SHIFT HAPPENS
ActiveSummary
SHIFT HAPPENS has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44k and a net result of €39k. Its solvency ranks better than 58% of 524 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes
Profitability100
Solvency94
Growth-
Track record67
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 3.17; short-term debt: 30.6% and cash: 71.9% of total assets), and 30.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Sector 72
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.4%
Return on assets
61.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2025
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€44k
Total assets
€63k
Net result
€39k
Working capital
€42k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €62k
Fixed assets
€1k
Current assets
€61k
Equity and liabilities €63k
Equity
€44k
Debt
€19k
Debt finances 30.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€49k
Cash flow
€39k
Current ratio
3.17
Debt to equity
0.44
ROE
88.5%
ROA
61.4%
Interest coverage
784.44
Debt ≤ 1 year
€19k
Income taxes
€10k
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet
Code2025
Assets
Total assets20/58€63k
Formation expenses20€520
Fixed assets21/28€1k
Tangible fixed assets22/27€1k
Furniture and vehicles24€1k
Current assets29/58€61k
Amounts receivable within one year40/41€16k
Trade receivables40€16k
Cash at bank and in hand54/58€45k
Deferred charges and accrued income490/1€203
Equity and liabilities
Total equity and liabilities10/49€63k
Equity10/15€44k
Contributions10/11€5k
Reserves13€39k
Distributable reserves133€39k
Amounts payable17/49€19k
Amounts payable within one year42/48€19k
Trade debts44€963
Suppliers440/4€963
Taxes, remuneration and social security45€18k
Taxes450/3€18k
Income statement
Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€790
Other operating charges640/8€232
Gross operating margin9900€50k
Operating profit (loss)9901€49k
Financial charges65/66B€63
Recurring financial charges65€63
Profit (loss) for the period before taxes9903€49k
Income taxes67/77€10k
Profit (loss) for the period9904€39k
Profit (loss) for the period to be appropriated9905€39k
Appropriation of the result
Profit (loss) to be appropriated9906€39k
Transfer to equity691/2€39k
To other reserves6921€39k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2025
Ground area
140 m²
Building footprint
74 m²
Volume, LiDAR
619 m³
Parcel 44432C1138/00G002, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SHIFT HAPPENS
since 20252.374.447.459
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C1138/00G002 | Flanders | 139 m² | 1 · 74 m² | 14.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
HOLVAST
BE 0644.793.741
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IPM IMPACT
BE 0825.883.734
Hasselt · Eq €43,011
Dokter Sara Van Soom, huisarts
BE 0632.552.143
Edegem · Eq €42,579
Elegent
BE 0784.411.383
Gent · Eq €42,203
3D Fibroscreen
BE 1022.772.354
Charleroi · Eq €45,057
Of 762 companies in sector 72101 we hold annual accounts for 481. 233 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-06-2025
Fiscal year end31-12
Activities, NACEBEL 2025
72101Research and development on biotechnology
70200Business and other management consultancy
72109Other research and development on natural sciences
82100Office administrative and support services
85592Vocational training
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:kim@shifthappens.be
Phone:0472734343