Equity
-€30,528
Debts exceed assets in financial year 2025.
THORSON
Lifetime
11 annual accounts with figures on one time axispeak €59,221 (2015)
€7,827▼ 28.2%
lowest -€28,650 (2022)
€4,638▲ 72.1%
peak €34,552 (2020)
-€30,528▲ €4,638
€45,788▼ 33.1%
Board1 name since 2014
1 directorClive Paul Henri DE SOUTER
Documentsfilings and deeds
27-08-202627 days late
2025abbreviated format
Gross margin from €10,895 to €7,827Result from €2,695 to €4,638Equity from -€35,165 to -€30,528Debts from €68,439 to €45,788Cash from €13 to €3,107
Key points
from the 2025 annual accountsDebts
€45,788 300% of the balance sheet
Financial debts 68%Suppliers 18%Other 14%
Of this, €28,788 falls due within a year.
Position in the sector
-200.1%
Lower solvency than 95% of companies in computer programming and consultancy. Sector median 46.4% · 3,406 companies.
2025 accounts filed 27 days after the deadline
Checked score
54
Fair
Financially stronger than 27% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 2.0%● unchanged vs 12-2024
02-2025: 2.0%● unchanged vs 01-2025
03-2025: 2.0%● unchanged vs 02-2025
04-2025: 2.1%▲ +0.1 percentage points vs 03-2025
05-2025: 2.0%▼ -0.1 percentage points vs 04-2025
06-2025: 2.2%▲ +0.2 percentage points vs 05-2025
07-2025: 2.2%● unchanged vs 06-2025
08-2025: 2.3%▲ +0.1 percentage points vs 07-2025
09-2025: 2.3%● unchanged vs 08-2025
10-2025: 2.7%▲ +0.4 percentage points vs 09-2025highest value
11-2025: 1.3%▼ -1.4 percentage points vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.4%▲ +0.1 percentage points vs 02-2026
04-2026: 1.4%● unchanged vs 03-2026
05-2026: 1.4%● unchanged vs 04-2026
06-2026: 1.3%▼ -0.1 percentage points vs 05-2026
07-2026: 1.3%● unchanged vs 06-2026
08-2026: 1.6%▲ +0.3 percentage points vs 07-2026
09-2026: 0.2%▼ -1.4 percentage points vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€30,528
Last filed accounts filed 27 days late; 2 of the last 3 accounts late
lowers risk
Size: total assets €15,260
Sector: Computer programming, consultancy and related activities (NACE 62)
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 62, micro). It does better than 3% of them on solvency, 9% on liquidity, 37% on profitability and 60% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 3,632 companies had the same profile as THORSON has now. Each dot stands for 10 companies, two years later.
91.9%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of THORSON itself is lower: 0.2% within 12 months. It rests on far more data about THORSON than the profile alone.
Test of the method
The method was tested on the 497,447 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 3,632 companies, not a prediction for THORSON. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.47 (0.6 in 2024), below 1. Short-term debt is 188.6% and cash 20.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 3406 sector peers (2025).
NBB · sector comparisonPosition among 3406 sector peers
Solvency
better than 5%
← weakest
strongest →
raises risk · 2025 accounts filed 27 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
27 days late
2024
61 days late
2023
44 days late
2022
331 days late
2021
102 days late
2020
88 days late
2019
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 90 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (4 of the last 5 accounts filed within 41 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
New director
Clive Paul Henri DE SOUTER appointed, Clive Paul Henri DE SOUTER resigned · “uitbreiding,artikel 3 aangevuld” (deed in Dutch) · 195 shares · General meeting of 30-12-2020 · Gazette deed
First establishment
Lumbeekstraat 41, Dilbeek
Incorporation
published on 24-12-2014 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as THORSON: computer programming (NACE 62100). They are comparable in size and age: total assets between €12,100 and €19,500, founded between 2011 and 2018.
Official details
Source: KBO- Status
- Active since 22-12-2014Normal situation
- Activity
- Computer programmingNACE 62100and 4 others
- Establishment unit
- 2.238.434.7521700 Dilbeek, since 01-01-2015
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on THORSON
THORSON files the abbreviated format. That format states no turnover. The gross margin fell from €59,221 in 2015 to €7,827 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about THORSON
- What is the company number of THORSON?
- The company number of THORSON is 0507.614.460. The VAT number is the same number with BE in front: BE 0507.614.460.
- Where is THORSON based?
- The registered office is at Lumbeekstraat 41, 1700 Dilbeek.Company details
- What does THORSON do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of THORSON?
- THORSON is a private limited company (BV).
- When was THORSON founded?
- THORSON was founded on 22-12-2014.
- Is THORSON still active?
- Yes, THORSON is an active enterprise in the KBO register.
- What is the turnover of THORSON?
- The turnover in financial year 2025 is ≈ €41,000. This figure is estimated from the gross margin of €7,827 and 68 comparable companies (NACE 62100). It probably lies between €20,000 and €78,000. It is a rough estimate. In financial year 2019 turnover was €69,863.Financials
- Is THORSON profitable?
- In financial year 2025, THORSON made a profit of €4,638.
- Where can I find the annual accounts of THORSON?
- THORSON filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THORSON due?
- THORSON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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