SHIFT-ZONE
ActiveSummary
SHIFT-ZONE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71k and a net result of €66k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 2692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+2
Solvency59▲+14
Growth76▲+14
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.39 in 2024; short-term debt: 57.9% and cash: 46.4% of total assets), but 65.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
34.3%
Return on assets
32.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €71k
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
29 d early
2023
37 d early
2022
24 d early
2021
30 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€221k▼ 17.3%
2020 · €267k
2018: €159k
2019: €192k
2020: €267k
2018 → 2021
EBIT margin
6.2%▼ 4.3pp
2020 · 10.6%
2018: 18.5%
2019: 3.6%
2020: 10.6%
2018 → 2021
Net result
€66k▲ 25.0%
2024 · €53k
2018: €234
2019: €6k
2020: €27k
2021: €22k
2022: €23k
2023: €42k
2024: €53k
2018 → 2025
Working capital
€87k▲ 39.7%
2024 · €62k
2018: €72k
2019: €76k
2020: €130k
2021: €106k
2022: €142k
2023: €23k
2024: €62k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€221k-
Equity€110k-€133k▲ 21.0%€17k▼ 86.9%€45k▲ 156%€71k▲ 59.3%
Operating result€14k-€30k▲ 120%€50k▲ 65.2%€69k▲ 38.3%€87k▲ 26.1%
Net result€22k-€23k▲ 4.8%€42k▲ 82.9%€53k▲ 25.9%€66k▲ 25.0%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €207k
Fixed assets
€284 ▼ 91.5%
Current assets
€207k ▼ 6.6%
Equity and liabilities €207k
Equity
€71k ▲ 59.3%
Debt
€136k ▼ 24.5%
Debt's share of the balance-sheet total falls from 80.2% to 65.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€90k▲
2024 · €72k
Cash flow
€69k▲
2024 · €56k
Current ratio
1.72▲
2024 · 1.39
Quick ratio
1.70▲
2024 · 1.37
Debt to equity
1.92▼
2024 · 4.04
ROE
93.6%▼
2024 · 119.3%
ROA
32.1%▲
2024 · 23.7%
Interest coverage
204.85▲
2024 · 159.05
Debt ≤ 1 year
€120k▼
2024 · €159k
Income taxes
€20k▲
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€225k€207k▼
Fixed assets21/28€3k€284▼
Tangible fixed assets22/27€3k€0▼
Furniture and vehicles24€3k€0▼
Financial fixed assets28€284€284=
Current assets29/58€221k€207k▼
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€72k€106k▲
Trade receivables40€72k€106k▲
Other amounts receivable41-€0
Cash at bank and in hand54/58€145k€96k▼
Deferred charges and accrued income490/1€366€2k▲
Equity and liabilities
Total equity and liabilities10/49€225k€207k▼
Equity10/15€45k€71k▲
Contributions10/11€17k€17k=
Reserves13-€26k
Distributable reserves133-€26k
Profit (loss) carried forward14€27k€27k=
Amounts payable17/49€180k€136k▼
Amounts payable within one year42/48€159k€120k▼
Current portion of amounts payable after more than one year42€869€864▼
Trade debts44€6k€11k▲
Suppliers440/4€6k€11k▲
Taxes, remuneration and social security45€15k€42k▲
Taxes450/3€15k€42k▲
Other amounts payable47/48€136k€66k▼
Accrued charges and deferred income492/3€21k€16k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€565€583▲
Gross operating margin9900€73k€91k▲
Operating profit (loss)9901€69k€87k▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€455€441▼
Recurring financial charges65€455€441▼
Profit (loss) for the period before taxes9903€69k€87k▲
Income taxes67/77€16k€20k▲
Profit (loss) for the period9904€53k€66k▲
Profit (loss) for the period to be appropriated9905€53k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€53k€94k▲
Profit (loss) brought forward from the previous period14P-€27k
Transfer to equity691/2-€26k
To other reserves6921-€26k
Profit to be distributed694/7€26k€40k▲
Return on contributions (dividend)694€26k€40k▲
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
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €66k ▲25%
Operating result €87k, net result €66k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Equity above €100kEq €110k ▲25.1%
4 profitable years in a row build equity to €110k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 15.80
Current ratio from 3.97 to 15.80; short-term debt falls from €26k to €9k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Schaarbeek · 1 establishment unit since 2005
Ground area
1,938 m²
Building footprint
2,551 m²
Volume, LiDAR
58,376 m³
2 parcels, Brussels · tallest building 40.1 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
SHIFT-ZONE SCRL
since 20052.144.526.676
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0045/00D002 | Brussels | 1,857 m² | 1 · 2,479 m² | 40.1 m · 8 fl. |
| 21906D0054/00X008 | Brussels | 81 m² | 1 · 72 m² | 15.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
GUBA GUBA
BE 0884.586.550
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BDE -SERVICE CENTER
BE 0873.941.096
Nivelles · Eq €70,526
BONSAI
BE 0775.804.218
Leuven · Eq €70,405
TURNER ASSOCIATES
BE 0465.654.735
Antwerpen · Eq €70,377
P L A N
BE 0659.820.526
Sint-Laureins · Eq €71,739
Of 3,211 companies in sector 62900 we hold annual accounts for 1,741. 1,391 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
Founded20-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.