THOR
ActiveSummary
THOR has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,759 and a net result of €14,236. Its solvency ranks better than 48% of 2021 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
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Signals
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Turnover and EBIT margin not published: the micro schema does not require them.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €278,913 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,900 |
| Other operating charges640/8 | €20,060 |
| Gross operating margin9900 | €225,380 |
| Operating profit (loss)9901 | €13,007 |
| Financial income75/76B | €1,931 |
| Recurring financial income75 | €1,931 |
| Financial charges65/66B | €702 |
| Recurring financial charges65 | €702 |
| Profit (loss) for the period before taxes9903 | €14,236 |
| Profit (loss) for the period9904 | €14,236 |
| Profit (loss) for the period to be appropriated9905 | €14,236 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €114,311 | |
| Fixed assets21/28 | €5,911 | |
| Tangible fixed assets22/27 | €5,602 | |
| Land and buildings22 | €0 | |
| Furniture and vehicles24 | €1,301 | |
| Other tangible fixed assets26 | €4,301 | |
| Financial fixed assets28 | €309 | |
| Current assets29/58 | €108,400 | |
| Amounts receivable within one year40/41 | €36,782 | |
| Trade receivables40 | €22,181 | |
| Other amounts receivable41 | €14,601 | |
| Cash at bank and in hand54/58 | €60,133 | |
| Deferred charges and accrued income490/1 | €11,485 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €114,311 | |
| Equity10/15 | €52,759 | |
| Profit (loss) carried forward14 | €52,759 | |
| Provisions and deferred taxes16 | €0 | |
| Provisions for liabilities and charges160/5 | €0 | |
| Other liabilities and charges164/5 | €0 | |
| Amounts payable17/49 | €61,552 | |
| Amounts payable within one year42/48 | €61,552 | |
| Trade debts44 | €25,964 | |
| Suppliers440/4 | €25,964 | |
| Taxes, remuneration and social security45 | €35,588 | |
| Remuneration and social security454/9 | €35,588 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €14,236 |
| + Depreciation and write-downs630 | €5,900 |
| Operating cash flow (approximation) | €20,136 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21572B0047/00V000 | Brussels | 702 m² | 1 · 335 m² | 23.1 m · 4 fl. |
Linked by address, not proof of ownership
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
Ownership & control
1 board mandatePublic money · subsidies and aid
Wallonia-Brussels Federation
2023 to 2025 · 22 entries · 1,788,994 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 4 | 578,036 EUR |
| 2024 | 6 | 559,305 EUR |
| 2023 | 12 | 651,652 EUR |
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.