SAM FOOD
ActiveSummary
The computed 12-month bankruptcy probability of SAM FOOD is 5.2% (elevated). The 2024 annual accounts show negative equity (€-114k) and a net result of €231k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 18941 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
5.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85 against 0.26 in 2023; short-term debt: 104.6% and cash: 73% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-41%
Return on assets
83.2%
Age of the figures
21 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 18941 sector peers (2024).
NBB · sector comparisonPosition among 18941 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
83 d late
2022
91 d late
2021
92 d late
2020
92 d late
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€231k
2023 · €-27k
2018: €33k
2019: €-17k
2020: €21k
2021: €-144k
2022: €-234k
2023: €-27k
2018 → 2024
Working capital
€-43k▲ 85.2%
2023 · €-288k
2018: €-13k
2019: €-39k
2020: €-5k
2021: €-152k
2022: €-362k
2023: €-288k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€59k-€-85k€-319k▼ 274%€-346k▼ 8.4%€-114k▲ 67.0%
Operating result€40k-€-135k€-208k▼ 53.8%€-22k▲ 89.3%€232k
Net result€21k-€-144k€-234k▼ 62.0%€-27k▲ 88.5%€231k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €232k after a loss of €22k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €278k
Fixed assets
€30k ▼ 18.3%
Current assets
€249k ▲ 144%
Key figures and ratios
EBITDA
€241k▲
2023 · €-4k
Cash flow
€240k▲
2023 · €-8k
Solvency
-41.0%▲
2023 · -249.8%
Current ratio
0.85▲
2023 · 0.26
Debt to equity
-3.44▼
2023 · -1.40
ROA
83.2%▲
2023 · -19.4%
Interest coverage
357.13▲
2023 · -0.89
Debt
€393k▼
2023 · €484k
Debt ≤ 1 year
€291k▼
2023 · €390k
Debt > 1 year
€101k▲
2023 · €94k
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 · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€138k€278k▲
Fixed assets21/28€36k€30k▼
Tangible fixed assets22/27€36k€29k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€11k€7k▼
Other tangible fixed assets26€23k€19k▼
Financial fixed assets28€500€500=
Current assets29/58€102k€249k▲
Amounts receivable within one year40/41€46k€45k▼
Other amounts receivable41€46k€45k▼
Cash at bank and in hand54/58€2k€203k▲
Deferred charges and accrued income490/1€54k-
Equity and liabilities
Total equity and liabilities10/49€138k€278k▲
Equity10/15€-346k€-114k▲
Contributions10/11€6k€6k=
Outside capital11€6k-
Other1109/19€6k-
Profit (loss) carried forward14€-352k€-120k▲
Amounts payable17/49€484k€393k▼
Amounts payable after more than one year17€94k€101k▲
Other amounts payable178/9€94k€101k▲
Amounts payable within one year42/48€390k€291k▼
Trade debts44€345k€291k▼
Suppliers440/4€345k€291k▼
Taxes, remuneration and social security45€45k€248▼
Taxes450/3€4k-
Remuneration and social security454/9€41k€248▼
Income statement
Code20232024
Remuneration, social security and pensions62€150k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€9k▼
Other operating charges640/8€3k-
Gross operating margin9900€150k€241k▲
Operating profit (loss)9901€-22k€232k▲
Financial charges65/66B€4k€674▼
Recurring financial charges65€4k€674▼
Profit (loss) for the period before taxes9903€-27k€231k▲
Profit (loss) for the period9904€-27k€231k▲
Profit (loss) for the period to be appropriated9905€-27k€231k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-352k€-120k▲
Profit (loss) brought forward from the previous period14P€-325k€-352k▼
Social balance
Average headcount (FTE)908721.6-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Back to profitnet €231k
Net result €231k after 3 loss-making years.
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 83 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 91 days late
2022
31-12
Financial
Weakest financial yearnet €-234k
Net result drops to €-234k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 92 days late
2020
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 60 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are 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, Brussel · 2 establishment units since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bischoffsheimlaan 391000 BrusselGround area
1.1 ha
Building footprint
9,048 m²
Volume, LiDAR
147,005 m³
2 parcels, Brussels · tallest building 26.6 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Makifornia Stalingrad
since 20172.262.623.087
SAMFOOD
since 20222.335.835.422
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0187/02A006 | Brussels | 9,765 m² | 1 · 8,769 m² | 22.2 m · 6 fl. |
| 21803C0630/00H003 | Brussels | 808 m² | 1 · 279 m² | 26.6 m · 8 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBrussel2.262.623.087
Brussel2.335.835.422
Similar companies · same sector, comparable size
The Waffle
BE 0546.621.130
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Alsaraj
BE 0801.761.319
Brussel · Eq €58,768
ETABLISSEMENTS CLOSE
BE 0452.482.531
Jette · Eq €58,766
DELIVERY OVERIJSE
BE 0733.561.312
Overijse · Eq €58,766
FRITUUR RUBENS
BE 0881.262.123
Turnhout · Eq €58,714
Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,312 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-07-2014
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.