ACTIVE

CONDOR BIDCO

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Financial year 2025 · closed on 31/12/2025
Net result
-6,3 M €
-28.7% YoY
Revenue
678,7 k €
-71.6% YoY
Equity
124,9 M €
-4.8% YoY
Workforce
1,7 ETP
+41.7% YoY

What does CONDOR BIDCO do?

CONDOR BIDCO is a Private limited company incorporated in 2021. Its main activity is: Activities of holding companies. Its registered office is in Bruxelles. It employs on average 1,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0770.665.493
Incorporation
02/07/2021
Legal form
Private limited company
Registered office
Avenue Louise 489
1050 Bruxelles · BruxellesSee on map
Contributed capital
155 424 725,25 €
Latest accounts
31/12/2025
Average workforce
1,7 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies70200Management consultancy activities70220Business and other management consultancy activities68100Buying and selling of own real estate68110Buying and selling of own real estate+2
Joint committees (1)
  • CP 200
Signals
Solid equityLow risk
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Revenue678,7 k €2,4 M €2,3 M €2 M €–
EBITDA-587,9 k €395,6 k €225,8 k €-116,8 k €-10,2 M €
Operating result-991,8 k €-8,3 k €-129,8 k €-230,6 k €-10,2 M €
Net result-6,3 M €-4,9 M €-4,3 M €-3,5 M €-11,5 M €
Balance sheet
Equity124,9 M €131,2 M €136,1 M €140,4 M €125,3 M €
Total assets178,2 M €170,2 M €170,1 M €171,6 M €152,1 M €
Cash125,2 k €73,7 k €268,7 k €1 M €1,7 M €
Debts53,3 M €38,9 M €33,8 M €31,2 M €26,8 M €
Other
Workforce1,7 ETP1,2 ETP2,5 ETP1,7 ETP1,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 3 ended

Active mandates

Elaia Partners S. Etr.

Director · since 13 juillet 2021 · 0746.556.243

Represented by Xavier Sébastien Lazarus

Active
HoldingPad S. Etr.

Administrator - manager · since 13 juillet 2021 · 0849.873.319

Represented by Pierre-Antoine Dusoulier

Active
Mogens ELSBERG

Director · since 13 juillet 2021

Active
Jeremy NAKACHE

Director · since 01 juillet 2021

Active

Ended mandates

Elaia Partners S. Etr.

Director · since 13 juillet 2021

Represented by Xavier Sébastien Lazarus

Ended
HoldingPad S. Etr.

Administrator - manager · since 13 juillet 2021

Represented by Pierre-Antoine Dusoulier

Ended
Douglas SWIFT

Director · since 01 juillet 2021

Ended
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CONDOR FINCO● Active
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Annual accounts

Full financial information

20252024202320222021
Type of accountFull modelFull modelFull modelFull modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months12 months
Filing date11/06/202616/06/202524/06/202428/08/202328/08/2023
General meeting03/06/202604/06/202505/06/202430/06/202329/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202503/06/202611/06/2026FrenchPDF
Full model31/12/202404/06/202516/06/2025FrenchPDF
Full model31/12/202305/06/202424/06/2024FrenchPDF
Full model31/12/202230/06/202328/08/2023FrenchPDF
Abridged model31/12/202129/06/202228/08/2023FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/12/2025 · 4 active · 3 ended

Active mandates

Elaia Partners S. Etr.

Director · since 13 juillet 2021 · 0746.556.243

Represented by Xavier Sébastien Lazarus

Active
HoldingPad S. Etr.

Administrator - manager · since 13 juillet 2021 · 0849.873.319

Represented by Pierre-Antoine Dusoulier

Active
Mogens ELSBERG

Director · since 13 juillet 2021

Active
Jeremy NAKACHE

Director · since 01 juillet 2021

Active

Ended mandates

Elaia Partners S. Etr.

Director · since 13 juillet 2021

Represented by Xavier Sébastien Lazarus

Ended
HoldingPad S. Etr.

Administrator - manager · since 13 juillet 2021

Represented by Pierre-Antoine Dusoulier

Ended
Douglas SWIFT

Director · since 01 juillet 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/09/2026
    Démission et nominations d'administrateurs et de délégués à la gestion
    PDF
  • Registered office04/12/2025
    SIEGE SOCIAL
    PDF
  • Mandates16/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other22/12/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Capital / shares14/06/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates06/09/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/08/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    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. 2025
    Annual accounts 2025-6,3 M €↓
  2. 2024
    Annual accounts 2024-4,9 M €↓
  3. 05/06/2024
    reconductionMAZARS BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES SRL — commissaire
  4. 2023
    Annual accounts 2023-4,3 M €↓
  5. 2022
    Annual accounts 2022-3,5 M €↑
  6. 07/06/2022
    augmentation_capital
  7. 2021
    Annual accounts 2021-11,5 M €
  8. 02/07/2021
    IncorporationPrivate limited company