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SHIFT

Active Private limited companyfounded 1994active for 31 yearsAdolphe Saxplein 5, 1050 IxellesKBO/BCE: BE 0454.139.152
SHIFT
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 31-08-2026, 31 days late
€855
▼ 38.5%
-€7,062
▼ €321
-€7,468
▼ €750
€15,406
▼ 4.3%
79.0%
▲ 26.5 percentage points
2.87
▲ 1.40

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €9,800. Estimated: probably between €4,200 and €23,000.

Balance sheet

balance sheet total €39,276 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

79.0%

Higher than 83% of 9,886 companies in 2025.

2.87

Higher than 70% of 9,650 companies in 2025.

-19.0%

Higher than 7% of 9,765 companies in 2025.

SHIFT Middle half of the sector 80% of the sector Abbreviated accounts in wholesale trade (NACE 46)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 39,27673,24383,70083,588115,725153,400179,262217,807298,785285,022276,825263,795273,586233,536219,092200,927191,360183,398172,507165,678
21/28 15,63422,85730,3163,6834,1564,7112,6652,9563,5739,78315,90619,74026,1364,7663,8004,0029,65814,40719,76125,186
22/27 13,13420,35727,8161,1831,6562,2111654561,0737,28313,40617,24023,6362,2661,3001,5027,15811,90717,26122,686
24 13,13420,35727,8161,1831,6562,2111654561,0737,28313,40617,24023,6362,2661,3001,5027,15811,90717,26122,065
26 -------------------621
28 2,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,500
29/58 23,64250,38753,38579,906111,569148,690176,598214,851295,212275,239260,920244,054247,450228,770215,292196,926181,703168,991152,746140,493
40/41 18,05930,2618,6914,7084,9964,44013,43114,64848,04941,11948,77840,85541,80436,68041,01341,21125,68124,75216,09424,579
40 1,81517,5914,3482,7232,8862,14013,43114,64812,30310,04116,11510,70513,7889,28112,02911,69211,9949,7098,25814,798
41 16,24412,6704,3431,9862,1102,300--35,74631,07932,66330,14928,01627,39928,98429,51913,68815,0437,8359,781
50/53 ----------30,00030,00030,00030,00030,000-----
54/58 5,58320,12644,69475,198106,573144,249163,167200,203247,163234,120182,142173,200175,646162,090144,279155,715156,021144,239136,652115,914
Balance sheet: equity and liabilities
10/49 39,27673,24383,70083,588115,725153,400179,262217,807298,785285,022276,825263,795273,586233,536219,092200,927191,360183,398172,507165,678
10/15 31,04038,50867,52564,851112,937107,899143,998140,743289,357274,396260,936245,119233,072227,852214,253196,080185,722175,936161,929147,054
10/11 18,60018,60018,60018,60018,60018,60018,60018,600189,600189,600189,600189,600189,60018,59218,59218,59218,59218,59218,59218,592
10 ---18,60018,600---------------
100 ---18,60018,60018,60018,60018,600189,600189,600189,600189,600189,60018,59218,59218,59218,59218,59218,59218,592
11 18,60018,60018,600-----------------
1109/19 18,60018,60018,600-----------------
13 4,5314,53126,83129,83163,83163,831103,056116,63194,33180,37167,79451,1933,0701,8591,8591,8591,8591,8591,8591,859
130/1 ---4,5314,5314,531--------------
130 ---4,5314,5314,5314,5314,5314,5314,5314,5313,6733,0701,8591,8591,8591,8591,8591,8591,859
133 4,5314,53126,83125,30059,30059,30098,525112,10089,80075,84063,26347,520--------
14 7,90915,37722,09416,41930,50625,46822,3425,5115,4254,4243,5424,32640,402207,401193,802175,629165,271155,485141,477126,603
17/49 8,23634,73616,17518,7382,78745,50135,26477,0659,42810,62615,88918,67640,5145,6844,8394,8475,6387,46110,57818,625
17 -4465,661--------1,3016,412-----1,3985,493
170/4 -4465,661--------1,3016,412-----1,3985,493
42/48 8,23634,29010,51418,7382,78745,50135,26477,0659,42810,62615,88917,37534,1025,6844,8394,8475,6387,4619,18013,131
42 4465,2154,977-------1,3015,1104,962----1,3984,0953,951
44 5,9905,155-7855646221,052-----2,6281,699--795137322,116
440/4 5,9905,155-7855646221,052-----2,6281,699--795137322,116
45 1,8001,4702,5372,2231,8545,6547,49711,7409,42810,62614,58812,26526,5123,9854,8394,8474,8436,0514,3537,064
450/3 1,8001,4702,5372,2231,8545,6547,49711,7409,42810,62614,58812,26526,5123,9854,8394,8474,8436,0514,3537,064
47/48 -22,4503,00015,72937039,22526,71565,325------------
Income statement
9900 8551,39114,650-17,2148,6986,37325,18334,67926,66427,85529,88326,48735,11214,92323,35913,72817,11621,39526,62430,853
630 7,2237,4596,9004735553192916177,2487,1007,1356,8247,1211,4036135,6566,9496,9208,2877,547
640/8 6956731,4487947877857777697617538398381,9407341,7702,4381,9942,4121,2711,658
9901 -7,062-6,7416,301-18,4817,3555,26924,11533,29218,65420,00221,90918,82526,05112,78720,9755,6348,17312,06317,06721,647
75/76B 721356-4,493-810162,8974,0893,9404,2916,5765,5471,9577,6964,0826,1402,3632,183
75 721356-4,493-810162,8974,0893,9404,2916,5765,5471,9577,6964,0826,1402,3632,183
65/66B 7633262799335161193832222388353512578801160173334291500658
65 7633262799335161193832222388353512578801160173334291500658
9903 -6,418-6,7175,675-14,0877,0215,11623,93132,47621,32823,70225,49522,60432,04917,53422,77213,15811,92117,91218,92923,173
67/77 1,050---1,9821,9907,10110,09010,1477,8208,32110,5587,8293,9354,5992,8002,1353,9044,0554,976
9904 -7,468-6,7175,675-14,0875,0383,12616,83122,38611,18115,88217,17512,04724,22013,59918,17310,3589,78614,00714,87518,197
9905 -7,468-6,7175,675-14,0875,0383,12616,83122,38611,18115,88217,17512,04724,22013,59918,17310,3589,78614,00714,87518,197
Appropriation of the result
9906 7,90915,37722,09416,41930,50625,46822,34227,81115,60519,42421,50152,449231,621207,401193,802175,629165,271155,485141,477126,603
14P 15,37722,09416,41930,50625,468---------------
791/2 -22,3003,00034,000-39,22513,575-------------
691/2 -------22,30010,18015,00017,95948,1221,211-------
6920 -------22,30010,18015,0008596021,211-------
6921 ----------17,10047,520--------
694/7 -22,3003,00034,000-39,22513,575-----190,008-------
694 -22,3003,00034,000-39,22513,575-----190,008-------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 7 older financial years (1999-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 6 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.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00486512.

Financial year Type Filed Reference Document
31-12-2025 abbreviated format 31-08-2026 2026-00486512 PDF
31-12-2024 micro format 31-08-2025 2025-00465565 PDF
31-12-2023 micro format 31-08-2024 2024-00444254 PDF
31-12-2022 micro format 31-08-2023 2023-00432672 PDF
31-12-2021 micro format 31-08-2022 2022-20404233 PDF
31-12-2020 micro format 31-08-2021 2021-64100513 PDF
31-12-2019 micro format 29-10-2020 2020-65300386 PDF
31-12-2018 micro format 30-08-2019 2019-62500168 PDF
31-12-2017 micro format 31-08-2018 2018-60600082 PDF
31-12-2016 micro format 31-08-2017 2017-58400422 PDF
31-12-2015 full format 31-08-2016 2016-57100453 PDF
31-12-2014 full format 31-08-2015 2015-56000526 PDF
31-12-2013 full format 31-08-2014 2014-55800203 PDF
31-12-2012 full format 30-08-2013 2013-55800187 PDF
31-12-2011 full format 31-08-2012 2012-54400272 PDF
31-12-2010 full format 31-08-2011 2011-52000128 PDF
31-12-2009 full format 31-08-2010 2010-52400205 PDF
31-12-2008 full format 31-08-2009 2009-69700207 PDF
31-12-2007 full format 31-08-2008 2008-67500004 PDF
31-12-2006 full format 29-08-2007 2007-62700276 PDF
31-12-2005 full format 31-08-2006 2006-71803910 PDF
31-12-2004 full format 26-09-2005 2005-71004477 PDF
31-12-2003 full format 27-09-2004 2004-66703562 PDF
31-12-2002 full format 31-07-2003 2003-56801723 PDF
31-12-2001 full format 29-07-2002 2002-43201350 PDF
31-12-2000 full format 20-11-2001 2001-70405254 PDF
31-12-1999 full format 12-12-2000 2000-75402818 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
16071813,202-18,0087,9115,58824,40633,91025,90227,10229,04425,64933,17214,18921,58811,29115,12218,98425,35329,194
-24574212,575-13,6145,5943,44517,12223,00318,43022,98324,31018,87131,34115,00118,78616,01416,73520,92823,16125,744
0033,534002,365001,0399783,30042928,4912,36841202,2001,5662,86223,774
-14,543-24,568-30,504-31,375-37,676-18,917-37,036-46,96013,04351,9788,942-2,44613,55517,811-11,436-30611,7827,58720,738-
15,40616,09742,87061,168108,782103,188141,334137,786285,783264,612245,030226,680213,348223,086210,453192,079176,065161,529143,566127,361
79.0%52.6%80.7%77.6%97.6%70.3%80.3%64.6%96.8%96.3%94.3%92.9%85.2%97.6%97.8%97.6%97.1%95.9%93.9%88.8%
2.871.475.084.2640.033.275.012.7931.3125.9016.4214.057.2640.2544.4940.6332.2322.6516.6410.70
0.270.900.240.290.020.420.240.550.030.040.060.080.170.020.020.020.030.040.070.13
-24.1%-17.4%8.4%-21.7%4.5%2.9%11.7%15.9%3.9%5.8%6.6%4.9%10.4%6.0%8.5%5.3%5.3%8.0%9.2%12.4%
-19.0%-9.2%6.8%-16.9%4.4%2.0%9.4%10.3%3.7%5.6%6.2%4.6%8.9%5.8%8.3%5.2%5.1%7.6%8.6%11.0%
2.102.1621.06-181.8123.65---------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets--€33,534--
€7,223€7,459€6,900€473€555

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on SHIFT

The operating result for 2025 is a loss of €7,062, larger than the loss of €6,741 in 2024. It is the lowest result since 2022.

Debt's share of the balance-sheet total falls from 47.4% to 21.0%. Equity and debt are lower.

Next steps

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