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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Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CONDOR SAFETY from Menen, company number BE0898060741, closed financial year 2025 with a result of € 40,190 after tax. For that financial year CONDOR SAFETY recorded a gross margin of € 1.1 million and equity of € 869,475. Compared with financial year 2024, the result moved from € 52,860 to € 40,190. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 22, 2025.
€ 869,475
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 40,190
▼ 24% vs 2024
Profit after tax over the fiscal year.
€ 223,586
▲ 216% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
11.1
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 874,626
▲ 4% vs 2024
€ 78,800 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.
€ 262,308
▲ 19% vs 2024
Of which on lease € 93,609.
Debts at end 2025
€ 861,858
▲ 7% vs 2024
€ 123,670 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1 million
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 259,529
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 973,569 | € 1,078,033 | € 1,083,814 | € 1,130,297 | ▲ 4% |
| Profit after taxes | € 54,256 | € 111,611 | € 52,860 | € 40,190 | ▼ 24% |
| Equity | € 714,814 | € 826,425 | € 879,285 | € 869,475 | ▼ 1% |
| Total debts | € 1,979,594 | € 2,075,294 | € 2,213,712 | € 2,334,044 | ▲ 5% |
| Cash | € 5,595 | € 93,612 | € 70,727 | € 223,586 | ▲ 216% |
| Retained profit | € 677,314 | € 788,925 | € 841,785 | € 831,975 | ▼ 1% |
| Dividend | € 0 | € 0 | € 0 | € 50,000 | |
| Bank debt | € 620,741 | € 762,111 | € 803,685 | € 861,858 | ▲ 7% |
| Balance sheet total | € 2,757,191 | € 2,964,503 | € 3,155,781 | € 3,266,303 | ▲ 4% |
| Employees (FTE) | 10.3 | 10.3 | 11.4 | 11.1 | ▼ 0.3 |
By gross margin, CONDOR SAFETY ranks 5th of 27 companies with main activity “Groothandel in werkkleding” in West Flanders that publish figures (fiscal year 2025).
Key figures of CONDOR SAFETY, 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 December 2026.
Ask about CONDOR SAFETY the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to CONDOR SAFETY?
What happened at CONDOR SAFETY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 40,190 (▼ 24% vs 2024). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Menen. KBO
In short
From € 54,256 profit in 2022 to € 40,190 profit in 2025.
Paid € 130,193 in corporate taxes since 2022.
Best year ever: 2023, with € 111,611 profit.
On average € 101,800 of value added per employee in 2025.
Management
Behind CONDOR SAFETY are Nibiru BV, Verplancke Wouter CommV, Valerie Neyrinck CommV and Verplancke Patsy CommV. Verplancke Wouter CommV is also behind WRS International. Valerie Neyrinck CommV is also behind WRS International. Verplancke Patsy CommV is also behind WRS International.
Directors
According to the 2025 annual accounts
Director · represented by Maria VERHALLEMAN
Director · represented by Wouter VERPLANCKE
Also active at: WRS International
Establishments
Establishment units
Physical locations of this company
Krommebeekstraat 44
8930 Menen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →WRS International same network
€ 38,875 gross margin · 2025
Verplancke Wouter same network
Verplancke Patsy same network
NIBIRU same network
€ 202,809 gross margin · 2025
GROEP CONDOR SAFETY
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- VERPLANCKE Wouter Albert(oprichter) 33.3%
- VERPLANCKE Patsy Irène(oprichter) 33.3%
- VAN DE GEUCHTE Karın Alice Andrea(oprichter) 33.3%
Details
- Company number
- 0898.060.741
- VAT number
- BE 0898.060.741
- Registered office
- Krommebeekstraat 44, 8930 Menen
- Names & denominations
- CONDOR SAFETY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 May 2008
- Peppol
- Active · Active since 12 Nov 2025
- Activities · NACE
Groothandel in werkkleding
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)