SHIFTT
ActiveSummary
SHIFTT has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€6,986) and a net result of -€7,070. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 4,083 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Financials · financial year 2025, abbreviated format
2022 to 2025, 4 financial years
The operating result turns negative in 2025: a loss of €6,790 after €185 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 69, Legal and accounting activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 6,007 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83.0% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 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 6,007 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €74,064 | - |
| Other operating charges640/8 | €947 | €440 | €1 | €220 | ▲ 21,900% |
| Gross operating margin9900 | -€461 | €286 | €186 | €67,494 | ▲ 36,253% |
| Operating profit (loss)9901 | -€1,409 | -€154 | €185 | -€6,790 | - |
| Financial charges65/66B | €159 | €112 | €108 | €92 | ▼ 14.8% |
| Recurring financial charges65 | €159 | €112 | €108 | €92 | ▼ 14.8% |
| Profit (loss) for the period before taxes9903 | -€1,568 | -€266 | €77 | -€6,882 | - |
| Income taxes67/77 | - | - | - | €188 | - |
| Profit (loss) for the period9904 | -€1,568 | -€266 | €77 | -€7,070 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,568 | -€266 | €77 | -€7,070 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €326 | €25 | €234 | €1,118 | ▲ 379% |
| Current assets29/58 | €326 | €25 | €234 | €1,118 | ▲ 379% |
| Amounts receivable within one year40/41 | €237 | €1 | €1 | €110 | ▲ 9,043% |
| Other amounts receivable41 | €237 | €1 | €1 | €110 | ▲ 9,043% |
| Current investments50/53 | - | €24 | - | - | - |
| Cash at bank and in hand54/58 | €90 | - | €32 | €16 | ▼ 49.9% |
| Deferred charges and accrued income490/1 | - | - | €200 | €992 | ▲ 397% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €326 | €25 | €234 | €1,118 | ▲ 379% |
| Equity10/15 | €273 | €7 | €84 | -€6,986 | - |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€1,727 | -€1,993 | -€1,916 | -€8,986 | ▼ 369% |
| Amounts payable17/49 | €53 | €18 | €150 | €8,104 | ▲ 5,303% |
| Amounts payable within one year42/48 | €53 | €18 | €150 | €7,884 | ▲ 5,156% |
| Financial debts43 | - | €18 | - | - | - |
| Credit institutions430/8 | - | €18 | - | - | - |
| Trade debts44 | €53 | - | €150 | €0 | ▼ 100% |
| Suppliers440/4 | €53 | - | €150 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €7,854 | - |
| Taxes450/3 | - | - | - | €188 | - |
| Remuneration and social security454/9 | - | - | - | €7,667 | - |
| Other amounts payable47/48 | - | - | - | €30 | - |
| Accrued charges and deferred income492/3 | - | - | - | €220 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,568 | -€266 | €77 | -€7,070 | - |
| Operating cash flow (approximation) | -€1,568 | -€266 | €77 | -€7,070 | - |
| Change in cash | - | - | - | -€16 | - |
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 (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-06-2026 | 2026-00208140 |
| 31-12-2024 | full format | 07-04-2025 | 2025-00064313 |
| 31-12-2023 | micro format | 22-02-2024 | 2024-00033041 |
| 31-12-2022 | full format | 09-03-2023 | 2023-00037298 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.