ACTIVE

CONDOR BIDCO

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Financial year 2025 · Closed on 31/12/2025

Net result-6,3 M €-28,7 %over 1 year
Revenue678,7 k €-71,6 %over 1 year
Equity124,9 M €-4,8 %over 1 year
Workforce1,7 ETP+41,7 %over 1 year

Identity

Source · BCE/KBO

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
Joint committees (1)
  • CP 200
Signals
Solid equity

Financials

Source · NBB, 5 filings

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

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 3 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Elaia Partners S. Etr.0746.556.243Represented by Xavier Sébastien Lazarus
Directorsince 13/07/2021
HoldingPad S. Etr.0849.873.319Represented by Pierre-Antoine Dusoulier
Administrator - managersince 13/07/2021
Mogens ELSBERG
Directorsince 13/07/2021
Jeremy NAKACHE
Directorsince 01/07/2021

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Elaia Partners S. Etr.Represented by Xavier Sébastien Lazarus
Director13/07/2021 → 2021 accounts
HoldingPad S. Etr.Represented by Pierre-Antoine Dusoulier
Administrator - manager13/07/2021 → 2021 accounts
Douglas SWIFT
Director01/07/2021 → 2024 accounts

Other companies at this address

Avenue Louise 489 1050 Bruxelles
CompanyCBE no.
ADJ Civil Company● Active
0727.455.656
Adjumaca Civil Company● Active
0725.554.951
Aleisa Civil Company● Active
0725.527.138
ALTIUS CAPITAL INVESTMENT THREE● Active
0556.885.710
Ambassade de la République du Costa Rica● Active
0662.969.165
Arpège Groupe● Active
0761.827.013
Ashurst Perkins Coie Europe● Active
0770.935.412
ASM BELGIUM● Active
0474.630.007
ASSOCIATION INTERNATIONALE DE L'INDUSTRIE DU TUNGSTENE - INTERNATIONAL TUNGSTEN INDUSTRY ASSOCIATION● Active
0441.894.683
BOSS SERVICES● Active
0457.104.085
Brominated Compounds Consortium Trustee● Active
0830.189.148
Checkout Belgium● Active
0775.692.271
Circle Advertising Civil Company● Active
0725.758.552
COMPAGNIE 14● Active
0463.784.318
Condor 1● Active
0770.906.213
Condor 2● Active
0770.919.574
Condor 3● Active
0770.920.762
Condor 4● Active
0794.356.853
CONDOR FINCO● Active
0770.665.691
CONDOR HOLDCO● Active
0770.576.710

Full financial information

Source · NBB
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings
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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 3 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Elaia Partners S. Etr.0746.556.243Represented by Xavier Sébastien Lazarus
Directorsince 13/07/2021
HoldingPad S. Etr.0849.873.319Represented by Pierre-Antoine Dusoulier
Administrator - managersince 13/07/2021
Mogens ELSBERG
Directorsince 13/07/2021
Jeremy NAKACHE
Directorsince 01/07/2021

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Elaia Partners S. Etr.Represented by Xavier Sébastien Lazarus
Director13/07/2021 → 2021 accounts
HoldingPad S. Etr.Represented by Pierre-Antoine Dusoulier
Administrator - manager13/07/2021 → 2021 accounts
Douglas SWIFT
Director01/07/2021 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • 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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings5 filings
Mandates
Elaia Partners S. Etr.
HoldingPad S. Etr.
Mogens ELSBERG
Jeremy NAKACHE
Elaia Partners S. Etr.
HoldingPad S. Etr.
Douglas SWIFT
202120222023202420252026
CONDOR BIDCO
Avenue Louise 489, 1050 IxellesAvenue Louise 350, 1050 Ixelles
Director
Administrator - manager
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Avenue Louise 489, 1050 IxellesCurrent
accounts 2025
Accounts 2025 · 2026-00159254
Avenue Louise 350, 1050 Ixelles
accounts 2021 → 2024
Accounts 2024 · 2025-00149157

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
CONDOR BIDCOCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00159254

Events

  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