THOR - CONTROL
ActiveSummary
THOR - CONTROL has been active since 1981 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €868,559 and a net result of €214,128. Equity has been growing by about 45% per year since 2018. Its solvency ranks better than 75% of 2,559 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-02-1981 Normal situation
- Activity
- Other technical testing and analysis NACE 71209and 2 others
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 100 Aanvullend Paritair Comité voor de werklieden · annual accounts 2025
- Establishment unit
- 2.018.609.590 8820 Torhout, since 24-03-1981
- Financial year end
- 31 December
- Peppol
- Reachable since 24-10-2025
Board and ownership
- D'AUSSYDirector · permanent representative Stephan d'Aussy
- d’Aussy StephanDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €1.1m
- ▲ 17.6%
- Turnover
- ≈ €1.9m
- estimated
- Profit
- €214,128
- ▲ 17.8%
- Equity
- €868,559
- ▲ 32.7%
- Total assets
- €1.3m
- ▲ 35.4%
- Employees on 31-12-2025
- 13
- ▲ 30.0%
- 2025 accounts filed 3 days after the deadline
Score breakdownlowers riskLiquidity: current ratio 3.75, cash €390,514Founded in 1981Equity €868,559 (69.3% of total assets)Profit of €214,128 (financial year 2025)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 68% of them on solvency, 69% on liquidity, 64% on profitability and 75% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 3 days after the deadline Filed on 3 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00380973.
Annual accounts 2025 filed on 03-08-2026 at the NBB all 44 filings
Every figure per financial year
The operating result for 2025 is 18% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 7 | 10 | 13 |
| full-time | 6 | 6 | 8 | 10 |
| part-time | 1 | 1 | 2 | 3 |
| in full-time equivalents | 6.8 | 6.8 | 9.4 | 12.1 |
| Average over the year, in full-time equivalents | 6.9 | 6.8 | 9 | 9.8 |
| On a permanent contract | 7 | 7 | 10 | 13 |
| Joined | 2 | - | 2 | 5 |
| Left | 2 | - | 1 | 2 |
| Training hours | 30 | - | 144 | 110 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €47,100 | - | - | €11,658 | €118,498 |
| Intangible fixed assets | - | - | €2,500 | - | - |
| Depreciation and write-downs of the year | €14,291 | €17,752 | €13,397 | €12,031 | €23,505 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €10,127 awarded · €10,322 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €867 | €948 |
| 2024 | 1 | €6,868 | €6,787 |
| 2023 | 1 | €860 | €1,055 |
| 2022 | 1 | €1,532 | €1,532 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.5m | €0.5m | €0.6m | €0.6m | €0.8m | ▲ 17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.005m | €0.007m | €0.008m | €0.01m | €0.02m | €0.01m | €0.01m | €0.02m | ▲ 95.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | - | €0.009m | €0.001m | ▼ 86.2% |
| Other operating charges640/8 | - | - | - | €0.002m | €0.002m | €0.001m | €0.002m | €0.002m | ▼ 23.2% |
| Gross operating margin9900 | €0.1m | €0.2m | €0.4m | €0.6m | €0.7m | €0.8m | €0.9m | €1.1m | ▲ 17.6% |
| Operating profit (loss)9901 | -€0.007m | €0.01m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 18.4% |
| Financial income75/76B | - | - | - | - | €15 | €0.001m | €0.002m | €6 | ▼ 99.7% |
| Recurring financial income75 | €36 | €453 | €0 | - | €15 | €0.001m | €53 | €6 | ▼ 87.9% |
| Non-recurring financial income76B | - | - | - | - | - | - | €0.002m | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €0.005m | €0.004m | €0.004m | €0.001m | €0.003m | ▲ 386% |
| Recurring financial charges65 | €0.003m | €0.004m | €0.004m | €0.005m | €0.004m | €0.004m | €0.001m | €0.003m | ▲ 386% |
| Profit (loss) for the period before taxes9903 | -€0.01m | €0.008m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 16.7% |
| Income taxes67/77 | €6 | €0.002m | €0.04m | €0.03m | €0.05m | €0.05m | €0.07m | €0.08m | ▲ 13.5% |
| Profit (loss) for the period9904 | -€0.01m | €0.006m | €0.09m | €0.08m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 17.8% |
| Profit (loss) for the period to be appropriated9905 | -€0.01m | €0.006m | €0.09m | €0.08m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 17.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.2m | €0.2m | €0.3m | €0.5m | €0.7m | €0.7m | €0.9m | €1.3m | ▲ 35.4% |
| Fixed assets21/28 | €0.03m | €0.03m | €0.03m | €0.06m | €0.04m | €0.03m | €0.03m | €0.1m | ▲ 342% |
| Intangible fixed assets21 | €0.008m | €0.006m | €0.004m | €0.002m | €0 | €0.002m | €0.002m | €0.001m | ▼ 27.3% |
| Tangible fixed assets22/27 | €0.02m | €0.02m | €0.02m | €0.06m | €0.04m | €0.03m | €0.03m | €0.1m | ▲ 368% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.04m | €0.03m | €0.03m | €0.1m | ▲ 368% |
| Financial fixed assets28 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0 | - | - |
| Current assets29/58 | €0.1m | €0.2m | €0.3m | €0.5m | €0.7m | €0.7m | €0.9m | €1.1m | ▲ 25.9% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.3m | €0.5m | €0.6m | €0.6m | €0.6m | €0.7m | ▲ 13.5% |
| Trade receivables40 | - | - | - | €0.4m | €0.6m | €0.6m | €0.6m | €0.7m | ▲ 13.5% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.001m | €0 | - | €173 | - |
| Cash at bank and in hand54/58 | €0.02m | €0.06m | €0.007m | €0.02m | €0.08m | €0.03m | €0.3m | €0.4m | ▲ 55.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.01m | €0.002m | €0 | €0.007m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.2m | €0.2m | €0.3m | €0.5m | €0.7m | €0.7m | €0.9m | €1.3m | ▲ 35.4% |
| Equity10/15 | €0.02m | €0.02m | €0.1m | €0.2m | €0.3m | €0.5m | €0.7m | €0.9m | ▲ 32.7% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | -€0.002m | €0.003m | €0.1m | €0.2m | €0.3m | €0.5m | €0.6m | €0.8m | ▲ 33.8% |
| Amounts payable17/49 | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | €0.2m | €0.3m | €0.4m | ▲ 41.8% |
| Amounts payable after more than one year17 | €0.01m | €0.008m | €0.005m | €0.03m | €0.02m | €0.01m | €0.002m | €0.08m | ▲ 34× |
| Financial debts170/4 | - | - | - | €0.03m | €0.02m | €0.01m | €0.002m | €0.08m | ▲ 34× |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | €0.3m | €0.3m | ▲ 11.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.009m | €0.008m | €0.008m | €0.02m | ▲ 200% |
| Financial debts43 | - | - | - | €0.05m | €0.04m | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | €0.05m | €0.04m | €0 | - | - | - |
| Trade debts44 | €0.05m | €0.01m | €0.02m | €0.01m | €0.05m | €0.06m | €0.1m | €0.08m | ▼ 22.5% |
| Suppliers440/4 | - | - | - | €0.01m | €0.05m | €0.06m | €0.1m | €0.08m | ▼ 22.5% |
| Advances received on contracts in progress46 | - | - | - | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 29.0% |
| Taxes450/3 | - | - | - | €0.06m | €0.08m | €0.07m | €0.06m | €0.08m | ▲ 29.5% |
| Remuneration and social security454/9 | - | - | - | €0.06m | €0.06m | €0.08m | €0.09m | €0.1m | ▲ 28.6% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.1m | €0 | €0.003m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.02m | €0.003m | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,947 | €5,795 | €92,543 | €83,836 | €145,315 | €126,224 | €181,727 | €214,128 | ▲ 17.8% |
| + Depreciation and write-downs630 | €5,288 | €7,289 | €8,146 | €14,291 | €17,752 | €13,397 | €12,031 | €23,505 | ▲ 95.4% |
| Operating cash flow (approximation) | -€4,659 | €13,084 | €100,689 | €98,126 | €163,067 | €139,621 | €193,758 | €237,634 | ▲ 22.6% |
| Investment in fixed assets (approximation) | - | -€2,262 | -€7,030 | -€47,100 | €0 | -€2,500 | -€9,002 | -€118,498 | ▼ 1,216% |
| Change in cash | - | €40,065 | -€50,518 | €12,703 | €55,775 | -€46,009 | €222,039 | €138,851 | ▼ 37.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as THOR - CONTROL has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of THOR - CONTROL itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for THOR - CONTROL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 44 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-08-2026 | 2026-00380973 | |
| 31-12-2024 | abbreviated format | 12-06-2025 | 2025-00151072 | |
| 31-12-2023 | abbreviated format | 15-07-2024 | 2024-00258415 | |
| 31-12-2022 | abbreviated format | 23-08-2023 | 2023-00363417 | |
| 31-12-2021 | abbreviated format | 17-08-2022 | 2022-20295814 | |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-45100268 | |
| 31-12-2019 | abbreviated format | 07-07-2020 | 2020-27400219 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-56300307 | |
| 31-12-2017 | abbreviated format | 18-06-2018 | 2018-19800152 | |
| 31-12-2016 | abbreviated format | 19-06-2017 | 2017-19000558 |
Board & ownership
Directors
Board 2
Permanent representatives 1
Owners and capital
Capital transactions
- 02-02-2023 Converted to unavailable equity · €21,304
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| d’Aussy Stephan |
|
| D'AUSSY |
|
Network & group
Companies at the same address
1 other companyConnections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
07-07
Gazette deed
1 director appointed, 1 director resigningResignation: Stephan d'Aussy (director) · Appointment: NV D'AUSSY (director) · Permanent representative: Stephan d'Aussy5 points ▸
- General meeting, 04-06-2025
- Director resignation, Stephan d'Aussy (director)
- Director appointment, NV D'AUSSY (director)
- Permanent representative, Stephan d'Aussy
- Other provision, “enige aandeelhouder, alle daden die als daden van bestuur kunnen worden gekwalificeerd” (deed in Dutch)
02-02
Gazette deed
Resignation: d’Aussy Stephan (manager)Reappointment: d’Aussy Stephan (director) · Purpose change · Amendment of the articles12 points ▸
- General meeting, “8820 Torhout,Ambachtstraat 27, Thor-Control” (deed in Dutch)
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffen statutair onbeschikbare eigen vermogensrekening en middelen beschikbaar maken voor uitkering” (deed in Dutch)
- Capital
- Director resignation, d’Aussy Stephan (manager)
- Director reappointment, d’Aussy Stephan (director (not named in the articles))
- Director discharge, d’Aussy Stephan (ontslagnemende zaakvoerder)
- Registered office clause, “8820 Torhout, Ambachtstraat 27” (deed in Dutch)
- Power of attorney
- Power of attorney, Debbie Hebbelinck
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31522B0333/00R000 | Flanders | 7,756 m² | 1 · 2,429 m² | 25.1 m · 2 |