ACTIVE

Shift Left Security

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Financial year 2025 · closed on 31/12/2025
Net result
162,9 k €
-33.4% YoY
Gross margin
256,1 k €
-29.2% YoY
Equity
77,5 k €
+47.6% YoY
Workforce
0,0 ETP
-100.0% YoY

What does Shift Left Security do?

Shift Left Security is a Private limited company incorporated in 2019. Its registered office is in Lubbeek.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0726.743.794
Incorporation
14/05/2019
Legal form
Private limited company
Registered office
Raalbeekstraat(LIN) 6
3210 Lubbeek · FlandreSee on map
Contributed capital
2 500,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Joint committees (1)
  • 20000
Contacts
2 public details availableLog in to view
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin256,1 k €361,5 k €172,5 k €170,8 k €166,1 k €
EBITDA234,3 k €340,4 k €126,9 k €134,3 k €129,2 k €
Operating result225,8 k €330,1 k €115,3 k €124 k €120,9 k €
Net result162,9 k €244,4 k €84,8 k €87,8 k €85,9 k €
Balance sheet
Equity77,5 k €52,5 k €59,6 k €124,8 k €136,9 k €
Total assets500,8 k €507,4 k €442,7 k €514,7 k €335,2 k €
Cash108,9 k €55,3 k €53,1 k €84,2 k €39 k €
Debts410,2 k €454,9 k €383 k €386,6 k €198,3 k €
Other
Workforce0,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Erwin GEIRNAERT

Managing director · since 14 mai 2019

Active
Jessica Nieuwdorp

Managing director · since 14 mai 2019

Active

Ended mandates

Erwin GEIRNAERT

Director · since 14 mai 2019

Ended
Jessica NIEUWDORP

Director · since 14 mai 2019

Ended
Erwin Geirnaert

Associate

Ended
ERWIN GEIRNAERT

Administrator - manager

Ended
At this address

Other companies at this address

CompanyCBE no.
Security Innovation● Active
0871.935.275
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date23/06/202620/05/202507/06/202423/05/202321/06/202202/07/2021
General meeting16/06/202616/05/202517/05/202428/04/202317/06/202218/06/2021
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202516/06/202623/06/2026DutchPDF
Abridged model31/12/202416/05/202520/05/2025DutchPDF
Abridged model31/12/202317/05/202407/06/2024DutchPDF
Abridged model31/12/202228/04/202323/05/2023DutchPDF
Abridged model31/12/202117/06/202221/06/2022DutchPDF
Abridged model31/12/202018/06/202102/07/2021DutchPDF
Abridged model31/12/201902/10/202014/10/2020DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 2 active · 6 ended

Active mandates

Erwin GEIRNAERT

Managing director · since 14 mai 2019

Active
Jessica Nieuwdorp

Managing director · since 14 mai 2019

Active

Ended mandates

Erwin GEIRNAERT

Director · since 14 mai 2019

Ended
Jessica NIEUWDORP

Director · since 14 mai 2019

Ended
Erwin Geirnaert

Associate

Ended
ERWIN GEIRNAERT

Administrator - manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other16/05/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025162,9 k €↓
  2. 2024
    Annual accounts 2024244,4 k €↑
  3. 2023
    Annual accounts 202384,8 k €↓
  4. 2022
    Annual accounts 202287,8 k €↑
  5. 2021
    Annual accounts 202185,9 k €
  6. 14/05/2019
    IncorporationPrivate limited company