Program Sam
ActiveSummary
Program Sam has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €16k. Its solvency ranks better than 73% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+5
Growth52
Track record82
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 4.24 against 3.16 in 2024; short-term debt: 23.2% and cash: 86.7% of total assets), and 23.2% of the assets are financed with debt.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
76.8%
Return on assets
34.1%
Age of the figures
9 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
22 d early
2024
51 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€36k▲ 79.6%
2024 · €20k
Total assets
€47k▲ 62.6%
2024 · €29k
Net result
€16k▼ 9.1%
2024 · €18k
Working capital
€35k▲ 85.3%
2024 · €19k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€22k-€21k▼ 6.6%
Net result€18k-€16k▼ 9.1%
Equity€20k-€36k▲ 79.6%
Total assets€29k-€47k▲ 62.6%
Debt€9k-€11k▲ 23.8%
Working capital€19k-€35k▲ 85.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47k
Fixed assets
€859 ▼ 21.0%
Current assets
€46k ▲ 65.9%
Equity and liabilities €47k
Equity
€36k ▲ 79.6%
Debt
€11k ▲ 23.8%
Debt's share of the balance-sheet total falls from 30.4% to 23.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21k▼
2024 · €22k
Cash flow
€16k▼
2024 · €18k
Current ratio
4.24▲
2024 · 3.16
Quick ratio
4.20▲
2024 · 3.09
Debt to equity
0.30▼
2024 · 0.44
ROE
44.3%▼
2024 · 87.6%
ROA
34.1%▼
2024 · 60.9%
Interest coverage
43.63▼
2024 · 1956.74
Debt ≤ 1 year
€11k▲
2024 · €9k
Income taxes
€4k▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56 | €229 | ▲ 306% |
| Other operating charges640/8 | €762 | €208 | ▼ 72.8% |
| Gross operating margin9900 | €23k | €21k | ▼ 8.0% |
| Operating profit (loss)9901 | €22k | €21k | ▼ 6.6% |
| Financial charges65/66B | €11 | €483 | ▲ 4,123% |
| Recurring financial charges65 | €11 | €483 | ▲ 4,123% |
| Profit (loss) for the period before taxes9903 | €22k | €20k | ▼ 8.7% |
| Income taxes67/77 | €5k | €4k | ▼ 7.3% |
| Profit (loss) for the period9904 | €18k | €16k | ▼ 9.1% |
| Profit (loss) for the period to be appropriated9905 | €18k | €16k | ▼ 9.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €29k | €47k | ▲ 62.6% |
| Fixed assets21/28 | €1k | €859 | ▼ 21.0% |
| Tangible fixed assets22/27 | €1k | €859 | ▼ 21.0% |
| Plant, machinery and equipment23 | €1k | €859 | ▼ 21.0% |
| Current assets29/58 | €28k | €46k | ▲ 65.9% |
| Stocks and contracts in progress3 | €682 | €409 | ▼ 40.0% |
| Stocks30/36 | €682 | €409 | ▼ 40.0% |
| Amounts receivable within one year40/41 | €10k | €5k | ▼ 52.8% |
| Trade receivables40 | €10k | €5k | ▼ 54.5% |
| Other amounts receivable41 | - | €174 | - |
| Cash at bank and in hand54/58 | €17k | €41k | ▲ 144% |
| Deferred charges and accrued income490/1 | €232 | €169 | ▼ 27.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €29k | €47k | ▲ 62.6% |
| Equity10/15 | €20k | €36k | ▲ 79.6% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | €18k | €34k | ▲ 90.9% |
| Distributable reserves133 | €18k | €34k | ▲ 90.9% |
| Amounts payable17/49 | €9k | €11k | ▲ 23.8% |
| Amounts payable within one year42/48 | €9k | €11k | ▲ 23.8% |
| Financial debts43 | €8 | €65 | ▲ 681% |
| Credit institutions430/8 | €8 | €65 | ▲ 681% |
| Trade debts44 | €1k | €579 | ▼ 56.9% |
| Suppliers440/4 | €1k | €579 | ▼ 56.9% |
| Taxes, remuneration and social security45 | €7k | €10k | ▲ 38.2% |
| Taxes450/3 | €7k | €10k | ▲ 38.2% |
| Other amounts payable47/48 | €29 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €16k | ▼ 9.1% |
| + Depreciation and write-downs630 | €56 | €229 | ▲ 306% |
| Operating cash flow (approximation) | €18k | €16k | ▼ 8.1% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €24k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2024
Ground area
1,078 m²
Building footprint
394 m²
Volume, LiDAR
8,308 m³
Parcel 11806F1359/00D000, Flanders · tallest building 29.3 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Program Sam
since 20242.354.919.775
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1359/00D000 | Flanders | 1,078 m² | 1 · 394 m² | 29.3 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
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Steven Leemans Consulting
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URISE
BE 0684.462.583
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ASSIST DIGITAL BELGIQUE
BE 1000.846.097
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CRIC
BE 0744.717.894
Braine-l'Alleud · Eq €36,096
Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 35,900 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.