House of Thor
ActiveSummary
The computed 12-month bankruptcy probability of House of Thor is 1.9% (moderate). The 2024 annual accounts show equity of €64.91M and a net result of €33.95M. Equity remains stable across the filed fiscal years (±0.5% per year). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50▲+28
Solvency98▲+15
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
short-term debt: 0% and cash: 0.3% of total assets, and 26.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
73.4%
Return on assets
38.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
48 d early
2022
55 d early
2021
4 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€33.95M▲ 1,281%
2023 · €2.46M
2022: €3.56M
2023: €2.46M
2022 → 2024
Working capital
€3.66M
2023 · €-16.16M
2022: €264k
2023: €-16.16M
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€65.50M-€50.95M▼ 22.2%€64.91M▲ 27.4%
Operating result€-259k-€-305k▼ 17.8%€-295k▲ 3.1%
Net result€3.56M-€2.46M▼ 31.0%€33.95M▲ 1,281%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €295k in 2024 against €305k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €88.11M
Fixed assets
€84.43M =
Current assets
€3.68M ▲ 23.0%
Equity and liabilities €88.43M
Equity
€64.91M ▲ 27.4%
Debt
€23.53M ▼ 36.5%
Debt's share of the balance-sheet total falls from 42.1% to 26.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-56k▲
2023 · €-66k
Cash flow
€34.19M▲
2023 · €2.70M
Debt to equity
0.36▼
2023 · 0.73
ROE
52.3%▲
2023 · 4.8%
ROA
38.4%▲
2023 · 2.8%
Interest coverage
-0.04▲
2023 · -0.06
Debt ≤ 1 year
€25k▼
2023 · €19.16M
Debt > 1 year
€23.50M▲
2023 · €17.71M
A ratio outside any meaningful range has been withheld (balance sheet total €88.43M, equity €64.91M).
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€87.98M€88.43M▲
Formation expenses20€563k€325k▼
Fixed assets21/28€84.43M€84.43M=
Financial fixed assets28€84.43M€84.43M=
Affiliated companies280/1€84.43M€84.43M=
Participating interests280€84.43M€84.43M=
Current assets29/58€2.99M€3.68M▲
Stocks and contracts in progress3€0€0=
Current investments50/53€2.50M€3.40M▲
Other investments51/53€2.50M€3.40M▲
Cash at bank and in hand54/58€296k€278k▼
Deferred charges and accrued income490/1€191k€0▼
Equity and liabilities
Total equity and liabilities10/49€87.98M€88.43M▲
Equity10/15€50.95M€64.91M▲
Contributions10/11€50.68M€50.68M=
Profit (loss) carried forward14€277k€14.23M▲
Amounts payable17/49€37.03M€23.53M▼
Amounts payable after more than one year17€17.71M€23.50M▲
Financial debts170/4€17.71M€23.50M▲
Credit institutions173€17.71M€23.50M▲
Amounts payable within one year42/48€19.16M€25k▼
Current portion of amounts payable after more than one year42€2.08M€0▼
Trade debts44€14k€25k▲
Suppliers440/4€14k€25k▲
Other amounts payable47/48€17.06M€0▼
Accrued charges and deferred income492/3€163k€0▼
Income statement
Code20232024
Operating charges60/66A€305k€295k▼
Services and other goods61€65k€55k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€239k€239k=
Other operating charges640/8€947€1k▲
Operating profit (loss)9901€-305k€-295k▲
Financial income75/76B€3.78M€35.61M▲
Recurring financial income75€3.78M€35.61M▲
Income from financial fixed assets750€3.00M€33.90M▲
Income from current assets751€779k€1.71M▲
Other financial income752/9€544€74▼
Financial charges65/66B€1.02M€1.36M▲
Recurring financial charges65€1.02M€1.36M▲
Debt charges650€1.02M€1.28M▲
Other financial charges652/9€348€85k▲
Profit (loss) for the period before taxes9903€2.46M€33.95M▲
Profit (loss) for the period9904€2.46M€33.95M▲
Profit (loss) for the period to be appropriated9905€2.46M€33.95M▲
Appropriation of the result
Profit (loss) to be appropriated9906€17.28M€34.23M▲
Profit (loss) brought forward from the previous period14P€14.82M€277k▼
Profit to be distributed694/7€17.00M€20.00M▲
Return on contributions (dividend)694€17.00M€20.00M▲
The notes to these accounts (36 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2022net €33.95M ▲1281%
Net result €33.95M, the highest in the series.
31-12
Financial
Liquidity times 940current ratio 146.79
Current ratio from 0.16 to 146.79; short-term debt falls from €19.16M to €25k.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €2.46M ▼31%
Net result drops to €2.46M, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Gent · 1 establishment unit since 2020
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.
Onafhankelijkheidslaan 17-189000 GentGround area
668 m²
Building footprint
264 m²
Volume, LiDAR
3,866 m³
Parcel 44808H0085/00P002, Flanders · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
House of Thor
since 20202.312.262.541
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0085/00P002 | Flanders | 668 m² | 1 · 264 m² | 18.6 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
Gent
controls
House of ThorBE 0757.880.103
Recognitions · licences · registrations
Legal Entity Identifier
98450062FEBBBOAZD005
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-11-2020
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.