CONDOR DEVELOPMENT
ActiveCONDOR DEVELOPMENT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €778k and a net result of €243k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 65% of 1984 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +6 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▼-5
Solvency98▲+11
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 2.69 against 1.82 in 2024), and 39.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.2%
Return on assets
18.8%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-09-2025, 37 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
37 d early
2024
38 d early
2023
26 d early
2022
25 d early
2021
25 d early
2020
5 d early
2019
29 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close13-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.92M
EBIT margin
15.8%
Net result
€243k▼ 45.7%
2024 · €448k
2019: €838k
2020: €332k
2021: €8k
2022: €8k
2023: €77k
2024: €448k
2019 → 2025
Working capital
€612k▲ 23.8%
2024 · €494k
2019: €112k
2020: €974k
2021: €821k
2022: €453k
2023: €515k
2024: €494k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.92M
Equity€501k-€509k▲ 1.5%€586k▲ 15.2%€634k▲ 8.2%€778k▲ 22.6%
Operating result€20k-€21k▲ 4.2%€113k▲ 442%€538k▲ 378%€302k▼ 43.9%
Net result€8k-€8k▼ 2.2%€77k▲ 910%€448k▲ 479%€243k▼ 45.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.29M
Fixed assets
€319k▲ 12.0%
Current assets
€974k▼ 11.5%
Equity and liabilities €1.29M
Equity
€778k▲ 22.6%
Debt
€515k▼ 31.4%
The debt ratio falls from 54.2% to 39.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€365k▼
2024 · €598k
Cash flow
€307k▼
2024 · €507k
Solvency
60.2%▲
2024 · 45.8%
Current ratio
2.69▲
2024 · 1.82
Quick ratio
2.69▲
2024 · 1.82
Debt / equity
0.66▼
2024 · 1.18
ROE
31.3%▼
2024 · 70.7%
ROA
18.8%▼
2024 · 32.4%
Interest coverage
53.11▼
2024 · 98.08
Debt
€515k▼
2024 · €751k
Debt ≤ 1 year
€362k▼
2024 · €606k
Debt > 1 year
€150k▲
2024 · €142k
Income taxes
€56k▼
2024 · €85k
Staff costs
€86k▲
2024 · €60k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.39M€1.29M▼
Fixed assets21/28€285k€319k▲
Intangible fixed assets21€515€0▼
Tangible fixed assets22/27€276k€313k▲
Land and buildings22-€23k
Plant, machinery and equipment23€3k€5k▲
Furniture and vehicles24€16k€10k▼
Leasing and similar rights25-€54k
Other tangible fixed assets26€257k€221k▼
Financial fixed assets28€9k€6k▼
Current assets29/58€1.10M€974k▼
Amounts receivable within one year40/41€447k€336k▼
Trade receivables40€447k€298k▼
Other amounts receivable41-€38k
Cash at bank and in hand54/58€648k€627k▼
Deferred charges and accrued income490/1€6k€12k▲
Equity and liabilities
Total equity and liabilities10/49€1.39M€1.29M▼
Equity10/15€634k€778k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€614k€757k▲
Amounts payable17/49€751k€515k▼
Amounts payable after more than one year17€142k€150k▲
Financial debts170/4€142k€150k▲
Other amounts payable178/9-€300
Amounts payable within one year42/48€606k€362k▼
Current portion of amounts payable after more than one year42€33k€40k▲
Trade debts44€88k€151k▲
Suppliers440/4€88k€151k▲
Taxes, remuneration and social security45€85k€71k▼
Taxes450/3€75k€61k▼
Remuneration and social security454/9€11k€10k▼
Other amounts payable47/48€400k€100k▼
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20242025
Turnover70-€1.92M
Non-recurring operating income76A€8k€0▼
Goods, raw materials, services and sundry goods60/61-€1.58M
Remuneration, social security and pensions62€60k€86k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€63k▲
Other operating charges640/8€1k€7k▲
Gross operating margin9900€658k€458k▼
Operating profit (loss)9901€538k€302k▼
Financial income75/76B€705€4k▲
Recurring financial income75€705€4k▲
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€533k€299k▼
Income taxes67/77€85k€56k▼
Profit (loss) for the period9904€448k€243k▼
Profit (loss) for the period to be appropriated9905€448k€243k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.01M€857k▼
Profit (loss) brought forward from the previous period14P€566k€614k▲
Profit to be distributed694/7€400k€100k▼
Return on contributions (dividend)694€200k€0▼
Directors or managers695€200k€100k▼
Social balance
Average headcount (FTE)90870.81.2▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Weakest financial yearnet €8k ▼2.2%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
2021
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Equity above €500kEq €501k ▲1.6%
3 profitable years in a row build equity to €501k.
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Liquidity doublescurrent ratio 2.56
Current ratio from 1.10 to 2.56; short-term debt falls from €1.13M to €622k.
31-03
Financial
Equity above €200kEq €493k ▲206%
2 profitable years in a row build equity to €493k.
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
08-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Grimbergen · 1 establishment unit since 2015
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.
Wolvertemsesteenweg 101850 GrimbergenGround area
2,602 m²
Building footprint
389 m²
Volume, LiDAR
2,394 m³
2 parcels, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CONDOR DEVELOPMENT
since 20152.245.625.719
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23544D0167/00A002 | Flanders | 2,030 m² | 1 · 244 m² | 7.9 m · 2 fl. |
| 23402E0266/00N007 | Flanders | 572 m² | 1 · 144 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 3,228 EUR awarded · 3,228 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,728 EUR | 1,728 EUR |
| 2024 | 1 | 1,500 EUR | 1,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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DEINZE ONZE THUIS
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Of 9,635 companies in sector 68121 we hold annual accounts for 7,328. 4,206 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-09-2015
Fiscal year end31-03
Abbreviation NL
CD
Activities, NACEBEL
68121Development of residential building projects
71111Activities of building architects
46130Agents in the wholesale of timber and building materials
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.