Shifti
ActiveSummary
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 34% of 45 sector peers (NACE 30, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- €27,249
- Loss
- -€4,801
- Cyran YASSEDirector
- MEUNIER OlivierDirector
- Shift ModalDirector · permanent representative Michaël HOREVOETS
Why 71raises riskFounded in 2025Legal form: cooperative companyLoss of €4,801 (financial year 2025)lowers riskLiquidity: current ratio 7919.68, cash €46,145Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 30, micro): better than 52% on solvency, 98% on liquidity and 28% on profitability.
The bankruptcy probability was computed on 21-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Amendment of the articlesCorrection · Kind of shares
- IncorporationAppointments: SHIFT MODAL, MEUNIER Olivier…
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.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Peer companies
Historical observationOf 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
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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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.
| Line | 2025 |
|---|---|
| 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 |
| Line | 2025 | |
|---|---|---|
| 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 | |
| Line | 2025 |
|---|---|
| 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.
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
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Permanent representatives 1
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Cyran YASSE |
|
| MEUNIER Olivier |
|
| Shift Modal |
|
Owners and capital
Capital and shareholders
- DEHON Maxime founder
- MEUNIER Olivier founder
- FOSTIER Bernard Christian Georges founder
- MAJARD Lucas founder
- YASSE Cyran Jean-François Chantal Marie founder
- HOREVOETS Michaël Michel Myriam Paul founder
- HOREVOETS Thierry Mathieu Marie Paul founder
- SHIFT MODAL (BE 0793.157.419) 2 shares
- PRO VELO - INSTITUT DE RECHERCHE ET DE PROMOTION DU VÉLO - PRO VELO - INSTITUUT VOOR ONDERZOEK EN PROMOTIE VAN DE FIETS (BE 0449.049.820) 528 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 18-06-2025 Incorporation · €26,900 · 530 shares
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
On 16 June 2025, Shifti was incorporated as a cooperative company by SHIFT MODAL, PRO VELO - INSTITUT DE RECHERCHE ET DE PROMOTION DU VÉLO - PRO VELO - INSTITUUT VOOR ONDERZOEK EN PROMOTIE VAN DE FIETS and 7 natural persons, with a starting capital of €26,900.12 The company has filed annual accounts once, for financial year 2025.3
Acts, filings and financial milestones
30-06
Gazette deed
Amendment of the articlesCorrection · Kind of shares2 facts ▸
- Correction, “version des statuts intégrée dans l'acte non définitive, erreur matérielle” (deed in French)
- Kind of shares, “mêmes droits et avantages sous réserve spécifications statutaires, dans limites légales pour agrément comme entreprise sociale”, 530 (deed in French)
18-06
Gazette deed
IncorporationAppointments: SHIFT MODAL, MEUNIER Olivier and Cyran YASSE · Founder · Registered office clause20 facts ▸
- Director in office, Michaël HOREVOETS ((co )présidence)
- Director in office, Natacha SENSIQUE (chair)
- Founder, DEHON Maxime (comparant)
- Founder, MEUNIER Olivier (comparant)
- Founder, FOSTIER Bernard Christian Georges (comparant)
- Founder, MAJARD Lucas (comparant)
- Founder, Cyran YASSE (comparant)
- Founder, Michaël HOREVOETS (comparant)
- Founder, HOREVOETS Thierry Mathieu Marie Paul (comparant)
- Incorporation, “Shifti” (deed in French)
- Registered office clause, “4000 Liège, rue de l'Académie 53” (deed in French)
- Other provision, “info@shifti.be, www.shfti.be” (deed in French)
- +8 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62802B0186/00T000 | Wallonia | 79 m² | 1 · 68 m² | 15.4 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Concevoir et produire des véhicules intermédiaires et vélomobiles en Belgique, assemblés à partir de pièces fabriquées par entreprises…” (deed in French)
Text of the purpose (deed in French)
“Concevoir et produire des véhicules intermédiaires et vélomobiles en Belgique, assemblés à partir de pièces fabriquées par entreprises partageant les valeurs ou produites en interne, maximiser durée de vie par mise à disposition selon modes d'usage durables”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Shifti
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs, d'exploitation, agences, ateliers, dépôts et succursales tant en Belgique qu'à l'étranger par simple…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “h) Représentation 13.26. La Société est valablement représentée à l'égard des tiers, en ce compris aux actes authentiques et devant toute…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Siège ou autre endroit indiqué, voie électronique si conditions légales réunies” (deed in French)7 more provisions on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, Article 6” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Article 7, cessibles entre vifs ou transmissibles pour cause de mort,au sein d'une même classe,moyennant accord préalable du Conseil…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Émettre des nouvelles parts dans les classes existantes, Émission(s)ultérieure(s)” (deed in French)
- Financial instrumentSecurities other than shares, such as bonds or warrants, the company can issue.
- “Émission, Article 12” (deed in French)
- Membership ruleWho can become a member or partner, and on what terms.
- “Article 9, entendu s'il le demande dans écrit d'observations” (deed in French)2 more provisions on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Saturday of May at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditordeed of 18-06-2025
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Droit le plus étendu dans limites loi pour désigner liquidateurs, requérir confirmation judiciaire, déterminer pouvoirs émoluments et mode…” (deed in French)“Sonnette d’alarme, après première exécution plus tenu de convoquer mêmes motifs pendant douze mois suivant convocation initiale” (deed in French)deed of 30-06-2025