MENTHOR
ActiveMENTHOR has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167k and a net result of €-3k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 38% of 1290 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-77
Solvency66▼-29
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.5 against 1.95 in 2024), and 65.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
27 d late
2023
24 d late
2022
5 d early
2021
4 d early
2020
1 d early
2019
91 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€167k▼ 1.6%
2024 · €170k
2018: €85k
2019: €49k
2020: €75k
2021: €76k
2022: €128k
2023: €144k
2024: €170k
2018 → 2025
Total assets
€481k▲ 45.9%
2024 · €329k
2018: €353k
2019: €244k
2020: €273k
2021: €252k
2022: €334k
2023: €331k
2024: €329k
2018 → 2025
Net result
€-3k
2024 · €26k
2018: €4k
2019: €-36k
2020: €26k
2021: €1k
2022: €52k
2023: €16k
2024: €26k
2018 → 2025
Working capital
€156k▲ 4.3%
2024 · €149k
2018: €61k
2019: €23k
2020: €49k
2021: €54k
2022: €89k
2023: €118k
2024: €149k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€76k-€128k▲ 67.7%€144k▲ 12.5%€170k▲ 18.3%€167k▼ 1.6%
Operating result€4k-€76k▲ 1,997%€28k▼ 63.6%€42k▲ 50.4%€2k▼ 94.5%
Net result€1k-€52k▲ 3,490%€16k▼ 68.9%€26k▲ 63.8%€-3k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €481k
Fixed assets
€12k▼ 47.8%
Current assets
€469k▲ 52.8%
Equity and liabilities €481k
Equity
€167k▼ 1.6%
Debt
€313k▲ 96.5%
The debt ratio rises from 48.4% to 65.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€17k▼
2024 · €56k
Cash flow
€12k▼
2024 · €41k
Solvency
34.8%▼
2024 · 51.6%
Current ratio
1.50▼
2024 · 1.95
Quick ratio
1.50▼
2024 · 1.95
Debt / equity
1.87▲
2024 · 0.94
ROE
-1.6%▼
2024 · 15.4%
ROA
-0.6%▼
2024 · 8.0%
Interest coverage
4.22▼
2024 · 31.88
Debt
€313k▲
2024 · €159k
Debt ≤ 1 year
€313k▲
2024 · €158k
Income taxes
€1k▼
2024 · €14k
Staff costs
€360k▼
2024 · €376k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€329k€481k▲
Fixed assets21/28€23k€12k▼
Intangible fixed assets21€6k€0▼
Tangible fixed assets22/27€15k€10k▼
Land and buildings22€5k€3k▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€4k€5k▲
Leasing and similar rights25€6k€2k▼
Financial fixed assets28€2k€2k=
Current assets29/58€307k€469k▲
Amounts receivable within one year40/41€223k€463k▲
Trade receivables40€140k€195k▲
Other amounts receivable41€83k€268k▲
Cash at bank and in hand54/58€78k€2k▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€329k€481k▲
Equity10/15€170k€167k▼
Contributions10/11€45k€45k=
Reserves13€125k€125k=
Distributable reserves133€125k€125k=
Profit (loss) carried forward14€242€-2k▼
Amounts payable17/49€159k€313k▲
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€158k€313k▲
Current portion of amounts payable after more than one year42€4k€1k▼
Financial debts43€15k€113k▲
Credit institutions430/8€15k€113k▲
Trade debts44€69k€141k▲
Suppliers440/4€69k€141k▲
Taxes, remuneration and social security45€68k€57k▼
Taxes450/3€6k€8k▲
Remuneration and social security454/9€62k€49k▼
Other amounts payable47/48€1k€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€376k€360k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€14k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€433k€377k▼
Operating profit (loss)9901€42k€2k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€40k€-2k▼
Income taxes67/77€14k€1k▼
Profit (loss) for the period9904€26k€-3k▼
Profit (loss) for the period to be appropriated9905€26k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€-2k▼
Profit (loss) brought forward from the previous period14P€191€242▲
Transfer to equity691/2€26k-
To other reserves6921€26k-
Social balance
Average headcount (FTE)90875.0-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Equity above €150kEq €170k ▲18.3%
5 profitable years in a row build equity to €170k.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 24 days late
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €52k ▲3490%
Operating result €76k, net result €52k, both a record.
31-12
Financial
Equity above €100kEq €128k ▲67.7%
3 profitable years in a row build equity to €128k.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-36k ▼947%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Thor Park 83003600 GenkGround area
3,944 m²
Building footprint
2,056 m²
Volume, LiDAR
7,142 m³
2 parcels, Flanders · tallest building 41.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Aldenhovenweide 13, 3511 Hasselt
since 20142.226.168.509
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71303B1298/00M004 | Flanders | 2,963 m² | 1 · 1,879 m² | 41.0 m · 1 fl. |
| 71483D0131/00D005 | Flanders | 981 m² | 1 · 177 m² | 9.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 48,565 EUR awarded · 47,921 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 644 EUR | 0 EUR |
| 2024 | 2 | -3,152 EUR | 21,848 EUR |
| 2023 | 1 | 326 EUR | 1,073 EUR |
| 2022 | 2 | 50,747 EUR | 25,000 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,705 companies in sector 33120 we hold annual accounts for 1,334. 1,124 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2013
Fiscal year end31-12
Activities, NACEBEL
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:geert.nies@thor-maintenance.com
Phone:0476/435190