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SHIFT HAPPENS

Active
Private limited companyfounded 2025active for 1 yearScheldestraat 85, 9040 Gent, BelgiumKBO/BCE: BE 1024.090.564
Summary

SHIFT HAPPENS has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,567 and a net result of €38,567. Its solvency ranks better than 58% of 617 sector peers (NACE 72, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 06-06-2025 Normal situation
Activity
Research and development on biotechnology NACE 72101and 5 others
Establishment unit
2.374.447.459 9040 Gent, since 06-06-2025
Financial year end
31 December
Peppol
Reachable since 20-09-2025

Board and ownership

Board

Financial position

97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€49,652
Turnover
≈ €200,000
estimated
Profit
€38,567
Equity
€43,567
Total assets
€62,809
  • 2025 accounts filed 30 days after the deadline
Score breakdownraises riskFounded in 2025lowers riskLiquidity: current ratio 3.17, cash €45,157Sector: Scientific research and development (NACE 72)Equity €43,567 (69.4% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 76% of micro companies in research and development (NACE 72)
Financial strength
Strong
Solvency 94
equity 69.4% of total assets
Liquidity 87
short-term debt 30.6% · cash 71.9%
Profitability 100
return on assets 61.4%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (936 companies, NACE 72, micro)
Last 24 months 07-2026: 0.7% 08-2026: 0.7%● unchanged vs 07-2026highest value 09-2026: 0.1%▼ -0.6 percentage points vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.17, above the usual 1.5. Short-term debt is 30.6% and cash 71.9% of total assets. 30.6% of the assets are financed with debt and provisions.
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 72, micro). It does better than 61% of them on solvency, 76% on liquidity and 90% on profitability.

The bankruptcy probability was computed on 03-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Liquidity: current ratio 3.17, cash €45,157
NBB · annual accounts
lowers risk · Sector: Scientific research and development (NACE 72)
KBO
raises risk · Founded in 2025
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €43,567 (69.4% of total assets)
NBB · annual accounts
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 1 filing
Deviation from the deadline
2025
30 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2025.
KBO publications

Recent changes

  1. · Gazette deed IncorporationStarting capital €5,000 · Appointment: HEYLEN, Kim (director)
All 2 events

Comparable companies

These companies have the same main activity as SHIFT HAPPENS: research and development on biotechnology (NACE 72101). They are comparable in size and age: total assets between €61,500 and €107,000, founded between 2024 and 2025.

CompanyTotal assetsGross margin
SHIFT HAPPENS Gent€62,809€49,652
Sightera Biosciences Heist-op-den-Berg€63,382€42,079
GDP HEALTH Lasne€70,909€81,066
Consultomics Leuven€73,481€34,305
FoxBioPath Duffel€103,842€83,868
Consultbio Rumst€106,674€75,189
BIOGRABBIT Dendermonde€61,503€24,592
Full comparison

Key facts about SHIFT HAPPENS

What is the company number of SHIFT HAPPENS?
The company number of SHIFT HAPPENS is 1024.090.564. The VAT number is the same number with BE in front: BE 1024.090.564.
Where is SHIFT HAPPENS based?
The registered office is at Scheldestraat 85, 9040 Gent.Company details
What does SHIFT HAPPENS do?
According to the KBO register, the main activity is research and development on biotechnology (NACE 72101).
What is the legal form of SHIFT HAPPENS?
The legal form of SHIFT HAPPENS is Private limited company (BV).
When was SHIFT HAPPENS founded?
SHIFT HAPPENS was founded on 06-06-2025.
Is SHIFT HAPPENS still active?
Yes, SHIFT HAPPENS is an active enterprise in the KBO register.
What is the turnover of SHIFT HAPPENS?
The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €49,652 and 2,954 comparable companies of the same size. It probably lies between €120,000 and €360,000. It is a rough estimate.Financials
Is SHIFT HAPPENS profitable?
In financial year 2025, SHIFT HAPPENS made a profit of €38,567.
Where can I find the annual accounts of SHIFT HAPPENS?
SHIFT HAPPENS filed 1 annual account with the National Bank of Belgium, for financial year 2025.

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