CONDAKO
ActiveSummary
CONDAKO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €336k and a net result of €14k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 27% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-11
Solvency46▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 16.0 in 2024; short-term debt: 55.7% and cash: 4% of total assets), but 78.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.3%
Return on assets
0.9%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-04-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
36 d early
2023
18 d early
2022
18 d early
2021
30 d early
2020
22 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€336k▲ 4.2%
2024 · €323k
2018: €199klowest in 8 years
2019: €207k▲ +4.0% vs 2018
2020: €218k▲ +5.5% vs 2019
2021: €256k▲ +17.4% vs 2020
2022: €267k▲ +4.3% vs 2021
2023: €290k▲ +8.6% vs 2022
2024: €323k▲ +11.1% vs 2023
2025: €336k▲ +4.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.58M▼ 3.3%
2024 · €1.64M
2018: €1.84Mhighest in 8 years
2019: €1.78M▼ -3.6% vs 2018
2020: €1.41M▼ -20.7% vs 2019
2021: €1.47M▲ +4.5% vs 2020
2022: €1.37M▼ -6.8% vs 2021
2023: €1.09M▼ -20.5% vs 2022lowest in 8 years
2024: €1.64M▲ +50.0% vs 2023
2025: €1.58M▼ -3.3% vs 2024
2018 → 2025
Net result
€14k▼ 57.7%
2024 · €32k
2018: €17k
2019: €248k▲ +1366% vs 2018highest in 8 years
2020: €11k▼ -95.4% vs 2019
2021: €128k▲ +1022% vs 2020
2022: €11k▼ -91.3% vs 2021lowest in 8 years
2023: €23k▲ +107% vs 2022
2024: €32k▲ +40.2% vs 2023
2025: €14k▼ -57.7% vs 2024
2018 → 2025
Working capital
€551k▼ 59.4%
2024 · €1.36M
2018: €807k
2019: €1.06M▲ +31.1% vs 2018
2020: €1.12M▲ +6.3% vs 2019
2021: €1.06M▼ -5.8% vs 2020
2022: €1.06M▲ +0.4% vs 2021
2023: €829k▼ -22.1% vs 2022
2024: €1.36M▲ +64.0% vs 2023highest in 8 years
2025: €551k▼ -59.4% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€256k-€267k▲ 4.3%€290k▲ 8.6%€323k▲ 11.1%€336k▲ 4.2%
2021: €256klowest in 5 years
2022: €267k▲ +4.3% vs 2021
2023: €290k▲ +8.6% vs 2022
2024: €323k▲ +11.1% vs 2023
2025: €336k▲ +4.2% vs 2024highest in 5 years
Operating result€216k-€83k▼ 61.5%€45k▼ 46.5%€88k▲ 97.9%€88k▼ 0.6%
2021: €216khighest in 5 years
2022: €83k▼ -61.5% vs 2021
2023: €45k▼ -46.5% vs 2022lowest in 5 years
2024: €88k▲ +97.9% vs 2023
2025: €88k▼ -0.6% vs 2024
Net result€128k-€11k▼ 91.3%€23k▲ 107%€32k▲ 40.2%€14k▼ 57.7%
2021: €128khighest in 5 years
2022: €11k▼ -91.3% vs 2021lowest in 5 years
2023: €23k▲ +107% vs 2022
2024: €32k▲ +40.2% vs 2023
2025: €14k▼ -57.7% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.58M
Fixed assets
€150k ▼ 19.4%
Current assets
€1.43M ▼ 1.3%
Equity and liabilities €1.58M
Equity
€336k ▲ 4.2%
Debt
€1.25M ▼ 5.2%
Debt's share of the balance-sheet total falls from 80.3% to 78.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€129k▼
2024 · €138k
Cash flow
€55k▼
2024 · €82k
Current ratio
1.63▼
2024 · 16.00
Quick ratio
1.08▼
2024 · 9.50
Debt to equity
3.70▼
2024 · 4.07
ROE
4.0%▼
2024 · 10.0%
ROA
0.9%▼
2024 · 2.0%
Interest coverage
1.90▼
2024 · 3.11
Debt ≤ 1 year
€880k▲
2024 · €91k
Debt > 1 year
€365k▼
2024 · €1.12M
Income taxes
€7k▼
2024 · €12k
Staff costs
€44k▼
2024 · €58k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.64M€1.58M▼
Fixed assets21/28€186k€150k▼
Tangible fixed assets22/27€186k€150k▼
Plant, machinery and equipment23€22k€18k▼
Furniture and vehicles24€33k€26k▼
Other tangible fixed assets26€131k€106k▼
Current assets29/58€1.45M€1.43M▼
Stocks and contracts in progress3€588k€478k▼
Stocks30/36€588k€478k▼
Amounts receivable within one year40/41€747k€887k▲
Trade receivables40€666k€802k▲
Other amounts receivable41€81k€86k▲
Cash at bank and in hand54/58€103k€64k▼
Deferred charges and accrued income490/1€11k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.64M€1.58M▼
Equity10/15€323k€336k▲
Contributions10/11€84k€84k=
Reserves13€239k€252k▲
Distributable reserves133€239k€252k▲
Amounts payable17/49€1.31M€1.25M▼
Amounts payable after more than one year17€1.12M€365k▼
Financial debts170/4€809k€365k▼
Other amounts payable178/9€313k€0▼
Amounts payable within one year42/48€91k€880k▲
Trade debts44€77k€188k▲
Suppliers440/4€77k€188k▲
Taxes, remuneration and social security45€13k€12k▼
Taxes450/3€5k€6k▲
Remuneration and social security454/9€8k€6k▼
Other amounts payable47/48-€679k
Accrued charges and deferred income492/3€100k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€58k€44k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€42k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€0▼
Other operating charges640/8€9k€17k▲
Gross operating margin9900€209k€190k▼
Operating profit (loss)9901€88k€88k▼
Financial income75/76B€456€1k▲
Recurring financial income75€456€1k▲
Financial charges65/66B€44k€68k▲
Recurring financial charges65€44k€68k▲
Profit (loss) for the period before taxes9903€44k€21k▼
Income taxes67/77€12k€7k▼
Profit (loss) for the period9904€32k€14k▼
Profit (loss) for the period to be appropriated9905€32k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€14k▼
Transfer to equity691/2€32k€14k▼
To other reserves6921€32k€14k▼
Social balance
Average headcount (FTE)90871.00.8▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €41k | €38k | €58k | €44k | ▼ 25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44k | €41k | €42k | €50k | €42k | ▼ 16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €43k | €3k | €0 | ▼ 100% |
| Other operating charges640/8 | - | €7k | €5k | €9k | €17k | ▲ 94.2% |
| Non-recurring operating charges66A | - | - | €2k | - | - | - |
| Gross operating margin9900 | €310k | €172k | €174k | €209k | €190k | ▼ 8.9% |
| Operating profit (loss)9901 | €216k | €83k | €45k | €88k | €88k | ▼ 0.6% |
| Financial income75/76B | - | €135 | €17k | €456 | €1k | ▲ 144% |
| Recurring financial income75 | €490 | €135 | €17k | €456 | €1k | ▲ 144% |
| Financial charges65/66B | - | €63k | €30k | €44k | €68k | ▲ 53.4% |
| Recurring financial charges65 | €78k | €63k | €30k | €44k | €68k | ▲ 53.4% |
| Profit (loss) for the period before taxes9903 | €138k | €20k | €32k | €44k | €21k | ▼ 53.3% |
| Income taxes67/77 | €10k | €9k | €9k | €12k | €7k | ▼ 41.4% |
| Profit (loss) for the period9904 | €128k | €11k | €23k | €32k | €14k | ▼ 57.7% |
| Profit (loss) for the period to be appropriated9905 | €128k | €11k | €23k | €32k | €14k | ▼ 57.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.47M | €1.37M | €1.09M | €1.64M | €1.58M | ▼ 3.3% |
| Fixed assets21/28 | €239k | €201k | €194k | €186k | €150k | ▼ 19.4% |
| Tangible fixed assets22/27 | €239k | €201k | €194k | €186k | €150k | ▼ 19.4% |
| Plant, machinery and equipment23 | - | €5k | €12k | €22k | €18k | ▼ 18.3% |
| Furniture and vehicles24 | - | €19k | €37k | €33k | €26k | ▼ 20.0% |
| Leasing and similar rights25 | - | - | €2k | - | - | - |
| Other tangible fixed assets26 | - | €177k | €144k | €131k | €106k | ▼ 19.4% |
| Current assets29/58 | €1.23M | €1.17M | €896k | €1.45M | €1.43M | ▼ 1.3% |
| Stocks and contracts in progress3 | €275k | €289k | €306k | €588k | €478k | ▼ 18.8% |
| Stocks30/36 | - | €289k | €306k | €588k | €478k | ▼ 18.8% |
| Amounts receivable within one year40/41 | €943k | €795k | €589k | €747k | €887k | ▲ 18.8% |
| Trade receivables40 | - | €732k | €547k | €666k | €802k | ▲ 20.4% |
| Other amounts receivable41 | - | €63k | €43k | €81k | €86k | ▲ 5.5% |
| Cash at bank and in hand54/58 | €12k | €85k | - | €103k | €64k | ▼ 38.2% |
| Deferred charges and accrued income490/1 | - | €2k | €1k | €11k | €2k | ▼ 79.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.47M | €1.37M | €1.09M | €1.64M | €1.58M | ▼ 3.3% |
| Equity10/15 | €256k | €267k | €290k | €323k | €336k | ▲ 4.2% |
| Contributions10/11 | - | €84k | €84k | €84k | €84k | = |
| Reserves13 | €172k | €183k | €206k | €239k | €252k | ▲ 5.7% |
| Non-distributable reserves130/1 | - | €8k | €8k | - | - | - |
| Reserves not available under the articles1311 | - | €8k | €8k | - | - | - |
| Distributable reserves133 | - | €175k | €198k | €239k | €252k | ▲ 5.7% |
| Amounts payable17/49 | €1.22M | €1.10M | €800k | €1.31M | €1.25M | ▼ 5.2% |
| Amounts payable after more than one year17 | €892k | €996k | €733k | €1.12M | €365k | ▼ 67.5% |
| Financial debts170/4 | - | €560k | €590k | €809k | €365k | ▼ 54.9% |
| Other amounts payable178/9 | - | €436k | €143k | €313k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €173k | €107k | €68k | €91k | €880k | ▲ 871% |
| Current portion of amounts payable after more than one year42 | - | €2k | - | - | - | - |
| Financial debts43 | - | - | €24k | - | - | - |
| Credit institutions430/8 | - | - | €24k | - | - | - |
| Trade debts44 | €21k | €95k | €37k | €77k | €188k | ▲ 143% |
| Suppliers440/4 | - | €95k | €37k | €77k | €188k | ▲ 143% |
| Taxes, remuneration and social security45 | - | €11k | €7k | €13k | €12k | ▼ 6.7% |
| Taxes450/3 | - | €4k | - | €5k | €6k | ▲ 16.9% |
| Remuneration and social security454/9 | - | €7k | €7k | €8k | €6k | ▼ 23.5% |
| Other amounts payable47/48 | - | - | - | - | €679k | - |
| Accrued charges and deferred income492/3 | - | €53 | - | €100k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €128k | €11k | €23k | €32k | €14k | ▼ 57.7% |
| + Depreciation and write-downs630 | €44k | €41k | €42k | €50k | €42k | ▼ 16.2% |
| Operating cash flow (approximation) | €172k | €52k | €65k | €82k | €55k | ▼ 32.5% |
| Investment in fixed assets (approximation) | - | €-2k | €-36k | €-41k | €-6k | ▲ 85.9% |
| Change in cash | - | €72k | - | - | €-39k | - |
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
Next filing, fiscal year 2026, expected by
2026
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet €11k ▼91.3%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Liquidity quadruplescurrent ratio 10.76
Current ratio from 2.59 to 10.76; short-term debt falls from €666k to €115k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €248k ▲1,366%
Operating result €294k, net result €248k, both a record.
30-09
Financial
Equity above €200kEq €207k ▲4%
2 profitable years in a row build equity to €207k.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Kontich · 1 establishment unit since 2007
Ground area
6,625 m²
Building footprint
3,733 m²
Parcel 11602E0061/00N000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Condako
since 20072.161.241.855
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602E0061/00N000 | Flanders | 6,625 m² | 1 · 3,733 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 9,881 EUR awarded · 9,671 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 269 EUR | 59 EUR |
| 2024 | 2 | 2,281 EUR | 2,281 EUR |
| 2023 | 1 | 170 EUR | 170 EUR |
| 2022 | 2 | 7,161 EUR | 7,161 EUR |
Schemes
Subsidies voor internationaal ondernemen
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300SPBBN074ZY5B22
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Of 432 companies in sector 46869 we hold annual accounts for 244. 174 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-03-2007
Fiscal year end30-09
Activities, NACEBEL 2025
46869Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.