CHANGES

Active

Private limited companyfounded 20233 yrs activeOverpoortstraat 110, 9000 Gent, BelgiumKBO/BCE: BE 0804.769.507

The computed 12-month bankruptcy probability of CHANGES is 12.6% (high). The 2025 annual accounts show equity of €2k and a net result of €-292. Its solvency ranks better than 30% of 13044 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

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Checked score

Score 2025

40 / 100

Weak

The score combines four axes. Every signal that weighs is under Signals.

Axes

Profitability0

Solvency17

Growth-

Stability63

Bankruptcy probability, 12 months

12.6% High

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.07), and 93.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Recent warning signals

The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.

Belgian State Gazette

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 2025

Solvency, return and age of the figures

Solvency

6.6%

Return on assets

-1.1%

Age of the figures

14 mo

Ex-officio strike-off

The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.

KBO publications

Filed after the deadline

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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 1 filing

Deviation from the deadline

2025

14 d late

← before the deadline after the deadline →

Administrative warnings in the KBO publications

2 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 struckAddress strikeout annulled

Financials · fiscal year 2025, micro schema

Equity

€2k

Total assets

€26k

Net result

€-292

Working capital

€2k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Equity and liabilities €26k

93.4%

Equity €2k

Debt €24k

Debt finances 93.4% of the balance-sheet total.

Key figures and ratios

2025 value

Solvency

6.6%

Current ratio

1.07

Quick ratio

1.07

Debt / equity

14.23

ROE

-17.1%

ROA

-1.1%

Debt

€24k

Debt ≤ 1 year

€24k

Staff costs

€11k

Filed annual accounts

As filed with the NBB · 2025

Balance sheet Code2025

Assets

Total assets20/58€26k

Current assets29/58€26k

Amounts receivable within one year40/41€24k

Other amounts receivable41€24k

Cash at bank and in hand54/58€2k

Equity and liabilities

Total equity and liabilities10/49€26k

Equity10/15€2k

Contributions10/11€2k

Profit (loss) carried forward14€-292

Amounts payable17/49€24k

Amounts payable within one year42/48€24k

Trade debts44€14k

Suppliers440/4€14k

Taxes, remuneration and social security45€96

Taxes450/3€96

Other amounts payable47/48€10k

Income statement Code2025

Remuneration, social security and pensions62€11k

Gross operating margin9900€16k

Operating profit (loss)9901€5k

Financial income75/76B€7

Recurring financial income75€7

Financial charges65/66B€5k

Recurring financial charges65€5k

Profit (loss) for the period before taxes9903€-292

Profit (loss) for the period9904€-292

Profit (loss) for the period to be appropriated9905€-292

Appropriation of the result

Profit (loss) to be appropriated9906€-292

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Signals 2Filings 1

2026

23-02

KBO administration Address struck

Sidonie Verhelst- L’adresse du siège Sidonie Verhelststraat 16 Die Sitzadresse Sidonie Verhelststraat 16 straat 16 9050 Gent werd doorgehaald met 9050 Gent · event 03-02-2026

14-02

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 14 days late

2025

02-06

KBO administration Address strikeout annulled

SignalNBB filing

Directors · office · real estate

Directors

3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Gent · 1 establishment unit since 2023

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Overpoortstraat 1109000 Gent

Ground area

131 m²

Building footprint

130 m²

Volume, LiDAR

943 m³

Parcel 44805E0601/02E004, Flanders · tallest building 15.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

CHANGES

Overpoortstraat 110, 9000 GentOther building cleaning and industrial cleaning

since 20232.348.553.508

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44805E0601/02E004	Flanders	131 m²	1 · 130 m²	15.0 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2024 to 2025 · 2 entries · 396 EUR awarded · 396 EUR paid

Year	Entries	awarded	paid
2025	1	0 EUR	396 EUR
2024	1	396 EUR	0 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 396 EUR · 396 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

6 categories

CHANGES BV43388

category C2, class 1 · category D16, class 1 · category D17, class 1 · category D18, class 1 · category P1, class 1 · category P2, class 1

decision 08-01-2024

Similar companies · same sector, comparable size

Sint-Lambrechts-Woluwe · Eq €2k

Watermaal-Bosvoorde · Eq €2k

Of 12,446 companies in sector 49410 we hold annual accounts for 8,086. 1,237 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded11-08-2023

Fiscal year end30-06

Activities, NACEBEL

49410Freight transport by road

56102Limited-service restaurants

56112Limited-service restaurants, excluding mobile food services

42211Civil engineering

43221Plumbing work

43222Installation of electric heating, air conditioning, cooling and ventilation

81220Other building cleaning and industrial cleaning

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.