Financials
Financial year 2025
Shift from Wervik, company number BE0711818266, closed financial year 2025 with a result of € 136,315 after tax. For that financial year Shift recorded a gross margin of € 215,336 and equity of € 681,602. Compared with financial year 2024, the result moved from € 136,523 to € 136,315. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 681,602
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 136,315
Profit after tax over the fiscal year.
€ 204,330
▲ 186% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1,666 paid out
1 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 48,643
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,633
▲ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,284
▲ 103% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 150,871 | € 268,100 | € 228,076 | € 215,336 | ▼ 6% |
| Profit after taxes | € 97,016 | € 162,144 | € 136,523 | € 136,315 | |
| Equity | € 363,870 | € 526,015 | € 615,479 | € 681,602 | ▲ 11% |
| Total debts | € 16,515 | € 33,527 | € 56,418 | € 26,725 | ▼ 53% |
| Cash | € 110,344 | € 97,753 | € 71,348 | € 204,330 | ▲ 186% |
| Land & buildings | € 160,334 | € 151,137 | € 138,426 | € 125,715 | ▼ 9% |
| Retained profit | € 351,470 | € 513,615 | € 603,079 | € 669,202 | ▲ 11% |
| Dividend | € 0 | € 0 | € 47,059 | € 1,666 | ▼ 96% |
| Balance sheet total | € 380,386 | € 559,542 | € 671,897 | € 708,327 | ▲ 5% |
Key figures of Shift, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Shift?
What happened at Shift in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 136,315. Source: NBB ↗
- Delphine Sioen became a director. NBB
- New establishment in Wervik. KBO
- Stijn Defraeye became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 97,016 profit in 2022 to € 136,315 profit in 2025.
Paid € 202,186 in corporate taxes since 2022.
Best year ever: 2023, with € 162,144 profit.
Paid out € 48,725 in dividends to the owners in total.
Management
Behind Shift are Stijn Defraeye and Delphine Sioen.
Directors
According to the 2025 annual accounts
Stijn Defraeye
Director
since 2018
Delphine Sioen
Director
since 2026
Establishments
Establishment units
Physical locations of this company
Magerheidstraat 32
8940 Wervik
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0711.818.266
- VAT number
- BE 0711.818.266
- Registered office
- Magerheidstraat 32, 8940 Wervik
- Names & denominations
- Shift
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 October 2018
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