SAMAYA DEVELOPMENT
ActiveSummary
SAMAYA DEVELOPMENT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-1.63M) and a net result of €-681k. Equity is shrinking by ~81.9% per year across the filed fiscal years. Its solvency ranks better than 8% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability15▼-2
Solvency4▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 0.88 in 2023; short-term debt: 121.1% and cash: 1.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-21.1%
Return on assets
-8.8%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-1.63M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
30 d early
2022
34 d early
2021
26 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-681k▼ 19.0%
2023 · €-572k
2021: €-187khighest in 4 years
2022: €-291k▼ -55.8% vs 2021
2023: €-572k▼ -96.9% vs 2022
2024: €-681k▼ -19.0% vs 2023lowest in 4 years
2021 → 2024
Working capital
€-1.63M▼ 71.7%
2023 · €-950k
2021: €-87khighest in 4 years
2022: €-377k▼ -336% vs 2021
2023: €-950k▼ -152% vs 2022
2024: €-1.63M▼ -71.7% vs 2023lowest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€-87k-€-377k▼ 336%€-950k▼ 152%€-1.63M▼ 71.7%
2021: €-87khighest in 4 years
2022: €-377k▼ -336% vs 2021
2023: €-950k▼ -152% vs 2022
2024: €-1.63M▼ -71.7% vs 2023lowest in 4 years
Operating result€-124k-€-22k▲ 82.4%€-48k▼ 120%€-26k▲ 46.1%
2021: €-124klowest in 4 years
2022: €-22k▲ +82.4% vs 2021highest in 4 years
2023: €-48k▼ -120% vs 2022
2024: €-26k▲ +46.1% vs 2023
Net result€-187k-€-291k▼ 55.8%€-572k▼ 96.9%€-681k▼ 19.0%
2021: €-187khighest in 4 years
2022: €-291k▼ -55.8% vs 2021
2023: €-572k▼ -96.9% vs 2022
2024: €-681k▼ -19.0% vs 2023lowest in 4 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26k in 2024 against €48k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.72M
Fixed assets
€1 =
Current assets
€7.72M ▲ 12.0%
Key figures and ratios
Solvency
-21.1%▼
2023 · -13.8%
Current ratio
0.83▼
2023 · 0.88
Quick ratio
0.02▲
2023 · 0.02
Debt to equity
-5.74▲
2023 · -8.26
ROA
-8.8%▼
2023 · -8.3%
Debt
€9.36M▲
2023 · €7.84M
Debt ≤ 1 year
€9.36M▲
2023 · €7.84M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 32 lines
Balance sheet
Code20232024
Assets
Total assets20/58€6.89M€7.72M▲
Fixed assets21/28€1€1=
Financial fixed assets28€1€1=
Current assets29/58€6.89M€7.72M▲
Stocks and contracts in progress3€6.77M€7.52M▲
Stocks30/36€6.77M€7.52M▲
Amounts receivable within one year40/41€100k€96k▼
Trade receivables40€73k€73k=
Other amounts receivable41€27k€24k▼
Cash at bank and in hand54/58€22k€108k▲
Equity and liabilities
Total equity and liabilities10/49€6.89M€7.72M▲
Equity10/15€-950k€-1.63M▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Profit (loss) carried forward14€-1.05M€-1.73M▼
Amounts payable17/49€7.84M€9.36M▲
Amounts payable within one year42/48€7.84M€9.36M▲
Financial debts43€7.74M€9.20M▲
Other loans439€7.74M€9.20M▲
Trade debts44€105k€152k▲
Suppliers440/4€105k€152k▲
Income statement
Code20232024
Other operating charges640/8€3k€5k▲
Gross operating margin9900€-45k€-21k▲
Operating profit (loss)9901€-48k€-26k▲
Financial charges65/66B€524k€655k▲
Recurring financial charges65€524k€655k▲
Profit (loss) for the period before taxes9903€-572k€-681k▼
Profit (loss) for the period9904€-572k€-681k▼
Profit (loss) for the period to be appropriated9905€-572k€-681k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.05M€-1.73M▼
Profit (loss) brought forward from the previous period14P€-477k€-1.05M▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €110k | - | - | - | - |
| Other operating charges640/8 | €14k | €2k | €3k | €5k | ▲ 60.4% |
| Gross operating margin9900 | €-110k | €-19k | €-45k | €-21k | ▲ 53.0% |
| Operating profit (loss)9901 | €-124k | €-22k | €-48k | €-26k | ▲ 46.1% |
| Financial charges65/66B | €63k | €269k | €524k | €655k | ▲ 24.9% |
| Recurring financial charges65 | €63k | €269k | €524k | €655k | ▲ 24.9% |
| Profit (loss) for the period before taxes9903 | €-187k | €-291k | €-572k | €-681k | ▼ 19.0% |
| Profit (loss) for the period9904 | €-187k | €-291k | €-572k | €-681k | ▼ 19.0% |
| Profit (loss) for the period to be appropriated9905 | €-187k | €-291k | €-572k | €-681k | ▼ 19.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €5.62M | €6.40M | €6.89M | €7.72M | ▲ 12.0% |
| Fixed assets21/28 | - | €1 | €1 | €1 | = |
| Financial fixed assets28 | - | €1 | €1 | €1 | = |
| Current assets29/58 | €5.62M | €6.40M | €6.89M | €7.72M | ▲ 12.0% |
| Stocks and contracts in progress3 | €5.51M | €6.26M | €6.77M | €7.52M | ▲ 11.1% |
| Stocks30/36 | €5.51M | €6.26M | €6.77M | €7.52M | ▲ 11.1% |
| Amounts receivable within one year40/41 | €110k | €121k | €100k | €96k | ▼ 3.6% |
| Trade receivables40 | €87k | €73k | €73k | €73k | = |
| Other amounts receivable41 | €23k | €49k | €27k | €24k | ▼ 13.2% |
| Cash at bank and in hand54/58 | €1k | €18k | €22k | €108k | ▲ 385% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €5.62M | €6.40M | €6.89M | €7.72M | ▲ 12.0% |
| Equity10/15 | €-87k | €-377k | €-950k | €-1.63M | ▼ 71.7% |
| Contributions10/11 | €100k | €100k | €100k | €100k | = |
| Capital10 | €100k | €100k | €100k | €100k | = |
| Issued capital100 | €100k | €100k | €100k | €100k | = |
| Profit (loss) carried forward14 | €-187k | €-477k | €-1.05M | €-1.73M | ▼ 64.9% |
| Amounts payable17/49 | €5.71M | €6.78M | €7.84M | €9.36M | ▲ 19.3% |
| Amounts payable within one year42/48 | €5.71M | €6.78M | €7.84M | €9.36M | ▲ 19.3% |
| Financial debts43 | €5.05M | €6.77M | €7.74M | €9.20M | ▲ 18.9% |
| Other loans439 | €5.05M | €6.77M | €7.74M | €9.20M | ▲ 18.9% |
| Trade debts44 | €649k | €14k | €105k | €152k | ▲ 44.5% |
| Suppliers440/4 | €649k | €14k | €105k | €152k | ▲ 44.5% |
| Other amounts payable47/48 | €15k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-187k | €-291k | €-572k | €-681k | ▼ 19.0% |
| Operating cash flow (approximation) | €-187k | €-291k | €-572k | €-681k | ▼ 19.0% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | €17k | €4k | €85k | ▲ 1,889% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-681k
Net result drops to €-681k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
10-06
State Gazette act
General meeting · Member resignation
Capital decrease · Member admission
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2021
Ground area
3,149 m²
Building footprint
3,026 m²
Volume, LiDAR
70,303 m³
Parcel 21805E0482/00C000, Brussels · tallest building 31.9 m, ±9 floors. Linked by address, not a title deed.
101
companies at this address
See who is registered here
1 establishment unit
SAMAYA DEVELOPMENT
since 20212.330.357.791
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0482/00C000 | Brussels | 3,149 m² | 1 · 3,026 m² | 31.9 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.