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CONDOR

Active
Private limited company (pre-2019)founded 2002active for 24 yearsMansbroekveld(BOR) 33, 2880 Bornem, BelgiumKBO/BCE: BE 0477.516.251

From the official registers: KBO 23 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of CONDOR is 4.8% (elevated). The 2025 annual accounts show negative equity (-€85,144) and a net result of -€48,749. Equity has been shrinking by about 49% per year since 2018. Its solvency ranks better than 5% of 2,790 sector peers (NACE 41, financial year 2025). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 10-05-2002 Normal situation
Legal form
Private limited company (pre-2019)
Registered office
Mansbroekveld(BOR) 33, 2880 Bornem
Activity
General construction of residential buildings NACE 41001and 4 others
Establishment unit
2.101.793.129 2880 Bornem, since 23-05-2002
Financial year end
31 December
Peppol
Reachable since 09-07-2025

Board and ownership

Board
  • BEERNAERT ANDY ANDYDirector

Financial position

34 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
4.8%
Annual accounts 2025
Gross margin
-€31,459
▼ 97.0%
Loss
€48,749
▲ 76.9%
Equity
-€85,144
▼ 134%
Total assets
€193,378
▲ 4.8%
Turnover not published (abbreviated or micro format)2025 accounts filed 29 days after the deadline
Filed on 29-08-2026at the National Bank
Score breakdownraises riskLast filed accounts filed 29 days late; 2 of the last 3 accounts lateSector: Construction of residential and non-residential buildings (NACE 41)Loss of €48,749, the second in a row (financial year 2025)lowers riskSize: total assets €193,378Show the evidence

Checked score

Score 2025
34 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 5% of micro companies in construction of buildings (NACE 41)
Financial strength · tick: 2024
Weak
Solvency 0-5
equity -44.0% of total assets
Liquidity 8-17
short-term debt 80.1% · cash 1.8%
Profitability 0=
return on assets -25.2%
Bankruptcy probability within 12 months
4.8% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,451 companies, NACE 41, micro)
Last 24 months 11-2024: 1.8% 12-2024: 1.8%● unchanged vs 11-2024 01-2025: 1.8%● unchanged vs 12-2024 02-2025: 1.8%● unchanged vs 01-2025 03-2025: 1.8%● unchanged vs 02-2025 04-2025: 1.7%▼ -0.1 percentage points vs 03-2025 05-2025: 1.7%● unchanged vs 04-2025 06-2025: 1.6%▼ -0.1 percentage points vs 05-2025 07-2025: 1.6%● unchanged vs 06-2025lowest value 08-2025: 2.0%▲ +0.4 percentage points vs 07-2025 09-2025: 2.3%▲ +0.3 percentage points vs 08-2025 10-2025: 5.2%▲ +2.9 percentage points vs 09-2025highest value 11-2025: 5.2%● unchanged vs 10-2025highest value 12-2025: 5.2%● unchanged vs 11-2025highest value 01-2026: 5.1%▼ -0.1 percentage points vs 12-2025 02-2026: 5.1%● unchanged vs 01-2026 03-2026: 5.1%● unchanged vs 02-2026 04-2026: 5.1%● unchanged vs 03-2026 05-2026: 4.7%▼ -0.4 percentage points vs 04-2026 06-2026: 4.6%▼ -0.1 percentage points vs 05-2026 07-2026: 4.7%▲ +0.1 percentage points vs 06-2026 08-2026: 5.0%▲ +0.3 percentage points vs 07-2026 09-2026: 4.8%▼ -0.2 percentage points vs 08-2026 10-2026: 4.8%● unchanged vs 09-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.24 (0.38 in 2024), below 1. Short-term debt is 80.1% and cash 1.8% of total assets. Equity is negative.
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 41, micro). It does better than 3% of them on solvency, 8% on liquidity, 5% on profitability and 4% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

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).

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Signals

Six signals.
lowers riskraises risk
raises risk · Last filed accounts filed 29 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Loss of €48,749, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €193,378
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€85,144
raises risk · 2025 accounts filed 29 days late
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. 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 filings
Deviation from the deadline
2025
29 days late
2024
56 days late
2023
68 days late
2022
31 days late
2021
26 days late
2020
26 days late
2019
87 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 46 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€85,144 View
  • Caution: Lower solvency than 95% of companies in construction of buildingssector median 38.6% · 2,790 companies -44.0% View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€48,749 View

Documents

Annual accounts at the NBB

All 23 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about CONDOR

What is the company number of CONDOR?
The company number of CONDOR is 0477.516.251. The VAT number is the same number with BE in front: BE 0477.516.251.
Where is CONDOR based?
The registered office is at Mansbroekveld(BOR) 33, 2880 Bornem.Company details
What does CONDOR do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of CONDOR?
The legal form of CONDOR is Private limited company (pre-2019) (BVBA).
When was CONDOR founded?
CONDOR was founded on 10-05-2002.
Is CONDOR still active?
Yes, CONDOR is an active enterprise in the KBO register.
What is the turnover of CONDOR?
The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
Is CONDOR profitable?
In financial year 2025, CONDOR made a loss of €48,749.
Where can I find the annual accounts of CONDOR?
CONDOR filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of CONDOR due?
CONDOR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Comparable companies

These companies have the same main activity as CONDOR: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €177,000 and €211,000, founded between 2000 and 2004.

CompanyTotal assetsGross margin
CONDOR Bornem€193,378-€31,459
DE TRE A. Pajottegem€188,089-€33,071
BACOBOUW Wingene€205,215-€16,900
HM PROJECTS Wemmel€201,431-€63,897
GO - RON Diepenbeek€210,736-€9,724
MALIMBUS Anderlecht€176,523-€6,248
DVS-CONSTRUCT Ronse€194,611-€11,472
Full comparison

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