Condor
ActiveSummary
For the legal form of Condor, Checked does not compute a bankruptcy probability. For Condor, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €5.6m and a net result of €3.1m. Equity is growing by ~9.4% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability50▲+31
Solvency100▲+32
Growth78▲+26
Track record100
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
56 d late
2021
11 d late
2020
3 d late
2019
47 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 29 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, abbreviated schema
Equity
€5.6m▲ 32.4%
2022 · €4.2m
Total assets
€5.7m▼ 41.6%
2022 · €9.8m
Net result
€3.1m
2022 · -€26,972
Working capital
€1.2m▼ 64.9%
2022 · €3.3m
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
Line20192020202120222023
Operating result€24,231▼ 60.0%€11,970▼ 50.6%-€21,263-€30,426▼ 43.1%€7,464
Net result€15,718▼ 61.1%€4,203▼ 73.3%-€23,565-€26,972▼ 14.5%€3.1m
Equity€4.3m▲ 60.9%€4.3m▲ 0.1%€4.2m▼ 0.6%€4.2m▼ 0.6%€5.6m▲ 32.4%
Total assets€8.3m▲ 60.6%€8.7m▲ 5.4%€8.3m▼ 5.4%€9.8m▲ 18.2%€5.7m▼ 41.6%
Debt€4.0m▲ 60.2%€4.5m▲ 11.1%€4.0m▼ 10.1%€5.5m▲ 38.1%€111,920▼ 98.0%
Working capital€5.7m▲ 121%€5.6m▼ 1.3%€5.2m▼ 7.4%€3.3m▼ 36.6%€1.2m▼ 64.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €7,464 after a loss of €30,426 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €5.7m
Fixed assets
€4.4m ▼ 1.1%
Current assets
€1.3m ▼ 75.9%
Equity and liabilities €5.7m
Equity
€5.6m ▲ 32.4%
Debt
€111,920 ▼ 98.0%
Debt's share of the balance-sheet total falls from 56.8% to 2.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7,464▼
2022 · €8,810
Cash flow
€3.1m▲
2022 · €12,265
Current ratio
11.38▲
2022 · 2.67
Quick ratio
3.95▲
2022 · 2.67
Debt to equity
0.02▼
2022 · 1.31
ROE
55.8%▲
2022 · -0.6%
ROA
54.7%▲
2022 · -0.3%
Interest coverage
0.05▼
2022 · 0.08
Debt ≤ 1 year
€111,920▼
2022 · €2.0m
Debt > 1 year
€0▼
2022 · €3.6m
Income taxes
€95▼
2022 · €923
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,470 | €39,237 | €39,237 | €39,237 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | €3,477 | €4,268 | €2,867 | ▼ 32.8% |
| Gross operating margin9900 | €42,555 | €56,071 | €21,450 | €13,078 | €10,331 | ▼ 21.0% |
| Operating profit (loss)9901 | €24,231 | €11,970 | -€21,263 | -€30,426 | €7,464 | ▲ 125% |
| Financial income75/76B | - | - | €150,000 | €118,750 | €3.3m | ▲ 2,641% |
| Recurring financial income75 | €150,000 | €150,872 | €150,000 | €118,750 | €3.3m | ▲ 2,641% |
| Financial charges65/66B | - | - | €151,015 | €114,373 | €146,857 | ▲ 28.4% |
| Recurring financial charges65 | €150,212 | €150,415 | €151,015 | €114,373 | €146,857 | ▲ 28.4% |
| Profit (loss) for the period before taxes9903 | €25,715 | €12,427 | -€22,278 | -€26,049 | €3.1m | ▲ 12,061% |
| Income taxes67/77 | €9,997 | €8,224 | €1,287 | €923 | €95 | ▼ 89.7% |
| Profit (loss) for the period9904 | €15,718 | €4,203 | -€23,565 | -€26,972 | €3.1m | ▲ 11,651% |
| Profit (loss) for the period to be appropriated9905 | €15,718 | €4,203 | -€23,565 | -€26,972 | €3.1m | ▲ 11,651% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.3m | €8.7m | €8.3m | €9.8m | €5.7m | ▼ 41.6% |
| Fixed assets21/28 | €2.5m | €2.6m | €2.6m | €4.5m | €4.4m | ▼ 1.1% |
| Tangible fixed assets22/27 | €46,410 | €126,006 | €86,770 | €2.0m | €1.9m | ▼ 2.4% |
| Land and buildings22 | - | - | - | €1.9m | €1.9m | = |
| Furniture and vehicles24 | - | - | €86,770 | €82,183 | €34,650 | ▼ 57.8% |
| Financial fixed assets28 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Current assets29/58 | €5.7m | €6.1m | €5.7m | €5.3m | €1.3m | ▼ 75.9% |
| Amounts receivable after more than one year29 | - | - | €5.6m | €5.2m | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | €5.6m | €5.2m | €0 | ▼ 100% |
| Stocks and contracts in progress3 | - | - | - | - | €832,576 | - |
| Stocks30/36 | - | - | - | - | €832,576 | - |
| Amounts receivable within one year40/41 | €20,425 | €53,088 | €22,201 | €4,971 | €6,194 | ▲ 24.6% |
| Other amounts receivable41 | - | - | €22,201 | €4,971 | €6,194 | ▲ 24.6% |
| Cash at bank and in hand54/58 | €118,973 | €458,379 | €53,082 | €86,581 | €435,371 | ▲ 403% |
| Deferred charges and accrued income490/1 | - | - | €123 | €2,201 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.3m | €8.7m | €8.3m | €9.8m | €5.7m | ▼ 41.6% |
| Equity10/15 | €4.3m | €4.3m | €4.2m | €4.2m | €5.6m | ▲ 32.4% |
| Contributions10/11 | - | - | €4.1m | €4.1m | €2.4m | ▼ 42.5% |
| Reserves13 | €6,567 | €6,567 | €6,567 | €6,567 | €6,567 | = |
| Non-distributable reserves130/1 | - | - | €6,567 | €6,567 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €6,567 | €0 | ▼ 100% |
| Other1319 | - | - | €6,567 | €0 | - | - |
| Distributable reserves133 | - | - | - | - | €6,567 | - |
| Profit (loss) carried forward14 | €140,490 | €144,693 | €121,128 | €94,156 | €3.2m | ▲ 3,309% |
| Amounts payable17/49 | €4.0m | €4.5m | €4.0m | €5.5m | €111,920 | ▼ 98.0% |
| Amounts payable after more than one year17 | €4.0m | €4.0m | €3.6m | €3.6m | €0 | ▼ 100% |
| Other amounts payable178/9 | - | - | €3.6m | €3.6m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €19,384 | €466,438 | €448,942 | €2.0m | €111,920 | ▼ 94.3% |
| Trade debts44 | €2,011 | €18,380 | - | €508 | €3,155 | ▲ 521% |
| Suppliers440/4 | - | - | - | €508 | €3,155 | ▲ 521% |
| Taxes, remuneration and social security45 | - | - | €48,942 | €87,099 | €25,798 | ▼ 70.4% |
| Taxes450/3 | - | - | €48,942 | €87,099 | €25,798 | ▼ 70.4% |
| Other amounts payable47/48 | - | - | €400,000 | €1.9m | €82,967 | ▼ 95.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,718 | €4,203 | -€23,565 | -€26,972 | €3.1m | ▲ 11,651% |
| + Depreciation and write-downs630 | €15,470 | €39,237 | €39,237 | €39,237 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €31,188 | €43,440 | €15,671 | €12,265 | €3.1m | ▲ 25,303% |
| Investment in fixed assets (approximation) | - | -€118,833 | €0 | -€1.9m | €47,533 | ▲ 102% |
| Change in cash | - | €339,406 | -€405,297 | €33,499 | €348,790 | ▲ 941% |
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
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Back to profitnet €3.1m
Net result €3.1m after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 11.38
Current ratio from 2.67 to 11.38; short-term debt falls from €2.0m to €111,920.
31-12
Financial
Equity above €5mEq €5.6m ▲32.4%
Equity rises from €4.2m to €5.6m.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 56 days late
2022
31-12
Financial
Weakest financial yearnet -€26,972
Net result drops to -€26,972, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 3 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 47 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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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Identification & contact
Identification
Legal formForeign entity
Founded08-12-2014
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.