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Shifti

Active
Cooperative companyfounded 2025active for 1 yearRue de l'Académie 53, 4000 Liège, Belgium32 active companies are registered at this addressKBO/BCE: BE 1024.346.130
Summary

Shifti has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,249 and a net result of -€4,801. Its solvency ranks better than 33% of 43 sector peers (NACE 30, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (4 days) Filed on 4 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00379105.

Equity
€27,249
Total assets
€92,259
Net result
-€4,801
Working capital
€79,187

Turnover and EBIT margin not published: the abbreviated format does not require them.

Balance-sheet composition
Assets €90,925
Fixed assets €11,728
Current assets €79,197
Equity and liabilities €92,259
Equity €27,249
Debt €65,010
Debt finances 70.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
-€4,573
Cash flow
-€4,591
Debt to equity
2.39
ROE
-17.6%
ROA
-5.2%
Interest coverage
-257.05
Debt ≤ 1 year
€10
A ratio outside any meaningful range has been withheld (balance sheet total €92,259, equity €27,249).

Peer companies

Historical observation

Of the 173 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94.2% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a small loss
2.9% went bankrupt
2.3% stopped otherwise
94.2% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 173 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 30 lines
Balance sheet Code2025
Assets
Total assets20/58€92,259
Formation expenses20€1,334
Fixed assets21/28€11,728
Intangible fixed assets21€456
Tangible fixed assets22/27€11,173
Land and buildings22€11,173
Financial fixed assets28€100
Current assets29/58€79,197
Amounts receivable within one year40/41€33,051
Trade receivables40€33,051
Cash at bank and in hand54/58€46,145
Equity and liabilities
Total equity and liabilities10/49€92,259
Equity10/15€27,249
Contributions10/11€32,050
Capital10€32,050
Issued capital100€32,050
Profit (loss) carried forward14-€4,801
Amounts payable17/49€65,010
Amounts payable within one year42/48€10
Current portion of amounts payable after more than one year42€10
Accrued charges and deferred income492/3€65,000
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€210
Gross operating margin9900-€4,573
Operating profit (loss)9901-€4,783
Financial charges65/66B€18
Recurring financial charges65€18
Profit (loss) for the period before taxes9903-€4,801
Profit (loss) for the period9904-€4,801
Profit (loss) for the period to be appropriated9905-€4,801
Appropriation of the result
Profit (loss) to be appropriated9906-€4,801

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€210
Gross operating margin9900-€4,573
Operating profit (loss)9901-€4,783
Financial charges65/66B€18
Recurring financial charges65€18
Profit (loss) for the period before taxes9903-€4,801
Profit (loss) for the period9904-€4,801
Profit (loss) for the period to be appropriated9905-€4,801
Line2025
Assets
Total assets20/58€92,259
Formation expenses20€1,334
Fixed assets21/28€11,728
Intangible fixed assets21€456
Tangible fixed assets22/27€11,173
Land and buildings22€11,173
Financial fixed assets28€100
Current assets29/58€79,197
Amounts receivable within one year40/41€33,051
Trade receivables40€33,051
Cash at bank and in hand54/58€46,145
Equity and liabilities
Total equity and liabilities10/49€92,259
Equity10/15€27,249
Contributions10/11€32,050
Capital10€32,050
Issued capital100€32,050
Profit (loss) carried forward14-€4,801
Amounts payable17/49€65,010
Amounts payable within one year42/48€10
Current portion of amounts payable after more than one year42€10
Accrued charges and deferred income492/3€65,000
Line2025
Profit (loss) for the period9904-€4,801
+ Depreciation and write-downs630€210
Operating cash flow (approximation)-€4,591

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 abbreviated format 04-08-2026 2026-00379105

Similar companies · same sector, comparable size

Of the 124 active companies whose main activity is manufacture of other transport equipment (NACE 30920), figures are known for 52. 23 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.