SAM Estates
ActiveSummary
SAM Estates has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€423,308) and a net result of -€304,148. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▲+5
Solvency23▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.16 against 0.05 in 2024; short-term debt: 24% and cash: 3.7% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€423,308
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
9 d early
2024
4 d late
2023
1 d early
2022
on the day
2021
2 d early
2020
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€423,308▼ 255%
2024 · -€119,160
Total assets
€26.6m▲ 42.1%
2024 · €18.7m
Net result
-€304,148▲ 6.4%
2024 · -€324,812
Working capital
-€5.4m▼ 7.9%
2024 · -€5.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€215,648▲ 686%€136,089▼ 36.9%€134,709▼ 1.0%-€31,214€187,171
Net result€99,770above the sector's middle half▲ 11,720%€34,457above the sector's middle half▼ 65.5%€20,580within the sector's middle half▼ 40.3%-€324,812below the sector's middle half-€304,148below the sector's middle half▲ 6.4%
Equity€150,614within the sector's middle half▲ 196%€185,072within the sector's middle half▲ 22.9%€205,652within the sector's middle half▲ 11.1%-€119,160below the sector's middle half-€423,308below the sector's middle half▼ 255%
Total assets€7.6mabove the sector's middle half▲ 103%€8.7mabove the sector's middle half▲ 14.5%€8.5mabove the sector's middle half▼ 2.0%€18.7mabove the sector's middle half▲ 119%€26.6mabove the sector's middle half▲ 42.1%
Debt€7.5m▲ 102%€8.5m▲ 14.3%€8.3m▼ 2.2%€18.9m▲ 126%€27.0m▲ 43.5%
Working capital€3.6mabove the sector's middle half▲ 110%-€769,058below the sector's middle half-€1.1mbelow the sector's middle half▼ 41.8%-€5.0mbelow the sector's middle half▼ 355%-€5.4mbelow the sector's middle half▼ 7.9%
Solvency2.0%below the sector's middle half▲ 0.6pp2.1%below the sector's middle half▲ 0.1pp2.4%below the sector's middle half▲ 0.3pp-0.6%below the sector's middle half▼ 3.0pp-1.6%below the sector's middle half▼ 1.0pp
Current ratio2.08within the sector's middle half▼ 0.170.67within the sector's middle half▼ 1.410.53within the sector's middle half▼ 0.140.05below the sector's middle half▼ 0.470.16below the sector's middle half▲ 0.11
Return on assets (ROA)1.3%within the sector's middle half▲ 1.3pp0.4%within the sector's middle half▼ 0.9pp0.2%within the sector's middle half▼ 0.2pp-1.7%below the sector's middle half▼ 2.0pp-1.1%within the sector's middle half▲ 0.6pp
Staff (FTE)11.6▲ 60.0%1.6within the sector's middle half=2.3above the sector's middle half▲ 43.8%3.9above the sector's middle half▲ 69.6%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €187,171 after a loss of €31,214 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26.6m
Fixed assets
€25.6m ▲ 38.7%
Current assets
€1.0m ▲ 260%
Key figures and ratios
EBITDA
€841,571▲
2024 · €362,287
Cash flow
€350,252▲
2024 · €68,689
Quick ratio
0.16▲
2024 · 0.01
Debt to equity
-63.88
Interest coverage
1.71▲
2024 · 1.23
Debt ≤ 1 year
€6.4m▲
2024 · €5.2m
Debt > 1 year
€20.7m▲
2024 · €13.6m
Income taxes
€245
Staff costs
€173,816▲
2024 · €109,436
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
4.6%
went bankrupt
5.5%
stopped otherwise
88%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,570 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €7,043 | €66,059 | €72,376 | €109,436 | €173,816 | ▲ 58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,522 | €134,286 | €179,999 | €393,501 | €654,400 | ▲ 66.3% |
| Other operating charges640/8 | €21,523 | €33,097 | €35,657 | €56,960 | €89,980 | ▲ 58.0% |
| Gross operating margin9900 | €259,735 | €369,531 | €422,740 | €528,683 | €1.1m | ▲ 109% |
| Operating profit (loss)9901 | €215,648 | €136,089 | €134,709 | -€31,214 | €187,171 | ▲ 700% |
| Financial income75/76B | €61 | €8 | €40 | - | €673 | - |
| Recurring financial income75 | €61 | €8 | €40 | - | €673 | - |
| Financial charges65/66B | €90,972 | €91,553 | €108,582 | €293,598 | €491,747 | ▲ 67.5% |
| Recurring financial charges65 | €90,972 | €91,553 | €108,582 | €293,598 | €491,747 | ▲ 67.5% |
| Profit (loss) for the period before taxes9903 | €124,737 | €44,543 | €26,167 | -€324,812 | -€303,903 | ▲ 6.4% |
| Income taxes67/77 | €24,966 | €10,086 | €5,587 | - | €245 | - |
| Profit (loss) for the period9904 | €99,770 | €34,457 | €20,580 | -€324,812 | -€304,148 | ▲ 6.4% |
| Profit (loss) for the period to be appropriated9905 | €99,770 | €34,457 | €20,580 | -€324,812 | -€304,148 | ▲ 6.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.6m | €8.7m | €8.5m | €18.7m | €26.6m | ▲ 42.1% |
| Fixed assets21/28 | €659,602 | €7.2m | €7.3m | €18.4m | €25.6m | ▲ 38.7% |
| Intangible fixed assets21 | €1,412 | €605 | - | - | - | - |
| Tangible fixed assets22/27 | €658,190 | €7.2m | €7.3m | €18.4m | €25.6m | ▲ 38.7% |
| Land and buildings22 | €658,190 | €7.2m | €7.3m | €18.4m | €25.6m | ▲ 38.8% |
| Plant, machinery and equipment23 | - | €1,517 | €1,729 | €4,488 | €5,230 | ▲ 16.5% |
| Furniture and vehicles24 | - | - | €5,753 | €25,157 | €17,178 | ▼ 31.7% |
| Current assets29/58 | €7.0m | €1.5m | €1.2m | €286,844 | €1.0m | ▲ 260% |
| Stocks and contracts in progress3 | €6.9m | €1.1m | €202,761 | €214,458 | €7,796 | ▼ 96.4% |
| Stocks30/36 | €6.9m | €1.1m | €202,761 | €214,458 | €7,796 | ▼ 96.4% |
| Amounts receivable within one year40/41 | €4,370 | €70,000 | €520,683 | €50,050 | €50,100 | ▲ 0.1% |
| Trade receivables40 | €4,370 | - | €456,250 | €50,000 | €49,000 | ▼ 2.0% |
| Other amounts receivable41 | - | €70,000 | €64,433 | €50 | €1,100 | ▲ 2,100% |
| Cash at bank and in hand54/58 | €19,969 | €314,278 | €495,715 | €22,335 | €975,670 | ▲ 4,268% |
| Deferred charges and accrued income490/1 | €1,032 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.6m | €8.7m | €8.5m | €18.7m | €26.6m | ▲ 42.1% |
| Equity10/15 | €150,614 | €185,072 | €205,652 | -€119,160 | -€423,308 | ▼ 255% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €100,614 | €135,072 | €155,652 | €155,652 | €155,652 | = |
| Distributable reserves133 | €100,614 | €135,072 | €155,652 | €155,652 | €155,652 | = |
| Profit (loss) carried forward14 | - | - | - | -€324,812 | -€628,959 | ▼ 93.6% |
| Amounts payable17/49 | €7.5m | €8.5m | €8.3m | €18.9m | €27.0m | ▲ 43.5% |
| Amounts payable after more than one year17 | €4.1m | €6.2m | €6.0m | €13.6m | €20.7m | ▲ 51.9% |
| Financial debts170/4 | €1.7m | €3.8m | €3.6m | €11.3m | €16.2m | ▲ 44.3% |
| Other amounts payable178/9 | €2.4m | €2.4m | €2.4m | €2.3m | €4.4m | ▲ 88.4% |
| Amounts payable within one year42/48 | €3.3m | €2.3m | €2.3m | €5.2m | €6.4m | ▲ 21.7% |
| Current portion of amounts payable after more than one year42 | €101,010 | €180,489 | €185,275 | €255,544 | €491,291 | ▲ 92.3% |
| Financial debts43 | €798,405 | - | - | - | - | - |
| Credit institutions430/8 | €798,405 | - | - | - | - | - |
| Trade debts44 | - | €1,727 | €1,686 | €28,402 | €35,641 | ▲ 25.5% |
| Suppliers440/4 | - | €1,727 | €1,686 | €28,402 | €35,641 | ▲ 25.5% |
| Taxes, remuneration and social security45 | €25,959 | €17,992 | €15,423 | €14,667 | €16,479 | ▲ 12.4% |
| Taxes450/3 | €24,963 | €8,845 | €5,587 | - | €245 | - |
| Remuneration and social security454/9 | €996 | €9,147 | €9,837 | €14,667 | €16,235 | ▲ 10.7% |
| Other amounts payable47/48 | €2.4m | €2.1m | €2.1m | €5.0m | €5.8m | ▲ 18.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99,770 | €34,457 | €20,580 | -€324,812 | -€304,148 | ▲ 6.4% |
| + Depreciation and write-downs630 | €15,522 | €134,286 | €179,999 | €393,501 | €654,400 | ▲ 66.3% |
| Operating cash flow (approximation) | €115,292 | €168,743 | €200,579 | €68,689 | €350,252 | ▲ 410% |
| Investment in fixed assets (approximation) | - | -€6.7m | -€319,077 | -€11.5m | -€7.8m | ▲ 32.3% |
| Change in cash | - | €294,309 | €181,437 | -€473,380 | €953,335 | ▲ 301% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
31-12
Financial
Weakest financial yearnet -€324,812
Net result drops to -€324,812, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200,000Eq €205,652 ▲11.1%
4 profitable years in a row build equity to €205,652.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €99,770 ▲11,720%
Operating result €215,648, net result €99,770, both a record.
31-12
Financial
Equity above €150,000Eq €150,614 ▲196%
2 profitable years in a row build equity to €150,614.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Antwerpen · 1 establishment unit since 2019
Ground area
269 m²
Building footprint
145 m²
Volume, LiDAR
1,427 m³
Parcel 11810K1699/00P012, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
SAM Estates
since 20192.295.109.377
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1699/00P012 | Flanders | 269 m² | 1 · 145 m² | 10.8 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.
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Of 3,762 companies in sector 68321 we hold annual accounts for 1,394. 996 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0735437370
Also
9925:BE0735437370
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.