ConDaSec
ActiveSummary
ConDaSec has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €27k and a net result of €65. Equity is shrinking by ~19.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 60% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+69
Solvency96▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 3.23 against 12.65 in 2023; short-term debt: 29.4% and cash: 95% of total assets), and 29.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
70.6%
Return on assets
0.2%
Age of the figures
21 mo
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
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 19-03-2025, 134 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
134 d early
2023
33 d early
2022
26 d early
2021
27 d early
2020
32 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€27k▼ 27.3%
2023 · €36k
2018: €50k
2019: €97k▲ +93.2% vs 2018
2020: €114k▲ +17.4% vs 2019highest in 7 years
2021: €48k▼ -57.8% vs 2020
2022: €56k▲ +16.3% vs 2021
2023: €36k▼ -34.7% vs 2022
2024: €27k▼ -27.3% vs 2023lowest in 7 years
2018 → 2024
Total assets
€38k▼ 3.0%
2023 · €39k
2018: €62k
2019: €117k▲ +89.3% vs 2018
2020: €143k▲ +22.5% vs 2019highest in 7 years
2021: €88k▼ -38.2% vs 2020
2022: €61k▼ -31.2% vs 2021
2023: €39k▼ -36.2% vs 2022
2024: €38k▼ -3.0% vs 2023lowest in 7 years
2018 → 2024
Net result
€65
2023 · €-19k
2018: €39k
2019: €48k▲ +23.3% vs 2018
2020: €18k▼ -62.8% vs 2019
2021: €52k▲ +191% vs 2020highest in 7 years
2022: €8k▼ -84.8% vs 2021
2023: €-19k▼ -347% vs 2022lowest in 7 years
2024: €65▲ +100% vs 2023
2018 → 2024
Working capital
€25k▼ 7.4%
2023 · €27k
2018: €41k
2019: €89k▲ +116% vs 2018
2020: €110k▲ +23.1% vs 2019highest in 7 years
2021: €44k▼ -60.1% vs 2020
2022: €41k▼ -6.5% vs 2021
2023: €27k▼ -34.9% vs 2022
2024: €25k▼ -7.4% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€114k-€48k▼ 57.8%€56k▲ 16.3%€36k▼ 34.7%€27k▼ 27.3%
2020: €114khighest in 5 years
2021: €48k▼ -57.8% vs 2020
2022: €56k▲ +16.3% vs 2021
2023: €36k▼ -34.7% vs 2022
2024: €27k▼ -27.3% vs 2023lowest in 5 years
Operating result€23k-€66k▲ 181%€12k▼ 82.1%€-19k€261
2020: €23k
2021: €66k▲ +181% vs 2020highest in 5 years
2022: €12k▼ -82.1% vs 2021
2023: €-19k▼ -263% vs 2022lowest in 5 years
2024: €261▲ +101% vs 2023
Net result€18k-€52k▲ 191%€8k▼ 84.8%€-19k€65
2020: €18k
2021: €52k▲ +191% vs 2020highest in 5 years
2022: €8k▼ -84.8% vs 2021
2023: €-19k▼ -347% vs 2022lowest in 5 years
2024: €65▲ +100% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €261 after a loss of €19k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38k
Fixed assets
€2k ▼ 81.4%
Current assets
€36k ▲ 23.5%
Equity and liabilities €38k
Equity
€27k ▼ 27.3%
Debt
€11k ▲ 383%
Debt's share of the balance-sheet total rises from 5.9% to 29.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▲
2023 · €-14k
Cash flow
€2k▲
2023 · €-14k
Current ratio
3.23▼
2023 · 12.65
Debt to equity
0.42▲
2023 · 0.06
ROE
0.2%▲
2023 · -53.1%
ROA
0.2%▲
2023 · -49.9%
Interest coverage
31.56▲
2023 · -282.54
Debt ≤ 1 year
€11k▲
2023 · €2k
Income taxes
€142▼
2023 · €152
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 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€39k€38k▼
Fixed assets21/28€10k€2k▼
Tangible fixed assets22/27€10k€2k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€8k€726▼
Current assets29/58€29k€36k▲
Amounts receivable within one year40/41€1k€38▼
Other amounts receivable41€1k€38▼
Cash at bank and in hand54/58€26k€36k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€39k€38k▼
Equity10/15€36k€27k▼
Contributions10/11€19k€19k=
Reserves13€18k€8k▼
Distributable reserves133€18k€8k▼
Amounts payable17/49€2k€11k▲
Amounts payable within one year42/48€2k€11k▲
Trade debts44€436€126▼
Suppliers440/4€436€126▼
Taxes, remuneration and social security45€661€2k▲
Taxes450/3€661€2k▲
Other amounts payable47/48€1k€9k▲
Income statement
Code20232024
Non-recurring operating income76A-€13k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€1k▼
Other operating charges640/8€384€387▲
Gross operating margin9900€-14k€2k▲
Operating profit (loss)9901€-19k€261▲
Financial charges65/66B€50€54▲
Recurring financial charges65€50€54▲
Profit (loss) for the period before taxes9903€-19k€207▲
Income taxes67/77€152€142▼
Profit (loss) for the period9904€-19k€65▲
Profit (loss) for the period to be appropriated9905€-19k€65▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€65▲
Transfer from equity791/2€19k€10k▼
Profit to be distributed694/7-€10k
Return on contributions (dividend)694-€10k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | - | - | €13k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €2k | €2k | €5k | €1k | ▼ 71.4% |
| Other operating charges640/8 | - | €408 | €326 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €30k | €68k | €14k | €-14k | €2k | ▲ 115% |
| Operating profit (loss)9901 | €23k | €66k | €12k | €-19k | €261 | ▲ 101% |
| Financial income75/76B | - | €0 | €0 | - | - | - |
| Recurring financial income75 | €0 | €0 | €0 | - | - | - |
| Financial charges65/66B | - | €416 | €184 | €50 | €54 | ▲ 8.4% |
| Recurring financial charges65 | €495 | €416 | €184 | €50 | €54 | ▲ 8.4% |
| Profit (loss) for the period before taxes9903 | €23k | €65k | €12k | €-19k | €207 | ▲ 101% |
| Income taxes67/77 | €5k | €14k | €4k | €152 | €142 | ▼ 6.4% |
| Profit (loss) for the period9904 | €18k | €52k | €8k | €-19k | €65 | ▲ 100% |
| Profit (loss) for the period to be appropriated9905 | €18k | €52k | €8k | €-19k | €65 | ▲ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143k | €88k | €61k | €39k | €38k | ▼ 3.0% |
| Fixed assets21/28 | €4k | €4k | €15k | €10k | €2k | ▼ 81.4% |
| Tangible fixed assets22/27 | €4k | €4k | €15k | €10k | €2k | ▼ 81.4% |
| Plant, machinery and equipment23 | - | €3k | €3k | €2k | €1k | ▼ 49.9% |
| Furniture and vehicles24 | - | €700 | €12k | €8k | €726 | ▼ 90.4% |
| Current assets29/58 | €139k | €84k | €46k | €29k | €36k | ▲ 23.5% |
| Amounts receivable within one year40/41 | €4 | - | €575 | €1k | €38 | ▼ 97.3% |
| Other amounts receivable41 | - | - | €575 | €1k | €38 | ▼ 97.3% |
| Cash at bank and in hand54/58 | €136k | €83k | €44k | €26k | €36k | ▲ 36.8% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €1k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143k | €88k | €61k | €39k | €38k | ▼ 3.0% |
| Equity10/15 | €114k | €48k | €56k | €36k | €27k | ▼ 27.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €101k | €29k | €37k | €18k | €8k | ▼ 55.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €28k | €35k | €18k | €8k | ▼ 55.7% |
| Amounts payable17/49 | €29k | €40k | €5k | €2k | €11k | ▲ 383% |
| Amounts payable within one year42/48 | €29k | €40k | €5k | €2k | €11k | ▲ 383% |
| Trade debts44 | €4k | €438 | €2k | €436 | €126 | ▼ 71.1% |
| Suppliers440/4 | - | €438 | €2k | €436 | €126 | ▼ 71.1% |
| Taxes, remuneration and social security45 | - | €20k | €3k | €661 | €2k | ▲ 148% |
| Taxes450/3 | - | €20k | €3k | €661 | €2k | ▲ 148% |
| Other amounts payable47/48 | - | €20k | €468 | €1k | €9k | ▲ 680% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €52k | €8k | €-19k | €65 | ▲ 100% |
| + Depreciation and write-downs630 | €6k | €2k | €2k | €5k | €1k | ▼ 71.4% |
| Operating cash flow (approximation) | €23k | €53k | €10k | €-14k | €2k | ▲ 111% |
| Investment in fixed assets (approximation) | - | €-2k | €-13k | €0 | €7k | - |
| Change in cash | - | €-53k | €-39k | €-18k | €10k | ▲ 154% |
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
19-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €65
Net result €65 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 9.25
Current ratio from 2.08 to 9.25; short-term debt falls from €40k to €5k.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €52k ▲191%
Operating result €66k, net result €52k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €114k ▲17.4%
3 profitable years in a row build equity to €114k.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lubbeek · 1 establishment unit since 2018
Ground area
1,797 m²
Building footprint
316 m²
Volume, LiDAR
1,337 m³
Parcel 24063A0005/00K002, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ConDaSec
since 20182.273.258.247
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24063A0005/00K002 | Flanders | 1,797 m² | 1 · 316 m² | 6.4 m · 1 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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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 13,979 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
Founded12-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.