nShift
ActiveSummary
nShift has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €159,704 and a net result of €31,319. Equity is growing by ~28% per year across the filed fiscal years. Its solvency ranks better than 34% of 2729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
History
Go further with this company
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,706 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €69,433 | €73,037 | €88,610 | €107,894 | €19,892 | ▼ 81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,988 | €2,310 | €1,041 | €502 | €310 | ▼ 38.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €4,430 | -€3,987 | €1,884 | ▲ 147% |
| Other operating charges640/8 | €449 | €2,470 | €1,842 | €10,115 | €520 | ▼ 94.9% |
| Non-recurring operating charges66A | €3,490 | €0 | - | - | - | - |
| Gross operating margin9900 | €133,079 | €97,480 | €101,390 | €133,757 | €69,460 | ▼ 48.1% |
| Operating profit (loss)9901 | €57,719 | €19,663 | €5,467 | €19,233 | €46,855 | ▲ 144% |
| Financial income75/76B | €5,344 | €0 | €17,246 | €9,286 | €348 | ▼ 96.3% |
| Recurring financial income75 | €5,344 | €0 | €17,246 | €9,286 | €348 | ▼ 96.3% |
| Financial charges65/66B | €4,322 | €1,135 | €950 | €1,213 | €951 | ▼ 21.6% |
| Recurring financial charges65 | €4,322 | €1,135 | €950 | €1,213 | €951 | ▼ 21.6% |
| Profit (loss) for the period before taxes9903 | €58,741 | €18,528 | €21,763 | €27,306 | €46,251 | ▲ 69.4% |
| Income taxes67/77 | €16,361 | €5,850 | €7,229 | €8,801 | €14,932 | ▲ 69.7% |
| Profit (loss) for the period9904 | €42,380 | €12,678 | €14,533 | €18,505 | €31,319 | ▲ 69.2% |
| Profit (loss) for the period to be appropriated9905 | €42,380 | €12,678 | €14,533 | €18,505 | €31,319 | ▲ 69.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €444,311 | €719,113 | €605,197 | €455,298 | €575,971 | ▲ 26.5% |
| Fixed assets21/28 | €6,009 | €3,699 | €2,277 | €2,704 | €766 | ▼ 71.7% |
| Intangible fixed assets21 | €871 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €2,802 | €1,363 | €321 | €748 | €439 | ▼ 41.4% |
| Furniture and vehicles24 | €2,802 | €1,363 | €321 | €748 | €439 | ▼ 41.4% |
| Financial fixed assets28 | €2,336 | €2,336 | €1,956 | €1,956 | €327 | ▼ 83.3% |
| Current assets29/58 | €438,302 | €715,414 | €602,920 | €452,594 | €575,206 | ▲ 27.1% |
| Amounts receivable within one year40/41 | €165,878 | €357,086 | €335,985 | €100,727 | €74,799 | ▼ 25.7% |
| Trade receivables40 | €48,491 | €189,058 | €179,046 | €86,660 | €63,056 | ▼ 27.2% |
| Other amounts receivable41 | €117,388 | €168,028 | €156,940 | €14,067 | €11,743 | ▼ 16.5% |
| Cash at bank and in hand54/58 | €271,196 | €345,426 | €242,155 | €342,648 | €493,558 | ▲ 44.0% |
| Deferred charges and accrued income490/1 | €1,229 | €12,902 | €24,779 | €9,219 | €6,849 | ▼ 25.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €444,311 | €719,113 | €605,197 | €455,298 | €575,971 | ▲ 26.5% |
| Equity10/15 | €82,668 | €95,347 | €109,880 | €128,385 | €159,704 | ▲ 24.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €69 | €69 | €69 | €109,785 | €141,104 | ▲ 28.5% |
| Non-distributable reserves130/1 | €69 | €69 | €69 | - | - | - |
| Reserves not available under the articles1311 | €69 | €69 | €69 | - | - | - |
| Distributable reserves133 | - | - | - | €109,785 | €141,104 | ▲ 28.5% |
| Profit (loss) carried forward14 | €63,999 | €76,678 | €91,211 | - | - | - |
| Amounts payable17/49 | €361,643 | €623,767 | €495,317 | €326,913 | €416,267 | ▲ 27.3% |
| Amounts payable within one year42/48 | €198,684 | €439,738 | €277,906 | €130,491 | €210,369 | ▲ 61.2% |
| Trade debts44 | €9,525 | €32,826 | €226,577 | €96,867 | €162,478 | ▲ 67.7% |
| Suppliers440/4 | €9,525 | €32,826 | €226,577 | €96,867 | €162,478 | ▲ 67.7% |
| Taxes, remuneration and social security45 | €50,810 | €54,484 | €51,330 | €33,625 | €47,891 | ▲ 42.4% |
| Taxes450/3 | €41,569 | €40,692 | €35,949 | €26,178 | €47,891 | ▲ 82.9% |
| Remuneration and social security454/9 | €9,241 | €13,792 | €15,381 | €7,446 | - | - |
| Other amounts payable47/48 | €138,349 | €352,428 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | €162,959 | €184,029 | €217,411 | €196,421 | €205,898 | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,380 | €12,678 | €14,533 | €18,505 | €31,319 | ▲ 69.2% |
| + Depreciation and write-downs630 | €1,988 | €2,310 | €1,041 | €502 | €310 | ▼ 38.3% |
| Operating cash flow (approximation) | €44,369 | €14,988 | €15,575 | €19,007 | €31,629 | ▲ 66.4% |
| Investment in fixed assets (approximation) | - | €0 | €380 | -€929 | €1,629 | ▲ 275% |
| Change in cash | - | €74,231 | -€103,272 | €100,493 | €150,910 | ▲ 50.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
06-07
State Gazette act
Resignation: Mattias Sune Gredenhag (director)Appointment: Thomas Angell (director) · Power of attorney8 facts ▸
- Director resignation, Mattias Sune Gredenhag (director)
- Director appointment, Thomas Angell (director)
- Board composition, Thomas Angell (director)
- Board composition, Ross Gordon Findlay (director)
- Power of attorney, Jelle Schuermans
- Power of attorney, Marie Florival
- Power of attorney, Calista Babuder
- Power of attorney
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0086/00N000 | Flanders | 9,445 m² | 1 · 412 m² | 7.3 m · 2 fl. |
| 12402A0204/00C002 | Flanders | 2,848 m² | 1 · 867 m² | - |
Linked by address, not proof of ownership
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Thomas Angell |
|
| Mattias Sune Gredenhag |
|
Articles of association
Full text
Artikel 15 van de statuten van de Vennootschap, dat de externe vertegenwoordiging van de Vennootschap regelt, luidt als volgt: "Artikel 15. Externe vertegenwoordigingsmacht Elke bestuurder vertegenwoordigt, alleen handelend, de vennootschap geldig in en buiten rechte. Wanneer de vennootschap een mandaat opneemt van lid van een bestuursorgaan of dagelijks bestuurder, dan dient zij een natuurlijke persoon te benoemen als vaste vertegenwoordiger die wordt belast met de uitvoering van dat mandaat in haar naam en voor haar rekening. In alle akten die de vennootschap verbinden, moet onmiddellijk voor of na de handtekening van de persoon die de vennootschap vertegenwoordigt, worden vermeld in welke hoedanigheid hij optreedt." Als gevolg van deze besluiten zal het bestuursorgaan van de Vennootschap met ingang vanaf de effectieve datum van voormelde benoeming samengesteld zijn uit de volgende bestuurders: - De heer Thomas Angell; en De heer Ross Gordon Findlay. 3. Volmacht De Aandeelhouders besluiten om volmacht te geven aan Meester Jelle Schuermans, Meester Marie Florival.
Structure & network
Owners and holdings
2 ownersChain of control
- Transsmart Holding BVNL
- nShift
Highest known parent: Transsmart Holding BV (Netherlands). The sources do not say who stands above it.
Owners 2
- Transsmart Holding BVNLparentSourceown accounts 202576.59%
- Transsmart BVNLSourceown accounts 202523.41%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of nShift and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.