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SAM

Active
Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 198937 yrs activeRue Delfosse 5, 4000 Liège, BelgiumKBO/BCE: BE 0437.267.882

SAM has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €21k. Equity is growing by ~46.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 3462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
56 / 100
Fair= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency16▲+4
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.74 in 2024), and 84.1% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 37 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
15.9%
Return on assets
5.5%
Age of the figures
8 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-08-2026, 15 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
15 d late
2024
2 d early
2023
23 d early
2022
11 d late
2021
4 d early
2020
17 d late
2019
2 d early
← before the deadline after the deadline →
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 months
Position in the running window
05-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity
€61k▲ 52.2%
2024 · €40k
2022: €22k 2023: €23k 2024: €40k
2022 → 2025
Total assets
€385k▲ 1.2%
2024 · €380k
2022: €402k 2023: €384k 2024: €380k
2022 → 2025
Net result
€21k▲ 20.6%
2024 · €17k
2022: €-5k 2023: €1k 2024: €17k
2022 → 2025
Working capital
€-14k▼ 9.6%
2024 · €-12k
2022: €-88k 2023: €-27k 2024: €-12k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line2022202320242025Trend
Equity€22k-€23k▲ 5.0%€40k▲ 76.4%€61k▲ 52.2%
Operating result€2k-€7k▲ 241%€23k▲ 223%€34k▲ 44.6%
Net result€-5k-€1k€17k▲ 1,505%€21k▲ 20.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-10k€0€10k€20k€30kOperating result 2022: €2k€2kNet result 2022: €-5k€-5kOperating result 2023: €7k€7kNet result 2023: €1k€1kOperating result 2024: €23k€23kNet result 2024: €17k€17kOperating result 2025: €34k€34kNet result 2025: €21k€21k2022202320242025
The operating result has risen three years in a row; 2025 is 45% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €385k
Fixed assets €344k▼ 0.1%
Current assets €41k▲ 13.6%
Equity and liabilities €385k
Equity €61k▲ 52.2%
Debt €324k▼ 4.9%
The debt ratio falls from 89.4% to 84.1%: equity grows while debt is paid down.
Key figures and ratios
2025 value · change against 2024
EBITDA
€55k
2024 · €43k
Cash flow
€42k
2024 · €37k
Solvency
15.9%
2024 · 10.6%
Current ratio
0.75
2024 · 0.74
Quick ratio
0.75
2024 · 0.74
Debt / equity
5.29
2024 · 8.47
ROE
34.3%
2024 · 43.3%
ROA
5.5%
2024 · 4.6%
Interest coverage
10.19
2024 · 7.32
Debt
€324k
2024 · €340k
Debt ≤ 1 year
€54k
2024 · €48k
Debt > 1 year
€269k
2024 · €292k
Income taxes
€8k
2024 · €400
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet Code20242025
Total assets 20/58€380k€385k
Fixed assets 21/28€344k€344k
Tangible fixed assets 22/27€344k€344k
Current assets 29/58€36k€41k
Amounts receivable within one year 40/41€22k€20k
Cash & bank 54/58€13k€20k
Total equity & liabilities 10/49€380k€385k
Equity 10/15€40k€61k
Contributions / capital 10/11€19k€19k=
Reserves 13€2k€2k=
Accumulated profits (losses) 14€20k€41k
Amounts payable 17/49€340k€324k
Amounts payable after one year 17€292k€269k
Amounts payable within one year 42/48€48k€54k
Income statement Code20242025
Gross operating margin 9900€47k€60k
Operating result 9901€23k€34k
Financial income 75€183-
Financial charges 65€6k€5k
Result before taxes 9903€18k€29k
Income taxes 67/77€400€8k
Net result for the period 9904€17k€21k
Result to be appropriated 9905€17k€21k

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 15 days late
2025
31-12
Financial Highest result since 2022net €21k ▲20.6%
Operating result €34k, net result €21k, both a record.
29-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €1k
Net result €1k after one loss-making year.
06-11
State Gazette act Director changes
Véronique de Sauvage Vercour
11-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
27-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
17-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
29-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
29-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts

Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 director, last change in 2021
VERMAELE Christelle Anne Marcel
Director · since 26-11-2021
Current
26-11-2021 Appointed as Director
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1996
exact location from the address register On OpenStreetMap
Ground area
1,872 m²
Building footprint
666 m²
Volume, LiDAR
8,981 m³
2 parcels, Wallonia · tallest building 25.3 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Abbaye,Boneffe 4, 5310 Eghezée
Manufacture of basic metals
since 19962.044.096.638
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92016B0288/00F006 Wallonia 1,233 m² 1 · 227 m² -
62810C0029/00H000 Wallonia 639 m² 1 · 439 m² 25.3 m · 7 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Comparable companies · same sector, comparable size

Similar companies · same sector, comparable size

Of 13,924 companies in sector 56301 we hold annual accounts for 4,458. 3,717 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded21-04-1989
Fiscal year end31-12
Activities, NACEBEL
55401
56301Cafés and bars
52740
55301
55522
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 32 filingsAddress and cadastre registers

Data from official sources, last processed on 31-08-2026. Scores and ratios are computed by Checked and are not a credit decision.