NORMAL SITUATION

Change Process

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-4,8 k €

-150.2% YoY

Gross margin

-1,1 k €

-104.6% YoY

Equity

48,9 k €

-9.0% YoY

Company — Normal situation.

Strike-off: 07 août 2026

What does Change Process do?

Change Process is a Private limited company incorporated in 2006.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0882.323.381

Incorporation

05/07/2006

Legal form

Private limited company

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

Solid equityGood liquidity

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	-1,1 k €	-105%	24,6 k €	+267%	6,7 k €	-39.3%	11 k €	-33.9%	16,7 k €	+65.8%	10,1 k €	+192%	3,4 k €	-67.5%	10,6 k €	+4.3%	10,2 k €	-10.0%	11,3 k €	-64.4%	31,8 k €	+69.1%	18,8 k €	+64.7%	11,4 k €	+749%	-1,8 k €	-106%	27,2 k €	+318%	-12,5 k €	-290%	6,6 k €	-80.2%	33,1 k €	+18.2%	28 k €	+718%	3,4 k €
EBITDA	-3,2 k €	-115%	22,2 k €	+397%	4,5 k €	-48.1%	8,6 k €	-44.8%	15,6 k €	+111%	7,4 k €	+851%	778 €	-86.9%	5,9 k €	+92.5%	3,1 k €	-53.6%	6,6 k €	-78.5%	30,9 k €	+78.1%	17,4 k €	+60.9%	10,8 k €	+603%	-2,1 k €	-109%	24,6 k €	+277%	-13,9 k €	-334%	6 k €	-81.5%	32,3 k €	+25.6%	25,7 k €	+1777%	1,4 k €
Operating result	-5 k €	-124%	20,4 k €	+762%	2,4 k €	+172%	870,8 €	-89.7%	8,4 k €	+1643%	484 €	+107%	-6,7 k €	-465%	-1,2 k €	+59.8%	-2,9 k €	-941%	349 €	-98.6%	24,6 k €	+46.7%	16,8 k €	+57.0%	10,7 k €	+506%	-2,6 k €	-111%	24,1 k €	+233%	-18,2 k €	-3053%	616,1 €	-97.7%	27,1 k €	+58.2%	17,1 k €	+639%	-3,2 k €
Net result	-4,8 k €	-150%	9,7 k €	+940%	928,4 €	+181%	-1,2 k €	-114%	8,2 k €	+2029%	384 €	+110%	-3,9 k €	-553%	858 €	+853%	90 €	-96.1%	2,3 k €	-82.4%	12,9 k €	+11.9%	11,6 k €	+179%	4,1 k €	+160%	-6,9 k €	-130%	23,3 k €	+210%	-21,3 k €	-1783%	-1,1 k €	-106%	17,9 k €	+67.9%	10,6 k €	+341%	-4,4 k €
Balance sheet
Equity	48,9 k €	-9.0%	53,8 k €	+21.9%	44,1 k €	+2.1%	43,2 k €	-2.6%	44,3 k €	+22.6%	36,2 k €	-24.7%	48 k €	-7.5%	51,9 k €	+1.7%	51,1 k €	+0.2%	51 k €	+4.7%	48,7 k €	+36.2%	35,8 k €	+47.7%	24,2 k €	+20.7%	20,1 k €	+37.4%	14,6 k €	+132%	6,3 k €	-77.1%	27,6 k €	-3.9%	28,7 k €	+147%	11,6 k €	+554%	1,8 k €
Total assets	51 k €	-12.7%	58,4 k €	+7.9%	54,1 k €	-0.9%	54,6 k €	-24.7%	72,5 k €	+7.9%	67,2 k €	-20.9%	85 k €	-21.4%	108 k €	+36.5%	79,2 k €	+3.1%	76,8 k €	-8.4%	83,9 k €	+77.4%	47,3 k €	+15.4%	41 k €	+21.8%	33,6 k €	-6.3%	35,9 k €	+46.8%	24,4 k €	-54.2%	53,4 k €	-14.9%	62,7 k €	+23.8%	50,7 k €	+10.3%	45,9 k €
Cash	32,3 k €	-34.0%	49 k €	+9.0%	44,9 k €	+24.8%	36 k €	-27.1%	49,4 k €	+74.5%	28,3 k €	+42.9%	19,8 k €		–		5,7 k €	-31.5%	8,3 k €	-26.8%	11,3 k €	+110%	5,4 k €		–		–		2,3 k €		–		13,6 k €	-59.8%	33,9 k €	+81.1%	18,7 k €	+79.3%	10,4 k €
Debts	2 k €	-55.5%	4,6 k €	-54.0%	10 k €	-12.5%	11,4 k €	-44.5%	20,5 k €	-24.5%	27,2 k €	-4.3%	28,4 k €	-19.7%	35,4 k €	+26.0%	28,1 k €	+8.8%	25,8 k €	-26.5%	35,1 k €	+205%	11,5 k €	-31.3%	16,8 k €	+23.4%	13,6 k €	-36.3%	21,3 k €	+17.4%	18,1 k €	-28.9%	25,5 k €	-25.1%	34 k €	-12.8%	39 k €	-11.6%	44,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,1 ETP		–

Governance

Board of directors

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

Active mandates

Jean-Pierre Vandenbroeck

Andere functie

Active

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	03/07/2025	31/08/2024	02/08/2023	29/08/2022	03/08/2021
General meeting	05/06/2026	25/06/2025	26/06/2024	28/06/2023	29/06/2022	30/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	05/06/2026	12/06/2026	French	PDF
Micro model	31/12/2024	25/06/2025	03/07/2025	French	PDF
Micro model	31/12/2023	26/06/2024	31/08/2024	French	PDF
Micro model	31/12/2022	28/06/2023	02/08/2023	French	PDF
Micro model	31/12/2021	29/06/2022	29/08/2022	French	PDF
Micro model	31/12/2020	30/06/2021	03/08/2021	French	PDF
Micro model	31/12/2019	31/08/2020	07/10/2020	French	PDF
Micro model	31/12/2018	26/06/2019	28/08/2019	French	PDF
Micro model	31/12/2017	27/06/2018	16/08/2018	French	PDF
Micro model	31/12/2016	28/06/2017	09/08/2017	French	PDF
Abridged model	31/12/2015	29/06/2016	10/08/2016	French	PDF
Abridged model	31/12/2014	24/06/2015	30/09/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	22/09/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	19/08/2013	French	PDF
Abridged model	31/12/2011	27/06/2012	01/08/2012	French	PDF
Abridged model	31/12/2010	29/06/2011	23/07/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	25/07/2010	French	PDF
Abridged model	31/12/2008	24/06/2009	23/07/2009	French	PDF
Abridged model	31/12/2007	25/06/2008	23/08/2008	French	PDF
Abridged model	31/12/2006	27/06/2007	20/08/2007	French	PDF

Estimate

Indicative valuation

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

Active mandates

Jean-Pierre Vandenbroeck

Andere functie

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office23/12/2011
SIEGE SOCIAL
PDF
Other14/07/2006
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-4,8 k €↓
2024
Annual accounts 20249,7 k €↑
2023
Annual accounts 2023928,4 €↑
2022
Annual accounts 2022-1,2 k €↓
2021
Annual accounts 20218,2 k €↑
2020
Annual accounts 2020384 €↑
2019
Annual accounts 2019-3,9 k €↓
2018
Annual accounts 2018858 €↑
2017
Annual accounts 201790 €↓
2016
Annual accounts 20162,3 k €↓
2015
Annual accounts 201512,9 k €↑
2014
Annual accounts 201411,6 k €↑
2013
Annual accounts 20134,1 k €↑
2012
Annual accounts 2012-6,9 k €↓
2011
Annual accounts 201123,3 k €↑
2010
Annual accounts 2010-21,3 k €↓
2009
Annual accounts 2009-1,1 k €↓
2008
Annual accounts 200817,9 k €↑
2007
Annual accounts 200710,6 k €↑
2006
Annual accounts 2006-4,4 k €
05/07/2006
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 Process

Overview

What does Change Process do?

Trend over 20 financial years

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