ACTIVE

SAM

Financial year 2025 · closed on 31/12/2025
Net result
21 k €
+20.6% YoY
Gross margin
59,7 k €
+26.8% YoY
Equity
61,1 k €
+52.2% YoY

What does SAM do?

SAM is a Cooperative company with limited liability incorporated in 1989. Its registered office is in Liège.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0437.267.882
Incorporation
21/04/1989
Legal form
Cooperative company with limited liability
Registered office
Rue Delfosse 5
4000 Liège · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Signals
ProfitablePositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin59,7 k €47,1 k €30,7 k €27,4 k €30 k €29,5 k €21 k €-2,2 k €10,1 k €16 k €573 €9,4 k €-1,1 k €-2,9 k €434 €2,5 k €-6,3 k €8 k €12,3 k €21,5 k €
EBITDA55,2 k €42,9 k €26,7 k €21,7 k €25,2 k €26,6 k €19,7 k €-7,6 k €5,4 k €14,9 k €-409,6 €8,1 k €-2,2 k €-3,9 k €-343 €1,7 k €-7,2 k €6,5 k €10,5 k €17,2 k €
Operating result33,9 k €23,5 k €7,3 k €2,1 k €5,2 k €12,2 k €17,9 k €-14,8 k €-1,4 k €11,2 k €-409,6 €7,9 k €-2,5 k €-4,4 k €-4,1 k €-2,1 k €-11,1 k €2,4 k €6,6 k €15 k €
Net result21 k €17,4 k €1,1 k €-4,6 k €-1,6 k €6,2 k €17,2 k €-14,8 k €-1,5 k €10,9 k €-4,1 k €7 k €-3,3 k €-7,5 k €-5,3 k €-2,4 k €-11,1 k €671 €3,8 k €9,4 k €
Balance sheet
Equity61,1 k €40,2 k €22,8 k €21,7 k €26,3 k €27,8 k €21,6 k €4,4 k €19,3 k €20,7 k €9,8 k €13,9 k €7 k €10,3 k €17,7 k €23,1 k €25,5 k €36,6 k €35,9 k €32,1 k €
Total assets384,7 k €380,3 k €383,8 k €402,2 k €429 k €450,1 k €94,3 k €18,6 k €31,1 k €34,6 k €26,4 k €23,3 k €16,2 k €15,5 k €23,5 k €37,7 k €42,9 k €53 k €51 k €52,5 k €
Cash19,8 k €13,3 k €4,5 k €2 k €14,4 k €12,4 k €80,8 k €4,8 k €3,7 k €11 k €15,4 k €13,7 k €5,7 k €8,6 k €13,3 k €18,9 k €4,8 k €34,6 k €25,4 k €21,7 k €
Debts323,5 k €340,1 k €360,6 k €380,5 k €402,7 k €422,3 k €72,7 k €14,2 k €11,9 k €13,8 k €16,6 k €9,4 k €9 k €5,3 k €5,7 k €14,4 k €16,2 k €14,9 k €14,3 k €19,6 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

CHRISTELLE VERMAELE

Mandate

Active

Ended mandates

Anne WAGNEUR

Director · since 28 juin 2014 · until 28 juin 2020

Ended
Anne WAGNEUR

Director · since 15 février 2014 · until 27 juin 2020

Ended
Anne WAGNEUR

Director · since 16 février 2008 · until 15 février 2014

Ended
Martial D'HULST

Managing director · since 16 février 2008 · until 15 février 2014

Ended
At this address

Other companies at this address

CompanyCBE no.
0439.160.966
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/08/202629/07/202508/07/202411/08/202327/07/202217/08/2021
General meeting30/06/202628/06/202529/06/202430/06/202325/06/202226/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202615/08/2026FrenchPDF
Micro model31/12/202428/06/202529/07/2025FrenchPDF
Micro model31/12/202329/06/202408/07/2024FrenchPDF
Micro model31/12/202230/06/202311/08/2023FrenchPDF
Micro model31/12/202125/06/202227/07/2022FrenchPDF
Micro model31/12/202026/06/202117/08/2021FrenchPDF
Micro model31/12/201927/06/202029/07/2020FrenchPDF
Micro model31/12/201829/06/201930/08/2019FrenchPDF
Micro model31/12/201730/06/201829/08/2018FrenchPDF
Micro model31/12/201624/06/201729/08/2017FrenchPDF
Abridged model31/12/201525/06/201626/08/2016FrenchPDF
Abridged model31/12/201427/06/201524/08/2015FrenchPDF
Abridged model31/12/201328/06/201429/08/2014FrenchPDF
Abridged model31/12/201229/06/201330/08/2013FrenchPDF
Abridged model31/12/201130/06/201229/08/2012FrenchPDF
Abridged model31/12/201025/06/201118/07/2011FrenchPDF
Abridged model31/12/200926/06/201019/07/2010FrenchPDF
Abridged model31/12/200827/06/200913/07/2009FrenchPDF
Abridged model31/12/200728/06/200813/08/2008FrenchPDF
Abridged model31/12/200623/06/200727/07/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

CHRISTELLE VERMAELE

Mandate

Active

Ended mandates

Anne WAGNEUR

Director · since 28 juin 2014 · until 28 juin 2020

Ended
Anne WAGNEUR

Director · since 15 février 2014 · until 27 juin 2020

Ended
Anne WAGNEUR

Director · since 16 février 2008 · until 15 février 2014

Ended
Martial D'HULST

Managing director · since 16 février 2008 · until 15 février 2014

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/11/2023
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office06/11/2017
    SIEGE SOCIAL
    PDF
  • Mandates10/12/2015
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/02/2015
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office26/05/2014
    SIEGE SOCIAL
    PDF
  • Mandates17/03/2008
    SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202521 k €
  2. 2024
    Annual accounts 202417,4 k €
  3. 2023
    Annual accounts 20231,1 k €
  4. 2022
    Annual accounts 2022-4,6 k €
  5. 2021
    Annual accounts 2021-1,6 k €
  6. 2020
    Annual accounts 20206,2 k €
  7. 2019
    Annual accounts 201917,2 k €
  8. 2018
    Annual accounts 2018-14,8 k €
  9. 2017
    Annual accounts 2017-1,5 k €
  10. 2016
    Annual accounts 201610,9 k €
  11. 2015
    Annual accounts 2015-4,1 k €
  12. 2014
    Annual accounts 20147 k €
  13. 2013
    Annual accounts 2013-3,3 k €
  14. 2012
    Annual accounts 2012-7,5 k €
  15. 2011
    Annual accounts 2011-5,3 k €
  16. 2010
    Annual accounts 2010-2,4 k €
  17. 2009
    Annual accounts 2009-11,1 k €
  18. 2008
    Annual accounts 2008671 €
  19. 2007
    Annual accounts 20073,8 k €
  20. 2006
    Annual accounts 20069,4 k €
  21. 21/04/1989
    IncorporationCooperative company with limited liability