Result
-€42,768 -€42,768
From profit to loss in 2025, after a profit of €18,606 in 2024.
SHIFTECH ENGINEERING
Lifetime
18 annual accounts with figures on one time axispeak €318,483 (2012)
€118,780▼ 33.9%
lowest -€42,768 (2025)
-€42,768▼ €61,374
peak €156,870 (2024)
€114,102▼ 27.3%
€241,577▲ 21.3%
peak 3.6 FTE (2011)
-not published
Board2 names since 2020
1 directorHDD Management Services
Owners
Documentsfilings and deeds
15-10-202676 days late
2025micro format
Gross margin from €179,806 to €118,780Loss of €42,768Equity from €156,870 to €114,102Debts from €199,193 to €241,577
Key points
from the 2025 annual accountsFilings
18 annual accounts 76 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€42,768
Lower net result than 95% of companies in computer programming and consultancy. Sector median €28,568 · 21,212 companies.
Checked score
69
Healthy
Financially stronger than 26% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.1 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.2%▼ -0.3 percentage points vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.6%▲ +0.3 percentage points vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 76 days late; 3 of the last 3 accounts late
Loss of €42,768 (financial year 2025)
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 1.35, cash €127,486
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 30% of them on solvency, 42% on liquidity, 11% on profitability and 22% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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, 4,805 companies had the same profile as SHIFTECH ENGINEERING has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SHIFTECH ENGINEERING itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 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 4,805 companies, not a prediction for SHIFTECH ENGINEERING. 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 €7,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.35 (1.74 in 2024), below the usual 1.5. Short-term debt is 66.7% and cash 35.8% of total assets. 67.9% of the assets are financed with debt and provisions.
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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 risk
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 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 · 10 filingsDeviation from the deadline
2025
76 days late
2024
57 days late
2023
65 days late
2022
31 days late
2021
25 days late
2020
30 days late
2019
55 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 48 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- HDD Management Services 100%score 93equity €281,194 (2025) · 2025 annual accounts of HDD Management Services
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0897648094
Reappointment: HDD Management Services (sole director)
Permanent representative: Hadrien DEMARCIN · Gazette deed
1 director appointed, 1 resignation
Resignation: Hadrien Demarcin · Appointment: HDD Management Services · Permanent representative: Hadrien Demarcin · General meeting of 22-09-2020 · Gazette deed
Incorporation
published on 05-05-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SHIFTECH ENGINEERING Perwez | €355,679 | €118,780 | 32.1% | - |
| SIMTOMAX Rixensart | €322,707 | €106,819 | 88.3% | - |
| FJ CONSULT Tubize | €411,962 | €107,675 | 79.9% | - |
| PETRICHOR Deinze | €369,491 | €121,472 | 95.5% | - |
| INFODREAM Gembloux | €344,310 | €115,430 | 51.4% | 1 |
| TiNTo Solutions Willebroek | €360,028 | €111,960 | 81.8% | - |
| SUNDARI Antwerp | €331,258 | €120,445 | 27.5% | - |
These companies have the same main activity as SHIFTECH ENGINEERING: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €323,000 and €412,000, founded between 2007 and 2008.
Official details
Source: KBO- Status
- Active since 29-04-2008Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 5 others
- Establishment unit
- 2.179.790.9281360 Perwez, since 29-04-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 21-11-2025
Annual accounts 2025
- ≈ €180,000estimated
- €355,679▼ 0.1%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 15-10-2026
Insights on SHIFTECH ENGINEERING
SHIFTECH ENGINEERING files the micro format. That format states no turnover. The gross margin rose from -€22,283 in 2008 to €118,780 in 2025.
HDD Management Services holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SHIFTECH ENGINEERING
- What is the company number of SHIFTECH ENGINEERING?
- The company number of SHIFTECH ENGINEERING is 0897.648.094. The VAT number is the same number with BE in front: BE 0897.648.094.
- Where is SHIFTECH ENGINEERING based?
- The registered office is at Avenue des Moissons 26, 1360 Perwez.Company details
- What does SHIFTECH ENGINEERING do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of SHIFTECH ENGINEERING?
- SHIFTECH ENGINEERING is a private limited company (BV).
- When was SHIFTECH ENGINEERING founded?
- SHIFTECH ENGINEERING was founded on 29-04-2008.
- Is SHIFTECH ENGINEERING still active?
- Yes, SHIFTECH ENGINEERING is an active enterprise in the KBO register.
- How many employees does SHIFTECH ENGINEERING have?
- SHIFTECH ENGINEERING had an average of 2.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SHIFTECH ENGINEERING?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €118,780 and 42 comparable companies (NACE 62200). It probably lies between €170,000 and €230,000.
- Is SHIFTECH ENGINEERING profitable?
- In financial year 2025, SHIFTECH ENGINEERING made a loss of €42,768.
- Where can I find the annual accounts of SHIFTECH ENGINEERING?
- SHIFTECH ENGINEERING filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SHIFTECH ENGINEERING due?
- SHIFTECH ENGINEERING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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