Condor 1

Active

Private limited companyfounded 20215 yrs activeLouizalaan 489, 1050 Brussel, BelgiumKBO/BCE: BE 0770.906.213

The computed 12-month bankruptcy probability of Condor 1 is 5.0% (elevated). The 2024 annual accounts show equity of €2.44M and a net result of €-12k. Equity remains stable across the filed fiscal years (±0.3% per year). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

53 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability36▼-1

Solvency100=

Growth32▼-26

Track record94

Bankruptcy probability, 12 months

5.0% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €120k at 30 days only on tighter terms

Liquidity short (current ratio 0.25 against 0.48 in 2023; short-term debt: 1.4% and cash: 0.4% of total assets), and 1.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

45 d early

2023

37 d early

2022

28 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-12k▼ 191%

2023 · €-4k

2022: €-11k 2023: €-4k

2022 → 2024

Working capital

€-27k▼ 85.0%

2023 · €-14k

2022: €-10k 2023: €-14k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€2.46M-€2.45M▼ 0.2%€2.44M▼ 0.5%

Operating result€-8k-€-4k▲ 50.4%€-4k▼ 1.1%

Net result€-11k-€-4k▲ 62.3%€-12k▼ 191%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €4k in 2024 against €4k in 2023; the loss grows.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €2.47M

99.6%

Fixed assets €2.47M=

Current assets €9k▼ 31.8%

Equity and liabilities €2.47M

98.6%

Equity €2.44M▼ 0.5%

Debt €36k▲ 29.3%

The debt ratio rises from 1.1% to 1.4%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

Solvency

98.6%▼

2023 · 98.9%

Current ratio

0.25▼

2023 · 0.48

Quick ratio

0.25▼

2023 · 0.48

Debt / equity

0.01▲

2023 · 0.01

ROE

-0.5%▼

2023 · -0.2%

ROA

-0.5%▼

2023 · -0.2%

Debt

€36k▲

2023 · €28k

Debt ≤ 1 year

€36k▲

2023 · €28k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€2.48M€2.47M▼

Fixed assets21/28€2.47M€2.47M=

Financial fixed assets28€2.47M€2.47M=

Current assets29/58€13k€9k▼

Cash at bank and in hand54/58€13k€9k▼

Equity and liabilities

Total equity and liabilities10/49€2.48M€2.47M▼

Equity10/15€2.45M€2.44M▼

Contributions10/11€2.47M€2.47M=

Profit (loss) carried forward14€-15k€-28k▼

Amounts payable17/49€28k€36k▲

Amounts payable within one year42/48€28k€36k▲

Trade debts44€0-

Suppliers440/4€0-

Other amounts payable47/48€28k€36k▲

Income statement Code20232024

Other operating charges640/8€844€968▲

Gross operating margin9900€-3k€-3k▲

Operating profit (loss)9901€-4k€-4k▼

Financial charges65/66B€133€8k▲

Recurring financial charges65€133€8k▲

Profit (loss) for the period before taxes9903€-4k€-12k▼

Profit (loss) for the period9904€-4k€-12k▼

Profit (loss) for the period to be appropriated9905€-4k€-12k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-15k€-28k▼

Profit (loss) brought forward from the previous period14P€-11k€-15k▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Gazette 1Filings 3

2026

03-09

State Gazette act General meeting · Director resignation

General meeting · Director resignation · Director appointment4 facts ▸

General meeting, 2026-06-03
Director resignation, HOLDINPAD SAS (administrateur)
Director appointment, Pierre-Antoine Dusoulier (administrateur)
Director appointment, CATIMAX (administrateur)

2025

16-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Weakest financial yearnet €-12k

Net result drops to €-12k, the lowest in the series.

24-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

28-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 28 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 directors, no change since 2026

CATIMAX

Director · since 03-06-2026 · Private limited company

Current

DUSOULIER Pierre-Antoine

Director · since 03-06-2026

Current

03-06-2026 CATIMAX: Appointed as Director

03-06-2026 DUSOULIER Pierre-Antoine: Appointed as Director

03-06-2026 HOLDINPAD SAS: Resigned as Director

05-08-2021 NAKACHE Jeremy: Resigned as Director

05-08-2021 SPASOV Peter Boris: Resigned as Director

05-08-2021 SWIFT Douglas William Graham: Resigned as Director

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Louizalaan 4891050 Brussel

Ground area

1,833 m²

Building footprint

1,831 m²

Volume, LiDAR

45,608 m³

Parcel 21822R0224/00S007, Brussels · tallest building 45.6 m, ±8 floors. Linked by address, not a title deed.

1 establishment unit

Louizalaan 489, 1050 Brussel

Other activities auxiliary to financial services, excluding insurance and pension funding

since 20212.338.880.331

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21822R0224/00S007	Brussels	1,833 m²	1 · 1,831 m²	45.6 m · 8 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.

Structure & network

Ownership & control

1 party

Control over this companysits on this company's board1

CATIMAX

8 subsidiaries · 1 location

controls

Condor 1BE 0770.906.213

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded08-07-2021

Fiscal year end31-12

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Condor 1

Checked score

Signals

Financials · fiscal year 2024, full schema

Timeline · acts, filings and financial milestones

Directors · office · real estate

Structure & network

Connections & network

Ownership & control

Company data · Crossroads Bank

Condor 1

Checked score

Signals

Financials · fiscal year 2024, full schema

Timeline · acts, filings and financial milestones

Directors · office · real estate

Structure & network

Connections & network

Ownership & control

Company data · Crossroads Bank