Equity
€31,040 from €289,357 in 2017
Equity fell by 89% in 8 years.
SHIFT
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €35,112 (2013)
€855▼ 38.5%
lowest -€14,087 (2022)
-€7,468▼ €750
peak €289,357 (2017)
€31,040▼ 19.4%
€8,236▼ 76.3%
Board2 names since 1999
1 directorVAN DER HAEGHEN DIDIER
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €1,391 to €855Loss of €7,468Equity from €38,508 to €31,040Debts from €34,736 to €8,236Cash from €20,126 to €5,583
Key points
from the 2025 annual accountsLosses
-€14,185 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Turnover
≈ €9,800 estimated
The accounts state no turnover.
Liquidity
2.87 was 1.47 in 2024
Short-term debts fell from €34,290 to €8,236.
Filings
27 annual accounts since 1999
Ten of the last ten came late. The 2019 accounts came latest: 90 days after the end of the period.
Position in the sector
€31,040
Less equity than 82% of companies in wholesale trade. Sector median €362,112 · 9,882 companies.
Checked score
70
Healthy
Financially stronger than 49% of micro companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,895 companies (NACE 46, micro).
About 6 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 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.6%▲ +0.4 percentage points vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.6%▼ -0.2 percentage points vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Loss of €7,468, the second in a row (financial year 2025)
Last filed accounts filed 31 days late; 3 of the last 3 accounts late
lowers risk
Founded in 1994
Liquidity: current ratio 2.87, cash €5,583, halved
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 46, micro). It does better than 90% of them on solvency, 67% on liquidity, 21% on profitability and 19% on growth.
The bankruptcy probability was computed on 06-11-2026 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 low class on 30-06-2025, 0.8% 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, 5,831 companies had the same profile as SHIFT has now. Each dot stands for 15 companies, two years later.
84.6%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SHIFT itself: 0.6% 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.
| 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 5,831 companies, not a prediction for SHIFT. 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 €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.87 (1.47 in 2024), above the usual 1.5. Short-term debt is 21% and cash 14.2% of total assets. 21% 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
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€7,468
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
31 days late
2023
31 days late
2022
31 days late
2021
31 days late
2020
31 days late
2019
90 days late
← 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 39 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
VD
VAN DER HAEGHEN DIDIER
Director, since 23-08-1999
- VANDERHAEGHEN Didier Jean Marie Antoine Ghislain all the sharesdeed of 02-05-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0454139152
Appointment: VANDERHAEGHEN Didier Jean Marie Antoine Ghislain (director)
VANDERHAEGHEN Didier Jean Marie Antoine Ghislain holds all the shares · Legal-form conversion: to private limited company · General meeting of 14-04-2023 · Gazette deed
First establishment
Adolphe Saxplein 5, Ixelles
Incorporation
published on 13-01-1995 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SHIFT Ixelles | €39,276 | €855 | 79.0% | - |
| RLB SALES en MARKETING Ixelles | €49,450 | -€2,959 | -77.5% | - |
| TAILORED COMPUTER SYSTEMS Uccle | €34,898 | -€15,880 | 9.2% | - |
| MAC.C Ghent | €44,899 | €1,511 | 61.1% | - |
| EUREKA AVIATION Wevelgem | €69,029 | -€5,074 | -346.1% | - |
| CONCEPT Jemeppe-sur-Sambre | €44,553 | -€66 | 99.8% | - |
| MICRODEVICE Leuven | €59,074 | -€5,632 | 69.8% | - |
These companies have the same main activity as SHIFT: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €34,900 and €69,000, founded between 1985 and 1999.
Official details
Source: KBO- Status
- Active since 22-12-1994Normal situation
- Activity
- Wholesale of information and communication equipmentNACE 46500and 3 others
- Establishment unit
- 2.069.637.3321050 Ixelles, since 04-01-1995
- Financial year end
- 31 December
- Peppol
- Reachable since 14-01-2026
Insights on SHIFT
SHIFT files the abbreviated format. That format states no turnover. The gross margin fell from €30,853 in 2006 to €855 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SHIFT
- What is the company number of SHIFT?
- The company number of SHIFT is 0454.139.152. The VAT number is the same number with BE in front: BE 0454.139.152.
- Where is SHIFT based?
- The registered office is at Adolphe Saxplein 5, 1050 Ixelles.Company details
- What does SHIFT do?
- According to the KBO register, the main activity is wholesale of information and communication equipment (NACE 46500).
- What is the legal form of SHIFT?
- SHIFT is a private limited company (BV).
- When was SHIFT founded?
- SHIFT was founded on 22-12-1994.
- Is SHIFT still active?
- Yes, SHIFT is an active enterprise in the KBO register.
- What is the turnover of SHIFT?
- The turnover in financial year 2025 is ≈ €9,800. This figure is estimated from the gross margin of €855 and 133 comparable companies (NACE 46). It probably lies between €4,200 and €23,000. It is a rough estimate.Financials
- Is SHIFT profitable?
- In financial year 2025, SHIFT made a loss of €7,468.
- Where can I find the annual accounts of SHIFT?
- SHIFT filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SHIFT due?
- SHIFT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.