Thor Shelter
ActiveThe computed 12-month bankruptcy probability of Thor Shelter is 1.6% (moderate). The 2025 annual accounts show equity of €159k and a net result of €17k. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 36% of 3620 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
76
/ 100
Excellent▼ -24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-36
Solvency26▼-74
Growth78=
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 4.36 in 2024), and 83.9% 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 56
Relative position
BE, all sectors
reference
Sector 56
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
16.1%
Return on assets
1.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 d early
2024
7 d early
2023
6 d early
2022
3 d early
2021
2 d early
2020
1 d early
2019
67 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, abbreviated schema
Equity
€159k▲ 72.1%
2024 · €92k
2018: €26k
2019: €24k
2020: €60k
2021: €62k
2022: €60k
2023: €76k
2024: €92k
2018 → 2025
Total assets
€990k▲ 728%
2024 · €120k
2018: €157k
2019: €129k
2020: €426k
2021: €648k
2022: €516k
2023: €103k
2024: €120k
2018 → 2025
Net result
€17k▲ 2.5%
2024 · €16k
2018: €-14k
2019: €-2k
2020: €36k
2021: €112k
2022: €9k
2023: €16k
2024: €16k
2018 → 2025
Working capital
€149k▲ 62.8%
2024 · €91k
2018: €27k
2019: €14k
2020: €53k
2021: €52k
2022: €57k
2023: €73k
2024: €91k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€60k▼ 3.6%€76k▲ 26.9%€92k▲ 21.3%€159k▲ 72.1%
Operating result€150k-€12k▼ 92.0%€22k▲ 84.8%€23k▲ 2.3%€22k▼ 1.2%
Net result€112k-€9k▼ 91.9%€16k▲ 78.1%€16k▲ 0.4%€17k▲ 2.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €990k
Fixed assets
€10k▲ 923%
Current assets
€980k▲ 727%
Equity and liabilities €990k
Equity
€159k▲ 72.1%
Debt
€831k▲ 2,958%
The debt ratio rises from 22.7% to 83.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€23k▼
2024 · €25k
Cash flow
€17k▼
2024 · €18k
Solvency
16.1%▼
2024 · 77.3%
Current ratio
1.18▼
2024 · 4.36
Quick ratio
1.09▼
2024 · 4.36
Debt / equity
5.23▲
2024 · 0.29
ROE
10.4%▼
2024 · 17.5%
ROA
1.7%▼
2024 · 13.6%
Interest coverage
284.00▲
2024 · 215.94
Debt
€831k▲
2024 · €27k
Debt ≤ 1 year
€831k▲
2024 · €27k
Income taxes
€6k▼
2024 · €7k
Staff costs
€315k▲
2024 · €79k
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€120k€990k▲
Fixed assets21/28€1k€10k▲
Tangible fixed assets22/27€0€9k▲
Plant, machinery and equipment23-€9k
Furniture and vehicles24€0-
Financial fixed assets28€1k€1k=
Current assets29/58€119k€980k▲
Stocks and contracts in progress3-€72k
Stocks30/36-€72k
Amounts receivable within one year40/41€86k€894k▲
Trade receivables40€21k€843k▲
Other amounts receivable41€65k€51k▼
Cash at bank and in hand54/58€32k€10k▼
Deferred charges and accrued income490/1€580€4k▲
Equity and liabilities
Total equity and liabilities10/49€120k€990k▲
Equity10/15€92k€159k▲
Contributions10/11€40k€90k▲
Reserves13€36k€52k▲
Distributable reserves133€36k€52k▲
Profit (loss) carried forward14€16k€17k▲
Amounts payable17/49€27k€831k▲
Amounts payable within one year42/48€27k€831k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€4k€560k▲
Suppliers440/4€4k€560k▲
Taxes, remuneration and social security45€23k€157k▲
Taxes450/3€12k€14k▲
Remuneration and social security454/9€11k€142k▲
Other amounts payable47/48-€114k
Income statement
Code20242025
Remuneration, social security and pensions62€79k€315k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€611▼
Other operating charges640/8€1k€531▼
Gross operating margin9900€105k€339k▲
Operating profit (loss)9901€23k€22k▼
Financial income75/76B€90€68▼
Recurring financial income75€90€68▼
Financial charges65/66B€114€81▼
Recurring financial charges65€114€81▼
Profit (loss) for the period before taxes9903€23k€22k▼
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€16k€17k▲
Profit (loss) for the period to be appropriated9905€16k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€33k▲
Profit (loss) brought forward from the previous period14P€16k€16k▲
Transfer to equity691/2€16k€16k▲
To other reserves6921€16k€16k▲
Social balance
Average headcount (FTE)90871.011.6▲
The notes to these accounts (18 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €150kEq €159k ▲72.1%
6 profitable years in a row build equity to €159k.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 3.75
Current ratio from 1.13 to 3.75; short-term debt falls from €454k to €27k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €112k ▲207%
Operating result €150k, net result €112k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €36k
Net result €36k after 2 loss-making years.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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 2017
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.
André Dumontlaan 673600 GenkGround area
462 m²
Building footprint
215 m²
Volume, LiDAR
1,973 m³
Parcel 71303B1188/00R003, Flanders · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Partaasch
since 20172.267.067.469
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71303B1188/00R003 | Flanders | 462 m² | 1 · 215 m² | 13.8 m · 4 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.
Recognitions · licences · registrations
Dual-learning approval
9 live approvals · 9 endedGrootkeuken en catering duaal (so)
Grootkeukenkok duaal (so)
Hulpkelner (vwo)
Hulpkelner duaal (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Show 3 more
Kok (vwo)
Kok duaal (so)
Restaurant en keuken duaal (so)
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Of 20,232 companies in sector 56111 we hold annual accounts for 11,312. 8,875 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-08-2017
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.