Checked.be
Active
BE 0453.990.286Private limited company
CHANGELOOP
Burgem. Achiel Heymanstraat 55 ·9140 Temse, Belgium· 31 yrs active
Sector: Business and other management consultancy
(70200)
Conclusion
CHANGELOOP has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €703k and a net result of €20k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 43% of 30893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €703k |
| Net result | €20k |
| Better than sector | 43% |
| Active | 31 yrs |
Financial profile
69
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
14
Solvency
95
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1994, 31 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€60k
estimate, not credit advice
Score history
93
2022
89
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 5.10 (≥ 1.5)
+10
Quick ratio
Quick ratio 5.03 (≥ 1.0)
+5
Leverage
Debt/equity 0.90 (< 1.0)
+10
Profitability
ROE 3%
+3
Interest coverage
Interest coverage 4.0× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 16-01-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~2.6%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 47.3% | 55.9% | |
| Net result | €20k | €27k | |
| Equity | €703k | €83k | |
| Gross operating margin | €120k | €54k | |
| Total assets | €1.48M | €186k |
€106k
-70.9%
22-25
€20k
-89.2%
22-25
€78k
-69.7%
22-25
€1.48M
-31.8%
22-25
€703k
+3.0%
22-25
€303k
+1.7%
22-25
€6k
-93.9%
22-25
€0
-100.0%
22-25
€630k
-53.0%
22-25
€74k
-90.0%
22-25
€556k
-7.9%
22-25
5.10
+263.1%
22-25
5.03
+260.3%
22-25
47.3%
+50.9%
22-25
0.90
-54.4%
22-25
2.9%
-89.5%
22-25
1.4%
-84.2%
22-25
3.97
-77.8%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2022 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €106k | €363k | €201k |
| Net profit | €20k | €187k | €106k |
| Cash flow | €78k | €258k | €145k |
| Staff costs | - | - | - |
| Income taxes | €6k | €91k | €79k |
| Dividends | €0 | €155k | - |
| Total assets | €1.48M | €2.18M | €1.30M |
| Equity | €703k | €682k | €650k |
| Debt | €630k | €1.34M | €501k |
| of which ≤ 1y | €74k | €737k | €216k |
| of which > 1y | €556k | €604k | €284k |
| Working capital | €303k | €298k | €382k |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2022 | |
|---|---|---|---|
| Current ratio | 5.10 | 1.40 | 2.77 |
| Quick ratio | 5.03 | 1.40 | 2.74 |
| Working capital ratio | 20.4% | 13.7% | 29.3% |
| Solvency | 47.3% | 31.4% | 49.9% |
| Debt / equity | 0.90 | 1.97 | 0.77 |
| Long-term debt ratio | 0.79 | 0.89 | 0.44 |
| Interest coverage | 3.97 | 17.88 | 12.24 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 1.4% | 8.6% | 8.1% |
| ROE | 2.9% | 27.4% | 16.3% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €1.48M | €2.18M | €1.30M |
| Fixed assets | 21/28 | €1.11M | €1.14M | €704k |
| Tangible fixed assets | 22/27 | €1.11M | €1.14M | €704k |
| Current assets | 29/58 | €377k | €1.04M | €598k |
| Stocks & contracts in progress | 3 | €5k | €6k | €6k |
| Amounts receivable within one year | 40/41 | €55k | €502k | €78k |
| Cash & bank | 54/58 | €310k | €518k | €508k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.48M | €2.18M | €1.30M |
| Equity | 10/15 | €703k | €682k | €650k |
| Contributions / capital | 10/11 | €220k | €220k | €220k |
| Reserves | 13 | €471k | €435k | €403k |
| Accumulated profits (losses) | 14 | €11k | €27k | €27k |
| Provisions & deferred taxes | 16 | €152k | €152k | €152k |
| Amounts payable | 17/49 | €630k | €1.34M | €501k |
| Amounts payable after one year | 17 | €556k | €604k | €284k |
| Amounts payable within one year | 42/48 | €74k | €737k | €216k |
| Trade debts payable within one year | 44 | €11k | €517k | €53k |
| Income statement | ||||
| Gross operating margin | 9900 | €120k | €379k | €212k |
| Operating result | 9901 | €48k | €292k | €162k |
| Financial income | 75 | €5k | €6k | €5k |
| Financial charges | 65 | €27k | €20k | €16k |
| Result before taxes | 9903 | €26k | €278k | €151k |
| Income taxes | 67/77 | €6k | €91k | €79k |
| Net result for the period | 9904 | €20k | €187k | €106k |
| Result to be appropriated | 9905 | €20k | €69k | €209k |
Legal Structure
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 20-12-1994 |
| Status | Active |
| Postal code | 9140 |
Establishment units
Changeloop
since 19952.069.638.916
PARTYHOUSES
since 20102.192.305.017
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452B0981/00R000 | Flanders | 949 m² | 1 · 675 m² | 7.9 m · 1 fl. |
| 46026A0523/00W000 | Flanders | 839 m² | 1 · 164 m² | 8.4 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
16-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €20k ▼89.2%
Net result drops to €20k, the lowest in the series.
30-06
Financial
Liquidity quadruplescurrent ratio 5.10
Current ratio from 1.40 to 5.10; short-term debt falls from €737k to €74k.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2022net €187k ▲76.8%
Operating result €292k, net result €187k, both a record.
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
08-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
05-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Business and other management consultancy70200Business consulting7022074142Wholesale of other household goods46499Retail sale of solid, liquid and gaseous fuels, excluding motor fuels47781Retail trade479905147852630
Names & trade names
| Legal nameNL | CHANGELOOP |
Similar companies
MONTI INVEST
BE 0464.871.015 · Mons
FRAMAKO
BE 0464.127.281 · Rijkevorsel
INDUSTRIAL CONSULTING
BE 0470.033.096 · Riemst
RUWET & Associés
BE 0807.918.245 · Herstal
GATTSU
BE 0717.614.116 · Kapellen