Shiftⁿ
ActiveSummary
Shiftⁿ has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,121 and a net result of €14,289. Equity is shrinking by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 45% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+74
Solvency75▲+20
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.34 in 2024; short-term debt: 49.4% and cash: 18.8% of total assets), and 49.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.5%
Return on assets
12%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-12-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
18 d early
2023
on the day
2022
4 d early
2021
6 d early
2020
9 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 25 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€60,121▲ 31.2%
2024 · €45,832
Total assets
€119,122▼ 21.8%
2024 · €152,272
Net result
€14,289
2024 · -€28,466
Working capital
€54,611▲ 50.6%
2024 · €36,273
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,054▲ 34.2%€3,888▼ 44.9%€14,410▲ 271%-€23,189€20,410
Net result€5,741within the sector's middle half▲ 56.0%€1,897below the sector's middle half▼ 67.0%€7,191within the sector's middle half▲ 279%-€28,466below the sector's middle half€14,289within the sector's middle half
Equity€83,228within the sector's middle half▼ 19.2%€71,666within the sector's middle half▼ 13.9%€74,299within the sector's middle half▲ 3.7%€45,832within the sector's middle half▼ 38.3%€60,121within the sector's middle half▲ 31.2%
Total assets€126,935within the sector's middle half▲ 2.4%€202,929within the sector's middle half▲ 59.9%€85,522within the sector's middle half▼ 57.9%€152,272within the sector's middle half▲ 78.1%€119,122within the sector's middle half▼ 21.8%
Debt€43,707▲ 109%€131,263▲ 200%€11,223▼ 91.4%€106,440▲ 848%€59,001▼ 44.6%
Working capital€68,275within the sector's middle half▼ 18.1%€51,422within the sector's middle half▼ 24.7%€56,685within the sector's middle half▲ 10.2%€36,273within the sector's middle half▼ 36.0%€54,611within the sector's middle half▲ 50.6%
Solvency65.6%within the sector's middle half▼ 17.6pp35.3%within the sector's middle half▼ 30.3pp86.9%above the sector's middle half▲ 51.6pp30.1%within the sector's middle half▼ 56.8pp50.5%within the sector's middle half▲ 20.4pp
Current ratio2.57within the sector's middle half▼ 2.421.39within the sector's middle half▼ 1.186.05above the sector's middle half▲ 4.661.34within the sector's middle half▼ 4.711.93within the sector's middle half▲ 0.59
Return on assets (ROA)4.5%within the sector's middle half▲ 1.6pp0.9%below the sector's middle half▼ 3.6pp8.4%within the sector's middle half▲ 7.5pp-18.7%below the sector's middle half▼ 27.1pp12.0%within the sector's middle half▲ 30.7pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20,410 after a loss of €23,189 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €119,122
Fixed assets
€5,724 ▼ 40.1%
Current assets
€113,398 ▼ 20.5%
Equity and liabilities €119,122
Equity
€60,121 ▲ 31.2%
Debt
€59,001 ▼ 44.6%
Debt's share of the balance-sheet total falls from 69.9% to 49.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,981▲
2024 · -€19,426
Cash flow
€16,859▲
2024 · -€24,703
Debt to equity
0.98▼
2024 · 2.32
ROE
23.8%▲
2024 · -62.1%
Interest coverage
4.81▲
2024 · -3.57
Debt ≤ 1 year
€58,787▼
2024 · €106,440
Income taxes
€1,606▲
2024 · €138
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,126 | €2,457 | €3,763 | €3,763 | €2,570 | ▼ 31.7% |
| Other operating charges640/8 | - | €1,024 | €798 | €4,489 | €4,425 | ▼ 1.4% |
| Gross operating margin9900 | €9,479 | €7,369 | €18,971 | -€14,937 | €27,406 | ▲ 283% |
| Operating profit (loss)9901 | €7,054 | €3,888 | €14,410 | -€23,189 | €20,410 | ▲ 188% |
| Financial income75/76B | - | €520 | €6 | €305 | €265 | ▼ 13.2% |
| Recurring financial income75 | €2,550 | €520 | €6 | €305 | €265 | ▼ 13.2% |
| Financial charges65/66B | - | €781 | €2,558 | €5,444 | €4,781 | ▼ 12.2% |
| Recurring financial charges65 | €147 | €781 | €2,558 | €5,444 | €4,781 | ▼ 12.2% |
| Profit (loss) for the period before taxes9903 | €9,457 | €3,627 | €11,858 | -€28,328 | €15,894 | ▲ 156% |
| Income taxes67/77 | €3,716 | €1,730 | €4,667 | €138 | €1,606 | ▲ 1,061% |
| Profit (loss) for the period9904 | €5,741 | €1,897 | €7,191 | -€28,466 | €14,289 | ▲ 150% |
| Profit (loss) for the period to be appropriated9905 | €5,741 | €1,897 | €7,191 | -€28,466 | €14,289 | ▲ 150% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126,935 | €202,929 | €85,522 | €152,272 | €119,122 | ▼ 21.8% |
| Fixed assets21/28 | €15,195 | €20,244 | €17,613 | €9,560 | €5,724 | ▼ 40.1% |
| Intangible fixed assets21 | - | €6,487 | €5,189 | €3,891 | €2,593 | ▼ 33.4% |
| Tangible fixed assets22/27 | €9,489 | €8,051 | €6,718 | €4,253 | €2,981 | ▼ 29.9% |
| Furniture and vehicles24 | - | €5,311 | €5,180 | €3,917 | €2,981 | ▼ 23.9% |
| Other tangible fixed assets26 | - | €2,740 | €1,538 | €336 | - | - |
| Financial fixed assets28 | €5,706 | €5,706 | €5,706 | €1,416 | €150 | ▼ 89.4% |
| Current assets29/58 | €111,741 | €182,685 | €67,909 | €142,712 | €113,398 | ▼ 20.5% |
| Amounts receivable within one year40/41 | €61,875 | €31,791 | €58,271 | €131,704 | €90,880 | ▼ 31.0% |
| Trade receivables40 | - | €14,957 | €45,674 | €111,959 | €78,882 | ▼ 29.5% |
| Other amounts receivable41 | - | €16,834 | €12,597 | €19,745 | €11,999 | ▼ 39.2% |
| Cash at bank and in hand54/58 | €49,179 | €129,066 | €9,118 | €10,541 | €22,451 | ▲ 113% |
| Deferred charges and accrued income490/1 | - | €21,828 | €520 | €468 | €67 | ▼ 85.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126,935 | €202,929 | €85,522 | €152,272 | €119,122 | ▼ 21.8% |
| Equity10/15 | €83,228 | €71,666 | €74,299 | €45,832 | €60,121 | ▲ 31.2% |
| Contributions10/11 | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €76,226 | €65,366 | €67,999 | €39,532 | €53,821 | ▲ 36.1% |
| Non-distributable reserves130/1 | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | €63,506 | €67,999 | €39,532 | €53,821 | ▲ 36.1% |
| Profit (loss) carried forward14 | €702 | €0 | €0 | - | - | - |
| Amounts payable17/49 | €43,707 | €131,263 | €11,223 | €106,440 | €59,001 | ▼ 44.6% |
| Amounts payable within one year42/48 | €43,466 | €131,263 | €11,223 | €106,440 | €58,787 | ▼ 44.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €6,500 | - |
| Trade debts44 | €14,173 | €111,460 | €3,075 | €100,500 | €39,081 | ▼ 61.1% |
| Suppliers440/4 | - | €111,460 | €3,075 | €100,500 | €39,081 | ▼ 61.1% |
| Taxes, remuneration and social security45 | - | €2,073 | €1,170 | €1,138 | €10,834 | ▲ 852% |
| Taxes450/3 | - | €2,073 | €1,170 | €1,138 | €10,834 | ▲ 852% |
| Other amounts payable47/48 | - | €17,730 | €6,979 | €4,801 | €2,372 | ▼ 50.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €214 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,741 | €1,897 | €7,191 | -€28,466 | €14,289 | ▲ 150% |
| + Depreciation and write-downs630 | €2,126 | €2,457 | €3,763 | €3,763 | €2,570 | ▼ 31.7% |
| Operating cash flow (approximation) | €7,867 | €4,354 | €10,954 | -€24,703 | €16,859 | ▲ 168% |
| Investment in fixed assets (approximation) | - | -€7,507 | -€1,132 | €4,290 | €1,266 | ▼ 70.5% |
| Change in cash | - | €79,887 | -€119,948 | €1,423 | €11,910 | ▲ 737% |
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
Next filing, fiscal year 2026, expected by
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €14,289
Net result €14,289 after one loss-making year.
13-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet -€28,466
Net result drops to -€28,466, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity quadruplescurrent ratio 6.05
Current ratio from 1.39 to 6.05; short-term debt falls from €131,263 to €11,223.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €100,000Eq €103,065 ▲3.7%
2 profitable years in a row build equity to €103,065.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
19-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Directors · office · real estate
Directors
4 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, Huldenberg · 1 establishment unit since 2001
Ground area
1,407 m²
Building footprint
160 m²
Volume, LiDAR
823 m³
Parcel 24085B0212/00B002, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Florivalstraat(OTT) 53, 3040 Huldenberg
since 20012.116.644.027
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24085B0212/00B002 | Flanders | 1,407 m² | 1 · 159 m² | 8.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 39,035 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-05-2001
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474893885
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.