CONDOR FINCO

Active

Private limited companyfounded 20215 yrs activeLouizalaan 489, 1050 Brussel, BelgiumKBO/BCE: BE 0770.665.691

Summary

CONDOR FINCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (€-200k) and a net result of €-450k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2777 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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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

Two signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2777 sector peers (2024).

NBB · sector comparison

Position among 2777 sector peers

Solvency

better than 5%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

44 d early

2023

37 d early

2022

28 d late

2021

393 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Equity

€-200k

2023 · €250k

2021: €103k 2022: €109k 2023: €250k

2021 → 2024

Net result

€-450k▼ 25.4%

2023 · €-359k

2021: €2k 2022: €6k 2023: €-359k

2021 → 2024

Total assets

€75.53M▲ 22.1%

2023 · €61.87M

2021: €31.31M 2022: €54.11M 2023: €61.87M

2021 → 2024

Solvency

-0.3%▼ 0.7pp

2023 · 0.4%

2021: 0.3% 2022: 0.2% 2023: 0.4%

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€103k-€109k▲ 5.6%€250k▲ 130%€-200k

Operating result€-30k-€-16k▲ 48.1%€-2k▲ 89.9%€-5k▼ 241%

Net result€2k-€6k▲ 204%€-359k€-450k▼ 25.4%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €5k in 2024 against €2k in 2023; the loss grows.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €75.53M

88.2%

12%

Fixed assets €66.62M ▲ 18.0%

Current assets €8.91M ▲ 65.0%

Key figures and ratios

2024 value · change against 2023

ROA

-0.6%▼

2023 · -0.6%

Debt

€75.73M▲

2023 · €61.62M

Debt ≤ 1 year

€153k▲

2023 · €52k

Debt > 1 year

€75.58M▲

2023 · €61.57M

Income taxes

€952k▲

2023 · €628k

Staff costs

€62k▼

2023 · €88k

A ratio outside any meaningful range has been withheld (balance sheet total €75.53M, equity €-200k).

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 · 39 lines

Balance sheet Code20232024

Assets

Total assets20/58€61.87M€75.53M▲

Fixed assets21/28€56.47M€66.62M▲

Financial fixed assets28€56.47M€66.62M▲

Current assets29/58€5.40M€8.91M▲

Amounts receivable within one year40/41€881k€1.23M▲

Trade receivables40€360k€743k▲

Other amounts receivable41€521k€491k▼

Cash at bank and in hand54/58€4.50M€7.66M▲

Deferred charges and accrued income490/1€12k€10k▼

Equity and liabilities

Total equity and liabilities10/49€61.87M€75.53M▲

Equity10/15€250k€-200k▼

Contributions10/11€601k€601k=

Profit (loss) carried forward14€-351k€-801k▼

Amounts payable17/49€61.62M€75.73M▲

Amounts payable after more than one year17€61.57M€75.58M▲

Financial debts170/4€61.57M€75.58M▲

Amounts payable within one year42/48€52k€153k▲

Trade debts44-€296

Suppliers440/4-€296

Taxes, remuneration and social security45€40k€14k▼

Remuneration and social security454/9€40k€14k▼

Other amounts payable47/48€12k€138k▲

Income statement Code20232024

Remuneration, social security and pensions62€88k€62k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€0

Other operating charges640/8€960€968▲

Gross operating margin9900€87k€58k▼

Operating profit (loss)9901€-2k€-5k▼

Financial income75/76B€7.86M€9.61M▲

Recurring financial income75€7.86M€9.61M▲

Non-recurring financial income76B€1k-

Financial charges65/66B€7.59M€9.11M▲

Recurring financial charges65€7.59M€9.11M▲

Profit (loss) for the period before taxes9903€269k€502k▲

Income taxes67/77€628k€952k▲

Profit (loss) for the period9904€-359k€-450k▼

Profit (loss) for the period to be appropriated9905€-359k€-450k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-351k€-801k▼

Profit (loss) brought forward from the previous period14P€8k€-351k▼

Social balance

Average headcount (FTE)90871.00.8▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 9Financial 4Gazette 1Filings 4

2026

03-09

State Gazette act Resignation: HOLDINGPAD SAS (director)

Appointments: Pierre-Antoine Dusoulier, Jérémy Nakache and CATIMAX · Power of attorney6 facts ▸

General meeting, 03-06-2026
Director resignation, HOLDINGPAD SAS (director)
Director appointment, Pierre-Antoine Dusoulier (director)
Director appointment, Jérémy Nakache (director)
Director appointment, CATIMAX (director)
Power of attorney, Harvest Avocats

2025

17-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Weakest financial yearnet €-450k

Net result drops to €-450k, the lowest in the series.

24-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Equity above €200kEq €250k ▲130%

Equity rises from €109k to €250k.

28-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 28 days late

28-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 393 days late

2022

31-12

Financial Highest result since 2021net €6k ▲204%

Net result €6k, the highest in the series.

31-12

Financial Liquidity quadruplescurrent ratio 1016.79

Current ratio from 287.29 to 1016.79; short-term debt falls from €18k to €17k.

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 7 acts read

About the unread acts

Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

under verification, last change in 2026

This board is reconstructed from a single act (26111363). 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

Director · since 03-06-2026 · Private limited company

Current

DUSOULIER Pierre-Antoine

Director · since 03-06-2026

Current

NAKACHE Jeremy

Director · since 03-06-2026

Current

03-06-2026 CATIMAX: Appointed as Director

03-06-2026 DUSOULIER Pierre-Antoine: Appointed as Director

03-06-2026 NAKACHE Jeremy: Appointed as Director

03-06-2026 HoldingPad SAS: Resigned as Director

Not every act has been read: a resignation may be missing here

6 of this company's 7 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

seat establishment The establishment unit on the map

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

Louizalaan 489, 1050 Brussel

Other financial services

since 20212.339.984.151

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.

Recognitions · licences · registrations

Legal Entity Identifier

8945006G6SDYP7527P23

no longer live in the LEI register

Similar companies · same sector, comparable size

Of 807 companies in sector 64999 we hold annual accounts for 484. 316 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

64999Other financial services

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.

CONDOR FINCO

Checked score

Signals

Financials · fiscal year 2024, full schema

Timeline · acts, filings and financial milestones

Directors · office · real estate

Structure & network

Connections & network

Recognitions · licences · registrations

Legal Entity Identifier

Similar companies · same sector, comparable size

Company data · Crossroads Bank