SAMBAT 1
ActiveSummary
The computed 12-month bankruptcy probability of SAMBAT 1 is 1.7% (moderate). The 2025 annual accounts show negative equity (-€291,868) and a net result of -€28,146. Equity has been shrinking by about 54% per year since 2020. Its solvency ranks better than 7% of 5,795 sector peers (NACE 68, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-11-2019 Normal situation
- Registered office
- 10 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Renting and operating of own or leased residential real estate, excluding social housing NACE 68201and 1 other
- Establishment unit
- 2.320.750.140 4400 Flémalle, since 15-11-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 10-04-2024
Board and ownership
- Nicolas de Schutter BVDirector · since 12-08-2025
- Roulleau ChristianDirector · since 12-08-2025
- FOR BZHconsolidatesannual accounts 2025
- Nicolas de Schutter10%2022 annual accounts of Nicolas de Schutter
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.7%
- Gross margin
- €82,617
- ▼ 7.0%
- Turnover
- ≈ €110,000
- estimated
- Loss
- €28,146
- ▼ 28.0%
- Equity
- -€291,868
- ▼ 10.7%
- Total assets
- €1.5m
- ▲ 2.7%
- Negative equity on 31-12-2025
- 2025 accounts filed 63 days after the deadline
Score breakdownraises riskLast filed accounts filed 63 days late; 2 of the last 3 accounts late1 change of registered office in 24 monthsNegative equity -€291,868lowers riskSize: total assets €1.5mShow the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 10% of them on solvency, 55% on liquidity, 24% on profitability and 27% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 28 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 02-10-2026 at the NBB all 6 filings
Every figure per financial year
The operating result for 2025 is 24% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €421,800 | €399,000 | €1.3m | €1.2m | €1.2m |
| Mortgages, amount registered | €27,500 | €27,500 | €27,500 | €27,500 | €27,500 |
| Mortgage mandates | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m |
| Carrying value of the mortgaged assets | €497,976 | €804,793 | €1.5m | €1.4m | €1.5m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €435 | €313,215 | €850,837 | €8,818 | €79,340 |
| Depreciation and write-downs of the year | €6,397 | €6,397 | €18,835 | €40,093 | €41,050 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,728 | €6,397 | €6,397 | €18,835 | €40,093 | €41,050 | ▲ 2.4% |
| Other operating charges640/8 | - | €11,686 | €11,517 | €1,116 | €24,919 | €12,160 | ▼ 51.2% |
| Non-recurring operating charges66A | - | - | - | €186,065 | - | - | - |
| Gross operating margin9900 | €27,433 | €26,191 | €29,845 | €39,861 | €88,820 | €82,617 | ▼ 7.0% |
| Operating profit (loss)9901 | -€59,760 | €8,108 | €11,931 | -€166,155 | €23,807 | €29,408 | ▲ 23.5% |
| Financial income75/76B | - | €289 | €0 | - | - | - | - |
| Recurring financial income75 | €0 | €289 | €0 | - | - | - | - |
| Financial charges65/66B | - | €11,719 | €6,372 | €52,014 | €62,916 | €57,554 | ▼ 8.5% |
| Recurring financial charges65 | €10,421 | €11,719 | €6,372 | €52,014 | €62,916 | €57,554 | ▼ 8.5% |
| Profit (loss) for the period before taxes9903 | -€70,181 | -€3,322 | €5,559 | -€218,168 | -€39,109 | -€28,146 | ▲ 28.0% |
| Profit (loss) for the period9904 | -€70,181 | -€3,322 | €5,559 | -€218,168 | -€39,109 | -€28,146 | ▲ 28.0% |
| Profit (loss) for the period to be appropriated9905 | -€70,181 | -€3,322 | €5,559 | -€218,168 | -€39,109 | -€28,146 | ▲ 28.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.5m | €0.6m | €0.9m | €1.5m | €1.4m | €1.5m | ▲ 2.7% |
| Formation expenses20 | - | - | €0 | €0 | - | - | - |
| Fixed assets21/28 | €0.5m | €0.5m | €0.8m | €1.5m | €1.4m | €1.5m | ▲ 2.7% |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €0.8m | €1.5m | €1.4m | €1.5m | ▲ 2.7% |
| Land and buildings22 | - | €0.5m | €0.5m | €1.5m | €1.4m | €1.5m | ▲ 2.7% |
| Assets under construction and advance payments27 | - | €0.04m | €0.3m | €0 | - | - | - |
| Current assets29/58 | €0.03m | €0.07m | €0.05m | €0.05m | €0.02m | €0.02m | ▲ 0.8% |
| Amounts receivable within one year40/41 | €0.02m | €0.07m | €0.02m | €0.05m | €0.009m | €0.009m | ▲ 1.0% |
| Trade receivables40 | - | €0.007m | €0.01m | €0.05m | €0.009m | €0.009m | ▲ 1.0% |
| Other amounts receivable41 | - | €0.06m | €286 | €0.001m | - | - | - |
| Cash at bank and in hand54/58 | €0.009m | €0.002m | €0.03m | €0.002m | €0.01m | €0.01m | ▼ 0.2% |
| Deferred charges and accrued income490/1 | - | €289 | €0.003m | €0.002m | €0.003m | €0.003m | ▲ 3.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.5m | €0.6m | €0.9m | €1.5m | €1.4m | €1.5m | ▲ 2.7% |
| Equity10/15 | -€0.009m | -€0.01m | -€0.006m | -€0.2m | -€0.3m | -€0.3m | ▼ 10.7% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | -€0.07m | -€0.07m | -€0.07m | -€0.3m | -€0.3m | -€0.4m | ▼ 8.7% |
| Amounts payable17/49 | €0.5m | €0.6m | €0.9m | €1.7m | €1.7m | €1.8m | ▲ 3.9% |
| Amounts payable after more than one year17 | €0.5m | €0.5m | €0.7m | €1.6m | €1.6m | €1.7m | ▲ 5.0% |
| Financial debts170/4 | - | €0.5m | €0.7m | €1.6m | €1.6m | €1.7m | ▲ 5.0% |
| Amounts payable within one year42/48 | €0.003m | €0.06m | €0.1m | €0.09m | €0.06m | €0.06m | ▼ 5.1% |
| Current portion of amounts payable after more than one year42 | - | €0.02m | €0.02m | €0.05m | €0.05m | €0.05m | ▲ 2.5% |
| Trade debts44 | €0.003m | €0.005m | €0.1m | €0.01m | €0.007m | €0.003m | ▼ 65.8% |
| Suppliers440/4 | - | €0.005m | €0.1m | €0.01m | €0.007m | €0.003m | ▼ 65.8% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.003m | €0.003m | ▲ 9.2% |
| Taxes450/3 | - | - | - | - | €0.003m | €0.003m | ▲ 9.2% |
| Other amounts payable47/48 | - | €0.04m | €0 | €0.02m | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.02m | €0.008m | ▼ 59.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€70,181 | -€3,322 | €5,559 | -€218,168 | -€39,109 | -€28,146 | ▲ 28.0% |
| + Depreciation and write-downs630 | €76,728 | €6,397 | €6,397 | €18,835 | €40,093 | €41,050 | ▲ 2.4% |
| Operating cash flow (approximation) | €6,547 | €3,075 | €11,956 | -€199,333 | €984 | €12,903 | ▲ 13× |
| Investment in fixed assets (approximation) | - | -€435 | -€313,215 | -€664,772 | -€8,818 | -€79,340 | ▼ 800% |
| Change in cash | - | -€7,725 | €32,352 | -€31,909 | €8,323 | -€21 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,167 companies had the same profile as SAMBAT 1 has now. Two years later, 94.9% were still going and 2.0% had gone bankrupt.
- Small
- 5 to 10 years old
- negative equity
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SAMBAT 1 itself: 1.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,167 companies, not a prediction for SAMBAT 1. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 02-10-2026 | 2026-00543042 | |
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00464633 | |
| 31-12-2023 | abbreviated format | 10-09-2024 | 2024-00459388 | |
| 31-12-2022 | abbreviated format | 24-06-2023 | 2023-00170786 | |
| 31-12-2021 | abbreviated format | 07-09-2022 | 2022-20430227 | |
| 31-12-2020 | abbreviated format | 01-09-2021 | 2021-64700220 |
Board & ownership
Directors
Owners and capital
Shareholders
2 ownersChain of control
- FOR BZHFR
- SAMBAT 1
Owners 2
- FOR BZHFRconsolidating parentconsolidates
- Equity €25,823 Profit of €367,289 in 2025 (profit of €343,333 in 2024)10%
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Nicolas de Schutter BV |
|
| Roulleau Christian |
|
Network & group
Connections & network
2 current directorsThe network starts from the directors of SAMBAT 1. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-08
Gazette deed
Registered office moved within AntwerpenNew seat: Oostkaai 9-12A, 2170 Antwerpen · Previous seat: Westkaai 11, 2170 Antwerpen (Merksem), België2 points ▸
- Board meeting, 01-08-2026
- Registered-office move, Oostkaai 9-12A, 2170 Antwerpen
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0737.726.471
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62412B0318/00A005 | Wallonia | 9,038 m² | 1 · 446 m² | 1.4 m |
| 11422C0293/00G006 | Flanders | 5,439 m² | 1 · 6,359 m² | 14.5 m · 3 |