SHAPE & SHIFT
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 03-08-2023, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
3 d late
2021
4 d late
2020
19 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?Nuclys · 450 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, abbreviated schema
Turnover
€3.5m▲ 62.9%
2021 · €2.2m
EBIT margin
6.4%▼ 2.0pp
2021 · 8.4%
Net result
€159,921▲ 24.7%
2021 · €128,257
Working capital
€312,696▼ 12.1%
2021 · €355,827
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202020212022
Turnover€2.6m-€2.2m▼ 17.2%€3.5m▲ 62.9%
Operating result€263,576-€182,332▼ 30.8%€227,747▲ 24.9%
Net result€169,157-€128,257▼ 24.2%€159,921▲ 24.7%
EBIT margin10.0%-8.4%▼ 1.7pp6.4%▼ 2.0pp
Equity€231,157-€359,414▲ 55.5%€357,335▼ 0.6%
Total assets€512,438-€945,938▲ 84.6%€919,612▼ 2.8%
Debt€281,281-€586,524▲ 109%€562,277▼ 4.1%
Working capital€221,306-€355,827▲ 60.8%€312,696▼ 12.1%
Staff (FTE)4.8-6.3▲ 31.3%10.9▲ 73.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 25% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €919,612
Fixed assets
€44,639 ▲ 140%
Current assets
€874,973 ▼ 5.6%
Equity and liabilities €919,612
Equity
€357,335 ▼ 0.6%
Debt
€562,277 ▼ 4.1%
Debt's share of the balance-sheet total falls from 62.0% to 61.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€243,535▲
2021 · €189,981
Cash flow
€175,710▲
2021 · €135,906
Current ratio
1.56▼
2021 · 1.62
Debt to equity
1.57▼
2021 · 1.63
ROE
44.8%▲
2021 · 35.7%
ROA
17.4%▲
2021 · 13.6%
Interest coverage
25.01▼
2021 · 37.04
Debt ≤ 1 year
€562,277▼
2021 · €571,524
Income taxes
€58,523▲
2021 · €49,423
Staff costs
€794,708▲
2021 · €384,137
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Turnover70 | €2.6m | €2.2m | €3.5m | ▲ 62.9% |
| Non-recurring operating income76A | - | - | €455 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €1.6m | €2.5m | ▲ 55.8% |
| Remuneration, social security and pensions62 | - | €384,137 | €794,708 | ▲ 107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,303 | €7,649 | €15,789 | ▲ 106% |
| Other operating charges640/8 | - | €2,118 | €4,580 | ▲ 116% |
| Non-recurring operating charges66A | - | €0 | €32 | ▲ 319,700% |
| Gross operating margin9900 | €705,474 | €576,236 | €1.0m | ▲ 81.0% |
| Operating profit (loss)9901 | €263,576 | €182,332 | €227,747 | ▲ 24.9% |
| Financial income75/76B | - | €477 | €436 | ▼ 8.6% |
| Recurring financial income75 | €114 | €477 | €436 | ▼ 8.6% |
| Financial charges65/66B | - | €5,129 | €9,738 | ▲ 89.9% |
| Recurring financial charges65 | €5,533 | €5,129 | €9,738 | ▲ 89.9% |
| Profit (loss) for the period before taxes9903 | €258,157 | €177,680 | €218,444 | ▲ 22.9% |
| Income taxes67/77 | €89,000 | €49,423 | €58,523 | ▲ 18.4% |
| Profit (loss) for the period9904 | €169,157 | €128,257 | €159,921 | ▲ 24.7% |
| Profit (loss) for the period to be appropriated9905 | €169,157 | €128,257 | €159,921 | ▲ 24.7% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €512,438 | €945,938 | €919,612 | ▼ 2.8% |
| Fixed assets21/28 | €9,851 | €18,587 | €44,639 | ▲ 140% |
| Tangible fixed assets22/27 | €9,851 | €18,587 | €44,639 | ▲ 140% |
| Plant, machinery and equipment23 | - | €18,587 | €44,639 | ▲ 140% |
| Current assets29/58 | €502,587 | €927,351 | €874,973 | ▼ 5.6% |
| Amounts receivable within one year40/41 | €489,193 | €910,381 | €853,684 | ▼ 6.2% |
| Trade receivables40 | - | €418,828 | €645,490 | ▲ 54.1% |
| Other amounts receivable41 | - | €491,553 | €208,194 | ▼ 57.6% |
| Cash at bank and in hand54/58 | €11,068 | €12,196 | €10,635 | ▼ 12.8% |
| Deferred charges and accrued income490/1 | - | €4,775 | €10,654 | ▲ 123% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €512,438 | €945,938 | €919,612 | ▼ 2.8% |
| Equity10/15 | €231,157 | €359,414 | €357,335 | ▼ 0.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | = |
| Reserves13 | €168,200 | €297,200 | €295,200 | ▼ 0.7% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €291,000 | €289,000 | ▼ 0.7% |
| Profit (loss) carried forward14 | €957 | €214 | €135 | ▼ 37.0% |
| Amounts payable17/49 | €281,281 | €586,524 | €562,277 | ▼ 4.1% |
| Amounts payable within one year42/48 | €281,281 | €571,524 | €562,277 | ▼ 1.6% |
| Trade debts44 | €164,534 | €415,828 | €339,244 | ▼ 18.4% |
| Suppliers440/4 | - | €415,828 | €339,244 | ▼ 18.4% |
| Taxes, remuneration and social security45 | - | €155,696 | €223,032 | ▲ 43.2% |
| Taxes450/3 | - | €116,407 | €122,426 | ▲ 5.2% |
| Remuneration and social security454/9 | - | €39,289 | €100,607 | ▲ 156% |
| Accrued charges and deferred income492/3 | - | €15,000 | - | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €169,157 | €128,257 | €159,921 | ▲ 24.7% |
| + Depreciation and write-downs630 | €9,303 | €7,649 | €15,789 | ▲ 106% |
| Operating cash flow (approximation) | €178,460 | €135,906 | €175,710 | ▲ 29.3% |
| Investment in fixed assets (approximation) | - | -€16,385 | -€41,841 | ▼ 155% |
| Change in cash | - | €1,128 | -€1,561 | ▼ 238% |
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
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
31-12
Financial
Weakest financial yearnet €128,257 ▼24.2%
Net result drops to €128,257, the lowest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Part of the group
Nuclys
450 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- Nuclys
- De Cronos Groep
- Bewire
- The Value Hub
- SHAPE & SHIFT
Highest known parent: Nuclys. The sources do not say who stands above it.
Owners 1
- The Value HubparentSourceown accounts 2022100%
Holdings 0
The accounts to 31-12-2022 list no holdings, and no other source names one.
According to the 2022 annual accounts of SHAPE & SHIFT 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
No current directors or connected companies found in the register.