Financials
- Fiscal year
- 2025
- Total assets
- €782,942
- Profit
- €196,145
- Solvency
- 66.7%
Total assets▲ 4.1%
Net result
20192025
THOR COMPOSITES
ActiveSummary
THOR COMPOSITES has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €521,949 and a net result of €196,145. Equity is growing by ~52.4% per year across the filed fiscal years. Its solvency ranks better than 72% of 8741 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Agents specialised in the wholesale of other particular products
NACE 46180NACE 51180
#6 company by equity in Zwalm, Wholesale and retail trade sector1 site
Size
€782,942total assets 2025
- Equity
- €521,949
- Profit
- €196,145
Turnover not published (abridged schema)
Structure
- Holdings
- 1
Accounts 113 d early0 of 4 deeds read
Why 97- Liquidity: current ratio 1.44, cash €36,395, halved+ Size: total assets €782,942+ Founded in 2007+ Figures for FY 2025 (filed 07-01-2026)Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Better than 74% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
92+13
equity 66.7% of total assets
Liquidity
47-19
short-term debt 23.8% · cash 4.6%
Profitability
100=
return on assets 25.1%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 18 months
05-2025: < 0.1%lowest value
06-2025: < 0.1%● 0.0% vs 05-2025lowest value
07-2025: < 0.1%● 0.0% vs 06-2025lowest value
08-2025: < 0.1%● 0.0% vs 07-2025lowest value
09-2025: < 0.1%● 0.0% vs 08-2025lowest value
10-2025: < 0.1%● 0.0% vs 09-2025lowest value
11-2025: < 0.1%▲ +2.1% vs 10-2025
12-2025: < 0.1%▲ +2.1% vs 11-2025
01-2026: 0.1%▲ +2.0% vs 12-2025
02-2026: 0.1%▲ +58.0% vs 01-2026highest value
03-2026: 0.1%● 0.0% vs 02-2026highest value
04-2026: 0.1%● 0.0% vs 03-2026highest value
05-2026: 0.1%● 0.0% vs 04-2026highest value
06-2026: 0.1%● 0.0% vs 05-2026highest value
07-2026: 0.1%● 0.0% vs 06-2026highest value
08-2026: 0.1%● 0.0% vs 07-2026highest value
09-2026: 0.1%● 0.0% vs 08-2026highest value
10-2026: 0.1%● 0.0% vs 09-2026highest value
- Size: total assets €782,942 lowers the probability for this profile
- Founded in 2007 lowers the probability for this profile
- Figures for FY 2025 (filed 07-01-2026) lowers the probability
- Liquidity: current ratio 1.44, cash €36,395, halved raises the probability
Credit up to €50,000 at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.38 in 2024; short-term debt: 23.8% and cash: 4.6% of total assets), and 33.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 72%, liquidity 46%, profitability 95%, growth against the median 81%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-01-2026, 113 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
113 d early
2024
104 d early
2023
116 d early
2022
45 d early
2021
47 d early
2020
22 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 64 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 16 January (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close02-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Equity above €500,000Eq €521,949 ▲28.6%
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
- Positive: Company by equity in Zwalm, Wholesale and retail…in the Checked rankings #6 View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Caution: Result fell in 2025from €301,936 to €196,145 ▼ 35.0% View
- Positive: 6 profitable years in a rowprofit 2025: €196,145 6 years View
By topic
Network & group
- Holdings
- 1
1 holding
Timeline
- Events
- 16
- Since
- 2017
- Next accounts
- by 30-04-2027
- 07-01-2026Annual accounts filed
- 30-09-2025Equity above €500,000
- 16-01-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Agents specialised in the wholesale of other particular…NACE 46180
- Founded
- 27-09-2007
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
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