ACTIVE

CONDOR

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Financial year 2025 · closed on 31/03/2025

Net result

62 k €

-24.9% YoY

Gross margin

248,2 k €

-4.5% YoY

Equity

1,5 M €

+20.3% YoY

What does CONDOR do?

CONDOR is a Private limited company incorporated in 1990. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.092.850

Incorporation

24/07/1990

Legal form

Private limited company

Registered office

Duinendreef 56
8301 Knokke-Heist · FlandreSee on map

Contributed capital

645 946,76 €

Latest accounts

31/03/2025

Activities (NACE)

74879Other professional, scientific and technical activities· main 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	248,2 k €	-4.5%	259,9 k €	+23.5%	210,5 k €	+25.6%	167,6 k €	+21.9%	137,5 k €	-63.1%	372,8 k €	+19.5%	312 k €	-6.5%	333,8 k €	+1.0%	330,5 k €	+14.4%	288,9 k €	+31.5%	219,7 k €	-24.9%	292,5 k €	+46.3%	200 k €	+10.7%	180,7 k €	+11.7%	161,8 k €	-14.2%	188,5 k €	-20.3%	236,6 k €	-10.0%	262,9 k €	+20.7%	217,8 k €
EBITDA	238,8 k €	-3.9%	248,6 k €	+23.0%	202,1 k €	+29.2%	156,4 k €	+22.9%	127,2 k €	-65.1%	364,8 k €	+19.2%	306,1 k €	-5.9%	325,2 k €	+0.9%	322,4 k €	+14.4%	281,9 k €	+31.6%	214,2 k €	-24.1%	282,3 k €	+67.9%	168,2 k €	-4.6%	176,3 k €	+12.9%	156,1 k €	-3.1%	161 k €	-25.6%	216,5 k €	-9.1%	238,2 k €	+13.4%	210 k €
Operating result	129 k €	-11.4%	145,6 k €	+41.3%	103 k €	+74.5%	59 k €	+99.1%	29,7 k €	-88.9%	266,6 k €	+41.5%	188,4 k €	-8.6%	206,2 k €	+0.2%	205,7 k €	+13.0%	182,1 k €	+58.8%	114,6 k €	-19.3%	142,1 k €	+42.6%	99,7 k €	-5.6%	105,7 k €	+23.8%	85,4 k €	+7.0%	79,8 k €	-37.3%	127,3 k €	-18.0%	155,3 k €	+18.0%	131,6 k €
Net result	62 k €	-24.9%	82,5 k €	+41.3%	58,4 k €	+404%	11,6 k €	+4.9%	11,1 k €	-93.0%	158,6 k €	+45.2%	109,2 k €	-13.5%	126,2 k €	+10.9%	113,8 k €	+29.7%	87,8 k €	+42.9%	61,4 k €	-36.9%	97,4 k €	+45.3%	67 k €	-2.8%	69 k €	+10.9%	62,2 k €	-15.0%	73,1 k €	+17.8%	62,1 k €	-37.4%	99,2 k €	+153%	39,1 k €
Balance sheet
Equity	1,5 M €	+20.3%	1,2 M €	-19.8%	1,5 M €	+4.0%	1,5 M €	+0.8%	1,5 M €	+0.9%	1,5 M €	+12.3%	1,3 M €	+9.2%	1,2 M €	+7.6%	1,1 M €	+11.5%	987,1 k €	+9.8%	899,3 k €	+7.3%	837,9 k €	+4.9%	798,5 k €	+9.2%	731,5 k €	+10.4%	662,5 k €	+10.4%	600,4 k €	+13.9%	527,2 k €	+13.4%	465,1 k €	+27.1%	366 k €
Total assets	2,4 M €	+7.3%	2,2 M €	+11.5%	2 M €	+0.6%	2 M €	-3.7%	2,1 M €	-2.7%	2,1 M €	+2.9%	2,1 M €	-4.7%	2,2 M €	-3.3%	2,2 M €	+14.4%	2 M €	-1.3%	2 M €	+5.5%	1,9 M €	+46.9%	1,3 M €	+2.9%	1,2 M €	+29.2%	961,6 k €	+12.5%	854,7 k €	+27.6%	670 k €	-2.6%	687,7 k €	+3.2%	666,2 k €
Cash	403,9 k €	+278%	106,8 k €	+10.7%	96,5 k €	+1149%	7,7 k €	-75.0%	31 k €	-79.3%	149,2 k €	+4.5%	142,8 k €	+44.3%	99 k €	+170%	36,7 k €	-66.3%	108,8 k €	-8.6%	119 k €	+47.1%	80,9 k €	-63.5%	221,5 k €	+148%	89,5 k €	+39.6%	64,1 k €	-78.8%	302,8 k €	+56.5%	193,5 k €	+39.2%	139,1 k €	+60.6%	86,6 k €
Debts	867,9 k €	-12.6%	992,7 k €	+116%	459,6 k €	-9.0%	504,9 k €	-14.5%	590,9 k €	-10.5%	660,3 k €	-12.9%	758,4 k €	-21.8%	970,3 k €	-14.7%	1,1 M €	+17.8%	965,9 k €	-10.7%	1,1 M €	+4.1%	1 M €	+117%	479,7 k €	-6.1%	510,7 k €	+70.8%	299 k €	+17.6%	254,4 k €	+78.2%	142,7 k €	-35.9%	222,6 k €	-25.7%	299,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,0 ETP	-100%	0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 9 ended

Active mandates

Mia Vanclooster

Director · since 30 juillet 1990

Active

Peter Watteeuw

Director · since 30 juillet 1990

Active

Ended mandates

Peter Watteeuw

Managing director · since 30 juillet 1990

Ended

Mia Vanclooster

Mandate

Ended

Mia Vanclooster

Director

Ended

Mia Vanclooster

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/10/2025	18/10/2024	30/10/2023	27/10/2022	16/11/2021	01/10/2020
General meeting	20/09/2025	20/09/2024	30/09/2023	19/09/2022	20/09/2021	21/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	20/09/2025	20/10/2025	Dutch	PDF
Micro model	31/03/2024	20/09/2024	18/10/2024	Dutch	PDF
Micro model	31/03/2023	30/09/2023	30/10/2023	Dutch	PDF
Micro model	31/03/2022	19/09/2022	27/10/2022	Dutch	PDF
Micro model	31/03/2021	20/09/2021	16/11/2021	Dutch	PDF
Micro model	31/03/2020	21/09/2020	01/10/2020	Dutch	PDF
Micro model	31/03/2019	16/09/2019	21/10/2019	Dutch	PDF
Micro model	31/03/2018	20/09/2018	30/10/2018	Dutch	PDF
Micro model	31/03/2017	18/09/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	20/09/2016	28/11/2016	Dutch	PDF
Abridged model	31/03/2015	21/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/03/2014	20/09/2014	29/09/2014	Dutch	PDF
Abridged model	31/03/2013	20/09/2013	30/10/2013	Dutch	PDF
Abridged model	31/03/2012	20/09/2012	31/10/2012	Dutch	PDF
Abridged model	31/03/2011	20/09/2011	13/10/2011	Dutch	PDF
Abridged model	31/03/2010	20/09/2010	23/11/2010	Dutch	PDF
Abridged model	31/03/2009	20/09/2009	30/09/2009	Dutch	PDF
Abridged model	31/03/2008	20/09/2008	30/09/2008	Dutch	PDF
Abridged model	31/03/2007	20/09/2007	29/10/2007	Dutch	PDF
Abridged model	31/03/2006	01/09/2006	29/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 9 ended

Active mandates

Mia Vanclooster

Director · since 30 juillet 1990

Active

Peter Watteeuw

Director · since 30 juillet 1990

Active

Ended mandates

Peter Watteeuw

Managing director · since 30 juillet 1990

Ended

Mia Vanclooster

Mandate

Ended

Mia Vanclooster

Director

Ended

Mia Vanclooster

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring07/10/2024
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring04/07/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates20/07/2020
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares27/03/2014
KAPITAAL - AANDELEN
PDF
Mandates04/01/2012
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/07/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/01/2005
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202562 k €↓
2024
Annual accounts 202482,5 k €↑
2023
Annual accounts 202358,4 k €↑
2022
Annual accounts 202211,6 k €↑
2021
Annual accounts 202111,1 k €↓
2020
Annual accounts 2020158,6 k €↑
2019
Annual accounts 2019109,2 k €↓
2018
Annual accounts 2018126,2 k €↑
2017
Annual accounts 2017113,8 k €↑
2016
Annual accounts 201687,8 k €↑
2015
Annual accounts 201561,4 k €↓
2014
Annual accounts 201497,4 k €↑
2013
Annual accounts 201367 k €↓
2012
Annual accounts 201269 k €↑
2011
Annual accounts 201162,2 k €↓
2010
Annual accounts 201073,1 k €↑
2009
Annual accounts 200962,1 k €↓
2008
Annual accounts 200899,2 k €↑
2007
Annual accounts 200739,1 k €
24/07/1990
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CONDOR

Overview

What does CONDOR do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline