Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
SHYFTER from Brussel, company number BE0720922212, closed financial year 2025 with a result of € -649,574 after tax. For that financial year SHYFTER recorded a gross margin of € 738,007 and equity of € 533,484. Compared with financial year 2024, the result moved from € -65,197 to € -649,574. The company made a loss. 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 August 31, 2026.
€ 533,484
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -649,574
▼ 896 % more loss than in 2024
Profit after tax over the fiscal year.
€ 732,321
▲ 167% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -714,771.
People and assets in 2025
18.4
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 68% vs 2024
€ 59,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 32,330
▲ 83% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 274,212
▼ 6% vs 2024
€ 83,333 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 58,895
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 258,028
▲ 88% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 65,715 | € 367,647 | € 804,003 | € 738,007 | ▼ 8% |
| Profit after taxes | € -385,034 | € -227,943 | € -65,197 | € -649,574 | ▼ € 584,377 |
| Equity | € -391,281 | € 498,301 | € 433,103 | € 533,484 | ▲ 23% |
| Total debts | € 782,354 | € 405,582 | € 482,272 | € 594,208 | ▲ 23% |
| Cash | € 53,404 | € 344,315 | € 273,875 | € 732,321 | ▲ 167% |
| Retained profit | € -702,481 | € -930,424 | € -65,197 | € -714,771 | ▼ € 649,574 |
| Bank debt | € 666,187 | € 225,000 | € 291,668 | € 274,212 | ▼ 6% |
| Balance sheet total | € 391,073 | € 903,883 | € 915,375 | € 1,127,692 | ▲ 23% |
| Employees (FTE) | - | - | - | 18.4 |
Key figures of SHYFTER, 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 SHYFTER?
What happened at SHYFTER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lionel HERMANS stepped down as director. NBB
- Michael VANDENHOOFT stepped down as director. NBB
- SAMBRINVEST SPIN-OFF/SPIN-OUT SA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 649,574. filed late Source: NBB ↗
- Vincent BAILLE stepped down as director. NBB
- Lionel HERMANS became a director. NBB
- Vincent BAILLE became a director. NBB
- Michael VANDENHOOFT became a director. NBB
In short
From € 385,034 loss in 2022 to € 649,574 loss in 2025.
Paid € 2,857 in corporate taxes since 2022.
On average € 40,100 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of SAMBRINVEST SPIN-OFF/SPIN-OUT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SHYFTERThe shares are held by SAMBRINVEST SPIN-OFF/SPIN-OUT (11.2%).
Directors
According to the 2025 annual accounts
Lionel HERMANS
Director
since 2025 · until 2031
since 2025 · until 2026
Michael VANDENHOOFT
Director
since 2025 · until 2031
SAMBRINVEST SPIN-OFF/SPIN-OUT SA
Director · represented by Olivier MERTENS
Also active at: BE ANGELS, Brussels South Charleroi BioPark Dev, 50°NORTH VENTURES, THEODORUS III, EMAsphere, AQUILON PHARMACEUTICALS, APIQUIET, BigCaptain +25 more
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Waterloolaan 30
1000 Brussel
Rue Joseph Saintraint 1
5000 Namur
Active since 1 March 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
shyfter.co
Registered
2017-09-24
Registrar
EuroDNS SA
Expires
2027-09-23
Website info
Features
Security
Details
- Company number
- 0720.922.212
- VAT number
- BE 0720.922.212
- Registered office
- Waterloolaan 30, 1000 Brussel
- Names & denominations
- SHYFTER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 February 2019
- Peppol
- Active · Active since 18 Dec 2025
- Contact
- shyfter.co
- Activities · NACE
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