Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023, 2024.
Financials
Financial year 2025
ThorCo from Mortsel, company number BE0654951819, closed financial year 2025 with a result of € -3,849 after tax. For that financial year ThorCo recorded a gross margin of € 3,108 and equity of € 79,956. Compared with financial year 2024, the result moved from € 45,457 to € -3,849. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 79,956
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,849
▼ still € 45,457 profit in 2024
Profit after tax over the fiscal year.
€ 73
▲ € 55 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 67,556.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 332
▼ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 499
▼ 97% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,142
▼ 37% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 26,828 | € 22,126 | € 70,170 | € 3,108 | ▼ 96% |
| Profit after taxes | € 16,337 | € 12,474 | € 45,457 | € -3,849 | ▼ € 49,305 |
| Equity | € 25,874 | € 38,348 | € 83,805 | € 79,956 | ▼ 5% |
| Total debts | € 25,275 | € 57,579 | € 61,582 | € 41,120 | ▼ 33% |
| Cash | - | € 37 | € 18 | € 73 | ▲ € 55 |
| Retained profit | € 13,474 | € 25,948 | € 71,405 | € 67,556 | ▼ 5% |
| Bank debt | € 337 | € 0 | € 3,478 | € 0 | ▼ 100% |
| Balance sheet total | € 51,150 | € 95,927 | € 145,387 | € 121,076 | ▼ 17% |
Key figures of ThorCo, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ThorCo?
What happened at ThorCo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,849 (▼ € 49,305 vs 2024). Source: NBB ↗
- New establishment in Mortsel. KBO
- Paul De Lil became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 16,337 profit in 2022 to € 3,849 loss in 2025.
Paid € 38,082 in corporate taxes since 2022.
Best year ever: 2024, with € 45,457 profit.
Management
Behind ThorCo is Paul De Lil. Paul De Lil is also behind P.E.N..
Directors
According to the 2025 annual accounts
since 2016
Establishments
Establishment units
Physical locations of this company
Heilig-Kruisstraat 28
2640 Mortsel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0654.951.819
- VAT number
- BE 0654.951.819
- Registered office
- Heilig-Kruisstraat 28, 2640 Mortsel
- Names & denominations
- ThorCo
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 May 2016
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- [email protected] +32475580449
- Activities · NACE
Activiteiten van holdings
Holdings
Pensions voor huisdieren
Activiteiten van eetgelegenheden met volledige bediening
Handel in eigen onroerend goed
Eetgelegenheden met volledige bediening