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SHYFTER

Active
Public limited companyfounded 2019active for 7 yearsLouizalaan 240, 1050 Elsene, Belgium125 active companies are registered at this addressKBO/BCE: BE 0720.922.212
Summary

The annual accounts of SHYFTER for financial year 2025 show a net loss of 58% of total assets and of 150% of the equity at the start of that year. The 2025 annual accounts show equity of €533,484 and a net result of -€649,574. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 58% of 1,675 sector peers (NACE 62, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow ReportCompare
SHYFTERActiveChecked score 56/100
Risk analysis ReportCompare

Overview

Activity
Computer programming
NACE 62100Retail sale of information and communication equipment NACE 47400
2 sites
Size
€1.1mtotal assets 2025
Staff
18.4 FTE
Equity
€533,484
Loss
-€649,574
Net result -896%: other schema
Financial health
56 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Largest shareholder
SAMBRINVEST SPIN-OFF/SPIN-OUT · 11.16%
2025 accounts filed 31 days late5 of 8 deeds summarised
Why 56raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €649,574, the second in a row (financial year 2025)1 change of registered office in 24 monthslowers riskLiquidity: current ratio 1.78, cash €732,321Sector: Computer programming, consultancy and related activities (NACE 62)Show the evidence

Checked score

Score 2025
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 56% of its sector peers (NACE 62, small)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 72=
equity 47.3% of total assets
Liquidity 83+6
short-term debt 37.6% · cash 64.9%
Profitability 0-60
return on assets -57.6%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (1,163 companies, NACE 62, small)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 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: 0.3%● unchanged vs 06-2025 08-2025: 0.6%▲ +0.3 percentage points vs 07-2025 09-2025: 0.1%▼ -0.5 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: < 0.1%▼ -0.1 percentage points vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: 0.1%▲ +0.1 percentage points vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.3%▲ +0.1 percentage points vs 08-2026 10-2026: 0.7%▲ +0.4 percentage points vs 09-2026highest value
Credit of up to €25,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.78, compared with 1.25 in 2024, above the usual 1.5; short-term debt: 37.6% and cash: 64.9% of total assets), but 52.7% of the assets are financed with debt and provisions.
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 62, small): better than 59% on solvency, 91% on liquidity, 4% on profitability and 70% on growth.

The bankruptcy probability was computed on 23-10-2026 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

Five signals.
lowers riskraises risk
raises risk · Loss of €649,574, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.78, cash €732,321
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filings
Deviation from the deadline
2025
31 days late
2024
26 days late
2023
19 days late
2022
30 days late
2021
31 days late
2020
31 days late
2019
89 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 37 days after the deadline; the sector median (NACE 62) for financial year 2024 is 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 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Registered officeRegistered-office move
  2. Annual accounts filedfinancial year 2025 · full…
  3. Resignation: Vincent BAILLE (director)Permanent representative: Olivier MERTENS ·…

Key points

  • Risk: 7 loss-making years in a rowloss financial year 2025 -€649,574 View
  • Caution: Result fell in 2025different schema filed ▼ 896% View
  • Caution: Among the weakest 8% on net resultsector median €36,859 · 1,677 companies -€649,574 View
  • A director leftlatest change 17-07-2026 · 0 in office 1 left View

By topic

Financials

Financial year
2025
Total assets
€1.1m
Loss
-€649,574
Solvency
47.3%
Go to Financials

Timeline

Events
17
Since
2020
Next accounts
by 31-07-2027
  1. 31-12-2025Weakest financial year
  2. 31-12-2025Equity above €500,000
  3. 26-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Computer programmingNACE 62100
Founded
19-02-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about SHYFTER

What is the company number of SHYFTER?
0720.922.212. In Belgium the VAT number is the company number with BE in front: BE 0720.922.212.
Where is SHYFTER based?
The registered office is at Louizalaan 240, 1050 Elsene.Company details
What does SHYFTER do?
According to the KBO register, the main activity is computer programming (NACE 62100).
What is the legal form of SHYFTER?
Public limited company (NV).
When was SHYFTER founded?
On 19-02-2019.
Is SHYFTER still active?
Yes, SHYFTER is an active enterprise in the KBO register.
How many employees does SHYFTER have?
On average 18.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SHYFTER?
€28,884 in financial year 2019, according to the filed annual accounts.
Is SHYFTER profitable?
In financial year 2025, SHYFTER made a loss of €649,574.
Where can I find the annual accounts of SHYFTER?
SHYFTER filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SHYFTER due?
By 31-07-2027, for financial year 2026.Timeline

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