SAMIMMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 7 filings
Turnover
≈ €300,000
Estimated: probably between €200,000 and €470,000
Total assets
€983,656▲ 1.8%
2024 · €966,462
Net result
€47,062▲ 1.9%
2024 · €46,165
Working capital
€9,215
2024 · -€177
Multi-year overview
2018 to 2025, 7 financial yearsOperating result
€74,537
▲ 2.0%
2025
20182025
Net result
€47,062
▲ 1.9%
2025
20182025
Equity
€431,499
▲ 12.2%
2025
20182025
Total assets
€983,656
▲ 1.8%
2025
20182025
Debt
€552,157
▼ 5.1%
2025
20182025
Working capital
€9,215
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920212022202320242025
Operating result-€520--€14,195▼ 2,632%€212,651-€123,431▼ 42.0%€43,289▼ 64.9%€73,054▲ 68.8%€74,537▲ 2.0%
Net result-€3,880--€20,937▼ 440%€148,585-€81,912▼ 44.9%€23,592▼ 71.2%€46,165▲ 95.7%€47,062▲ 1.9%
Equity€16,120-€84,183▲ 422%€232,768-€314,680▲ 35.2%€338,272▲ 7.5%€384,437▲ 13.6%€431,499▲ 12.2%
Total assets€300,333-€621,122▲ 107%€967,239-€998,533▲ 3.2%€943,104▼ 5.6%€966,462▲ 2.5%€983,656▲ 1.8%
Debt€284,213-€536,939▲ 88.9%€734,471-€683,853▼ 6.9%€604,832▼ 11.6%€582,025▼ 3.8%€552,157▼ 5.1%
Working capital-€14,937--€40,892▼ 174%€19,031--€7,331€19,106-€177€9,215
The operating result for 2025 is 2% higher than in 2024. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €965,947
Fixed assets
€868,835 ▲ 0.5%
Current assets
€97,111 ▲ 14.8%
Equity and liabilities €983,656
Equity
€431,499 ▲ 12.2%
Debt
€552,157 ▼ 5.1%
Debt's share of the balance-sheet total falls from 60.2% to 56.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€119,302▲
2024 · €110,236
Cash flow
€91,827▲
2024 · €83,347
Current ratio
1.10▲
2024 · 1.00
Debt to equity
1.28▼
2024 · 1.51
ROE
10.9%▼
2024 · 12.0%
ROA
4.8%▲
2024 · 4.8%
Interest coverage
12.12▲
2024 · 10.51
Debt ≤ 1 year
€87,897▲
2024 · €84,781
Debt > 1 year
€463,290▼
2024 · €495,724
Income taxes
€17,628▲
2024 · €16,396
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €113,621 | €2,407 | €67,599 | €49,452 |
| Depreciation and write-downs of the year | €32,572 | €34,896 | €37,182 | €44,765 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €576 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,441 | €50,788 | €44,577 | €32,572 | €34,896 | €37,182 | €44,765 | ▲ 20.4% |
| Other operating charges640/8 | - | - | - | €890 | €348 | €960 | €968 | ▲ 0.8% |
| Non-recurring operating charges66A | - | - | - | €292 | - | - | €309 | - |
| Gross operating margin9900 | €19,269 | €36,940 | €257,665 | €157,185 | €78,532 | €111,196 | €120,579 | ▲ 8.4% |
| Operating profit (loss)9901 | -€520 | -€14,195 | €212,651 | €123,431 | €43,289 | €73,054 | €74,537 | ▲ 2.0% |
| Financial income75/76B | - | - | - | - | - | - | €1 | - |
| Recurring financial income75 | - | - | - | - | - | - | €1 | - |
| Financial charges65/66B | - | - | - | €11,732 | €11,109 | €10,493 | €9,847 | ▼ 6.2% |
| Recurring financial charges65 | €3,361 | €6,742 | €19,011 | €11,732 | €11,109 | €10,493 | €9,847 | ▼ 6.2% |
| Profit (loss) for the period before taxes9903 | -€3,880 | -€20,937 | €193,640 | €111,698 | €32,180 | €62,561 | €64,691 | ▲ 3.4% |
| Income taxes67/77 | - | - | €45,055 | €29,787 | €8,588 | €16,396 | €17,628 | ▲ 7.5% |
| Profit (loss) for the period9904 | -€3,880 | -€20,937 | €148,585 | €81,912 | €23,592 | €46,165 | €47,062 | ▲ 1.9% |
| Profit (loss) for the period to be appropriated9905 | -€3,880 | -€20,937 | €148,585 | €81,912 | €23,592 | €46,165 | €47,062 | ▲ 1.9% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €300,333 | €621,122 | €967,239 | €998,533 | €943,104 | €966,462 | €983,656 | ▲ 1.8% |
| Formation expenses20 | - | - | €17,709 | €17,709 | €17,709 | €17,709 | €17,709 | = |
| Fixed assets21/28 | €262,655 | €596,068 | €787,729 | €866,221 | €833,731 | €864,148 | €868,835 | ▲ 0.5% |
| Intangible fixed assets21 | €21,160 | €13,459 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €241,495 | €582,608 | €787,679 | €866,171 | €833,681 | €864,098 | €868,785 | ▲ 0.5% |
| Land and buildings22 | - | - | - | €709,671 | €692,256 | €674,840 | €657,424 | ▼ 2.6% |
| Other tangible fixed assets26 | - | - | - | €156,500 | €141,426 | €189,258 | €211,361 | ▲ 11.7% |
| Financial fixed assets28 | - | - | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €37,678 | €25,054 | €161,801 | €114,603 | €91,663 | €84,604 | €97,111 | ▲ 14.8% |
| Amounts receivable within one year40/41 | - | €17,000 | €15,219 | €8,993 | €3,427 | €47,992 | €16,622 | ▼ 65.4% |
| Trade receivables40 | - | - | - | - | - | €31,370 | - | - |
| Other amounts receivable41 | - | - | - | €8,993 | €3,427 | €16,622 | €16,622 | = |
| Cash at bank and in hand54/58 | €37,678 | €8,054 | €145,180 | €104,093 | €84,604 | €34,547 | €71,999 | ▲ 108% |
| Deferred charges and accrued income490/1 | - | - | - | €1,518 | €3,632 | €2,064 | €8,490 | ▲ 311% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €300,333 | €621,122 | €967,239 | €998,533 | €943,104 | €966,462 | €983,656 | ▲ 1.8% |
| Equity10/15 | €16,120 | €84,183 | €232,768 | €314,680 | €338,272 | €384,437 | €431,499 | ▲ 12.2% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Revaluation surpluses12 | - | - | - | €89,000 | €89,000 | €89,000 | €89,000 | = |
| Profit (loss) carried forward14 | -€3,880 | -€24,817 | €123,768 | €205,680 | €229,272 | €275,437 | €322,499 | ▲ 17.1% |
| Amounts payable17/49 | €284,213 | €536,939 | €734,471 | €683,853 | €604,832 | €582,025 | €552,157 | ▼ 5.1% |
| Amounts payable after more than one year17 | €231,599 | €470,992 | €588,027 | €559,992 | €527,263 | €495,724 | €463,290 | ▼ 6.5% |
| Financial debts170/4 | - | - | - | €551,742 | €519,013 | €486,034 | €452,800 | ▼ 6.8% |
| Advances received on contracts in progress176 | - | - | - | - | - | - | €2,700 | - |
| Other amounts payable178/9 | - | - | - | €8,250 | €8,250 | €9,690 | €7,790 | ▼ 19.6% |
| Amounts payable within one year42/48 | €52,615 | €65,947 | €142,770 | €121,934 | €72,557 | €84,781 | €87,897 | ▲ 3.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €32,485 | €32,729 | €32,979 | €33,234 | ▲ 0.8% |
| Trade debts44 | €528 | €326 | €27,492 | €29,205 | €264 | €14,549 | €11,906 | ▼ 18.2% |
| Suppliers440/4 | - | - | - | €29,205 | €264 | €14,549 | €11,906 | ▼ 18.2% |
| Taxes, remuneration and social security45 | - | - | - | €29,787 | €8,588 | €11,396 | €17,628 | ▲ 54.7% |
| Taxes450/3 | - | - | - | €29,787 | €8,588 | €11,396 | €17,628 | ▲ 54.7% |
| Other amounts payable47/48 | - | - | - | €30,457 | €30,977 | €25,858 | €25,129 | ▼ 2.8% |
| Accrued charges and deferred income492/3 | - | - | - | €1,928 | €5,012 | €1,520 | €970 | ▼ 36.2% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,880 | -€20,937 | €148,585 | €81,912 | €23,592 | €46,165 | €47,062 | ▲ 1.9% |
| + Depreciation and write-downs630 | €19,441 | €50,788 | €44,577 | €32,572 | €34,896 | €37,182 | €44,765 | ▲ 20.4% |
| Operating cash flow (approximation) | €15,561 | €29,851 | €193,162 | €114,484 | €58,488 | €83,347 | €91,827 | ▲ 10.2% |
| Investment in fixed assets (approximation) | - | -€384,200 | - | -€111,064 | -€2,407 | -€67,599 | -€49,452 | ▲ 26.8% |
| Change in cash | - | -€29,623 | - | -€41,088 | -€19,488 | -€50,057 | €37,452 | - |
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, 1,639 companies had the same profile as SAMIMMO has now. Two years later, 95.5% were still going and 0.5% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.5%
was still going
3.7%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SAMIMMO itself: 0.1% 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 1,639 companies, not a prediction for SAMIMMO. 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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00019908 | |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00021260 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00016100 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00013754 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-04000488 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-47200372 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-57000120 |