CONDOR DEVELOPMENT
ActiveSummary
CONDOR DEVELOPMENT has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €562,522 and a net result of -€215,227. Equity is growing by about 8.9% per year across the filed financial years. Its solvency ranks better than 71% of 63 sector peers (NACE 71, financial year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Activities of building architects
NACE 71111Development of residential building projects NACE 68121
1 site
Size
€805,588total assets 2026
- Staff
- 1.7 FTE
- Equity
- €562,522
- Loss
- -€215,227
Turnover not published (abbreviated format)
Why 92raises riskLoss of €215,227 (financial year 2026)lowers riskLiquidity: current ratio 4.15, cash €531,168Equity €562,522 (69.8% of total assets)Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence
Checked score
Score 2026
92
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 45% of its sector peers (NACE 71, micro)
Financial strength · tick = 2025
Strong
Solvency
95+10
equity 69.8% of total assets
Liquidity
96+7
short-term debt 16.4% · cash 65.9%
Profitability
0-94
return on assets -26.7%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.2%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.1%▼ -0.1 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: < 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: 0.1%▲ +0.1 percentage points vs 09-2026
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.15, compared with 2.69 in 2025, above the usual 1.5; short-term debt: 16.4% and cash: 65.9% of total assets), and 30.2% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro): better than 69% on solvency, 90% on liquidity, 4% on profitability and 17% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-09-2026, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
47 days early
2025
37 days early
2024
38 days early
2023
26 days early
2022
25 days early
2021
25 days early
2020
5 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 24 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
28-10-2026 today31-03-2027 year end31-10-2027 deadline
- Annual accounts filedfinancial year 2026 · abbreviated…
- Weakest financial yearnet -€215,227
- Annual accounts filedfinancial year 2025 · abbreviated…
Financials · financial year 2026, abbreviated format
Turnover
€1.9m
EBIT margin
15.8%
Net result
-€215,227
2025 · €243,472
Working capital
€415,627▼ 32.1%
2025 · €611,992
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result turns negative in 2026: a loss of €210,914 after €301,861 in 2025, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.2m
2026
Net result-€0.2m
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.8m
2026
Equity€0.6m
2026
Debt€0.2m
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.4m
2026
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-26.7%
2026
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency69.8%
2026
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.15
2026
Average staff in full-time equivalents (FTE).
Staff (FTE)1.7
2026
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Turnover€1.9m
Operating result€1.0m-€0.5m▼ 53.4%€0.02m▼ 95.6%€0.02m▲ 4.2%€0.1m▲ 442%€0.5m▲ 378%€0.3m▼ 43.9%-€0.2m
Net result€0.8m-€0.3m▼ 60.4%€0.008mwithin the sector's middle half▼ 97.6%€0.008mwithin the sector's middle half▼ 2.2%€0.08mwithin the sector's middle half▲ 910%€0.4mabove the sector's middle half▲ 479%€0.2mabove the sector's middle half▼ 45.7%-€0.2m
EBIT margin15.8%
Equity€0.2m-€0.5m▲ 206%€0.5mwithin the sector's middle half▲ 1.6%€0.5mwithin the sector's middle half▲ 1.5%€0.6mwithin the sector's middle half▲ 15.2%€0.6mwithin the sector's middle half▲ 8.2%€0.8mabove the sector's middle half▲ 22.6%€0.6m▼ 27.7%
Total assets€1.3m-€1.9m▲ 47.9%€1.6mabove the sector's middle half▼ 14.2%€1.1mwithin the sector's middle half▼ 32.3%€1.1mwithin the sector's middle half▼ 0.9%€1.4mwithin the sector's middle half▲ 25.9%€1.3mwithin the sector's middle half▼ 6.7%€0.8m▼ 37.7%
Debt€1.1m-€1.4m▲ 25.4%€1.1m▼ 19.7%€0.6m▼ 47.2%€0.5m▼ 14.5%€0.8m▲ 46.0%€0.5m▼ 31.4%€0.2m▼ 52.8%
Working capital€0.1m-€1.0m▲ 769%€0.8mabove the sector's middle half▼ 15.6%€0.5mwithin the sector's middle half▼ 44.9%€0.5mabove the sector's middle half▲ 13.8%€0.5mwithin the sector's middle half▼ 4.1%€0.6mabove the sector's middle half▲ 23.8%€0.4m▼ 32.1%
Solvency12.5%-25.8%▲ 13.3pp30.5%within the sector's middle half▲ 4.7pp45.8%within the sector's middle half▲ 15.3pp53.3%within the sector's middle half▲ 7.4pp45.8%within the sector's middle half▼ 7.5pp60.2%within the sector's middle half▲ 14.4pp69.8%▲ 9.7pp
Current ratio1.10-2.56▲ 1.462.59within the sector's middle half▲ 0.022.19within the sector's middle half▼ 0.402.53within the sector's middle half▲ 0.341.82within the sector's middle half▼ 0.722.69within the sector's middle half▲ 0.874.15▲ 1.46
Return on assets (ROA)64.8%-17.4%▼ 47.5pp0.5%below the sector's middle half▼ 16.9pp0.7%within the sector's middle half▲ 0.2pp7.0%within the sector's middle half▲ 6.3pp32.4%above the sector's middle half▲ 25.3pp18.8%above the sector's middle half▼ 13.5pp-26.7%▼ 45.5pp
Staff (FTE)1-1.8▲ 80.0%1.6below the sector's middle half▼ 11.1%0.7below the sector's middle half▼ 56.3%0.9below the sector's middle half▲ 28.6%0.8within the sector's middle half▼ 11.1%1.2within the sector's middle half▲ 50.0%1.7▲ 41.7%
above
within
below
the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €805,588
Fixed assets
€258,019 ▼ 19.0%
Current assets
€547,569 ▼ 43.8%
Equity and liabilities €805,588
Equity
€562,522 ▼ 27.7%
Debt
€243,067 ▼ 52.8%
Debt's share of the balance-sheet total falls from 39.8% to 30.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€148,942▼
2025 · €365,090
Cash flow
-€153,255▼
2025 · €306,700
Debt to equity
0.43▼
2025 · 0.66
ROE
-38.3%▼
2025 · 31.3%
Interest coverage
-22.23▼
2025 · 53.11
Debt ≤ 1 year
€131,943▼
2025 · €362,250
Debt > 1 year
€108,463▼
2025 · €150,303
Income taxes
€310▼
2025 · €55,924
Staff costs
€114,909▲
2025 · €85,761
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88.2% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88.2%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,805 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | - | €1.9m | - | - |
| Non-recurring operating income76A | - | - | - | - | - | €0.008m | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €1.6m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.05m | €0.09m | €0.06m | €0.09m | €0.1m | ▲ 34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.06m | €0.05m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | ▼ 2.0% |
| Other operating charges640/8 | - | - | - | €0.002m | €0.001m | €0.001m | €0.007m | €0.002m | ▼ 64.4% |
| Non-recurring operating charges66A | - | - | - | €0.001m | - | - | - | - | - |
| Gross operating margin9900 | €1.0m | €0.6m | €0.1m | €0.1m | €0.3m | €0.7m | €0.5m | -€0.03m | - |
| Operating profit (loss)9901 | €1.0m | €0.5m | €0.02m | €0.02m | €0.1m | €0.5m | €0.3m | -€0.2m | - |
| Financial income75/76B | - | - | - | €87 | €75 | €0.001m | €0.004m | €0.003m | ▼ 38.8% |
| Recurring financial income75 | €0.001m | €371 | €202 | €87 | €75 | €0.001m | €0.004m | €0.003m | ▼ 38.8% |
| Financial charges65/66B | - | - | - | €0.009m | €0.006m | €0.006m | €0.007m | €0.007m | ▼ 2.5% |
| Recurring financial charges65 | €326 | €0.008m | €0.01m | €0.009m | €0.006m | €0.006m | €0.007m | €0.007m | ▼ 2.5% |
| Profit (loss) for the period before taxes9903 | €1.0m | €0.5m | €0.008m | €0.01m | €0.1m | €0.5m | €0.3m | -€0.2m | - |
| Income taxes67/77 | €0.1m | €0.1m | €0.001m | €0.004m | €0.03m | €0.08m | €0.06m | €310 | ▼ 99.4% |
| Profit (loss) for the period9904 | €0.8m | €0.3m | €0.008m | €0.008m | €0.08m | €0.4m | €0.2m | -€0.2m | - |
| Profit (loss) for the period to be appropriated9905 | €0.8m | €0.3m | €0.008m | €0.008m | €0.08m | €0.4m | €0.2m | -€0.2m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €1.9m | €1.6m | €1.1m | €1.1m | €1.4m | €1.3m | €0.8m | ▼ 37.7% |
| Fixed assets21/28 | €0.05m | €0.3m | €0.3m | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 19.0% |
| Intangible fixed assets21 | €0.009m | - | €0.01m | €0.01m | €0.005m | €0.001m | €0 | - | - |
| Tangible fixed assets22/27 | €0.03m | €0.3m | €0.3m | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 19.4% |
| Land and buildings22 | - | - | - | - | - | - | €0.02m | €0.02m | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.01m | €0.003m | €0.005m | €0.003m | ▼ 24.3% |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.03m | €0.02m | €0.01m | €0.004m | ▼ 56.9% |
| Leasing and similar rights25 | - | - | - | - | - | - | €0.05m | €0.04m | ▼ 23.2% |
| Other tangible fixed assets26 | - | - | - | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | ▼ 18.3% |
| Financial fixed assets28 | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | €0.006m | €0.006m | = |
| Current assets29/58 | €1.2m | €1.6m | €1.3m | €0.8m | €0.9m | €1.1m | €1.0m | €0.5m | ▼ 43.8% |
| Stocks and contracts in progress3 | €0.008m | €0.6m | €0.5m | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.5m | €0.1m | €0.5m | €0.4m | €0.6m | €0.4m | €0.3m | €0.006m | ▼ 98.1% |
| Trade receivables40 | - | - | - | €0.4m | €0.6m | €0.4m | €0.3m | €0.005m | ▼ 98.3% |
| Other amounts receivable41 | - | - | - | €0.001m | - | - | €0.04m | €0.001m | ▼ 96.6% |
| Cash at bank and in hand54/58 | €0.8m | €0.9m | €0.3m | €0.4m | €0.3m | €0.6m | €0.6m | €0.5m | ▼ 15.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | €0.007m | €0.006m | €0.01m | €0.01m | ▼ 13.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €1.9m | €1.6m | €1.1m | €1.1m | €1.4m | €1.3m | €0.8m | ▼ 37.7% |
| Equity10/15 | €0.2m | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | €0.8m | €0.6m | ▼ 27.7% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.1m | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | €0.8m | €0.5m | ▼ 28.4% |
| Amounts payable17/49 | €1.1m | €1.4m | €1.1m | €0.6m | €0.5m | €0.8m | €0.5m | €0.2m | ▼ 52.8% |
| Amounts payable after more than one year17 | - | €0.8m | €0.6m | €0.2m | €0.2m | €0.1m | €0.2m | €0.1m | ▼ 27.8% |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.1m | €0.2m | €0.1m | ▼ 27.9% |
| Other amounts payable178/9 | - | - | - | - | - | - | €300 | €300 | = |
| Amounts payable within one year42/48 | €1.1m | €0.6m | €0.5m | €0.4m | €0.3m | €0.6m | €0.4m | €0.1m | ▼ 63.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.04m | €0.03m | €0.04m | €0.04m | ▲ 3.7% |
| Trade debts44 | €0.005m | €0.5m | €0.4m | €0.3m | €0.3m | €0.09m | €0.2m | €0.02m | ▼ 85.3% |
| Suppliers440/4 | - | - | - | €0.3m | €0.3m | €0.09m | €0.2m | €0.02m | ▼ 85.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.008m | €0.05m | €0.09m | €0.07m | €0.07m | ▼ 3.8% |
| Taxes450/3 | - | - | - | €0.006m | €0.05m | €0.07m | €0.06m | €0.06m | ▲ 2.3% |
| Remuneration and social security454/9 | - | - | - | €0.002m | - | €0.01m | €0.01m | €0.006m | ▼ 39.4% |
| Other amounts payable47/48 | - | - | - | €0.02m | €67 | €0.4m | €0.1m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €0.008m | €0.002m | €0.003m | €0.003m | €0.003m | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €838,022 | €331,823 | €7,834 | €7,663 | €77,418 | €448,135 | €243,472 | -€215,227 | - |
| + Depreciation and write-downs630 | €20,050 | €58,097 | €52,200 | €59,881 | €62,277 | €59,043 | €63,229 | €61,972 | ▼ 2.0% |
| Operating cash flow (approximation) | €858,071 | €389,920 | €60,035 | €67,544 | €139,695 | €507,179 | €306,700 | -€153,255 | - |
| Investment in fixed assets (approximation) | - | -€324,843 | -€37,282 | -€34,934 | -€34,306 | -€95,395 | -€97,281 | -€1,271 | ▲ 98.7% |
| Change in cash | - | €119,989 | -€549,893 | €93,603 | -€167,276 | €381,650 | -€21,526 | -€95,517 | ▼ 344% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | abbreviated format | 14-09-2026 | 2026-00515634 |
| 31-03-2025 | abbreviated format | 24-09-2025 | 2025-00501961 |
| 31-03-2024 | abbreviated format | 23-09-2024 | 2024-00470185 |
| 31-03-2023 | abbreviated format | 05-10-2023 | 2023-00475595 |
| 31-03-2022 | abbreviated format | 06-10-2022 | 2022-20457596 |
| 31-03-2021 | abbreviated format | 06-10-2021 | 2021-71400484 |
| 31-03-2020 | abbreviated format | 26-10-2020 | 2020-63700546 |
| 31-03-2019 | abbreviated format | 02-10-2019 | 2019-68400160 |
| 31-03-2018 | abbreviated format | 08-11-2018 | 2018-71900116 |
| 31-03-2017 | abbreviated format | 14-09-2017 | 2017-61100008 |
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BE 0449.156.520
Elsene · equity €561,602
ARCHITECTEN GROEP III
BE 0524.988.546
Brugge · equity €563,536
BUREAU D'ARCHITECTURE VOLUMES
BE 0474.841.922
Wavre · equity €563,635
Of the 18,225 active companies whose main activity is activities of building architects (NACE 71111), figures are known for 6,464. 3,840 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €3,228 awarded · €3,228 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,728 | €1,728 |
| 2024 | 1 | €1,500 | €1,500 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, last change in 2023
Board 2
DE ROOS
CurrentStatutory director · since 22-12-2023 · Private limited company · permanent representative: DE MERLIER Koen
YAMAGUCHI
CurrentStatutory director · since 22-12-2023 · Private limited company · permanent representative: BRANKAER Kobe Paula Maurice
Permanent representatives 2
BRANKAER Kobe Paula Maurice
CurrentPermanent representative · since 22-12-2023 · for YAMAGUCHI
DE MERLIER Koen
CurrentPermanent representative · since 22-12-2023 · for DE ROOS
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 2 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
2 people since 2023, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| DE ROOS |
|
| YAMAGUCHI |
|
Owners and capital
Owners
2 ownersChain of control
- CONDOR REAL ESTATE
- CONDOR DEVELOPMENT
Highest known parent: CONDOR REAL ESTATE. The sources do not say who stands above it.
Owners 2
-
99.98%
-
0.01%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital over the years
- 22-12-2023 Converted to unavailable equity
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
7JET
Shared corporate director
→
History
Acts, filings and financial milestones
Next filing, financial year 2027, expected by
2026
14-09
NBB filing
Annual accounts filed
financial year 2026 · abbreviated format
31-03
Financial
Weakest financial yearnet -€215,227
Net result drops to -€215,227, the lowest in the series.
2025
24-09
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
2024
23-09
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
2023
22-12
Gazette deed
Appointments: DE ROOS (statutory director) and YAMAGUCHI (statutory director)Permanent representatives: DE MERLIER Koen and BRANKAER Kobe Paula Maurice · Power of attorney · Amendment of the articles15 facts ▸
Gazette deed
Appointments: DE ROOS (statutory director) and YAMAGUCHI (statutory director)
Permanent representatives: DE MERLIER Koen and BRANKAER Kobe Paula Maurice · Power of attorney · Amendment of the articles15 facts ▸
- Director appointment, DE ROOS (statutory director)
- Director appointment, YAMAGUCHI (statutory director)
- Permanent representative, DE MERLIER Koen (2 times)
- Permanent representative, BRANKAER Kobe Paula Maurice (2 times)
- Board meeting, “beraadslaging, toekenning bijzondere volmachten aan ieder van de bestuurders individueel” (deed in Dutch)
- Power of attorney
- General meeting, “rechtspersonenregister van de Nederlandstalige Ondernemingsrechtbank Brussel, 3090 Overijse,Eeuwfeestplein 9” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “opheffing statutair onbeschikbare eigen vermogensrekening, geheel opheffen en middelen beschikbaar maken voor uitkering” (deed in Dutch)
- Registered-office move, 1850 Grimbergen,Wolvertemsesteenweg 10
- Capital
- +3 further facts in this act
05-10
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format
2022
06-10
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format
2021
06-10
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format
31-03
Financial
Equity above €500,000equity €501,061 ▲1.6%
A profit in every financial year since 2019 builds equity to €501,061.
2020
26-10
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format
31-03
Financial
Liquidity more than doubledcurrent ratio 2.56
Current ratio from 1.10 to 2.56; short-term debt falls from €1.1m to €622,490.
31-03
Financial
Equity above €200,000equity €493,226 ▲206%
A profit in every financial year since 2019 builds equity to €493,226.
Show earlier events
2019
02-10
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
2018
08-11
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format · 8 days late
2017
14-09
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 2 deeds read
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded08-09-2015
Financial year end31-03
Abbreviation NL
CD
Activities, NACEBEL 2025
68121Development of residential building projects
71111Activities of building architects
46130Agents in the wholesale of timber and building materials
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0636869237
Also
9925:BE0636869237
Registered
21-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0636.869.237
Environmental permits
27 applications in Flanders since 2018 · 17 granted · 2 refused · 1 under review · 1 under appeal
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging; Het reliëf van de bodem aanmerkelijk wijzigen
Bouwen of herbouwen
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Functiewijziging; Nieuwbouw of aanleggen; Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Bouwen of herbouwen
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Bouwen of herbouwen
Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden
Bouwen of herbouwen
The 10 most recent of 27 applications.
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 2015
Ground area
2,602 m²
Building footprint
389 m²
Building volume
2,394 m³
2 parcels, Flanders · tallest building 9.8 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CONDOR DEVELOPMENT
since 2015unit no. 2.245.625.719
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23544D0167/00A002 | Flanders | 2,030 m² | 1 · 244 m² | 7.9 m · 2 |
| 23402E0266/00N007 | Flanders | 572 m² | 1 · 144 m² | 9.8 m · 3 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het uitrusten,inrichten en tot waarde brengen op alle mogelijke wijzen van alle onbebouwde en bebouwde onroerende goederen,het…” (deed in Dutch)
9 activities (deed in Dutch)
- Het uitrusten,inrichten en tot waarde brengen op alle mogelijke wijzen van alle onbebouwde en bebouwde onroerende goederen,het bouwen,verbouwen,aanpassen,herstellen van alle gebouwen en constructies bij middel van alle technieken en in alle stadia van afwerking;in het algemeen het actief uitoefenen van de projectontwikkeling van alle mogelijke onroerende goederen.Algemene aannemingen in de breedste zin van het woord.
- De studie,schatting,financiering en de uitvoering van alle mogelijke particuliere en openbare onroerende projecten,alsook de bemiddeling van financieringen,kredieten,leningen,hypotheken,verkopingen en verzekeringen;
- Alle mogelijke verrichtingen die rechtstreeks of onrechtstreeks verband houden met het onderhoud,de renovatie,het herstel,de verfraaiing,de vernieuwing en de modernisering van alle soorten kunstwerken en onroerende goederen en,algemeen genomen,alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met openbare en particuliere bouwwerken;
- Het verstrekken van advies en bijstand,zowel technisch als administratief en commercieel,aan alle vennootschappen en ondernemingen voor alle mogelijke aangelegenheden met betrekking tot de sector van de onroerende goederen;
- Alle activiteiten van een houdstermaatschappij en namelijk het verwerven,aankopen en verkopen,beheren en tot waarde brengen van alle participaties,aandelen en deelbewijzen van en in alle vennootschappen en ondernemingen,het beheren van eigen onroerende goederen.
- Het verwerven van alle mogelijke terreinen,het bouwen van openbare en particuliere gebouwen,de aankoop,de verkoop,de verhuur,de verdeling en de verkaveling van alle mogelijke onroerende goederen;
- Al de werkzaamheden met betrekking tot de verdeling van water,gas,elektriciteit,enz.;de vaststelling en exploitatie van alle mogelijke transportmiddelen,havens,kanalen,wegen,enz.;
- De aankoop,de verkoop,de huur,de invoer en de uitvoer van alle mogelijke materialen,goederen,toestellen en materieel,noodzakelijk voor de bouw,het onderhoud,het herstel en de vernieuwing van kunstwerken en gebouwen;
- De voorbereiding,de opstelling en het afsluiten,zowel als mandataris als voor eigen rekening,van alle mogelijke overeenkomsten voor openbare of particuliere werken of voor leveringen en het uitvoeren van alle verrichtingen die daarmee verband houden.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Condor Development
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “4. dat indien er meerdere bestuurders zijn benoemd, de vennootschap bij alle rechtshandelingen, jegens derden en in rechtszaken als eiser of…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Aantal,duur,bevoegdheid en vaste vertegenwoordiger, algemene vergadering die bestuurders benoemt bepaalt aantal,duur opdracht en bij…” (deed in Dutch)4 more provisions on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdracht van aandelen, in de statuten opgelegde regelingen gelden” (deed in Dutch)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Nog in natura voorhanden goederen op dezelfde wijze verdeeld, bij ontbinding bepaalt algemene vergadering wijze van vereffening…” (deed in Dutch)