CHANGES

Active

Private limited companyfounded 2023active for 3 yearsOverpoortstraat 110, 9000 Gent, BelgiumKBO/BCE: BE 0804.769.507

Summary

The computed 12-month bankruptcy probability of CHANGES is 22.4% (high). The 2025 annual accounts show equity of €1,708 and a net result of -€292. Its solvency ranks better than 30% of 16,833 sector peers (NACE 56, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 3 administrative register entries (see administrative flags).

Risk analysisFollow Report Compare

CHANGESActiveChecked score 12/100

Risk analysis Report Compare

Activity

Limited-service restaurants, excluding mobile food services

NACE 56112Freight transport by road NACE 49410

1 site

Size

€26,020total assets 2025

Equity: €1,708
Loss: -€292

Turnover not published (micro format)

Financial health

12 Critical Checked score 2025

Bankruptcy probabilitywithin 12 months: 22.4%

Structure

BAEYENS Laura Monique EricDirector

2025 accounts filed 14 days late

Why 12raises risk2 changes of registered office in 24 monthsFounded in 20232 ex-officio strike-offs in the KBOSector: Food and beverage service activities (NACE 56)Show the evidence

Checked score

Score 2025

12 / 100

Critical

Probability in this band: over 15.0%

Financially better than 23% of its sector peers (NACE 56, micro)

Every signal that counts is listed under Signals.

Financial strength

Weak

Solvency 32

equity 6.6% of total assets

Liquidity 11

short-term debt 93.4% · cash 8.4%

Profitability 35

return on assets -1.1%

Bankruptcy probability, 12 months

22.4% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 4 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,763 companies, NACE 56, micro)

Last 24 months 11-2024: 4.1%lowest value 12-2024: 8.3%▲ +4.2 percentage points vs 11-2024 01-2025: 8.3%● unchanged vs 12-2024 02-2025: 8.9%▲ +0.6 percentage points vs 01-2025 03-2025: 9.6%▲ +0.7 percentage points vs 02-2025 04-2025: 9.6%● unchanged vs 03-2025 05-2025: 9.3%▼ -0.3 percentage points vs 04-2025 06-2025: 14.5%▲ +5.2 percentage points vs 05-2025 07-2025: 15.1%▲ +0.6 percentage points vs 06-2025 08-2025: 15.2%▲ +0.1 percentage points vs 07-2025 09-2025: 15.2%● unchanged vs 08-2025 10-2025: 15.2%● unchanged vs 09-2025 11-2025: 15.2%● unchanged vs 10-2025 12-2025: 15.2%● unchanged vs 11-2025 01-2026: 15.2%● unchanged vs 12-2025 02-2026: 15.2%● unchanged vs 01-2026 03-2026: 10.0%▼ -5.2 percentage points vs 02-2026 04-2026: 10.0%● unchanged vs 03-2026 05-2026: 10.0%● unchanged vs 04-2026 06-2026: 10.0%● unchanged vs 05-2026 07-2026: 19.8%▲ +9.8 percentage points vs 06-2026 08-2026: 19.8%● unchanged vs 07-2026 09-2026: 20.0%▲ +0.2 percentage points vs 08-2026 10-2026: 22.4%▲ +2.4 percentage points vs 09-2026highest value

No credit on open account

Liquidity tight (current ratio 1.07, below the usual 1.5; short-term debt: 93.4% and cash: 8.4% of total assets), and 93.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 31% on solvency, 10% on liquidity and 29% on profitability.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

raises risk

2 changes of registered office in 24 months

Belgian Official Gazette

Founded in 2023

Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.

KBO

2 ex-officio strike-offs in the KBO

KBO publications

Sector: Food and beverage service activities (NACE 56)

KBO

2025 accounts filed 14 days late

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 14-02-2026, 14 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 1 filing

Deviation from the deadline

2025

14 days late

← before the deadline after the deadline →

Administrative warnings in the KBO publications

3 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.

KBO publications

Publications

Address struck×2Address strikeout annulled

02-06-2026 Registered officeRegistered-office move
23-02-2026 Address struckSidonie Verhelst- L’adresse du siège…
14-02-2026 Annual accounts filedfinancial year 2025 · micro…

Key points

One director decidessole director in office 1 View
Total assets 2025first financial year filed €26,020 View
Active since 2023founded 11-08-2023 3 years View

By topic

Financials

Financial year: 2025
Total assets: €26,020
Loss: -€292
Solvency: 6.6%

Go to Financials

Board & ownership

Board: 1 member

BAEYENS Laura Monique EricDirector

Go to Board & ownership

Timeline

Events: 7
Since: 2023

02-06-2025Address strikeout annulled
30-05-2025Registered office
25-11-2024Address struck

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Limited-service restaurants, excluding mobile food servicesNACE 56112
Founded: 11-08-2023
Year ends: 30-06
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 16

Who signs: Each director alone
Annual meeting: Last Wednesday of November at 19:00
Purpose: “Uitbating pompstation met inbegrip van shop; Eet- en drankgelegenheid; Café-uitbating…” (deed in Dutch)
Statutory auditor: No statutory auditor

Go to Articles of association

Key facts about CHANGES

What is the company number of CHANGES?: 0804.769.507. In Belgium the VAT number is the company number with BE in front: BE 0804.769.507.
Where is CHANGES based?: The registered office is at Overpoortstraat 110, 9000 Gent.Company details
What does CHANGES do?: According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
What is the legal form of CHANGES?: Private limited company (BV).
When was CHANGES founded?: On 11-08-2023.
Is CHANGES still active?: Yes, CHANGES is an active enterprise in the KBO register.
What is the turnover of CHANGES?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is CHANGES profitable?: In financial year 2025, CHANGES made a loss of €292.
Where can I find the annual accounts of CHANGES?: CHANGES filed 1 annual account with the National Bank of Belgium, for financial year 2025.