Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Thorbar from Hamme (Vl.), company number BE0764523811, closed financial year 2025 with a result of € -26,784 after tax. For that financial year Thorbar recorded a gross margin of € -5,759 and equity of € -58,093. Compared with financial year 2024, the result moved from € -29,350 to € -26,784. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ -58,093
▼ € 26,784 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -26,784
▲ 9 % less loss than in 2024
Profit after tax over the fiscal year.
€ 7,453
▲ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -119,593.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 77,183
▼ 12% vs 2024
Of which on lease € 77,183.
Debts at end 2025
€ 51,866
▼ 19% vs 2024
€ 12,637 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 19,051
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -26,552 | € -2,625 | € -8,242 | € -5,759 | ▲ € 2,483 |
| Profit after taxes | € -39,745 | € -23,714 | € -29,350 | € -26,784 | ▲ € 2,567 |
| Equity | € 21,755 | € -1,959 | € -31,309 | € -58,093 | ▼ € 26,784 |
| Total debts | € 77,894 | € 195,218 | € 194,628 | € 201,728 | ▲ 4% |
| Cash | € 5,105 | € 9,111 | € 4,264 | € 7,453 | ▲ 75% |
| Retained profit | € -39,745 | € -63,459 | € -92,809 | € -119,593 | ▼ € 26,784 |
| Bank debt | € 0 | € 76,503 | € 64,290 | € 51,866 | ▼ 19% |
| Balance sheet total | € 99,649 | € 193,260 | € 163,318 | € 143,635 | ▼ 12% |
Key figures of Thorbar, 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 Thorbar?
What happened at Thorbar in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 26,784. Source: NBB ↗
- New establishment in Hamme (Vl.). KBO
- New establishment in Hamme (Vl.). KBO
- Start of the company according to the CBE. KBO
In short
From € 39,745 loss in 2022 to € 26,784 loss in 2025.
Management
Behind Thorbar is Wim Verriest. Wim Verriest is also behind LUXYRA.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Bootdijkstraat 1 box D
9220 Hamme (Vl.)
Bootdijkstraat 1D
9220 Hamme (Vl.)
Active since 2 March 2021
Ripipiaberg 21 box A
9220 Hamme (Vl.)
Active since 3 June 2021
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
- 0764.523.811
- VAT number
- BE 0764.523.811
- Registered office
- Bootdijkstraat 1 bus D, 9220 Hamme (Vl.)
- Names & denominations
- Thorbar
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 March 2021
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
Vervaardiging van beschuit, biscuit en houdbaar banketbakkerswerk
Detailhandel in chocolade en suikerwerk