THORSON
ActiveSummary
THORSON has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-31k) and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78=
Solvency0=
Growth50=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.47 against 0.6 in 2024; short-term debt: 188.6% and cash: 20.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-200.1%
Return on assets
30.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2692 sector peers (2025).
NBB · sector comparisonPosition among 2692 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
61 d late
2023
44 d late
2022
331 d late
2021
102 d late
2020
88 d late
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€70k▲ 0.4%
2018 · €70k
2018: €70k
2018 → 2019
EBIT margin
31.6%▲ 59.4pp
2018 · -27.8%
2018: -27.8%
2018 → 2019
Net result
€5k▲ 72.1%
2024 · €3k
2018: €-21k
2019: €19k
2020: €35k
2021: €-27k
2022: €-29k
2023: €-17k
2024: €3k
2018 → 2025
Working capital
€-15k▲ 26.3%
2024 · €-21k
2018: €8k
2019: €27k
2020: €23k
2021: €-6k
2022: €-30k
2023: €-43k
2024: €-21k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€-21k€-38k▼ 80.2%€-35k▲ 7.1%€-31k▲ 13.2%
Operating result€-27k-€-27k▼ 1.8%€-15k▲ 44.2%€4k€7k▲ 88.1%
Net result€-27k-€-29k▼ 6.4%€-17k▲ 41.2%€3k€5k▲ 72.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 88% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15k
Fixed assets
€2k ▼ 32.3%
Current assets
€14k ▼ 55.9%
Key figures and ratios
EBITDA
€8k▲
2024 · €6k
Cash flow
€5k▲
2024 · €5k
Solvency
-200.1%▼
2024 · -105.7%
Current ratio
0.47▼
2024 · 0.60
Debt to equity
-1.50▲
2024 · -1.95
ROA
30.4%▲
2024 · 8.1%
Interest coverage
3.33▼
2024 · 5.93
Debt
€46k▼
2024 · €68k
Debt ≤ 1 year
€29k▼
2024 · €51k
Debt > 1 year
€17k=
2024 · €17k
Income taxes
€62
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€33k€15k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€390-
Financial fixed assets28€80-
Current assets29/58€31k€14k▼
Amounts receivable within one year40/41€31k€10k▼
Trade receivables40€31k€10k▼
Other amounts receivable41€103€140▲
Cash at bank and in hand54/58€13€3k▲
Equity and liabilities
Total equity and liabilities10/49€33k€15k▼
Equity10/15€-35k€-31k▲
Contributions10/11€7k€7k=
Outside capital11€7k€7k=
Other1109/19€7k€7k=
Reserves13€25k€25k=
Non-distributable reserves130/1€350€350=
Reserves not available under the articles1311€350€350=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€-67k€-62k▲
Amounts payable17/49€68k€46k▼
Amounts payable after more than one year17€17k€17k=
Financial debts170/4€17k€17k=
Amounts payable within one year42/48€51k€29k▼
Financial debts43€12k€14k▲
Credit institutions430/8€12k€14k▲
Trade debts44€12k€8k▼
Suppliers440/4€12k€8k▼
Advances received on contracts in progress46-€109
Taxes, remuneration and social security45€4k-
Remuneration and social security454/9€4k-
Other amounts payable47/48€23k€6k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€715▼
Other operating charges640/8€5k€111▼
Gross operating margin9900€11k€8k▼
Operating profit (loss)9901€4k€7k▲
Financial income75/76B-€16
Recurring financial income75-€16
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€3k€5k▲
Income taxes67/77-€62
Profit (loss) for the period9904€3k€5k▲
Profit (loss) for the period to be appropriated9905€3k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-67k€-62k▲
Profit (loss) brought forward from the previous period14P€-70k€-67k▲
The notes to these accounts (7 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 331 days late
2022
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 102 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Highest result since 2018net €35k ▲83.2%
Operating result €37k, net result €35k, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Dilbeek · 1 establishment unit since 2015
Ground area
2,097 m²
Building footprint
254 m²
Volume, LiDAR
1,061 m³
Parcel 23079A0141/00K000, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Lumbeekstraat 41, 1700 Dilbeek
since 20152.238.434.752
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23079A0141/00K000 | Flanders | 2,097 m² | 1 · 254 m² | 7.7 m · 1 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.
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 3,823 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.