SAMI
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-04-2026 PDF all 27 filings
Turnover
€212,202
EBIT margin
-4.8%
Net result
-€11,340
2024 · €1,338
Working capital
€76,241▲ 22.8%
2022 · €62,081
Multi-year overview
2019 to 2025, 6 financial yearsTurnover
€212,202
2025
20192025
Operating result
-€10,115
2025
20192025
Net result
-€11,340
2025
lowest quarter of the sector
20192025
EBIT margin
-4.8%
2025
20192025
Equity
€64,920
▼ 14.9%
2025
middle half of the sector
20192025
Total assets
€64,920
▼ 17.5%
2025
middle half of the sector
20192025
Debt
no figure
2025
20192025
Working capital
no figure
2025
20192025
Solvency
100.0%
▲ 3.1pp
2025
highest quarter of the sector
20192025
Current ratio
no figure
2025
20192025
Return on assets (ROA)
-17.5%
▼ 19.2pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220242025
Turnover€212,202
Operating result€893-€1,980▲ 122%€10,548▲ 433%-€1,999€2,989--€10,115
Net result€853--€5,415below the sector's middle half€7,777within the sector's middle half-€3,638within the sector's middle half€1,338within the sector's middle half--€11,340below the sector's middle half
EBIT margin-4.8%
Equity€65,504-€60,089within the sector's middle half▼ 8.3%€67,866within the sector's middle half▲ 12.9%€64,228within the sector's middle half▼ 5.4%€76,259within the sector's middle half-€64,920within the sector's middle half▼ 14.9%
Total assets€67,245-€61,828within the sector's middle half▼ 8.1%€80,907within the sector's middle half▲ 30.9%€65,937within the sector's middle half▼ 18.5%€78,686within the sector's middle half-€64,920within the sector's middle half▼ 17.5%
Debt€1,741-€1,739▼ 0.1%€13,041▲ 650%€1,709▼ 86.9%€2,427-
Working capital€51,035-€52,789within the sector's middle half▲ 3.4%€59,528within the sector's middle half▲ 12.8%€62,081within the sector's middle half▲ 4.3%€76,241within the sector's middle half-
Solvency97.4%-97.2%above the sector's middle half▼ 0.2pp83.9%above the sector's middle half▼ 13.3pp97.4%above the sector's middle half▲ 13.5pp96.9%above the sector's middle half-100.0%above the sector's middle half▲ 3.1pp
Current ratio30.31-31.36above the sector's middle half▲ 1.045.56above the sector's middle half▼ 25.7969.28above the sector's middle half▲ 63.7232.42above the sector's middle half-
Return on assets (ROA)1.3%--8.8%below the sector's middle half▼ 10.0pp9.6%within the sector's middle half▲ 18.4pp-5.5%below the sector's middle half▼ 15.1pp1.7%within the sector's middle half--17.5%below the sector's middle half▼ 19.2pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €10,115, after a profit of €2,989 in 2024. It is the lowest result since 2020.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64,920
Fixed assets
€19 =
Current assets
€64,901 ▼ 17.5%
Key figures and ratios
ROE
-17.5%▼
2024 · 1.8%
Customer credit
6 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €6,033 | - | €0 | - |
| Depreciation and write-downs of the year | €4,466 | €3,251 | €917 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €4,000 awarded · €4,000 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,000 | €2,000 |
| 2023 | 1 | €2,000 | €2,000 |
Schemes
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | €212,202 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €223,495 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,585 | €7,169 | €4,466 | €3,251 | €917 | - | - |
| Other operating charges640/8 | - | - | €8,078 | €3,360 | €7,731 | €823 | ▼ 89.4% |
| Gross operating margin9900 | €13,090 | €18,675 | €23,092 | €4,612 | €11,637 | -€9,292 | - |
| Operating profit (loss)9901 | €893 | €1,980 | €10,548 | -€1,999 | €2,989 | -€10,115 | - |
| Financial charges65/66B | - | - | €1,971 | €1,748 | €1,525 | €1,225 | ▼ 19.7% |
| Recurring financial charges65 | €40 | €1,005 | €1,971 | €1,748 | €1,525 | €1,225 | ▼ 19.7% |
| Profit (loss) for the period before taxes9903 | €853 | -€5,415 | €8,577 | -€3,747 | €1,465 | -€11,340 | - |
| Income taxes67/77 | - | - | €800 | -€109 | €127 | - | - |
| Profit (loss) for the period9904 | €853 | -€5,415 | €7,777 | -€3,638 | €1,338 | -€11,340 | - |
| Profit (loss) for the period to be appropriated9905 | €853 | -€5,415 | €7,777 | -€3,638 | €1,338 | -€11,340 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €67,245 | €61,828 | €80,907 | €65,937 | €78,686 | €64,920 | ▼ 17.5% |
| Fixed assets21/28 | €14,469 | €7,300 | €8,338 | €2,946 | €19 | €19 | = |
| Tangible fixed assets22/27 | €14,450 | €7,281 | €8,319 | €2,928 | €0 | - | - |
| Plant, machinery and equipment23 | - | - | €4,939 | €2,928 | €0 | - | - |
| Furniture and vehicles24 | - | - | €2,140 | - | - | - | - |
| Other tangible fixed assets26 | - | - | €1,240 | - | - | - | - |
| Financial fixed assets28 | €19 | €19 | €19 | €19 | €19 | €19 | = |
| Current assets29/58 | €52,776 | €54,528 | €72,568 | €62,990 | €78,667 | €64,901 | ▼ 17.5% |
| Amounts receivable within one year40/41 | €8,577 | €9,878 | - | €1,097 | €3,124 | €62,243 | ▲ 20× |
| Trade receivables40 | - | - | - | - | - | €3,315 | - |
| Other amounts receivable41 | - | - | - | €1,097 | €3,124 | €58,927 | ▲ 19× |
| Cash at bank and in hand54/58 | €44,199 | €44,650 | €72,568 | €61,893 | €75,543 | €2,658 | ▼ 96.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €67,245 | €61,828 | €80,907 | €65,937 | €78,686 | €64,920 | ▼ 17.5% |
| Equity10/15 | €65,504 | €60,089 | €67,866 | €64,228 | €76,259 | €64,920 | ▼ 14.9% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €16,162 | €16,162 | €16,162 | €16,162 | €57,659 | €46,320 | ▼ 19.7% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,860 | - |
| Other1319 | - | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | €14,302 | €14,302 | €55,799 | €44,460 | ▼ 20.3% |
| Profit (loss) carried forward14 | €30,742 | €25,327 | €33,104 | €29,466 | - | - | - |
| Amounts payable17/49 | €1,741 | €1,739 | €13,041 | €1,709 | €2,427 | - | - |
| Amounts payable within one year42/48 | €1,741 | €1,739 | €13,041 | €909 | €2,427 | - | - |
| Trade debts44 | - | - | €522 | €909 | €0 | - | - |
| Suppliers440/4 | - | - | €522 | €909 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | €800 | - | €2,127 | - | - |
| Taxes450/3 | - | - | €800 | - | €1,827 | - | - |
| Remuneration and social security454/9 | - | - | - | - | €300 | - | - |
| Other amounts payable47/48 | - | - | €11,719 | - | €300 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €800 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €853 | -€5,415 | €7,777 | -€3,638 | €1,338 | -€11,340 | - |
| + Depreciation and write-downs630 | €7,585 | €7,169 | €4,466 | €3,251 | €917 | - | - |
| Operating cash flow (approximation) | €8,438 | €1,754 | €12,243 | -€387 | €2,255 | -€11,340 | - |
| Investment in fixed assets (approximation) | - | €0 | -€5,504 | €2,140 | - | €0 | - |
| Change in cash | - | €451 | €27,918 | -€10,675 | - | -€72,885 | - |
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, 5,831 companies had the same profile as SAMI has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
84.6%
was still going
13.4%
stopped otherwise
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SAMI itself: 0.7% 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 5,831 companies, not a prediction for SAMI. 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.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 29-04-2026 | 2026-00102352 | |
| 30-09-2024 | micro format | 23-05-2025 | 2025-00110710 | |
| 30-09-2022 | micro format | 25-05-2023 | 2023-00101103 | |
| 30-09-2021 | micro format | 25-09-2022 | 2022-20440652 | |
| 30-09-2020 | micro format | 30-05-2021 | 2021-16800579 | |
| 30-09-2019 | micro format | 28-04-2020 | 2020-10900595 | |
| 30-09-2017 | micro format | 31-03-2018 | 2018-09200296 | |
| 30-09-2016 | abbreviated format | 26-03-2017 | 2017-08200316 | |
| 30-09-2015 | abbreviated format | 29-06-2016 | 2016-27000113 | |
| 30-09-2014 | abbreviated format | 25-05-2015 | 2015-13500010 |