CONDOR
ActiveCONDOR has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-85k) and a net result of €-49k. Equity is shrinking by ~49.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 2149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 0.38 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-44%
Return on assets
-25.2%
Age of the figures
8 mo
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
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€85k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
56 d late
2023
68 d late
2022
31 d late
2021
26 d late
2020
26 d late
2019
87 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-85k▼ 134%
2024 · €-36k
2018: €47k
2019: €18k
2020: €-8k
2021: €-33k
2022: €-33k
2023: €-9k
2024: €-36k
2018 → 2025
Total assets
€193k▲ 4.8%
2024 · €184k
2018: €128k
2019: €76k
2020: €58k
2021: €205k
2022: €191k
2023: €210k
2024: €184k
2018 → 2025
Net result
€-49k▼ 76.9%
2024 · €-28k
2018: €-138
2019: €-35k
2020: €-26k
2021: €-26k
2022: €200
2023: €24k
2024: €-28k
2018 → 2025
Working capital
€-117k▼ 95.7%
2024 · €-60k
2018: €88k
2019: €49k
2020: €11k
2021: €-65k
2022: €-49k
2023: €-19k
2024: €-60k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-33k-€-33k▲ 0.6%€-9k▲ 73.1%€-36k▼ 312%€-85k▼ 134%
Operating result€-22k-€6k€29k▲ 391%€-27k€-48k▼ 77.5%
Net result€-26k-€200€24k▲ 11,931%€-28k€-49k▼ 76.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €48k in 2025 against €27k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193k
Fixed assets
€156k▲ 5.8%
Current assets
€38k▲ 1.1%
Key figures and ratios
EBITDA
€-34k▼
2024 · €-17k
Cash flow
€-34k▼
2024 · €-18k
Solvency
-44.0%▼
2024 · -19.7%
Current ratio
0.24▼
2024 · 0.38
Quick ratio
0.24▼
2024 · 0.38
Debt / equity
-3.27▲
2024 · -6.07
ROE
57.3%▼
2024 · 75.7%
ROA
-25.2%▼
2024 · -14.9%
Interest coverage
-114.22▼
2024 · -63.60
Debt
€279k▲
2024 · €221k
Debt ≤ 1 year
€155k▲
2024 · €97k
Debt > 1 year
€120k=
2024 · €120k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€184k€193k▲
Fixed assets21/28€147k€156k▲
Tangible fixed assets22/27€147k€156k▲
Land and buildings22€127k€121k▼
Plant, machinery and equipment23€42€35▼
Furniture and vehicles24€20k€35k▲
Current assets29/58€37k€38k▲
Amounts receivable within one year40/41€35k€33k▼
Trade receivables40€7k€7k▼
Other amounts receivable41€27k€26k▼
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1€184€914▲
Equity and liabilities
Total equity and liabilities10/49€184k€193k▲
Equity10/15€-36k€-85k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€38k€38k=
Non-distributable reserves130/1€4k€4k=
Legal reserve130€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€33k€33k=
Profit (loss) carried forward14€-93k€-141k▼
Amounts payable17/49€221k€279k▲
Amounts payable after more than one year17€120k€120k=
Financial debts170/4€120k€120k=
Amounts payable within one year42/48€97k€155k▲
Current portion of amounts payable after more than one year42€2k€2k=
Trade debts44€7k€13k▲
Suppliers440/4€7k€13k▲
Other amounts payable47/48€88k€140k▲
Accrued charges and deferred income492/3€4k€4k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€15k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€108
Gross operating margin9900€-16k€-31k▼
Operating profit (loss)9901€-27k€-48k▼
Financial income75/76B€24€6▼
Recurring financial income75€24€6▼
Financial charges65/66B€272€295▲
Recurring financial charges65€272€295▲
Profit (loss) for the period before taxes9903€-28k€-49k▼
Profit (loss) for the period9904€-28k€-49k▼
Profit (loss) for the period to be appropriated9905€-28k€-49k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-93k€-141k▼
Profit (loss) brought forward from the previous period14P€-65k€-93k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet €-49k
Net result drops to €-49k, the lowest in the series.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Highest result since 2018net €24k ▲11931%
Operating result €29k, net result €24k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €200
Net result €200 after 4 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Bornem · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mansbroekveld(BOR) 332880 BornemGround area
686 m²
Building footprint
130 m²
Volume, LiDAR
678 m³
Parcel 12007C0168/00H000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mansbroekveld(BOR) 33, 2880 Bornem
since 20022.101.793.129
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007C0168/00H000 | Flanders | 686 m² | 1 · 129 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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B.I.F. CONSTRUCT
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L&S Projects
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Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 11,135 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-05-2002
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
43331Floor and wall tiling
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:03/8991154