Skip to content

RANKSHIFT

Active
Private limited companyfounded 2025active for 1 yearVaartstraat 10, 8530 Harelbeke, BelgiumKBO/BCE: BE 1024.293.274

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 59 days after the deadline Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00527602.

Annual accounts 2025 filed on 28-09-2026 at the NBB

Equity
€76,958
Total assets
€102,518
Net result
-€2,043
Working capital
€76,958

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Balance-sheet composition
Equity and liabilities €102,518
Equity €76,958
Debt €25,560
Debt's share of the balance-sheet total is 24.9%.
Key figures and ratios
2025 value
Current ratio
4.01
Debt to equity
0.33
ROE
-2.7%
ROA
-2.0%
Debt ≤ 1 year
€25,560
Staff costs
€211

Investments

fixed assets acquired
Item2025
Financial fixed assets€0

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

Subsidies and aid

Flemish government

2025 · 1 entry · €50,000 awarded · €25,000 paid
Schemes
1 entry · €50,000 · €25,000 paid · Fonds voor Innoveren en Ondernemen

Comparable companies

These companies have the same main activity as RANKSHIFT: computing infrastructure, data processing, hosting and related activities (NACE 63100). They are comparable in size and age: total assets between €44,200 and €135,000, founded between 2021 and 2025.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
RANKSHIFT Harelbeke2025€102,518€76,958-€1,668--€2,04302025
BetterGrowth Antwerpen2022€86,021-€17,098-€18,340--€73,4460.92025
Flloop Mechelen2025€113,661€10,981-€2,303--€4,019-2025
JOYNING Grez-Doiceau2025€75,891€73,501-€8,243€1,449-€16,499-2025
Franz Gent2024€134,918€104,667-€12,903--€14,729-2025
Data Share Port Antwerpen2021€96,815-€201,601-€1,565€436,376-€345,30702025
Athena Fund Asse2025€44,234-€190,246-€14,736--€193,246-2025

They were chosen from the 1,293 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 277 companies had the same profile as RANKSHIFT has now. Two years later, 0.7% had gone bankrupt and 96.8% were still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
2.5% stopped otherwise
96.8% was still going

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

Test of the method

The method was tested on the 497,446 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 277 companies, not a prediction for RANKSHIFT. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 26 lines

Source: Annual accounts 2025 at the NBB, filed on 28-09-2026.

Balance sheet Code2025
Assets
Total assets20/58€102,518
Current assets29/58€102,518
Amounts receivable within one year40/41€22,889
Trade receivables40€8,650
Other amounts receivable41€14,239
Cash at bank and in hand54/58€79,629
Equity and liabilities
Total equity and liabilities10/49€102,518
Equity10/15€76,958
Contributions10/11€79,000
Profit (loss) carried forward14-€2,043
Amounts payable17/49€25,560
Amounts payable within one year42/48€25,560
Financial debts43€843
Credit institutions430/8€843
Trade debts44€24,717
Suppliers440/4€24,717
Income statement Code2025
Remuneration, social security and pensions62€211
Gross operating margin9900-€1,668
Operating profit (loss)9901-€1,879
Financial charges65/66B€164
Recurring financial charges65€164
Profit (loss) for the period before taxes9903-€2,043
Profit (loss) for the period9904-€2,043
Profit (loss) for the period to be appropriated9905-€2,043
Appropriation of the result
Profit (loss) to be appropriated9906-€2,043
Social balance sheet
Average headcount (FTE)90870.0

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Remuneration, social security and pensions62€211
Gross operating margin9900-€1,668
Operating profit (loss)9901-€1,879
Financial charges65/66B€164
Recurring financial charges65€164
Profit (loss) for the period before taxes9903-€2,043
Profit (loss) for the period9904-€2,043
Profit (loss) for the period to be appropriated9905-€2,043
Line2025
Assets
Total assets20/58€102,518
Current assets29/58€102,518
Amounts receivable within one year40/41€22,889
Trade receivables40€8,650
Other amounts receivable41€14,239
Cash at bank and in hand54/58€79,629
Equity and liabilities
Total equity and liabilities10/49€102,518
Equity10/15€76,958
Contributions10/11€79,000
Profit (loss) carried forward14-€2,043
Amounts payable17/49€25,560
Amounts payable within one year42/48€25,560
Financial debts43€843
Credit institutions430/8€843
Trade debts44€24,717
Suppliers440/4€24,717
Line2025
Profit (loss) for the period9904-€2,043
Operating cash flow (approximation)-€2,043

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 28-09-2026 2026-00527602 NBB

Next steps