SAMAX
InactiveFinancials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 30-09-2026 at the NBB all 16 filings
Turnover
€985,085
EBIT margin
23.0%
Net result
€17,627▼ 87.8%
2025 · €144,189
Working capital
€108,462▼ 16.0%
2025 · €129,081
Multi-year overview
2018 to 2026, 9 financial yearsTurnover
no figure
2026
20182026
Operating result
€35,420
▼ 81.2%
2026
20182026
Net result
€17,627
▼ 87.8%
2026
20182026
EBIT margin
no figure
2026
20182026
Equity
€324,210
▲ 5.7%
2026
20182026
Total assets
€1.4m
▲ 48.2%
2026
20182026
Debt
€1.1m
▲ 68.7%
2026
20182026
Working capital
€108,462
▼ 16.0%
2026
20182026
Staff (FTE)
9.3
▲ 86.0%
2026
20182026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023202420252026
Turnover€1.0m
Operating result-€0.05m-€0.1m€0.3m▲ 85.8%€0.2m▼ 13.2%€0.06m▼ 74.3%-€0.06m€0.03m€0.2m▲ 535%€0.04m▼ 81.2%
Net result-€0.04m-€0.1m€0.2m▲ 67.1%€0.2m▼ 12.3%€0.04m▼ 75.4%-€0.06m€0.01m€0.1m▲ 11×€0.02m▼ 87.8%
EBIT margin23.0%
Equity€0.2m-€0.3m▲ 67.4%€0.2m▼ 33.2%€0.3m▲ 35.2%€0.3m▲ 16.1%€0.2m▼ 20.3%€0.3m▲ 5.2%€0.3m▲ 16.8%€0.3m▲ 5.7%
Total assets€0.3m-€0.4m▲ 50.7%€0.6m▲ 54.1%€0.5m▼ 19.5%€0.4m▼ 14.8%€0.7m▲ 69.7%€0.9m▲ 37.3%€0.9m▲ 1.3%€1.4m▲ 48.2%
Debt€0.07m-€0.08m▲ 9.2%€0.4m▲ 386%€0.2m▼ 48.0%€0.09m▼ 56.9%€0.4m▲ 399%€0.7m▲ 56.1%€0.6m▼ 4.8%€1.1m▲ 68.7%
Working capital€0.2m-€0.3m▲ 59.9%€0.2m▼ 32.4%€0.2m▲ 28.7%€0.3m▲ 14.9%€0.2m▼ 29.3%-€0.006m€0.1m€0.1m▼ 16.0%
Staff (FTE)1.8-1.8=1.7▼ 5.6%1.6▼ 5.9%1▼ 37.5%1.9▲ 90.0%3.3▲ 73.7%5▲ 51.5%9.3▲ 86.0%
The operating result for 2026 is 81% lower than in 2025.
Large changes and their cause
- 2026 Net result -88% on 2025. The accounts now follow the abbreviated format, last year the full format.
- 2022 Net result -75% on 2021. This financial year ran 3 months, the previous one 12.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.4m
Fixed assets
€215,748 ▲ 2.8%
Current assets
€1.2m ▲ 61.2%
Equity and liabilities €1.4m
Equity
€324,210 ▲ 5.7%
Debt
€1.1m ▲ 68.7%
Debt's share of the balance-sheet total rises from 67.4% to 76.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€120,121▼
2025 · €271,370
Cash flow
€102,328▼
2025 · €227,068
Current ratio
1.10▼
2025 · 1.21
Quick ratio
0.63▼
2025 · 0.77
Debt to equity
3.30▲
2025 · 2.07
ROE
5.4%▼
2025 · 47.0%
ROA
1.3%▼
2025 · 15.3%
Interest coverage
10.05▼
2025 · 30.84
Debt ≤ 1 year
€1.1m▲
2025 · €602,466
Income taxes
€7,847▼
2025 · €37,013
Staff costs
€501,644▲
2025 · €227,235
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 3 | 4 | 6 | 9 |
| full-time | 1 | 2 | 3 | 4 | 7 |
| part-time | 1 | 1 | 1 | 2 | 2 |
| in full-time equivalents | 1.6 | 2.6 | 3.6 | 5 | 8 |
| Average over the year, in full-time equivalents | - | 1.9 | 3.3 | 5 | 9.3 |
| On a permanent contract | 2 | 3 | 4 | 6 | 9 |
| Joined | - | 1 | 1 | 10 | 15 |
| Left | - | 0 | 0 | 8 | 12 |
| Training hours | - | - | - | 75 | 221 |
Source: social balance sheet in the 2022 to 2026 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,986 | €33,693 | €285,276 | €10,795 | €92,135 |
| Financial fixed assets | - | - | - | €1,470 | €0 |
| Depreciation and write-downs of the year | €2,506 | €14,879 | €54,980 | €82,879 | €84,701 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €985,085 | - | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €666,287 | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €71,305 | €9,468 | €118,238 | €177,671 | €227,235 | €501,644 | ▲ 121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,775 | €5,419 | €6,311 | €7,435 | €2,506 | €14,879 | €54,980 | €82,879 | €84,701 | ▲ 2.2% |
| Other operating charges640/8 | - | - | - | €20,935 | €7,930 | €14,302 | €29,195 | €31,572 | €61,907 | ▲ 96.1% |
| Gross operating margin9900 | €59,715 | €228,577 | €327,314 | €326,002 | €78,104 | €85,737 | €291,511 | €530,177 | €683,673 | ▲ 29.0% |
| Operating profit (loss)9901 | -€49,077 | €140,384 | €260,894 | €226,328 | €58,201 | -€61,682 | €29,664 | €188,491 | €35,420 | ▼ 81.2% |
| Financial income75/76B | - | - | - | €9,801 | €2,138 | €2,582 | €555 | €1,511 | €2,009 | ▲ 33.0% |
| Recurring financial income75 | €5,166 | €8,741 | €11,624 | €9,801 | €2,138 | €2,582 | €555 | €1,511 | €2,009 | ▲ 33.0% |
| Financial charges65/66B | - | - | - | €811 | €87 | €5,774 | €16,809 | €8,800 | €11,955 | ▲ 35.9% |
| Recurring financial charges65 | €888 | €1,759 | €506 | €811 | €87 | €5,774 | €16,809 | €8,800 | €11,955 | ▲ 35.9% |
| Profit (loss) for the period before taxes9903 | -€42,085 | €147,365 | €272,013 | €235,318 | €60,252 | -€64,873 | €13,411 | €181,203 | €25,474 | ▼ 85.9% |
| Income taxes67/77 | €473 | €27,123 | €71,105 | €59,049 | €16,906 | -€1,204 | €489 | €37,013 | €7,847 | ▼ 78.8% |
| Profit (loss) for the period9904 | -€42,558 | €120,242 | €200,909 | €176,269 | €43,345 | -€63,668 | €12,922 | €144,189 | €17,627 | ▼ 87.8% |
| Profit (loss) for the period to be appropriated9905 | -€42,558 | €120,242 | €200,909 | €176,269 | €43,345 | -€63,668 | €12,922 | €144,189 | €17,627 | ▼ 87.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €0.3m | €0.4m | €0.6m | €0.5m | €0.4m | €0.7m | €0.9m | €0.9m | €1.4m | ▲ 48.2% |
| Fixed assets21/28 | €0.002m | €0.02m | €0.02m | €0.03m | €0.03m | €0.05m | €0.3m | €0.2m | €0.2m | ▲ 2.8% |
| Tangible fixed assets22/27 | €0.002m | €0.02m | €0.02m | €0.03m | €0.03m | €0.05m | €0.3m | €0.2m | €0.2m | ▲ 3.6% |
| Plant, machinery and equipment23 | - | - | - | €0.006m | €0.006m | €0.004m | €0.003m | €0.001m | €11 | ▼ 99.1% |
| Furniture and vehicles24 | - | - | - | €0.008m | €0.01m | €0.01m | €0.1m | €0.08m | €0.04m | ▼ 43.8% |
| Other tangible fixed assets26 | - | - | - | €0.01m | €0.01m | €0.03m | €0.2m | €0.1m | €0.2m | ▲ 39.9% |
| Assets under construction and advance payments27 | - | - | - | - | - | - | - | €0.007m | €0 | ▼ 100% |
| Financial fixed assets28 | €138 | - | - | - | - | - | - | €0.001m | €0 | ▼ 100% |
| Current assets29/58 | €0.2m | €0.4m | €0.6m | €0.4m | €0.4m | €0.6m | €0.6m | €0.7m | €1.2m | ▲ 61.2% |
| Stocks and contracts in progress3 | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.5m | ▲ 88.1% |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.5m | ▲ 88.1% |
| Amounts receivable within one year40/41 | €0.1m | €0.2m | €0.3m | €0.1m | €0.03m | €0.08m | €0.1m | €0.06m | €0.2m | ▲ 155% |
| Trade receivables40 | - | - | - | €0.004m | €0.007m | €0.04m | €0.1m | €0.02m | €0.03m | ▲ 18.9% |
| Other amounts receivable41 | - | - | - | €0.09m | €0.02m | €0.04m | €0.02m | €0.04m | €0.1m | ▲ 247% |
| Cash at bank and in hand54/58 | €0.03m | €0.02m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.4m | €0.5m | ▲ 37.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.05m | €0.03m | €0.03m | €0.04m | €0.02m | ▼ 51.0% |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €0.3m | €0.4m | €0.6m | €0.5m | €0.4m | €0.7m | €0.9m | €0.9m | €1.4m | ▲ 48.2% |
| Equity10/15 | €0.2m | €0.3m | €0.2m | €0.3m | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 5.7% |
| Contributions10/11 | €0.05m | €0.05m | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves13 | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Non-distributable reserves130/1 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Reserves not available under the articles1311 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Profit (loss) carried forward14 | €0.1m | €0.2m | €0.1m | €0.2m | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 7.0% |
| Amounts payable17/49 | €0.07m | €0.08m | €0.4m | €0.2m | €0.09m | €0.4m | €0.7m | €0.6m | €1.1m | ▲ 68.7% |
| Amounts payable within one year42/48 | €0.07m | €0.08m | €0.4m | €0.2m | €0.09m | €0.4m | €0.7m | €0.6m | €1.1m | ▲ 77.8% |
| Trade debts44 | €0.03m | €0.06m | €0.02m | €0.03m | €0.03m | €0.3m | €0.5m | €0.3m | €0.2m | ▼ 32.8% |
| Suppliers440/4 | - | - | - | €0.03m | €0.03m | €0.3m | €0.5m | €0.3m | €0.2m | ▼ 32.8% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.1m | €0.1m | €0.1m | €0.3m | ▲ 116% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.05m | €0.02m | €0.05m | €0.04m | €0.07m | ▲ 87.2% |
| Taxes450/3 | - | - | - | €0.05m | €0.05m | €421 | €383 | €0.007m | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €0.008m | €0.002m | €0.02m | €0.05m | €0.03m | €0.07m | ▲ 133% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.009m | €0.04m | €0 | €0.1m | €0.5m | ▲ 400% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | - | - | €0.01m | €0.03m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42,558 | €120,242 | €200,909 | €176,269 | €43,345 | -€63,668 | €12,922 | €144,189 | €17,627 | ▼ 87.8% |
| + Depreciation and write-downs630 | €8,775 | €5,419 | €6,311 | €7,435 | €2,506 | €14,879 | €54,980 | €82,879 | €84,701 | ▲ 2.2% |
| Operating cash flow (approximation) | -€33,784 | €125,660 | €207,219 | €183,703 | €45,852 | -€48,790 | €67,902 | €227,068 | €102,328 | ▼ 54.9% |
| Investment in fixed assets (approximation) | - | -€21,462 | -€6,865 | -€14,606 | -€7,986 | -€33,693 | -€285,276 | -€12,264 | -€90,666 | ▼ 639% |
| Change in cash | - | -€3,410 | €91,115 | €4,579 | -€15,577 | €77,905 | €21,530 | €160,204 | €136,546 | ▼ 14.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 30-09-2026 | 2026-00533115 | |
| 31-03-2025 | full format | 17-12-2025 | 2025-00583379 | |
| 31-03-2024 | full format | 11-09-2024 | 2024-00458755 | |
| 31-03-2023 | full format | 28-08-2023 | 2023-00361435 | |
| 31-03-2022 | full format | 31-10-2022 | 2022-20517231 | |
| 31-12-2021 | full format | 29-06-2022 | 2022-20148480 | |
| 31-12-2020 | micro format | 29-07-2021 | 2021-42200293 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-49500247 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61300037 | |
| 31-12-2017 | full format | 06-06-2018 | 2018-16100225 |