SAM CONSTRUCT
ActiveSummary
SAM CONSTRUCT has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70,792 and a net result of -€16,386. Equity is shrinking by about 8.9% per year across the filed financial years. Its solvency ranks better than 23% of 9,288 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- €70,792
- Loss
- -€16,386
Why 68raises riskSector: Construction of residential and non-residential buildings (NACE 41)Equity €70,792 (15.9% of total assets)lowers riskSize: total assets €444,974Founded in 2002Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 23% on solvency, 19% on liquidity, 31% on profitability and 20% on growth.
The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 42 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €1,043
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €5,307 after €15,563 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 2,450 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93.3% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,450 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €344,816 | €261,017 | €118,860 | €205,809 | €99,113 | ▼ 51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,390 | €77,091 | €229,625 | €106,719 | €64,132 | €63,036 | €56,886 | €60,777 | ▲ 6.8% |
| Other operating charges640/8 | - | - | - | €4,753 | €2,909 | €1,882 | €7,339 | €803 | ▼ 89.1% |
| Non-recurring operating charges66A | - | - | - | - | €1,387 | - | €6,690 | - | - |
| Gross operating margin9900 | €255,140 | €415,071 | €440,753 | €502,278 | €357,576 | €98,945 | €292,287 | €155,386 | ▼ 46.8% |
| Operating profit (loss)9901 | -€38,282 | €85,441 | -€87,967 | €45,990 | €28,131 | -€84,833 | €15,563 | -€5,307 | - |
| Financial income75/76B | - | - | - | - | - | €46,443 | - | - | - |
| Recurring financial income75 | - | - | - | - | - | €46,443 | - | - | - |
| Financial charges65/66B | - | - | - | €6,320 | €7,044 | €7,744 | €10,724 | €11,079 | ▲ 3.3% |
| Recurring financial charges65 | €7,785 | €6,815 | €7,075 | €6,320 | €7,044 | €7,744 | €10,724 | €11,079 | ▲ 3.3% |
| Profit (loss) for the period before taxes9903 | -€46,067 | €78,626 | -€95,042 | €39,670 | €21,087 | -€46,134 | €4,839 | -€16,386 | - |
| Income taxes67/77 | €705 | €669 | - | €733 | €340 | €0 | €3,796 | - | - |
| Profit (loss) for the period9904 | -€46,772 | €77,957 | -€95,042 | €38,937 | €20,747 | -€46,134 | €1,043 | -€16,386 | - |
| Profit (loss) for the period to be appropriated9905 | -€46,772 | €77,957 | -€95,042 | €38,937 | €20,747 | -€46,134 | €1,043 | -€16,386 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €550,753 | €528,570 | €581,134 | €611,831 | €553,372 | €403,976 | €560,251 | €444,974 | ▼ 20.6% |
| Fixed assets21/28 | €346,693 | €342,137 | €507,279 | €409,953 | €355,351 | €225,850 | €296,992 | €237,320 | ▼ 20.1% |
| Tangible fixed assets22/27 | €340,079 | €335,190 | €506,442 | €408,351 | €353,701 | €224,200 | €295,247 | €235,520 | ▼ 20.2% |
| Land and buildings22 | - | - | - | €128,062 | €115,277 | €102,493 | €89,708 | €76,923 | ▼ 14.3% |
| Plant, machinery and equipment23 | - | - | - | €79,886 | €72,078 | €60,902 | €54,747 | €42,300 | ▼ 22.7% |
| Furniture and vehicles24 | - | - | - | €128,703 | €94,646 | €60,805 | €150,792 | €116,297 | ▼ 22.9% |
| Leasing and similar rights25 | - | - | - | €71,700 | €71,700 | - | - | - | - |
| Financial fixed assets28 | €6,614 | €6,947 | €837 | €1,602 | €1,650 | €1,650 | €1,745 | €1,800 | ▲ 3.2% |
| Current assets29/58 | €204,060 | €186,433 | €73,855 | €201,878 | €198,021 | €178,126 | €263,259 | €207,654 | ▼ 21.1% |
| Stocks and contracts in progress3 | €6,042 | €1,467 | €1,467 | €49,552 | €33,552 | €29,219 | €34,008 | €36,508 | ▲ 7.4% |
| Stocks30/36 | - | - | - | €49,552 | €33,552 | €29,219 | €34,008 | €36,508 | ▲ 7.4% |
| Amounts receivable within one year40/41 | €177,752 | €78,147 | €44,541 | €68,483 | €48,243 | €142,313 | €93,170 | €48,206 | ▼ 48.3% |
| Trade receivables40 | - | - | - | €43,644 | €46,222 | €125,197 | €45,674 | €46,279 | ▲ 1.3% |
| Other amounts receivable41 | - | - | - | €24,839 | €2,021 | €17,116 | €47,496 | €1,927 | ▼ 95.9% |
| Cash at bank and in hand54/58 | €20,266 | €106,819 | €27,847 | €83,843 | €91,226 | €6,594 | €91,619 | €12,940 | ▼ 85.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €25,000 | €0 | €44,462 | €110,000 | ▲ 147% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €550,753 | €528,570 | €581,134 | €611,831 | €553,372 | €403,976 | €560,251 | €444,974 | ▼ 20.6% |
| Equity10/15 | €89,670 | €167,627 | €72,585 | €111,522 | €132,269 | €86,135 | €87,178 | €70,792 | ▼ 18.8% |
| Contributions10/11 | €6,200 | €6,200 | €0 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Contributions outside capital11 | - | - | - | €6,200 | €6,200 | - | - | - | - |
| Other1109/19 | - | - | - | €6,200 | €6,200 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €81,610 | €159,567 | €64,525 | €103,462 | €124,209 | €78,075 | €79,118 | €62,732 | ▼ 20.7% |
| Amounts payable17/49 | €461,083 | €360,943 | €508,549 | €500,309 | €421,103 | €317,841 | €473,073 | €374,182 | ▼ 20.9% |
| Amounts payable after more than one year17 | €183,708 | €192,550 | €292,924 | €215,499 | €175,388 | €116,232 | €156,728 | €115,173 | ▼ 26.5% |
| Financial debts170/4 | - | - | - | €215,499 | €175,388 | €116,232 | €156,728 | €115,173 | ▼ 26.5% |
| Amounts payable within one year42/48 | €277,375 | €168,393 | €215,625 | €284,810 | €245,715 | €201,609 | €316,345 | €259,009 | ▼ 18.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €77,424 | €70,111 | €41,493 | €53,202 | €58,693 | ▲ 10.3% |
| Trade debts44 | €152,546 | €56,000 | €53,587 | €125,409 | €94,656 | €88,534 | €199,070 | €68,388 | ▼ 65.6% |
| Suppliers440/4 | - | - | - | €125,409 | €94,656 | €88,534 | €199,070 | €68,388 | ▼ 65.6% |
| Taxes, remuneration and social security45 | - | - | - | €10,980 | €30,413 | €9,456 | €18,299 | €9,817 | ▼ 46.4% |
| Taxes450/3 | - | - | - | - | €23,261 | €0 | €2,939 | €810 | ▼ 72.4% |
| Remuneration and social security454/9 | - | - | - | €10,980 | €7,152 | €9,456 | €15,360 | €9,007 | ▼ 41.4% |
| Other amounts payable47/48 | - | - | - | €70,997 | €50,535 | €62,126 | €45,774 | €122,111 | ▲ 167% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€46,772 | €77,957 | -€95,042 | €38,937 | €20,747 | -€46,134 | €1,043 | -€16,386 | - |
| + Depreciation and write-downs630 | €61,390 | €77,091 | €229,625 | €106,719 | €64,132 | €63,036 | €56,886 | €60,777 | ▲ 6.8% |
| Operating cash flow (approximation) | €14,618 | €155,048 | €134,583 | €145,656 | €84,879 | €16,902 | €57,929 | €44,391 | ▼ 23.4% |
| Investment in fixed assets (approximation) | - | -€72,535 | -€394,767 | -€9,393 | -€9,530 | €66,465 | -€128,028 | -€1,105 | ▲ 99.1% |
| Change in cash | - | €86,553 | -€78,972 | €55,996 | €7,383 | -€84,632 | €85,025 | -€78,679 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 08-06-2026 | 2026-00142794 |
| 31-12-2024 | micro format | 28-06-2025 | 2025-00191723 |
| 31-12-2023 | micro format | 16-06-2024 | 2024-00131910 |
| 31-12-2022 | full format | 21-06-2023 | 2023-00142049 |
| 31-12-2021 | full format | 22-06-2022 | 2022-20080913 |
| 31-12-2020 | micro format | 14-06-2021 | 2021-19300062 |
| 31-12-2019 | micro format | 25-06-2020 | 2020-20100423 |
| 31-12-2018 | micro format | 23-06-2019 | 2019-21000584 |
| 31-12-2017 | micro format | 27-06-2018 | 2018-22900025 |
| 31-12-2016 | micro format | 20-06-2017 | 2017-18400106 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BERTRAND Samüel |
|
Owners and capital
Capital and shareholders
- 11-01-2024 Converted to unavailable equity
- 11-01-2024 Converted to uncalled contributions
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
11-01
Gazette deed
Resignation: BERTRAND Samüel (manager)Appointment: BERTRAND Samüel (director) · Amendment of the articles · Legal-form conversion12 facts ▸
- General meeting, “extraordinaire, exposé fait par le président” (deed in French)
- Amendment of the articles (2 times)
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres « apports non appelés »” (deed in French)
- Reserve release, “unanimité des voix, suppression” (deed in French)
- Capital
- Other provision, “compte de capitaux propres statutairement indisponible, Article 6” (deed in French)
- Director resignation, BERTRAND Samüel (manager)
- Director appointment, BERTRAND Samüel (director (not named in the articles))
- Registered-office move, 4210 Marneffe,rue de la Porte aux Champs,9
- Power of attorney
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0479.036.973
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 61068A0483/00W000 | Wallonia | 1,773 m² | 1 · 417 m² | 7.7 m · 2 |
| 61040A0580/00S002 | Wallonia | 1,280 m² | 1 · 201 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La maçonnerie; La réalisation du gros oeuvre des bâtiments et des structures d'ouvrages de génie civil, y compris le coulage de béton armé…” (deed in French)
2 activities (deed in French)
- La maçonnerie
- La réalisation du gros oeuvre des bâtiments et des structures d'ouvrages de génie civil, y compris le coulage de béton armé et l'exécution des travaux de maçonnerie.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SAM CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, Article 2. Siège” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation, un ou plusieurs administrateurs” (deed in French)“Frais représentation voyages déplacements indépendants, Article 18” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, Article 9” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnel actions si plusieurs, titre particulier ou universel,onéreux ou gratuit,entre vifs ou cause de…” (deed in French)
- Membership ruleWho can become a member or partner, and on what terms.
- “Inscription registre des actions, six premiers mois exercice social” (deed in French)2 more provisions on this in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps par assemblée générale dans formes prévues pour modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, désigner liquidateurs et déterminer pouvoirs et émoluments” (deed in French)