ▲ 100% |
| Change in cash | - | €-12k | €5k | €-17k | €7k | ▲ 141% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €27k ▲54.3%
Operating result €38k, net result €27k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.93
Current ratio from 0.88 to 2.93.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Niel · 1 establishment unit since 2019
Ground area
2,240 m²
Building footprint
1,282 m²
Volume, LiDAR
17,078 m³
Parcel 11030B0337/00D004, Flanders · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Change-iT
since 20192.296.716.510
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11030B0337/00D004 | Flanders | 2,240 m² | 1 · 1,282 m² | 18.3 m · 5 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 34,997 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.