CONDOR
Open bankruptcyA bankruptcy procedure is open for CONDOR according to publications in the Belgian State Gazette; curator: Ilse VAN DE MIEROP.
Summary
The 2020 annual accounts show equity of €79k and a net result of €7k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 01-02-2021, 1 day 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 · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
1 d late
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, abbreviated schema
Equity
€79k▲ 9.4%
2019 · €72k
2019: €72k
2019 → 2020
Total assets
€638k▲ 82.9%
2019 · €349k
2019: €349k
2019 → 2020
Net result
€7k
2019 · €-11k
2019: €-11k
2019 → 2020
Working capital
€113k▼ 9.2%
2019 · €124k
2019: €124k
2019 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020Trend
Equity€72k-€79k▲ 9.4%
Operating result€-8k-€11k
Net result€-11k-€7k
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 2020: €11k after a loss of €8k in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €638k
Fixed assets
€330 ▼ 70.5%
Current assets
€638k ▲ 83.4%
Equity and liabilities €638k
Equity
€79k ▲ 9.4%
Provisions
€0 ▼ 100%
Debt
€559k ▲ 108%
Debt's share of the balance-sheet total rises from 77.1% to 87.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.22▼
2019 · 1.56
Debt to equity
0.43▼
2019 · 0.63
ROE
8.6%▲
2019 · -14.7%
ROA
1.1%▲
2019 · -3.0%
Debt ≤ 1 year
€525k▲
2019 · €224k
Debt > 1 year
€34k▼
2019 · €46k
Income taxes
€585
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 27 lines
Balance sheet
Code20192020
Assets
Total assets20/58€349k€638k▲
Fixed assets21/28€1k€330▼
Tangible fixed assets22/27€790-
Financial fixed assets28€330€330=
Current assets29/58€348k€638k▲
Stocks and contracts in progress3€93k€35k▼
Amounts receivable within one year40/41€218k€563k▲
Cash at bank and in hand54/58€28k€31k▲
Equity and liabilities
Total equity and liabilities10/49€349k€638k▲
Equity10/15€72k€79k▲
Contributions10/11€26k€26k=
Reserves13€2k€2k=
Profit (loss) carried forward14€44k€51k▲
Provisions and deferred taxes16€8k-
Amounts payable17/49€269k€559k▲
Amounts payable after more than one year17€46k€34k▼
Amounts payable within one year42/48€224k€525k▲
Trade debts44€182k€338k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€627-
Gross operating margin9900€161k€134k▼
Operating profit (loss)9901€-8k€11k▲
Recurring financial income75€490€13▼
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-11k€7k▲
Income taxes67/77-€585
Profit (loss) for the period9904€-11k€7k▲
Profit (loss) for the period to be appropriated9905€-11k€7k▲
Timeline · acts, filings and financial milestones
2024
15-04
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · CONDOR CV HUINEGEM 42/B, 1730 ASSE · event 09-04-2024
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
30-06
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
08-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 56 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Asse · 1 establishment unit since 2014
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.
Huinegem 421730 AsseGround area
224 m²
Building footprint
115 m²
Volume, LiDAR
551 m³
Parcel 23322B0350/00W000, Flanders · tallest building 9.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CONDOR
since 20142.240.075.438
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322B0350/00W000 | Flanders | 224 m² | 1 · 115 m² | 9.4 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Ilse VAN DE MIEROP WOLSTRAAT 68-70,
1000 BRUSSEL 1 |
09-04-2024 → present |
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded12-09-2014
Fiscal year end30-06
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.