Summary
CONDOR has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178,546. Equity is growing by about 3.6% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.1% (low).
Financials · financial year 2025, micro format
Turnover
€170,550▲ 3.7%
2018 · €164,452
EBIT margin
13.6%▲ 1.4pp
2018 · 12.2%
Net result
€7,706
2023 · €0
Working capital
€171,336=
2024 · €171,336
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result stays at €0 in 2024, level with 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€170,550
2019
Operating result€0
2024
Net result€7,706
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€179,381
2025
Equity€178,546
2025
Debt€835
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€171,336
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin13.6%
2019
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920212022202320242025
Turnover€164,452-€170,550▲ 3.7%
Operating result€20,121-€23,235▲ 15.5%€12,861--€1,458€0€0
Net result€22,355-€26,130▲ 16.9%€22,405--€1,458€0€7,706
EBIT margin12.2%-13.6%▲ 1.4pp
Equity€134,781-€145,911▲ 8.3%€172,299-€170,840▼ 0.8%€170,840=€178,546▲ 4.5%€178,546=
Total assets€143,216-€165,372▲ 15.5%€172,580-€172,887▲ 0.2%€172,887=€179,381▲ 3.8%€179,381=
Debt€8,435-€19,461▲ 131%€282-€2,046▲ 627%€2,046=€835▼ 59.2%€835=
Working capital€130,127-€132,474▲ 1.8%€165,089-€163,631▼ 0.9%€163,631=€171,336▲ 4.7%€171,336=
Staff (FTE)0-
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179,381
Fixed assets
€7,210 =
Current assets
€172,172 =
Equity and liabilities €179,381
Equity
€178,546 =
Debt
€835 =
Debt's share of the balance-sheet total stays at 0.5%.
Key figures and ratios
Debt to equity
0.00=
2024 · 0.00
Debt ≤ 1 year
€835=
2024 · €835
A ratio outside any meaningful range has been withheld (balance sheet total €179,381, equity €178,546).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €164,452 | €170,550 | - | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €4,952 | €1,458 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,906 | €2,762 | €3,323 | - | - | - | - | - |
| Other operating charges640/8 | - | - | €447 | - | - | - | - | - |
| Gross operating margin9900 | €25,395 | €27,786 | €16,631 | -€1,458 | €0 | €0 | - | - |
| Operating profit (loss)9901 | €20,121 | €23,235 | €12,861 | -€1,458 | €0 | €0 | - | - |
| Financial income75/76B | - | - | €10,087 | - | - | €8,541 | - | - |
| Recurring financial income75 | €8,462 | €8,808 | €10,087 | - | - | €8,541 | - | - |
| Financial charges65/66B | - | - | €261 | - | - | - | - | - |
| Recurring financial charges65 | €261 | €2,463 | €261 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €28,323 | €29,580 | €22,687 | -€1,458 | €0 | €8,541 | - | - |
| Income taxes67/77 | €5,968 | €3,451 | €282 | - | - | €835 | - | - |
| Profit (loss) for the period9904 | €22,355 | €26,130 | €22,405 | -€1,458 | €0 | €7,706 | - | - |
| Profit (loss) for the period to be appropriated9905 | €22,355 | €26,130 | €22,405 | -€1,458 | €0 | €7,706 | - | - |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €143,216 | €165,372 | €172,580 | €172,887 | €172,887 | €179,381 | €179,381 | = |
| Fixed assets21/28 | €4,654 | €13,437 | €7,210 | €7,210 | €7,210 | €7,210 | €7,210 | = |
| Tangible fixed assets22/27 | €4,654 | €13,437 | €7,210 | €7,210 | €7,210 | €7,210 | €7,210 | = |
| Land and buildings22 | - | - | €0 | €0 | - | €0 | - | - |
| Plant, machinery and equipment23 | - | - | €2,388 | €2,388 | €2,388 | €2,388 | €2,388 | = |
| Furniture and vehicles24 | - | - | €0 | €0 | - | €0 | - | - |
| Other tangible fixed assets26 | - | - | €4,822 | €4,822 | €4,822 | €4,822 | €4,822 | = |
| Current assets29/58 | €138,562 | €151,935 | €165,371 | €165,677 | €165,677 | €172,172 | €172,172 | = |
| Stocks and contracts in progress3 | €14,909 | €12,584 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €101,720 | €99,030 | €110,449 | €110,755 | €110,755 | €172,172 | €172,172 | = |
| Other amounts receivable41 | - | - | €110,449 | €110,755 | €110,755 | €172,172 | €172,172 | = |
| Cash at bank and in hand54/58 | €19,133 | €37,399 | €54,922 | €54,922 | €54,922 | €0 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €143,216 | €165,372 | €172,580 | €172,887 | €172,887 | €179,381 | €179,381 | = |
| Equity10/15 | €134,781 | €145,911 | €172,299 | €170,840 | €170,840 | €178,546 | €178,546 | = |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €126,724 | €137,854 | €164,242 | €162,784 | €162,784 | €170,490 | €170,490 | = |
| Amounts payable17/49 | €8,435 | €19,461 | €282 | €2,046 | €2,046 | €835 | €835 | = |
| Amounts payable within one year42/48 | €8,435 | €19,461 | €282 | €2,046 | €2,046 | €835 | €835 | = |
| Trade debts44 | €471 | €1,061 | €0 | €1,765 | €1,765 | €0 | - | - |
| Suppliers440/4 | - | - | €0 | €1,765 | €1,765 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | €282 | €282 | €282 | €835 | €835 | = |
| Taxes450/3 | - | - | €282 | €282 | €282 | €835 | €835 | = |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,355 | €26,130 | €22,405 | -€1,458 | €0 | €7,706 | - | - |
| + Depreciation and write-downs630 | €1,906 | €2,762 | €3,323 | - | - | - | - | - |
| Operating cash flow (approximation) | €24,261 | €28,891 | €25,728 | -€1,458 | €0 | €7,706 | - | - |
| Investment in fixed assets (approximation) | - | -€11,544 | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €18,265 | - | €0 | €0 | -€54,922 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 12-10-2026 | 2026-00553733 |
| 31-12-2024 | micro format | 15-09-2025 | 2025-00501532 |
| 31-12-2023 | micro format | 04-06-2024 | 2024-00124595 |
| 31-12-2022 | micro format | 28-09-2023 | 2023-00465328 |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20249935 |
| 31-12-2019 | micro format | 16-06-2020 | 2020-17100441 |
| 31-12-2018 | full format | 22-07-2019 | 2019-37400140 |
| 31-12-2017 | full format | 05-07-2018 | 2018-29800189 |
| 31-12-2016 | full format | 04-07-2017 | 2017-28100178 |
| 31-12-2015 | full format | 06-07-2016 | 2016-28900329 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.