SAMIR
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 11-12-2025 PDF all 15 filings
Turnover
≈ €20,000
Estimated: probably between €10,000 and €35,000
Total assets
€7,743▼ 7.5%
2024 · €8,371
Net result
€524▲ 83.9%
2024 · €285
Working capital
-€4,761▼ 167%
2024 · -€1,785
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€674
▲ 28.1%
2025
20192025
Net result
€524
▲ 83.9%
2025
middle half of the sector
20192025
Equity
-€16,476
▲ 3.1%
2025
lowest quarter of the sector
20192025
Total assets
€7,743
▼ 7.5%
2025
lowest quarter of the sector
20192025
Debt
€24,219
▼ 4.5%
2025
20192025
Working capital
-€4,761
▼ 167%
2025
middle half of the sector
20192025
Solvency
-212.8%
▼ 9.7pp
2025
lowest quarter of the sector
20192025
Current ratio
0.62
▼ 0.21
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
6.8%
▲ 3.4pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€209--€2,746▼ 1,214%-€458▲ 83.3%€519€700▲ 34.9%€526▼ 24.9%€674▲ 28.1%
Net result-€397--€2,909below the sector's middle half▼ 633%-€735within the sector's middle half▲ 74.7%€220within the sector's middle half€230within the sector's middle half▲ 4.5%€285within the sector's middle half▲ 23.9%€524within the sector's middle half▲ 83.9%
Equity-€14,092--€17,001below the sector's middle half▼ 20.6%-€17,736below the sector's middle half▼ 4.3%-€17,516below the sector's middle half▲ 1.2%-€17,285below the sector's middle half▲ 1.3%-€17,000below the sector's middle half▲ 1.6%-€16,476below the sector's middle half▲ 3.1%
Total assets€18,899-€10,121below the sector's middle half▼ 46.4%€8,541below the sector's middle half▼ 15.6%€5,686below the sector's middle half▼ 33.4%€9,002below the sector's middle half▲ 58.3%€8,371below the sector's middle half▼ 7.0%€7,743below the sector's middle half▼ 7.5%
Debt€32,991-€27,122▼ 17.8%€26,277▼ 3.1%€23,202▼ 11.7%€26,287▲ 13.3%€25,371▼ 3.5%€24,219▼ 4.5%
Working capital-€14,137--€17,046below the sector's middle half▼ 20.6%-€17,781below the sector's middle half▼ 4.3%-€17,561below the sector's middle half▲ 1.2%-€17,330below the sector's middle half▲ 1.3%-€1,785within the sector's middle half▲ 89.7%-€4,761within the sector's middle half▼ 167%
Solvency-74.6%--168.0%below the sector's middle half▼ 93.4pp-207.7%below the sector's middle half▼ 39.7pp-308.1%below the sector's middle half▼ 100.4pp-192.0%below the sector's middle half▲ 116.0pp-203.1%below the sector's middle half▼ 11.1pp-212.8%below the sector's middle half▼ 9.7pp
Current ratio0.57-0.37below the sector's middle half▼ 0.200.32below the sector's middle half▼ 0.050.24below the sector's middle half▼ 0.080.34below the sector's middle half▲ 0.100.82below the sector's middle half▲ 0.480.62below the sector's middle half▼ 0.21
Return on assets (ROA)-2.1%--28.7%below the sector's middle half▼ 26.6pp-8.6%below the sector's middle half▲ 20.1pp3.9%within the sector's middle half▲ 12.5pp2.6%within the sector's middle half▼ 1.3pp3.4%within the sector's middle half▲ 0.8pp6.8%within the sector's middle half▲ 3.4pp
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 28% higher than in 2024. It is a recovery after the fall in 2024.
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 €7,743
Fixed assets
€45 =
Current assets
€7,698 ▼ 7.5%
Equity and liabilities
Equity-€16,476
Debt€24,219
Equity is negative. Debt (€24,219) exceeds the balance-sheet total (€7,743).
Key figures and ratios
Quick ratio
0.15▼
2024 · 0.17
Debt ≤ 1 year
€12,459▲
2024 · €10,111
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - | - | - |
| Gross operating margin9900 | -€209 | -€2,746 | -€458 | €519 | €700 | €526 | €674 | ▲ 28.1% |
| Operating profit (loss)9901 | -€209 | -€2,746 | -€458 | €519 | €700 | €526 | €674 | ▲ 28.1% |
| Financial charges65/66B | - | - | - | €299 | €470 | €241 | €150 | ▼ 37.8% |
| Recurring financial charges65 | €188 | €163 | €277 | €299 | €470 | €241 | €150 | ▼ 37.8% |
| Non-recurring financial charges66B | - | - | - | €299 | €470 | €241 | €150 | ▼ 37.8% |
| Profit (loss) for the period before taxes9903 | -€397 | -€2,909 | -€735 | €220 | €230 | €285 | €524 | ▲ 83.9% |
| Profit (loss) for the period9904 | -€397 | -€2,909 | -€735 | €220 | €230 | €285 | €524 | ▲ 83.9% |
| Profit (loss) for the period to be appropriated9905 | -€397 | -€2,909 | -€735 | €220 | €230 | €285 | €524 | ▲ 83.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €18,899 | €10,121 | €8,541 | €5,686 | €9,002 | €8,371 | €7,743 | ▼ 7.5% |
| Fixed assets21/28 | €45 | €45 | €45 | €45 | €45 | €45 | €45 | = |
| Financial fixed assets28 | €45 | €45 | €45 | €45 | €45 | €45 | €45 | = |
| Current assets29/58 | €18,854 | €10,076 | €8,496 | €5,641 | €8,957 | €8,326 | €7,698 | ▼ 7.5% |
| Stocks and contracts in progress3 | €4,251 | €8,501 | €6,975 | €4,125 | €7,103 | €6,580 | €5,810 | ▼ 11.7% |
| Stocks30/36 | - | - | - | €4,125 | €7,103 | €6,580 | €5,810 | ▼ 11.7% |
| Amounts receivable within one year40/41 | €12,920 | €500 | €500 | €500 | €450 | €450 | €450 | = |
| Trade receivables40 | - | - | - | €500 | €450 | €450 | €450 | = |
| Cash at bank and in hand54/58 | €1,683 | €1,075 | €1,021 | €1,016 | €1,404 | €1,296 | €1,438 | ▲ 11.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €18,899 | €10,121 | €8,541 | €5,686 | €9,002 | €8,371 | €7,743 | ▼ 7.5% |
| Equity10/15 | -€14,092 | -€17,001 | -€17,736 | -€17,516 | -€17,285 | -€17,000 | -€16,476 | ▲ 3.1% |
| Contributions10/11 | €8,125 | €8,125 | €8,125 | €8,125 | €8,125 | €8,125 | €8,125 | = |
| Capital10 | - | - | - | €8,125 | €8,125 | €8,125 | €8,125 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | - | €10,475 | €10,475 | €10,475 | €10,475 | = |
| Profit (loss) carried forward14 | -€22,217 | -€25,126 | -€25,861 | -€25,641 | -€25,410 | -€25,125 | -€24,601 | ▲ 2.1% |
| Amounts payable17/49 | €32,991 | €27,122 | €26,277 | €23,202 | €26,287 | €25,371 | €24,219 | ▼ 4.5% |
| Amounts payable within one year42/48 | €32,991 | €27,122 | €26,277 | €23,202 | €26,287 | €10,111 | €12,459 | ▲ 23.2% |
| Trade debts44 | €18,593 | €8,762 | €7,850 | €7,133 | €10,159 | €9,941 | €11,447 | ▲ 15.1% |
| Suppliers440/4 | - | - | - | €7,133 | €10,159 | €9,941 | €11,447 | ▲ 15.1% |
| Taxes, remuneration and social security45 | - | - | - | €264 | €367 | €170 | €1,012 | ▲ 495% |
| Taxes450/3 | - | - | - | €264 | €367 | €170 | €1,012 | ▲ 495% |
| Other amounts payable47/48 | - | - | - | €15,805 | €15,761 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €15,260 | €11,760 | ▼ 22.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€397 | -€2,909 | -€735 | €220 | €230 | €285 | €524 | ▲ 83.9% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€397 | -€2,909 | -€735 | €220 | €230 | €285 | €524 | ▲ 83.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€608 | -€54 | -€5 | €388 | -€108 | €142 | - |
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, 3,632 companies had the same profile as SAMIR has now. Two years later, 91.8% were still going and 2.9% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
91.8%
was still going
4.8%
stopped otherwise
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SAMIR itself is lower: 0.4% within 12 months. It rests on far more data about SAMIR than the profile alone.
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 3,632 companies, not a prediction for SAMIR. 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 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 11-12-2025 | 2025-00580104 | |
| 30-06-2024 | micro format | 06-01-2025 | 2025-00630808 | |
| 30-06-2023 | micro format | 31-12-2023 | 2023-00540534 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00014510 | |
| 30-06-2021 | micro format | 09-01-2022 | 2022-00600104 | |
| 30-06-2020 | micro format | 20-02-2021 | 2021-05900056 | |
| 30-06-2019 | micro format | 03-02-2020 | 2020-04400576 | |
| 30-06-2018 | micro format | 25-02-2019 | 2019-05700444 | |
| 30-06-2017 | micro format | 21-12-2017 | 2017-72800352 | |
| 30-06-2016 | full format | 31-12-2016 | 2016-72300508 |