CONUNDRA

CONUNDRA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.9m and a net result of €1.4m. Equity is shrinking by about 12% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. Its solvency ranks better than 17% of 6,572 sector peers (NACE 64, financial year 2025). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.