SHIFTECH ENGINEERING
ActiveSummary
SHIFTECH ENGINEERING has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €157k and a net result of €19k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 1546 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+18
Solvency69▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.43 in 2023; short-term debt: 51.3% and cash: 36.5% of total assets), but 55.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
65 d late
2022
31 d late
2021
25 d late
2020
30 d late
2019
55 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19k▲ 131%
2023 · €8k
2018: €977
2019: €29k▲ +2873% vs 2018highest in 7 years
2020: €27k▼ -6.2% vs 2019
2021: €23k▼ -14.7% vs 2020
2022: €-5k▼ -123% vs 2021lowest in 7 years
2023: €8k▲ +249% vs 2022
2024: €19k▲ +131% vs 2023
2018 → 2024
Working capital
€135k▲ 22.9%
2023 · €110k
2018: €-7klowest in 7 years
2019: €54k▲ +847% vs 2018
2020: €97k▲ +79.2% vs 2019
2021: €103k▲ +5.4% vs 2020
2022: €61k▼ -40.7% vs 2021
2023: €110k▲ +80.4% vs 2022
2024: €135k▲ +22.9% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€112k-€136k▲ 20.7%€130k▼ 4.0%€138k▲ 6.2%€157k▲ 13.5%
2020: €112klowest in 5 years
2021: €136k▲ +20.7% vs 2020
2022: €130k▼ -4.0% vs 2021
2023: €138k▲ +6.2% vs 2022
2024: €157k▲ +13.5% vs 2023highest in 5 years
Operating result€43k-€42k▼ 2.3%€300▼ 99.3%€22k▲ 7,077%€36k▲ 67.7%
2020: €43khighest in 5 years
2021: €42k▼ -2.3% vs 2020
2022: €300▼ -99.3% vs 2021lowest in 5 years
2023: €22k▲ +7077% vs 2022
2024: €36k▲ +67.7% vs 2023
Net result€27k-€23k▼ 14.7%€-5k€8k€19k▲ 131%
2020: €27khighest in 5 years
2021: €23k▼ -14.7% vs 2020
2022: €-5k▼ -123% vs 2021lowest in 5 years
2023: €8k▲ +249% vs 2022
2024: €19k▲ +131% vs 2023
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 68% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €356k
Fixed assets
€39k ▼ 32.6%
Current assets
€318k ▼ 13.3%
Equity and liabilities €356k
Equity
€157k ▲ 13.5%
Debt
€199k ▼ 30.1%
Debt's share of the balance-sheet total falls from 67.3% to 55.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▲
2023 · €44k
Cash flow
€38k▲
2023 · €30k
Current ratio
1.74▲
2023 · 1.43
Quick ratio
1.59▲
2023 · 1.23
Debt to equity
1.27▼
2023 · 2.06
ROE
11.9%▲
2023 · 5.8%
ROA
5.2%▲
2023 · 1.9%
Interest coverage
6.46▲
2023 · 4.25
Debt ≤ 1 year
€183k▼
2023 · €256k
Debt > 1 year
€17k▼
2023 · €29k
Income taxes
€9k▲
2023 · €5k
Staff costs
€118k▼
2023 · €119k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€423k€356k▼
Fixed assets21/28€57k€39k▼
Tangible fixed assets22/27€57k€38k▼
Plant, machinery and equipment23€4k€875▼
Furniture and vehicles24€51k€36k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€50€50=
Current assets29/58€366k€318k▼
Stocks and contracts in progress3€51k€27k▼
Stocks30/36€51k€27k▼
Amounts receivable within one year40/41€185k€152k▼
Trade receivables40€167k€133k▼
Other amounts receivable41€19k€19k=
Cash at bank and in hand54/58€120k€130k▲
Deferred charges and accrued income490/1€10k€8k▼
Equity and liabilities
Total equity and liabilities10/49€423k€356k▼
Equity10/15€138k€157k▲
Contributions10/11€20k€20k=
Reserves13€107k€107k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€105k€105k=
Profit (loss) carried forward14€11k€30k▲
Amounts payable17/49€285k€199k▼
Amounts payable after more than one year17€29k€17k▼
Financial debts170/4€29k€17k▼
Amounts payable within one year42/48€256k€183k▼
Current portion of amounts payable after more than one year42€22k€12k▼
Trade debts44€184k€118k▼
Suppliers440/4€184k€118k▼
Advances received on contracts in progress46€15k€13k▼
Taxes, remuneration and social security45€30k€33k▲
Taxes450/3€9k€18k▲
Remuneration and social security454/9€20k€16k▼
Other amounts payable47/48€5k€6k▲
Income statement
Code20232024
Remuneration, social security and pensions62€119k€118k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€20k▼
Other operating charges640/8€6k€6k▲
Gross operating margin9900€168k€180k▲
Operating profit (loss)9901€22k€36k▲
Financial income75/76B€2k€595▼
Recurring financial income75€2k€595▼
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€13k€28k▲
Income taxes67/77€5k€9k▲
Profit (loss) for the period9904€8k€19k▲
Profit (loss) for the period to be appropriated9905€8k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€30k▲
Profit (loss) brought forward from the previous period14P€3k€11k▲
Social balance
Average headcount (FTE)90872.52.0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €116k | €193k | €119k | €118k | ▼ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €43k | €50k | €22k | €20k | ▼ 11.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €-19k | - | - | - |
| Other operating charges640/8 | - | €11k | €8k | €6k | €6k | ▲ 6.6% |
| Gross operating margin9900 | €207k | €212k | €232k | €168k | €180k | ▲ 6.8% |
| Operating profit (loss)9901 | €43k | €42k | €300 | €22k | €36k | ▲ 67.7% |
| Financial income75/76B | - | €77 | €1k | €2k | €595 | ▼ 63.3% |
| Recurring financial income75 | - | €77 | €1k | €2k | €595 | ▼ 63.3% |
| Financial charges65/66B | - | €7k | €7k | €10k | €9k | ▼ 16.2% |
| Recurring financial charges65 | €4k | €5k | €7k | €10k | €9k | ▼ 16.2% |
| Non-recurring financial charges66B | - | €1k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €39k | €35k | €-5k | €13k | €28k | ▲ 119% |
| Income taxes67/77 | €11k | €12k | €612 | €5k | €9k | ▲ 98.3% |
| Profit (loss) for the period9904 | €27k | €23k | €-5k | €8k | €19k | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | €27k | €23k | €-5k | €8k | €19k | ▲ 131% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €291k | €425k | €425k | €423k | €356k | ▼ 15.9% |
| Fixed assets21/28 | €71k | €132k | €163k | €57k | €39k | ▼ 32.6% |
| Intangible fixed assets21 | €522 | €261 | - | - | - | - |
| Tangible fixed assets22/27 | €71k | €132k | €163k | €57k | €38k | ▼ 32.6% |
| Plant, machinery and equipment23 | - | €12k | €6k | €4k | €875 | ▼ 75.2% |
| Furniture and vehicles24 | - | €120k | €157k | €51k | €36k | ▼ 30.1% |
| Other tangible fixed assets26 | - | - | - | €3k | €2k | ▼ 24.2% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €220k | €293k | €262k | €366k | €318k | ▼ 13.3% |
| Stocks and contracts in progress3 | €21k | €42k | €56k | €51k | €27k | ▼ 46.7% |
| Stocks30/36 | - | €42k | €56k | €51k | €27k | ▼ 46.7% |
| Amounts receivable within one year40/41 | €65k | €139k | €145k | €185k | €152k | ▼ 18.1% |
| Trade receivables40 | - | €119k | €126k | €167k | €133k | ▼ 20.2% |
| Other amounts receivable41 | - | €20k | €19k | €19k | €19k | = |
| Cash at bank and in hand54/58 | €130k | €100k | €48k | €120k | €130k | ▲ 8.8% |
| Deferred charges and accrued income490/1 | - | €12k | €12k | €10k | €8k | ▼ 15.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €291k | €425k | €425k | €423k | €356k | ▼ 15.9% |
| Equity10/15 | €112k | €136k | €130k | €138k | €157k | ▲ 13.5% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €92k | €112k | €107k | €107k | €107k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €110k | €105k | €105k | €105k | = |
| Profit (loss) carried forward14 | €333 | €4k | €3k | €11k | €30k | ▲ 165% |
| Provisions and deferred taxes16 | €19k | €19k | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €19k | - | - | - | - |
| Other liabilities and charges164/5 | - | €19k | - | - | - | - |
| Amounts payable17/49 | €160k | €271k | €294k | €285k | €199k | ▼ 30.1% |
| Amounts payable after more than one year17 | €37k | €80k | €94k | €29k | €17k | ▼ 42.3% |
| Financial debts170/4 | - | €80k | €94k | €29k | €17k | ▼ 42.3% |
| Amounts payable within one year42/48 | €123k | €190k | €201k | €256k | €183k | ▼ 28.7% |
| Current portion of amounts payable after more than one year42 | - | €32k | €51k | €22k | €12k | ▼ 43.9% |
| Trade debts44 | €42k | €108k | €104k | €184k | €118k | ▼ 35.8% |
| Suppliers440/4 | - | €108k | €104k | €184k | €118k | ▼ 35.8% |
| Advances received on contracts in progress46 | - | €22k | €13k | €15k | €13k | ▼ 16.1% |
| Taxes, remuneration and social security45 | - | €26k | €26k | €30k | €33k | ▲ 12.0% |
| Taxes450/3 | - | €10k | €5k | €9k | €18k | ▲ 87.3% |
| Remuneration and social security454/9 | - | €17k | €21k | €20k | €16k | ▼ 22.6% |
| Other amounts payable47/48 | - | €2k | €7k | €5k | €6k | ▲ 11.6% |
| Accrued charges and deferred income492/3 | - | - | €74 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €23k | €-5k | €8k | €19k | ▲ 131% |
| + Depreciation and write-downs630 | €33k | €43k | €50k | €22k | €20k | ▼ 11.6% |
| Operating cash flow (approximation) | €60k | €66k | €44k | €30k | €38k | ▲ 26.2% |
| Investment in fixed assets (approximation) | - | €-104k | €-81k | €83k | €-1k | ▼ 101% |
| Change in cash | - | €-29k | €-52k | €71k | €11k | ▼ 85.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 57 days late
2024
31-12
Financial
Equity above €150kEq €157k ▲13.5%
2 profitable years in a row build equity to €157k.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 65 days late
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €100kEq €112k ▲32.1%
3 profitable years in a row build equity to €112k.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
31-12
Financial
Highest result since 2018net €29k ▲2,873%
Operating result €52k, net result €29k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 61 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Perwez · 1 establishment unit since 2008
Ground area
2,940 m²
Building footprint
858 m²
Parcel 25084C0593/00P000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Avenue des Moissons 26, 1360 Perwez
since 20082.179.790.928
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25084C0593/00P000 | Wallonia | 2,940 m² | 1 · 858 m² | - |
Linked by address, not proof of ownership
Good to know
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 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,283 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
95100Repair and maintenance of computers and communication equipment
95313Repair and fitting of specific motor vehicle parts
62900Other information technology and computer services
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
Contact
E-mail
info@shiftech.bePerwez
Phone
0473646125Perwez
Phone
0485/183.423Perwez
Scores and ratios are computed by Checked and are not a credit decision.