ACTIVE

C-Shift

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Financial year 2025 · closed on 31/12/2025
Net result
-2,2 M €
+69.6% YoY
Equity
30,2 M €
+6.9% YoY

What does C-Shift do?

C-Shift is a Public limited company incorporated in 2015. Its main activity is: Manufacture of other chemical products n.e.c.. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0634.938.739
Incorporation
10/08/2015
Legal form
Public limited company
Registered office
John Kennedylaan 51
9042 Gent · FlandreSee on map
Contributed capital
30 061 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
20590Manufacture of other chemical products n.e.c.· main20590Manufacture of other chemical products n.e.c.72101Research and experimental development on natural sciences and engineering72109Research and experimental development on natural sciences and engineering72110Research and experimental development on biotechnology72190Other research and experimental development on natural sciences and engineering
Signals
Positive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220202019201820172016
Income statement
Gross margin–––––––-2,9 k €-14,3 k €
EBITDA3,4 M €1,0 M €-3,6 M €-2,9 M €-1,7 M €-523,3 k €-72,7 k €-3,6 k €-15,6 k €
Operating result3,4 M €1,0 M €-3,6 M €-2,9 M €-1,7 M €-526,9 k €-72,7 k €-3,6 k €-15,6 k €
Net result-2,2 M €-7,1 M €-10,4 M €-5,8 M €-2,7 M €-531,9 k €-45,1 k €-3,7 k €-15,8 k €
Balance sheet
Equity30,2 M €28,2 M €31,6 M €41,9 M €47,3 M €47,7 M €47,0 M €42,1 k €45,7 k €
Total assets256,8 M €241,5 M €227,0 M €197,0 M €102,3 M €71,8 M €61,2 M €43,7 k €50,2 k €
Cash8,8 M €337,3 k €29,2 k €70,4 k €8,4 M €12,0 M €36,4 M €43,0 k €50,0 k €
Debts226,6 M €213,3 M €195,4 M €155,1 M €55,0 M €24,1 M €14,3 M €1,5 k €4,3 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 16 ended

Active mandates

Frederik ENGELS

Managing director · since 01 janvier 2025 · until 18 mai 2028

Active
Frederik VAN DE VELDE

Director · since 01 janvier 2025 · until 18 mai 2028

Active
ARCELORMITTAL HOLDING AND SERVICES BELGIUM

Director · since 15 novembre 2024 · until 21 mai 2026 · 0429.496.204

Represented by Erwin DE MEYST

Active
Wim VAN DER STRICHT

Director · since 19 mai 2022 · until 18 mai 2028

Active
Petra VERLODT

Director · since 13 octobre 2017 · until 21 mai 2026

Active

Ended mandates

Manfred VAN VLIERBERGHE

Director · since 19 mai 2022 · until 15 mai 2025

Ended
Wim VAN DER STRICHT

Director · since 19 mai 2022 · until 15 mai 2025

Ended
Frederic VAN DE VELDE

Director · since 13 octobre 2017 · until 19 mai 2023

Ended
Jeroen VAN LISHOUT

Managing director · since 13 octobre 2017 · until 19 mai 2023

Ended
At this address

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0416.867.495
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/06/202616/07/202512/07/202401/06/202304/07/202215/06/2021
General meeting21/05/202615/05/202516/05/202417/05/202319/05/202220/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202521/05/202618/06/2026DutchPDF
Full model31/12/202415/05/202516/07/2025DutchPDF
Full model31/12/202415/05/202503/06/2025FrenchPDF
Full model31/12/202316/05/202412/07/2024DutchPDF
Full model31/12/202217/05/202301/06/2023DutchPDF
Full model31/12/202119/05/202204/07/2022FrenchPDF
Full model31/12/202020/05/202115/06/2021DutchPDF
Full model31/12/201922/07/202019/08/2020DutchPDF
Full model31/12/201824/06/201917/07/2019DutchPDF
Abridged model31/12/201717/05/201803/09/2018DutchPDF
Abridged model31/12/201618/05/201730/05/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 16 ended

Active mandates

Frederik ENGELS

Managing director · since 01 janvier 2025 · until 18 mai 2028

Active
Frederik VAN DE VELDE

Director · since 01 janvier 2025 · until 18 mai 2028

Active
ARCELORMITTAL HOLDING AND SERVICES BELGIUM

Director · since 15 novembre 2024 · until 21 mai 2026 · 0429.496.204

Represented by Erwin DE MEYST

Active
Wim VAN DER STRICHT

Director · since 19 mai 2022 · until 18 mai 2028

Active
Petra VERLODT

Director · since 13 octobre 2017 · until 21 mai 2026

Active

Ended mandates

Manfred VAN VLIERBERGHE

Director · since 19 mai 2022 · until 15 mai 2025

Ended
Wim VAN DER STRICHT

Director · since 19 mai 2022 · until 15 mai 2025

Ended
Frederic VAN DE VELDE

Director · since 13 octobre 2017 · until 19 mai 2023

Ended
Jeroen VAN LISHOUT

Managing director · since 13 octobre 2017 · until 19 mai 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates31/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/12/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares15/05/2018
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-2,2 M €↑
  2. 22/05/2025
    reconductionErnst & Young Bedrijfsrevisoren BV — commissaris
  3. 01/01/2025
    nominationFrederik Engels — persoon belast met dagelijks bestuur
  4. 2024
    Annual accounts 2024-7,1 M €↑
  5. 2023
    Annual accounts 2023-10,4 M €↓
  6. 17/05/2023
    reconductionPetra Verlodt — bestuurder
  7. 17/05/2023
    reconductionJeroen Van Lishout — bestuurder
  8. 2022
    Annual accounts 2022-5,8 M €↓
  9. 19/05/2022
    nominationErnst & Young Bedrijfsrevisoren BV — commissaris
  10. 19/05/2022
    nominationManfred Van Viierberghe — bestuurder
  11. 19/05/2022
    nominationWim Van Der Stricht — bestuurder
  12. 2020
    Annual accounts 2020-2,7 M €↓
  13. 2019
    Annual accounts 2019-531,9 k €↓
  14. 2018
    Annual accounts 2018-45,1 k €↓
  15. 2017
    Annual accounts 2017-3,7 k €↑
  16. 2016
    Annual accounts 2016-15,8 k €
  17. 10/08/2015
    IncorporationPublic limited company