CONDITOR
ActiveSummary
CONDITOR has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €278,889 and a net result of €48,275. Equity has been growing by about 6% per year since 2019. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-05-2001 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.312.505.932 3920 Lommel, since 16-05-2001
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Board and ownership
- MATHIJS Liesbeth PaulaDirector · since 22-12-2023
- POUDERS ElkeDirector · since 22-12-2023
- SCHRAEPEN VéroniqueDirector · since 22-12-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €143,415
- ▲ 2.1%
- Turnover
- ≈ €360,000
- estimated
- Profit
- €48,275
- ▲ 7.3%
- Equity
- €278,889
- ▲ 6.4%
- Total assets
- €1.1m
- ▼ 5.0%
Score breakdownraises riskLiquidity: current ratio 0.13, cash €22,673lowers riskSize: total assets €1.1mFigures for financial year 2025 (filed on 20-10-2025)No main activity registeredShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 31% of them on solvency, 29% on liquidity, 56% on profitability and 63% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 27 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 20-10-2025 PDF all 24 filings
Every figure per financial year
The operating result for 2025 is 4% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Mortgages, amount registered | €1.2m | €1.2m | - | - |
| Carrying value of the mortgaged assets | €1.2m | €1.1m | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €8,063 | €17,656 | - | - |
| Depreciation and write-downs of the year | €67,499 | €62,442 | €57,882 | €57,882 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,839 | €66,839 | €66,940 | €67,499 | €62,442 | €57,882 | €57,882 | = |
| Other operating charges640/8 | - | - | - | €5,431 | €5,955 | €6,155 | €6,287 | ▲ 2.1% |
| Non-recurring operating charges66A | - | - | - | €505 | €0 | - | - | - |
| Gross operating margin9900 | €207,817 | €120,191 | €117,501 | €116,087 | €116,100 | €140,411 | €143,415 | ▲ 2.1% |
| Operating profit (loss)9901 | €133,998 | €48,122 | €45,299 | €42,651 | €47,703 | €76,374 | €79,247 | ▲ 3.8% |
| Financial charges65/66B | - | - | - | €11,244 | €10,796 | €10,070 | €8,443 | ▼ 16.2% |
| Recurring financial charges65 | €14,971 | €13,467 | €12,741 | €11,244 | €10,796 | €10,070 | €8,443 | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | €119,027 | €34,655 | €32,558 | €31,408 | €36,907 | €66,304 | €70,803 | ▲ 6.8% |
| Income taxes67/77 | €10,821 | €3,150 | €3,702 | €9,771 | €10,740 | €21,296 | €22,528 | ▲ 5.8% |
| Profit (loss) for the period9904 | €108,206 | €31,504 | €28,856 | €21,637 | €26,167 | €45,008 | €48,275 | ▲ 7.3% |
| Profit (loss) for the period to be appropriated9905 | €108,206 | €31,504 | €28,856 | €21,637 | €26,167 | €45,008 | €48,275 | ▲ 7.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.4m | €1.3m | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 5.0% |
| Fixed assets21/28 | €1.4m | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 5.3% |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 5.3% |
| Land and buildings22 | - | - | - | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 5.3% |
| Current assets29/58 | €0.008m | €0.006m | €0.01m | €0.006m | €0.01m | €0.03m | €0.03m | ▲ 10.2% |
| Amounts receivable within one year40/41 | - | - | - | - | €377 | €0 | - | - |
| Other amounts receivable41 | - | - | - | - | €377 | €0 | - | - |
| Cash at bank and in hand54/58 | €0.004m | €0.002m | €0.006m | €0.002m | €0.009m | €0.02m | €0.02m | ▲ 12.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | ▲ 2.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.4m | €1.3m | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 5.0% |
| Equity10/15 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 6.4% |
| Contributions10/11 | €0.09m | €0 | - | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Reserves13 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 9.9% |
| Non-distributable reserves130/1 | - | - | - | €0.009m | €0.009m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.009m | €0.009m | €0 | - | - |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 9.9% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €1.2m | €1.1m | €1.0m | €0.9m | €0.8m | €0.8m | €0.8m | ▼ 8.5% |
| Amounts payable after more than one year17 | €1.0m | €1.0m | €0.9m | €0.8m | €0.7m | €0.6m | €0.5m | ▼ 13.2% |
| Financial debts170/4 | - | - | - | €0.8m | €0.7m | €0.6m | €0.5m | ▼ 13.2% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.09m | €0.09m | €0.09m | €0.2m | €0.2m | ▲ 5.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | ▲ 1.2% |
| Trade debts44 | €0.02m | €0.009m | €0.008m | €0.005m | €0.006m | €0.002m | €0.004m | ▲ 79.7% |
| Suppliers440/4 | - | - | - | €0.005m | €0.006m | €0.002m | €0.004m | ▲ 79.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.003m | €0.01m | €0.009m | ▼ 38.1% |
| Taxes450/3 | - | - | - | €0.004m | €0.003m | €0.01m | €0.009m | ▼ 38.1% |
| Other amounts payable47/48 | - | - | - | €0 | - | €0.1m | €0.1m | ▲ 14.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.008m | €0.008m | €0.01m | €0.01m | ▲ 0.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €108,206 | €31,504 | €28,856 | €21,637 | €26,167 | €45,008 | €48,275 | ▲ 7.3% |
| + Depreciation and write-downs630 | €66,839 | €66,839 | €66,940 | €67,499 | €62,442 | €57,882 | €57,882 | = |
| Operating cash flow (approximation) | €175,046 | €98,344 | €95,797 | €89,137 | €88,609 | €102,890 | €106,157 | ▲ 3.2% |
| Investment in fixed assets (approximation) | - | €0 | -€2,527 | -€8,063 | -€17,656 | €0 | €0 | - |
| Change in cash | - | -€2,346 | €3,773 | -€3,742 | €7,530 | €10,880 | €2,459 | ▼ 77.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,685 companies had the same profile as CONDITOR has now. Two years later, 96.9% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of CONDITOR itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 4,685 companies, not a prediction for CONDITOR. 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.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 20-10-2025 | 2025-00545507 | |
| 30-06-2024 | micro format | 23-12-2024 | 2024-00623775 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00022726 | |
| 30-06-2022 | micro format | 25-01-2023 | 2023-00003541 | |
| 30-06-2021 | micro format | 20-12-2021 | 2021-80800202 | |
| 30-06-2020 | micro format | 14-01-2021 | 2021-00900359 | |
| 30-06-2019 | micro format | 20-02-2020 | 2020-05300356 | |
| 30-06-2018 | micro format | 11-03-2019 | 2019-06700279 | |
| 30-06-2017 | micro format | 09-01-2018 | 2018-00800050 | |
| 30-06-2016 | abbreviated format | 11-01-2017 | 2017-00900556 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 16-01-2024 Converted to unavailable equity
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MATHIJS Liesbeth Paula |
|
| POUDERS Elke |
|
| SCHRAEPEN Véronique |
|
| VAN ROY Sara Gerda |
|
Articles of association
- Membership ruleThe articles set who can become a member or partner, and on what terms.
- “Register van aandelen op naam met vermeldingen artikel 5:25 WVV plus registers per categorie op zetel met vermeldingen WVV, 5”
Articles of association, deed of 16-01-2024 (in Dutch)
Network & group
CONDITOR shares no director with another company.
Companies at the same address
5 other companiesConnections & network
4 current directorsThe network starts from the directors of CONDITOR. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
16-01
Gazette deed
Appointments: SCHRAEPEN Véronique, MATHIJS Liesbeth Paula and 2 othersRegistered office clause · Purpose change · Transfer restriction24 points ▸
- General meeting, 22-12-2023
- Registered office clause, “enkel melding Gewest waarin zetel gelegen, nieuw aangenomen statuten” (deed in Dutch)
- Other provision, “interimdividenden, delegatie bevoegdheid uitkering” (deed in Dutch)
- Other provision, “verslag bestuursorgaan voorstel wijziging voorwerp, ontslaat instrumenterende notaris voorlezing” (deed in Dutch)
- Purpose change
- Other provision, “bestuursniveau en niveau algemene vergadering, elektronisch vergaderen” (deed in Dutch)
- Other provision, “uittreding en uitsluiting van aandeelhouders, regeling voorzien” (deed in Dutch)
- Transfer restriction, “overdracht/overgang van aandelen en andere effecten, regeling wijzigen” (deed in Dutch)
- Amendment of the articles, mentioned 3 times in the deed
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “beschikbare eigen vermogensrekening” (deed in Dutch)
- The act holds 12 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72020C1746/00A000 | Flanders | 1,421 m² | 1 · 358 m² | 6.7 m · 2 |