Multifracção Gestão de Condomínios

What Multifracção Gestão de Condomínios does

Multifracção Gestão de Condomínios is a Portuguese private limited company (MULTIFRACÇÃO, Serviços e Gestão de Condomínios, Lda) founded in 1995 by Dr. Vitor Amaral and incorporated in 1999. The company provides full-service professional administration of residential condominiums under Portugal's horizontal property regime, managing more than 400 buildings across northern Portugal. It serves vertical segment clients (condominium owner assemblies) through a bundled suite of services including budget preparation, financial accounting and reporting, assembly convening and minute-taking, insurance procurement and claims handling, regulatory compliance, debt collection through legal counsel, and 24/7 emergency repair coordination. Service delivery is organized around a proximity management model with four physical offices in Ovar (headquarters), Santa Maria da Feira, Vila Nova de Gaia, and Oliveira de Azeméis, each assigning a dedicated client manager to every managed condominium.

The company's core technology is the GECOND digital platform (a third-party SaaS integrated via app ID 0c0ee299-50de-4c06-917f-85bac945887d), launched in 2020, which provides 24/7 online self-service access for residents to view account status, assembly minutes, IBAN details, fee schedules, and to register occurrences. The technology stack is otherwise conventional: a marketing website with a reserved owner area, social media presence (Facebook, YouTube, Instagram, LinkedIn), and payment integrations with Multibanco and Payshop added in 2020. No AI, machine learning, or advanced analytics capabilities are referenced.

The revenue model is a recurring subscription: monthly administration fees (honorários) calculated as 1% of the Portuguese national minimum wage per fraction per month, plus VAT, with a €65 + VAT minimum for buildings under 13 fractions and preferential pricing for 50+ fraction buildings. All routine services (assemblies, site visits, minor maintenance coordination) are bundled into the fee. Customer acquisition is driven almost entirely by word-of-mouth referrals from existing condominium owners, augmented by content marketing (blog, "Viver em Condomínio" newsletter), social media presence, and APEGAC trade association affiliation (Sócio nº 37). The company employs approximately 11 internal staff plus external service providers and operates with no external funding, no parent company, and no subsidiaries.

Name

Multifracção Gestão de Condomínios

Legal name

MULTIFRACÇÃO, Serviços e Gestão de Condomínios, Lda

Website

https://multifraccao.pt

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Multifracção Gestão de Condomínios is a Portuguese condominium management firm founded in 1995, administering 400+ residential buildings across northern Portugal through four regional offices, with a per-fraction recurring fee model and a 24/7 digital client portal.

Ownership category

akta.pro rank

Product category

Condominium Property Management Services

NAICS

Services to Buildings and Dwellings (5617)

SIC

Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Condominium Association Management (BPAJAHAA)

akta.pro secondary industry

HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Condominium administration
• Property management services
• Horizontal property compliance
• Condominium accounting
• Residential building management

Headquarters

HQ city

Ovar

HQ country

Portugal

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Condominium Administration Fees (Honorários): Monthly subscription-style fees charged per residential fraction (unit). Fees are calculated as 1% of the national minimum wage (SMN) per fraction per month, plus VAT. Minimum monthly fee of €65.00 + VAT applies for buildings with fewer than 13 fractions. Buildings with more than 50 fractions receive a more favorable rate. All administrative services are included in the fee — no extra charges for assembly meetings, site visits, or routine administrative tasks.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Multifracção provides full-service administration of residential condominiums in northern Portugal. Its offering covers budget preparation, accounting and financial reporting, insurance procurement and claims handling, convening of owner assemblies with on-site minute preparation, debt collection through in-house lawyers, regulatory compliance under Portugal's horizontal property framework, and a 24-hour emergency repair service. The service is bundled into a monthly subscription fee per residential fraction and supported by the GECOND digital client portal for 24/7 owner access.

Product overview

MultiFracção Gestão de Condomínios offers a comprehensive condominium management service organized around a core management platform supplemented by specialized modules. The primary offering is the professional administration of over 400 condominiums across four offices in northern Portugal, covering financial management (Orçamento do Condomínio), insurance handling (Seguros), regulations and accounting (Regulamento e Relatório de Contas), assembly minutes (Atas), and resident communication (Avisos e Boletins). The digital GECOND platform serves as the technology backbone, providing 24-hour online access for residents. A 24-hour emergency service module handles urgent repairs outside business hours. The company does not provide ancillary services like cleaning or gardening, instead maintaining partnerships with external service providers.

Differentiator

Problem solved

Functional benefit

Brands

• Gecond: Digital platform 'Gecond, o meu condomínio' providing 24/7 access to condominium information including account status, meeting minutes, and maintenance requests.

Products and services

• Plataforma Gecond (GECOND Digital Client Portal) Digital platform providing 24-hour online access for condominium residents and owners to view account status, consult assembly minutes and documents, report occurrences, view building IBAN details, view quota/fee schedules, and print duplicate notices and receipts. Built on Gecond infrastructure (app ID 0c0ee299-50de-4c06-917f-85bac945887d).
• Orçamento do Condomínio (Condominium Budget Service) Preparation of annual ordinary expense budgets based on building history with distributed cost centers, plus extraordinary budgets for maintenance works or major equipment repairs (elevators, intercoms, automation, pumping systems), presented to the condominium assembly for approval.
• Seguros (Condominium Insurance Service) Handling of mandatory and related insurance for condominiums and unit owners, sourcing best coverage at best prices, including mandatory building fire-risk insurance (Código Civil art. 1429º) and multirisk insurance advisory.
• Regulamento, Relatório de Contas e Atas (Regulations, Accounts Report, and Assembly Minutes) Drafting and management of condominium regulations, preparation of annual financial reports and accounts presented before owner assemblies, and assembly minutes prepared and printed on-site during meetings with on-the-spot reading, approval, and signature by attendees.
• Avisos e Boletins (Notices and Periodic Bulletin) Posting of general-interest notices in buildings (afixação) and periodic distribution of the free bulletin 'Viver em Condomínio' to all unit owners, covering horizontal property law updates and coexistence guidelines.
• Serviço Urgente 24 Horas (24-Hour Urgent Repair Service) 24-hour emergency service for reporting urgent common-area breakdowns or in-unit issues requiring after-hours repair, accessible every day including weekends and holidays via the dedicated mobile line 915 008 088.
• Full Condominium Administration (Gestão Integral de Condomínios) Comprehensive administrative management service for residential condominiums, bundled into a monthly subscription fee per fraction and covering all administrative, financial, insurance, assembly, compliance, debt collection, and owner-communication functions, with a dedicated professional client manager assigned to each condominium.

Quantifiable outcome

• Managing 400+ condominiums with 30 years of operational track record
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• APEGAC — Associação Portuguesa das Empresas de Gestão e Administração de CondomínioscoreOthersMultifracção is member Sócio nº 37 of APEGAC, Portugal's only business association for condominium management and administration companies. APEGAC is recognized by public institutions including IMPIC (Instituto dos Mercados Públicos do Imobiliário e da Construção). Membership supports the company's mission to professionalize and elevate the condominium management industry.
• Gecond (GECOND — o meu condomínio)coreTechnology or IntegrationMultifracção integrates with the Gecond digital platform to provide its condominium clients with 24-hour online access to account statements, meeting minutes, IBAN details, fee schedules, receipt printing, and occurrence reporting. Gecond provides the app infrastructure (app ID: 0c0ee299-50de-4c06-917f-85bac945887d) that powers Multifracção's client portal.
• Service Provider Network (electricians, plumbers, metalworkers, builders, banks, elevator companies, cleaning, gardening)minorStrategic or Co-development PartnerMultifracção maintains protocols/partnerships with multiple service companies in electricity, plumbing, metalwork, construction, banking, elevator maintenance, cleaning, and gardening. These partnerships enable the company to obtain competitive pricing for condominium services. However, the company does not perform these services in-house; itoutsources to the best-priced provider, and the assembly of owners always makes the final selection. All service companies compete on equal terms.

Scale indicators3 records

Recent moves9 records

Expansion highlights3 records

Broad incumbents

• AppFolio Property Manager: AppFolio is a larger US property management SaaS platform serving residential, commercial, and community association managers. Relevant as the broad incumbent vision of where a tech-enabled condominium manager could evolve.
• Cushman & Wakefield (Property Management): Cushman & Wakefield is a global commercial real estate services firm with a property management practice. Not a direct residential condominium competitor, but a relevant broad incumbent illustrating the scale and breadth that a property management platform could achieve.

Emerging players

• Buildium: Buildium is a US-based SaaS platform for HOA, condominium, and residential property managers, providing accounting, communication, and maintenance tools. It represents the tech-enabled incumbent alternative to traditional services-based condominium managers like Multifracção.

Others

• APEGAC (industry association): APEGAC is the Portuguese industry association for condominium management companies, of which Multifracção is member nº 37. It is an ecosystem/thematic peer — useful for understanding industry structure, competitors, and professionalization trends.

Direct peers

• Adconta - Gestão de Condomínios: Adconta is a Portuguese condominium administration company providing accounting, assembly, and maintenance services to residential buildings, operating in a similar SMB condominium segment to Multifracção.
• Foconsult: Foconsult is a Portuguese property and condominium management and consulting firm offering administration, fiscal, and legal services to residential buildings — comparable in target market and full-service condominium administration model.
• Coperama: Coperama is a Portuguese condominium management company providing administration, accounting, assembly coordination, and maintenance services to residential buildings — directly comparable in service mix, target customer (condominium owners), and operating geography to Multifracção.
• Mundicond: Mundicond is a Portuguese condominium administration firm offering full-service management including budgets, assemblies, insurance, and regulatory compliance. Comparable to Multifracção in core offering and Portuguese SMB condominium market focus.
• LDC Condomínios: LDC is a Portuguese condominium management firm providing administration, financial reporting, and assembly management services to residential buildings — directly overlapping with Multifracção's service portfolio.
• Gecond (GECOND platform): Gecond is the software platform that Multifracção integrates with and white-labels (app ID 0c0ee299-50de-4c06-917f-85bac945887d). It serves multiple Portuguese condominium managers as a SaaS portal, making it both a partner and an adjacent peer in the same value chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCSGV8ZuHSB9Dn_qkVlirzdQ/?guided_help_flow=5
• Facebookfacebook.com/multifracao
• LinkedInlinkedin.com/company/multifrac%C3%A7%C3%A3o
• Instagraminstagram.com/multifraccao.condominios

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Multifracção Gestão de Condomínios