Passion4Change

Active

Private limited companyfounded 20179 yrs activeBosstraat 3, 2570 Duffel, BelgiumKBO/BCE: BE 0669.580.904

Passion4Change has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €35k and a net result of €24k. Equity is shrinking by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2024

92 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency100▲+59

Growth58=

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity ample (current ratio 5.0 against 1.16 in 2023; short-term debt: 19.5% and cash: 28% of total assets), and 19.5% 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

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

−lowers risk○neutral

Lower-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

not confirmed

2024

42 d early

2023

on the day

2022

25 d early

2021

27 d early

2020

30 d early

2019

29 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€35k▲ 223%

2023 · €11k

2018: €42k 2019: €82k 2020: €109k 2021: €81k 2022: €65k 2023: €11k

2018 → 2024

Total assets

€43k▼ 35.6%

2023 · €67k

2018: €50k 2019: €96k 2020: €174k 2021: €89k 2022: €72k 2023: €67k

2018 → 2024

Net result

€24k▼ 57.0%

2023 · €56k

2018: €20k 2019: €40k 2020: €81k 2021: €52k 2022: €54k 2023: €56k

2018 → 2024

Working capital

€34k▲ 268%

2023 · €9k

2018: €42k 2019: €81k 2020: €109k 2021: €81k 2022: €65k 2023: €9k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€109k-€81k▼ 25.8%€65k▼ 19.4%€11k▼ 83.5%€35k▲ 223%

Operating result€103k-€67k▼ 35.1%€70k▲ 4.7%€71k▲ 2.3%€32k▼ 55.5%

Net result€81k-€52k▼ 36.0%€54k▲ 4.8%€56k▲ 2.4%€24k▼ 57.0%

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

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 56% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €43k

97.6%

Fixed assets €1k▼ 36.5%

Current assets €42k▼ 35.6%

Equity and liabilities €43k

80.5%

19.5%

Equity €35k▲ 223%

Debt €8k▼ 85.0%

The debt ratio falls from 84.0% to 19.5%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€32k▼

2023 · €71k

Cash flow

€24k▼

2023 · €56k

Solvency

80.5%▲

2023 · 16.0%

Current ratio

5.00▲

2023 · 1.16

Quick ratio

5.00▲

2023 · 1.16

Debt / equity

0.24▼

2023 · 5.23

ROE

69.0%▼

2023 · 518.7%

ROA

55.6%▼

2023 · 83.2%

Interest coverage

37.61▼

2023 · 70.51

Debt

€8k▼

2023 · €56k

Debt ≤ 1 year

€8k▼

2023 · €56k

Income taxes

€7k▼

2023 · €15k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€67k€43k▼

Fixed assets21/28€2k€1k▼

Tangible fixed assets22/27€2k€1k▼

Plant, machinery and equipment23€2k€1k▼

Current assets29/58€65k€42k▼

Amounts receivable within one year40/41€34k€29k▼

Trade receivables40€30k€25k▼

Other amounts receivable41€4k€4k▲

Cash at bank and in hand54/58€30k€12k▼

Deferred charges and accrued income490/1€841€577▼

Equity and liabilities

Total equity and liabilities10/49€67k€43k▼

Equity10/15€11k€35k▲

Contributions10/11€3k€3k=

Reserves13€8k€32k▲

Distributable reserves133€8k€32k▲

Profit (loss) carried forward14€0€0=

Amounts payable17/49€56k€8k▼

Amounts payable within one year42/48€56k€8k▼

Trade debts44€902€607▼

Suppliers440/4€902€607▼

Taxes, remuneration and social security45€4k€6k▲

Taxes450/3€4k€6k▲

Other amounts payable47/48€51k€2k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€152€583▲

Other operating charges640/8€868€902▲

Gross operating margin9900€72k€33k▼

Operating profit (loss)9901€71k€32k▼

Financial income75/76B€0€4▲

Recurring financial income75€0€4▲

Financial charges65/66B€1k€859▼

Recurring financial charges65€1k€859▼

Profit (loss) for the period before taxes9903€70k€31k▼

Income taxes67/77€15k€7k▼

Profit (loss) for the period9904€56k€24k▼

Profit (loss) for the period to be appropriated9905€56k€24k▼

Appropriation of the result

Profit (loss) to be appropriated9906€56k€24k▼

Transfer from equity791/2€60k€0▼

Transfer to equity691/2€6k€24k▲

To other reserves6921€6k€24k▲

Profit to be distributed694/7€110k€0▼

Return on contributions (dividend)694€110k€0▼

The notes to these accounts (5 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 12Financial 4Filings 8

2025

19-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Liquidity quadruplescurrent ratio 5.00

Current ratio from 1.16 to 5.00; short-term debt falls from €56k to €8k.

31-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

06-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

04-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Liquidity quadruplescurrent ratio 11.43

Current ratio from 2.66 to 11.43; short-term debt falls from €65k to €8k.

01-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Highest result since 2018net €81k ▲105%

Operating result €103k, net result €81k, both a record.

31-12

Financial Equity above €100kEq €109k ▲33.3%

3 profitable years in a row build equity to €109k.

02-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

27-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

05-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Duffel · 1 establishment unit since 2017

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.

Bosstraat 32570 Duffel

Ground area

812 m²

Building footprint

179 m²

Volume, LiDAR

1,130 m³

Parcel 12009E0026/02S000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Passion4Change

Bosstraat 3, 2570 DuffelComputing infrastructure, data processing, hosting and other information service activities

since 20172.260.454.247

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12009E0026/02S000	Flanders	812 m²	1 · 179 m²	9.6 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

2023 to 2025 · 2 entries · 1,769 EUR awarded · 1,769 EUR paid

Year	Entries	awarded	paid
2025	1	75 EUR	75 EUR
2023	1	1,694 EUR	1,694 EUR

Schemes

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

2 entries · 1,769 EUR · 1,769 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Heist-op-den-Berg · Eq €35k

Zorai Intergalactic Enterprise

Chapelle-lez-Herlaimont · Eq €35k

Of 16,887 companies in sector 62100 we hold annual accounts for 8,777. 6,517 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded13-01-2017

Fiscal year end31-12

Activities, NACEBEL

62010Computer programming, consultancy and related activities

62100Computer programming

63920Other information service activities

63990Computing infrastructure, data processing, hosting and other information service activities

70200Business and other management consultancy

70220Business consulting

82300Organisation of conventions and trade shows

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.