CONDOR SAFETY
ActiveCONDOR SAFETY has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €869k and a net result of €40k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 38% of 10289 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+3
Solvency52▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.38 in 2024; short-term debt: 63.7% and cash: 6.8% of total assets), and 73.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
26.6%
Return on assets
1.2%
Age of the figures
16 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 22-12-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
12 d early
2023
10 d early
2022
12 d early
2021
14 d early
2020
14 d early
2019
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close18-09-2026 today31-12-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€869k▼ 1.1%
2024 · €879k
2019: €432k
2020: €527k
2021: €661k
2022: €715k
2023: €826k
2024: €879k
2019 → 2025
Total assets
€3.27M▲ 3.5%
2024 · €3.16M
2019: €1.80M
2020: €1.73M
2021: €2.20M
2022: €2.76M
2023: €2.96M
2024: €3.16M
2019 → 2025
Net result
€40k▼ 24.0%
2024 · €53k
2019: €92k
2020: €96k
2021: €133k
2022: €54k
2023: €112k
2024: €53k
2019 → 2025
Working capital
€706k▼ 5.1%
2024 · €744k
2019: €362k
2020: €432k
2021: €546k
2022: €548k
2023: €775k
2024: €744k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€661k-€715k▲ 8.2%€826k▲ 15.6%€879k▲ 6.4%€869k▼ 1.1%
Operating result€212k-€98k▼ 53.5%€201k▲ 104%€141k▼ 29.8%€119k▼ 15.2%
Net result€133k-€54k▼ 59.3%€112k▲ 106%€53k▼ 52.6%€40k▼ 24.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.27M
Fixed assets
€478k▲ 11.5%
Current assets
€2.79M▲ 2.2%
Equity and liabilities €3.27M
Equity
€869k▼ 1.1%
Provisions
€63k=
Debt
€2.33M▲ 5.4%
The debt ratio rises from 70.1% to 71.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€243k▲
2024 · €240k
Cash flow
€164k▲
2024 · €152k
Solvency
26.6%▼
2024 · 27.9%
Current ratio
1.34▼
2024 · 1.38
Quick ratio
0.56▲
2024 · 0.53
Debt / equity
2.68▲
2024 · 2.52
ROE
4.6%▼
2024 · 6.0%
ROA
1.2%▼
2024 · 1.7%
Interest coverage
4.26▲
2024 · 3.85
Debt
€2.33M▲
2024 · €2.21M
Debt ≤ 1 year
€2.08M▲
2024 · €1.98M
Debt > 1 year
€238k▲
2024 · €194k
Income taxes
€26k▼
2024 · €27k
Staff costs
€875k▲
2024 · €840k
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€3.16M€3.27M▲
Fixed assets21/28€429k€478k▲
Intangible fixed assets21€61k€41k▼
Tangible fixed assets22/27€283k€341k▲
Plant, machinery and equipment23€62k€79k▲
Furniture and vehicles24€221k€169k▼
Leasing and similar rights25-€94k
Financial fixed assets28€85k€96k▲
Current assets29/58€2.73M€2.79M▲
Stocks and contracts in progress3€1.69M€1.62M▼
Stocks30/36€1.69M€1.62M▼
Amounts receivable within one year40/41€927k€895k▼
Trade receivables40€896k€865k▼
Other amounts receivable41€31k€30k▼
Cash at bank and in hand54/58€71k€224k▲
Deferred charges and accrued income490/1€44k€47k▲
Equity and liabilities
Total equity and liabilities10/49€3.16M€3.27M▲
Equity10/15€879k€869k▼
Contributions10/11€38k€38k=
Reserves13€242k€217k▼
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Tax-exempt reserves132€38k€38k=
Distributable reserves133€200k€175k▼
Profit (loss) carried forward14€600k€615k▲
Provisions and deferred taxes16€63k€63k=
Provisions for liabilities and charges160/5€63k€63k=
Pensions and similar obligations160€63k€63k=
Amounts payable17/49€2.21M€2.33M▲
Amounts payable after more than one year17€194k€238k▲
Financial debts170/4€194k€238k▲
Amounts payable within one year42/48€1.98M€2.08M▲
Current portion of amounts payable after more than one year42€110k€124k▲
Financial debts43€500k€500k=
Credit institutions430/8€500k€500k=
Trade debts44€938k€1.01M▲
Suppliers440/4€938k€1.01M▲
Taxes, remuneration and social security45€259k€260k▲
Taxes450/3€89k€100k▲
Remuneration and social security454/9€169k€159k▼
Other amounts payable47/48€176k€187k▲
Accrued charges and deferred income492/3€37k€14k▼
Income statement
Code20242025
Non-recurring operating income76A€30k€5k▼
Remuneration, social security and pensions62€840k€875k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99k€123k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€459
Other operating charges640/8€4k€3k▼
Non-recurring operating charges66A-€9k
Gross operating margin9900€1.08M€1.13M▲
Operating profit (loss)9901€141k€119k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€62k€57k▼
Recurring financial charges65€62k€57k▼
Profit (loss) for the period before taxes9903€80k€66k▼
Income taxes67/77€27k€26k▼
Profit (loss) for the period9904€53k€40k▼
Profit (loss) for the period to be appropriated9905€53k€40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€625k€640k▲
Profit (loss) brought forward from the previous period14P€572k€600k▲
Transfer from equity791/2-€50k
Transfer to equity691/2€25k€25k=
To other reserves6921€25k€25k=
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
Social balance
Average headcount (FTE)908711.411.1▼
The notes to these accounts (26 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
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-05
Financial
Weakest financial yearnet €40k ▼24%
Net result drops to €40k, the lowest in the series.
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-05
Financial
Highest result since 2019net €133k ▲39.2%
Operating result €212k, net result €133k, both a record.
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-05
Financial
Equity above €500kEq €527k ▲22.2%
2 profitable years in a row build equity to €527k.
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Menen · 1 establishment unit since 2008
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.
Krommebeekstraat 448930 MenenGround area
3,779 m²
Building footprint
1,102 m²
Volume, LiDAR
4 m³
Parcel 34372B0228/00N000, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
1 establishment unit
condor safety
since 20082.171.437.842
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34372B0228/00N000 | Flanders | 3,779 m² | 1 · 1,102 m² | 0.2 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 6,564 EUR awarded · 6,794 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 690 EUR | 690 EUR |
| 2024 | 1 | 2,085 EUR | 2,085 EUR |
| 2023 | 1 | 1,405 EUR | 2,081 EUR |
| 2022 | 1 | 2,384 EUR | 1,938 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,501 companies in sector 47716 we hold annual accounts for 2,438. 1,211 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-05-2008
Fiscal year end31-05
Activities, NACEBEL
46421Wholesale trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 16 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.