Turnover
≈ €130,000 estimated
The micro format states no turnover.
SHIFT-IT
Overview
Lifetime
1 annual account with figurespeak €66,989 (2025)
€66,989
peak €51,813 (2025)
€51,813
peak €53,313 (2025)
€53,313
€23,694
Board1 name since 2024
1 directorMOLINGHEN Hugo Agnan Jean-Luc
Documentsfilings and deeds
29-05-202663 days before the deadline
2025micro format
Dividend €1,000First year with figures
Key points
from the 2025 annual accountsStarting capital
€2,500 100 shares
Checked score
97
Excellent
Financially stronger than 72% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 0.4%
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026highest value
06-2026: < 0.1%▼ -0.4 percentage points vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 3.25, cash €65,593
Equity €53,313 (69.2% of total assets)
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 62, micro). It does better than 62% of them on solvency, 72% on liquidity and 82% on profitability.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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, 11,279 companies had the same profile as SHIFT-IT has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of SHIFT-IT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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.
| 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 11,279 companies, not a prediction for SHIFT-IT. 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 €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.25, above the usual 1.5. Short-term debt is 30.8% and cash 85.2% of total assets. 30.8% 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
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
63 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1017029162
Incorporation
Founding capital of €2,500, 100 shares · Founder: MOLINGHEN Hugo Agnan Jean-Luc · Appointment: MOLINGHEN Hugo Agnan Jean-Luc (sole director) · published on 09-12-2024 · Gazette deed
First establishment
Rue Houlteau 1, Herve
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as SHIFT-IT: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €76,000 and €82,800, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 05-12-2024Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 2 others
- Establishment unit
- 2.367.463.2614650 Herve, since 05-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2025
Annual accounts 2025
- €66,989
- €51,813
- €53,313
- €77,007
- Filing
- Filed on 29-05-2026, 63 days before the end of the filing period
Insights on SHIFT-IT
SHIFT-IT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53,313 and a net result of €51,813.
Its solvency ranks better than 60% of 21,217 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 29-05-2026, 63 days before the deadline€66,989
€66,827
€51,813
€53,313
69.2%
3.25
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €110,000 and €170,000.
Balance sheet
balance sheet total €77,007 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
69.2%
Higher than 60% of 21,217 companies in 2025.
3.25
Higher than 61% of 20,581 companies in 2025.
67.3%
Higher than 94% of 20,756 companies in 2025.
SHIFT-IT
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
77,007 | |
29/58 |
77,007 | |
40/41 |
11,292 | |
40 |
11,292 | |
54/58 |
65,593 | |
490/1 |
122 | |
| Balance sheet: equity and liabilities | ||
10/49 |
77,007 | |
10/15 |
53,313 | |
10/11 |
2,500 | |
14 |
50,813 | |
17/49 |
23,694 | |
42/48 |
23,694 | |
44 |
668 | |
440/4 |
668 | |
45 |
19,331 | |
450/3 |
18,031 | |
454/9 |
1,300 | |
47/48 |
3,695 | |
| Income statement | ||
9900 |
66,989 | |
640/8 |
162 | |
9901 |
66,827 | |
65/66B |
1,272 | |
65 |
1,272 | |
9903 |
65,554 | |
67/77 |
13,741 | |
9904 |
51,813 | |
9905 |
51,813 | |
| Appropriation of the result | ||
9906 |
51,813 | |
694/7 |
1,000 | |
694 |
1,000 | |
| Document | ||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-05-2026 | 2026-00135389 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 53,313 | ||
| 69.2% | ||
| 3.25 | ||
| 0.44 | ||
| 97.2% | ||
| 67.3% |
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.
Insights on SHIFT-IT
Debt's share of the balance-sheet total is 30.8%.
Board & ownership
Board
1 director, since incorporationSole director
appointed by deed of 09-12-2024
term without a fixed end
Mandates through the years
1 name, the dashed line is todayMOLINGHEN Hugo Agnan Jean-Luc
Sole director
Sole director
Board
Mandates as a list
- MOLINGHEN Hugo Agnan Jean-Luc
- Sole director, appointed by deed of 09-12-2024, still in office
Control
Capital
- Contribution
- €2,500
- Shares
- 100
- Contribution per share
- €25
- Equity per share
- €533 in 2025
- Source
- deed of 09-12-2024
Articles of association
deed of 09-12-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
Founder
At incorporation
deed of 09-12-2024 ↗
- MOLINGHEN Hugo Agnan Jean-Luc sole founder · 100% at incorporation
Network & group
No group
SHIFT-IT has no parent and no holdings in its annual accounts. MOLINGHEN Hugo Agnan Jean-Luc is the only director. SHIFT-IT shares no director with another company.
At the same address
Rue Houlteau 1, 4650 Herve · 4 other companies| M MLGN
registered office since 11-02-2026 |
founded in 2026 1034.269.428 |
| S MLGN
registered office since 11-02-2026 |
founded in 2026 1034.269.230 |
| Mourad, Nadine (sole trader)
establishment since 25-10-2019 |
founded in 2019 0735.960.180 |
| Molinghen, Pierre-Vincent (sole trader)
establishment since 12-08-2004 |
founded in 2004 0866.756.267 |
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 63 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1017029162
2024
IncorporationFounding capital of €2,500, 100 shares · Founder: MOLINGHEN Hugo Agnan Jean-Luc · Appointment: MOLINGHEN Hugo Agnan Jean-Luc (sole director) · published on 09-12-20244 points ▸
- Founder, MOLINGHEN Hugo Agnan Jean-Luc
- Founding capital, €2,500, 100 shares
- 100 shares
- Director appointment, MOLINGHEN Hugo Agnan Jean-Luc (sole director)
- The deed holds 1 more point.
First establishment Rue Houlteau 1, Herve
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1017.029.162
- VAT number
- BE 1017.029.162
- Peppol ID
- 0208:1017029162
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 05-12-2024
- Financial year
- ends on 31 December
- Peppol
- Reachable since 06-01-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- SHIFT-IT in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 09-12-2024 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Rue Houlteau 1, 4650 Herve (Chaineux)”deed of 09-12-2024 (in French)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
62020
IT consultancy main activity
63110
Computing infrastructure, data processing, hosting and other information service activities
70220
Business consulting
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes les prestations de services,de conseil,d'ingénierie,de consultance,d’expertise technique,de gestion et d’organisation…”deed of 09-12-2024 (in French)
13 activities
- Toutes les prestations de services,de conseil,d'ingénierie,de consultance,d’expertise technique,de gestion et d’organisation d’entreprises,de lobbying,d’intermédiaire,de mise en contact,d’assistance,de formation,de renseignements dans son sens le plus large,en tous domaines et spécialement en matière informatique,de télécommunication et d’audiovisuel
- La gestion et traitement de données informatiques,le développement de solutions logicielles,l’hébergement de données,le conseil informatique,l'intégration de matériel et de logiciel informatique,la revente d'infrastructures informatiques et la gestion,l'installation et le développement de réseaux informatiques
- Toutes opérations et notamment l’achat,la vente,l’importation,l’exportation,la fabrication,la réparation,et la maintenance de tous produits ou services,en tous domaines et notamment informatiques,électroniques,de télécommunication et d’audiovisuel
- L’exploitation d’un bureau de consultance,de conseil et d’expertise,de formation et de représentation légale,consultance en marché divers
- La prestation de services,le conseil et l’expertise notamment en matière informatiques,de télécommunication et d’audiovisuel
- L’exploitation d’un bureau de consultance,de conseil et d’expertise,de formation et de représentation légale,consultance en marché divers
- Toutes types de formations en toutes matières et notamment en matière informatique,de télécommunication et d’audiovisuel
- L’activité d’intermédiaire commercial
- Le conseil en organisation et gestion d’entreprises actives au sens large,la représentation et l’intervention en tant qu’intermédiaire d'affaires dans tous les domaines du commerce et des services nationaux et internationaux ; le conseil et l’assistance aux entreprises en matière de planification,d’organisation,de recherche du rendement,de contrôle,d’information de gestion,de commercialisation,de finances et de développement de nouveaux produits ; le calcul des coûts et des profits des mesures proposées en matière de planification,d’organisation,de rendement ; les activités d’audit général
- L'activité de conseil en matière financière,technique,commerciale ou administrative,au sens large,l'assistance et la fourniture de services,directement ou indirectement,dans le domaine administratif,financier,technique dans les ventes,la production et la gestion en général,en tous domaines
- Toute activité de gestion,d’administration,de direction et d’organisation de toutes sociétés
- L'exercice de toutes missions d'administration et l'exercice de mandats et de fonctions se rapportant directement et indirectement à son objet
- Toutes opérations et notamment la promotion,la location,l’achat,la vente,l’échange,l’exploitation,la gestion,la mise en valeur,le lotissement,la transformation de tous immeubles ou parties divises ou indivises d’immeubles généralement quelconques,pour son propre compte,à l’exception des activités règlementées et protégeant le titre professionnel et l’exercice de la profession d’agent immobilier
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue Houlteau 1 registered office 4650 Herve | 05-12-2024 | 2.367.463.261 |
Buildings and parcels at the address
- Ground area
- 527 m²
- Buildings
- 88 m²
- Volume, LiDAR
- 802 m³
- Tallest building
- 10.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 63014A0798/00R000 | 527 m² | 1 · 88 m² | 10.9 m · 3 |