SHIFT

Active Private limited companyfounded 1994active for 31 yearsAdolphe Saxplein 5, 1050 IxellesKBO/BCE: BE 0454.139.152

SHIFT

Follow Report Compare

Overview

Lifetime

20 annual accounts with figures on one time axis, 27 filings since 1999

Compare with

peak €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 accounts

Equity

€31,040 from €289,357 in 2017

Equity fell by 89% in 8 years.

Losses

-€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

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 strength

Average

100+22equity 79.0% of total assets

61=short-term debt 21.0% · cash 14.2%

18-7return on assets -19.0%

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

Micro
20 years or older
solvency 30% or more
a loss of 10% of the balance sheet or more

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.

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 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

Loss of €7,468, the second in a row (financial year 2025)

NBB · annual accounts

Last filed accounts filed 31 days late; 3 of the last 3 accounts late

NBB · filings

Founded in 1994

Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.

KBO

Liquidity: current ratio 2.87, cash €5,583, halved

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€7,468

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 filings

Deviation 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)

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 months

Where today falls in the filing period

07-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Board and ownership

VAN DER HAEGHEN DIDIER

Director, since 23-08-1999

VANDERHAEGHEN Didier Jean Marie Antoine Ghislain all the sharesdeed of 02-05-2023

Board & ownership

Recent changes

14-01-2026

Registered in the Peppol Directory Reachable for e-invoices through 0208:0454139152

02-05-2023

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

04-01-1995

First establishment Adolphe Saxplein 5, Ixelles

22-12-1994

Incorporation published on 13-01-1995 · Gazette deed

All 37 events

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

Company details

Annual accounts 2025

: €855▼ 38.5%
: €7,468▲ 11.2%
: €31,040▼ 19.4%
: €39,276▼ 46.4%
Filing: Filed on 31-08-2026

Financials

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.

Financials

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

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	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	39,276	73,243	83,700	83,588	115,725	153,400	179,262	217,807	298,785	285,022	276,825	263,795	273,586	233,536	219,092	200,927	191,360	183,398	172,507	165,678
`21/28`	15,634	22,857	30,316	3,683	4,156	4,711	2,665	2,956	3,573	9,783	15,906	19,740	26,136	4,766	3,800	4,002	9,658	14,407	19,761	25,186
`22/27`	13,134	20,357	27,816	1,183	1,656	2,211	165	456	1,073	7,283	13,406	17,240	23,636	2,266	1,300	1,502	7,158	11,907	17,261	22,686
`24`	13,134	20,357	27,816	1,183	1,656	2,211	165	456	1,073	7,283	13,406	17,240	23,636	2,266	1,300	1,502	7,158	11,907	17,261	22,065
`26`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	621
`28`	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500
`29/58`	23,642	50,387	53,385	79,906	111,569	148,690	176,598	214,851	295,212	275,239	260,920	244,054	247,450	228,770	215,292	196,926	181,703	168,991	152,746	140,493
`40/41`	18,059	30,261	8,691	4,708	4,996	4,440	13,431	14,648	48,049	41,119	48,778	40,855	41,804	36,680	41,013	41,211	25,681	24,752	16,094	24,579
`40`	1,815	17,591	4,348	2,723	2,886	2,140	13,431	14,648	12,303	10,041	16,115	10,705	13,788	9,281	12,029	11,692	11,994	9,709	8,258	14,798
`41`	16,244	12,670	4,343	1,986	2,110	2,300	-	-	35,746	31,079	32,663	30,149	28,016	27,399	28,984	29,519	13,688	15,043	7,835	9,781
`50/53`	-	-	-	-	-	-	-	-	-	-	30,000	30,000	30,000	30,000	30,000	-	-	-	-	-
`54/58`	5,583	20,126	44,694	75,198	106,573	144,249	163,167	200,203	247,163	234,120	182,142	173,200	175,646	162,090	144,279	155,715	156,021	144,239	136,652	115,914
Balance sheet: equity and liabilities
`10/49`	39,276	73,243	83,700	83,588	115,725	153,400	179,262	217,807	298,785	285,022	276,825	263,795	273,586	233,536	219,092	200,927	191,360	183,398	172,507	165,678
`10/15`	31,040	38,508	67,525	64,851	112,937	107,899	143,998	140,743	289,357	274,396	260,936	245,119	233,072	227,852	214,253	196,080	185,722	175,936	161,929	147,054
`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	189,600	189,600	189,600	189,600	189,600	18,592	18,592	18,592	18,592	18,592	18,592	18,592
`10`	-	-	-	18,600	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	-	-	-	18,600	18,600	18,600	18,600	18,600	189,600	189,600	189,600	189,600	189,600	18,592	18,592	18,592	18,592	18,592	18,592	18,592
`11`	18,600	18,600	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`1109/19`	18,600	18,600	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`13`	4,531	4,531	26,831	29,831	63,831	63,831	103,056	116,631	94,331	80,371	67,794	51,193	3,070	1,859	1,859	1,859	1,859	1,859	1,859	1,859
`130/1`	-	-	-	4,531	4,531	4,531	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	4,531	4,531	4,531	4,531	4,531	4,531	4,531	4,531	3,673	3,070	1,859	1,859	1,859	1,859	1,859	1,859	1,859
`133`	4,531	4,531	26,831	25,300	59,300	59,300	98,525	112,100	89,800	75,840	63,263	47,520	-	-	-	-	-	-	-	-
`14`	7,909	15,377	22,094	16,419	30,506	25,468	22,342	5,511	5,425	4,424	3,542	4,326	40,402	207,401	193,802	175,629	165,271	155,485	141,477	126,603
`17/49`	8,236	34,736	16,175	18,738	2,787	45,501	35,264	77,065	9,428	10,626	15,889	18,676	40,514	5,684	4,839	4,847	5,638	7,461	10,578	18,625
`17`	-	446	5,661	-	-	-	-	-	-	-	-	1,301	6,412	-	-	-	-	-	1,398	5,493
`170/4`	-	446	5,661	-	-	-	-	-	-	-	-	1,301	6,412	-	-	-	-	-	1,398	5,493
`42/48`	8,236	34,290	10,514	18,738	2,787	45,501	35,264	77,065	9,428	10,626	15,889	17,375	34,102	5,684	4,839	4,847	5,638	7,461	9,180	13,131
`42`	446	5,215	4,977	-	-	-	-	-	-	-	1,301	5,110	4,962	-	-	-	-	1,398	4,095	3,951
`44`	5,990	5,155	-	785	564	622	1,052	-	-	-	-	-	2,628	1,699	-	-	795	13	732	2,116
`440/4`	5,990	5,155	-	785	564	622	1,052	-	-	-	-	-	2,628	1,699	-	-	795	13	732	2,116
`45`	1,800	1,470	2,537	2,223	1,854	5,654	7,497	11,740	9,428	10,626	14,588	12,265	26,512	3,985	4,839	4,847	4,843	6,051	4,353	7,064
`450/3`	1,800	1,470	2,537	2,223	1,854	5,654	7,497	11,740	9,428	10,626	14,588	12,265	26,512	3,985	4,839	4,847	4,843	6,051	4,353	7,064
`47/48`	-	22,450	3,000	15,729	370	39,225	26,715	65,325	-	-	-	-	-	-	-	-	-	-	-	-
Income statement
`9900`	855	1,391	14,650	-17,214	8,698	6,373	25,183	34,679	26,664	27,855	29,883	26,487	35,112	14,923	23,359	13,728	17,116	21,395	26,624	30,853
`630`	7,223	7,459	6,900	473	555	319	291	617	7,248	7,100	7,135	6,824	7,121	1,403	613	5,656	6,949	6,920	8,287	7,547
`640/8`	695	673	1,448	794	787	785	777	769	761	753	839	838	1,940	734	1,770	2,438	1,994	2,412	1,271	1,658
`9901`	-7,062	-6,741	6,301	-18,481	7,355	5,269	24,115	33,292	18,654	20,002	21,909	18,825	26,051	12,787	20,975	5,634	8,173	12,063	17,067	21,647
`75/76B`	721	356	-	4,493	-	8	10	16	2,897	4,089	3,940	4,291	6,576	5,547	1,957	7,696	4,082	6,140	2,363	2,183
`75`	721	356	-	4,493	-	8	10	16	2,897	4,089	3,940	4,291	6,576	5,547	1,957	7,696	4,082	6,140	2,363	2,183
`65/66B`	76	332	627	99	335	161	193	832	222	388	353	512	578	801	160	173	334	291	500	658
`65`	76	332	627	99	335	161	193	832	222	388	353	512	578	801	160	173	334	291	500	658
`9903`	-6,418	-6,717	5,675	-14,087	7,021	5,116	23,931	32,476	21,328	23,702	25,495	22,604	32,049	17,534	22,772	13,158	11,921	17,912	18,929	23,173
`67/77`	1,050	-	-	-	1,982	1,990	7,101	10,090	10,147	7,820	8,321	10,558	7,829	3,935	4,599	2,800	2,135	3,904	4,055	4,976
`9904`	-7,468	-6,717	5,675	-14,087	5,038	3,126	16,831	22,386	11,181	15,882	17,175	12,047	24,220	13,599	18,173	10,358	9,786	14,007	14,875	18,197
`9905`	-7,468	-6,717	5,675	-14,087	5,038	3,126	16,831	22,386	11,181	15,882	17,175	12,047	24,220	13,599	18,173	10,358	9,786	14,007	14,875	18,197
Appropriation of the result
`9906`	7,909	15,377	22,094	16,419	30,506	25,468	22,342	27,811	15,605	19,424	21,501	52,449	231,621	207,401	193,802	175,629	165,271	155,485	141,477	126,603
`14P`	15,377	22,094	16,419	30,506	25,468	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	22,300	3,000	34,000	-	39,225	13,575	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	-	-	-	22,300	10,180	15,000	17,959	48,122	1,211	-	-	-	-	-	-	-
`6920`	-	-	-	-	-	-	-	22,300	10,180	15,000	859	602	1,211	-	-	-	-	-	-	-
`6921`	-	-	-	-	-	-	-	-	-	-	17,100	47,520	-	-	-	-	-	-	-	-
`694/7`	-	22,300	3,000	34,000	-	39,225	13,575	-	-	-	-	-	190,008	-	-	-	-	-	-	-
`694`	-	22,300	3,000	34,000	-	39,225	13,575	-	-	-	-	-	190,008	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

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

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
160	718	13,202	-18,008	7,911	5,588	24,406	33,910	25,902	27,102	29,044	25,649	33,172	14,189	21,588	11,291	15,122	18,984	25,353	29,194
-245	742	12,575	-13,614	5,594	3,445	17,122	23,003	18,430	22,983	24,310	18,871	31,341	15,001	18,786	16,014	16,735	20,928	23,161	25,744
0	0	33,534	0	0	2,365	0	0	1,039	978	3,300	429	28,491	2,368	412	0	2,200	1,566	2,862	23,774
-14,543	-24,568	-30,504	-31,375	-37,676	-18,917	-37,036	-46,960	13,043	51,978	8,942	-2,446	13,555	17,811	-11,436	-306	11,782	7,587	20,738	-
15,406	16,097	42,870	61,168	108,782	103,188	141,334	137,786	285,783	264,612	245,030	226,680	213,348	223,086	210,453	192,079	176,065	161,529	143,566	127,361
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%
2.87	1.47	5.08	4.26	40.03	3.27	5.01	2.79	31.31	25.90	16.42	14.05	7.26	40.25	44.49	40.63	32.23	22.65	16.64	10.70
0.27	0.90	0.24	0.29	0.02	0.42	0.24	0.55	0.03	0.04	0.06	0.08	0.17	0.02	0.02	0.02	0.03	0.04	0.07	0.13
-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%
2.10	2.16	21.06	-181.81	23.65	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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

Item	2025	2024	2023	2022	2021
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.

Board & ownership

Board

1 director, last change in 2023

VAN DER HAEGHEN DIDIER

Director

since 23-08-1999

listed in the 2025 annual accounts, filed on 31-08-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

VAN DER HAEGHEN DIDIER
Director

VANDERHAEGHEN Didier Jean Marie Antoine Ghislain
Director (not named in the articles)

BoardEarlierend not dated

Mandates as a list

VAN DER HAEGHEN DIDIER
- Director, from 23-08-1999 to date
VANDERHAEGHEN Didier Jean Marie Antoine Ghislain
- Director (not named in the articles), appointed by deed of 02-05-2023, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

Shareholder

VANDERHAEGHEN Didier Jean Marie Antoine Ghislain

This company

SHIFT

Equity €31,040

Loss €7,468 in 2025

Capital

Contribution: €18,600
Source: 2025 annual accounts

Articles of association

deed of 02-05-2023 (in French)

Duration: Unlimited
Board rule: 1 director

Shareholders

Stated in the deed deed of 02-05-2023 ↗

VANDERHAEGHEN Didier Jean Marie Antoine Ghislain all shares

Network & group

No group

SHIFT has no parent and no holdings in its annual accounts. VAN DER HAEGHEN DIDIER is the only director. SHIFT shares no director with another company.

At the same address

Adolphe Saxplein 5, 1050 Ixelles · 8 other companies

FINCO CONSULTING establishment since 31-05-2007 · founded in 2007	total assets €468,601 (2025) 0889.761.994
LE GRAND VIVANT establishment since 18-09-2018 · founded in 2018	total assets €9,011 (2025) 0704.738.850
Devaux, Axelle (sole trader) establishment since 01-04-2026	founded in 2026 1035.382.453
Asensio Guasch, Daniel (sole trader) establishment since 02-03-2026	founded in 2026 1021.576.977
Démaret, Camille (sole trader) establishment since 08-09-2025	founded in 2025 0848.156.914
Martín Paredes, Paula (sole trader) establishment since 14-04-2025	founded in 2025 1024.131.443
Materne, Dominique (sole trader) establishment since 01-01-2016	founded in 2016 0648.580.107
Costik registered office since 27-11-2008	founded in 2008 0808.032.467

Timeline

37 events since 1994

Board

Filings

Financial

Establishments

1995200020052010201520202025

Deadline for the 2026 accounts: 31-07-2027

2026

31-08-2026

Annual accounts 2025 filed NBBabbreviated format · 31 days late

14-01-2026

Registered in the Peppol Directory Reachable for e-invoices through 0208:0454139152

2025

31-08-2025

Annual accounts 2024 filed PDFmicro format · 31 days late

2024

31-08-2024

Annual accounts 2023 filed PDFmicro format · 31 days late

2023

31-12-2023

Back to profit net €5,675 The net result is €5,675, after one loss-making year.

31-08-2023

Annual accounts 2022 filed PDFmicro format · 31 days late

02-05-2023

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 14-04-20237 points ▸

VANDERHAEGHEN Didier Jean Marie Antoine Ghislain holds all the shares
General meeting, 14-04-2023
Legal-form conversion, to private limited company
100 shares
Director appointment, VANDERHAEGHEN Didier Jean Marie Antoine Ghislain (director (not named in the articles))
Registered office clause, Ixelles (1050 Bruxelles), Place Adolphe Sax 5 /11
Power of attorney, Jean-Pierre MARCHANT
The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

2022

31-12-2022

Weakest financial year net -€14,087 The net result drops to -€14,087, the lowest from 2006 to 2025. It recovers the following year.

31-08-2022

Annual accounts 2021 filed PDFmicro format · 31 days late

2021

31-12-2021

Liquidity more than 12 times current ratio 40.03 The current ratio rises from 3.27 to 40.03. Short-term debt falls from €45,501 to €2,787.

31-08-2021

Annual accounts 2020 filed PDFmicro format · 31 days late

2020

29-10-2020

Annual accounts 2019 filed PDFmicro format · 90 days late

2019

30-08-2019

Annual accounts 2018 filed PDFmicro format · 30 days late

2018

31-08-2018

Annual accounts 2017 filed PDFmicro format · 31 days late

2017

31-08-2017

Annual accounts 2016 filed PDFmicro format · 31 days late

2016

31-08-2016

Annual accounts 2015 filed PDFfull format · 31 days late

2015

31-08-2015

Annual accounts 2014 filed PDFfull format · 31 days late

2014

31-08-2014

Annual accounts 2013 filed PDFfull format · 31 days late

2013

31-12-2013

Highest result from 2006 to 2025 net €24,220 ▲78.1% The net result of €24,220 is the highest of those years.

30-08-2013

Annual accounts 2012 filed PDFfull format · 30 days late

2012

31-08-2012

Annual accounts 2011 filed PDFfull format · 31 days late

2011

31-12-2011

Equity above €200,000 equity €214,253 ▲9.3% With a profit in every financial year since 2006, equity grows to €214,253.

31-08-2011

Annual accounts 2010 filed PDFfull format · 31 days late

2010

31-08-2010

Annual accounts 2009 filed PDFfull format · 31 days late

2009

31-08-2009

Annual accounts 2008 filed PDFfull format · 31 days late

2008

31-08-2008

Annual accounts 2007 filed PDFfull format · 31 days late

2007

31-12-2007

Equity above €150,000 equity €161,929 ▲10.1% With a profit in every financial year since 2006, equity grows to €161,929.

29-08-2007

Annual accounts 2006 filed PDFfull format · 29 days late

2006

31-08-2006

Annual accounts 2005 filed PDFfull format

2005

26-09-2005

Annual accounts 2004 filed PDFfull format

2004

27-09-2004

Annual accounts 2003 filed PDFfull format

2003

31-07-2003

Annual accounts 2002 filed PDFfull format

2002

29-07-2002

Annual accounts 2001 filed PDFfull format

2001

20-11-2001

Annual accounts 2000 filed PDFfull format

2000

12-12-2000

Annual accounts 1999 filed PDFfull format

1995

04-01-1995

First establishment Adolphe Saxplein 5, Ixelles

1994

22-12-1994

Incorporation published on 13-01-1995

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

On 22 December 1994, SHIFT was incorporated.¹ Total assets went from €217,807 in 2018 to €39,276 in 2025.²

Company details

Identity

Enterprise number: 0454.139.152
VAT number: BE 0454.139.152
Peppol ID: 0208:0454139152
Other Peppol ID: 9925:BE0454139152
Legal form: Private limited company
Status: Active, normal situation
Founded: 22-12-1994
Financial year: ends on 31 December
Peppol: Reachable since 14-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: SHIFT in French
Entity type: Legal entity
Duration: Unlimited
deed of 02-05-2023 (in French)
Registered office clause: “Région de Bruxelles-Capitale”
deed of 02-05-2023 (in French)

Activities

NACEBEL 2025

46500 Wholesale of information and communication equipment main activity

62100 Computer programming

62200 Computer consultancy and computer facilities management

85599 Other education

Codes under NACEBEL 2008

46660 Wholesale trade main activity

62010 Computer programming, consultancy and related activities

62020 IT consultancy

85599 Other education

Codes under NACEBEL 2003

51850 main activity

72100

72220

80424

Purpose: “Toutes les opérations généralement quelconques industrielles, financières, mobilières, immobilières se rapportant directement ou…”
13 activities
Toutes les opérations généralement quelconques industrielles, financières, mobilières, immobilières se rapportant directement ou indirectement au commerce, la fabrication, la location, l’achat, la vente en gros et en détail, la représentation, la distribution, le service, le conditionnement, l’exploitation, le courtage, l’importation et l’exportation, soit de tous matériels et concepts permettant la gestion et le traitement de données par l’informatique et leur transmission et de leur utilisation par la bureautique et par toutes voies de télécommunications.
Elle peut participer à la formation de personnes à usage de l’informatique et à l’organisation de tous cours, stages ou conférences, agir comme consultant pour son propre compte ou pour le compte de tous tiers.
L’importation et l’exportation de tout type de matériel et denrées, concept et services
La promotion publicitaire et commerciales
L’importation et l’exportation, l’achat et la vente en gros ou au détail de matériels et de vêtements sportifs
L’organisation de stages de golf en Belgique et à l’étranger
L’organisation et le sponsoring de compétitions sportives en général et de golf en particulier
Le coaching sportif et mental et la gestion du stress
L’organisation de séminaires
L’achat, la vente, la location et la gestion, la rénovation de tous biens immeubles
Investir pour son propre compte dans toute forme de placement (bourse, immobilier..) et réaliser tous les actes liés à la gestion de ces investissements
Exercer les fonctions d’administrateur, de gérant ou de liquidateur dans une autre société
S’intéresser par toutes voies dans toutes affaires, entreprises ou sociétés ayant un objet identique, analogue, similaire ou connexe ou qui serait de nature à favoriser le développement de son entreprise
deed of 02-05-2023 (in French)

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Adolphe Saxplein 5 registered office 1050 Ixelles	04-01-1995	2.069.637.332

Buildings and parcels at the address

Ground area: 371 m²
Buildings: 371 m²
Volume, LiDAR: 8,877 m³
Tallest building: 26.7 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

9 companies at this address See who is registered here

Parcels

Cadastral parcel	Area	Buildings	Height / floors
21443C0202/00W002	371 m²	1 · 371 m²	26.6 m · 8

Overview

Lifetime

Key points

Equity

Losses

Turnover

Liquidity

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on SHIFT

Financials

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency79.0%

Current ratio2.87

Return on assets-19.0%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on SHIFT

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Shareholders

Network & group

No group

At the same address

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

in euro

in euro

79.0%

2.87

-19.0%