Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
22 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
House of Thor from Gent, company number BE0757880103, closed financial year 2025 with a result of € 12.2 million after tax. Compared with financial year 2024, the result moved from € 34 million to € 12.2 million. The company is profitable. 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 June 25, 2026.
€ 62.1 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12.2 million
▼ 64% vs 2024
Profit after tax over the fiscal year.
€ 115,544
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 15 million paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 23.5 million
Loans from banks and other lenders, long and short.
€ 510,389
▲ € 485,316 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 130 days on average.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 3,560,744 | € 2,458,359 | € 33,953,099 | € 12,209,331 | ▼ 64% |
| Equity | € 65,496,066 | € 50,954,425 | € 64,907,524 | € 62,116,855 | ▼ 4% |
| Total debts | € 22,088,599 | € 37,028,620 | € 23,525,074 | € 24,467,037 | ▲ 4% |
| Cash | € 2,355,108 | € 295,895 | € 277,965 | € 115,544 | ▼ 58% |
| Retained profit | € 14,818,524 | € 276,883 | € 14,229,982 | € 11,439,313 | ▼ 20% |
| Dividend | € 0 | € 17,000,000 | € 20,000,000 | € 15,000,000 | ▼ 25% |
| Bank debt | € 21,875,000 | € 19,791,667 | € 23,500,000 | € 23,500,000 | |
| Balance sheet total | € 87,584,666 | € 87,983,044 | € 88,432,598 | € 86,583,892 | ▼ 2% |
Key figures of House of Thor, 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 House of Thor?
What happened at House of Thor in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Yves De Backer BV stepped down as director. NBB
- K-CL BV stepped down as director. NBB
- Vauban NV stepped down as director. NBB
- Equity@work BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 12.2 million (▼ 64% vs 2024). Source: NBB ↗
- Yves De Backer BV became a director. NBB
- K-CL BV became a director. NBB
- Vauban NV became a director. NBB
In short
From € 3.6 million profit in 2022 to € 12.2 million profit in 2025.
Best year ever: 2024, with € 34 million profit.
Paid out € 52 million in dividends to the owners in total.
Pays suppliers within 130 days on average.
A new publication or filing at House of Thor? We notify you, reason included.
Follow House of ThorDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of House of Odin, ABACUS GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
House of ThorThe shares are held by House of Odin (88.8%) and ABACUS GROUP (10%). It owns 100% of Zenitel itself.
Directors
According to the 2025 annual accounts
Director · represented by Yves De Backer
Also active at: ZENITEL, The House of Outdoor Lifestyle
since 2022 · until 2028
since 2022 · until 2028
Director · represented by Gaëtan Hannecart
Also active at: Louis Delhaize - Compagnie franco-belge d'Alimentation, FINANCIERE DE TUBIZE, MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN, Antwerp Tower, TRADIPLAN, Immo - Vilvo, Sibomat, ABACUS GROUP +44 more
since 2022 · until 2028
Director · represented by Hans Swinnen
Also active at: ZENITEL, PLBE, PAUWELS CONSULTING, Pyramid, TASCO, Science at Work Staffing België, The House of Outdoor Lifestyle, Anchorage
since 2022 · until 2028
Shareholders
88.8%
10%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Onafhankelijkheidslaan 17-18
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 22 companies are registered at this address.
All companies at this address →IBERVEST
€ 1.5 million gross margin · 2025
3 D
€ 1.4 million revenue · 2025
ANFRA
€ 122,438 gross margin · 2025
IBERIS
€ 40,046 gross margin · 2025
HUON & KAURI
€ 225,953 gross margin · 2025
+17 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0757.880.103
- VAT number
- BE 0757.880.103
- Registered office
- Onafhankelijkheidslaan 17-18, 9000 Gent
- Names & denominations
- House of Thor
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 November 2020
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- 3d-investors.be +32 (0)9 329 72 01