SAMSUFFIT
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 2 days after the deadline Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00027321.
Annual accounts 2025 filed on 02-02-2026 PDF all 19 filings
Turnover
≈ €440,000
Estimated: probably between €340,000 and €560,000
Total assets
€609,256▲ 21.5%
2024 · €501,516
Net result
€90,473▲ 35.6%
2024 · €66,736
Working capital
€322,309▲ 11.1%
2024 · €290,079
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€128,955
▲ 33.8%
2025
20192025
Net result
€90,473
▲ 35.6%
2025
highest quarter of the sector
20192025
Equity
€377,288
▲ 30.4%
2025
highest quarter of the sector
20192025
Total assets
€609,256
▲ 21.5%
2025
highest quarter of the sector
20192025
Debt
€231,967
▲ 9.3%
2025
20192025
Working capital
€322,309
▲ 11.1%
2025
highest quarter of the sector
20192025
Solvency
61.9%
▲ 4.2pp
2025
middle half of the sector
20192025
Current ratio
2.64
▼ 0.10
2025
middle half of the sector
20192025
Return on assets (ROA)
14.8%
▲ 1.5pp
2025
middle half of the sector
20192025
Staff (FTE)
1
=
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€84,901--€25,877€128,273€100,787▼ 21.4%€25,589▼ 74.6%€96,349▲ 277%€128,955▲ 33.8%
Net result€61,866--€32,885below the sector's middle half€83,395above the sector's middle half€68,759above the sector's middle half▼ 17.5%€16,838within the sector's middle half▼ 75.5%€66,736above the sector's middle half▲ 296%€90,473above the sector's middle half▲ 35.6%
Equity€181,078-€148,193above the sector's middle half▼ 18.2%€231,588above the sector's middle half▲ 56.3%€300,348above the sector's middle half▲ 29.7%€317,185above the sector's middle half▲ 5.6%€289,315above the sector's middle half▼ 8.8%€377,288above the sector's middle half▲ 30.4%
Total assets€426,840-€344,839above the sector's middle half▼ 19.2%€447,811above the sector's middle half▲ 29.9%€458,682above the sector's middle half▲ 2.4%€505,166above the sector's middle half▲ 10.1%€501,516above the sector's middle half▼ 0.7%€609,256above the sector's middle half▲ 21.5%
Debt€245,762-€196,646▼ 20.0%€216,222▲ 10.0%€158,334▼ 26.8%€187,981▲ 18.7%€212,201▲ 12.9%€231,967▲ 9.3%
Working capital€178,422-€157,034above the sector's middle half▼ 12.0%€245,089above the sector's middle half▲ 56.1%€325,023above the sector's middle half▲ 32.6%€331,136above the sector's middle half▲ 1.9%€290,079above the sector's middle half▼ 12.4%€322,309above the sector's middle half▲ 11.1%
Solvency42.4%-43.0%within the sector's middle half▲ 0.6pp51.7%within the sector's middle half▲ 8.7pp65.5%within the sector's middle half▲ 13.8pp62.8%within the sector's middle half▼ 2.7pp57.7%within the sector's middle half▼ 5.1pp61.9%within the sector's middle half▲ 4.2pp
Current ratio3.03-3.24within the sector's middle half▲ 0.213.11within the sector's middle half▼ 0.134.97above the sector's middle half▲ 1.863.57within the sector's middle half▼ 1.402.74within the sector's middle half▼ 0.822.64within the sector's middle half▼ 0.10
Return on assets (ROA)14.5%--9.5%below the sector's middle half▼ 24.0pp18.6%within the sector's middle half▲ 28.2pp15.0%within the sector's middle half▼ 3.6pp3.3%within the sector's middle half▼ 11.7pp13.3%within the sector's middle half▲ 10.0pp14.8%within the sector's middle half▲ 1.5pp
Staff (FTE)1-1.5within the sector's middle half▲ 50.0%1▼ 33.3%1=1=1=1=
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). 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 34% higher than in 2024 and the highest since 2021. 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 €609,256
Fixed assets
€90,979 ▲ 102%
Current assets
€518,277 ▲ 13.5%
Equity and liabilities €609,256
Equity
€377,288 ▲ 30.4%
Debt
€231,967 ▲ 9.3%
Debt's share of the balance-sheet total falls from 42.3% to 38.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€152,227▲
2024 · €110,926
Cash flow
€113,744▲
2024 · €81,313
Debt to equity
0.61▼
2024 · 0.73
ROE
24.0%▲
2024 · 23.1%
Interest coverage
37.97▲
2024 · 26.35
Debt ≤ 1 year
€195,967▲
2024 · €166,396
Debt > 1 year
€36,000▼
2024 · €45,804
Income taxes
€35,576▲
2024 · €26,024
Staff costs
€43,905▲
2024 · €35,957
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Carrying value of the other pledged assets | €23,517 | €968 | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €2,100 | €33,664 | €14,556 | €69,210 |
| Depreciation and write-downs of the year | €37,075 | €40,371 | €14,577 | €23,271 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €36,141 | €39,685 | €35,957 | €43,905 | ▲ 22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60,148 | €51,928 | €39,545 | €37,075 | €40,371 | €14,577 | €23,271 | ▲ 59.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €2,521 | - | €1,122 | - |
| Other operating charges640/8 | - | - | - | €4,994 | €14,003 | €46,733 | €20,706 | ▼ 55.7% |
| Gross operating margin9900 | €211,050 | €70,977 | €219,789 | €178,998 | €122,168 | €193,615 | €217,959 | ▲ 12.6% |
| Operating profit (loss)9901 | €84,901 | -€25,877 | €128,273 | €100,787 | €25,589 | €96,349 | €128,955 | ▲ 33.8% |
| Financial income75/76B | - | - | - | €108 | €690 | €621 | €1,104 | ▲ 77.6% |
| Recurring financial income75 | €201 | €77 | €513 | €108 | €690 | €621 | €1,104 | ▲ 77.6% |
| Financial charges65/66B | - | - | - | €4,178 | €2,970 | €4,210 | €4,010 | ▼ 4.8% |
| Recurring financial charges65 | €4,826 | €4,033 | €3,439 | €4,178 | €2,970 | €4,210 | €4,010 | ▼ 4.8% |
| Profit (loss) for the period before taxes9903 | €81,284 | -€32,207 | €125,347 | €96,718 | €23,309 | €92,760 | €126,049 | ▲ 35.9% |
| Income taxes67/77 | €19,418 | €678 | €41,952 | €27,958 | €6,471 | €26,024 | €35,576 | ▲ 36.7% |
| Profit (loss) for the period9904 | €61,866 | -€32,885 | €83,395 | €68,759 | €16,838 | €66,736 | €90,473 | ▲ 35.6% |
| Profit (loss) for the period to be appropriated9905 | €61,866 | -€32,885 | €83,395 | €68,759 | €16,838 | €66,736 | €90,473 | ▲ 35.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €426,840 | €344,839 | €447,811 | €458,682 | €505,166 | €501,516 | €609,256 | ▲ 21.5% |
| Fixed assets21/28 | €160,598 | €117,694 | €86,743 | €51,768 | €45,062 | €45,041 | €90,979 | ▲ 102% |
| Tangible fixed assets22/27 | €160,048 | €117,144 | €86,193 | €51,218 | €44,512 | €44,491 | €90,429 | ▲ 103% |
| Plant, machinery and equipment23 | - | - | - | €31,357 | €20,528 | €24,340 | €64,419 | ▲ 165% |
| Furniture and vehicles24 | - | - | - | €3,440 | €15,487 | €15,503 | €21,047 | ▲ 35.8% |
| Leasing and similar rights25 | - | - | - | €5,617 | €968 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €10,805 | €7,528 | €4,648 | €4,963 | ▲ 6.8% |
| Financial fixed assets28 | €550 | €550 | €550 | €550 | €550 | €550 | €550 | = |
| Current assets29/58 | €266,242 | €227,145 | €361,068 | €406,914 | €460,104 | €456,475 | €518,277 | ▲ 13.5% |
| Amounts receivable within one year40/41 | €180,914 | €145,645 | €219,266 | €167,741 | €214,640 | €121,224 | €164,536 | ▲ 35.7% |
| Trade receivables40 | - | - | - | €166,913 | €208,195 | €114,876 | €163,751 | ▲ 42.5% |
| Other amounts receivable41 | - | - | - | €828 | €6,445 | €6,348 | €785 | ▼ 87.6% |
| Cash at bank and in hand54/58 | €78,585 | €76,378 | €140,909 | €229,435 | €235,534 | €325,479 | €345,893 | ▲ 6.3% |
| Deferred charges and accrued income490/1 | - | - | - | €9,739 | €9,930 | €9,772 | €7,848 | ▼ 19.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €426,840 | €344,839 | €447,811 | €458,682 | €505,166 | €501,516 | €609,256 | ▲ 21.5% |
| Equity10/15 | €181,078 | €148,193 | €231,588 | €300,348 | €317,185 | €289,315 | €377,288 | ▲ 30.4% |
| Contributions10/11 | €10,000 | €10,000 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €171,078 | €171,078 | €221,588 | €290,348 | €307,185 | €279,315 | €367,288 | ▲ 31.5% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | - | - | - |
| Distributable reserves133 | - | - | - | €288,493 | €305,330 | €279,315 | €367,288 | ▲ 31.5% |
| Profit (loss) carried forward14 | - | -€32,885 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €245,762 | €196,646 | €216,222 | €158,334 | €187,981 | €212,201 | €231,967 | ▲ 9.3% |
| Amounts payable after more than one year17 | €157,942 | €126,535 | €100,244 | €76,444 | €58,692 | €45,804 | €36,000 | ▼ 21.4% |
| Financial debts170/4 | - | - | - | €76,444 | €58,692 | €45,804 | €36,000 | ▼ 21.4% |
| Amounts payable within one year42/48 | €87,819 | €70,111 | €115,978 | €81,891 | €128,969 | €166,396 | €195,967 | ▲ 17.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €23,801 | €17,752 | €12,887 | €9,804 | ▼ 23.9% |
| Trade debts44 | €23,983 | €21,585 | €45,014 | €13,371 | €82,341 | €30,090 | €54,605 | ▲ 81.5% |
| Suppliers440/4 | - | - | - | €13,371 | €82,341 | €30,090 | €54,605 | ▲ 81.5% |
| Taxes, remuneration and social security45 | - | - | - | €44,719 | €28,876 | €33,513 | €39,134 | ▲ 16.8% |
| Taxes450/3 | - | - | - | €39,719 | €14,835 | €28,531 | €24,160 | ▼ 15.3% |
| Remuneration and social security454/9 | - | - | - | €5,001 | €14,041 | €4,982 | €14,974 | ▲ 201% |
| Other amounts payable47/48 | - | - | - | - | - | €89,906 | €92,424 | ▲ 2.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €320 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,866 | -€32,885 | €83,395 | €68,759 | €16,838 | €66,736 | €90,473 | ▲ 35.6% |
| + Depreciation and write-downs630 | €60,148 | €51,928 | €39,545 | €37,075 | €40,371 | €14,577 | €23,271 | ▲ 59.6% |
| Operating cash flow (approximation) | €122,014 | €19,043 | €122,941 | €105,835 | €57,208 | €81,313 | €113,744 | ▲ 39.9% |
| Investment in fixed assets (approximation) | - | -€9,024 | -€8,594 | -€2,100 | -€33,664 | -€14,556 | -€69,210 | ▼ 375% |
| Change in cash | - | -€2,207 | €64,531 | €88,526 | €6,100 | €89,945 | €20,414 | ▼ 77.3% |
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, 31,368 companies had the same profile as SAMSUFFIT has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SAMSUFFIT 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 31,368 companies, not a prediction for SAMSUFFIT. 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 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 02-02-2026 | 2026-00027321 | |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00019647 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00018086 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00014485 | |
| 30-06-2021 | micro format | 01-02-2022 | 2022-04200312 | |
| 30-06-2020 | micro format | 01-02-2021 | 2021-03800542 | |
| 30-06-2019 | micro format | 03-02-2020 | 2020-04000561 | |
| 30-06-2018 | micro format | 30-01-2019 | 2019-03100010 | |
| 30-06-2017 | micro format | 10-01-2018 | 2018-00800364 | |
| 30-06-2016 | abbreviated format | 29-12-2016 | 2016-71900184 |