Shift Left Security
ActiveShift Left Security has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €53k and a net result of €244k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 2832 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+7
Solvency35▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.36 in 2023; short-term debt: 74.1% and cash: 10.9% of total assets), and 89.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2832 sector peers (2024).
NBB · sector comparisonPosition among 2832 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-05-2025, 72 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
72 d early
2023
54 d early
2022
69 d early
2021
40 d early
2020
29 d early
2019
75 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€53k▼ 12.0%
2023 · €60k
2019: €7k
2020: €51k
2021: €137k
2022: €125k
2023: €60k
2019 → 2024
Total assets
€507k▲ 14.6%
2023 · €443k
2019: €130k
2020: €316k
2021: €335k
2022: €515k
2023: €443k
2019 → 2024
Net result
€244k▲ 188%
2023 · €85k
2019: €6k
2020: €46k
2021: €86k
2022: €88k
2023: €85k
2019 → 2024
Working capital
€98k▼ 8.4%
2023 · €107k
2019: €4k
2020: €8k
2021: €98k
2022: €183k
2023: €107k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€51k-€137k▲ 168%€125k▼ 8.9%€60k▼ 52.2%€53k▼ 12.0%
Operating result€63k-€121k▲ 92.0%€124k▲ 2.6%€115k▼ 7.1%€330k▲ 186%
Net result€46k-€86k▲ 88.6%€88k▲ 2.3%€85k▼ 3.4%€244k▲ 188%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 186% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €507k
Fixed assets
€34k▼ 16.2%
Current assets
€474k▲ 17.7%
Equity and liabilities €507k
Equity
€53k▼ 12.0%
Debt
€455k▲ 18.7%
The debt ratio rises from 86.5% to 89.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€340k▲
2023 · €127k
Cash flow
€255k▲
2023 · €97k
Solvency
10.3%▼
2023 · 13.5%
Current ratio
1.26▼
2023 · 1.36
Quick ratio
1.26▼
2023 · 1.36
Debt / equity
8.66▲
2023 · 6.42
ROE
465.6%▲
2023 · 142.3%
ROA
48.2%▲
2023 · 19.2%
Interest coverage
27.16▲
2023 · 10.21
Debt
€455k▲
2023 · €383k
Debt ≤ 1 year
€376k▲
2023 · €296k
Debt > 1 year
€79k▼
2023 · €87k
Income taxes
€86k▲
2023 · €30k
Staff costs
€20k▼
2023 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€443k€507k▲
Fixed assets21/28€40k€34k▼
Intangible fixed assets21€701€72▼
Tangible fixed assets22/27€39k€33k▼
Land and buildings22€13k€12k▼
Furniture and vehicles24€26k€21k▼
Financial fixed assets28€350€0▼
Current assets29/58€403k€474k▲
Amounts receivable after more than one year29€110k€111k▲
Other amounts receivable291€110k€111k▲
Amounts receivable within one year40/41€233k€275k▲
Trade receivables40€74k€71k▼
Other amounts receivable41€159k€204k▲
Cash at bank and in hand54/58€53k€55k▲
Deferred charges and accrued income490/1€7k€32k▲
Equity and liabilities
Total equity and liabilities10/49€443k€507k▲
Equity10/15€60k€53k▼
Contributions10/11€3k€3k=
Reserves13€5k€0▼
Distributable reserves133€5k€0▼
Profit (loss) carried forward14€52k€50k▼
Amounts payable17/49€383k€455k▲
Amounts payable after more than one year17€87k€79k▼
Financial debts170/4€87k€79k▼
Amounts payable within one year42/48€296k€376k▲
Current portion of amounts payable after more than one year42€13k€15k▲
Financial debts43€39k€56k▲
Credit institutions430/8€39k€56k▲
Trade debts44€52k€19k▼
Suppliers440/4€52k€19k▼
Taxes, remuneration and social security45€39k€32k▼
Taxes450/3€31k€32k▲
Remuneration and social security454/9€8k€0▼
Other amounts payable47/48€152k€254k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A€0€0▼
Remuneration, social security and pensions62€38k€20k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€10k▼
Other operating charges640/8€7k€2k▼
Gross operating margin9900€173k€361k▲
Operating profit (loss)9901€115k€330k▲
Financial income75/76B€12k€13k▲
Recurring financial income75€12k€13k▲
Financial charges65/66B€12k€13k▲
Recurring financial charges65€12k€13k▲
Profit (loss) for the period before taxes9903€115k€331k▲
Income taxes67/77€30k€86k▲
Profit (loss) for the period9904€85k€244k▲
Profit (loss) for the period to be appropriated9905€85k€244k▲
Appropriation of the result
Profit (loss) to be appropriated9906€202k€297k▲
Profit (loss) brought forward from the previous period14P€118k€52k▼
Transfer from equity791/2-€5k
Profit to be distributed694/7€150k€252k▲
Return on contributions (dividend)694€150k€252k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €244k ▲188%
Operating result €330k, net result €244k, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100kEq €137k ▲168%
3 profitable years in a row build equity to €137k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 75 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lubbeek · 1 establishment unit since 2019
Cannot 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.
Raalbeekstraat(LIN) 63210 LubbeekGround area
1,017 m²
Building footprint
177 m²
Volume, LiDAR
1,041 m³
Parcel 24063B0037/00D002, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Shift Left Security
since 20192.289.496.443
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24063B0037/00D002 | Flanders | 1,017 m² | 1 · 177 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 30,000 companies in sector 62200 we hold annual accounts for 18,394. 15,317 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-05-2019
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.shiftleftsecurity.eu
E-mail:info@shiftleftsecurity.eu