ACTIVE

CHANGOR

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Financial year 2025 · closed on 30/09/2025

Net result

51,4 k €

+23.4% YoY

Gross margin

93 k €

+12.2% YoY

Equity

288,5 k €

+0.2% YoY

What does CHANGOR do?

CHANGOR is a Private limited company incorporated in 2007. Its main activity is: Management consultancy activities. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0892.321.311

Incorporation

26/09/2007

Legal form

Private limited company

Registered office

Pottelberg(Mar) 151
8510 Kortrijk · FlandreSee on map

Contributed capital

19 500,00 €

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	93 k €	+12.2%	82,9 k €	-6.9%	89,1 k €	+5.3%	84,6 k €	-7.4%	91,4 k €	+27.0%	72 k €	+0.8%	71,4 k €	+29.6%	55,1 k €	+47.1%	37,5 k €	-12.1%	42,6 k €	-6.5%	45,6 k €	+510%	7,5 k €	-73.7%	28,4 k €	-63.2%	77,3 k €	+40.3%	55,1 k €	+152%	21,9 k €
EBITDA	91,9 k €	+13.3%	81,1 k €	-7.9%	88,1 k €	+6.6%	82,6 k €	-7.3%	89,1 k €	+25.4%	71,1 k €	+0.8%	70,5 k €	+30.0%	54,2 k €	+48.2%	36,6 k €	-12.3%	41,8 k €	-6.6%	44,7 k €	+621%	6,2 k €	-77.3%	27,3 k €	-64.0%	75,9 k €	+44.7%	52,4 k €	+1624%	3 k €
Operating result	57,2 k €	+21.7%	47 k €	-10.3%	52,4 k €	+3.9%	50,4 k €	-11.7%	57,1 k €	+59.5%	35,8 k €	-14.6%	41,9 k €	+61.2%	26 k €	+59.5%	16,3 k €	-24.0%	21,4 k €	-12.6%	24,5 k €	+275%	-14 k €	-8232%	172 €	-99.6%	48,9 k €	+102%	24,2 k €	+267%	-14,5 k €
Net result	51,4 k €	+23.4%	41,7 k €	+8.3%	38,5 k €	-0.5%	38,7 k €	-5.5%	40,9 k €	+105%	20 k €	-30.0%	28,5 k €	+89.9%	15 k €	+51.7%	9,9 k €	-32.4%	14,7 k €	-10.7%	16,4 k €	+191%	-18,1 k €	-52.7%	-11,9 k €	-135%	33,8 k €	+174%	12,3 k €	+156%	-22 k €
Balance sheet
Equity	288,5 k €	+0.2%	287,8 k €	+16.5%	247 k €	+18.0%	209,3 k €	+22.7%	170,7 k €	+92.9%	88,5 k €	+27.7%	69,3 k €	+44.0%	48,1 k €	+45.4%	33,1 k €	+42.7%	23,2 k €	+172%	8,5 k €	+208%	-7,9 k €	-177%	10,2 k €	+12.3%	9,1 k €	+393%	-3,1 k €	+79.8%	-15,5 k €
Total assets	395,7 k €	+4.0%	380,6 k €	-6.3%	406,3 k €	+8.8%	373,3 k €	+3.6%	360,5 k €	-7.8%	391,1 k €	+6.9%	366 k €	-16.5%	438,5 k €	+19.3%	367,6 k €	+4.1%	353,1 k €	+4.9%	336,8 k €	+10.4%	305 k €	-8.1%	331,9 k €	-4.2%	346,6 k €	-13.0%	398,6 k €	+1.8%	391,5 k €
Cash	38,2 k €	+86.4%	20,5 k €	+35.9%	15,1 k €	+68.2%	9 k €	-28.1%	12,4 k €	+57.7%	7,9 k €	-40.2%	13,2 k €	+175%	4,8 k €	+2419%	190 €	-89.1%	1,7 k €	+134%	748 €	-64.9%	2,1 k €	+34.2%	1,6 k €	-36.2%	2,5 k €	-14.8%	2,9 k €	-95.3%	62,1 k €
Debts	106,3 k €	+18.2%	90 k €	-41.8%	154,7 k €	-4.1%	161,3 k €	-14.4%	188,3 k €	-37.5%	301,2 k €	+2.0%	295,3 k €	-24.1%	389,1 k €	+16.8%	333,2 k €	+1.0%	329,9 k €	+0.5%	328,2 k €	+4.9%	312,9 k €	-2.7%	321,7 k €	-4.7%	337,5 k €	-16.0%	401,7 k €	-1.3%	406,9 k €

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 30/09/2025 · 1 active · 2 ended

Active mandates

Chantal GORREMANS

Director

Active

Ended mandates

Chantal Gorremans

Administrator - manager

Ended

Chantal Gorremans

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
AllGor● Active	0807.338.522

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/04/2026	30/04/2025	30/04/2024	02/05/2023	29/04/2022	23/04/2021
General meeting	31/03/2026	31/03/2025	07/03/2024	02/03/2023	24/03/2022	25/03/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	29/04/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	07/03/2024	30/04/2024	Dutch	PDF
Abridged model	30/09/2022	02/03/2023	02/05/2023	Dutch	PDF
Abridged model	30/09/2021	24/03/2022	29/04/2022	Dutch	PDF
Abridged model	30/09/2020	25/03/2021	23/04/2021	Dutch	PDF
Micro model	30/09/2019	26/03/2020	28/04/2020	Dutch	PDF
Abridged model	30/09/2018	28/03/2019	30/04/2019	Dutch	PDF
Abridged model	30/09/2017	22/03/2018	03/05/2018	Dutch	PDF
Abridged model	30/09/2016	02/03/2017	28/03/2017	Dutch	PDF
Abridged model	30/09/2015	03/03/2016	29/03/2016	Dutch	PDF
Abridged model	30/09/2014	26/03/2015	03/04/2015	Dutch	PDF
Abridged model	30/09/2013	27/03/2014	06/05/2014	Dutch	PDF
Abridged model	30/09/2012	07/03/2013	04/04/2013	Dutch	PDF
Abridged model	30/09/2011	08/03/2012	22/03/2012	Dutch	PDF
Abridged model	30/09/2010	24/03/2011	20/04/2011	Dutch	PDF
Abridged model	30/09/2009	04/03/2010	26/04/2010	Dutch	PDF
Abridged model	30/09/2008	04/03/2009	24/03/2009	Dutch	PDF

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 30/09/2025 · 1 active · 2 ended

Active mandates

Chantal GORREMANS

Director

Active

Ended mandates

Chantal Gorremans

Administrator - manager

Ended

Chantal Gorremans

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/08/2011
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/03/2009
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other04/10/2007
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 202551,4 k €↑
2024
Annual accounts 202441,7 k €↑
2023
Annual accounts 202338,5 k €↓
2022
Annual accounts 202238,7 k €↓
2021
Annual accounts 202140,9 k €↑
2018
Annual accounts 201820 k €↓
2017
Annual accounts 201728,5 k €↑
2016
Annual accounts 201615 k €↑
2015
Annual accounts 20159,9 k €↓
2014
Annual accounts 201414,7 k €↓
2013
Annual accounts 201316,4 k €↑
2012
Annual accounts 2012-18,1 k €↓
2011
Annual accounts 2011-11,9 k €↓
2010
Annual accounts 201033,8 k €↑
2009
Annual accounts 200912,3 k €↑
2008
Annual accounts 2008-22 k €
26/09/2007
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

CHANGOR

Overview

What does CHANGOR do?

Trend over 16 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