Thoré I & C
ActiveThe computed 12-month bankruptcy probability of Thoré I & C is 1.6% (moderate). The 2025 annual accounts show equity of €5.75M and a net result of €2.32M. Equity is growing by ~44.6% per year across the filed fiscal years. Its solvency ranks better than 88% of 2149 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
100
/ 100
Excellent▲ +14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+13
Growth78▲+26
Stability94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 4.47 against 1.67 in 2024), and 20.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
79.9%
Return on assets
32.2%
Age of the figures
8 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 31-08-2026, 31 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
31 d late
2024
30 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€5.75M▲ 67.6%
2024 · €3.43M
2023: €2.69M
2024: €3.43M
2023 → 2025
Total assets
€7.19M▲ 2.7%
2024 · €7.00M
2023: €4.04M
2024: €7.00M
2023 → 2025
Net result
€2.32M▲ 161%
2024 · €888k
2023: €977k
2024: €888k
2023 → 2025
Working capital
€4.83M▲ 105%
2024 · €2.36M
2023: €1.48M
2024: €2.36M
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€2.69M-€3.43M▲ 27.5%€5.75M▲ 67.6%
Operating result€1.42M-€1.27M▼ 10.3%€3.29M▲ 158%
Net result€977k-€888k▼ 9.1%€2.32M▲ 161%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 158% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.19M
Fixed assets
€972k▼ 12.3%
Current assets
€6.22M▲ 5.5%
Equity and liabilities €7.19M
Equity
€5.75M▲ 67.6%
Provisions
€10k▼ 21.2%
Debt
€1.43M▼ 59.7%
The debt ratio falls from 50.9% to 19.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€3.62M▲
2024 · €1.58M
Cash flow
€2.65M▲
2024 · €1.20M
Solvency
79.9%▲
2024 · 49.0%
Current ratio
4.47▲
2024 · 1.67
Quick ratio
3.09▲
2024 · 1.33
Debt / equity
0.25▼
2024 · 1.04
ROE
40.3%▲
2024 · 25.9%
ROA
32.2%▲
2024 · 12.7%
Interest coverage
66.91▲
2024 · 42.79
Debt
€1.43M▼
2024 · €3.56M
Debt ≤ 1 year
€1.39M▼
2024 · €3.54M
Income taxes
€946k▲
2024 · €395k
Staff costs
€290k▼
2024 · €328k
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€7.00M€7.19M▲
Fixed assets21/28€1.11M€972k▼
Intangible fixed assets21€11k€4k▼
Tangible fixed assets22/27€1.10M€967k▼
Land and buildings22€46k€42k▼
Plant, machinery and equipment23€494k€478k▼
Furniture and vehicles24€556k€448k▼
Financial fixed assets28€405€405=
Current assets29/58€5.89M€6.22M▲
Stocks and contracts in progress3€1.20M€1.91M▲
Stocks30/36€1.20M€1.91M▲
Amounts receivable within one year40/41€3.80M€914k▼
Trade receivables40€3.78M€913k▼
Other amounts receivable41€21k€392▼
Current investments50/53-€1.50M
Cash at bank and in hand54/58€865k€1.87M▲
Deferred charges and accrued income490/1€29k€23k▼
Equity and liabilities
Total equity and liabilities10/49€7.00M€7.19M▲
Equity10/15€3.43M€5.75M▲
Contributions10/11€14k€14k=
Reserves13€3.41M€5.73M▲
Tax-exempt reserves132€38k€872k▲
Distributable reserves133€3.37M€4.86M▲
Profit (loss) carried forward14€3k€3k=
Provisions and deferred taxes16€13k€10k▼
Provisions for liabilities and charges160/5€13k-
Taxes161€13k-
Deferred taxes168-€10k
Amounts payable17/49€3.56M€1.43M▼
Amounts payable within one year42/48€3.54M€1.39M▼
Trade debts44€195k€225k▲
Suppliers440/4€195k€225k▲
Advances received on contracts in progress46€2.51M€210k▼
Taxes, remuneration and social security45€119k€352k▲
Taxes450/3€78k€312k▲
Remuneration and social security454/9€41k€39k▼
Other amounts payable47/48€713k€605k▼
Accrued charges and deferred income492/3€24k€42k▲
Income statement
Code20242025
Non-recurring operating income76A-€0
Remuneration, social security and pensions62€328k€290k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€310k€335k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€1.91M€3.92M▲
Operating profit (loss)9901€1.27M€3.29M▲
Financial income75/76B€61k€30k▼
Recurring financial income75€7k€30k▲
Non-recurring financial income76B€54k-
Financial charges65/66B€37k€54k▲
Recurring financial charges65€37k€54k▲
Profit (loss) for the period before taxes9903€1.30M€3.26M▲
Transfer from deferred taxes780€782€3k▲
Transfer to deferred taxes680€13k€0▼
Income taxes67/77€395k€946k▲
Profit (loss) for the period9904€888k€2.32M▲
Transfer from tax-exempt reserves789€2k€8k▲
Transfer to tax-exempt reserves689€40k€842k▲
Profit (loss) for the period to be appropriated9905€851k€1.48M▲
Appropriation of the result
Profit (loss) to be appropriated9906€853k€1.49M▲
Profit (loss) brought forward from the previous period14P€3k€3k=
Transfer from equity791/2€149k€0▼
Transfer to equity691/2€851k€1.48M▲
To other reserves6921€851k€1.48M▲
Profit to be distributed694/7€149k€0▼
Return on contributions (dividend)694€149k€0▼
Social balance
Average headcount (FTE)90874.34.1▼
The notes to these accounts (16 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2023net €2.32M ▲161%
Operating result €3.29M, net result €2.32M, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.47
Current ratio from 1.67 to 4.47; short-term debt falls from €3.54M to €1.39M.
31-12
Financial
Equity above €5MEq €5.75M ▲67.6%
3 profitable years in a row build equity to €5.75M.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €888k ▼9.1%
Net result drops to €888k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Poperinge · 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.
Sint-Jansstraat 178970 PoperingeGround area
5,231 m²
Building footprint
3,007 m²
Volume, LiDAR
50 m³
Parcel 33021E0081/00T000, Flanders · tallest building 0.5 m. Linked by address, not a title deed.
1 establishment unit
Thoré I & C
since 20232.344.841.178
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33021E0081/00T000 | Flanders | 5,231 m² | 1 · 3,007 m² | 0.5 m |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 5,206 EUR awarded · 3,145 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 721 EUR | 721 EUR |
| 2024 | 1 | 4,485 EUR | 2,424 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 1,687 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-05-2023
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.