THOR IMMO
ActiveThe computed 12-month bankruptcy probability of THOR IMMO is 3.5% (moderate). The 2025 annual accounts show equity of €142k and a net result of €11k. Equity is growing by ~53.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 7330 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
86
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-63
Solvency100▲+14
Growth78=
Stability94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 21.98 against 1.63 in 2024), and 3.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.5%
Return on assets
7.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 3 filingsDeviation from the deadline
2025
17 d late
2024
27 d late
2023
30 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€142k▲ 8.1%
2024 · €132k
2023: €635
2024: €132k
2023 → 2025
Total assets
€148k▼ 45.0%
2024 · €268k
2023: €51k
2024: €268k
2023 → 2025
Net result
€11k▼ 91.9%
2024 · €131k
2023: €-3k
2024: €131k
2023 → 2025
Working capital
€108k▲ 25.4%
2024 · €86k
2023: €-44k
2024: €86k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€635-€132k▲ 20,653%€142k▲ 8.1%
Operating result€-2k-€172k€7k▼ 95.9%
Net result€-3k-€131k€11k▼ 91.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 96% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148k
Fixed assets
€35k▼ 24.5%
Current assets
€113k▼ 49.2%
Equity and liabilities €148k
Equity
€142k▲ 8.1%
Debt
€5k▼ 96.2%
The debt ratio falls from 50.9% to 3.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€24k▼
2024 · €186k
Cash flow
€28k▼
2024 · €145k
Solvency
96.5%▲
2024 · 49.1%
Current ratio
21.98▲
2024 · 1.63
Quick ratio
21.98▲
2024 · 1.63
Debt / equity
0.04▼
2024 · 1.04
ROE
7.5%▼
2024 · 99.5%
ROA
7.2%▼
2024 · 48.9%
Interest coverage
538.03▼
2024 · 4752.89
Debt
€5k▼
2024 · €136k
Debt ≤ 1 year
€5k▼
2024 · €136k
Income taxes
€3k▼
2024 · €43k
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€268k€148k▼
Fixed assets21/28€46k€35k▼
Tangible fixed assets22/27€46k€35k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€44k€33k▼
Current assets29/58€222k€113k▼
Amounts receivable within one year40/41€77k€68k▼
Trade receivables40€77k€62k▼
Other amounts receivable41-€6k
Cash at bank and in hand54/58€144k€44k▼
Deferred charges and accrued income490/1€1k€980▼
Equity and liabilities
Total equity and liabilities10/49€268k€148k▼
Equity10/15€132k€142k▲
Contributions10/11€4k€4k=
Profit (loss) carried forward14€128k€138k▲
Amounts payable17/49€136k€5k▼
Amounts payable within one year42/48€136k€5k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€81k€3k▼
Taxes450/3€81k€3k▼
Other amounts payable47/48€53k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€17k▲
Other operating charges640/8€627€599▼
Gross operating margin9900€186k€25k▼
Operating profit (loss)9901€172k€7k▼
Financial income75/76B€3k€7k▲
Recurring financial income75€3k€61▼
Non-recurring financial income76B€3k€7k▲
Financial charges65/66B€253€242▼
Recurring financial charges65€39€45▲
Non-recurring financial charges66B€213€197▼
Profit (loss) for the period before taxes9903€175k€14k▼
Income taxes67/77€43k€3k▼
Profit (loss) for the period9904€131k€11k▼
Profit (loss) for the period to be appropriated9905€131k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€128k€138k▲
Profit (loss) brought forward from the previous period14P€-3k€128k▲
The notes to these accounts (5 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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Liquidity times 13current ratio 21.98
Current ratio from 1.63 to 21.98; short-term debt falls from €136k to €5k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €131k
Net result €131k after one loss-making year.
31-12
Financial
Liquidity times 11current ratio 1.63
Current ratio from 0.14 to 1.63.
31-12
Financial
Equity above €100kEq €132k ▲20653%
Equity rises from €635 to €132k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 2023
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.
Molensteenstraat 5A/G1180 UkkelGround area
1,047 m²
Building footprint
356 m²
Volume, LiDAR
4,907 m³
Parcel 21616G0415/00V002, Brussels · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Thor immo
since 20232.342.395.887
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0415/00V002 | Brussels | 1,047 m² | 1 · 355 m² | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PERFECT CONSTRUCTION
BE 0635.617.442
La Louvière · Eq €143k
PROBUILDING
BE 0474.770.854
Temse · Eq €142k
TECH-NEO
BE 0540.728.478
Trooz · Eq €143k
EFC Group
BE 0786.530.537
Zaventem · Eq €142k
DELTABUILD
BE 0738.418.735
Hemiksem · Eq €142k
Of 29,551 companies in sector 41001 we hold annual accounts for 15,877. 12,607 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-02-2023
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
42220Construction of utility projects for electricity and telecommunications
42990Civil engineering
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.