Active BE 0479.036.973Private limited company

SAM CONSTRUCT

Rue de la Porte aux Champs(MAR) 9 ·4210 Burdinne, Belgium· 23 yrs active

Sector: General construction of residential buildings (41001)

Conclusion Checked

SAM CONSTRUCT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71k and a net result of €-16k. Equity is shrinking by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 22% of 7039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€71k
Net result	€-16k
Better than sector	22%
Active	23 yrs

Financial profile 5 of 5 axes measured · computed by Checked

35 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 25

Profitability 0

Solvency 17

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.8% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2002, 23 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

25 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€2k

estimate, not credit advice

Score history

43 2021

48 2022

7 2023

49 2024

25 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.80 (< 1.0) -10

Leverage Debt/equity 5.29 (> 3.0) -10

Profitability Negatieve ROE -23% -10

Interest coverage Interest coverage 5.0× (≥ 3×) +8

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview23 NBB filings

Annual accounts filed on 08-06-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~11.4%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	15.9%	43.8%	better than 22% of 7039 sector peers
Net result	€-16k	€8k	better than 10% of 7033 sector peers
Equity	€71k	€49k	better than 60% of 7044 sector peers
Gross operating margin	€155k	€32k	better than 89% of 7029 sector peers
Staff costs	€99k	€34k	higher than 79% of 2335 sector peers

EBITDA

€55k

-23.4% 21-25

Net profit

€-16k

- 21-25

Cash flow

€44k

-23.4% 21-25

Total assets

€445k

-20.6% 21-25

Equity

€71k

-18.8% 21-25

Working capital

€-51k

+3.3% 21-25

Employees (FTE)

8

0.0% 21-25

Staff costs

€99k

-51.8% 21-25

Income taxes

€4k

- 21-25

Debt

€374k

-20.9% 21-25

Debt ≤ 1y

€259k

-18.1% 21-25

Debt > 1y

€115k

-26.5% 21-25

Current ratio

0.80

-3.7% 21-25

Quick ratio

0.66

-8.8% 21-25

Solvency

15.9%

+2.2% 21-25

Debt / equity

5.29

-2.6% 21-25

ROE

-23.1%

- 21-25

ROA

-3.7%

- 21-25

Interest coverage

5.01

-25.9% 21-25

Figures by fiscal year and ratios

Change versus the prior fiscal year, coloured by direction (green = favourable).

Fiscal year	2025 Δ	2024 Δ	2023 Δ	2022 Δ	2021 Δ
Deposit	micro schema	micro schema	micro schema	full schema	full schema
Revenue	-	-	-	-	-
EBITDA	-23.4%	-	-	-39.6%	-
Net profit	-	-	-	-46.7%	-
Cash flow	-23.4%	+242.7%	-80.1%	-41.7%	-
Staff costs	-51.8%	+73.2%	-54.5%	-24.3%	-
Income taxes	-	-	-100.0%	-53.6%	-
Dividends	-	-	-	-	-
Total assets	-20.6%	+38.7%	-27.0%	-9.6%	-
Equity	-18.8%	+1.2%	-34.9%	+18.6%	-
Debt	-20.9%	+48.8%	-24.5%	-15.8%	-
of which ≤ 1y	-18.1%	+56.9%	-18.0%	-13.7%	-
of which > 1y	-26.5%	+34.8%	-33.7%	-18.6%	-
Working capital	+3.3%	-126.1%	+50.8%	+42.5%	-
Employees (FTE)	-	-	-	0.0%	-

Note: these years are not on the same basis. The filed schemas differ (micro schema, full schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	0.80	0.83	0.88	0.81	0.71
Quick ratio	0.66	0.72	0.74	0.67	0.53
Working capital ratio	-11.5%	-9.5%	-5.8%	-8.6%	-13.6%
Solvency	15.9%	15.6%	21.3%	23.9%	18.2%
Debt / equity	5.29	5.43	3.69	3.18	4.49
Long-term debt ratio	1.63	1.80	1.35	1.33	1.93
Interest coverage	5.01	6.76	-2.81	13.10	24.16
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	-3.7%	0.2%	-11.4%	3.7%	6.4%
ROE	-23.1%	1.2%	-53.6%	15.7%	34.9%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €237k · 53.3% Current assets €208k · 46.7%

Equity & liabilities

Equity €71k · 15.9% Debt €374k · 84.1%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€445k	€560k	€404k	€553k	€612k
Fixed assets	21/28	€237k	€297k	€226k	€355k	€410k
Tangible fixed assets	22/27	€236k	€295k	€224k	€354k	€408k
Financial fixed assets	28	€2k	€2k	€2k	€2k	€2k
Current assets	29/58	€208k	€263k	€178k	€198k	€202k
Stocks & contracts in progress	3	€37k	€34k	€29k	€34k	€50k
Amounts receivable within one year	40/41	€48k	€93k	€142k	€48k	€68k
Cash & bank	54/58	€13k	€92k	€7k	€91k	€84k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€445k	€560k	€404k	€553k	€612k
Equity	10/15	€71k	€87k	€86k	€132k	€112k
Contributions / capital	10/11	€6k	€6k	€6k	€6k	€6k
Reserves	13	€2k	€2k	€2k	€2k	€2k
Accumulated profits (losses)	14	€63k	€79k	€78k	€124k	€103k
Amounts payable	17/49	€374k	€473k	€318k	€421k	€500k
Amounts payable after one year	17	€115k	€157k	€116k	€175k	€215k
Amounts payable within one year	42/48	€259k	€316k	€202k	€246k	€285k
Trade debts payable within one year	44	€68k	€199k	€89k	€95k	€125k
Income statement
Gross operating margin	9900	€155k	€292k	€99k	€358k	€502k
Operating result	9901	€-5k	€16k	€-85k	€28k	€46k
Financial income	75	-	-	€46k	-	-
Financial charges	65	€11k	€11k	€8k	€7k	€6k
Result before taxes	9903	€-16k	€5k	€-46k	€21k	€40k
Income taxes	67/77	-	€4k	€0	€340	€733
Net result for the period	9904	€-16k	€1k	€-46k	€21k	€39k
Result to be appropriated	9905	€-16k	€1k	€-46k	€21k	€39k

Legal Structure

NACE primary	General construction of residential buildings(41001)
Legal form	Private limited company(610)
Incorporation	05-12-2002
Status	Active
Postal code	4210

Establishment units 1 location

SAM CONSTRUCT

Rue de la Science 13, 4530 Villers-le-BouilletNACE 4520001

since 20032.126.850.803

Real-estate footprint Source: CBE × cadastre

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
61068A0483/00W000	Wallonia	1,773 m²	1 · 417 m²	7.7 m · 2 fl.
61040A0580/00S002	Wallonia	1,280 m²	1 · 201 m²	-

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.

Updates 11 events

All 13Financial 2Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

08-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

28-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €1k

Net result €1k after one loss-making year.

16-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

11-01

State Gazette act Director changes

Yves SOMVILLE

2023

31-12

Financial Weakest financial yearnet €-46k ▼322%

Net result drops to €-46k, the lowest in the series; recovery starts the following year.

21-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

22-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

14-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

25-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

23-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

27-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

20-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

11-01-2024 Change in the board of directors Director changes·Yves SOMVILLE

Notary: Yves SOMVILLE · Court-Saint-Etienne

Original publication ↗

Technical details

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  "subject_company": {
    "kbo": "0479.036.973",
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  "publication_proxy": {
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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

General construction of residential buildings4100145211

Names & trade names

Legal nameFR

SAM CONSTRUCT

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