CONDOR PROJECTS
ActiveSummary
CONDOR PROJECTS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5k and a net result of €7k. Equity is shrinking by ~33.6% per year across the filed fiscal years. Its solvency ranks better than 27% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-32
Solvency30▲+1
Growth40▼-16
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
51 d early
2024
22 d early
2023
35 d early
2022
70 d early
2021
6 d early
2020
66 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€163k▼ 34.4%
2023 · €248k
2020: €127k
2021: €114k▼ -10.2% vs 2020lowest in 5 years
2022: €253k▲ +121% vs 2021highest in 5 years
2023: €248k▼ -1.9% vs 2022
2024: €163k▼ -34.4% vs 2023
2020 → 2024
EBIT margin
20.6%▼ 23.9pp
2023 · 44.5%
2020: 24.7%
2021: 7.2%▼ -70.7% vs 2020lowest in 5 years
2022: 50.9%▲ +604% vs 2021highest in 5 years
2023: 44.5%▼ -12.6% vs 2022
2024: 20.6%▼ -53.7% vs 2023
2020 → 2024
Net result
€7k▼ 72.1%
2024 · €26k
2020: €25k
2021: €6k▼ -76.2% vs 2020lowest in 6 years
2022: €101k▲ +1629% vs 2021highest in 6 years
2023: €86k▼ -14.6% vs 2022
2024: €26k▼ -69.9% vs 2023
2025: €7k▼ -72.1% vs 2024
2020 → 2025
Working capital
€-3k▲ 41.6%
2024 · €-5k
2020: €17k
2021: €23k▲ +39.5% vs 2020
2022: €124k▲ +440% vs 2021highest in 6 years
2023: €-5k▼ -104% vs 2022lowest in 6 years
2024: €-5k▲ +0.8% vs 2023
2025: €-3k▲ +41.6% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€114k-€253k▲ 121%€248k▼ 1.9%€163k▼ 34.4%
2021: €114klowest in 4 years
2022: €253k▲ +121% vs 2021highest in 4 years
2023: €248k▼ -1.9% vs 2022
2024: €163k▼ -34.4% vs 2023
Equity€35k-€136k▲ 286%€8k▼ 94.3%€6k▼ 26.3%€5k▼ 12.8%
2021: €35k
2022: €136k▲ +286% vs 2021highest in 5 years
2023: €8k▼ -94.3% vs 2022
2024: €6k▼ -26.3% vs 2023
2025: €5k▼ -12.8% vs 2024lowest in 5 years
Operating result€8k-€129k▲ 1,456%€110k▼ 14.2%€34k▼ 69.6%€11k▼ 67.5%
2021: €8klowest in 5 years
2022: €129k▲ +1456% vs 2021highest in 5 years
2023: €110k▼ -14.2% vs 2022
2024: €34k▼ -69.6% vs 2023
2025: €11k▼ -67.5% vs 2024
Net result€6k-€101k▲ 1,629%€86k▼ 14.6%€26k▼ 69.9%€7k▼ 72.1%
2021: €6klowest in 5 years
2022: €101k▲ +1629% vs 2021highest in 5 years
2023: €86k▼ -14.6% vs 2022
2024: €26k▼ -69.9% vs 2023
2025: €7k▼ -72.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91k
Fixed assets
€10k ▲ 0.7%
Current assets
€81k ▼ 40.6%
Equity and liabilities €91k
Equity
€5k ▼ 12.8%
Debt
€86k ▼ 38.7%
Debt's share of the balance-sheet total falls from 96.1% to 94.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15k▼
2024 · €40k
Cash flow
€11k▼
2024 · €33k
Current ratio
0.97▲
2024 · 0.97
Debt to equity
17.23▼
2024 · 24.52
ROE
144.7%▼
2024 · 452.5%
ROA
7.9%▼
2024 · 17.7%
Interest coverage
4.00▼
2024 · 190.35
Debt ≤ 1 year
€83k▼
2024 · €141k
Income taxes
€4k▼
2024 · €8k
Staff costs
€250▲
2024 · €0
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€146k€91k▼
Fixed assets21/28€10k€10k▲
Tangible fixed assets22/27€10k€10k▲
Land and buildings22€5k€4k▼
Plant, machinery and equipment23-€980
Furniture and vehicles24€4k€4k▲
Leasing and similar rights25€0-
Other tangible fixed assets26€2k€2k▼
Current assets29/58€136k€81k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€66k€66k▼
Trade receivables40€64k€12k▼
Other amounts receivable41€2k€54k▲
Cash at bank and in hand54/58€70k€15k▼
Deferred charges and accrued income490/1€163€0▼
Equity and liabilities
Total equity and liabilities10/49€146k€91k▼
Equity10/15€6k€5k▼
Contributions10/11€5k€5k=
Reserves13€735€0▼
Distributable reserves133€735€0▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€141k€86k▼
Amounts payable within one year42/48€141k€83k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€2k€556▼
Suppliers440/4€2k€556▼
Taxes, remuneration and social security45€36k€12k▼
Taxes450/3€23k€5k▼
Remuneration and social security454/9€14k€7k▼
Other amounts payable47/48€103k€71k▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Turnover70€163k-
Non-recurring operating income76A€0-
Goods, raw materials, services and sundry goods60/61€124k-
Remuneration, social security and pensions62€0€250▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€4k▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€332€0▼
Gross operating margin9900€42k€17k▼
Operating profit (loss)9901€34k€11k▼
Financial income75/76B€281€4k▲
Recurring financial income75€281€4k▲
Financial charges65/66B€212€4k▲
Recurring financial charges65€212€4k▲
Profit (loss) for the period before taxes9903€34k€11k▼
Income taxes67/77€8k€4k▼
Profit (loss) for the period9904€26k€7k▼
Profit (loss) for the period to be appropriated9905€26k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€7k▼
Transfer from equity791/2€2k€735▼
Profit to be distributed694/7€28k€8k▼
Return on contributions (dividend)694€28k€8k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €114k | €253k | €248k | €163k | - | - |
| Non-recurring operating income76A | €0 | €0 | €0 | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €91k | €93k | €135k | €124k | - | - |
| Remuneration, social security and pensions62 | €265 | €276 | €265 | €0 | €250 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €7k | €7k | €4k | ▼ 41.6% |
| Other operating charges640/8 | €8k | €24k | €2k | €1k | €2k | ▲ 39.2% |
| Non-recurring operating charges66A | - | - | - | €332 | €0 | ▼ 100% |
| Gross operating margin9900 | €23k | €159k | €119k | €42k | €17k | ▼ 59.8% |
| Operating profit (loss)9901 | €8k | €129k | €110k | €34k | €11k | ▼ 67.5% |
| Financial income75/76B | €5 | €688 | €55 | €281 | €4k | ▲ 1,214% |
| Recurring financial income75 | €5 | €688 | €55 | €281 | €4k | ▲ 1,214% |
| Financial charges65/66B | €435 | €279 | €215 | €212 | €4k | ▲ 1,652% |
| Recurring financial charges65 | €435 | €279 | €215 | €212 | €4k | ▲ 1,652% |
| Profit (loss) for the period before taxes9903 | €8k | €129k | €110k | €34k | €11k | ▼ 67.6% |
| Income taxes67/77 | €2k | €28k | €24k | €8k | €4k | ▼ 52.1% |
| Profit (loss) for the period9904 | €6k | €101k | €86k | €26k | €7k | ▼ 72.1% |
| Profit (loss) for the period to be appropriated9905 | €6k | €101k | €86k | €26k | €7k | ▼ 72.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73k | €228k | €294k | €146k | €91k | ▼ 37.7% |
| Fixed assets21/28 | €23k | €17k | €12k | €10k | €10k | ▲ 0.7% |
| Tangible fixed assets22/27 | €23k | €17k | €12k | €10k | €10k | ▲ 0.7% |
| Land and buildings22 | €7k | €6k | €6k | €5k | €4k | ▼ 16.6% |
| Plant, machinery and equipment23 | €552 | €181 | €0 | - | €980 | - |
| Furniture and vehicles24 | - | €734 | €2k | €4k | €4k | ▲ 9.9% |
| Leasing and similar rights25 | €15k | €10k | €5k | €0 | - | - |
| Other tangible fixed assets26 | - | - | - | €2k | €2k | ▼ 23.4% |
| Current assets29/58 | €50k | €211k | €281k | €136k | €81k | ▼ 40.6% |
| Amounts receivable after more than one year29 | - | €55k | €55k | €0 | - | - |
| Other amounts receivable291 | - | €55k | €55k | €0 | - | - |
| Amounts receivable within one year40/41 | - | €112k | €169k | €66k | €66k | ▼ 0.4% |
| Trade receivables40 | - | €111k | €164k | €64k | €12k | ▼ 81.0% |
| Other amounts receivable41 | - | €537 | €5k | €2k | €54k | ▲ 2,155% |
| Cash at bank and in hand54/58 | €50k | €44k | €57k | €70k | €15k | ▼ 78.6% |
| Deferred charges and accrued income490/1 | - | - | - | €163 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73k | €228k | €294k | €146k | €91k | ▼ 37.7% |
| Equity10/15 | €35k | €136k | €8k | €6k | €5k | ▼ 12.8% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €30k | €131k | €3k | €735 | €0 | ▼ 100% |
| Distributable reserves133 | €30k | €131k | €3k | €735 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €38k | €92k | €286k | €141k | €86k | ▼ 38.7% |
| Amounts payable after more than one year17 | €11k | €5k | €0 | - | - | - |
| Financial debts170/4 | €11k | €5k | €0 | - | - | - |
| Amounts payable within one year42/48 | €27k | €86k | €286k | €141k | €83k | ▼ 40.7% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | €5k | €0 | - | - |
| Trade debts44 | €1k | €861 | €2k | €2k | €556 | ▼ 66.2% |
| Suppliers440/4 | €1k | €861 | €2k | €2k | €556 | ▼ 66.2% |
| Taxes, remuneration and social security45 | €21k | €80k | €62k | €36k | €12k | ▼ 67.8% |
| Taxes450/3 | €21k | €80k | €42k | €23k | €5k | ▼ 78.4% |
| Remuneration and social security454/9 | - | - | €20k | €14k | €7k | ▼ 49.9% |
| Other amounts payable47/48 | €178 | €0 | €217k | €103k | €71k | ▼ 30.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €101k | €86k | €26k | €7k | ▼ 72.1% |
| + Depreciation and write-downs630 | €6k | €7k | €7k | €7k | €4k | ▼ 41.6% |
| Operating cash flow (approximation) | €12k | €108k | €93k | €33k | €11k | ▼ 65.8% |
| Investment in fixed assets (approximation) | - | €-964 | €-2k | €-5k | €-4k | ▲ 13.9% |
| Change in cash | - | €-6k | €13k | €13k | €-55k | ▼ 516% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €101k ▲1,629%
Operating result €129k, net result €101k, both a record.
31-12
Financial
Equity above €100kEq €136k ▲286%
3 profitable years in a row build equity to €136k.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €6k ▼76.2%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Mechelen · 1 establishment unit since 2019
Ground area
1,331 m²
Building footprint
123 m²
Volume, LiDAR
818 m³
Parcel 12403E0607/00H000, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CONDOR PROJECTS
since 20192.296.754.419
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0607/00H000 | Flanders | 1,331 m² | 1 · 123 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 2,230 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
64210Activities of holding companies
70200Business and other management consultancy
82300Organisation of conventions and trade shows
82990Other business support services
85510Sports and recreation education
Scores and ratios are computed by Checked and are not a credit decision.