Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of SHIFT FROM WITHIN is 1.8% (moderate). The 2024 annual accounts show equity of €36k and a net result of €59k. Equity is shrinking by ~28.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 41% of 2542 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.8%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Multiple establishment units
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 14 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 14-07-2025 | 17 d early | 2025-00263254 |
| 31-12-2023 | 31-07-2024 | 12-07-2024 | 19 d early | 2024-00244481 |
| 31-12-2022 | 31-07-2023 | 31-08-2023 | 31 d late | 2023-00408940 |
| 31-12-2021 | 31-07-2022 | 21-07-2022 | 10 d early | 2022-20213271 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€59k-22.7%
Working capital€26k-83.3%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 14-07-2025 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Net result: growth of ~38.3%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 73, Advertising & market research · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 46.5% | 56.2% | |
| Net result | €59k | €19k | |
| Equity | €36k | €43k | |
| Gross operating margin | €79k | €37k | |
| Total assets | €78k | €93k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P41
Weakening position over 2022-2024
· n=1471-2542
P80
Improving position over 2022-2024
· n=1471-2544
P45
Weakening position over 2022-2024
· n=1471-2542
P74
Improving position over 2022-2024
· n=1470-2541
Describes the position versus peers, not a forecast.
€79k
-23.8%
22-24
€59k
-22.7%
22-24
€63k
-23.9%
22-24
€78k
-63.7%
22-24
€36k
-77.7%
22-24
€26k
-83.3%
22-24
€16k
-23.3%
22-24
€185k
+11462.5%
22-24
€42k
-20.3%
22-24
€42k
-20.3%
22-24
1.63
-59.3%
22-24
1.63
-59.3%
22-24
46.5%
-38.5%
22-24
1.15
+256.9%
22-24
163.8%
+246.2%
22-24
76.2%
+112.9%
22-24
1625.06
-38.7%
22-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €79k |
| Net profit | €59k |
| Cash flow | €63k |
| Staff costs | - |
| Income taxes | €16k |
| Dividends | €185k |
| Total assets | €78k |
| Equity | €36k |
| Debt | €42k |
| of which ≤ 1y | €42k |
| of which > 1y | - |
| Working capital | €26k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.63 |
| Quick ratio | 1.63 |
| Working capital ratio | 33.8% |
| Solvency | 46.5% |
| Debt / equity | 1.15 |
| Long-term debt ratio | - |
| Interest coverage | 1625.06 |
| Gross margin | - |
| Net margin | - |
| ROA | 76.2% |
| ROE | 163.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €78k |
| Fixed assets | 21/28 | €10k |
| Tangible fixed assets | 22/27 | €10k |
| Current assets | 29/58 | €68k |
| Amounts receivable within one year | 40/41 | €22k |
| Investments | 50/53 | €14k |
| Cash & bank | 54/58 | €31k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €78k |
| Equity | 10/15 | €36k |
| Contributions / capital | 10/11 | €3k |
| Reserves | 13 | €33k |
| Amounts payable | 17/49 | €42k |
| Amounts payable within one year | 42/48 | €42k |
| Trade debts payable within one year | 44 | €1k |
| Income statement | ||
| Gross operating margin | 9900 | €79k |
| Operating result | 9901 | €75k |
| Financial charges | 65 | €49 |
| Result before taxes | 9903 | €75k |
| Income taxes | 67/77 | €16k |
| Net result for the period | 9904 | €59k |
| Result to be appropriated | 9905 | €59k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed83
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Connections & network
1 connected companyGroup structure
We sit on their board · 24 locations
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Ownership & control
1 partySHIFT FROM WITHINBE 0757.817.646
controls
Where this company holds controlthis company sits on their board1
24 locations
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Brouwersstraat 7G3000 LeuvenEstablishment units
2 locationsSHIFT FROM WITHIN
since 20202.310.494.567
Zeedijk 99, 8400 Oostende
since 20242.367.007.163
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels3
Ground area4,942 m²
Buildings3
Building footprint916 m²
Volume (LiDAR)24,002 m³
Tallest building53.3 m · ±17 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35384A0089/00K031 | Flanders | 2,471 m² | 1 · 383 m² | 53.3 m · 17 fl. |
| 24505F0820/00X000 | Flanders | 2,135 m² | 1 · 282 m² | 6.9 m · 2 fl. |
| 24505F0821/00P000 | Flanders | 336 m² | 1 · 251 m² | 15.9 m · 4 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 1 year ago
2025
07-07-2025 Act object · Board meeting · Power of attorney · Filing representative
- Act object: Intrekking & Toekenning bijzondere volmacht - Beëindiging mandaat bestuurders & Benoeming bestuurders · SD Worx People Solutions
- Publication: 07/07/2025 · SD Worx People Solutions
- Filing: 26/06/2025 · SD Worx People Solutions
- Board meeting: 28/04/2025 · SD Worx People Solutions
- Power of attorney: term: onbepaalde duur, scope: inschrijving op en ondertekening van offertes op openbare aanbestedingen mét publicatie in het Bulletin der Aanbestedingen en/of het Europees Publicatieblad (samen handelend); inschrijving op en ondertekening van offertes op openbare aanbestedingen die niet gepubliceerd werden (individueel handelend), compensation: onbezoldigd · Sebastiaan Peeters
- Power of attorney: term: onbepaalde duur, scope: inschrijving op en ondertekening van offertes op openbare aanbestedingen mét publicatie in het Bulletin der Aanbestedingen en/of het Europees Publicatieblad (samen handelend); inschrijving op en ondertekening van offertes op openbare aanbestedingen die niet gepubliceerd werden (individueel handelend), compensation: onbezoldigd · Dominica Tassent
- Power of attorney: term: onbepaalde duur, scope: inschrijving op en ondertekening van offertes op openbare aanbestedingen mét publicatie in het Bulletin der Aanbestedingen en/of het Europees Publicatieblad (samen handelend); inschrijving op en ondertekening van offertes op openbare aanbestedingen die niet gepubliceerd werden (individueel handelend), compensation: onbezoldigd · Joris Valkenborgh
- Power of attorney: term: onbepaalde duur, scope: inschrijving op en ondertekening van offertes op openbare aanbestedingen mét publicatie in het Bulletin der Aanbestedingen en/of het Europees Publicatieblad (samen handelend); inschrijving op en ondertekening van offertes op openbare aanbestedingen die niet gepubliceerd werden (individueel handelend), compensation: onbezoldigd · Hans Michiels
- Power of attorney: term: onbepaalde duur, scope: inschrijving op en ondertekening van offertes op openbare aanbestedingen mét publicatie in het Bulletin der Aanbestedingen en/of het Europees Publicatieblad (samen handelend); inschrijving op en ondertekening van offertes op openbare aanbestedingen die niet gepubliceerd werden (individueel handelend), compensation: onbezoldigd · Mattheus Jochems
- Power of attorney: term: onbepaalde duur, scope: inschrijving op en ondertekening van offertes op openbare aanbestedingen mét publicatie in het Bulletin der Aanbestedingen en/of het Europees Publicatieblad (samen handelend); inschrijving op en ondertekening van offertes op openbare aanbestedingen die niet gepubliceerd werden (individueel handelend), compensation: onbezoldigd · Kristine Van den Bon
- Power of attorney: term: onbepaalde duur, scope: inschrijving op en ondertekening van offertes op openbare aanbestedingen mét publicatie in het Bulletin der Aanbestedingen en/of het Europees Publicatieblad (samen handelend); inschrijving op en ondertekening van offertes op openbare aanbestedingen die niet gepubliceerd werden (individueel handelend), compensation: onbezoldigd · Anja Vanherck
- Power of attorney: term: onbepaalde duur, scope: inschrijving op en ondertekening van offertes op openbare aanbestedingen mét publicatie in het Bulletin der Aanbestedingen en/of het Europees Publicatieblad (samen handelend); inschrijving op en ondertekening van offertes op openbare aanbestedingen die niet gepubliceerd werden (individueel handelend), compensation: onbezoldigd · Kristine Mommaerts
- Power of attorney: term: onbepaalde duur, scope: inschrijving op en ondertekening van offertes op openbare aanbestedingen mét publicatie in het Bulletin der Aanbestedingen en/of het Europees Publicatieblad (samen handelend); inschrijving op en ondertekening van offertes op openbare aanbestedingen die niet gepubliceerd werden (individueel handelend), compensation: onbezoldigd · Kris Huysmans
- Power of attorney: term: onbepaalde duur, scope: inschrijving op en ondertekening van offertes op openbare aanbestedingen mét publicatie in het Bulletin der Aanbestedingen en/of het Europees Publicatieblad (samen handelend); inschrijving op en ondertekening van offertes op openbare aanbestedingen die niet gepubliceerd werden (individueel handelend), compensation: onbezoldigd · Katrien Geelen
- Power of attorney: term: onbepaalde duur, scope: inschrijving op en ondertekening van offertes op openbare aanbestedingen mét publicatie in het Bulletin der Aanbestedingen en/of het Europees Publicatieblad (samen handelend); inschrijving op en ondertekening van offertes op openbare aanbestedingen die niet gepubliceerd werden (individueel handelend), compensation: onbezoldigd · Elsje Rens
- Filing representative: formaliteiten te vervullen ... opmaken van de vereiste publicatieformulieren, alsook de ondertekening en de neerlegging ervan ter griffie ... publicatie in de Bijlagen bij het Belgisch Staatsblad en de wijziging bij de Kruispuntbank van Ondernemingen · Hannelore De Ly
- Filing representative: formaliteiten te vervullen ... opmaken van de vereiste publicatieformulieren, alsook de ondertekening en de neerlegging ervan ter griffie ... publicatie in de Bijlagen bij het Belgisch Staatsblad en de wijziging bij de Kruispuntbank van Ondernemingen · Guusje Huijbregts
- General meeting: 06/06/2025 · SD Worx People Solutions
- Officer resignation: role: bestuurder, end_date: 2025-06-07 · Nadine Aerts
- Officer resignation: role: bestuurder, end_date: 2025-06-07 · Dominica Tassent
- Officer appointment: role: bestuurder, term: tot de gewone algemene aandeelhoudersvergadering te houden in 2028, dewelke de jaarrekening eindigend per 31 december 2027 zal goedkeuren, start_date: 2025-06-07 · Lejak BV
- Officer appointment: role: bestuurder, term: tot de gewone algemene aandeelhoudersvergadering te houden in 2028, dewelke de jaarrekening eindigend per 31 december 2027 zal goedkeuren, start_date: 2025-06-07 · Keroto BV
- Officer appointment: role: bestuurder, term: tot de gewone algemene aandeelhoudersvergadering te houden in 2028, dewelke de jaarrekening eindigend per 31 december 2027 zal goedkeuren, start_date: 2025-06-07 · TAHOE CONSULTING BV
- Officer appointment: role: bestuurder, term: tot de gewone algemene aandeelhoudersvergadering te houden in 2028, dewelke de jaarrekening eindigend per 31 december 2027 zal goedkeuren, start_date: 2025-06-07 · SHIFT FROM WITHIN BV
- Officer appointment: role: bestuurder, term: tot de gewone algemene aandeelhoudersvergadering te houden in 2028, dewelke de jaarrekening eindigend per 31 december 2027 zal goedkeuren, start_date: 2025-06-07 · CATALYSTA INC BV
Summary:
Act object · Board meeting · Power of attorney · Filing representative
Analysis
Snowflake analysis
financial profile on 5 axes84
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
83
Profitability
100
Solvency
83
Growth
58
Stability
94
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We hold annual accounts for 2,243 of the 13,476 companies in this sector. 1,912 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Beroepsopleiding85592Beroepsopleiding85592
Primary activity highlighted.
Names & trade names
| Legal nameNL | SHIFT FROM WITHIN |
Registered office
Brouwersstraat 7G
3000 Leuven, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.