Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
CONDECO from Merchtem, company number BE0462358616, closed financial year 2025 with a result of € -2,002 after tax. For that financial year CONDECO recorded a gross margin of € 19,907 and equity of € 40,586. Compared with financial year 2024, the result moved from € -5,539 to € -2,002. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 40,586
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,002
▲ 64 % less loss than in 2024
Profit after tax over the fiscal year.
€ 18,948
▲ € 17,039 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -43,698.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,125
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 14,928 | € 10,438 | € 18,721 | € 19,907 | ▲ 6% |
| Profit after taxes | € -3,149 | € -16,818 | € -5,539 | € -2,002 | ▲ € 3,537 |
| Equity | € 64,946 | € 48,128 | € 42,588 | € 40,586 | ▼ 5% |
| Total debts | € 115,619 | € 113,787 | € 97,400 | € 95,225 | ▼ 2% |
| Cash | € 2,133 | € 3,663 | € 1,909 | € 18,948 | ▲ € 17,039 |
| Land & buildings | € 99,961 | € 90,530 | € 81,098 | € 71,632 | ▼ 12% |
| Retained profit | € -19,338 | € -36,156 | € -41,695 | € -43,698 | ▼ € 2,002 |
| Bank debt | € 2,914 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 180,566 | € 161,914 | € 139,989 | € 135,811 | ▼ 3% |
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:
- New annual accounts for financial year 2025: loss of € 2,002. filed late Source: NBB ↗
- Ludovicus Van den Broeck stepped down as director. NBB
- New establishment in Merchtem. KBO
- Start of the company according to the CBE. KBO
- Ludovicus Van den Broeck became a director. NBB
In short
From € 3,149 loss in 2022 to € 2,002 loss in 2025.
Management
Behind CONDECO is Natascha Van Glabbeek. Natascha Van Glabbeek is also behind MEGALO.
Establishments
Establishment units
Physical locations of this company
Stationsstraat 106 box A
1785 Merchtem
Stationsstraat 122
1785 Merchtem
Active since 11 March 1998
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0462.358.616
- VAT number
- BE 0462.358.616
- Registered office
- Stationsstraat 106 bus A, 1785 Merchtem
- Names & denominations
- CONDECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 1998
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2