SAM'S
ActiveSummary
The computed 12-month bankruptcy probability of SAM'S is 1.8% (moderate). The 2024 annual accounts show equity of €23,500 and a net result of -€2,330. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 67% of 18940 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability13▼-14
Solvency75▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.78 against 2.58 in 2023; short-term debt: 50.4% and cash: 9% of total assets), but 50.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
49.6%
Return on assets
-4.9%
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
54 d late
2021
172 d late
2020
536 d late
2019
900 d late
← 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 292 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€23,500▼ 9.0%
2023 · €25,830
Total assets
€47,379▲ 14.2%
2023 · €41,499
Net result
-€2,330
2023 · €17
Working capital
€18,603▼ 24.9%
2023 · €24,785
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20202021202220232024
Operating result€51,639€8,246▼ 84.0%€8,460▲ 2.6%€4,836▼ 42.8%-€305
Net result€43,456above the sector's middle half€7,533within the sector's middle half▼ 82.7%€3,864within the sector's middle half▼ 48.7%€17within the sector's middle half▼ 99.6%-€2,330within the sector's middle half
Equity€14,416within the sector's middle half€21,949within the sector's middle half▲ 52.3%€25,813within the sector's middle half▲ 17.6%€25,830within the sector's middle half▲ 0.1%€23,500within the sector's middle half▼ 9.0%
Total assets€42,427within the sector's middle half▲ 149%€42,696below the sector's middle half▲ 0.6%€45,074below the sector's middle half▲ 5.6%€41,499below the sector's middle half▼ 7.9%€47,379within the sector's middle half▲ 14.2%
Debt€28,012▼ 39.2%€20,747▼ 25.9%€19,260▼ 7.2%€15,669▼ 18.6%€23,879▲ 52.4%
Working capital€13,466within the sector's middle half€21,461within the sector's middle half▲ 59.4%€25,787within the sector's middle half▲ 20.2%€24,785within the sector's middle half▼ 3.9%€18,603within the sector's middle half▼ 24.9%
Solvency34.0%within the sector's middle half▲ 204.3pp51.4%within the sector's middle half▲ 17.4pp57.3%within the sector's middle half▲ 5.9pp62.2%above the sector's middle half▲ 5.0pp49.6%within the sector's middle half▼ 12.6pp
Current ratio1.48within the sector's middle half▲ 1.042.03within the sector's middle half▲ 0.552.34above the sector's middle half▲ 0.302.58above the sector's middle half▲ 0.241.78within the sector's middle half▼ 0.80
Return on assets (ROA)102.4%above the sector's middle half▲ 127.7pp17.6%within the sector's middle half▼ 84.8pp8.6%within the sector's middle half▼ 9.1pp0.0%within the sector's middle half▼ 8.5pp-4.9%within the sector's middle half▼ 5.0pp
Staff (FTE)4.74.8▲ 2.1%4.8=
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €305 after €4,836 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €47,379
Fixed assets
€4,897 ▲ 368%
Current assets
€42,482 ▲ 5.0%
Equity and liabilities €47,379
Equity
€23,500 ▼ 9.0%
Debt
€23,879 ▲ 52.4%
Debt's share of the balance-sheet total rises from 37.8% to 50.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€43▼
2023 · €5,211
Cash flow
-€1,982▼
2023 · €392
Quick ratio
1.37▼
2023 · 1.95
Debt to equity
1.02▲
2023 · 0.61
ROE
-9.9%▼
2023 · 0.1%
Interest coverage
0.01▼
2023 · 1.04
Debt ≤ 1 year
€23,879▲
2023 · €15,669
Staff costs
€70,379▲
2023 · €69,408
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.8% 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 12,321 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €15,776 | €29,480 | €54,483 | €69,408 | €70,379 | ▲ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €462 | €462 | €462 | €375 | €349 | ▼ 7.0% |
| Other operating charges640/8 | €3,935 | €275 | €326 | €482 | €1,198 | ▲ 149% |
| Gross operating margin9900 | €71,813 | €38,463 | €63,732 | €75,100 | €71,620 | ▼ 4.6% |
| Operating profit (loss)9901 | €51,639 | €8,246 | €8,460 | €4,836 | -€305 | ▼ 106% |
| Financial income75/76B | - | €12 | €338 | €202 | €1,131 | ▲ 460% |
| Recurring financial income75 | - | €12 | €338 | €202 | €1,131 | ▲ 460% |
| Financial charges65/66B | €8,183 | €724 | €4,934 | €5,021 | €3,155 | ▼ 37.2% |
| Recurring financial charges65 | €3,082 | €724 | €4,934 | €5,021 | €3,155 | ▼ 37.2% |
| Non-recurring financial charges66B | €5,102 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €43,456 | €7,533 | €3,864 | €17 | -€2,330 | ▼ 13,808% |
| Profit (loss) for the period9904 | €43,456 | €7,533 | €3,864 | €17 | -€2,330 | ▼ 13,808% |
| Profit (loss) for the period to be appropriated9905 | €43,456 | €7,533 | €3,864 | €17 | -€2,330 | ▼ 13,808% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,427 | €42,696 | €45,074 | €41,499 | €47,379 | ▲ 14.2% |
| Fixed assets21/28 | €950 | €488 | €26 | €1,046 | €4,897 | ▲ 368% |
| Tangible fixed assets22/27 | €950 | €488 | €26 | €1,046 | €697 | ▼ 33.3% |
| Land and buildings22 | €572 | €299 | €26 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €1,046 | €697 | ▼ 33.3% |
| Other tangible fixed assets26 | €378 | €189 | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | €4,200 | - |
| Current assets29/58 | €41,478 | €42,208 | €45,047 | €40,454 | €42,482 | ▲ 5.0% |
| Stocks and contracts in progress3 | €8,248 | €8,248 | €8,248 | €9,854 | €9,854 | = |
| Stocks30/36 | €8,248 | €8,248 | €8,248 | €9,854 | €9,854 | = |
| Amounts receivable within one year40/41 | €5,170 | €5,549 | €23,411 | €15,698 | €18,451 | ▲ 17.5% |
| Trade receivables40 | €38 | €417 | - | €1,476 | €64 | ▼ 95.7% |
| Other amounts receivable41 | €5,132 | €5,132 | €23,411 | €14,221 | €18,388 | ▲ 29.3% |
| Cash at bank and in hand54/58 | €6,332 | €6,684 | €1,046 | €4,977 | €4,251 | ▼ 14.6% |
| Deferred charges and accrued income490/1 | €21,728 | €21,728 | €12,343 | €9,925 | €9,925 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,427 | €42,696 | €45,074 | €41,499 | €47,379 | ▲ 14.2% |
| Equity10/15 | €14,416 | €21,949 | €25,813 | €25,830 | €23,500 | ▼ 9.0% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Capital10 | €18,550 | €18,550 | - | - | - | - |
| Issued capital100 | €18,550 | €18,550 | - | - | - | - |
| Outside capital11 | - | - | €18,550 | €18,550 | €18,550 | = |
| Other1109/19 | - | - | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €68,838 | €68,838 | €68,838 | €68,838 | €68,838 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Legal reserve130 | €1,855 | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | €66,983 | €66,983 | €66,983 | €66,983 | €66,983 | = |
| Profit (loss) carried forward14 | -€72,972 | -€65,439 | -€61,575 | -€61,558 | -€63,888 | ▼ 3.8% |
| Amounts payable17/49 | €28,012 | €20,747 | €19,260 | €15,669 | €23,879 | ▲ 52.4% |
| Amounts payable within one year42/48 | €28,012 | €20,747 | €19,260 | €15,669 | €23,879 | ▲ 52.4% |
| Current portion of amounts payable after more than one year42 | €26,370 | - | - | - | - | - |
| Trade debts44 | €1,486 | €6,796 | €9,704 | €311 | €11,426 | ▲ 3,572% |
| Suppliers440/4 | €1,486 | €6,796 | €9,704 | €311 | €11,426 | ▲ 3,572% |
| Taxes, remuneration and social security45 | €155 | €3,139 | €9,556 | €12,725 | €12,452 | ▼ 2.1% |
| Taxes450/3 | €155 | €1,619 | €5,552 | €2,439 | €1,059 | ▼ 56.6% |
| Remuneration and social security454/9 | - | €1,520 | €4,004 | €10,287 | €11,394 | ▲ 10.8% |
| Other amounts payable47/48 | - | €10,811 | - | €2,632 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,456 | €7,533 | €3,864 | €17 | -€2,330 | ▼ 13,808% |
| + Depreciation and write-downs630 | €462 | €462 | €462 | €375 | €349 | ▼ 7.0% |
| Operating cash flow (approximation) | €43,918 | €7,995 | €4,326 | €392 | -€1,982 | ▼ 606% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,394 | -€4,200 | ▼ 201% |
| Change in cash | - | €352 | -€5,637 | €3,931 | -€726 | ▼ 118% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 54 days late
14-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1322 days late
19-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 172 days late
18-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 536 days late
17-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 900 days late
2020
31-12
Financial
Back to profitnet €43,456
Net result €43,456 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.48
Current ratio from 0.44 to 1.48; short-term debt falls from €35,541 to €28,012.
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 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, Brasschaat · 1 establishment unit since 2002
Ground area
178 m²
Building footprint
124 m²
Volume, LiDAR
825 m³
Parcel 11324D0782/00T000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SAM'S
since 20022.114.567.336
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0782/00T000 | Flanders | 178 m² | 1 · 124 m² | 10.5 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrasschaat2.114.567.336
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D. ISMAJIN
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,783. 8,228 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
Founded03-09-2002
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478255629
Registered
29-07-2024
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.