What does Condeco do?

Condeco is filed with the CBE under the catch-all “Overige gespecialiseerde bouwactiviteiten”. Also registered: construction company, electrical contractor, building contractor. Public Limited, started on 12 April 1972, 1 establishment.

What is the address of Condeco?

The registered office of Condeco is located at Heernisse(D) 11, 8600 Diksmuide.

Is Condeco still active?

Yes. According to the CBE (29 October 2026) Condeco is active, legal situation “Normale toestand”, started on 12 April 1972.

Is Condeco registered on Peppol?

Yes, Condeco is registered on the Peppol network with ID 0208:0412140033.

What is the enterprise number of Condeco?

The enterprise number of Condeco is BE0412140033.

When was Condeco founded?

Condeco was founded on 12 April 1972.

Who are the directors of Condeco?

According to the 2025 annual accounts, the directors of Condeco are: CONCRETE HOLDING NV, Dirk Van Tornhaut, Geert Van Tornhaut.

Is Condeco a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 12 April 1972; 6 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did Condeco make in 2025?

Condeco posted a profit after taxes of € 1,114,604 in financial year 2025.

What is the revenue of Condeco?

In its most recent annual accounts (2025), Condeco reported revenue of € 11,681,168.

How much does an employee at Condeco earn?

The average wage cost per full-time employee at Condeco was € 71,300 in 2025: staff costs of € 2.7 million for 38.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Condeco have?

According to the 2025 annual accounts, Condeco has 38.5 full-time equivalents (FTE).

Does Condeco have a website?

Yes, Condeco has a website at condeco.be.

Condeco (Public Limited) - Diksmuide - BE0412140033

Dossier Condeco, printed on 29 October 2026 from databakkes.be/en/0412140033/condeco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Condeco from Diksmuide, company number BE0412140033, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year Condeco recorded revenue of € 11.7 million and equity of € 4.2 million. Compared with financial year 2024, the result moved from € 1.7 million to € 1.1 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 3, 2026.

What it is worth Growing

€ 4.2 million

▲ 28% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 1.1 million

▼ 33% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.1 million

▲ 32% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 200,000 paid out

18 % of the profit went to the shareholders, mostly to CONCRETE HOLDING NV (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

38.5

▼ 1.7 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 1.8 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2.7 million

▼ 6% vs 2024

€ 71,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 264,957

▼ 40% vs 2024

Of which on lease € 68,690.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 431,027

▼ 33% vs 2024

€ 202,201 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 589,400

▲ 5% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 32 days on average.

Taxes and wages

€ 250,064

▼ 3% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	-	-	€ 12,302,621 Revenue 2024: € 12,302,621 First fiscal year in the series	€ 11,681,168 Revenue 2025: € 11,681,168 ▼ 5% vs 2024 (€ 12,302,621) Unfavourable step	▼ 5%
Gross margin	€ 4,835,010 Gross margin 2022: € 4,835,010 First fiscal year in the series	€ 5,352,004 Gross margin 2023: € 5,352,004 ▲ 11% vs 2022 (€ 4,835,010) Favourable step	-	-
Profit after taxes	€ 1,272,468 Profit after taxes 2022: € 1,272,468 First fiscal year in the series	€ 1,676,790 Profit after taxes 2023: € 1,676,790 ▲ 32% vs 2022 (€ 1,272,468) Favourable step	€ 1,673,757 Profit after taxes 2024: € 1,673,757 Unchanged (€ 1,676,790) Unfavourable step	€ 1,114,604 Profit after taxes 2025: € 1,114,604 ▼ 33% vs 2024 (€ 1,673,757) Unfavourable step	▼ 33%
Equity	€ 2,387,172 Equity 2022: € 2,387,172 First fiscal year in the series	€ 2,913,962 Equity 2023: € 2,913,962 ▲ 22% vs 2022 (€ 2,387,172) Favourable step	€ 3,262,719 Equity 2024: € 3,262,719 ▲ 12% vs 2023 (€ 2,913,962) Favourable step	€ 4,177,323 Equity 2025: € 4,177,323 ▲ 28% vs 2024 (€ 3,262,719) Favourable step	▲ 28%
Total debts	€ 3,450,974 Total debts 2022: € 3,450,974 First fiscal year in the series	€ 2,907,646 Total debts 2023: € 2,907,646 ▼ 16% vs 2022 (€ 3,450,974) Favourable step	€ 2,831,851 Total debts 2024: € 2,831,851 ▼ 3% vs 2023 (€ 2,907,646) Favourable step	€ 1,474,727 Total debts 2025: € 1,474,727 ▼ 48% vs 2024 (€ 2,831,851) Favourable step	▼ 48%
Cash	€ 1,230,420 Cash 2022: € 1,230,420 First fiscal year in the series	€ 540,213 Cash 2023: € 540,213 ▼ 56% vs 2022 (€ 1,230,420) Unfavourable step	€ 821,593 Cash 2024: € 821,593 ▲ 52% vs 2023 (€ 540,213) Favourable step	€ 1,084,122 Cash 2025: € 1,084,122 ▲ 32% vs 2024 (€ 821,593) Favourable step	▲ 32%
Retained profit	€ 1,887,172 Retained profit 2022: € 1,887,172 First fiscal year in the series	€ 2,413,962 Retained profit 2023: € 2,413,962 ▲ 28% vs 2022 (€ 1,887,172) Favourable step	€ 2,762,719 Retained profit 2024: € 2,762,719 ▲ 14% vs 2023 (€ 2,413,962) Favourable step	€ 3,677,323 Retained profit 2025: € 3,677,323 ▲ 33% vs 2024 (€ 2,762,719) Favourable step	▲ 33%
Dividend	€ 1,068,000 Dividend 2022: € 1,068,000 First fiscal year in the series	€ 1,150,000 Dividend 2023: € 1,150,000 ▲ 8% vs 2022 (€ 1,068,000) Unchanged	€ 1,325,000 Dividend 2024: € 1,325,000 ▲ 15% vs 2023 (€ 1,150,000) Unchanged	€ 200,000 Dividend 2025: € 200,000 ▼ 85% vs 2024 (€ 1,325,000) Unchanged	▼ 85%
Bank debt	€ 1,335,215 Bank debt 2022: € 1,335,215 First fiscal year in the series	€ 979,082 Bank debt 2023: € 979,082 ▼ 27% vs 2022 (€ 1,335,215) Favourable step	€ 643,291 Bank debt 2024: € 643,291 ▼ 34% vs 2023 (€ 979,082) Favourable step	€ 431,027 Bank debt 2025: € 431,027 ▼ 33% vs 2024 (€ 643,291) Favourable step	▼ 33%
Balance sheet total	€ 5,843,146 Balance sheet total 2022: € 5,843,146 First fiscal year in the series	€ 5,826,608 Balance sheet total 2023: € 5,826,608 Unchanged (€ 5,843,146) Unchanged	€ 6,099,570 Balance sheet total 2024: € 6,099,570 ▲ 5% vs 2023 (€ 5,826,608) Unchanged	€ 5,657,050 Balance sheet total 2025: € 5,657,050 ▼ 7% vs 2024 (€ 6,099,570) Unchanged	▼ 7%
Employees (FTE)	40.1 Employees (FTE) 2022: 40.1 First fiscal year in the series	39.3 Employees (FTE) 2023: 39.3 ▼ 0.8 vs 2022 (40.1) Unchanged	40.2 Employees (FTE) 2024: 40.2 ▲ 0.9 vs 2023 (39.3) Unchanged	38.5 Employees (FTE) 2025: 38.5 ▼ 1.7 vs 2024 (40.2) Unchanged	▼ 1.7

Key figures of Condeco, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to Condeco?

What happened at Condeco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 3, 2026 New annual accounts for financial year 2025: profit of € 1.1 million (▼ 33% vs 2024). Source: NBB ↗
Apr 12, 1972 Start of the company according to the CBE. KBO
Apr 1, 1972 New establishment in Diksmuide. KBO

In short

From € 1.3 million profit in 2022 to € 1.1 million profit in 2025.

Paid € 1.8 million in corporate taxes since 2022.

Best year ever: 2023, with € 1.7 million profit.

On average € 136,200 of value added per employee in 2023.

Original PDFs at the National Bank ↗

Management

CONCRETE HOLDING NV 100%

Condeco

Behind Condeco are CONCRETE HOLDING NV, Dirk Van Tornhaut and Geert Van Tornhaut. The shares are held by CONCRETE HOLDING NV (100%).

Directors

According to the 2025 annual accounts

CONCRETE HOLDING NV

Director · represented by Rita Van Tornhaut

Also active at: COBATIM

Dirk Van Tornhaut

Director

Geert Van Tornhaut

Director

Also active at: GVT

Shareholders

CONCRETE HOLDING NV

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Heernisse(D) 11

8600 Diksmuide

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS condeco.be

Canonical: https://condeco.be/nl

About

Technologies

DrupalFlickityNginxlazysizes

Hosting & Email

Email provider

Microsoft 365

Hosting

COMBELL-AS, BE

Domain

condeco.be

Registered

2005-02-25

Website info

HTTPS Ja

Indexable pages 146

Languages FR, NL

Features

Blog Jobs Contact page

Security

✓ HTTPS

✓ SPF

✓ DMARC

Network

✓ IPv6

Details

Company number

0412.140.033

VAT number

BE 0412.140.033

Registered office

Heernisse(D) 11, 8600 Diksmuide

Names & denominations

Condeco

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

12 April 1972

Peppol

Active · Active since 21 Oct 2026

Contact

condeco.be

Activities · NACE

Overige gespecialiseerde bouwactiviteiten, neg

Vervaardiging van artikelen van beton voor de bouw

Algemene bouw van residentiële gebouwen

Algemene elektrotechnische installatiewerken

Bouwen van individuele huizen

Overige gespecialiseerde werkzaamheden in de bouw

Elektrische installatie

Overige gespecialiseerde bouwwerkzaamheden

View on CBE Public ↗ Annual accounts (NBB) ↗

Condeco

Financials

What happened to Condeco?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Website

Technologies

Hosting & Email

Domain

Website info

Features

Security

Network

Details

Frequently asked questions