ACTIVE

SmartChange

Financial year 2025 · closed on 31/12/2025
Net result
18 k €
-70.5% YoY
Gross margin
57,6 k €
-45.9% YoY
Equity
20,5 k €
0.0% YoY
Workforce
0,0 ETP

What does SmartChange do?

SmartChange is a Private limited company incorporated in 2015. Its main activity is: Management consultancy activities. Its registered office is in Grimbergen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0639.824.272
Incorporation
01/10/2015
Legal form
Private limited company
Registered office
Cederlaan 10
1851 Grimbergen · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
ProfitablePositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin57,6 k €106,6 k €28,9 k €71,3 k €62,8 k €32,2 k €40,2 k €8,8 k €36,2 k €48,7 k €
EBITDA56,6 k €103,9 k €28,3 k €70,9 k €62,1 k €31,3 k €39,3 k €7,8 k €35,3 k €42,2 k €
Operating result29,6 k €82,7 k €9,5 k €47,9 k €40,8 k €24,5 k €26 k €-5,7 k €22,1 k €24,5 k €
Net result18 k €60,9 k €4,3 k €35,2 k €30,5 k €23 k €18,1 k €-7,5 k €12,6 k €13,1 k €
Balance sheet
Equity20,5 k €20,5 k €20,5 k €20,5 k €20,5 k €49,4 k €36,4 k €35,3 k €44,4 k €19,3 k €
Total assets158,6 k €185,1 k €177,4 k €129,6 k €155,8 k €138,7 k €78,7 k €82,3 k €119,5 k €141,7 k €
Cash16,4 k €23,3 k €0 €40,7 k €28,8 k €17,4 k €28,4 k €6,2 k €26,7 k €
Debts136,1 k €162,8 k €155 k €108,4 k €134,6 k €88,9 k €40,8 k €46,7 k €74,9 k €122,1 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP0,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

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

Active mandates

Mieke Janssens

Director · since 05 avril 2016

Active
Stijn Dreesen

Director · since 01 octobre 2015

Active

Ended mandates

Mieke Janssens

Manager · since 05 avril 2016

Ended
Stijn Dreesen

Manager · since 01 octobre 2015

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/06/202604/07/202529/07/202431/07/202329/07/202220/07/2021
General meeting01/06/202602/06/202503/06/202405/06/202307/06/202207/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202622/06/2026DutchPDF
Abridged model31/12/202402/06/202504/07/2025DutchPDF
Abridged model31/12/202303/06/202429/07/2024DutchPDF
Abridged model31/12/202205/06/202331/07/2023DutchPDF
Abridged model31/12/202107/06/202229/07/2022DutchPDF
Abridged model31/12/202007/06/202120/07/2021DutchPDF
Abridged model31/12/201902/06/202027/07/2020DutchPDF
Abridged model31/12/201803/06/201930/07/2019DutchPDF
Abridged model31/12/201704/06/201802/07/2018DutchPDF
Abridged model31/12/201605/06/201729/08/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 ended

Active mandates

Mieke Janssens

Director · since 05 avril 2016

Active
Stijn Dreesen

Director · since 01 octobre 2015

Active

Ended mandates

Mieke Janssens

Manager · since 05 avril 2016

Ended
Stijn Dreesen

Manager · since 01 octobre 2015

Ended
Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202518 k €
  2. 2024
    Annual accounts 202460,9 k €
  3. 2023
    Annual accounts 20234,3 k €
  4. 2022
    Annual accounts 202235,2 k €
  5. 2021
    Annual accounts 202130,5 k €
  6. 2020
    Annual accounts 202023 k €
  7. 2019
    Annual accounts 201918,1 k €
  8. 2018
    Annual accounts 2018-7,5 k €
  9. 2017
    Annual accounts 201712,6 k €
  10. 2016
    Annual accounts 201613,1 k €
  11. 01/10/2015
    IncorporationPrivate limited company