SEACHANGE
ActiveSEACHANGE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €269k and a net result of €45k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 50% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▼-1
Solvency83▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 7.52 against 5.32 in 2023; short-term debt: 7.2% and cash: 9.1% of total assets), and 41.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
30 d early
2022
14 d early
2021
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€269k▲ 15.8%
2023 · €232k
2021: €153k
2022: €211k
2023: €232k
2021 → 2024
Total assets
€462k▲ 3.7%
2023 · €446k
2021: €424k
2022: €437k
2023: €446k
2021 → 2024
Net result
€45k▼ 8.6%
2023 · €49k
2021: €52k
2022: €59k
2023: €49k
2021 → 2024
Working capital
€217k▲ 19.3%
2023 · €182k
2021: €91k
2022: €132k
2023: €182k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€153k-€211k▲ 38.4%€232k▲ 10.0%€269k▲ 15.8%
Operating result€79k-€85k▲ 6.7%€71k▼ 16.4%€63k▼ 10.9%
Net result€52k-€59k▲ 11.5%€49k▼ 16.7%€45k▼ 8.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 11% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €462k
Fixed assets
€212k▼ 4.4%
Current assets
€250k▲ 11.8%
Equity and liabilities €462k
Equity
€269k▲ 15.8%
Debt
€193k▼ 9.4%
The debt ratio falls from 47.9% to 41.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86k▼
2023 · €92k
Cash flow
€68k▼
2023 · €70k
Solvency
58.2%▲
2023 · 52.1%
Current ratio
7.52▲
2023 · 5.32
Quick ratio
7.52▲
2023 · 5.32
Debt / equity
0.72▼
2023 · 0.92
ROE
16.6%▼
2023 · 21.0%
ROA
9.6%▼
2023 · 10.9%
Interest coverage
31.80▼
2023 · 32.08
Debt
€193k▼
2023 · €214k
Debt ≤ 1 year
€33k▼
2023 · €42k
Debt > 1 year
€160k▼
2023 · €171k
Income taxes
€18k▼
2023 · €19k
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€446k€462k▲
Fixed assets21/28€222k€212k▼
Tangible fixed assets22/27€222k€212k▼
Land and buildings22€166k€154k▼
Plant, machinery and equipment23€4k€4k▲
Furniture and vehicles24€1k€6k▲
Other tangible fixed assets26€51k€48k▼
Current assets29/58€224k€250k▲
Amounts receivable within one year40/41€47k€24k▼
Trade receivables40€44k€19k▼
Other amounts receivable41€2k€5k▲
Current investments50/53€21k€166k▲
Cash at bank and in hand54/58€137k€42k▼
Deferred charges and accrued income490/1€20k€19k▼
Equity and liabilities
Total equity and liabilities10/49€446k€462k▲
Equity10/15€232k€269k▲
Contributions10/11€3k€3k=
Reserves13€230k€266k▲
Distributable reserves133€230k€266k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€214k€193k▼
Amounts payable after more than one year17€171k€160k▼
Financial debts170/4€171k€160k▼
Amounts payable within one year42/48€42k€33k▼
Current portion of amounts payable after more than one year42€14k€14k▲
Trade debts44€9k€4k▼
Suppliers440/4€9k€4k▼
Taxes, remuneration and social security45€14k€15k▲
Taxes450/3€14k€15k▲
Remuneration and social security454/9€50€0▼
Other amounts payable47/48€5k€0▼
Income statement
Code20232024
Non-recurring operating income76A€9k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€23k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€721€2k▲
Gross operating margin9900€94k€90k▼
Operating profit (loss)9901€71k€63k▼
Financial income75/76B€129€2k▲
Recurring financial income75€129€2k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€68k€63k▼
Income taxes67/77€19k€18k▼
Profit (loss) for the period9904€49k€45k▼
Profit (loss) for the period to be appropriated9905€49k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€45k▼
Transfer from equity791/2€23k€8k▼
Transfer to equity691/2€44k€45k▲
To other reserves6921€44k€45k▲
Profit to be distributed694/7€28k€8k▼
Return on contributions (dividend)694€28k€8k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €45k ▼8.6%
Net result drops to €45k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €59k ▲11.5%
Operating result €85k, net result €59k, both a record.
31-12
Financial
Equity above €200kEq €211k ▲38.4%
2 profitable years in a row build equity to €211k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Niklaas · 1 establishment unit since 2015
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.
Hoge Bokstraat 1559111 Sint-NiklaasGround area
512 m²
Building footprint
91 m²
Volume, LiDAR
614 m³
Parcel 46002B0981/00L000, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Hoge Bokstraat 155, 9111 Sint-Niklaas
since 20152.247.382.310
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002B0981/00L000 | Flanders | 512 m² | 1 · 91 m² | 10.1 m · 3 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.
Similar companies · same sector, comparable size
NOVADEM
BE 0537.219.553
Izegem · Eq €269k
Strat&Fin
BE 0560.691.078
Rixensart · Eq €269k
VISACON
BE 0749.447.338
Pajottegem · Eq €269k
P & E NET
BE 0479.653.419
Pepingen · Eq €269k
JMi ONConsulting
BE 0846.104.175
Watermaal-Bosvoorde · Eq €269k
Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 38,649 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-11-2015
Fiscal year end31-12
Abbreviation NL
C-CHANGE
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
56210Event catering
82300Organisation of conventions and trade shows
90021Arts creation and performing arts activities
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.