SHIFT
ActiveSHIFT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €-7k. Equity is shrinking by ~21.9% per year across the filed fiscal years. Its solvency ranks better than 83% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▼-7
Solvency100▲+22
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.87 against 1.47 in 2024; short-term debt: 21% and cash: 14.2% of total assets), and 21% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79%
Return on assets
-19%
Age of the figures
9 mo
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 €-7k
neutral · Filed after the deadline
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. 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
31 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€31k▼ 19.4%
2024 · €39k
2018: €141k
2019: €144k
2020: €108k
2021: €113k
2022: €65k
2023: €68k
2024: €39k
2018 → 2025
Total assets
€39k▼ 46.4%
2024 · €73k
2018: €218k
2019: €179k
2020: €153k
2021: €116k
2022: €84k
2023: €84k
2024: €73k
2018 → 2025
Net result
€-7k▼ 11.2%
2024 · €-7k
2018: €22k
2019: €17k
2020: €3k
2021: €5k
2022: €-14k
2023: €6k
2024: €-7k
2018 → 2025
Working capital
€15k▼ 4.3%
2024 · €16k
2018: €138k
2019: €141k
2020: €103k
2021: €109k
2022: €61k
2023: €43k
2024: €16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€113k-€65k▼ 42.6%€68k▲ 4.1%€39k▼ 43.0%€31k▼ 19.4%
Operating result€7k-€-18k€6k€-7k€-7k▼ 4.8%
Net result€5k-€-14k€6k€-7k€-7k▼ 11.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €7k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39k
Fixed assets
€16k▼ 31.6%
Current assets
€24k▼ 53.1%
Equity and liabilities €39k
Equity
€31k▼ 19.4%
Debt
€8k▼ 76.3%
The debt ratio falls from 47.4% to 21.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€160▼
2024 · €718
Cash flow
€-245▼
2024 · €742
Solvency
79.0%▲
2024 · 52.6%
Current ratio
2.87▲
2024 · 1.47
Quick ratio
2.87▲
2024 · 1.47
Debt / equity
0.27▼
2024 · 0.90
ROE
-24.1%▼
2024 · -17.4%
ROA
-19.0%▼
2024 · -9.2%
Interest coverage
2.10▼
2024 · 2.16
Debt
€8k▼
2024 · €35k
Debt ≤ 1 year
€8k▼
2024 · €34k
Income taxes
€1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€73k€39k▼
Fixed assets21/28€23k€16k▼
Tangible fixed assets22/27€20k€13k▼
Furniture and vehicles24€20k€13k▼
Financial fixed assets28€3k€3k=
Current assets29/58€50k€24k▼
Amounts receivable within one year40/41€30k€18k▼
Trade receivables40€18k€2k▼
Other amounts receivable41€13k€16k▲
Cash at bank and in hand54/58€20k€6k▼
Equity and liabilities
Total equity and liabilities10/49€73k€39k▼
Equity10/15€39k€31k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€5k€5k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€15k€8k▼
Amounts payable17/49€35k€8k▼
Amounts payable after more than one year17€446-
Financial debts170/4€446-
Amounts payable within one year42/48€34k€8k▼
Current portion of amounts payable after more than one year42€5k€446▼
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Other amounts payable47/48€22k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Other operating charges640/8€673€695▲
Gross operating margin9900€1k€855▼
Operating profit (loss)9901€-7k€-7k▼
Financial income75/76B€356€721▲
Recurring financial income75€356€721▲
Financial charges65/66B€332€76▼
Recurring financial charges65€332€76▼
Profit (loss) for the period before taxes9903€-7k€-6k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€-7k€-7k▼
Profit (loss) for the period to be appropriated9905€-7k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€8k▼
Profit (loss) brought forward from the previous period14P€22k€15k▼
Transfer from equity791/2€22k-
Profit to be distributed694/7€22k-
Return on contributions (dividend)694€22k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-14k ▼380%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity times 12current ratio 40.03
Current ratio from 3.27 to 40.03; short-term debt falls from €46k to €3k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Adolphe Saxplein 51050 ElseneGround area
371 m²
Building footprint
371 m²
Volume, LiDAR
8,877 m³
Parcel 21443C0202/00W002, Brussels · tallest building 26.7 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Adolphe Saxplein 5, 1050 Elsene
since 19952.069.637.332
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0202/00W002 | Brussels | 371 m² | 1 · 371 m² | 26.6 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CAMERA CREW SERVICES
BE 0825.681.519
Vilvoorde · Eq €31k
NABILOSAT ANTWERPEN
BE 0827.648.837
Antwerpen · Eq €31k
ACIS
BE 0832.173.193
Schaarbeek · Eq €31k
SOLINDIS
BE 0696.705.369
Malle · Eq €31k
Hived
BE 0738.973.912
Herentals · Eq €31k
Of 2,124 companies in sector 46500 we hold annual accounts for 1,404. 756 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-1994
Fiscal year end31-12
Activities, NACEBEL
46500Wholesale of information and communication equipment
46660Wholesale trade
51850
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
72100
72220
80424
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.