Summary
LEAD2CHANGE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €42,675 and a net result of €77,624. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 9,725 sector peers (NACE 64, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
€104,617total assets 2025
- Equity
- €42,675
- Profit
- €77,624
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
2025 accounts 14 days early1 deed in the Belgian Official Gazette
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
14 days early
2024
44 days early
2023
42 days early
2022
40 days early
2021
95 days early
2020
47 days early
2019
50 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 47 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
Equity
€42,675▼ 60.3%
2024 · €107,404
Net result
€77,624▼ 11.0%
2024 · €87,175
Total assets
€104,617▼ 13.1%
2024 · €120,394
Solvency
40.8%▼ 48.4pp
2024 · 89.2%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 11% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€103,505
2025
Net result€77,624
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€104,617
2025
Equity€42,675
2025
Debt€61,942
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€12,344
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)74.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency40.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.20
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€1,628-€23,063€85,022▲ 269%€107,447▲ 26.4%€135,411▲ 26.0%€115,773▼ 14.5%€103,505▼ 10.6%
Net result-€1,162-€18,485within the sector's middle half€68,348within the sector's middle half▲ 270%€84,923above the sector's middle half▲ 24.3%€101,035above the sector's middle half▲ 19.0%€87,175above the sector's middle half▼ 13.7%€77,624within the sector's middle half▼ 11.0%
Equity€11,238-€29,723below the sector's middle half▲ 164%€98,071within the sector's middle half▲ 230%€39,194below the sector's middle half▼ 60.0%€140,229within the sector's middle half▲ 258%€107,404within the sector's middle half▼ 23.4%€42,675within the sector's middle half▼ 60.3%
Total assets€20,291-€37,924below the sector's middle half▲ 86.9%€132,971within the sector's middle half▲ 251%€223,866within the sector's middle half▲ 68.4%€159,055within the sector's middle half▼ 29.0%€120,394below the sector's middle half▼ 24.3%€104,617below the sector's middle half▼ 13.1%
Debt€9,052-€8,200▼ 9.4%€34,900▲ 326%€184,672▲ 429%€18,826▼ 89.8%€12,990▼ 31.0%€61,942▲ 377%
Working capital€10,846-€29,723within the sector's middle half▲ 174%€90,648within the sector's middle half▲ 205%€31,462within the sector's middle half▼ 65.3%€132,229within the sector's middle half▲ 320%€67,432within the sector's middle half▼ 49.0%€12,344within the sector's middle half▼ 81.7%
Solvency55.4%-78.4%above the sector's middle half▲ 23.0pp73.8%within the sector's middle half▼ 4.6pp17.5%below the sector's middle half▼ 56.2pp88.2%above the sector's middle half▲ 70.7pp89.2%above the sector's middle half▲ 1.0pp40.8%within the sector's middle half▼ 48.4pp
Current ratio2.20-4.62above the sector's middle half▲ 2.433.61within the sector's middle half▼ 1.021.17within the sector's middle half▼ 2.448.02above the sector's middle half▲ 6.856.19above the sector's middle half▼ 1.831.20within the sector's middle half▼ 4.99
Return on assets (ROA)-5.7%-48.7%above the sector's middle half▲ 54.5pp51.4%above the sector's middle half▲ 2.7pp37.9%above the sector's middle half▼ 13.5pp63.5%above the sector's middle half▲ 25.6pp72.4%above the sector's middle half▲ 8.9pp74.2%above the sector's middle half▲ 1.8pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104,617
Fixed assets
€30,331 ▼ 24.1%
Current assets
€74,286 ▼ 7.6%
Equity and liabilities €104,617
Equity
€42,675 ▼ 60.3%
Debt
€61,942 ▲ 377%
Debt's share of the balance-sheet total rises from 10.8% to 59.2%. Equity is lower and debt is higher.
Key figures and ratios
ROE
181.9%▲
2024 · 81.2%
Debt ≤ 1 year
€61,942▲
2024 · €12,990
Income taxes
€26,564▼
2024 · €29,615
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €785 | €393 | €2 | €895 | €1,300 | €4,659 | €10,765 | ▲ 131% |
| Other operating charges640/8 | - | - | €449 | €500 | €493 | €563 | €861 | ▲ 52.9% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €148 | - |
| Gross operating margin9900 | €29,984 | €23,388 | €85,473 | €108,841 | €137,205 | €120,996 | €115,280 | ▼ 4.7% |
| Operating profit (loss)9901 | -€1,628 | €23,063 | €85,022 | €107,447 | €135,411 | €115,773 | €103,505 | ▼ 10.6% |
| Financial income75/76B | - | - | - | €13 | €0 | €1,047 | €761 | ▼ 27.3% |
| Recurring financial income75 | €498 | - | - | €13 | €0 | €1,047 | €761 | ▼ 27.3% |
| Financial charges65/66B | - | - | €54 | €173 | €84 | €30 | €79 | ▲ 161% |
| Recurring financial charges65 | €32 | €42 | €54 | €173 | €84 | €30 | €79 | ▲ 161% |
| Profit (loss) for the period before taxes9903 | -€1,162 | €23,020 | €84,968 | €107,286 | €135,327 | €116,790 | €104,188 | ▼ 10.8% |
| Income taxes67/77 | - | €4,536 | €16,620 | €22,363 | €34,292 | €29,615 | €26,564 | ▼ 10.3% |
| Profit (loss) for the period9904 | -€1,162 | €18,485 | €68,348 | €84,923 | €101,035 | €87,175 | €77,624 | ▼ 11.0% |
| Profit (loss) for the period to be appropriated9905 | -€1,162 | €18,485 | €68,348 | €84,923 | €101,035 | €87,175 | €77,624 | ▼ 11.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €20,291 | €37,924 | €132,971 | €223,866 | €159,055 | €120,394 | €104,617 | ▼ 13.1% |
| Fixed assets21/28 | €393 | - | €7,573 | €7,732 | €8,001 | €39,972 | €30,331 | ▼ 24.1% |
| Tangible fixed assets22/27 | €393 | - | €7,573 | €7,732 | €8,001 | €39,972 | €30,331 | ▼ 24.1% |
| Plant, machinery and equipment23 | - | - | - | €916 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €1,943 | €34,672 | €25,788 | ▼ 25.6% |
| Other tangible fixed assets26 | - | - | €7,573 | €6,815 | €6,058 | €5,300 | €4,543 | ▼ 14.3% |
| Current assets29/58 | €19,898 | €37,924 | €125,398 | €216,134 | €151,055 | €80,422 | €74,286 | ▼ 7.6% |
| Amounts receivable within one year40/41 | €13,737 | €15,258 | €16,578 | €14,145 | €17,747 | €20,285 | €23,380 | ▲ 15.3% |
| Trade receivables40 | - | - | €16,578 | €14,145 | €17,747 | €19,586 | €19,203 | ▼ 2.0% |
| Other amounts receivable41 | - | - | - | - | - | €699 | €4,177 | ▲ 497% |
| Cash at bank and in hand54/58 | €6,161 | €22,666 | €106,989 | €201,989 | €133,000 | €59,946 | €49,808 | ▼ 16.9% |
| Deferred charges and accrued income490/1 | - | - | €1,831 | €0 | €308 | €191 | €1,098 | ▲ 475% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €20,291 | €37,924 | €132,971 | €223,866 | €159,055 | €120,394 | €104,617 | ▼ 13.1% |
| Equity10/15 | €11,238 | €29,723 | €98,071 | €39,194 | €140,229 | €107,404 | €42,675 | ▼ 60.3% |
| Contributions10/11 | €12,400 | - | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | €17,323 | €85,671 | €20,594 | €121,629 | €88,804 | €24,075 | ▼ 72.9% |
| Distributable reserves133 | - | - | €85,671 | €20,594 | €121,629 | €88,804 | €24,075 | ▼ 72.9% |
| Profit (loss) carried forward14 | -€1,162 | - | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €9,052 | €8,200 | €34,900 | €184,672 | €18,826 | €12,990 | €61,942 | ▲ 377% |
| Amounts payable within one year42/48 | €9,052 | €8,200 | €34,750 | €184,672 | €18,826 | €12,990 | €61,942 | ▲ 377% |
| Trade debts44 | €252 | €624 | €12,326 | €18,752 | €251 | €1,491 | €1,430 | ▼ 4.1% |
| Suppliers440/4 | - | - | €12,326 | €18,752 | €251 | €1,491 | €1,430 | ▼ 4.1% |
| Taxes, remuneration and social security45 | - | - | €22,425 | €38,413 | €18,499 | €11,423 | €8,849 | ▼ 22.5% |
| Taxes450/3 | - | - | €22,425 | €38,413 | €18,499 | €11,248 | €8,827 | ▼ 21.5% |
| Remuneration and social security454/9 | - | - | - | - | - | €175 | €22 | ▼ 87.5% |
| Other amounts payable47/48 | - | - | - | €127,506 | €76 | €76 | €51,663 | ▲ 681× |
| Accrued charges and deferred income492/3 | - | - | €150 | €0 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,162 | €18,485 | €68,348 | €84,923 | €101,035 | €87,175 | €77,624 | ▼ 11.0% |
| + Depreciation and write-downs630 | €785 | €393 | €2 | €895 | €1,300 | €4,659 | €10,765 | ▲ 131% |
| Operating cash flow (approximation) | -€377 | €18,877 | €68,350 | €85,818 | €102,335 | €91,834 | €88,389 | ▼ 3.8% |
| Investment in fixed assets (approximation) | - | - | - | -€1,053 | -€1,569 | -€36,631 | -€1,124 | ▲ 96.9% |
| Change in cash | - | €16,505 | €84,324 | €95,000 | -€68,989 | -€73,054 | -€10,138 | ▲ 86.1% |
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 (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 17-07-2026 | 2026-00323671 |
| 31-12-2024 | micro format | 17-06-2025 | 2025-00145749 |
| 31-12-2023 | micro format | 19-06-2024 | 2024-00141915 |
| 31-12-2022 | micro format | 21-06-2023 | 2023-00144292 |
| 31-12-2021 | micro format | 27-04-2022 | 2022-20010036 |
| 31-12-2020 | micro format | 14-06-2021 | 2021-19600101 |
| 31-12-2019 | micro format | 11-06-2020 | 2020-16100249 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,994. 10,103 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2023 · 1 entry · €1,658 awarded · €1,658 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
17-06
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
19-06
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
31-12
Financial
Highest result from 2019 to 2025net €101,035 ▲19%
Operating result €135,411, net result €101,035, both a record.
31-12
Financial
Liquidity more than 6 timescurrent ratio 8.02
Current ratio from 1.17 to 8.02; short-term debt falls from €184,672 to €18,826.
31-12
Financial
Equity above €100,000equity €140,229 ▲258%
4 profitable years in a row build equity to €140,229.
21-06
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
27-04
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
14-06
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Back to profitnet €18,485
Net result €18,485 after one loss-making year.
31-12
Financial
Liquidity more than doubledcurrent ratio 4.62
Current ratio from 2.20 to 4.62; short-term debt falls from €9,052 to €8,200.
11-06
NBB filing
Annual accounts filed
financial year 2019 · micro format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 1 deed read
About the unread acts
We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded09-02-2018
Financial year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0689998513
Registered
07-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2018
Ground area
1,178 m²
Building footprint
211 m²
Building volume
1,015 m³
Parcel 11056B0325/00E000, Flanders · tallest building 6.5 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LEAD2CHANGE
since 2018unit no. 2.273.427.305
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11056B0325/00E000 | Flanders | 1,178 m² | 1 · 211 m² | 6.5 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.