CHANGES
ActiveSummary
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).
Overview
- Equity
- €1,708
- Loss
- -€292
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
About 1 in 4 comparable companies go bankrupt within 12 months (an estimate).
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
- Registered officeRegistered-office move
- Address struckSidonie Verhelst- L’adresse du siège…
- Annual accounts filedfinancial year 2025 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (14 days) Filed on 14 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00039107.
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 1,301 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 92.5% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a small loss
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 22.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,301 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €10,924 |
| Gross operating margin9900 | €16,101 |
| Operating profit (loss)9901 | €5,177 |
| Financial income75/76B | €7 |
| Recurring financial income75 | €7 |
| Financial charges65/66B | €5,476 |
| Recurring financial charges65 | €5,476 |
| Profit (loss) for the period before taxes9903 | -€292 |
| Profit (loss) for the period9904 | -€292 |
| Profit (loss) for the period to be appropriated9905 | -€292 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €26,020 | |
| Current assets29/58 | €26,020 | |
| Amounts receivable within one year40/41 | €23,833 | |
| Other amounts receivable41 | €23,833 | |
| Cash at bank and in hand54/58 | €2,187 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €26,020 | |
| Equity10/15 | €1,708 | |
| Contributions10/11 | €2,000 | |
| Profit (loss) carried forward14 | -€292 | |
| Amounts payable17/49 | €24,312 | |
| Amounts payable within one year42/48 | €24,312 | |
| Trade debts44 | €13,878 | |
| Suppliers440/4 | €13,878 | |
| Taxes, remuneration and social security45 | €96 | |
| Taxes450/3 | €96 | |
| Other amounts payable47/48 | €10,338 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€292 |
| Operating cash flow (approximation) | -€292 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 14-02-2026 | 2026-00039107 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €396 awarded · €396 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €396 |
| 2024 | 1 | €396 | €0 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| BAEYENS Laura Monique Eric |
|
Owners and capital
Capital and shareholders
- BAEYENS Laura Monique Eric 100 shares · €2,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 16-08-2023 Incorporation · €2,000 · 200 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
02-06
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 06-03-2026
- Registered-office move, Overpoortstraat 110,9000 Gent
30-05
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 22-01-2024
- Registered-office move, Sidonie Verhelststraat 16, 9050 Gent
16-08
Gazette deed
IncorporationAppointment: BAEYENS Laura Monique Eric (director) · Founder · Founding capital7 facts ▸
- Incorporation, “CHANGES” (deed in Dutch)
- Founder, BAEYENS Laura Monique Eric
- Founding capital, €2,000
- Bank account, “vennootschap in oprichting, vennootschapsdossier” (deed in Dutch)
- Registered office clause, “9070 Destelbergen, Dendermondsesteenweg 329” (deed in Dutch)
- Board rule, 1
- Director appointment, BAEYENS Laura Monique Eric (director (not named in the articles))
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0804.769.507
Recognitions · licences · registrations
Recognised contractor
6 categories- C2 Water supply and laying all kinds of pipesclass 1, up to €162,000
- D16 Sanitary installations and gas heating with individual appliancesclass 1, up to €162,000
- D17 Central heating, thermal installationsclass 1, up to €162,000
- D18 Ventilation, warm-air heating and air conditioningclass 1, up to €162,000
- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
- P2 Electrical and electromechanical installations of structures and industry, outdoor installationsclass 1, up to €162,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44805E0601/02E004 | Flanders | 131 m² | 1 · 130 m² | 15.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Uitbating pompstation met inbegrip van shop; Eet- en drankgelegenheid; Café-uitbating; Alle bouwactiviteiten; Schoonmaak van roerende en…” (deed in Dutch)
9 activities (deed in Dutch)
- Uitbating pompstation met inbegrip van shop.
- Eet- en drankgelegenheid.
- Café-uitbating
- Alle bouwactiviteiten
- Schoonmaak van roerende en onroerende goederen en gebouwen
- Aan- en verkoop van rollend materiaal
- Depannagediensten
- Schoonheidsverzorging
- Koerierdiensten
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CHANGES
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij enkel besluit…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, één of meer bestuurders” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, overdrachten en overgangen slechts uitwerking jegens vennootschap en derden vanaf inschrijving register aandeelhouders;certificaten…” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Erfgenamen en legatarissen niet van rechtswege aandeelhouder vragen toestemming met zelfde formaliteiten, elke overdracht onder levenden ten…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Ten minste vijftien dagen te rekenen van openstelling intekening, nieuwe aandelen eerst aan bestaande aandeelhouders naar evenredigheid…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Wednesday of November at 19:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Één of meerdere vereffenaars aanduiden bevoegdheden omlijnen vergoeding bepalen, bestuurder(s) in functie krachtens statuten indien geen…” (deed in Dutch)