Le Condor
ActiveSummary
Le Condor has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €674,357 and a net result of €16,683. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 50% of 539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-1
Solvency69=
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.46 in 2024; short-term debt: 47.9% and cash: 70.7% of total assets), but 55.8% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 87
Relative position
BE, all sectors
reference
Residential care activities (NACE 87)
about 77% fewer bankruptcies
← 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
44.2%
Return on assets
1.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €674,357
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
29 d early
2023
5 d early
2022
6 d early
2021
101 d late
2020
145 d late
2019
70 d late
← 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 35 days after the deadline; the sector median for financial year 2024 is 27 days before the deadline, and 25% of the sector filed late.
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. Usually files around 25 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Le Condor was incorporated on 17 February 1979.1 The registered office was moved to Etterbeek in 2026.2 The board currently has 2 members; Antoine DELFOSSE has served longest, since 2026.2 Total assets rose from EUR 1 million in 2018 to EUR 1.5 million in 2025 and headcount from 21.2 to 21.7 full-time equivalents.3
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Financials · fiscal year 2025, full schema
In the rankings
#4 fastest grower in Etterbeek, Health and social work sector#9 oldest company in Etterbeek, Health and social work sector
Turnover
€5,195
EBIT margin
538.0%
Net result
€16,683▼ 41.6%
2024 · €28,560
Working capital
€529,591▲ 38.3%
2024 · €382,806
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 87, Residential care activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€70,845▼ 23.7%€169,476▲ 139%€30,248▼ 82.2%€24,000▼ 20.7%€14,086▼ 41.3%
Net result€75,964within the sector's middle half▼ 17.5%€168,494above the sector's middle half▲ 122%€32,617within the sector's middle half▼ 80.6%€28,560within the sector's middle half▼ 12.4%€16,683within the sector's middle half▼ 41.6%
EBIT margin
Equity€559,400within the sector's middle half▼ 3.6%€561,434within the sector's middle half▲ 0.4%€594,843within the sector's middle half▲ 6.0%€660,538within the sector's middle half▲ 11.0%€674,357within the sector's middle half▲ 2.1%
Total assets€1.0mwithin the sector's middle half▲ 9.5%€1.2mwithin the sector's middle half▲ 13.9%€1.4mwithin the sector's middle half▲ 17.5%€1.5mwithin the sector's middle half▲ 9.4%€1.5mwithin the sector's middle half▲ 1.7%
Debt€465,941▲ 30.9%€605,984▲ 30.1%€777,181▲ 28.3%€841,083▲ 8.2%€852,501▲ 1.4%
Working capital€447,623within the sector's middle half▼ 23.2%€446,221within the sector's middle half▼ 0.3%€664,383within the sector's middle half▲ 48.9%€382,806within the sector's middle half▼ 42.4%€529,591within the sector's middle half▲ 38.3%
Solvency54.6%within the sector's middle half▼ 7.4pp48.1%within the sector's middle half▼ 6.5pp43.4%within the sector's middle half▼ 4.7pp44.0%within the sector's middle half▲ 0.6pp44.2%within the sector's middle half▲ 0.2pp
Current ratio1.97within the sector's middle half▼ 1.541.74within the sector's middle half▼ 0.232.12within the sector's middle half▲ 0.371.46within the sector's middle half▼ 0.661.72within the sector's middle half▲ 0.27
Return on assets (ROA)7.4%above the sector's middle half▼ 2.4pp14.4%above the sector's middle half▲ 7.0pp2.4%within the sector's middle half▼ 12.1pp1.9%within the sector's middle half▼ 0.5pp1.1%within the sector's middle half▼ 0.8pp
Staff (FTE)19.4within the sector's middle half=19.8within the sector's middle half▲ 2.1%20.4within the sector's middle half▲ 3.0%20.8within the sector's middle half▲ 2.0%21.7within the sector's middle half▲ 4.3%
above
within
below
the middle half (P25 to P75) of NACE 87, Residential care activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 41% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€266,160 ▼ 6.3%
Current assets
€1.3m ▲ 3.5%
Equity and liabilities €1.5m
Equity
€674,357 ▲ 2.1%
Debt
€852,501 ▲ 1.4%
Debt's share of the balance-sheet total falls from 56.0% to 55.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38,794▼
2024 · €48,020
Cash flow
€41,391▼
2024 · €52,580
Debt to equity
1.26▼
2024 · 1.27
ROE
2.5%▼
2024 · 4.3%
Interest coverage
33.91▼
2024 · 42.88
Debt ≤ 1 year
€731,107▼
2024 · €834,891
Staff costs
€1.5m▲
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 14,732 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €188 | - | €4,687 | €3 | ▼ 99.9% |
| Remuneration, social security and pensions62 | €1.2m | €1.2m | €1.4m | €1.4m | €1.5m | ▲ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,334 | €10,031 | €10,428 | €24,020 | €24,708 | ▲ 2.9% |
| Other operating charges640/8 | €269 | €1,124 | €45,549 | €4,298 | €4,472 | ▲ 4.0% |
| Non-recurring operating charges66A | - | - | €3,052 | €3,694 | - | - |
| Gross operating margin9900 | €1.2m | €1.4m | €1.5m | €1.5m | €1.5m | ▲ 2.1% |
| Operating profit (loss)9901 | €70,845 | €169,476 | €30,248 | €24,000 | €14,086 | ▼ 41.3% |
| Financial income75/76B | €5,995 | €1 | €3,447 | €5,680 | €3,741 | ▼ 34.1% |
| Recurring financial income75 | €252 | €1 | €3,447 | €5,680 | €3,741 | ▼ 34.1% |
| Non-recurring financial income76B | €5,743 | - | - | - | - | - |
| Financial charges65/66B | €850 | €983 | €1,078 | €1,120 | €1,144 | ▲ 2.1% |
| Recurring financial charges65 | €850 | €983 | €1,078 | €1,120 | €1,144 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | €75,989 | €168,494 | €32,617 | €28,560 | €16,683 | ▼ 41.6% |
| Income taxes67/77 | €24 | - | - | - | - | - |
| Profit (loss) for the period9904 | €75,964 | €168,494 | €32,617 | €28,560 | €16,683 | ▼ 41.6% |
| Profit (loss) for the period to be appropriated9905 | €75,964 | €168,494 | €32,617 | €28,560 | €16,683 | ▼ 41.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.2m | €1.4m | €1.5m | €1.5m | ▲ 1.7% |
| Fixed assets21/28 | €117,769 | €121,387 | €112,239 | €283,924 | €266,160 | ▼ 6.3% |
| Tangible fixed assets22/27 | €105,638 | €109,256 | €100,819 | €272,429 | €254,603 | ▼ 6.5% |
| Land and buildings22 | €104,053 | €108,288 | €26,773 | €26,773 | €26,773 | = |
| Plant, machinery and equipment23 | - | - | €71,808 | €244,139 | €227,034 | ▼ 7.0% |
| Furniture and vehicles24 | €1,585 | €968 | €2,238 | €1,517 | €796 | ▼ 47.5% |
| Financial fixed assets28 | €12,131 | €12,131 | €11,420 | €11,495 | €11,557 | ▲ 0.5% |
| Current assets29/58 | €907,572 | €1.0m | €1.3m | €1.2m | €1.3m | ▲ 3.5% |
| Amounts receivable within one year40/41 | €59,179 | €5,230 | €177,622 | €187,619 | €166,322 | ▼ 11.4% |
| Trade receivables40 | €59,179 | €1,000 | €16 | - | €131 | - |
| Other amounts receivable41 | - | €4,230 | €177,606 | €187,619 | €166,191 | ▼ 11.4% |
| Cash at bank and in hand54/58 | €819,694 | €1.0m | €1.1m | €1.0m | €1.1m | ▲ 6.5% |
| Deferred charges and accrued income490/1 | €28,698 | €35,290 | €10,238 | €16,321 | €14,856 | ▼ 9.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.2m | €1.4m | €1.5m | €1.5m | ▲ 1.7% |
| Equity10/15 | €559,400 | €561,434 | €594,843 | €660,538 | €674,357 | ▲ 2.1% |
| Profit (loss) carried forward14 | €559,400 | €561,434 | €594,051 | €622,611 | €639,294 | ▲ 2.7% |
| Investment grants15 | - | - | €792 | €37,927 | €35,063 | ▼ 7.6% |
| Amounts payable17/49 | €465,941 | €605,984 | €777,181 | €841,083 | €852,501 | ▲ 1.4% |
| Amounts payable within one year42/48 | €459,948 | €599,810 | €595,402 | €834,891 | €731,107 | ▼ 12.4% |
| Trade debts44 | €53,138 | €67,993 | €9,567 | €19,173 | €21,249 | ▲ 10.8% |
| Suppliers440/4 | €53,138 | €67,993 | €9,567 | €19,173 | €21,249 | ▲ 10.8% |
| Taxes, remuneration and social security45 | €30,573 | €266 | €210,462 | €221,292 | €220,235 | ▼ 0.5% |
| Taxes450/3 | - | - | €30,832 | €31,272 | €31,232 | ▼ 0.1% |
| Remuneration and social security454/9 | €30,573 | €266 | €179,630 | €190,020 | €189,003 | ▼ 0.5% |
| Accrued charges and deferred income492/3 | €5,993 | €6,173 | €181,779 | €6,192 | €121,394 | ▲ 1,860% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,964 | €168,494 | €32,617 | €28,560 | €16,683 | ▼ 41.6% |
| + Depreciation and write-downs630 | €10,334 | €10,031 | €10,428 | €24,020 | €24,708 | ▲ 2.9% |
| Operating cash flow (approximation) | €86,298 | €178,525 | €43,045 | €52,580 | €41,391 | ▼ 21.3% |
| Investment in fixed assets (approximation) | - | -€13,649 | -€1,280 | -€195,705 | -€6,944 | ▲ 96.5% |
| Change in cash | - | €185,817 | €66,414 | -€58,168 | €65,763 | ▲ 213% |
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
03-07
State Gazette act
Resignations: Stéphane VANVARENBERGH (director) and Martine MORTIER (director)Appointments: Sophie Abiraad (director) and Antoine DELFOSSE (director) · Registered-office move14 facts ▸
State Gazette act
Resignations: Stéphane VANVARENBERGH (director) and Martine MORTIER (director)
Appointments: Sophie Abiraad (director) and Antoine DELFOSSE (director) · Registered-office move14 facts ▸
- General meeting, 26-05-2026
- Director resignation, Stéphane VANVARENBERGH (director)
- Director resignation, Martine MORTIER (director)
- Director appointment, Sophie Abiraad (director)
- Director appointment, Antoine DELFOSSE (director)
- Board composition, Philippe PETITJEAN (chair)
- Board composition, Naji ABIRAAD (director)
- Board composition, Sophie Abiraad (director)
- Board composition, Luc BACQ (director)
- Board composition, Antoine DELFOSSE (director)
- Board composition, Serge FORMISAN! (director)
- Board composition, Pascale TRUSSART (director)
- +2 further facts in this act
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €16,683 ▼41.6%
Net result drops to €16,683, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 101 days late
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 145 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 70 days late
2019
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 65 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 51 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 52 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Antoine DELFOSSE
CurrentDirector · since 03-07-2026
Sophie Abiraad
CurrentDirector · since 03-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Etterbeek · 3 establishment units since 1979
Ground area
786 m²
Building footprint
465 m²
Volume, LiDAR
7,616 m³
3 parcels, Brussels · tallest building 23.4 m, ±7 floors. Linked by address, not a title deed.
3 establishment units
Le Condor 64
since 19792.153.471.957
Le Condor 64 : service résidentiel type SAAE
since 20082.231.305.153
EpiSse : service extramuros type SAIE
since 20082.231.305.450
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0320/00Y003 | Brussels | 278 m² | 1 · 181 m² | 23.4 m · 7 fl. |
| 21362B0297/00V000 | Brussels | 271 m² | 1 · 112 m² | 20.0 m · 5 fl. |
| 21805E0024/00M000 | Brussels | 237 m² | 1 · 172 m² | 18.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
4 people since 2023, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Antoine DELFOSSE |
|
| Sophie Abiraad |
|
| Stéphane VANVARENBERGH |
|
| Martine MORTIER |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 to 2025 · 66 entries · 5,975,473 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 46 | 1,544,171 EUR |
| 2024 | 8 | 1,558,135 EUR |
| 2023 | 5 | 1,468,024 EUR |
| 2022 | 2 | 1,357,373 EUR |
| 2021 | 5 | 47,771 EUR |
Budget allocations
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Of 228 companies in sector 87991 we hold annual accounts for 209. 174 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded17-02-1979
Fiscal year end31-12
Activities, NACEBEL 2025
87991Residential care activities
E-invoicing
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Register as of 29 September 2026 · Peppol Directory
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