Equity
€4.2m ▲ 28.0%
Condeco has made a profit in every financial year since 2006.
Condeco
Lifetime
20 annual accounts with figures on one time axis, 48 filings since 1978peak €5.4m (2023)
-not published
peak €1.7m (2023)
€1.1m▼ 33.4%
peak €4.2m (2025)
€4.2m▲ 28.0%
€1.5m▼ 47.9%
peak 45.2 FTE (2021)
38.5 FTE▼ 4.2%
Board9 names since 2019
3 directorsCONCRETE HOLDING and 2 others
Owners5 names in the annual accounts
100%CONCRETE HOLDING and 1 other
Documentsfilings and deeds
03-06-202658 days before the deadline
2025financial year
Result from €1.7m to €1.1mReappointment: AUDITAS BEDRIJFSREVISOREN (statutory auditor) 22-07Equity from €3.3m to €4.2mDebts from €2.8m to €1.5mCash from €821,593 to €1.1m
Key points
from the 2025 annual accountsResult
€1.1m ▼ 33.4%
The result fell in 2025 from €1.7m to €1.1m.
Investments
€36,201 0.1 × depreciation
Green is investment, beige is depreciation.
Payment terms
32 days to suppliers
Condeco pays its suppliers 1 day later than in 2024. Customers pay 31 days later.
Liquidity
4.05 was 2.16 in 2024
Short-term debts fell from €2.4m to €1.2m.
Filings
48 annual accounts since 1978
The 2016 accounts came 9 days late. The other nine of the last ten were filed on time.
Checked score
98
Excellent
Financially stronger than 82% of small companies in non-metallic mineral products (NACE 23)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 233 companies (NACE 23, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025highest value
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 4.05, cash €1.1m
Equity €4.2m (73.8% of total assets)
Size: turnover €11.7m, 38.5 FTE, total assets €5.7m
Founded in 1972
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 23, small). It does better than 83% of them on solvency, 88% on liquidity, 92% on profitability and 64% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as Condeco has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of Condeco itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for Condeco. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €400,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.05 (2.16 in 2024), above the usual 1.5. Short-term debt is 21.9% and cash 19.2% of total assets. 26.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 days early
2024
38 days early
2023
51 days early
2022
53 days early
2021
26 days early
2020
53 days early
2019
53 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 47 days before the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0412140033
Reappointment: AUDITAS BEDRIJFSREVISOREN (statutory auditor)
General meeting of 06-06-2025 · Gazette deed
Appointment: BV AUDITAS BEDRIJFSREVISOREN (statutory auditor)
Permanent representative: Sven VANSTEELANT · General meeting of 11-10-2022 · Gazette deed
3 directors appointed, 2 resignations
Resignations: SA Dyfan Investment and Marc Dhuygelaere (day-to-day manager) · Permanent representatives: Marc Diver and Rita Van Tornhaut · Appointments: Dirk Van Tornhaut, Geert Van Tornhaut and NV Concrete Holding · General meeting of 11-10-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Condeco Diksmuide | €11.7m | 12.4% | 73.8% | 38.5 |
| NERVA Harelbeke | €11.2m | 0.5% | 80.4% | 48.5 |
| LG-BETON Oudsbergen | €11.6m | -1.1% | 59.2% | 40.1 |
| PROMONTA Willebroek | €12.3m | 3.7% | 77.5% | 27.2 |
| BATIDAL Herve | €9.5m | 3.5% | 25.4% | 21.4 |
| VAN HESSCHE BETON Pittem | €13.4m | 14.2% | 60.1% | 32.3 |
| VB Belgium Tongeren-Borgloon | €11.4m | -3.1% | 24.3% | 41.3 |
Grey: the largest companies of the sector (non-metallic mineral products (NACE 23)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Condeco: manufacture of other non-metallic mineral products (NACE 23610). They are comparable in size and age: total assets between €5.4m and €17m, founded between 1963 and 1987.
Official details
Source: KBO- Status
- Active since 12-04-1972Normal situation
- Activity
- Manufacture of other non-metallic mineral productsNACE 23610and 3 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 124Construction · annual accounts 2025
- Establishment unit
- 2.007.165.8678600 Diksmuide, since 01-04-1972
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €5.7m▼ 7.3%
- Employeeson 31-12-2025
- 38▼ 9.5%
- Filing
- Filed on 03-06-2026, 58 days before the end of the filing period
Companies linked to Condeco
Parent and group
Insights on Condeco
Solvency rose in 2025 from 53.5% to 73.8% because of the retained profit and lower debts.
CONCRETE HOLDING holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Condeco
- What is the company number of Condeco?
- The company number of Condeco is 0412.140.033. The VAT number is the same number with BE in front: BE 0412.140.033.
- Where is Condeco based?
- The registered office is at Heernisse 11, 8600 Diksmuide.Company details
- What does Condeco do?
- According to the KBO register, the main activity is manufacture of other non-metallic mineral products (NACE 23610).
- What is the legal form of Condeco?
- Condeco is a public limited company (NV).
- When was Condeco founded?
- Condeco was founded on 12-04-1972.
- Is Condeco still active?
- Yes, Condeco is an active enterprise in the KBO register.
- How many employees does Condeco have?
- Condeco had an average of 38.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Condeco fall under?
- In its 2025 annual accounts, Condeco states joint committees 200 (Auxiliary committee for white-collar workers) and 124 (Construction).
- What is the turnover of Condeco?
- The turnover of Condeco was €11.7m in financial year 2025, according to the filed annual accounts.
- Is Condeco profitable?
- In financial year 2025, Condeco made a profit of €1.1m.
- Where can I find the annual accounts of Condeco?
- Condeco filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Condeco due?
- Condeco must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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