SAM
ActiveSummary
The computed 12-month bankruptcy probability of SAM is 3.0% (moderate). The 2025 annual accounts show negative equity (€-68k) and a net result of €-111. Equity remains stable across the filed fiscal years (±0.4% per year). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability10▲+10
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-68k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 filingsDeviation from the deadline
2025
11 d late
2024
1 d late
2023
19 d late
2022
7 d late
2021
24 d late
2020
58 d late
2019
73 d late
← 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
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-111▲ 68.4%
2024 · €-351
2018: €-92highest in 8 years
2019: €-441▼ -379% vs 2018lowest in 8 years
2020: €-115▲ +74.0% vs 2019
2021: €-293▼ -155% vs 2020
2022: €-156▲ +46.8% vs 2021
2023: €-353▼ -127% vs 2022
2024: €-351▲ +0.7% vs 2023
2025: €-111▲ +68.4% vs 2024
2018 → 2025
Working capital
€-68k▼ 0.2%
2024 · €-68k
2018: €-66k
2019: €-66k▲ +0.1% vs 2018highest in 8 years
2020: €-66k▼ -0.2% vs 2019
2021: €-67k▼ -0.4% vs 2020
2022: €-67k▼ -0.2% vs 2021
2023: €-67k▼ -0.5% vs 2022
2024: €-68k▼ -0.5% vs 2023
2025: €-68k▼ -0.2% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-67k-€-67k▼ 0.2%€-67k▼ 0.5%€-68k▼ 0.5%€-68k▼ 0.2%
2021: €-67khighest in 5 years
2022: €-67k▼ -0.2% vs 2021
2023: €-67k▼ -0.5% vs 2022
2024: €-68k▼ -0.5% vs 2023
2025: €-68k▼ -0.2% vs 2024lowest in 5 years
Operating result€-247-€-111▲ 55.3%€-308▼ 179%€-306▲ 0.8%€-66▲ 78.5%
2021: €-247
2022: €-111▲ +55.3% vs 2021
2023: €-308▼ -179% vs 2022lowest in 5 years
2024: €-306▲ +0.8% vs 2023
2025: €-66▲ +78.5% vs 2024highest in 5 years
Net result€-293-€-156▲ 46.8%€-353▼ 127%€-351▲ 0.7%€-111▲ 68.4%
2021: €-293
2022: €-156▲ +46.8% vs 2021
2023: €-353▼ -127% vs 2022lowest in 5 years
2024: €-351▲ +0.7% vs 2023
2025: €-111▲ +68.4% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €66 in 2025 against €306 in 2024; the loss shrinks.
Key figures and ratios
Debt
€69k=
2024 · €69k
Debt ≤ 1 year
€69k=
2024 · €69k
Ratios withheld: a balance sheet total of €1k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 24 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1k€1k▼
Current assets29/58€1k€1k▼
Cash at bank and in hand54/58€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1k€1k▼
Equity10/15€-68k€-68k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-88k€-88k▼
Amounts payable17/49€69k€69k=
Amounts payable within one year42/48€69k€69k=
Other amounts payable47/48€69k€69k=
Income statement
Code20242025
Gross operating margin9900€-306€-66▲
Operating profit (loss)9901€-306€-66▲
Financial charges65/66B€45€45=
Recurring financial charges65€45€45=
Profit (loss) for the period before taxes9903€-351€-111▲
Profit (loss) for the period9904€-351€-111▲
Profit (loss) for the period to be appropriated9905€-351€-111▲
Appropriation of the result
Profit (loss) to be appropriated9906€-88k€-88k▼
Profit (loss) brought forward from the previous period14P€-88k€-88k▼
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €247 | - | - | - | - | - |
| Other operating charges640/8 | - | €111 | - | - | - | - |
| Gross operating margin9900 | €-247 | - | €-308 | €-306 | €-66 | ▲ 78.5% |
| Operating profit (loss)9901 | €-247 | €-111 | €-308 | €-306 | €-66 | ▲ 78.5% |
| Financial charges65/66B | €45 | €45 | €45 | €45 | €45 | = |
| Recurring financial charges65 | €45 | €45 | €45 | €45 | €45 | = |
| Profit (loss) for the period before taxes9903 | €-293 | €-156 | €-353 | €-351 | €-111 | ▲ 68.4% |
| Profit (loss) for the period9904 | €-293 | €-156 | €-353 | €-351 | €-111 | ▲ 68.4% |
| Profit (loss) for the period to be appropriated9905 | €-293 | €-156 | €-353 | €-351 | €-111 | ▲ 68.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4k | €2k | €1k | €1k | €1k | ▼ 9.9% |
| Current assets29/58 | €4k | €2k | €1k | €1k | €1k | ▼ 9.9% |
| Amounts receivable within one year40/41 | €2k | - | - | - | - | - |
| Trade receivables40 | €2k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2k | €2k | €1k | €1k | €1k | ▼ 9.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4k | €2k | €1k | €1k | €1k | ▼ 9.9% |
| Equity10/15 | €-67k | €-67k | €-67k | €-68k | €-68k | ▼ 0.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | €19k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-87k | €-87k | €-88k | €-88k | €-88k | ▼ 0.1% |
| Amounts payable17/49 | €71k | €69k | €69k | €69k | €69k | = |
| Amounts payable within one year42/48 | €71k | €69k | €69k | €69k | €69k | = |
| Taxes, remuneration and social security45 | €2k | - | - | - | - | - |
| Taxes450/3 | €2k | - | - | - | - | - |
| Other amounts payable47/48 | €69k | €69k | €69k | €69k | €69k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-293 | €-156 | €-353 | €-351 | €-111 | ▲ 68.4% |
| Operating cash flow (approximation) | €-293 | €-156 | €-353 | €-351 | €-111 | ▲ 68.4% |
| Change in cash | - | €-156 | €-353 | €-351 | €-111 | ▲ 68.4% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 73 days late
2019
31-12
Financial
Weakest financial yearnet €-441
Net result drops to €-441, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Anderlecht
Ground area
130 m²
Building footprint
132 m²
Volume, LiDAR
1,029 m³
Parcel 21304B0015/00K003, Brussels · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0015/00K003 | Brussels | 130 m² | 1 · 132 m² | 12.1 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-09-1993
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.