Condor 3
The computed 12-month bankruptcy probability of Condor 3 is 5.8% (elevated). The 2024 annual accounts show equity of €131k and a net result of €-14k. Equity is shrinking by ~6.3% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €131k |
| Net result | €-14k |
| Active | 5 yrs |
| Board | 1 |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €-14k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €167k |
| Equity | €131k |
| Debt | €36k |
| of which ≤ 1y | €36k |
| of which > 1y | - |
| Working capital | €-26k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.27 |
| Quick ratio | 0.27 |
| Working capital ratio | -15.7% |
| Solvency | 78.5% |
| Debt / equity | 0.27 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -8.6% |
| ROE | -11.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €167k |
| Fixed assets | 21/28 | €158k |
| Financial fixed assets | 28 | €158k |
| Current assets | 29/58 | €10k |
| Cash & bank | 54/58 | €10k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €167k |
| Equity | 10/15 | €131k |
| Contributions / capital | 10/11 | €159k |
| Accumulated profits (losses) | 14 | €-27k |
| Amounts payable | 17/49 | €36k |
| Amounts payable within one year | 42/48 | €36k |
| Income statement | ||
| Gross operating margin | 9900 | €-3k |
| Operating result | 9901 | €-3k |
| Financial charges | 65 | €11k |
| Result before taxes | 9903 | €-14k |
| Net result for the period | 9904 | €-14k |
| Result to be appropriated | 9905 | €-14k |
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HoldingPad SASLegal entityDirector· perm. rep.: Dusoulier Pierre-AntoineState Gazette act 21347977 (06-08-2021)Current06-08-2021 → present
Former directors (3)
-
Former- → 06-08-2021
-
Former- → 06-08-2021
-
Former- → 06-08-2021
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| FORVIS MAZARS REVISEURS D'ENTREPRISES SRLCurrent Statutory auditor · represented by Sébastien Schueremans |
- | 22-10-2025 → present |
| Forvis Mazars Réviseurs d’Entreprises Company auditor · represented by Sébastien Schuermans succeeded by FORVIS MAZARS REVISEURS D'ENTREPRISES SRL in 2025 |
- | 13-07-2021 → 22-10-2025 |
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 08-07-2021 |
| Status | Active |
| Postal code | 1050 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0224/00S007 | Brussels | 1,833 m² | 1 · 1,831 m² | 45.6 m · 8 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
04-12-2025 Registered office moved from Ixelles to Bruxelles
- Avenue Louise 350, 1050 Ixelles → Avenue Louise 489, 1050 Bruxelles
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Bruxelles",
"region": "Brussels",
"street": "Avenue Louise",
"country": "BE",
"postcode": "1050",
"box_number": null,
"street_number": "489"
},
"old_address": {
"city": "Ixelles",
"region": "Brussels",
"street": "Avenue Louise",
"country": "BE",
"postcode": "1050",
"box_number": null,
"street_number": "350"
},
"effective_date": "2025-12-15",
"evidence_quote": "L\u0027Administrateur d\u00E9cide de transf\u00E9rer le si\u00E8ge social de la soci\u00E9t\u00E9 de Avenue Louise 350 \u00E0 1050 Bruxelles vers Avenue Louise 489 \u00E0 1050 Bruxelles, avec effet au 15 d\u00E9cembre 2025."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0770.920.762",
"name_full": "CONDOR 3",
"legal_form": "SRL"
}
}22-10-2025 Sébastien Schueremans reappointed as statutory auditor
- Sébastien Schueremans, Commissaris
Technical details
{
"events": [
{
"kind": "commissaris_renew",
"role": "commissaris",
"person": {
"rrn": null,
"name": "S\u00E9bastien Schueremans",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": null,
"name": "FORVIS MAZARS REVISEURS D\u0027ENTREPRISES SRL",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "L\u0027Assembl\u00E9e d\u00E9cide de renouveler, avec effet \u00E0 l\u0027issue de l\u0027Assembl\u00E9e le mandat du commissaire de FORVIS MAZARS REVISEURS D\u0027ENTREPRISES SRL, ayant son si\u00E8ge \u00E0 1210 Saint-Josse-ten-Noode, Avenue du Boulevard 21, bte 8, repr\u00E9sent\u00E9e par S\u00E9bastien Schueremans, r\u00E9viseur d\u0027entreprises."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0770.920.762",
"name_full": "CONDOR 3",
"legal_form": "SRL"
}
}06-08-2021 1 director appointed, 3 resigning
- Dusoulier Pierre-Antoine, Bestuurder
- NAKACHE Jeremy, Bestuurder
- SWIFT Douglas William Graham, Bestuurder
- SPASOV Peter Boris, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "NAKACHE Jeremy",
"address": null,
"birth_date": null
},
"evidence_quote": "I. L\u0027assembl\u00E9e prend connaissance et accepte la d\u00E9mission des personnes suivantes en tant qu\u0027administrateur de la Soci\u00E9t\u00E9 : - Monsieur NAKACHE Jeremy, domicili\u00E9 \u00E0 75003 Paris (France), Rue Caffarelli 10 ;",
"discharge_granted": true
},
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "SWIFT Douglas William Graham",
"address": null,
"birth_date": null
},
"evidence_quote": "I. L\u0027assembl\u00E9e prend connaissance et accepte la d\u00E9mission des personnes suivantes en tant qu\u0027administrateur de la Soci\u00E9t\u00E9 : - Monsieur SWIFT Douglas William Graham, domicili\u00E9 \u00E0 Appartement 6 Florence Court 49A, Londres N1 2EA (Royaume-Uni) ;",
"discharge_granted": true
},
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "SPASOV Peter Boris",
"address": null,
"birth_date": null
},
"evidence_quote": "I. L\u0027assembl\u00E9e prend connaissance et accepte la d\u00E9mission des personnes suivantes en tant qu\u0027administrateur de la Soci\u00E9t\u00E9 : - Monsieur SPASOV Peter Boris, domicili\u00E9 \u00E0 4746 Oceanridge, Hunt Beach, CA 92649, \u00C9tats-Unis d\u0027Am\u00E9rique.",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Dusoulier Pierre-Antoine",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": null,
"name": "HOLDINGPAD SAS",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "II. L\u0027assembl\u00E9e d\u00E9cide de nommer la personne suivante en tant qu\u0027administrateur unique de la Soci\u00E9t\u00E9, et ce pour une dur\u00E9e ind\u00E9termin\u00E9e : - La soci\u00E9t\u00E9 de droit fran\u00E7ais HOLDINGPAD SAS, ayant son si\u00E8ge \u00E0 75008 Paris, 1 rue du G\u00E9n\u00E9ral Foy, France, qui d\u00E9signe Monsieur Dusoulier Pierre-Antoine, domicil",
"discharge_granted": false
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0770.920.762",
"name_full": "CONDOR 3",
"legal_form": "SRL"
}
}12-07-2021 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "1050 Ixelles, Avenue Louise 350",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": {
"kbo": "0770.540.680",
"name": "Condor-Marlin Aggregator"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "nominatives",
"partner_role": null,
"holder_org_kbo": "0770.540.680",
"holder_org_name": "Condor-Marlin Aggregator",
"contribution_type": "cash",
"amount_paid_in_eur": 1000,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 1000,
"amount_subscribed_eur": 1000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 1000,
"subject_company": {
"kbo": "0770.920.762",
"name_full": "Condor 3",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2021-07-07",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | Condor 3 |