SAMARCANDE
ActiveSummary
SAMARCANDE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106k and a net result of €21k. Equity is shrinking by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 39% of 7029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-2
Solvency65▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.54 in 2024; short-term debt: 53.4% of total assets), and 59.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.4%
Return on assets
7.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
8 d late
2023
61 d late
2022
70 d late
2021
68 d late
2020
31 d late
2019
13 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€106k▼ 23.2%
2024 · €138k
2018: €183k
2019: €200k
2020: €236k
2021: €193k
2022: €204k
2023: €108k
2024: €138k
2018 → 2025
Total assets
€262k▼ 12.4%
2024 · €300k
2018: €459k
2019: €460k
2020: €479k
2021: €442k
2022: €395k
2023: €310k
2024: €300k
2018 → 2025
Net result
€21k▼ 30.3%
2024 · €30k
2018: €36k
2019: €17k
2020: €36k
2021: €-3k
2022: €11k
2023: €-13k
2024: €30k
2018 → 2025
Working capital
€-99k▼ 75.7%
2024 · €-57k
2018: €82k
2019: €122k
2020: €144k
2021: €91k
2022: €55k
2023: €-64k
2024: €-57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€193k-€204k▲ 5.6%€108k▼ 46.8%€138k▲ 27.4%€106k▼ 23.2%
Operating result€-7k-€17k€-14k€46k€37k▼ 19.9%
Net result€-3k-€11k€-13k€30k€21k▼ 30.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €262k
Fixed assets
€222k ▼ 4.9%
Current assets
€41k ▼ 38.5%
Equity and liabilities €262k
Equity
€106k ▼ 23.2%
Debt
€156k ▼ 3.1%
Debt's share of the balance-sheet total rises from 53.9% to 59.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€55k▼
2024 · €64k
Cash flow
€39k▼
2024 · €48k
Current ratio
0.29▼
2024 · 0.54
Quick ratio
0.16▼
2024 · 0.39
Debt to equity
1.47▲
2024 · 1.17
ROE
19.5%▼
2024 · 21.5%
ROA
7.9%▼
2024 · 9.9%
Interest coverage
9.68▲
2024 · 6.79
Debt ≤ 1 year
€140k▲
2024 · €123k
Debt > 1 year
€6k▼
2024 · €30k
Income taxes
€11k▲
2024 · €9k
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 · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€300k€262k▼
Fixed assets21/28€233k€222k▼
Tangible fixed assets22/27€233k€222k▼
Land and buildings22€224k€212k▼
Plant, machinery and equipment23€539-
Furniture and vehicles24€2k€3k▲
Other tangible fixed assets26€7k€7k=
Current assets29/58€66k€41k▼
Stocks and contracts in progress3€19k€19k=
Stocks30/36€19k€19k=
Amounts receivable within one year40/41€45k€21k▼
Trade receivables40€33k€10k▼
Other amounts receivable41€11k€11k▼
Cash at bank and in hand54/58€974-
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€300k€262k▼
Equity10/15€138k€106k▼
Contributions10/11€6k€6k=
Reserves13€101k€69k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€99k€69k▼
Profit (loss) carried forward14€31k€31k▲
Amounts payable17/49€161k€156k▼
Amounts payable after more than one year17€30k€6k▼
Financial debts170/4€30k€6k▼
Amounts payable within one year42/48€123k€140k▲
Current portion of amounts payable after more than one year42€39k€24k▼
Financial debts43€15k€12k▼
Credit institutions430/8€15k€12k▼
Trade debts44€19k€19k▼
Suppliers440/4€19k€19k▼
Taxes, remuneration and social security45€6k€15k▲
Taxes450/3€6k€15k▲
Other amounts payable47/48€44k€71k▲
Accrued charges and deferred income492/3€8k€10k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€67k€58k▼
Operating profit (loss)9901€46k€37k▼
Financial income75/76B€2k€515▼
Recurring financial income75€2k€515▼
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Profit (loss) for the period before taxes9903€38k€32k▼
Income taxes67/77€9k€11k▲
Profit (loss) for the period9904€30k€21k▼
Profit (loss) for the period to be appropriated9905€30k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€52k▲
Profit (loss) brought forward from the previous period14P€1k€31k▲
Transfer from equity791/2-€53k
Transfer to equity691/2-€21k
To other reserves6921-€21k
Profit to be distributed694/7-€53k
Return on contributions (dividend)694-€53k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
31-07
State Gazette act
General meeting · Share issue
Bank account · Capital
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-12
Financial
Equity above €200kEq €204k ▲5.6%
Equity rises from €193k to €204k.
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 68 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
Show earlier events
2019
31-12
Financial
Equity above €200kEq €200k ▲9.1%
2 profitable years in a row build equity to €200k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Schaarbeek · 2 establishment units since 2004
Ground area
739 m²
Building footprint
126 m²
Volume, LiDAR
523 m³
Parcel 21910A0398/00D002, Brussels · tallest building 12.3 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Vleugelsstraat 22, 1030 Schaarbeek
since 20042.209.928.234
Samarcande
since 20162.260.324.187
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910A0398/00D002 | Brussels | 739 m² | 1 · 126 m² | 12.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 2,712 companies in sector 73200 we hold annual accounts for 1,782. 1,310 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
Founded07-10-2004
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.