SAMAX · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of SAMAX is 0.7% (low). The 2025 annual accounts show equity of €307k and a net result of €144k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 74% of 249 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 17-12-2025, 47 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-03. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-03-2025, that is 31-10-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-03-2025	31-10-2025	17-12-2025	47 d late	2025-00583379
31-03-2024	31-10-2024	11-09-2024	50 d early	2024-00458755
31-03-2023	31-10-2023	28-08-2023	64 d early	2023-00361435
31-03-2022	31-10-2022	31-10-2022	on the day	2022-20517231
31-12-2021	31-07-2022	29-06-2022	32 d early	2022-20148480
31-12-2020	31-07-2021	29-07-2021	2 d early	2021-42200293
31-12-2019	31-07-2020	31-08-2020	31 d late	2020-49500247
31-12-2018	31-07-2019	30-08-2019	30 d late	2019-61300037
31-12-2017	31-07-2018	06-06-2018	55 d early	2018-16100225
31-12-2016	31-07-2017	08-06-2017	53 d early	2017-16200099

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2010, 15 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.7% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€985k

EBIT margin23.0%

Net result€144k+1015.8%

Working capital€129k

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 17-12-2025 with the NBB · fiscal year 2025 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~40% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	32.6%	13.9%	better than 74% of 249 sector peers
Net result	€144k	€19k	better than 80% of 249 sector peers
Equity	€307k	€95k	better than 70% of 249 sector peers
Gross operating margin	€530k	€323k	better than 68% of 218 sector peers
Staff costs	€227k	€281k	higher than 42% of 220 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P74

Stable position over 2020-2025 · n=249-873

Net result P80

Weakening position over 2020-2025 · n=249-874

Equity P70

Stable position over 2020-2025 · n=249-875

Gross operating margin P68

Stable position over 2020-2025 · n=218-801

Describes the position versus peers, not a forecast.

Revenue

€985k

- 18-25

EBITDA

€271k

+220.6% 18-25

Net profit

€144k

+1015.8% 18-25

Cash flow

€227k

+234.4% 18-25

Total assets

€941k

+1.3% 18-25

Equity

€307k

+16.8% 18-25

Working capital

€129k

- 18-25

Employees (FTE)

5

+51.5% 18-25

Show 14 other metrics

Staff costs

€227k

+27.9% 18-25

Income taxes

€37k

+7473.7% 18-25

Dividends

€100k

0.0% 18-25

Debt

€635k

-4.8% 18-25

Debt ≤ 1y

€602k

-8.0% 18-25

Current ratio

1.21

+22.6% 18-25

Quick ratio

0.77

+41.9% 18-25

Solvency

32.6%

+15.3% 18-25

Debt / equity

2.07

-18.5% 18-25

ROE

47.0%

+855.0% 18-25

ROA

15.3%

+1001.0% 18-25

Net margin

17.9%

- 18-25

EBITDA margin

23.7%

- 18-25

Interest coverage

30.84

+512.4% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	volledig
Revenue	-
EBITDA	€271k
Net profit	€144k
Cash flow	€227k
Staff costs	€227k
Income taxes	€37k
Dividends	€100k
Total assets	€941k
Equity	€307k
Debt	€635k
of which ≤ 1y	€602k
of which > 1y	-
Working capital	€129k
Employees (FTE)	5.0

Ratios (computed)

	2025
Current ratio	1.21
Quick ratio	0.77
Working capital ratio	13.7%
Solvency	32.6%
Debt / equity	2.07
Long-term debt ratio	-
Interest coverage	30.84
Gross margin	-
Net margin	-
ROA	15.3%
ROE	47.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €210k · 22.3% Current assets €732k · 77.7%

Equity & liabilities

Equity €307k · 32.6% Debt €635k · 67.4%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€941k
Fixed assets	21/28	€210k
Tangible fixed assets	22/27	€208k
Financial fixed assets	28	€1k
Current assets	29/58	€732k
Stocks & contracts in progress	3	€267k
Amounts receivable within one year	40/41	€62k
Cash & bank	54/58	€364k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€941k
Equity	10/15	€307k
Contributions / capital	10/11	€50k
Reserves	13	€5k
Accumulated profits (losses)	14	€252k
Amounts payable	17/49	€635k
Amounts payable within one year	42/48	€602k
Trade debts payable within one year	44	€339k
Income statement
Gross operating margin	9900	€530k
Operating result	9901	€188k
Financial income	75	€2k
Financial charges	65	€9k
Result before taxes	9903	€181k
Income taxes	67/77	€37k
Net result for the period	9904	€144k
Result to be appropriated	9905	€144k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

81 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

4 directors

8 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Historic, not recently confirmed (2)

These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.

MOXHET Florent
Managing director
State Gazette act 18144846 (01-10-2018)

Not recently confirmed
last confirmed in an act from 2018
ECLIPSEPrivate limited company
Managing director· perm. rep.: GEERAERTS Caroline
State Gazette act 16051505 (13-04-2016)

Not recently confirmed
last confirmed in an act from 2016

Former directors (2)

GEERAERTS Caroline
Managing director
State Gazette act 18144846 (01-10-2018)

Former
- → 27-08-2018
GORET Xavier
Managing director
State Gazette act 16051505 (13-04-2016)

Former
- → 22-03-2016

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Detailhandel in huismeubilair(47551)
Legal form	Private limited company(610)
Incorporation	08-12-2010
Status	Active
Postal code	1300

Structure & network

Connections & network

3 connected companies

Group structureShared address / shareholder

Group structure

ECLIPSE

Sits on the board · 1 subsidiary

Control→

Network connections

BDO DISTRIBUTION

Shared address

→

CHABER

Shared address

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

1 party

Control over this companysits on this company's board1

ECLIPSE

1 subsidiary

controls

SAMAXBE 0831.721.649

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

5 companies at this address See who is registered here

Parcels1

Ground area6,868 m²

Buildings1

Building footprint3,281 m²

Volume (LiDAR)18,969 m³

Tallest building8.1 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25006A0145/00L002	Wallonia	6,868 m²	1 · 3,281 m²	8.1 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

7 acts

Capital history · 1

13-04-2016

v3.2

Address history · 2

31-03-2022

v3.2

25-07-2014

v3.2

All acts · 7 updated 2 months ago

2026

08-06-2026 Notarial deed · General meeting · Incorporation · Statute amendment Open-capture extraction

Filing: 2026-05-28 · SAMAX
Notarial deed: 2026-04-23 · SAMAX
General meeting: 2026-04-23 · SAMAX
Incorporation: 2010-12-08 · SAMAX
Statute amendment: 2022-03-23 · SAMAX
Auditor waiver · SAMAX
Auditor report: 2026-04-22 · Stéphanie GUEVARS
Merger: date: 2026-04-23, type: absorption, shares_issued: 1035 · SAMAX
Accounting effect: 2026-04-01 · SAMAX
Dissolution: date: 2026-04-23, type: sans liquidation, condition: vote de la fusion par l'autre société concernée · SAMAX
Share transfer: action: annulation · ECLIPSE
Officer discharge: condition: approbation par l'assemblée générale des actionnaires de la société absorbante des comptes annuels établis postérieurement à la fusion · SAMAX
Power of attorney: 2026-04-23 · SAMAX
Real estate declaration: expiry: 2034-05-25, address: Arlon, Parc de I'Hydrion, local n° 500 · SAMAX
Real estate declaration: expiry: 2034-03-31, address: Marche-en-Famenne, rue du Parc Industriel · SAMAX
Real estate declaration: expiry: 2031-06-01, address: St-Vaast (La Louvière), chaussée de Mons 560 · SAMAX
Real estate declaration: expiry: 2034-06-30, address: Liège, boulevard Cuvre et Zinc 1 et boulevers de Froidmont 11 · SAMAX
Publication: 2026-06-08
Act object: PROCES-VERBAL DE FUSION PAR ABSORPTION - SOCIETE ABSORBEE