CONDIMENTARIUS
ActiveSummary
CONDIMENTARIUS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €130,500 and a net result of €70,355. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency79▼-21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.78 against 4.08 in 2023; short-term debt: 17.7% and cash: 7.2% of total assets), and 45.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €130,500
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 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
34 d early
2022
42 d early
2021
41 d early
2020
39 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€130,500▲ 117%
2023 · €60,145
Total assets
€240,313▲ 217%
2023 · €75,724
Net result
€70,355▲ 147%
2023 · €28,470
Working capital
-€9,539
2023 · €48,002
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€40,090▼ 24.4%-€46,165▼ 15.2%-€14,160▲ 69.3%€28,991€73,882▲ 155%
Net result-€40,661below the sector's middle half▼ 23.6%-€46,906below the sector's middle half▼ 15.4%-€14,690below the sector's middle half▲ 68.7%€28,470within the sector's middle half€70,355above the sector's middle half▲ 147%
Equity€93,271within the sector's middle half▼ 30.4%€46,365within the sector's middle half▼ 50.3%€31,675within the sector's middle half▼ 31.7%€60,145within the sector's middle half▲ 89.9%€130,500within the sector's middle half▲ 117%
Total assets€101,914within the sector's middle half▼ 27.5%€61,648below the sector's middle half▼ 39.5%€48,862below the sector's middle half▼ 20.7%€75,724below the sector's middle half▲ 55.0%€240,313within the sector's middle half▲ 217%
Debt€8,643▲ 31.9%€15,283▲ 76.8%€17,187▲ 12.5%€15,580▼ 9.4%€109,813▲ 605%
Working capital€3,700within the sector's middle half▼ 32.5%€2,790within the sector's middle half▼ 24.6%€23,128within the sector's middle half▲ 729%€48,002within the sector's middle half▲ 108%-€9,539below the sector's middle half
Solvency91.5%above the sector's middle half▼ 3.8pp75.2%within the sector's middle half▼ 16.3pp64.8%within the sector's middle half▼ 10.4pp79.4%above the sector's middle half▲ 14.6pp54.3%within the sector's middle half▼ 25.1pp
Current ratio1.43within the sector's middle half▼ 0.411.28within the sector's middle half▼ 0.152.35within the sector's middle half▲ 1.074.08within the sector's middle half▲ 1.740.78below the sector's middle half▼ 3.31
Return on assets (ROA)-39.9%below the sector's middle half▼ 16.5pp-76.1%below the sector's middle half▼ 36.2pp-30.1%below the sector's middle half▲ 46.0pp37.6%above the sector's middle half▲ 67.7pp29.3%within the sector's middle half▼ 8.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 155% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €240,313
Fixed assets
€207,285 ▲ 1,607%
Current assets
€33,028 ▼ 48.1%
Equity and liabilities €240,313
Equity
€130,500 ▲ 117%
Debt
€109,813 ▲ 605%
Debt's share of the balance-sheet total rises from 20.6% to 45.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€114,984▲
2023 · €31,792
Cash flow
€111,457▲
2023 · €31,270
Debt to equity
0.84▲
2023 · 0.26
ROE
53.9%▲
2023 · 47.3%
Interest coverage
38.58▼
2023 · 198.30
Debt ≤ 1 year
€42,567▲
2023 · €15,580
Debt > 1 year
€67,247
Income taxes
€547▲
2023 · €361
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €78,512 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,604 | €41,753 | €41,635 | €2,801 | €41,102 | ▲ 1,367% |
| Other operating charges640/8 | - | €2,917 | €2,941 | €3,115 | €3,059 | ▼ 1.8% |
| Gross operating margin9900 | €4,355 | -€1,495 | €30,416 | €34,907 | €118,042 | ▲ 238% |
| Operating profit (loss)9901 | -€40,090 | -€46,165 | -€14,160 | €28,991 | €73,882 | ▲ 155% |
| Financial charges65/66B | - | €339 | €157 | €160 | €2,980 | ▲ 1,759% |
| Recurring financial charges65 | €140 | €339 | €157 | €160 | €2,980 | ▲ 1,759% |
| Profit (loss) for the period before taxes9903 | -€40,230 | -€46,504 | -€14,317 | €28,831 | €70,902 | ▲ 146% |
| Income taxes67/77 | €431 | €402 | €373 | €361 | €547 | ▲ 51.3% |
| Profit (loss) for the period9904 | -€40,661 | -€46,906 | -€14,690 | €28,470 | €70,355 | ▲ 147% |
| Profit (loss) for the period to be appropriated9905 | -€40,661 | -€46,906 | -€14,690 | €28,470 | €70,355 | ▲ 147% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101,914 | €61,648 | €48,862 | €75,724 | €240,313 | ▲ 217% |
| Fixed assets21/28 | €89,571 | €48,913 | €8,547 | €12,143 | €207,285 | ▲ 1,607% |
| Tangible fixed assets22/27 | €88,521 | €47,863 | €7,497 | €11,093 | €206,235 | ▲ 1,759% |
| Plant, machinery and equipment23 | - | €4,706 | €3,625 | €2,545 | €1,655 | ▼ 35.0% |
| Furniture and vehicles24 | - | €43,157 | €3,872 | €8,548 | €204,580 | ▲ 2,293% |
| Financial fixed assets28 | €1,050 | €1,050 | €1,050 | €1,050 | €1,050 | = |
| Current assets29/58 | €12,343 | €12,735 | €40,316 | €63,581 | €33,028 | ▼ 48.1% |
| Amounts receivable within one year40/41 | €5,638 | €4,901 | €29,448 | €7,894 | €12,427 | ▲ 57.4% |
| Trade receivables40 | - | €3,491 | €28,605 | €5,860 | €11,131 | ▲ 89.9% |
| Other amounts receivable41 | - | €1,410 | €843 | €2,034 | €1,297 | ▼ 36.3% |
| Cash at bank and in hand54/58 | €4,216 | €6,336 | €8,129 | €50,919 | €17,190 | ▼ 66.2% |
| Deferred charges and accrued income490/1 | - | €1,497 | €2,739 | €4,768 | €3,410 | ▼ 28.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101,914 | €61,648 | €48,862 | €75,724 | €240,313 | ▲ 217% |
| Equity10/15 | €93,271 | €46,365 | €31,675 | €60,145 | €130,500 | ▲ 117% |
| Contributions10/11 | - | €149,910 | €149,910 | €149,910 | €149,910 | = |
| Reserves13 | €16,922 | €16,922 | €16,922 | €16,922 | €16,922 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €15,062 | €15,062 | €16,922 | €16,922 | = |
| Profit (loss) carried forward14 | -€73,561 | -€120,466 | -€135,157 | -€106,687 | -€36,332 | ▲ 65.9% |
| Amounts payable17/49 | €8,643 | €15,283 | €17,187 | €15,580 | €109,813 | ▲ 605% |
| Amounts payable after more than one year17 | - | - | - | - | €67,247 | - |
| Financial debts170/4 | - | - | - | - | €67,247 | - |
| Amounts payable within one year42/48 | €8,643 | €9,945 | €17,187 | €15,580 | €42,567 | ▲ 173% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €18,996 | - |
| Trade debts44 | €1,424 | €2,569 | €3,013 | €5,283 | €4,461 | ▼ 15.6% |
| Suppliers440/4 | - | €2,569 | €3,013 | €5,283 | €4,461 | ▼ 15.6% |
| Advances received on contracts in progress46 | - | - | - | - | €3,534 | - |
| Taxes, remuneration and social security45 | - | €0 | - | - | €47 | - |
| Taxes450/3 | - | - | - | - | €47 | - |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €7,376 | €14,175 | €10,296 | €15,529 | ▲ 50.8% |
| Accrued charges and deferred income492/3 | - | €5,337 | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€40,661 | -€46,906 | -€14,690 | €28,470 | €70,355 | ▲ 147% |
| + Depreciation and write-downs630 | €41,604 | €41,753 | €41,635 | €2,801 | €41,102 | ▲ 1,367% |
| Operating cash flow (approximation) | €943 | -€5,153 | €26,945 | €31,270 | €111,457 | ▲ 256% |
| Investment in fixed assets (approximation) | - | -€1,095 | -€1,269 | -€6,397 | -€236,244 | ▼ 3,593% |
| Change in cash | - | €2,121 | €1,793 | €42,790 | -€33,729 | ▼ 179% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €70,355 ▲147%
Operating result €73,882, net result €70,355, both a record.
31-12
Financial
Equity above €100,000Eq €130,500 ▲117%
2 profitable years in a row build equity to €130,500.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €28,470
Net result €28,470 after 4 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€46,906
Net result drops to -€46,906, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €133,932
Equity rises from -€78,168 to €133,932.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Kapellen · 1 establishment unit since 2008
Ground area
5,625 m²
Building footprint
304 m²
Volume, LiDAR
2,149 m³
Parcel 11023K0007/00D031, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CONDIMENTARIUS
since 20082.174.090.494
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023K0007/00D031 | Flanders | 5,625 m² | 1 · 304 m² | 11.1 m · 2 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 82,642 companies in sector 70200 we hold annual accounts for 52,626. 40,887 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
Founded15-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807119281
Also
9925:BE0807119281
Registered
03-09-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.