ACTIVE

CONDOR DEVELOPMENT

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Financial year 2026 · closed on 31/03/2026
Net result
-215,2 k €
-188.4% YoY
Gross margin
-31,6 k €
-106.9% YoY
Equity
562,5 k €
-27.7% YoY
Workforce
1,7 ETP
+41.7% YoY

What does CONDOR DEVELOPMENT do?

CONDOR DEVELOPMENT is a Private limited company incorporated in 2015. Its main activity is: Development of building projects. Its registered office is in Grimbergen. It employs on average 1,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0636.869.237
Incorporation
08/09/2015
Legal form
Private limited company
Registered office
Wolvertemsesteenweg 10
1850 Grimbergen · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/03/2026
Average workforce
1,7 ETP
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate71111Architectural activities71111Architectural activities46130Agents involved in the sale of timber and building materials46130Agents involved in the sale of timber and building materials+4
Joint committees (1)
  • 200
Signals
Solid equityLow riskGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2026202520242023202220212020201920182017
Income statement
Gross margin-31,6 k €457,7 k €658,4 k €262,1 k €136,7 k €125,3 k €601,9 k €1,0 M €1,1 M €145,9 k €
EBITDA-148,9 k €365,1 k €597,5 k €174,9 k €80,7 k €72,1 k €516,1 k €1,0 M €1,0 M €143,8 k €
Operating result-210,9 k €301,9 k €538,5 k €112,6 k €20,8 k €19,9 k €458,0 k €982,1 k €1,0 M €135,9 k €
Net result-215,2 k €243,5 k €448,1 k €77,4 k €7,7 k €7,8 k €331,8 k €838,0 k €815,7 k €89,1 k €
Balance sheet
Equity562,5 k €777,7 k €634,3 k €586,1 k €508,7 k €501,1 k €493,2 k €161,4 k €123,4 k €107,7 k €
Total assets805,6 k €1,3 M €1,4 M €1,1 M €1,1 M €1,6 M €1,9 M €1,3 M €1,1 M €434,2 k €
Cash531,2 k €626,7 k €648,2 k €266,6 k €433,8 k €340,2 k €890,1 k €770,1 k €593,7 k €377,2 k €
Debts240,4 k €512,6 k €748,1 k €511,7 k €592,8 k €1,1 M €1,4 M €1,1 M €1,0 M €326,5 k €
Other
Workforce1,7 ETP1,2 ETP0,8 ETP0,9 ETP0,7 ETP1,6 ETP1,8 ETP1,0 ETP1,0 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 31/03/2026 · 2 active · 8 ended

Active mandates

DE ROOS

Director · since 07 septembre 2015 · 0428.127.910

Represented by De MERLIER KOEN

Active
YAMAGUCHI

Director · since 07 septembre 2015 · 0632.943.113

Represented by Brankaer Kobe

Active

Ended mandates

DE ROOS

Director · since 08 septembre 2015 · 0428.127.910

Represented by Koen De Merlier

Ended
DE ROOS

Mandate · since 08 septembre 2015 · 0428.127.910

Represented by Koen De Merlier

Ended
DE ROOS

Administrator - manager · since 08 septembre 2015 · 0428.127.910

Represented by Koen De Merlier

Ended
YAMAGUCHI

Director · since 08 septembre 2015 · 0632.943.113

Represented by Kobe Brankaer

Ended
At this address

Other companies at this address

CompanyCBE no.
CONDOR REAL ESTATE● Active
0635.979.213
MANO CONSTRUCT● Active
0771.730.119
Annual accounts

Full financial information

202620252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202501/04/202401/04/202301/04/202201/04/202101/04/2020
Closing of the financial year31/03/202631/03/202531/03/202431/03/202331/03/202231/03/2021
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/09/202624/09/202523/09/202405/10/202306/10/202206/10/2021
General meeting08/09/202609/09/202510/09/202412/09/202313/09/202214/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202608/09/202614/09/2026DutchPDF
Abridged model31/03/202509/09/202524/09/2025DutchPDF
Abridged model31/03/202410/09/202423/09/2024DutchPDF
Abridged model31/03/202312/09/202305/10/2023DutchPDF
Abridged model31/03/202213/09/202206/10/2022DutchPDF
Abridged model31/03/202114/09/202106/10/2021DutchPDF
Abridged model31/03/202029/09/202026/10/2020DutchPDF
Abridged model31/03/201910/09/201902/10/2019DutchPDF
Abridged model31/03/201811/09/201808/11/2018DutchPDF
Abridged model31/03/201712/09/201714/09/2017DutchPDF
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 31/03/2026 · 2 active · 8 ended

Active mandates

DE ROOS

Director · since 07 septembre 2015 · 0428.127.910

Represented by De MERLIER KOEN

Active
YAMAGUCHI

Director · since 07 septembre 2015 · 0632.943.113

Represented by Brankaer Kobe

Active

Ended mandates

DE ROOS

Director · since 08 septembre 2015 · 0428.127.910

Represented by Koen De Merlier

Ended
DE ROOS

Mandate · since 08 septembre 2015 · 0428.127.910

Represented by Koen De Merlier

Ended
DE ROOS

Administrator - manager · since 08 septembre 2015 · 0428.127.910

Represented by Koen De Merlier

Ended
YAMAGUCHI

Director · since 08 septembre 2015 · 0632.943.113

Represented by Kobe Brankaer

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates22/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other10/09/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2026
    Annual accounts 2026-215,2 k €↓
  2. 2025
    Annual accounts 2025243,5 k €↓
  3. 2024
    Annual accounts 2024448,1 k €↑
  4. 2023
    Annual accounts 202377,4 k €↑
  5. 2022
    Annual accounts 20227,7 k €↓
  6. 2021
    Annual accounts 20217,8 k €↓
  7. 2020
    Annual accounts 2020331,8 k €↓
  8. 2019
    Annual accounts 2019838,0 k €↑
  9. 2018
    Annual accounts 2018815,7 k €↑
  10. 2017
    Annual accounts 201789,1 k €
  11. 08/09/2015
    IncorporationPrivate limited company