CONDOMINIUM II
ActiveSummary
CONDOMINIUM II has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €525k and a net result of €110k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 49% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability27▼-73
Solvency55=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.4 in 2023; short-term debt: 61.1% and cash: 0.4% of total assets), but 70.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 €525k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
5 d late
2022
70 d late
2021
92 d late
2020
89 d late
2019
70 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€6k▼ 97.8%
2018 · €274k
2018: €274k
2019: €6k▼ -97.8% vs 2018
2018 → 2019
EBIT margin
-6282.0%▼ 6237.2pp
2018 · -44.8%
2018: -44.8%
2019: -6282.0%▼ -13915% vs 2018
2018 → 2019
Net result
€110k▼ 67.7%
2023 · €342k
2018: €-140k
2019: €-377k▼ -168% vs 2018lowest in 7 years
2020: €-296k▲ +21.6% vs 2019
2021: €24k▲ +108% vs 2020
2022: €58k▲ +143% vs 2021
2023: €342k▲ +494% vs 2022highest in 7 years
2024: €110k▼ -67.7% vs 2023
2018 → 2024
Working capital
€668k▲ 75.0%
2023 · €382k
2018: €-225klowest in 7 years
2019: €168k▲ +175% vs 2018
2020: €-38k▼ -122% vs 2019
2021: €-14k▲ +64.1% vs 2020
2022: €42k▲ +413% vs 2021
2023: €382k▲ +801% vs 2022
2024: €668k▲ +75.0% vs 2023highest 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€-9k-€15k€73k▲ 381%€415k▲ 470%€525k▲ 26.6%
2020: €-9klowest in 5 years
2021: €15k▲ +276% vs 2020
2022: €73k▲ +381% vs 2021
2023: €415k▲ +470% vs 2022
2024: €525k▲ +26.6% vs 2023highest in 5 years
Operating result€-198k-€27k€70k▲ 158%€344k▲ 394%€-136k
2020: €-198klowest in 5 years
2021: €27k▲ +114% vs 2020
2022: €70k▲ +158% vs 2021
2023: €344k▲ +394% vs 2022highest in 5 years
2024: €-136k▼ -139% vs 2023
Net result€-296k-€24k€58k▲ 143%€342k▲ 494%€110k▼ 67.7%
2020: €-296klowest in 5 years
2021: €24k▲ +108% vs 2020
2022: €58k▲ +143% vs 2021
2023: €342k▲ +494% vs 2022highest in 5 years
2024: €110k▼ -67.7% vs 2023
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €136k after €344k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.77M
Fixed assets
€22k ▼ 37.5%
Current assets
€1.75M ▲ 30.2%
Equity and liabilities €1.77M
Equity
€525k ▲ 26.6%
Debt
€1.25M ▲ 29.2%
Debt's share of the balance-sheet total rises from 69.9% to 70.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-135k▼
2023 · €345k
Cash flow
€111k▼
2023 · €343k
Current ratio
1.62▲
2023 · 1.40
Quick ratio
0.46▼
2023 · 0.51
Debt to equity
2.37▲
2023 · 2.33
ROE
21.0%▼
2023 · 82.5%
ROA
6.2%▼
2023 · 24.8%
Interest coverage
-29.58▼
2023 · 144.80
Debt ≤ 1 year
€1.08M▲
2023 · €963k
Debt > 1 year
€165k▲
2023 · €2k
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 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.38M€1.77M▲
Fixed assets21/28€35k€22k▼
Intangible fixed assets21€398€0▼
Tangible fixed assets22/27€20k€20k=
Furniture and vehicles24€0€0=
Other tangible fixed assets26€20k€20k=
Financial fixed assets28€15k€2k▼
Current assets29/58€1.35M€1.75M▲
Stocks and contracts in progress3€854k€1.26M▲
Contracts in progress37€854k€1.26M▲
Amounts receivable within one year40/41€489k€486k▼
Trade receivables40€428k€428k=
Other amounts receivable41€61k€57k▼
Cash at bank and in hand54/58€1k€7k▲
Deferred charges and accrued income490/1€549€263▼
Equity and liabilities
Total equity and liabilities10/49€1.38M€1.77M▲
Equity10/15€415k€525k▲
Contributions10/11€1.20M€1.20M=
Reserves13€926k€926k=
Non-distributable reserves130/1€37k-
Reserves not available under the articles1311€37k-
Tax-exempt reserves132€889k€889k=
Distributable reserves133-€37k
Profit (loss) carried forward14€-1.71M€-1.60M▲
Amounts payable17/49€966k€1.25M▲
Amounts payable after more than one year17€2k€165k▲
Financial debts170/4€2k€165k▲
Amounts payable within one year42/48€963k€1.08M▲
Current portion of amounts payable after more than one year42€4k€2k▼
Trade debts44€16k€50k▲
Suppliers440/4€16k€50k▲
Taxes, remuneration and social security45€12k€12k=
Taxes450/3€12k€12k=
Other amounts payable47/48€932k€1.02M▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€888€398▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€227k
Gross operating margin9900€346k€94k▼
Operating profit (loss)9901€344k€-136k▼
Financial income75/76B€605€251k▲
Recurring financial income75€605€24k▲
Non-recurring financial income76B-€227k
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€342k€110k▼
Profit (loss) for the period9904€342k€110k▼
Profit (loss) for the period to be appropriated9905€342k€110k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.71M€-1.60M▲
Profit (loss) brought forward from the previous period14P€-2.05M€-1.71M▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €495 | €6k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €2k | €888 | €398 | ▼ 55.1% |
| Other operating charges640/8 | - | - | €2k | €1k | €2k | ▲ 50.3% |
| Non-recurring operating charges66A | - | - | - | - | €227k | - |
| Gross operating margin9900 | €-134k | €31k | €79k | €346k | €94k | ▼ 72.9% |
| Operating profit (loss)9901 | €-198k | €27k | €70k | €344k | €-136k | ▼ 139% |
| Financial income75/76B | - | €3 | €4 | €605 | €251k | ▲ 41,310% |
| Recurring financial income75 | €2k | €3 | €4 | €605 | €24k | ▲ 3,790% |
| Non-recurring financial income76B | - | - | - | - | €227k | - |
| Financial charges65/66B | - | €3k | €12k | €2k | €5k | ▲ 91.9% |
| Recurring financial charges65 | €8k | €3k | €12k | €2k | €5k | ▲ 91.9% |
| Profit (loss) for the period before taxes9903 | €-295k | €24k | €58k | €342k | €110k | ▼ 67.7% |
| Income taxes67/77 | €220 | €89 | - | - | - | - |
| Profit (loss) for the period9904 | €-296k | €24k | €58k | €342k | €110k | ▼ 67.7% |
| Profit (loss) for the period to be appropriated9905 | €-296k | €24k | €58k | €342k | €110k | ▼ 67.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €819k | €890k | €806k | €1.38M | €1.77M | ▲ 28.4% |
| Fixed assets21/28 | €42k | €38k | €36k | €35k | €22k | ▼ 37.5% |
| Intangible fixed assets21 | €4k | €3k | €1k | €398 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €23k | €20k | €20k | €20k | €20k | = |
| Furniture and vehicles24 | - | €549 | €0 | €0 | €0 | - |
| Other tangible fixed assets26 | - | €20k | €20k | €20k | €20k | = |
| Financial fixed assets28 | €15k | €15k | €15k | €15k | €2k | ▼ 83.9% |
| Current assets29/58 | €777k | €852k | €770k | €1.35M | €1.75M | ▲ 30.2% |
| Stocks and contracts in progress3 | €611k | €725k | €668k | €854k | €1.26M | ▲ 47.2% |
| Contracts in progress37 | - | €725k | €668k | €854k | €1.26M | ▲ 47.2% |
| Amounts receivable within one year40/41 | €111k | €104k | €100k | €489k | €486k | ▼ 0.7% |
| Trade receivables40 | - | €40k | €41k | €428k | €428k | = |
| Other amounts receivable41 | - | €64k | €59k | €61k | €57k | ▼ 5.8% |
| Cash at bank and in hand54/58 | €30k | €13k | €1k | €1k | €7k | ▲ 494% |
| Deferred charges and accrued income490/1 | - | €10k | €311 | €549 | €263 | ▼ 52.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €819k | €890k | €806k | €1.38M | €1.77M | ▲ 28.4% |
| Equity10/15 | €-9k | €15k | €73k | €415k | €525k | ▲ 26.6% |
| Contributions10/11 | - | €1.20M | €1.20M | €1.20M | €1.20M | = |
| Reserves13 | €926k | €926k | €926k | €926k | €926k | = |
| Non-distributable reserves130/1 | - | €37k | €37k | €37k | - | - |
| Reserves not available under the articles1311 | - | €37k | €37k | €37k | - | - |
| Tax-exempt reserves132 | - | €889k | €889k | €889k | €889k | = |
| Distributable reserves133 | - | - | - | - | €37k | - |
| Profit (loss) carried forward14 | €-2.13M | €-2.11M | €-2.05M | €-1.71M | €-1.60M | ▲ 6.5% |
| Amounts payable17/49 | €828k | €875k | €733k | €966k | €1.25M | ▲ 29.2% |
| Amounts payable after more than one year17 | €13k | €9k | €6k | €2k | €165k | ▲ 6,823% |
| Financial debts170/4 | - | €9k | €6k | €2k | €165k | ▲ 6,823% |
| Amounts payable within one year42/48 | €815k | €865k | €727k | €963k | €1.08M | ▲ 12.4% |
| Current portion of amounts payable after more than one year42 | - | €3k | €4k | €4k | €2k | ▼ 32.8% |
| Trade debts44 | €113k | €77k | €58k | €16k | €50k | ▲ 215% |
| Suppliers440/4 | - | €77k | €58k | €16k | €50k | ▲ 215% |
| Taxes, remuneration and social security45 | - | - | €49 | €12k | €12k | = |
| Taxes450/3 | - | - | €49 | €12k | €12k | = |
| Other amounts payable47/48 | - | €785k | €666k | €932k | €1.02M | ▲ 9.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-296k | €24k | €58k | €342k | €110k | ▼ 67.7% |
| + Depreciation and write-downs630 | €4k | €4k | €2k | €888 | €398 | ▼ 55.1% |
| Operating cash flow (approximation) | €-292k | €28k | €59k | €343k | €111k | ▼ 67.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €13k | - |
| Change in cash | - | €-18k | €-12k | €167 | €6k | ▲ 3,585% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Equity above €500kEq €525k ▲26.6%
4 profitable years in a row build equity to €525k.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
2023
31-12
Financial
Highest result since 2018net €342k ▲494%
Operating result €344k, net result €342k, both a record.
31-12
Financial
Equity above €200kEq €415k ▲470%
3 profitable years in a row build equity to €415k.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 92 days late
2021
31-12
Financial
Back to profitnet €24k
Net result €24k after 3 loss-making years.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 70 days late
2019
31-12
Financial
Weakest financial yearnet €-377k
Net result drops to €-377k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €287k
Equity rises from €-161k to €287k.
Show earlier events
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Antwerpen · 1 establishment unit since 1996
Ground area
457 m²
Building footprint
460 m²
Volume, LiDAR
10,283 m³
Parcel 11802B0062/00C002, Flanders · tallest building 26.9 m, ±8 floors. Linked by address, not a title deed.
45
companies at this address
See who is registered here
1 establishment unit
CONDOMINIUM II
since 19962.076.185.624
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B0062/00C002 | Flanders | 457 m² | 1 · 460 m² | 26.9 m · 8 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,660 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
Founded06-11-1995
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.