Checked.be
Active
BE 0436.847.517Public limited company
SAMI ENGINEERING
Haustrée(WAR) 11 ·4608 Dalhem, Belgium· 37 yrs active
Sector: Engineering and related technical consultancy, excluding land surveyors
(71121)
Conclusion
SAMI ENGINEERING has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176k and a net result of €-59k. Equity is shrinking by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 24% of 56 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €176k |
| Net result | €-59k |
| Staff (FTE) | 11.1 |
| Better than sector | 24% |
Financial profile
39
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
27
Profitability
0
Solvency
45
Growth
22
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1989, 37 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.
Checked score
27
/ 100
Weak
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
73
2023
27
2024
27
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.27 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.27 (≥ 1.0)
+5
Profitability
Negatieve ROE -33%
-10
EBITDA margin
Negatieve EBITDA-marge
-10
Interest coverage
Interest coverage -5.5× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 13-08-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, revenue would indicatively turn negative around fiscal year 2027, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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 71, Architectural and engineering activities; technical testing and analysis · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 25.7% | 48.3% | |
| Net result | €-59k | €31k | |
| Equity | €176k | €187k | |
| Gross operating margin | €635k | €59k | |
| Total assets | €686k | €477k |
€832k
-27.1%
23-25
€-33k
-438.1%
23-25
€-59k
-26.6%
23-25
€-38k
-201.4%
23-25
€686k
-7.5%
23-25
€176k
-25.0%
23-25
€135k
-21.9%
23-25
11
-17.2%
23-25
€660k
-23.2%
23-25
€2k
-3.5%
23-25
€510k
+0.6%
23-25
€510k
+0.6%
23-25
1.27
-5.7%
23-25
1.27
-5.7%
23-25
25.7%
-18.9%
23-25
2.90
+34.2%
23-25
-33.3%
-68.8%
23-25
-8.6%
-36.8%
23-25
-7.1%
-73.6%
23-25
-4.0%
-637.9%
23-25
-5.51
-303.0%
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | full schema | full schema | full schema |
| Revenue | €832k | €1.14M | €1.68M |
| EBITDA | €-33k | €-6k | €58k |
| Net profit | €-59k | €-46k | €2k |
| Cash flow | €-38k | €-13k | €45k |
| Staff costs | €660k | €860k | €908k |
| Income taxes | €2k | €2k | €3k |
| Dividends | - | - | - |
| Total assets | €686k | €742k | €1.02M |
| Equity | €176k | €235k | €281k |
| Debt | €510k | €507k | €744k |
| of which ≤ 1y | €510k | €507k | €744k |
| of which > 1y | - | - | - |
| Working capital | €135k | €173k | €184k |
| Employees (FTE) | 11.1 | 13.4 | 17.7 |
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 1.27 | 1.34 | 1.25 |
| Quick ratio | 1.27 | 1.34 | 1.25 |
| Working capital ratio | 19.7% | 23.4% | 18.0% |
| Solvency | 25.7% | 31.7% | 27.4% |
| Debt / equity | 2.90 | 2.16 | 2.64 |
| Long-term debt ratio | - | - | - |
| Interest coverage | -5.51 | -1.37 | 6.11 |
| Gross margin | 76.4% | 75.7% | 70.1% |
| Net margin | -7.1% | -4.1% | 0.1% |
| ROA | -8.6% | -6.3% | 0.2% |
| ROE | -33.3% | -19.8% | 0.9% |
| EBITDA margin | -4.0% | -0.5% | 3.4% |
| Days sales outstanding | 202d | 107d | 97d |
| Days payable outstanding | 444d | 155d | 233d |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €686k | €742k | €1.02M |
| Fixed assets | 21/28 | €41k | €62k | €97k |
| Intangible fixed assets | 21 | - | €0 | €0 |
| Tangible fixed assets | 22/27 | €27k | €48k | €84k |
| Financial fixed assets | 28 | €13k | €13k | €13k |
| Current assets | 29/58 | €645k | €680k | €928k |
| Amounts receivable within one year | 40/41 | €568k | €441k | €651k |
| Cash & bank | 54/58 | €67k | €222k | €254k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €686k | €742k | €1.02M |
| Equity | 10/15 | €176k | €235k | €281k |
| Contributions / capital | 10/11 | €154k | €154k | €154k |
| Reserves | 13 | €416k | €416k | €416k |
| Accumulated profits (losses) | 14 | €-394k | €-335k | €-288k |
| Amounts payable | 17/49 | €510k | €507k | €744k |
| Amounts payable within one year | 42/48 | €510k | €507k | €744k |
| Trade debts payable within one year | 44 | €239k | €118k | €320k |
| Income statement | ||||
| Turnover | 70 | €832k | €1.14M | €1.68M |
| Gross operating margin | 9900 | €635k | €864k | €1.18M |
| Operating result | 9901 | €-54k | €-40k | €15k |
| Financial income | 75 | €3k | - | - |
| Financial charges | 65 | €6k | €5k | €9k |
| Result before taxes | 9903 | €-57k | €-45k | €6k |
| Income taxes | 67/77 | €2k | €2k | €3k |
| Net result for the period | 9904 | €-59k | €-46k | €2k |
| Result to be appropriated | 9905 | €-59k | €-46k | €2k |
Legal Structure
| NACE primary | Engineering and related technical consultancy, excluding land surveyors(71121) |
| Legal form | Public limited company(014) |
| Incorporation | 06-03-1989 |
| Status | Active |
| Postal code | 4608 |
Establishment units
SAMI ENGINEERING
since 19892.042.517.914
Parc Artisanal de Blegny 11-13, 4671 Blégny
since 19892.042.518.013
Real-estate footprint
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62001B0294/00R004 | Wallonia | 6,913 m² | 1 · 748 m² | 7.5 m · 1 fl. |
| 62010F0033/00C002 | Wallonia | 4,448 m² | 1 · 993 m² | - |
| 62114A0553/00F002 | Wallonia | 735 m² | 1 · 163 m² | 8.7 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 13 days late
2025
31-12
Financial
Weakest financial yearnet €-59k
Net result drops to €-59k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 62 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Engineering and related technical consultancy, excluding land surveyors7112174203
Names & trade names
| Legal nameFR | SAMI ENGINEERING |
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