Condor 4
ActiveSummary
The computed 12-month bankruptcy probability of Condor 4 is 5.9% (elevated). The 2024 annual accounts show equity of €628k and a net result of €-11k. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability33=
Solvency100=
Growth58
Track record94
Bankruptcy probability, 12 months
5.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days only on tighter terms
Liquidity short (current ratio 0.36 against 40.77 in 2023; short-term debt: 4.8% and cash: 1.7% of total assets), and 4.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
95.2%
Return on assets
-1.6%
Age of the figures
21 mo
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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-11k▲ 0.9%
2023 · €-11k
2023: €-11k
2023 → 2024
Working capital
€-20k
2023 · €15k
2023: €15k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€638k-€628k▼ 1.7%
Operating result€-10k-€-4k▲ 62.0%
Net result€-11k-€-11k▲ 0.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2024 against €10k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €659k
Fixed assets
€648k =
Current assets
€11k ▼ 27.9%
Equity and liabilities €659k
Equity
€628k ▼ 1.7%
Debt
€32k ▲ 24.6%
Debt's share of the balance-sheet total rises from 3.8% to 4.8%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.36▼
2023 · 40.77
Debt to equity
0.05▲
2023 · 0.04
ROE
-1.7%▼
2023 · -1.7%
ROA
-1.6%▲
2023 · -1.6%
Debt ≤ 1 year
€32k▲
2023 · €384
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 · 26 lines
Balance sheet
Code20232024
Assets
Total assets20/58€664k€659k▼
Fixed assets21/28€648k€648k=
Financial fixed assets28€648k€648k=
Current assets29/58€16k€11k▼
Cash at bank and in hand54/58€16k€11k▼
Equity and liabilities
Total equity and liabilities10/49€664k€659k▼
Equity10/15€638k€628k▼
Contributions10/11€649k€649k=
Profit (loss) carried forward14€-11k€-21k▼
Amounts payable17/49€25k€32k▲
Amounts payable after more than one year17€25k-
Financial debts170/4€25k-
Amounts payable within one year42/48€384€32k▲
Trade debts44€384-
Suppliers440/4€384-
Other amounts payable47/48-€32k
Income statement
Code20232024
Other operating charges640/8€534€735▲
Gross operating margin9900€-10k€-3k▲
Operating profit (loss)9901€-10k€-4k▲
Financial charges65/66B€653€7k▲
Recurring financial charges65€653€7k▲
Profit (loss) for the period before taxes9903€-11k€-11k▲
Profit (loss) for the period9904€-11k€-11k▲
Profit (loss) for the period to be appropriated9905€-11k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-21k▼
Profit (loss) brought forward from the previous period14P-€-11k
The notes to these accounts (4 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
Reappointment: FORVIS MAZARS REVISEURS D'ENTREPRISES SRL (statutory auditor)Resignations: HOLDINGPAD SAS (director) and FINADLP SRL (director) · Appointments: Pierre-Antoine Dusoulier (director) and CATIMAX (director) · Power of attorney7 facts ▸
State Gazette act
Reappointment: FORVIS MAZARS REVISEURS D'ENTREPRISES SRL (statutory auditor)
Resignations: HOLDINGPAD SAS (director) and FINADLP SRL (director) · Appointments: Pierre-Antoine Dusoulier (director) and CATIMAX (director) · Power of attorney7 facts ▸
- General meeting, 03-06-2026
- Auditor reappointment, FORVIS MAZARS REVISEURS D'ENTREPRISES SRL
- Director resignation, HOLDINGPAD SAS (director)
- Director resignation, FINADLP SRL (director)
- Director appointment, Pierre-Antoine Dusoulier (director)
- Director appointment, CATIMAX (director)
- Power of attorney, Harvest Avocats
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
State Gazette actNBB filing
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 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
CATIMAX
CurrentDirector · since 03-06-2026 · Private limited company
DUSOULIER Pierre-Antoine
CurrentDirector · since 03-06-2026
03-06-2026
CATIMAX: Appointed as Director
03-06-2026
DUSOULIER Pierre-Antoine: Appointed as Director
03-06-2026
FINADLP SRL: Resigned as Director
03-06-2026
HoldingPad SAS: Resigned as Director
Not every act has been read: a resignation may be missing here
3 of this company's 4 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 2022
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
since 20222.338.883.497
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.
Statutory auditor
1 auditor| FORVIS MAZARS REVISEURS D'ENTREPRISES SRLCurrent Auditor · represented by Sébastien Schueremans | 03-06-2026 → present |
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
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via DUSOULIER Pierre-Antoine · Director
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via DUSOULIER Pierre-Antoine · Director
→
via DUSOULIER Pierre-Antoine · Director
→
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2022
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.