Equity
€72,008 from €190,635 in 2023
Equity fell by 62% in 2 years.
Tactic Shift
Overview
Lifetime
5 annual accounts with figures on one time axispeak €123,771 (2024)
€86,594▼ 30.0%
peak €93,436 (2024)
€73,937▼ 20.9%
peak €190,635 (2023)
€72,008▲ 41.0%
€22,317▼ 91.7%
Board1 name since 2021
Documentsfilings and deeds
21-07-202610 days before the deadline
2025micro format
Gross margin from €123,771 to €86,594Dividend €53,000Equity from €51,071 to €72,008Debts from €268,938 to €22,317Cash from €106,726 to €69,775
Key points
from the 2025 annual accountsChecked score
98
Excellent
Financially stronger than 83% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged 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%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 4.20, cash €69,775
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €94,325
Equity €72,008 (76.3% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 70, micro). It does better than 86% of them on solvency, 85% on liquidity, 84% on profitability and 77% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as Tactic Shift has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Tactic Shift itself is lower: < 0.1% within 12 months. It rests on far more data about Tactic Shift than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for Tactic Shift. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.2 (1.19 in 2024), above the usual 1.5. Short-term debt is 23.7% and cash 74% of total assets. 23.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-07-2026, 10 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
10 days early
2024
41 days early
2023
30 days late
2022
87 days late
2021
72 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 28 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 31 August (4 of the last 5 accounts filed within 56 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MARCHAL Benoît Louis Pierre Anne Marie Ghislain 100 sharesdeed of 01-07-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0770487925
First establishment
Edouard Speeckaertlaan 119, Woluwe-Saint-Lambert
Incorporation
Founding capital of €2,000, 100 shares · Founder: MARCHAL Benoît Louis Pierre Anne Marie Ghislain (comparant) · Appointment: MARCHAL Benoît Louis Pierre Anne Marie Ghislain (director) · published on 01-07-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Tactic Shift Woluwe-Saint-Lambert | €94,325 | €86,594 | 76.3% | - |
| Stepney Green Management Woluwe-Saint-Lambert | €89,208 | €94,432 | 87.9% | - |
| ST INTERNATIONAL CONSULTING Uccle | €97,647 | €90,335 | 4.1% | - |
| ML Infosec Berchem-Sainte-Agathe | €101,653 | €98,871 | 10.5% | - |
| Willo Sint-Gillis (bij-Brussel) | €98,712 | €89,711 | 26.5% | - |
| QAB54 Brussels | €100,988 | €74,379 | 6.4% | - |
| HAMBYDEV Koekelberg | €103,508 | €77,705 | 2.9% | - |
These companies have the same main activity as Tactic Shift: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €89,200 and €104,000, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 29-06-2021Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.320.493.8811200 Woluwe-Saint-Lambert, since 01-07-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 06-07-2021
Annual accounts 2025
- €86,594▼ 30.0%
- ≈ €180,000estimated
- €73,937▼ 20.9%
- €72,008▲ 41.0%
- €94,325▼ 70.5%
- Filing
- Filed on 21-07-2026, 10 days before the end of the filing period
Insights on Tactic Shift
Tactic Shift files the micro format. That format states no turnover. The gross margin rose from €37,796 in 2021 to €86,594 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 21-07-2026, 10 days before the deadline€86,594
▼ 30.0%
€85,724
▼ 27.4%
€73,937
▼ 20.9%
€71,516
▲ 42.4%
76.3%
▲ 60.4 percentage points
4.20
▲ 3.02
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €130,000 and €220,000.
Balance sheet
balance sheet total €94,325 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
76.3%
Higher than 73% of 39,360 companies in 2025.
4.20
Higher than 74% of 38,044 companies in 2025.
78.4%
Higher than 95% of 38,516 companies in 2025.
Tactic Shift
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
94,325 | 320,009 | 221,918 | 141,591 | 43,479 | |
21/28 |
493 | 834 | 4,943 | 10,093 | 15,253 | |
22/27 |
493 | 834 | 4,943 | 10,093 | 15,253 | |
24 |
493 | 834 | 4,943 | 10,093 | 15,253 | |
29/58 |
93,832 | 319,175 | 216,975 | 131,497 | 28,226 | |
40/41 |
23,290 | 97,266 | 64,361 | 37,026 | 18,087 | |
40 |
20,464 | 18,482 | 12,778 | 11,620 | 13,185 | |
41 |
2,826 | 78,783 | 51,584 | 25,406 | 4,902 | |
50/53 |
0 | 115,183 | - | - | - | |
54/58 |
69,775 | 106,726 | 152,614 | 94,472 | 9,620 | |
490/1 |
767 | - | - | 0 | 519 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
94,325 | 320,009 | 221,918 | 141,591 | 43,479 | |
10/15 |
72,008 | 51,071 | 190,635 | 106,599 | 31,743 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
14 |
70,008 | 49,071 | 188,635 | 104,599 | 29,743 | |
17/49 |
22,317 | 268,938 | 31,283 | 34,992 | 11,736 | |
42/48 |
22,317 | 268,938 | 31,264 | 34,992 | 11,736 | |
44 |
94 | 727 | 748 | 1,625 | 30 | |
440/4 |
94 | 727 | 748 | 1,625 | 30 | |
45 |
17,240 | 35,211 | 30,517 | 33,367 | 11,706 | |
450/3 |
17,240 | 35,211 | 30,517 | 33,367 | 11,706 | |
47/48 |
4,983 | 233,000 | - | - | - | |
492/3 |
- | 0 | 19 | - | - | |
| Income statement | ||||||
9900 |
86,594 | 123,771 | 112,446 | 100,461 | 37,796 | |
630 |
342 | 5,134 | 5,150 | 5,160 | 226 | |
640/8 |
528 | 511 | 612 | 793 | 282 | |
9901 |
85,724 | 118,126 | 106,684 | 94,509 | 37,289 | |
75/76B |
23,614 | 4,509 | 0 | - | - | |
75 |
23,614 | 4,509 | 0 | - | - | |
65/66B |
7,966 | 675 | 209 | 145 | 50 | |
65 |
7,966 | 675 | 209 | 145 | 50 | |
9903 |
101,372 | 121,960 | 106,475 | 94,364 | 37,238 | |
67/77 |
27,435 | 28,524 | 22,438 | 19,508 | 7,496 | |
9904 |
73,937 | 93,436 | 84,036 | 74,856 | 29,743 | |
9905 |
73,937 | 93,436 | 84,036 | 74,856 | 29,743 | |
| Appropriation of the result | ||||||
9906 |
123,008 | 282,071 | 188,635 | 104,599 | 29,743 | |
14P |
49,071 | 188,635 | 104,599 | 29,743 | - | |
694/7 |
53,000 | 233,000 | - | - | - | |
694 |
53,000 | 233,000 | - | - | - | |
| Document | ||||||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 21-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-07-2026 | 2026-00313716 | |
| 31-12-2024 | micro format | 20-06-2025 | 2025-00156841 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00404613 | |
| 31-12-2022 | micro format | 26-10-2023 | 2023-00492601 | |
| 31-12-2021 | micro format | 11-10-2022 | 2022-20456544 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 86,066 | 123,260 | 111,834 | 99,668 | 37,515 | ||
| 74,279 | 98,570 | 89,186 | 80,016 | 29,969 | ||
| 0 | 1,026 | 0 | 0 | 15,479 | ||
| -36,951 | -45,887 | 58,142 | 84,851 | - | ||
| 71,516 | 50,236 | 185,711 | 96,506 | 16,490 | ||
| 76.3% | 16.0% | 85.9% | 75.3% | 73.0% | ||
| 4.20 | 1.19 | 6.94 | 3.76 | 2.41 | ||
| 0.31 | 5.27 | 0.16 | 0.33 | 0.37 | ||
| 102.7% | 183.0% | 44.1% | 70.2% | 93.7% | ||
| 78.4% | 29.2% | 37.9% | 52.9% | 68.4% | ||
| 10.80 | over 100 | over 100 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,026 | - | - | €15,479 |
| Financial fixed assets | €0 | - | - | - | - |
| €342 | €5,134 | €5,150 | €5,160 | €226 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Tactic Shift
The operating result for 2025 is 27% lower than in 2024 and the lowest since 2021.
Debt's share of the balance-sheet total falls from 84.0% to 23.7%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 29-06-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 21-07-2026
Mandates through the years
1 name, the dashed line is todayMARCHAL Benoît Louis Pierre Anne Marie Ghislain
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- MARCHAL Benoît Louis Pierre Anne Marie Ghislain
- Director (not named in the articles), from 29-06-2021 to date
Control
This company
Tactic Shift
Equity €72,008
Profit €73,937 in 2025
Capital
- Contribution
- €2,000
- Shares
- 100
- Contribution per share
- €20
- Equity per share
- €720 in 2025
- Source
- deed of 01-07-2021
Articles of association
deed of 01-07-2021 (in French)- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Chaque administrateur agissant seul peut accomplir tous les actes nécessaires ou utiles à l’accomplissement de l’objet, ceux que la loi et…”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 01-07-2021 ↗
- MARCHAL Benoît Louis Pierre Anne Marie Ghislain 100 shares (100%) · €2,000
Network & group
No group
Tactic Shift has no parent and no holdings in its annual accounts. MARCHAL Benoît Louis Pierre Anne Marie Ghislain is the only director. Tactic Shift shares no director with another company.
The LEI register names no parent.
Timeline
Timeline
12 events since 2021Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 10 days before the deadline
2025
Liquidity more than triples current ratio 4.20 The current ratio rises from 1.19 to 4.20. Short-term debt falls from €268,938 to €22,317.
Annual accounts 2024 filed PDFmicro format · 41 days before the deadline
2024
Highest result from 2021 to 2025 net €93,436 ▲11.2% The operating result of €118,126 and the net result of €93,436 are both a record.
Annual accounts 2023 filed PDFmicro format · 30 days late
2023
Equity above €150,000 equity €190,635 ▲78.8% With a profit in every financial year since 2021, equity grows to €190,635.
Annual accounts 2022 filed PDFmicro format · 87 days late
2022
Equity above €100,000 equity €106,599 ▲236% With a profit in every financial year since 2021, equity grows to €106,599.
Annual accounts 2021 filed PDFmicro format · 72 days late
2021
Registered in the Peppol Directory Reachable for e-invoices through 0208:0770487925
First establishment Edouard Speeckaertlaan 119, Woluwe-Saint-Lambert
IncorporationFounding capital of €2,000, 100 shares · Founder: MARCHAL Benoît Louis Pierre Anne Marie Ghislain (comparant) · Appointment: MARCHAL Benoît Louis Pierre Anne Marie Ghislain (director) · published on 01-07-20216 points ▸
- Founder, MARCHAL Benoît Louis Pierre Anne Marie Ghislain (comparant)
- Founding capital, €2,000, 100 shares
- 100 shares
- Registered office clause, Avenue Edouard Speeckaert 119, 1200 Woluwé-Saint-Lambert
- Board rule, 1
- Director appointment, MARCHAL Benoît Louis Pierre Anne Marie Ghislain (director (not named in the articles))
- The deed holds 5 more points.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Tactic Shift was incorporated on 29 June 2021 as a private limited company by one natural person, with a starting capital of €2,000.12 Since 2021, MARCHAL Benoît Louis Pierre Anne Marie Ghislain has served as director.3 Total assets rose from €43,479 in 2021 to €94,325 in 2025.4
Company details
Identity
- Enterprise number
- 0770.487.925
- VAT number
- BE 0770.487.925
- Peppol ID
- 0208:0770487925
- LEI code
- 875500KH5IY7ZAOWB607 live in the LEI register
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 29-06-2021
- Financial year
- ends on 31 December
- Peppol
- Reachable since 06-07-2021Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Tactic Shift in French
- Entity type
- Legal entity
- Name clauseThe company operates under this name according to its articles.
- Tactic Shiftdeed of 01-07-2021 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 01-07-2021 (in French)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Gestion de projet et consultance dans le domaine de la chaine d’approvisionnement et de la logistique; La consultance, et/ou la prestation…”deed of 01-07-2021 (in French)
6 activities
- Gestion de projet et consultance dans le domaine de la chaine d’approvisionnement et de la logistique
- La consultance, et/ou la prestation de services en matière de management et de gestion au sens large du terme
- L’acquisition d’actions, parts sociales ou toute participation sous quelque forme que ce soit dans des autres sociétés
- Toutes activités et opérations d'une société d'investissement et de holding, l'acquisition, la cession et la détention de toutes actions, obligations, tous autres titres ou valeurs mobilières, droits et biens meubles et immeubles, et, de manière générale, tous intérêts dans des investissements meubles ou immeubles
- L’activité d’intermédiaire commercial dans les activités ci-dessus énumérées
- L’activité de formation dans les activités ci-dessus énumérées
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Edouard Speeckaertlaan 119 registered office 1200 Woluwe-Saint-Lambert | 01-07-2021 | 2.320.493.881 |
Buildings and parcels at the address
- Ground area
- 190 m²
- Buildings
- 82 m²
- Volume, LiDAR
- 763 m³
- Tallest building
- 13.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21673D0092/00Z007 | 190 m² | 1 · 82 m² | 13.2 m · 3 |