CONDOR
ActiveSummary
CONDOR has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €62,019. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 59% of 7794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-1
Solvency87▲+7
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 5.14 against 6.7 in 2024; short-term debt: 5.5% and cash: 16.9% of total assets), and 38.1% 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 · 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.9%
Return on assets
2.6%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 20-10-2025, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
13 d early
2023
1 d early
2022
4 d early
2021
16 d late
2020
30 d early
2019
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.5m▲ 20.3%
2024 · €1.2m
Total assets
€2.4m▲ 7.3%
2024 · €2.2m
Net result
€62,019▼ 24.9%
2024 · €82,535
Working capital
€545,529▲ 68.8%
2024 · €323,272
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€29,658▼ 88.9%€59,045▲ 99.1%€103,009▲ 74.5%€145,602▲ 41.3%€128,953▼ 11.4%
Net result€11,059▼ 93.0%€11,600▲ 4.9%€58,429▲ 404%€82,535▲ 41.3%€62,019▼ 24.9%
Equity€1.5m▲ 0.9%€1.5m▲ 0.8%€1.5m▲ 4.0%€1.2m▼ 19.8%€1.5m▲ 20.3%
Total assets€2.1m▼ 2.7%€2.0m▼ 3.7%€2.0m▲ 0.6%€2.2m▲ 11.5%€2.4m▲ 7.3%
Debt€601,055▼ 10.5%€513,574▼ 14.6%€467,900▼ 8.9%€1.0m▲ 114%€889,183▼ 11.3%
Working capital€199,467▼ 3.1%€234,210▲ 17.4%€308,651▲ 31.8%€323,272▲ 4.7%€545,529▲ 68.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€1.7m ▼ 7.3%
Current assets
€677,392 ▲ 78.3%
Equity and liabilities €2.4m
Equity
€1.5m ▲ 20.3%
Provisions
€25,000
Debt
€889,183 ▼ 11.3%
Debt's share of the balance-sheet total falls from 44.8% to 37.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€238,831▼
2024 · €248,551
Cash flow
€171,897▼
2024 · €185,484
Current ratio
5.14▼
2024 · 6.70
Debt to equity
0.60▼
2024 · 0.81
ROE
4.2%▼
2024 · 6.7%
ROA
2.6%▼
2024 · 3.7%
Interest coverage
6.50▼
2024 · 11.31
Debt ≤ 1 year
€131,863▲
2024 · €56,698
Debt > 1 year
€736,000▼
2024 · €936,000
Income taxes
€33,903▼
2024 · €41,279
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €97,559 | €97,331 | €99,096 | €102,950 | €109,878 | ▲ 6.7% |
| Other operating charges640/8 | - | €11,250 | €8,362 | €11,361 | €8,855 | ▼ 22.1% |
| Non-recurring operating charges66A | - | - | - | - | €494 | - |
| Gross operating margin9900 | €137,500 | €167,626 | €210,467 | €259,912 | €248,179 | ▼ 4.5% |
| Operating profit (loss)9901 | €29,658 | €59,045 | €103,009 | €145,602 | €128,953 | ▼ 11.4% |
| Financial income75/76B | - | €1 | €2 | €182 | €3,686 | ▲ 1,928% |
| Recurring financial income75 | - | €1 | €2 | €182 | €3,686 | ▲ 1,928% |
| Financial charges65/66B | - | €21,316 | €20,901 | €21,970 | €36,718 | ▲ 67.1% |
| Recurring financial charges65 | €11,234 | €21,316 | €20,901 | €21,970 | €36,718 | ▲ 67.1% |
| Profit (loss) for the period before taxes9903 | €18,424 | €37,730 | €82,109 | €123,813 | €95,922 | ▼ 22.5% |
| Income taxes67/77 | €7,365 | €26,129 | €23,680 | €41,279 | €33,903 | ▼ 17.9% |
| Profit (loss) for the period9904 | €11,059 | €11,600 | €58,429 | €82,535 | €62,019 | ▼ 24.9% |
| Profit (loss) for the period to be appropriated9905 | €11,059 | €11,600 | €58,429 | €82,535 | €62,019 | ▼ 24.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.0m | €2.0m | €2.2m | €2.4m | ▲ 7.3% |
| Fixed assets21/28 | €1.8m | €1.7m | €1.6m | €1.9m | €1.7m | ▼ 7.3% |
| Intangible fixed assets21 | - | - | - | - | €195,898 | - |
| Tangible fixed assets22/27 | €1.8m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 4.5% |
| Land and buildings22 | - | €1.1m | €1.0m | €1.5m | €1.4m | ▼ 5.0% |
| Plant, machinery and equipment23 | - | €625,960 | €573,683 | €45,156 | €45,156 | = |
| Furniture and vehicles24 | - | €7,061 | €14,341 | €15,036 | €12,892 | ▼ 14.3% |
| Other tangible fixed assets26 | - | €5,661 | €5,661 | €33,661 | €39,161 | ▲ 16.3% |
| Financial fixed assets28 | - | - | - | €260,000 | €0 | ▼ 100% |
| Current assets29/58 | €306,968 | €296,987 | €377,287 | €379,970 | €677,392 | ▲ 78.3% |
| Amounts receivable within one year40/41 | €35,671 | €42,989 | €34,546 | €26,924 | €27,193 | ▲ 1.0% |
| Trade receivables40 | - | €35,090 | €34,546 | €26,924 | €26,654 | ▼ 1.0% |
| Other amounts receivable41 | - | €7,899 | - | - | €539 | - |
| Current investments50/53 | €240,343 | €246,273 | €246,273 | €246,273 | €246,273 | = |
| Cash at bank and in hand54/58 | €30,954 | €7,725 | €96,469 | €106,774 | €403,927 | ▲ 278% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.0m | €2.0m | €2.2m | €2.4m | ▲ 7.3% |
| Equity10/15 | €1.5m | €1.5m | €1.5m | €1.2m | €1.5m | ▲ 20.3% |
| Contributions10/11 | - | €645,947 | €645,947 | €645,947 | €645,947 | = |
| Reserves13 | €767,713 | €779,313 | €889,640 | €586,317 | €836,315 | ▲ 42.6% |
| Non-distributable reserves130/1 | - | €3,666 | €1,571 | €1,571 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €3,666 | €1,571 | €1,571 | €0 | ▼ 100% |
| Distributable reserves133 | - | €775,648 | €888,069 | €584,746 | €836,315 | ▲ 43.0% |
| Profit (loss) carried forward14 | €51,897 | €51,897 | - | €0 | €0 | - |
| Provisions and deferred taxes16 | - | - | - | - | €25,000 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €25,000 | - |
| Other liabilities and charges164/5 | - | - | - | - | €25,000 | - |
| Amounts payable17/49 | €601,055 | €513,574 | €467,900 | €1.0m | €889,183 | ▼ 11.3% |
| Amounts payable after more than one year17 | €483,414 | €442,172 | €390,931 | €936,000 | €736,000 | ▼ 21.4% |
| Financial debts170/4 | - | €49,672 | €8,431 | €0 | - | - |
| Other amounts payable178/9 | - | €392,500 | €382,500 | €936,000 | €736,000 | ▼ 21.4% |
| Amounts payable within one year42/48 | €107,501 | €62,777 | €68,636 | €56,698 | €131,863 | ▲ 133% |
| Current portion of amounts payable after more than one year42 | - | €43,742 | €41,242 | €8,431 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | - | €178 | - |
| Credit institutions430/8 | - | - | - | - | €178 | - |
| Trade debts44 | €24,531 | €7,411 | €7,542 | €10,692 | €407 | ▼ 96.2% |
| Suppliers440/4 | - | €7,411 | €7,542 | €10,692 | €407 | ▼ 96.2% |
| Taxes, remuneration and social security45 | - | €11,625 | €19,660 | €34,379 | €24,201 | ▼ 29.6% |
| Taxes450/3 | - | €11,625 | €19,660 | €34,379 | €24,201 | ▼ 29.6% |
| Other amounts payable47/48 | - | - | €192 | €3,197 | €107,076 | ▲ 3,250% |
| Accrued charges and deferred income492/3 | - | €8,625 | €8,333 | €9,263 | €21,320 | ▲ 130% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,059 | €11,600 | €58,429 | €82,535 | €62,019 | ▼ 24.9% |
| + Depreciation and write-downs630 | €97,559 | €97,331 | €99,096 | €102,950 | €109,878 | ▲ 6.7% |
| Operating cash flow (approximation) | €108,618 | €108,932 | €157,526 | €185,484 | €171,897 | ▼ 7.3% |
| Investment in fixed assets (approximation) | - | -€31,432 | -€31,551 | -€331,005 | €25,324 | ▲ 108% |
| Change in cash | - | -€23,229 | €88,744 | €10,305 | €297,153 | ▲ 2,784% |
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
Next filing, fiscal year 2026, expected by
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
18-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
31-03
Financial
Weakest financial yearnet €11,059 ▼93%
Net result drops to €11,059, the lowest in the series; recovery starts the following year.
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Highest result since 2019net €158,625 ▲45.2%
Operating result €266,560, net result €158,625, both a record.
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Knokke-Heist · 1 establishment unit since 1990
Ground area
845 m²
Building footprint
179 m²
Volume, LiDAR
1,205 m³
Parcel 31337F0442/00_000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CONDOR NV
since 19902.050.133.996
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31337F0442/00_000 | Flanders | 845 m² | 1 · 179 m² | 11.3 m · 3 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 24,517 companies in sector 82990 we hold annual accounts for 9,412. 3,800 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
Founded24-07-1990
Fiscal year end31-03
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.