GAMECHANGER
ActiveSummary
GAMECHANGER has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €456k and a net result of €118k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 85% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 7.91 against 8.53 in 2024; short-term debt: 12.5% and cash: 90.5% of total assets), and 12.5% of the assets are financed with debt.
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Signals
Four 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.5%
Return on assets
22.6%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
2 d early
2023
32 d early
2022
39 d early
2021
39 d early
2020
19 d early
2019
3 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€456k▲ 15.6%
2024 · €394k
Total assets
€521k▲ 16.9%
2024 · €446k
Net result
€118k▲ 15.7%
2024 · €102k
Working capital
€449k▲ 16.5%
2024 · €385k
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€127k▲ 51.9%€93k▼ 26.7%€99k▲ 5.6%€149k▲ 51.4%€173k▲ 16.1%
Net result€86k▲ 52.1%€63k▼ 27.0%€67k▲ 6.4%€102k▲ 52.6%€118k▲ 15.7%
Equity€447k▲ 23.8%€314k▼ 29.7%€317k▲ 0.7%€394k▲ 24.6%€456k▲ 15.6%
Total assets€479k▲ 25.8%€535k▲ 11.7%€393k▼ 26.5%€446k▲ 13.3%€521k▲ 16.9%
Debt€32k▲ 63.5%€221k▲ 598%€77k▼ 65.2%€51k▼ 33.3%€65k▲ 27.0%
Working capital€456k▲ 28.2%€305k▼ 33.0%€311k▲ 2.0%€385k▲ 23.6%€449k▲ 16.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €521k
Fixed assets
€7k ▼ 24.6%
Current assets
€514k ▲ 17.8%
Equity and liabilities €521k
Equity
€456k ▲ 15.6%
Debt
€65k ▲ 27.0%
Debt's share of the balance-sheet total rises from 11.5% to 12.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€176k▲
2024 · €152k
Cash flow
€120k▲
2024 · €104k
Current ratio
7.91▼
2024 · 8.53
Debt to equity
0.14▲
2024 · 0.13
ROE
25.9%▲
2024 · 25.8%
ROA
22.6%▼
2024 · 22.9%
Interest coverage
723.90▼
2024 · 1758.53
Debt ≤ 1 year
€65k▲
2024 · €51k
Income taxes
€56k▲
2024 · €48k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €3k | €2k | €2k | ▼ 5.9% |
| Other operating charges640/8 | €620 | €348 | €384 | €422 | €446 | ▲ 5.5% |
| Gross operating margin9900 | €129k | €95k | €102k | €152k | €176k | ▲ 15.7% |
| Operating profit (loss)9901 | €127k | €93k | €99k | €149k | €173k | ▲ 16.1% |
| Financial income75/76B | - | - | - | €883 | €525 | ▼ 40.6% |
| Recurring financial income75 | - | - | - | €883 | €525 | ▼ 40.6% |
| Financial charges65/66B | €155 | €154 | €164 | €86 | €243 | ▲ 181% |
| Recurring financial charges65 | €155 | €154 | €164 | €86 | €243 | ▲ 181% |
| Profit (loss) for the period before taxes9903 | €127k | €93k | €98k | €150k | €174k | ▲ 15.7% |
| Income taxes67/77 | €41k | €30k | €32k | €48k | €56k | ▲ 15.6% |
| Profit (loss) for the period9904 | €86k | €63k | €67k | €102k | €118k | ▲ 15.7% |
| Profit (loss) for the period to be appropriated9905 | €86k | €63k | €67k | €102k | €118k | ▲ 15.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €479k | €535k | €393k | €446k | €521k | ▲ 16.9% |
| Fixed assets21/28 | €8k | €11k | €11k | €9k | €7k | ▼ 24.6% |
| Tangible fixed assets22/27 | €3k | €6k | €6k | €5k | €2k | ▼ 48.7% |
| Furniture and vehicles24 | €3k | €6k | €6k | €5k | €2k | ▼ 48.7% |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €471k | €524k | €383k | €436k | €514k | ▲ 17.8% |
| Amounts receivable within one year40/41 | €79k | €35k | €31k | €46k | €42k | ▼ 6.9% |
| Trade receivables40 | €79k | €34k | €29k | €45k | €42k | ▼ 7.8% |
| Other amounts receivable41 | €877 | €1k | €2k | €284 | €666 | ▲ 134% |
| Cash at bank and in hand54/58 | €391k | €483k | €352k | €391k | €471k | ▲ 20.6% |
| Deferred charges and accrued income490/1 | - | €5k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €479k | €535k | €393k | €446k | €521k | ▲ 16.9% |
| Equity10/15 | €447k | €314k | €317k | €394k | €456k | ▲ 15.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €429k | €296k | €298k | €376k | €437k | ▲ 16.3% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €427k | €294k | €296k | €374k | €435k | ▲ 16.4% |
| Amounts payable17/49 | €32k | €221k | €77k | €51k | €65k | ▲ 27.0% |
| Amounts payable within one year42/48 | €15k | €218k | €71k | €51k | €65k | ▲ 27.0% |
| Trade debts44 | €331 | €47 | - | €17k | €557 | ▼ 96.6% |
| Suppliers440/4 | €331 | €47 | - | €17k | €557 | ▼ 96.6% |
| Taxes, remuneration and social security45 | €14k | €23k | €6k | €9k | €8k | ▼ 15.7% |
| Taxes450/3 | €11k | €21k | €6k | €9k | €8k | ▼ 15.7% |
| Remuneration and social security454/9 | €3k | €2k | - | - | - | - |
| Other amounts payable47/48 | - | €196k | €66k | €25k | €57k | ▲ 123% |
| Accrued charges and deferred income492/3 | €17k | €2k | €5k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86k | €63k | €67k | €102k | €118k | ▲ 15.7% |
| + Depreciation and write-downs630 | €1k | €1k | €3k | €2k | €2k | ▼ 5.9% |
| Operating cash flow (approximation) | €87k | €64k | €69k | €104k | €120k | ▲ 15.2% |
| Investment in fixed assets (approximation) | - | €-4k | €-2k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €92k | €-132k | €39k | €81k | ▲ 109% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Highest result since 2018net €118k ▲15.7%
Operating result €173k, net result €118k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 5.36
Current ratio from 2.40 to 5.36; short-term debt falls from €218k to €71k.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €24k ▼62.7%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 8current ratio 69.60
Current ratio from 8.81 to 69.60; short-term debt falls from €36k to €5k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Schaarbeek · 1 establishment unit since 2015
Ground area
681 m²
Building footprint
150 m²
Volume, LiDAR
2,249 m³
Parcel 21015A0413/00R000, Brussels · tallest building 20.4 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Eugène Demolderlaan 36, 1030 Schaarbeek
since 20152.241.971.193
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21015A0413/00R000 | Brussels | 681 m² | 1 · 150 m² | 20.4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 35,388 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 (pre-2019)
Founded28-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.