BUSINESS & CHANGE
ActiveSummary
The annual accounts of BUSINESS & CHANGE for fiscal year 2025 show a net loss of 122% of total assets and of 55% of the equity at the start of that year. The 2025 annual accounts show equity of €71k and a net result of €-86k. Equity is shrinking by ~15.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 95% of 31694 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-68
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
cash: 0.3% of total assets, and 0% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
100%
Return on assets
-122.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-86k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
1 d early
2023
23 d late
2022
4 d early
2021
12 d late
2020
31 d late
2019
32 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€-86k▼ 7,075%
2024 · €-1k
2018: €403k
2019: €7k
2020: €9k
2021: €16k
2022: €-162k
2023: €13k
2024: €-1k
2018 → 2025
Working capital
€334k▼ 0.7%
2022 · €336k
2018: €493k
2019: €501k
2020: €485k
2021: €496k
2022: €336k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0
Equity€539k-€367k▼ 32.0%€344k▼ 6.1%€157k▼ 54.3%€71k▼ 55.0%
Operating result€26k-€-147k€19k€-1k€-87k▼ 6,084%
Net result€16k-€-162k€13k€-1k€-86k▼ 7,075%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €87k in 2025 against €1k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71k
Fixed assets
€3k ▼ 52.4%
Current assets
€67k ▼ 55.1%
Key figures and ratios
EBITDA
€-83k▼
2024 · €2k
Cash flow
€-83k▼
2024 · €2k
Solvency
100.0%=
2024 · 100.0%
ROE
-122.3%▼
2024 · -0.8%
ROA
-122.3%▼
2024 · -0.8%
Interest coverage
-596.56▼
2024 · 76.83
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€157k€71k▼
Fixed assets21/28€7k€3k▼
Tangible fixed assets22/27€7k€3k▼
Furniture and vehicles24€1k€757▼
Other tangible fixed assets26€6k€2k▼
Current assets29/58€150k€67k▼
Amounts receivable after more than one year29€53k€53k▲
Other amounts receivable291€53k€53k▲
Amounts receivable within one year40/41€13k€14k▲
Other amounts receivable41€13k€14k▲
Current investments50/53€83k€0▼
Cash at bank and in hand54/58€1k€237▼
Equity and liabilities
Total equity and liabilities10/49€157k€71k▼
Equity10/15€157k€71k▼
Contributions10/11€8k€8k=
Reserves13€95k€63k▼
Distributable reserves133€95k€63k▼
Profit (loss) carried forward14€54k€0▼
Income statement
Code20242025
Turnover70-€0
Goods, raw materials, services and sundry goods60/61-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€83k
Gross operating margin9900€2k€-5▼
Operating profit (loss)9901€-1k€-87k▼
Financial income75/76B€227€420▲
Recurring financial income75€227€420▲
Financial charges65/66B€30€140▲
Recurring financial charges65€30€140▲
Profit (loss) for the period before taxes9903€-1k€-86k▼
Profit (loss) for the period9904€-1k€-86k▼
Profit (loss) for the period to be appropriated9905€-1k€-86k▼
Appropriation of the result
Profit (loss) to be appropriated9906€54k€-33k▼
Profit (loss) brought forward from the previous period14P€55k€54k▼
Transfer from equity791/2€186k€33k▼
Profit to be distributed694/7€186k€0▼
Return on contributions (dividend)694€186k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 87.25
Current ratio from 26.62 to 87.25; short-term debt falls from €13k to €4k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-162k ▼1116%
Net result drops to €-162k, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
31-12
Financial
Liquidity times 6current ratio 14.94
Current ratio from 2.60 to 14.94; short-term debt falls from €308k to €36k.
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Hannut · 1 establishment unit since 2013
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.
Rue de la Croisette 394280 HannutGround area
2,504 m²
Building footprint
236 m²
Volume, LiDAR
2,923 m³
2 parcels, Wallonia · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Business & Change Consulting
since 20132.224.130.024
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64020A0159/00R002 | Wallonia | 1,254 m² | 1 · 122 m² | 8.6 m · 2 fl. |
| 64009A0472/00A003 | Wallonia | 1,250 m² | 1 · 114 m² | 12.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
Grimaudet
BE 0792.189.595
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PGMV
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Kortrijk · Eq €70,683
MIC 3
BE 0759.982.924
Sint-Truiden · Eq €70,698
FABIAN MASSET CONSULTING
BE 0650.759.835
Mettet · Eq €70,671
WAREMME DEVELOPPEMENT PROMOTION
BE 0841.371.268
Watermaal-Bosvoorde · Eq €70,706
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 39,682 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68121Development of residential building projects
43230Insulation installation
43240Other construction installation
73300Public relations and communication consultancy
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.