ACTIVE

CHANGE IT

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Financial year 2025 · closed on 31/12/2025

Net result

20,3 k €

+22.3% YoY

Gross margin

58,4 k €

+9.9% YoY

Equity

220,3 k €

+5.6% YoY

Workforce

0,0 ETP

What does CHANGE IT do?

CHANGE IT is a Private limited company incorporated in 2003. Its main activity is: Computer consultancy activities. Its registered office is in Merelbeke-Melle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.226.025

Incorporation

09/01/2003

Legal form

Private limited company

Registered office

Gentbos 10
9820 Merelbeke-Melle · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	58,4 k €	+9.9%	53,1 k €	-0.8%	53,5 k €	-21.5%	68,2 k €	-28.4%	95,2 k €	+17.5%	81 k €	+15.6%	70,1 k €	-3.6%	72,7 k €	-0.6%	73,1 k €	+15.5%	63,3 k €	-5.6%	67,1 k €	-16.2%	80 k €	-10.0%	89 k €	-17.7%	108,1 k €	-32.1%	159,1 k €	+81.1%	87,9 k €	-25.9%	118,5 k €	-33.9%	179,4 k €	+50.5%	119,2 k €	+45.2%	82,1 k €
EBITDA	54,3 k €	+11.7%	48,6 k €	-0.5%	48,9 k €	-25.0%	65,1 k €	-27.8%	90,2 k €	+17.0%	77,1 k €	+14.8%	67,1 k €	-4.1%	70 k €	+0.1%	69,9 k €	+20.3%	58,1 k €	-13.4%	67,1 k €	+35.5%	49,5 k €	-13.2%	57 k €	-28.7%	80 k €	-38.7%	130,5 k €	+163%	49,5 k €	-49.3%	97,8 k €	-43.0%	171,7 k €	+52.9%	112,3 k €	+37.9%	81,4 k €
Operating result	27,3 k €	+19.8%	22,8 k €	+3.3%	22 k €	-46.1%	40,9 k €	-24.6%	54,2 k €	+61.2%	33,6 k €	+88.9%	17,8 k €	+13.8%	15,6 k €	+83.3%	8,5 k €	+1.7%	8,4 k €	-53.0%	17,9 k €	+195%	-18,7 k €	-66.4%	-11,3 k €	-193%	12,1 k €	-81.8%	66,3 k €	+625%	-12,6 k €	-147%	26,7 k €	-75.5%	108,9 k €	+55.9%	69,9 k €	+28.8%	54,2 k €
Net result	20,3 k €	+22.3%	16,6 k €	-13.2%	19,1 k €	-30.9%	27,6 k €	-31.5%	40,3 k €	+74.3%	23,1 k €	+171%	8,5 k €	+6.7%	8 k €	+1702%	443,8 €	+164%	168,1 €	-97.5%	6,6 k €	+121%	-32 k €	-22.0%	-26,2 k €	-114%	-12,3 k €	-133%	37 k €	+225%	-29,7 k €	-477%	7,9 k €	-89.0%	71,3 k €	+36.9%	52,1 k €	+69.2%	30,8 k €
Balance sheet
Equity	220,3 k €	+5.6%	208,6 k €	+0.7%	207,2 k €	+10.1%	188,1 k €	+17.2%	160,5 k €	+33.5%	120,2 k €	+23.8%	97,1 k €	+9.6%	88,6 k €	+8.8%	81,4 k €	-0.2%	81,6 k €	+0.2%	81,4 k €	+8.8%	74,8 k €	-29.9%	106,8 k €	-19.7%	133 k €	-8.4%	145,3 k €	+34.2%	108,2 k €	-22.9%	140,3 k €	+4.0%	134,9 k €	+27.3%	105,9 k €	+19.2%	88,8 k €
Total assets	715,5 k €	+105%	349,1 k €	-17.7%	424,1 k €	+8.4%	391,3 k €	+3.2%	379,3 k €	+1.5%	373,5 k €	+79.1%	208,6 k €	-15.3%	246,4 k €	-12.7%	282,2 k €	+5.2%	268,2 k €	-0.8%	270,5 k €	-18.2%	330,7 k €	-15.6%	391,8 k €	-17.3%	473,7 k €	-11.8%	536,9 k €	-7.9%	582,7 k €	-9.9%	646,5 k €	-10.8%	724,4 k €	+42.2%	509,6 k €	+21.0%	421,3 k €
Cash	120,9 k €	+534%	19,1 k €	-8.0%	20,7 k €	-44.4%	37,3 k €	+82.1%	20,5 k €	+104%	10 k €		–		2 k €		–		12 k €	-13.1%	13,8 k €	-4.2%	14,4 k €		–		11,7 k €	-30.6%	16,9 k €	-45.6%	31,1 k €	+25.6%	24,7 k €	+54.2%	16 k €	+50.9%	10,6 k €	-82.0%	58,9 k €
Debts	489,3 k €	+250%	139,9 k €	-34.9%	214,9 k €	+5.7%	203,2 k €	-6.3%	216,9 k €	-14.0%	252,1 k €	+128%	110,3 k €	-29.4%	156,3 k €	-21.4%	198,9 k €	+7.0%	185,9 k €	-0.6%	187,1 k €	-26.3%	254 k €	-10.4%	283,5 k €	-16.2%	338,4 k €	-12.9%	388,6 k €	-17.5%	471,3 k €	-6.1%	502 k €	-14.7%	588,4 k €	+45.8%	403,5 k €	+21.4%	332,3 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		0,0 ETP		–		–		–		–		–		–		0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	-50.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Benedikte Verdonck

Director · since 18 août 2021

Active

Bert Vandenbussche

Director · since 09 janvier 2003

Active

Ended mandates

Bert Vandenbussche

Manager · since 09 janvier 2003

Ended

Bert Vandenbussche

Director

Ended

Bert Vandenbussche

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
POPAY CORPORATE● Active	0866.523.170

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	16/07/2026	18/06/2025	30/07/2024	18/07/2023	17/08/2022	23/06/2021
General meeting	30/06/2026	06/06/2025	28/06/2024	30/06/2023	30/06/2022	12/06/2021
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
Abridged model	31/12/2025	30/06/2026	16/07/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	18/06/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	18/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	17/08/2022	Dutch	PDF
Micro model	31/12/2020	12/06/2021	23/06/2021	Dutch	PDF
Micro model	31/12/2019	13/06/2020	03/07/2020	Dutch	PDF
Micro model	31/12/2018	08/06/2019	03/07/2019	Dutch	PDF
Micro model	31/12/2017	09/06/2018	03/07/2018	Dutch	PDF
Micro model	31/12/2016	10/06/2017	10/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	25/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	13/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	14/07/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	23/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	27/07/2012	Dutch	PDF
Abridged model	31/12/2010	11/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	13/10/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	13/08/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	18/07/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	23/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 2 active · 3 ended

Active mandates

Benedikte Verdonck

Director · since 18 août 2021

Active

Bert Vandenbussche

Director · since 09 janvier 2003

Active

Ended mandates

Bert Vandenbussche

Manager · since 09 janvier 2003

Ended

Bert Vandenbussche

Director

Ended

Bert Vandenbussche

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/08/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office13/08/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/10/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other17/01/2003
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 202520,3 k €↑
2024
Annual accounts 202416,6 k €↓
2023
Annual accounts 202319,1 k €↓
2022
Annual accounts 202227,6 k €↓
2021
Annual accounts 202140,3 k €↑
2020
Annual accounts 202023,1 k €↑
2019
Annual accounts 20198,5 k €↑
2018
Annual accounts 20188 k €↑
2017
Annual accounts 2017443,8 €↑
2016
Annual accounts 2016168,1 €↓
2015
Annual accounts 20156,6 k €↑
2014
Annual accounts 2014-32 k €↓
2013
Annual accounts 2013-26,2 k €↓
2012
Annual accounts 2012-12,3 k €↓
2011
Annual accounts 201137 k €↑
2010
Annual accounts 2010-29,7 k €↓
2009
Annual accounts 20097,9 k €↓
2008
Annual accounts 200871,3 k €↑
2007
Annual accounts 200752,1 k €↑
2006
Annual accounts 200630,8 k €
09/01/2003
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

CHANGE IT

Overview

What does CHANGE IT do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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