Summary
CONDOR BIDCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €131.21M and a net result of €-4.87M. Equity remains stable across the filed fiscal years (±0.9% per year). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
37 d early
2022
28 d late
2021
393 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, unclassified schema
Equity
€131.21M▼ 3.6%
2023 · €136.08M
2021: €125.30M
2022: €140.42M
2023: €136.08M
2021 → 2024
Net result
€-4.87M▼ 12.2%
2023 · €-4.34M
2021: €-11.53M
2022: €-3.47M
2023: €-4.34M
2021 → 2024
Total assets
€170.15M=
2023 · €170.09M
2021: €152.08M
2022: €171.60M
2023: €170.09M
2021 → 2024
Solvency
77.1%▼ 2.9pp
2023 · 80.0%
2021: 82.4%
2022: 81.8%
2023: 80.0%
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€1.99M€2.26M▲ 13.6%€2.39M▲ 5.4%
Equity€125.30M-€140.42M▲ 12.1%€136.08M▼ 3.1%€131.21M▼ 3.6%
Operating result€-10.24M-€-231k▲ 97.7%€-130k▲ 43.7%€-8k▲ 93.6%
Net result€-11.53M-€-3.47M▲ 69.9%€-4.34M▼ 24.9%€-4.87M▼ 12.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2024 against €130k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €169.74M
Fixed assets
€168.15M ▼ 0.2%
Current assets
€1.58M ▲ 42.1%
Equity and liabilities €170.15M
Equity
€131.21M ▼ 3.6%
Debt
€38.94M ▲ 14.5%
Debt's share of the balance-sheet total rises from 20.0% to 22.9%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-3.7%▼
2023 · -3.2%
ROA
-2.9%▼
2023 · -2.6%
Debt ≤ 1 year
€588k▲
2023 · €286k
Debt > 1 year
€38.33M▲
2023 · €33.47M
Staff costs
€94k▼
2023 · €120k
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 · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€170.09M€170.15M=
Formation expenses20€531k€417k▼
Fixed assets21/28€168.44M€168.15M▼
Intangible fixed assets21€628k€338k▼
Financial fixed assets28€167.81M€167.81M=
Affiliated companies280/1€167.81M€167.81M=
Participating interests280€167.81M€167.81M=
Current assets29/58€1.11M€1.58M▲
Amounts receivable within one year40/41€845k€1.51M▲
Trade receivables40€547k€1.14M▲
Other amounts receivable41€298k€371k▲
Cash at bank and in hand54/58€269k€74k▼
Deferred charges and accrued income490/1€268€0▼
Equity and liabilities
Total equity and liabilities10/49€170.09M€170.15M=
Equity10/15€136.08M€131.21M▼
Contributions10/11€155.42M€155.42M=
Profit (loss) carried forward14€-19.34M€-24.21M▼
Amounts payable17/49€34.01M€38.94M▲
Amounts payable after more than one year17€33.47M€38.33M▲
Financial debts170/4€33.47M€38.33M▲
Other loans174€33.47M€38.33M▲
Amounts payable within one year42/48€286k€588k▲
Trade debts44€38k€28k▼
Suppliers440/4€38k€28k▼
Taxes, remuneration and social security45€236k€115k▼
Taxes450/3€140k€31k▼
Remuneration and social security454/9€96k€84k▼
Other amounts payable47/48€12k€446k▲
Accrued charges and deferred income492/3€253k€26k▼
Income statement
Code20232024
Operating income70/76A€2.27M€2.39M▲
Turnover70€2.26M€2.39M▲
Other operating income74€3k€3k▲
Non-recurring operating income76A€1k-
Operating charges60/66A€2.40M€2.40M=
Services and other goods61€1.92M€1.90M▼
Remuneration, social security and pensions62€120k€94k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€356k€404k▲
Other operating charges640/8€1k€559▼
Operating profit (loss)9901€-130k€-8k▲
Financial income75/76B€20k€378▼
Recurring financial income75€20k€378▼
Other financial income752/9€20k€378▼
Financial charges65/66B€4.23M€4.86M▲
Recurring financial charges65€4.23M€4.86M▲
Debt charges650-€4.86M
Other financial charges652/9€4.23M-
Profit (loss) for the period before taxes9903€-4.34M€-4.87M▼
Profit (loss) for the period9904€-4.34M€-4.87M▼
Profit (loss) for the period to be appropriated9905€-4.34M€-4.87M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19.34M€-24.21M▼
Profit (loss) brought forward from the previous period14P€-15.00M€-19.34M▼
Social balance
Average headcount (FTE)90872.51.2▼
The notes to these accounts (33 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
03-09
State Gazette act
Resignation: HOLDINGPAD SAS (director)Appointments: Pierre-Antoine Dusoulier, Camilla Gaetani and CATIMAX9 facts ▸
State Gazette act
Resignation: HOLDINGPAD SAS (director)
Appointments: Pierre-Antoine Dusoulier, Camilla Gaetani and CATIMAX9 facts ▸
- General meeting, 03-06-2026
- Director resignation, HOLDINGPAD SAS (director)
- Director appointment, Pierre-Antoine Dusoulier (director)
- Director appointment, Camilla Gaetani (director)
- Director appointment, CATIMAX (director)
- Board meeting, 15-06-2026
- Director resignation, HOLDINGPAD SAS (daily management delegate)
- Director appointment, Pierre-Antoine Dusoulier (daily management delegate)
- Director appointment, CATIMAX (daily management delegate)
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 28 days late
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 393 days late
State Gazette actNBB filing
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26111362). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
CATIMAX
CurrentDirector · since 03-06-2026 · Private limited company
DUSOULIER Pierre-Antoine
CurrentDirector · since 03-06-2026
GAETANI Camilla
CurrentDirector · since 03-06-2026
03-06-2026
CATIMAX: Appointed as Director
03-06-2026
CATIMAX: Appointed as Daily management delegate
03-06-2026
DUSOULIER Pierre-Antoine: Appointed as Director
03-06-2026
DUSOULIER Pierre-Antoine: Appointed as Daily management delegate
03-06-2026
GAETANI Camilla: Appointed as Director
Not every act has been read: a resignation may be missing here
8 of this company's 9 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, Brussel · 1 establishment unit since 2021
Ground area
1,833 m²
Building footprint
1,831 m²
Volume, LiDAR
45,608 m³
Parcel 21822R0224/00S007, Brussels · tallest building 45.6 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
CONDOR BIDCO
since 20212.339.631.585
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0224/00S007 | Brussels | 1,833 m² | 1 · 1,831 m² | 45.6 m · 8 fl. |
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.
Structure & network
Connections & network
8 connected companiesLinked via shared directors
via DUSOULIER Pierre-Antoine · Director
→
via DUSOULIER Pierre-Antoine · Director
→
via DUSOULIER Pierre-Antoine · Director
→
via DUSOULIER Pierre-Antoine · Director
→
Show 4 more companies with a shared director
via DUSOULIER Pierre-Antoine · Director
→
via DUSOULIER Pierre-Antoine and GAETANI Camilla · Director
→
via DUSOULIER Pierre-Antoine · Director
→
via DUSOULIER Pierre-Antoine and GAETANI Camilla · Director
→
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 1,544 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.