CONDOCO
ActiveSummary
CONDOCO has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,963 and a net result of -€16,042. Equity has been growing by about 63% per year since 2018. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-03-1997 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.081.405.808 2018 Antwerpen, since 15-04-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 07-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €40,176
- ▼ 52.2%
- Turnover
- ≈ €140,000
- estimated
- Loss
- €16,042
- Equity
- €40,963
- ▼ 28.1%
- Total assets
- €1.0m
- =
Score breakdownraises risk1 change of registered office in 24 monthsEquity €40,963 (4.1% of total assets)lowers riskSize: total assets €1.0mFigures for financial year 2025 (filed on 27-07-2026)Show the evidence
Checked score
About 3 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 19% of them on solvency, 52% on liquidity, 20% on profitability and 14% on growth.
The bankruptcy probability was computed on 03-11-2026 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 18 days after 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, full format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 28 filings
Every figure per financial year
The operating result for 2025 is 88% lower than in 2024 and the lowest since 2021.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €60,186 | €14,947 | €4,816 | - | €11,955 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €23,016 | €24,509 | €22,853 | €22,978 | €24,686 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,281 | €19,281 | €20,948 | €23,016 | €24,509 | €22,853 | €22,978 | €24,686 | ▲ 7.4% |
| Other operating charges640/8 | - | - | - | €7,149 | €7,301 | €1,069 | €1,086 | €8,556 | ▲ 688% |
| Gross operating margin9900 | €90,136 | €90,375 | €91,173 | €82,918 | €88,549 | €83,487 | €84,032 | €40,176 | ▼ 52.2% |
| Operating profit (loss)9901 | €64,425 | €64,550 | €63,123 | €52,752 | €56,740 | €59,565 | €59,969 | €6,934 | ▼ 88.4% |
| Financial charges65/66B | - | - | - | €27,377 | €26,956 | €19,891 | €23,583 | €22,977 | ▼ 2.6% |
| Recurring financial charges65 | €26,640 | €27,489 | €26,702 | €27,377 | €26,956 | €19,891 | €23,583 | €22,977 | ▼ 2.6% |
| Profit (loss) for the period before taxes9903 | €37,785 | €37,061 | €36,421 | €25,375 | €29,784 | €39,674 | €36,386 | -€16,042 | - |
| Income taxes67/77 | - | - | - | - | - | - | €3,608 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €37,785 | €37,061 | €36,421 | €25,375 | €29,784 | €39,674 | €32,778 | -€16,042 | - |
| Profit (loss) for the period to be appropriated9905 | €37,785 | €37,061 | €36,421 | €25,375 | €29,784 | €39,674 | €32,778 | -€16,042 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €1.0m | €1.0m | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | = |
| Fixed assets21/28 | €0.9m | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 1.3% |
| Tangible fixed assets22/27 | €0.9m | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €0.9m | ▼ 1.3% |
| Land and buildings22 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €0.9m | ▼ 1.3% |
| Plant, machinery and equipment23 | - | - | - | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.002m | - | - | - | - | - |
| Financial fixed assets28 | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Current assets29/58 | €0.01m | €0.09m | €0.06m | €0.08m | €0.06m | €0.03m | €0.03m | €0.05m | ▲ 38.1% |
| Amounts receivable within one year40/41 | €304 | €304 | €304 | €304 | €0.001m | €0.001m | €304 | €217 | ▼ 28.8% |
| Trade receivables40 | - | - | - | €304 | €0.001m | €0.001m | €304 | €217 | ▼ 28.8% |
| Cash at bank and in hand54/58 | €0.01m | €0.09m | €0.06m | €0.08m | €0.06m | €0.02m | €0.03m | €0.05m | ▲ 38.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €1.0m | €1.0m | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | = |
| Equity10/15 | -€0.1m | -€0.1m | -€0.07m | -€0.05m | -€0.02m | €0.02m | €0.06m | €0.04m | ▼ 28.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.2m | -€0.1m | -€0.1m | -€0.08m | -€0.04m | -€0.005m | -€0.02m | ▼ 323% |
| Amounts payable17/49 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.0m | €0.9m | €1.0m | ▲ 1.7% |
| Amounts payable after more than one year17 | €1.0m | €1.1m | €1.1m | €1.1m | €1.1m | €1.0m | €0.9m | €0.9m | ▼ 3.0% |
| Financial debts170/4 | - | - | - | €1.1m | €1.1m | €1.0m | €0.9m | €0.9m | ▼ 3.0% |
| Amounts payable within one year42/48 | €0.01m | €0.01m | €0.02m | €0.01m | €0.01m | €0.01m | €0.02m | €0.06m | ▲ 235% |
| Trade debts44 | €0.01m | €0.01m | €0.02m | €0.01m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 2.6% |
| Suppliers440/4 | - | - | - | €0.01m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 2.6% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €0.004m | €0.004m | = |
| Taxes450/3 | - | - | - | - | - | - | €0.004m | €0.004m | = |
| Other amounts payable47/48 | - | - | - | - | €0.01m | €0.01m | €0.01m | €0.06m | ▲ 308% |
| Accrued charges and deferred income492/3 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,785 | €37,061 | €36,421 | €25,375 | €29,784 | €39,674 | €32,778 | -€16,042 | - |
| + Depreciation and write-downs630 | €19,281 | €19,281 | €20,948 | €23,016 | €24,509 | €22,853 | €22,978 | €24,686 | ▲ 7.4% |
| Operating cash flow (approximation) | €57,066 | €56,342 | €57,369 | €48,391 | €54,293 | €62,527 | €55,756 | €8,644 | ▼ 84.5% |
| Investment in fixed assets (approximation) | - | -€0 | -€118,272 | -€60,186 | -€14,947 | -€4,816 | €0 | -€11,955 | - |
| Change in cash | - | €83,625 | -€30,177 | €11,992 | -€14,626 | -€37,593 | €8,811 | €12,757 | ▲ 44.8% |
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, 1,104 companies had the same profile as CONDOCO has now. Two years later, 94.3% were still going and 1.8% had gone bankrupt.
- Small
- 20 years or older
- solvency under 10%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CONDOCO itself is lower: 0.3% within 12 months. It rests on far more data about CONDOCO than the profile alone.
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 1,104 companies, not a prediction for CONDOCO. 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 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 27-07-2026 | 2026-00344326 | |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00345707 | |
| 31-12-2023 | abbreviated format | 21-08-2024 | 2024-00360523 | |
| 31-12-2022 | abbreviated format | 21-08-2023 | 2023-00350255 | |
| 31-12-2021 | abbreviated format | 11-08-2022 | 2022-20286125 | |
| 31-12-2020 | abbreviated format | 26-08-2021 | 2021-54900558 | |
| 31-12-2019 | abbreviated format | 18-09-2020 | 2020-54200254 | |
| 31-12-2018 | abbreviated format | 26-08-2019 | 2019-52400141 | |
| 31-12-2017 | abbreviated format | 28-09-2018 | 2018-67300152 | |
| 31-12-2016 | abbreviated format | 28-07-2017 | 2017-38900594 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
CONDOCO shares no director with another company.
Companies at the same address
6 other companies- Stevens, Emma (sole trader) Establishment · since 2026 0560727306
- H&L Clothing Establishment · since 2023 0797322182
- HBE Consulting Establishment · since 2022 0791287297
- Pantovel Registered office · since 2019 0727478422
- PAVELTON Registered office · since 2011 0836096250
- M2M Registered office · since 2000 0469230669
Connections & network
1 current directorThe network starts from the directors of CONDOCO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
15-09
Gazette deed
Registered office moved from Brasschaat to AntwerpenNew seat: Zuidervelodroom 104 bus 301, 2018 Antwerpen · Previous seat: H. De Winterlei 37, 2930 Brasschaat, België · Power of attorney4 points ▸
- Board meeting, 07-09-2026
- Registered-office move, Zuidervelodroom 104 bus 301, 2018 Antwerpen
- Power of attorney, Johanna Imbrechts
- Power of attorney, Maxime Degenaers
Show earlier events
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 |
|---|---|---|---|---|
| 11810K1738/00K000 | Flanders | 1,141 m² | 1 · 404 m² | 14.7 m · 4 |