ACTIVE

MAKE A CHANGE

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Financial year 2025 · closed on 31/12/2025

Net result

2,7 k €

+115.3% YoY

Gross margin

15,3 k €

+295.6% YoY

Equity

59 k €

-9.1% YoY

What does MAKE A CHANGE do?

MAKE A CHANGE is a Private limited company incorporated in 2002. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Woluwe-Saint-Lambert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.402.119

Incorporation

24/09/2002

Legal form

Private limited company

Registered office

Avenue Hof ten Berg 67
1200 Woluwe-Saint-Lambert · BruxellesSee on map

Contributed capital

8 367,92 €

Latest accounts

31/12/2025

Activities (NACE)

69202Accounting, bookkeeping and auditing activities; tax consultancy· main 69209Accounting, bookkeeping and auditing activities; tax consultancy 74121Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	15,3 k €	+296%	-7,8 k €	-152%	15,2 k €	-26.3%	20,7 k €	+7.0%	19,3 k €	+376%	-7 k €	-122%	31,5 k €	-17.2%	38,1 k €	+22.8%	31 k €	+15.1%	26,9 k €	+343%	6,1 k €	-88.6%	53,4 k €	+129%	23,3 k €	+148%	9,4 k €	+192%	3,2 k €	+175%	-4,3 k €	-112%	35,8 k €	+327%	8,4 k €	-75.9%	34,7 k €
EBITDA	14,8 k €	+280%	-8,2 k €	-183%	9,9 k €	-50.5%	20,1 k €	+7.8%	18,6 k €	+345%	-7,6 k €	-125%	30,8 k €	-17.7%	37,4 k €	+24.3%	30,1 k €	+15.6%	26 k €	+402%	5,2 k €	-90.0%	51,8 k €	+143%	21,3 k €	+184%	7,5 k €	+273%	2 k €	+137%	-5,4 k €	-115%	35,3 k €	+356%	7,7 k €	-77.1%	33,8 k €
Operating result	3,3 k €	+118%	-18,7 k €	-12434%	-149,1 €	-101%	15,7 k €	-1.5%	15,9 k €	+246%	-10,9 k €	-140%	27 k €	-25.6%	36,3 k €	+30.4%	27,9 k €	+11.3%	25 k €	+488%	4,3 k €	-91.7%	51,2 k €	+146%	20,8 k €	+238%	6,2 k €	+6845%	88,6 €	+101%	-7,4 k €	-124%	30,4 k €	+816%	3,3 k €	-88.6%	29 k €
Net result	2,7 k €	+115%	-17,6 k €	-1250%	-1,3 k €	-111%	11,7 k €	-4.4%	12,2 k €	+210%	-11,1 k €	-155%	20,1 k €	-23.0%	26,1 k €	+16.8%	22,3 k €	+44.2%	15,5 k €	+297%	3,9 k €	-89.0%	35,5 k €	+146%	14,5 k €	+190%	5 k €	+3610%	134,4 €	+102%	-8 k €	-140%	20,1 k €	+1356%	1,4 k €	-93.2%	20,3 k €
Balance sheet
Equity	59 k €	-9.1%	64,9 k €	-31.4%	94,6 k €	-1.4%	95,9 k €	+13.8%	84,3 k €	-32.3%	124,5 k €	-8.2%	135,5 k €	+17.4%	115,4 k €	+42.2%	81,2 k €	+37.9%	58,9 k €	-29.4%	83,4 k €	+4.9%	79,5 k €	+80.8%	44 k €	+49.0%	29,5 k €	+20.3%	24,5 k €	+0.6%	24,4 k €	-24.6%	32,4 k €	+163%	12,3 k €	-80.5%	62,9 k €
Total assets	80,1 k €	-12.0%	91 k €	-28.5%	127,2 k €	+8.2%	117,5 k €	+16.6%	100,8 k €	-19.8%	125,8 k €	-17.1%	151,8 k €	+13.4%	133,9 k €	+20.4%	111,2 k €	+5.0%	105,9 k €	-17.3%	128,1 k €	+17.3%	109,1 k €	+78.8%	61 k €	+14.9%	53,1 k €	+29.6%	41 k €	-1.5%	41,6 k €	-38.5%	67,7 k €	-19.4%	84 k €	-1.4%	85,2 k €
Cash	31,5 k €	-26.5%	42,9 k €	-44.4%	77,1 k €	-10.4%	86,1 k €	-11.2%	96,9 k €	+56.2%	62,1 k €	-25.9%	83,8 k €	-2.8%	86,2 k €	+554%	13,2 k €	-64.6%	37,2 k €	-21.4%	47,4 k €	+11.5%	42,5 k €	+565%	6,4 k €	+27.4%	5 k €	+72.0%	2,9 k €	-88.9%	26,3 k €	-47.3%	50 k €	+79.0%	27,9 k €	-27.2%	38,4 k €
Debts	21,1 k €	-19.2%	26,1 k €	-19.9%	32,6 k €	+50.8%	21,6 k €	+30.5%	16,5 k €	+1133%	1,3 k €	-91.8%	16,3 k €	-6.9%	17,5 k €	-41.8%	30,1 k €	-36.2%	47,1 k €	+5.4%	44,7 k €	+50.6%	29,7 k €	+73.8%	17,1 k €	-27.7%	23,6 k €	+43.3%	16,5 k €	-4.4%	17,2 k €	-51.3%	35,3 k €	-50.7%	71,7 k €	+222%	22,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Serge VANDEVELDE

Manager · since 11 septembre 2002

Active

Ended mandates

Serge Vandevelde

Director · since 01 avril 2021

Ended

Raoul Vandevelde

Manager · since 01 décembre 2019

Ended

Serge Vandevelde

Director · since 11 septembre 2002

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/06/2026	07/06/2025	08/06/2024	08/06/2023	27/06/2022	22/06/2021
General meeting	29/05/2026	31/05/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	12/06/2026	French	PDF
Micro model	31/12/2024	31/05/2025	07/06/2025	French	PDF
Micro model	31/12/2023	31/05/2024	08/06/2024	French	PDF
Micro model	31/12/2022	31/05/2023	08/06/2023	French	PDF
Micro model	31/12/2021	31/05/2022	27/06/2022	French	PDF
Micro model	31/12/2020	31/05/2021	22/06/2021	French	PDF
Micro model	31/12/2019	02/06/2020	10/07/2020	French	PDF
Micro model	31/12/2018	04/06/2019	24/07/2019	French	PDF
Micro model	31/12/2017	05/06/2018	17/07/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	21/08/2017	French	PDF
Abridged model	31/12/2015	09/05/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	27/05/2015	26/08/2015	French	PDF
Abridged model	31/12/2013	28/05/2014	18/08/2014	French	PDF
Abridged model	31/12/2012	29/05/2013	20/08/2013	French	PDF
Abridged model	31/12/2011	30/05/2012	02/07/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	25/08/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	07/09/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	06/08/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	23/08/2008	French	PDF
Abridged model	31/12/2006	31/05/2007	27/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Serge VANDEVELDE

Manager · since 11 septembre 2002

Active

Ended mandates

Serge Vandevelde

Director · since 01 avril 2021

Ended

Raoul Vandevelde

Manager · since 01 décembre 2019

Ended

Serge Vandevelde

Director · since 11 septembre 2002

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/06/2023
MODIFICATION FORME JURIDIQUE - DENOMINATION
PDF
Mandates03/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates30/06/2020
DEMISSIONS, NOMINATIONS
PDF
Registered office30/01/2018
SIEGE SOCIAL
PDF
Other25/04/2006
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office14/12/2004
SIEGE SOCIAL
PDF
Registered office23/03/2004
MAATSCHAPPELIJKE ZETEL
PDF
Other01/10/2002
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20252,7 k €↑
2024
Annual accounts 2024-17,6 k €↓
2023
Annual accounts 2023-1,3 k €↓
2023
Name changeMAKE A CHANGE
2022
Annual accounts 202211,7 k €↓
2021
Annual accounts 202112,2 k €↑
2021
Name changeAco-BISS
2019
Annual accounts 2019-11,1 k €↓
2018
Annual accounts 201820,1 k €↓
2017
Annual accounts 201726,1 k €↑
2016
Annual accounts 201622,3 k €↑
2015
Annual accounts 201515,5 k €↑
2014
Annual accounts 20143,9 k €↓
2013
Annual accounts 201335,5 k €↑
2012
Annual accounts 201214,5 k €↑
2011
Annual accounts 20115 k €↑
2010
Annual accounts 2010134,4 €↑
2009
Annual accounts 2009-8 k €↓
2008
Annual accounts 200820,1 k €↑
2007
Annual accounts 20071,4 k €↓
2006
Annual accounts 200620,3 k €
24/09/2002
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MAKE A CHANGE

Overview

What does MAKE A CHANGE do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline