SAM
Annual accounts 2025
micro format, filed on 27-04-2026, 3 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €110,000 and €180,000.
Balance sheet
balance sheet total €257,642 on 30-09-2025in euro
in euro
Position in the sector
61.5%
Higher than 56% of 39,368 companies in 2025.
7.75
Higher than 86% of 38,051 companies in 2025.
11.7%
Higher than 45% of 38,523 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
257,642 | 276,385 | 333,049 | 175,141 | 132,808 | 170,567 | 204,603 | 247,027 | 289,360 | 249,399 | 275,011 | 264,003 | 263,357 | 300,715 | 345,615 | 296,231 | 335,326 | 360,304 | 363,322 | |
21/28 |
47,684 | 60,668 | 67,311 | 2,184 | 19,143 | 45,636 | 72,745 | 99,853 | 114,339 | - | 162,774 | 188,069 | 215,067 | 247,492 | 276,492 | 251,650 | 276,951 | 278,721 | 241,628 | |
22/27 |
47,684 | 60,668 | 67,311 | 2,184 | 19,143 | 45,636 | 72,745 | 99,853 | 114,339 | 138,556 | 162,774 | 188,069 | 215,067 | 247,492 | 276,492 | 251,650 | 276,951 | 278,721 | 241,628 | |
22 |
- | - | - | 2,184 | 19,143 | 45,037 | 70,930 | 96,824 | 114,339 | 138,556 | 162,774 | 186,992 | 188,723 | 210,441 | 231,015 | 251,310 | 273,288 | 262,156 | 210,832 | |
24 |
47,684 | 60,668 | 67,311 | - | - | 599 | 1,814 | 3,030 | - | - | - | 1,077 | 26,344 | 37,051 | 45,477 | 340 | 3,663 | 16,565 | 30,796 | |
29/58 |
209,958 | 215,717 | 265,737 | 172,957 | 113,664 | 124,931 | 131,859 | 147,174 | 175,022 | 110,843 | 112,237 | 75,934 | 48,290 | 53,223 | 69,123 | 44,581 | 58,375 | 81,583 | 121,694 | |
29 |
150,000 | 150,000 | 150,000 | 150,000 | 55,000 | 66,000 | 77,000 | 88,000 | 99,000 | - | - | - | - | - | - | - | - | - | - | |
291 |
150,000 | 150,000 | 150,000 | 150,000 | 55,000 | 66,000 | 77,000 | 88,000 | 99,000 | - | - | - | - | - | - | - | - | - | - | |
40/41 |
37,215 | 38,645 | 100,067 | 10,285 | 57,710 | 55,915 | 53,818 | 45,613 | 43,452 | 94,707 | 91,257 | 55,721 | 12,793 | 48,349 | 61,966 | 40,356 | 46,381 | 17,306 | 30,967 | |
40 |
37,215 | 38,645 | 100,067 | 10,285 | 7,260 | - | 3,630 | 18,561 | 43,452 | 8,954 | 22,913 | 17,025 | 4,365 | 8,470 | 21,770 | 13,824 | 10,004 | 9,802 | 23,859 | |
41 |
- | - | - | - | 50,450 | 55,915 | 50,188 | 27,052 | - | 85,753 | 68,344 | 38,696 | 8,428 | 39,879 | 40,196 | 26,532 | 36,377 | 7,504 | 7,108 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 289 | 46,050 | - | |
54/58 |
21,600 | 27,072 | 15,670 | 12,672 | 954 | 3,016 | 623 | 12,796 | 32,570 | 15,546 | 20,390 | 19,623 | 35,497 | 4,873 | 7,089 | 3,881 | 11,705 | 18,227 | 90,727 | |
490/1 |
1,144 | - | - | - | - | - | 419 | 765 | - | 590 | 590 | 590 | - | 1 | 68 | 344 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
257,642 | 276,385 | 333,049 | 175,141 | 132,808 | 170,567 | 204,603 | 247,027 | 289,360 | 249,399 | 275,011 | 264,003 | 263,357 | 300,715 | 345,615 | 296,231 | 335,326 | 360,304 | 363,322 | |
10/15 |
158,403 | 214,273 | 177,394 | 127,881 | 98,955 | 119,252 | 147,681 | 161,528 | 158,569 | 123,052 | 117,453 | 93,262 | 79,235 | 75,484 | 71,974 | 50,261 | 51,525 | 33,140 | 18,604 | |
10/11 |
18,600 | 18,600 | 18,600 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
10 |
- | - | - | - | - | - | - | - | - | 12,400 | - | - | - | - | - | - | - | - | - | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
139,803 | 195,673 | 160,144 | 116,831 | 87,904 | 106,852 | 135,281 | 149,128 | 146,169 | 110,652 | 105,053 | 80,862 | 66,835 | 43,452 | 43,452 | 43,452 | 43,452 | 20,740 | 6,204 | |
130/1 |
- | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
139,803 | 193,813 | 158,284 | 114,971 | 86,044 | 104,992 | 133,421 | 147,268 | 144,309 | 108,792 | 103,193 | 79,002 | 64,975 | 41,592 | 41,592 | 41,592 | 41,592 | 18,880 | 4,344 | |
14 |
- | - | -1,349 | -1,349 | -1,349 | - | - | - | - | - | - | - | - | 19,632 | 16,122 | -5,591 | -4,327 | - | - | |
17/49 |
99,239 | 62,112 | 155,654 | 47,260 | 33,853 | 51,315 | 56,922 | 85,499 | 130,791 | 126,347 | 157,558 | 170,741 | 184,122 | 225,231 | 273,641 | 245,970 | 283,801 | 327,164 | 344,718 | |
17 |
21,700 | 34,100 | 46,500 | 3,750 | 18,750 | 33,750 | 41,250 | 56,250 | 71,250 | 91,844 | 112,298 | 132,615 | 147,060 | 177,807 | 218,589 | 207,750 | 240,393 | 270,346 | 241,569 | |
170/4 |
21,700 | 34,100 | 46,500 | 3,750 | 18,750 | 33,750 | 41,250 | 56,250 | 71,250 | 91,844 | 112,298 | 132,615 | 147,060 | 177,807 | 218,589 | 207,750 | 240,393 | 270,346 | 241,569 | |
42/48 |
27,091 | 28,012 | 109,154 | 43,510 | 15,103 | 17,565 | 15,672 | 29,249 | 59,541 | 34,503 | 45,260 | 37,675 | 37,062 | 47,424 | 55,052 | 38,220 | 43,408 | 56,818 | 100,927 | |
42 |
12,400 | 12,400 | 16,150 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 20,594 | 20,454 | 20,318 | 24,179 | 30,747 | 40,782 | 40,333 | 32,643 | 37,503 | 33,673 | 22,857 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,127 | 7,620 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,127 | 7,620 | |
44 |
5,174 | 4,427 | 71,272 | 694 | 103 | 2,565 | 504 | 3,271 | 2,336 | 6,341 | 2,840 | 4,261 | 1,431 | 933 | 522 | 1,267 | 1,654 | 4,914 | 1,455 | |
440/4 |
5,174 | 4,427 | 71,272 | 694 | 103 | 2,565 | 504 | 3,271 | 2,336 | 6,341 | 2,840 | 4,261 | 1,431 | 933 | 522 | 1,267 | 1,654 | 4,914 | 1,455 | |
45 |
9,518 | 11,184 | 21,410 | 6,630 | - | - | 168 | 10,978 | 33,690 | 7,708 | 22,102 | 9,235 | 4,884 | 5,709 | 14,197 | 4,310 | 4,251 | 1,077 | 13,082 | |
450/3 |
9,518 | 11,184 | 21,410 | - | - | - | 168 | 10,978 | 33,690 | 7,708 | 22,102 | 9,235 | 4,884 | 5,709 | 14,197 | 4,310 | 4,251 | 1,077 | 13,082 | |
454/9 |
- | - | - | 6,630 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
- | - | 323 | 21,186 | - | - | - | - | 2,921 | - | - | - | - | - | - | - | - | 12,027 | 55,913 | |
492/3 |
50,448 | - | - | - | - | - | - | - | - | - | - | 451 | - | - | - | - | - | - | 2,222 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | 2,347 | - | - | 25,000 | - | 22,712 | - | - | |
9900 |
69,421 | 64,040 | 65,569 | 50,077 | 2,637 | -4,634 | 11,554 | 38,802 | 96,070 | 38,192 | 76,867 | 61,164 | 52,983 | 54,787 | 57,659 | 45,883 | 50,766 | 79,477 | 74,567 | |
630 |
19,580 | 6,644 | 6,644 | 19,244 | 26,492 | 27,109 | 27,109 | 27,109 | 24,218 | 24,218 | 25,295 | 26,831 | 35,659 | 35,022 | 33,716 | 25,810 | 36,469 | 38,935 | 30,282 | |
640/8 |
1,087 | 964 | 1,963 | 2,284 | 2,280 | 2,019 | 2,371 | 2,419 | 4,196 | 1,743 | 2,677 | 3,622 | 2,343 | 2,256 | 4,790 | 2,154 | 2,152 | 2,020 | 2,377 | |
66A |
- | - | - | - | - | - | - | 683 | - | - | 6,071 | - | - | - | - | - | - | - | - | |
9901 |
48,754 | 56,432 | 56,962 | 28,549 | -26,135 | -33,761 | -17,926 | 8,591 | 67,657 | 12,231 | 48,895 | 30,711 | 14,981 | 17,509 | 19,153 | 17,919 | 12,145 | 38,522 | 41,908 | |
75/76B |
3,930 | 3,930 | 3,930 | 3,930 | 6,857 | 6,562 | 5,805 | 3,970 | 3,170 | - | 4,683 | 2,062 | 2,083 | 3,245 | 2,886 | 2,726 | 2,399 | 3,195 | 897 | |
75 |
3,930 | 3,930 | 3,930 | 3,930 | 6,857 | 6,562 | 5,805 | 3,970 | 3,170 | 5,989 | 4,683 | 2,062 | 2,083 | 3,245 | 2,886 | 2,726 | 2,399 | 3,195 | 897 | |
65/66B |
2,158 | 2,333 | 1,302 | 660 | 1,019 | 1,230 | 1,583 | 2,507 | 3,721 | - | 4,905 | 11,853 | 8,429 | 11,529 | 12,243 | 12,868 | 14,556 | 14,204 | 13,974 | |
65 |
2,158 | 2,333 | 1,302 | 660 | 1,019 | 1,230 | 1,583 | 2,507 | 3,721 | 4,538 | 4,905 | 11,853 | 8,429 | 11,529 | 12,243 | 12,868 | 14,556 | 14,204 | 13,974 | |
9903 |
50,526 | 58,028 | 59,590 | 31,819 | -20,297 | -28,429 | -13,704 | 10,055 | 67,106 | 13,682 | 42,602 | 23,267 | 8,635 | 9,225 | 34,796 | 7,777 | 22,700 | 27,513 | 28,831 | |
67/77 |
20,353 | 21,150 | 16,277 | 2,893 | - | - | 143 | 7,095 | 31,589 | 8,083 | 18,411 | 9,240 | 4,884 | 5,715 | 13,083 | 9,041 | 4,315 | 12,977 | 13,027 | |
9904 |
30,174 | 36,879 | 43,313 | 28,926 | -20,297 | -28,429 | -13,847 | 2,960 | 35,517 | 5,599 | 24,191 | 14,027 | 3,751 | 3,510 | 21,713 | -1,264 | 18,385 | 14,536 | 15,804 | |
9905 |
30,174 | 36,879 | 43,313 | 28,926 | -20,297 | -28,429 | -13,847 | 2,960 | 35,517 | 5,599 | 24,191 | 14,027 | 3,751 | 3,510 | 21,713 | -1,264 | 18,385 | 14,536 | 15,804 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
30,174 | 35,530 | 41,964 | 27,577 | -20,297 | -28,429 | -13,847 | 2,960 | 35,517 | 5,599 | 24,191 | 14,027 | 23,383 | 19,632 | 16,122 | -5,591 | 18,385 | 14,536 | 15,804 | |
14P |
- | -1,349 | -1,349 | -1,349 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
86,044 | - | - | - | 18,948 | 28,429 | 13,847 | - | - | - | - | - | - | - | - | - | - | - | 49,196 | |
691/2 |
30,174 | 35,530 | 43,313 | 28,926 | - | - | - | 2,960 | 35,517 | 5,599 | 24,191 | 14,027 | 23,383 | - | - | - | 22,712 | 14,536 | - | |
6921 |
30,174 | 35,530 | 43,313 | 28,926 | - | - | - | 2,960 | 35,517 | 5,599 | 24,191 | 14,027 | 23,383 | - | - | - | 22,712 | 14,536 | - | |
694/7 |
86,044 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 65,000 | |
694 |
86,044 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 65,000 | |
| Document | ||||||||||||||||||||
The accounts for 4 older financial years (2003-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 27-04-2026 | 2026-00088510 | |
| 30-09-2024 | micro format | 04-04-2025 | 2025-00064702 | |
| 30-09-2023 | micro format | 26-04-2024 | 2024-00079090 | |
| 30-09-2022 | micro format | 25-04-2023 | 2023-00067435 | |
| 30-09-2021 | micro format | 19-04-2022 | 2022-20005857 | |
| 30-09-2020 | micro format | 13-04-2021 | 2021-10300125 | |
| 30-09-2019 | micro format | 29-04-2020 | 2020-10300591 | |
| 30-09-2018 | micro format | 26-03-2019 | 2019-07900157 | |
| 30-09-2017 | micro format | 04-04-2018 | 2018-08900021 | |
| 30-09-2016 | abbreviated format | 04-04-2017 | 2017-08600558 | |
| 30-09-2015 | abbreviated format | 23-03-2016 | 2016-07000575 | |
| 30-09-2014 | abbreviated format | 25-03-2015 | 2015-07100363 | |
| 30-09-2013 | abbreviated format | 31-03-2014 | 2014-07900159 | |
| 30-09-2012 | abbreviated format | 30-04-2013 | 2013-10500105 | |
| 30-09-2011 | abbreviated format | 21-05-2012 | 2012-11900491 | |
| 30-09-2010 | abbreviated format | 29-03-2011 | 2011-06800542 | |
| 30-09-2009 | abbreviated format | 27-04-2010 | 2010-10000098 | |
| 30-09-2008 | abbreviated format | 30-03-2009 | 2009-09600110 | |
| 30-09-2007 | abbreviated format | 23-04-2008 | 2008-11500038 | |
| 30-09-2006 | abbreviated format | 28-03-2007 | 2007-09803937 | |
| 30-09-2005 | abbreviated format | 18-04-2006 | 2006-11204146 | |
| 30-09-2004 | abbreviated format | 22-03-2005 | 2005-08404438 | |
| 30-09-2003 | abbreviated format | 31-03-2004 | 2004-09504619 |
Subsidies and aid
Flemish government 2025, 1 entry, €658 awarded, €598 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 68,334 | 63,075 | 63,606 | 47,793 | 357 | -6,653 | 9,183 | 35,700 | 91,875 | 36,449 | 74,190 | 57,542 | 50,640 | 52,531 | 52,869 | 43,729 | 48,614 | 77,457 | 72,190 | ||
| 49,754 | 43,523 | 49,957 | 48,170 | 6,195 | -1,321 | 13,262 | 30,068 | 59,734 | 29,817 | 49,486 | 40,858 | 39,410 | 38,532 | 55,429 | 24,546 | 54,854 | 53,471 | 46,086 | ||
| 6,596 | 0 | 71,771 | 2,284 | 0 | 850 | 0 | 12,624 | 0 | 0 | 0 | 22,486 | 3,232 | 6,022 | 58,559 | 509 | 34,699 | 76,028 | - | ||
| -5,473 | 11,402 | 2,999 | 11,717 | -2,062 | 2,394 | -12,173 | -19,774 | 17,024 | -4,844 | 767 | -15,874 | 30,624 | -2,216 | 3,208 | -7,824 | -6,522 | -72,500 | - | ||
| 182,867 | 187,706 | 156,583 | 129,447 | 98,561 | 107,366 | 116,187 | 117,925 | 115,480 | 76,340 | 66,977 | 38,259 | 11,228 | 5,799 | 14,071 | 6,361 | 14,967 | 24,765 | 20,767 | ||
| 61.5% | 77.5% | 53.3% | 73.0% | 74.5% | 69.9% | 72.2% | 65.4% | 54.8% | 49.3% | 42.7% | 35.3% | 30.1% | 25.1% | 20.8% | 17.0% | 15.4% | 9.2% | 5.1% | ||
| 7.75 | 7.70 | 2.43 | 3.98 | 7.53 | 7.11 | 8.41 | 5.03 | 2.94 | 3.21 | 2.48 | 2.02 | 1.30 | 1.12 | 1.26 | 1.17 | 1.34 | 1.44 | 1.21 | ||
| 0.63 | 0.29 | 0.88 | 0.37 | 0.34 | 0.43 | 0.39 | 0.53 | 0.82 | 1.03 | 1.34 | 1.83 | 2.32 | 2.98 | 3.80 | 4.89 | 5.51 | 9.87 | 18.53 | ||
| 19.0% | 17.2% | 24.4% | 22.6% | -20.5% | -23.8% | -9.4% | 1.8% | 22.4% | 4.6% | 20.6% | 15.0% | 4.7% | 4.6% | 30.2% | -2.5% | 35.7% | 43.9% | 84.9% | ||
| 11.7% | 13.3% | 13.0% | 16.5% | -15.3% | -16.7% | -6.8% | 1.2% | 12.3% | 2.2% | 8.8% | 5.3% | 1.4% | 1.2% | 6.3% | -0.4% | 5.5% | 4.0% | 4.3% | ||
| 31.67 | 27.03 | 48.87 | 72.36 | 0.35 | - | - | - | - | 8.03 | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,596 | €0 | €71,771 | €2,284 | - |
| €19,580 | €6,644 | €6,644 | €19,244 | €26,492 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SAM
The operating result for 2025 is 14% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 22.5% to 38.5%. Equity is lower and debt is higher.