Result
-€1,107 -€1,107
From profit to loss in 2025, after a profit of €110,393 in 2024.
CONDOMINIUM II
Lifetime
20 annual accounts with figures on one time axis, 30 filings since 1996peak €660,694 (2006)
€19,781▼ 78.9%
lowest -€549,614 (2015)
-€1,107▼ €111,499
peak €611,379 (2012)
€524,339▼ 0.2%
€1.2m▼ 7.1%
peak 2.3 FTE (2006)
-not published
Board5 names since 2019
3 directorsGlibert Marie Yannick and 2 others
Owners
consolidatesPAPAROTI & Co
Documentsfilings and deeds
13-10-202674 days late
2025abbreviated format
Gross margin from €93,845 to €19,781Loss of €1,107Cash from €7,414 to €11,491
Key points
from the 2025 annual accountsFilings
30 annual accounts 74 days
Latest accounts filed late: after the legal deadline.
At the same address
45 companies
Checked score
80
Excellent
Financially stronger than 36% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.2 percentage points vs 06-2025
08-2025: 1.2%▲ +0.4 percentage points vs 07-2025
09-2025: 1.4%▲ +0.2 percentage points vs 08-2025
10-2025: 1.8%▲ +0.4 percentage points vs 09-2025highest value
11-2025: 0.5%▼ -1.3 percentage points vs 10-2025lowest value
12-2025: 0.5%● unchanged vs 11-2025lowest value
01-2026: 0.5%● unchanged vs 12-2025lowest value
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.6%▲ +0.1 percentage points vs 06-2026
08-2026: 1.0%▲ +0.4 percentage points vs 07-2026
09-2026: 1.2%▲ +0.2 percentage points vs 08-2026
10-2026: 0.5%▼ -0.7 percentage points vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 74 days late; 2 of the last 3 accounts late
Liquidity: current ratio 1.73, cash €11,491
lowers risk
Size: total assets €1.7m
Founded in 1995
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 68, micro). It does better than 50% of them on solvency, 17% on liquidity, 33% on profitability and 44% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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, 8,617 companies had the same profile as CONDOMINIUM II has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CONDOMINIUM II itself: 0.5% 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 8,617 companies, not a prediction for CONDOMINIUM II. 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 €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.73 (1.62 in 2024), above the usual 1.5. Short-term debt is 57% and cash 0.7% of total assets. However, 68.8% 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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 74 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-10-2026, 74 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
74 days late
2024
61 days late
2023
5 days late
2022
70 days late
2021
92 days late
2020
89 days late
2019
70 days late
← 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 66 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 9 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
GM
Glibert Marie Yannick
Director, since 19-12-2019
- PAPAROTI & Co 89.95%score 67equity €3.9m (2025) · 2025 annual accounts of PAPAROTI & Co
- Paparoti & Co NV consolidatesannual accounts 2025
- Tim Stevens 10.03%annual accounts 2019
Shares in 3 companies, including CONDOMINIUM & PARTNERS and LOFTING HORECA
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0456430035
Environmental permit granted
Slopen van niet vrijstaande gebouwen of constructies, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Stekene
Environmental permit granted
Bouwen of herbouwen · Sint-Gillis-Waas
Environmental permit granted
Slopen van niet vrijstaande gebouwen of constructies · Wommelgem
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as CONDOMINIUM II: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.3m and €2.1m, founded between 1990 and 1999.
Official details
Source: KBO- Status
- Active since 06-11-1995Normal situation
- Registered office
- 47 active companies are registered at this address5 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.076.185.6242000 Antwerp, since 18-04-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 18-09-2026
Insights on CONDOMINIUM II
CONDOMINIUM II files the abbreviated format. That format states no turnover. The gross margin fell from €660,694 in 2006 to €19,781 in 2025.
PAPAROTI & Co holds 89.95% of 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 CONDOMINIUM II
- What is the company number of CONDOMINIUM II?
- The company number of CONDOMINIUM II is 0456.430.035. The VAT number is the same number with BE in front: BE 0456.430.035.
- Where is CONDOMINIUM II based?
- The registered office is at Godefriduskaai 12, 2000 Antwerp.Company details
- What does CONDOMINIUM II do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of CONDOMINIUM II?
- CONDOMINIUM II is a private limited company (BV).
- When was CONDOMINIUM II founded?
- CONDOMINIUM II was founded on 06-11-1995.
- Is CONDOMINIUM II still active?
- Yes, CONDOMINIUM II is an active enterprise in the KBO register.
- How many employees does CONDOMINIUM II have?
- CONDOMINIUM II had an average of 0.8 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of CONDOMINIUM II?
- The turnover in financial year 2025 is ≈ €82,000. This figure is estimated from the gross margin of €19,781 and 48 comparable companies (NACE 68121). It probably lies between €41,000 and €260,000. It is a rough estimate. In financial year 2019 turnover was €6,098.
- Is CONDOMINIUM II profitable?
- In financial year 2025, CONDOMINIUM II made a loss of €1,107.
- Where can I find the annual accounts of CONDOMINIUM II?
- CONDOMINIUM II filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CONDOMINIUM II due?
- CONDOMINIUM II must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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