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ConDaSec

Active
Private limited companyfounded 20188 yrs activeMinnezang(LIN) 16, 3210 Lubbeek, BelgiumKBO/BCE: BE 0687.895.789
Summary

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 2024
Solvency, 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 8 years 0 10 y
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 filings
Deviation 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

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
€-25k€0€25k€50k€75kOperating result 2020: €23k€23kNet result 2020: €18k€18kOperating result 2021: €66k€66kNet result 2021: €52k€52kOperating result 2022: €12k€12kNet result 2022: €8k€8kOperating result 2023: €-19k€-19kNet result 2023: €-19k€-19kOperating result 2024: €261€261Net result 2024: €65€6520202021202220232024€-20k€-10k€0€10kOperating result 2022: €12k€12kNet result 2022: €8k€7.8kOperating result 2023: €-19k€-19kNet result 2023: €-19k€-19kOperating result 2024: €261€261Net result 2024: €65€65202220232024
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
2024 value · change against 2023
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
Line20202021202220232024Change
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%
Line20202021202220232024Change
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%
Line20202021202220232024Change
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.

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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
seat establishment The establishment unit on the map
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
Minnezang(LIN) 16, 3210 LubbeekRetail trade
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.

Similar companies · same sector, comparable size

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.