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Bitshift

Active Private limited companyfounded 2014active for 12 yearsDu Chastellei 30, 2170 AntwerpKBO/BCE: BE 0564.841.886
Bitshift
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Overview

Lifetime

11 annual accounts with figures on one time axis
peak €85,543 (2022)
€26,543▲ €58,706
lowest -€33,643 (2024)
€44,569▲ €78,211
peak €70,220 (2025)
€70,220▲ 174%
€67,109▲ 9.3%
Board2 names since 2019
1 directorThomas Maxwell
Documentsfilings and deeds
09-06-202652 days before the deadline
2025micro format
Gross margin from -€32,163 to €26,543Back to profit: €44,569Equity from €25,651 to €70,220Cash from €745 to €44,981

Key points

from the 2025 annual accounts

Result

€44,569 €44,569
-€33,6002024€44,6002025

Back in profit in 2025, after a loss of €33,643 in 2024.

Investments

€3,007 3.8 × depreciation
20212025

Green is investment, beige is depreciation.

Filings

11 annual accounts since 2015
AprilJune31 JulyOctober201520202025

The last five annual accounts were filed 52 to 62 days before the end of the period.

Checked score

96
Excellent
Financially stronger than 68% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.5 percentage points vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025highest value 09-2025: 0.5%● unchanged vs 08-2025highest value 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: < 0.1%▼ -0.5 percentage points vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

76+22equity 51.1% of total assets
67+54short-term debt 48.9% · cash 32.8%
100+100return on assets 32.5%

Score breakdown

lowers risk
Liquidity: current ratio 2.01, cash €44,981
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €137,329
Equity €70,220 (51.1% of total assets)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 44% of them on solvency, 50% on liquidity, 82% on profitability and 94% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 34,693 companies had the same profile as Bitshift has now. Each dot stands for 87 companies, two years later.

95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of Bitshift itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 34,693 companies, not a prediction for Bitshift. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €6,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.01 (1.42 in 2024), above the usual 1.5. Short-term debt is 48.9% and cash 32.8% of total assets. 48.9% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 2.01, cash €44,981
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Size: total assets €137,329
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €70,220 (51.1% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
52 days early
2024
58 days early
2023
56 days early
2022
62 days early
2021
61 days early
2020
51 days early
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 50 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

TM
Thomas Maxwell
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0564841886
Appointment: Thomas Maxwell (director) Gazette deed
Registered office moved from Deurne to Merksem New registered office: Du Chastellei 30, 2170 Merksem · Previous registered office: Waterbaan 103, 2100 Deurne · Resignation: Enzo Mols (manager) · General meeting of 31-05-2019 · Gazette deed
First establishment Bluemagma, Du Chastellei 30, Antwerp
All 20 events

Comparable companies

same main activity, similar in size and age
Company
Bitshift Antwerp €137,329 €26,543 51.1% -
BE A PROJECT Lier €139,431 €26,160 81.1% -
BLUE DOTS Mechelen €150,627 €26,234 39.6% -
SPECIAL IT Gesves €135,739 €27,194 68.6% -
Ziplip Zwalm €124,083 €28,269 71.6% -
SO - PowerView Bruges €129,547 €23,494 15.5% -
MC Hobby Waterloo €154,719 €25,629 22.2% -

These companies have the same main activity as Bitshift: computer programming (NACE 62100). They are comparable in size and age: total assets between €124,000 and €155,000, founded between 2013 and 2015.

Official details

Source: KBO
Status
Active since 20-10-2014Normal situation
Activity
Computer programmingNACE 62100and 1 other
Establishment unit
2.236.136.3472170 Antwerp, since 22-10-2014
Financial year end
31 December
Peppol
Reachable since 24-11-2023
Company details

Annual accounts 2025

€26,543
≈ €87,000estimated
€44,569
€70,220▲ 174%
€137,329▲ 57.8%
Filing
Filed on 09-06-2026, 52 days before the end of the filing period
Financials

Insights on Bitshift

Bitshift files the micro format. That format states no turnover. The gross margin rose from €10,519 in 2015 to €26,543 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 09-06-2026, 52 days before the deadline
€26,543
▲ €58,706
€25,635
▲ €57,960
€44,569
▲ €78,211
€68,001
▲ 165%
51.1%
▲ 21.7 percentage points
2.01
▲ 0.60

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €87,000. Estimated: probably between €68,000 and €120,000.

Balance sheet

balance sheet total €137,329 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

51.1%

Higher than 42% of 21,208 companies in 2025.

2.01

Higher than 43% of 20,571 companies in 2025.

32.5%

Higher than 70% of 20,746 companies in 2025.

Bitshift Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015
Balance sheet: assets
20/58 137,32987,024116,517138,428109,235111,06669,03276,31549,63256,16637,929
21/28 2,219-448521,9292708871,6342507791,817
22/27 2,219-448521,659-6171,234-7791,817
23 --448521,659-6171,234---
24 2,219--------7791,817
28 ----270270270400250--
29/58 135,11087,024116,473137,576107,306110,79668,14574,68149,38255,38736,112
29 70,79473,91073,910--------
291 70,79473,91073,910--------
40/41 17,9839,9595,53424,41320,09923,22017,12950,6235,6982,5122,128
40 17,9839,9404,40524,41220,09923,22015,64650,023361,2922,128
41 -181,1302--1,4826005,6621,2201
54/58 44,98174534,407113,16387,20787,57649,01618,44243,68452,87533,984
490/1 1,3522,4102,621---2,0005,616---
Balance sheet: equity and liabilities
10/49 137,32987,024116,517138,428109,235111,06669,03276,31549,63256,16637,929
10/15 70,22025,65159,29461,88261,88261,88252,6379,25724,37416,93012,716
10/11 18,60018,60018,60018,60018,60018,60018,6006,2006,2006,2006,200
100 ------18,60018,60018,60018,60018,600
101 -------12,40012,40012,40012,400
13 51,62040,22540,69443,28243,28243,28234,0373,05718,17410,7306,516
130/1 ---1,8601,8601,860-----
130 ------1,8601,8601,8601,8601,860
1311 ---1,8601,8601,860-----
133 51,62040,22540,69441,42241,42241,42232,1771,19716,3148,8704,656
14 --33,174---------
17/49 67,10961,37357,22376,54747,35449,18516,39567,05925,25839,23625,212
42/48 67,10961,37357,22376,54747,35449,18516,39567,05925,25839,23625,212
43 3191293613161,433230700512---
430/8 3191293613161,433230700512---
44 9605351,461911549319719,08516,9391,9552,065
440/4 9605351,461911549319719,08516,9391,9552,065
45 10,403277-6,9344,7848,0912,4655,2502,9211,6751,506
450/3 10,403277-6,9344,7848,0912,4655,2502,9211,6751,506
47/48 55,42860,43355,40268,38640,58840,83313,13342,2125,39935,60521,641
Income statement
9900 26,543-32,16338985,54351,73662,88553,4585,08412,0817,06810,519
62 --------64--
630 788448078077636176176177791,0381,298
640/8 120118159102201-985979492293
9901 25,635-32,325-57884,63450,77262,26852,7433,86911,1455,9388,928
75/76B 29,23463-51107492030-20
75 29,23463-51107492030-20
65/66B 1,1001,0991,4241,5017082693681,2961,0565157
65 1,1001,0991,4241,5017082693681,2961,0565157
9903 53,769-33,361-2,00283,18450,17262,04752,3952,60310,0885,8898,872
67/77 9,20028258614,0758,00010,9638,282-2,6451,6752,355
9904 44,569-33,643-2,58869,10942,17251,08544,1132,6037,4434,2146,516
9905 44,569-33,643-2,58869,10942,17251,08544,1132,6037,4434,2146,516
Appropriation of the result
9906 11,395-33,643-2,58869,10942,17251,08544,1132,6037,4434,2146,516
14P -33,174----------
791/2 -4692,588----15,117---
691/2 11,395----9,24530,980-7,4434,2146,516
6920 ----------1,860
6921 11,395----9,24530,980-7,4434,2144,656
694/7 ---69,10942,17241,84013,13317,720---
694 ---50,73228,70927,672-----
695 -------17,720---
697 ---18,37713,463------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 09-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 09-06-2026 2026-00145930 PDF
31-12-2024 micro format 03-06-2025 2025-00115208 PDF
31-12-2023 micro format 05-06-2024 2024-00117541 PDF
31-12-2022 micro format 30-05-2023 2023-00098029 PDF
31-12-2021 micro format 31-05-2022 2022-20038905 PDF
31-12-2020 micro format 10-06-2021 2021-18800270 PDF
31-12-2019 micro format 24-07-2020 2020-33600440 PDF
31-12-2018 micro format 26-06-2019 2019-22900564 PDF
31-12-2017 micro format 12-07-2018 2018-32600308 PDF
31-12-2016 micro format 29-06-2017 2017-24700540 PDF
31-12-2015 abbreviated format 28-06-2016 2016-23800076 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015
26,423-32,28123085,44151,53562,88553,3604,48611,9236,97610,226
45,357-33,598-1,78069,91642,93551,70244,7303,2208,2225,2527,814
3,00700-2702,4220-1302,00125003,114
44,236-33,662-78,75625,956-37038,56030,574-25,242-9,19118,892-
68,00125,65159,24961,03059,95261,61251,7507,62324,12416,15210,900
51.1%29.5%50.9%44.7%56.6%55.7%76.3%12.1%49.1%30.1%33.5%
2.011.422.041.802.272.254.161.111.961.411.43
0.962.390.971.240.770.790.317.241.042.321.98
63.5%-131.2%-4.4%111.7%68.1%82.6%83.8%28.1%30.5%24.9%51.2%
32.5%-38.7%-2.2%49.9%38.6%46.0%63.9%3.4%15.0%7.5%17.2%
24.01-29.380.1656.9172.83------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€3,007---€2,422
€788€44€807€807€763

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Bitshift

The operating result for 2025 is a profit of €25,635, after a loss of €32,325 in 2024. It is the highest result since 2022.

Debt's share of the balance-sheet total falls from 70.5% to 48.9%. Equity and debt are higher.

Board & ownership

Board

1 director, last change in 2023
Thomas Maxwell
Director
appointed by deed of 10-05-2023 term without a fixed end
listed in the 2025 annual accounts, filed on 09-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 10-05-2023

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
Thomas Maxwell
Director
Enzo Mols
Manager
BoardEarliermandate already running before its first mention
Mandates as a list
  • Thomas Maxwell
    • Director, since before 31-12-2021
  • Enzo Mols
    • Manager, until 24-07-2019

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,600
Source
2025 annual accounts

Articles of association

deed of 10-05-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Thursday of May at 10:00

Network & group

No group

Bitshift has no parent and no holdings in its annual accounts. Thomas Maxwell is the only director. Bitshift shares no director with another company.

Timeline

Timeline

20 events since 2014

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 52 days before the deadline
2025
Back to profit net €44,569 The net result is €44,569, after 2 loss-making years.
Annual accounts 2024 filed PDFmicro format · 58 days before the deadline
2024
Weakest financial year net -€33,643 The net result drops to -€33,643, the lowest from 2015 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 56 days before the deadline
2023
Registered in the Peppol Directory Reachable for e-invoices through 0208:0564841886
Annual accounts 2022 filed PDFmicro format · 62 days before the deadline
Appointment: Thomas Maxwell (director)5 points ▸
  • General meeting, 18-04-2023
  • 100 shares
  • Power of attorney, Julie DE HERDT
  • Director appointment, Thomas Maxwell
  • Registered office clause, Du Chastellei 30, 2170 Antwerpen
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

2022
Highest result from 2015 to 2025 net €69,109 ▲63.9% The operating result of €84,634 and the net result of €69,109 are both a record.
Annual accounts 2021 filed PDFmicro format · 61 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 51 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 7 days before the deadline
2019
Liquidity more than triples current ratio 4.16 The current ratio rises from 1.11 to 4.16. Short-term debt falls from €67,059 to €16,395.
Registered office moved from Deurne to MerksemNew registered office: Du Chastellei 30, 2170 Merksem · Previous registered office: Waterbaan 103, 2100 Deurne · Resignation: Enzo Mols (manager) · General meeting of 31-05-20194 points ▸
  • General meeting, 31-05-2019
  • Registered-office move, Du Chastellei 30, 2170 Merksem
  • Director resignation, Enzo Mols (manager)
  • Director discharge, Enzo Mols (manager)

Open the deed in the Belgian Official Gazette

Annual accounts 2018 filed PDFmicro format · 35 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 19 days before the deadline
2017
Annual accounts 2016 filed PDFmicro format · 32 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 33 days before the deadline
2014
First establishment Bluemagma, Du Chastellei 30, Antwerp
Incorporation PDFpublished on 22-10-2014

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 20 October 2014, Bitshift was incorporated.1 In 2019 the registered office moved to Merksem.2 Total assets went from €76,315 in 2018 to €137,329 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 24-07-2019
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0564.841.886
VAT number
BE 0564.841.886
Peppol ID
0208:0564841886
Other Peppol ID
9925:BE0564841886
Legal form
Private limited company
Status
Active, normal situation
Founded
20-10-2014
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Thursday of May at 10:00
deed of 10-05-2023 (in Dutch)
Peppol
Reachable since 24-11-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Bitshift in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 10-05-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 10-05-2023 (in Dutch)

Activities

NACEBEL 2025
62100 Computer programming main activity
62200 Computer consultancy and computer facilities management
Codes under NACEBEL 2008
62010 Computer programming, consultancy and related activities main activity
62020 IT consultancy
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het ontwikkelen van op maat gemaakte hardware en software,de realisatie van software,programma’s en gebruiksklare systemen;het…”
3 activities
  1. Het ontwikkelen van op maat gemaakte hardware en software,de realisatie van software,programma’s en gebruiksklare systemen;het analyseren,ontwerpen,programmeren en eventueel uitgeven van gebruiksklare systemen,inclusief systemen van automatische data identificatie.
  2. De ontwikkeling,productie,levering/samenstelling van documentatie over standaard- of speciale programmatuur.
  3. IT-consulting en -advies,waaronder het verlenen van advies en praktische hulp aan de bedrijven,consulting (onder meer in verband met de keuze en het gebruik van software,hardware en communicatie;in verband met de beveiliging van computer en computernetwerken,enzovoort),horeca-activiteiten en leveren van voedingsproducten al dan niet in verband met de IT-activiteiten.
deed of 10-05-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Bluemagma registered office Du Chastellei 30, 2170 Antwerp 22-10-2014 2.236.136.347
1 former office
  • Waterbaan 103, 2100 Deurne until 31-05-2019 · deed of 24-07-2019

Buildings and parcels at the address

Ground area
626 m²
Buildings
75 m²
Volume, LiDAR
639 m³
Tallest building
12.6 m
Buildings to scale, each on its own parcel
75 m², 12.6 m 75 m², 12.6 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
11423B0318/00N006626 m² 1 · 75 m² 12.6 m · 3

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