Condo
ActiveSummary
Condo has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €355k and a net result of €75k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 87% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+2
Solvency100▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.29 against 2.49 in 2024; short-term debt: 14.6% and cash: 14.5% of total assets), and 20.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
79.7%
Return on assets
16.9%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
29 d late
2022
2 d early
2021
73 d early
2020
39 d early
2019
10 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€355k▲ 26.2%
2024 · €281k
2018: €168klowest in 8 years
2019: €196k▲ +16.7% vs 2018
2020: €207k▲ +5.4% vs 2019
2021: €260k▲ +25.9% vs 2020
2022: €208k▼ -19.9% vs 2021
2023: €249k▲ +19.3% vs 2022
2024: €281k▲ +13.1% vs 2023
2025: €355k▲ +26.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€445k▲ 6.1%
2024 · €420k
2018: €397k
2019: €397k● -0.0% vs 2018lowest in 8 years
2020: €463k▲ +16.5% vs 2019
2021: €485k▲ +4.8% vs 2020highest in 8 years
2022: €406k▼ -16.3% vs 2021
2023: €429k▲ +5.7% vs 2022
2024: €420k▼ -2.1% vs 2023
2025: €445k▲ +6.1% vs 2024
2018 → 2025
Net result
€75k▲ 15.2%
2024 · €65k
2018: €7klowest in 8 years
2019: €31k▲ +325% vs 2018
2020: €43k▲ +36.3% vs 2019
2021: €54k▲ +27.8% vs 2020
2022: €42k▼ -22.1% vs 2021
2023: €47k▲ +11.9% vs 2022
2024: €65k▲ +37.5% vs 2023
2025: €75k▲ +15.2% vs 2024highest in 8 years
2018 → 2025
Working capital
€214k▲ 62.4%
2024 · €132k
2018: €68k
2019: €93k▲ +37.3% vs 2018
2020: €67k▼ -27.9% vs 2019
2021: €112k▲ +67.0% vs 2020
2022: €58k▼ -48.7% vs 2021lowest in 8 years
2023: €95k▲ +64.2% vs 2022
2024: €132k▲ +39.0% vs 2023
2025: €214k▲ +62.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€260k-€208k▼ 19.9%€249k▲ 19.3%€281k▲ 13.1%€355k▲ 26.2%
2021: €260k
2022: €208k▼ -19.9% vs 2021lowest in 5 years
2023: €249k▲ +19.3% vs 2022
2024: €281k▲ +13.1% vs 2023
2025: €355k▲ +26.2% vs 2024highest in 5 years
Operating result€80k-€70k▼ 12.6%€75k▲ 7.2%€99k▲ 31.6%€110k▲ 11.2%
2021: €80k
2022: €70k▼ -12.6% vs 2021lowest in 5 years
2023: €75k▲ +7.2% vs 2022
2024: €99k▲ +31.6% vs 2023
2025: €110k▲ +11.2% vs 2024highest in 5 years
Net result€54k-€42k▼ 22.1%€47k▲ 11.9%€65k▲ 37.5%€75k▲ 15.2%
2021: €54k
2022: €42k▼ -22.1% vs 2021lowest in 5 years
2023: €47k▲ +11.9% vs 2022
2024: €65k▲ +37.5% vs 2023
2025: €75k▲ +15.2% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €445k
Fixed assets
€166k ▼ 16.7%
Current assets
€279k ▲ 26.7%
Equity and liabilities €445k
Equity
€355k ▲ 26.2%
Debt
€90k ▼ 34.7%
Debt's share of the balance-sheet total falls from 33.0% to 20.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€143k▲
2024 · €134k
Cash flow
€109k▲
2024 · €101k
Current ratio
4.29▲
2024 · 2.49
Debt to equity
0.25▼
2024 · 0.49
ROE
21.2%▼
2024 · 23.2%
ROA
16.9%▲
2024 · 15.6%
Interest coverage
22.41▼
2024 · 27.46
Debt ≤ 1 year
€65k▼
2024 · €89k
Debt > 1 year
€25k▼
2024 · €49k
Income taxes
€33k▲
2024 · €29k
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 · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€420k€445k▲
Fixed assets21/28€200k€166k▼
Tangible fixed assets22/27€200k€166k▼
Land and buildings22€164k€149k▼
Plant, machinery and equipment23€1k€0▼
Furniture and vehicles24€14k€0▼
Other tangible fixed assets26€21k€17k▼
Current assets29/58€220k€279k▲
Amounts receivable within one year40/41€26k€122k▲
Trade receivables40€26k€26k▼
Other amounts receivable41€250€96k▲
Current investments50/53€61k€85k▲
Cash at bank and in hand54/58€125k€65k▼
Deferred charges and accrued income490/1€9k€7k▼
Equity and liabilities
Total equity and liabilities10/49€420k€445k▲
Equity10/15€281k€355k▲
Contributions10/11€6k€6k=
Reserves13€253k€328k▲
Distributable reserves133€253k€328k▲
Profit (loss) carried forward14€22k€20k▼
Amounts payable17/49€139k€90k▼
Amounts payable after more than one year17€49k€25k▼
Financial debts170/4€49k€25k▼
Amounts payable within one year42/48€89k€65k▼
Current portion of amounts payable after more than one year42€32k€23k▼
Trade debts44€1k€0▼
Suppliers440/4€1k€0▼
Taxes, remuneration and social security45€13k€40k▲
Taxes450/3€13k€40k▲
Other amounts payable47/48€42k€2k▼
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Non-recurring operating income76A-€10k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€33k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€138k€147k▲
Operating profit (loss)9901€99k€110k▲
Financial income75/76B€653€5k▲
Recurring financial income75€653€5k▲
Non-recurring financial income76B€0-
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€95k€108k▲
Income taxes67/77€29k€33k▲
Profit (loss) for the period9904€65k€75k▲
Profit (loss) for the period to be appropriated9905€65k€75k▲
Appropriation of the result
Profit (loss) to be appropriated9906€89k€97k▲
Profit (loss) brought forward from the previous period14P€24k€22k▼
Transfer from equity791/2€31k€0▼
Transfer to equity691/2€65k€75k▲
To other reserves6921€65k€75k▲
Profit to be distributed694/7€33k€2k▼
Return on contributions (dividend)694€33k€2k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | €10k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42k | €45k | €38k | €36k | €33k | ▼ 6.4% |
| Other operating charges640/8 | - | €3k | €6k | €3k | €4k | ▲ 17.4% |
| Non-recurring operating charges66A | - | €2k | €0 | - | - | - |
| Gross operating margin9900 | €128k | €120k | €119k | €138k | €147k | ▲ 6.8% |
| Operating profit (loss)9901 | €80k | €70k | €75k | €99k | €110k | ▲ 11.2% |
| Financial income75/76B | - | €309 | €628 | €653 | €5k | ▲ 635% |
| Recurring financial income75 | €3k | €309 | €0 | €653 | €5k | ▲ 635% |
| Non-recurring financial income76B | - | - | €628 | €0 | - | - |
| Financial charges65/66B | - | €7k | €7k | €5k | €6k | ▲ 30.5% |
| Recurring financial charges65 | €7k | €7k | €7k | €5k | €6k | ▲ 30.5% |
| Non-recurring financial charges66B | - | €628 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €76k | €63k | €69k | €95k | €108k | ▲ 14.5% |
| Income taxes67/77 | €22k | €21k | €21k | €29k | €33k | ▲ 13.0% |
| Profit (loss) for the period9904 | €54k | €42k | €47k | €65k | €75k | ▲ 15.2% |
| Profit (loss) for the period to be appropriated9905 | €54k | €42k | €47k | €65k | €75k | ▲ 15.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €485k | €406k | €429k | €420k | €445k | ▲ 6.1% |
| Fixed assets21/28 | €290k | €262k | €235k | €200k | €166k | ▼ 16.7% |
| Tangible fixed assets22/27 | €290k | €262k | €235k | €200k | €166k | ▼ 16.7% |
| Land and buildings22 | - | €184k | €179k | €164k | €149k | ▼ 9.1% |
| Plant, machinery and equipment23 | - | €4k | €3k | €1k | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €44k | €29k | €14k | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €29k | €25k | €21k | €17k | ▼ 18.2% |
| Current assets29/58 | €195k | €144k | €194k | €220k | €279k | ▲ 26.7% |
| Amounts receivable within one year40/41 | €37k | €47k | €52k | €26k | €122k | ▲ 366% |
| Trade receivables40 | - | €47k | €52k | €26k | €26k | ▼ 0.3% |
| Other amounts receivable41 | - | €250 | €250 | €250 | €96k | ▲ 38,459% |
| Current investments50/53 | €5k | €12k | €37k | €61k | €85k | ▲ 39.7% |
| Cash at bank and in hand54/58 | €133k | €67k | €90k | €125k | €65k | ▼ 48.2% |
| Deferred charges and accrued income490/1 | - | €17k | €15k | €9k | €7k | ▼ 13.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €485k | €406k | €429k | €420k | €445k | ▲ 6.1% |
| Equity10/15 | €260k | €208k | €249k | €281k | €355k | ▲ 26.2% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €230k | €179k | €219k | €253k | €328k | ▲ 29.7% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Distributable reserves133 | - | €177k | €219k | €253k | €328k | ▲ 29.7% |
| Profit (loss) carried forward14 | €24k | €24k | €24k | €22k | €20k | ▼ 7.6% |
| Amounts payable17/49 | €224k | €197k | €180k | €139k | €90k | ▼ 34.7% |
| Amounts payable after more than one year17 | €142k | €111k | €80k | €49k | €25k | ▼ 47.7% |
| Financial debts170/4 | - | €111k | €80k | €49k | €25k | ▼ 47.7% |
| Amounts payable within one year42/48 | €83k | €86k | €99k | €89k | €65k | ▼ 26.5% |
| Current portion of amounts payable after more than one year42 | - | €30k | €31k | €32k | €23k | ▼ 26.6% |
| Trade debts44 | €14k | €3k | €21k | €1k | €0 | ▼ 100% |
| Suppliers440/4 | - | €3k | €21k | €1k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €15k | €16k | €13k | €40k | ▲ 199% |
| Taxes450/3 | - | €15k | €16k | €13k | €40k | ▲ 199% |
| Other amounts payable47/48 | - | €37k | €30k | €42k | €2k | ▼ 96.1% |
| Accrued charges and deferred income492/3 | - | - | €1k | €2k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €42k | €47k | €65k | €75k | ▲ 15.2% |
| + Depreciation and write-downs630 | €42k | €45k | €38k | €36k | €33k | ▼ 6.4% |
| Operating cash flow (approximation) | €97k | €87k | €85k | €101k | €109k | ▲ 7.6% |
| Investment in fixed assets (approximation) | - | €-17k | €-11k | €0 | €0 | - |
| Change in cash | - | €-66k | €22k | €35k | €-60k | ▼ 270% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
09-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2025
30-09
Financial
Highest result since 2018net €75k ▲15.2%
Operating result €110k, net result €75k, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-09
State Gazette act
General meeting · Director resignation
Board meeting · Power of attorney
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €200kEq €207k ▲5.4%
3 profitable years in a row build equity to €207k.
20-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lille · 1 establishment unit since 2010
Ground area
1,413 m²
Building footprint
209 m²
Volume, LiDAR
973 m³
Parcel 13032A0012/00P002, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Berkenlaan 16, 2275 Lille
since 20102.193.351.528
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13032A0012/00P002 | Flanders | 1,413 m² | 1 · 209 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
2 connected companiesLinked via shared directors
Shared director
→
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 12,384 EUR awarded · 9,072 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 5,184 EUR | 5,184 EUR |
| 2023 | 1 | 7,200 EUR | 3,888 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 10,458 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-10-2010
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.