ACTIVE

THOR

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-53,3 k €

-147.0% YoY

Gross margin

534 k €

-28.3% YoY

Equity

2 M €

-3.8% YoY

Workforce

4,0 ETP

-16.7% YoY

What does THOR do?

THOR is a Public limited company incorporated in 1985. Its main activity is: Marine fishing. Its registered office is in Nieuwpoort. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.910.262

Incorporation

19/02/1985

Legal form

Public limited company

Registered office

Canadalaan 28
8620 Nieuwpoort · FlandreSee on map

Contributed capital

61 973,38 €

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Activities (NACE)

03110Marine fishing· main 03110Marine fishing 05010Mining of coal and lignite

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	534 k €	-28.3%	745 k €	-48.3%	1,4 M €	+166%	542 k €	+1.9%	531,8 k €	+8.3%	491,1 k €	+40.1%	350,6 k €	-49.5%	693,6 k €	-16.5%	831 k €	-7.8%	901,2 k €	+44.9%	622 k €	+31.9%	471,4 k €	+1.4%	465 k €	+47.1%	316,1 k €	-23.2%	411,4 k €	+5.4%	390,5 k €	+15.7%	337,5 k €	+10.5%	305,4 k €	-9.2%	336,4 k €	+25.0%	269,1 k €
EBITDA	123,2 k €	-60.6%	312,7 k €	-75.7%	1,3 M €	+748%	151,8 k €	-0.1%	152 k €	-1.9%	154,9 k €	+1393%	-12 k €	-104%	284,2 k €	-23.4%	370,9 k €	-3.5%	384,5 k €	+46.1%	263,2 k €	+67.6%	157 k €	-2.7%	161,4 k €	+252%	45,8 k €	-62.8%	123,1 k €	+5.8%	116,4 k €	+40.8%	82,7 k €	+6.6%	77,5 k €	-22.1%	99,6 k €	+20.6%	82,5 k €
Operating result	-109,5 k €	-237%	80 k €	-93.4%	1,2 M €	+1913%	59,9 k €	-4.3%	62,6 k €	-21.8%	80,1 k €	+193%	-86,2 k €	-136%	241,5 k €	-30.7%	348,7 k €	-4.0%	363,2 k €	+62.1%	224,1 k €	+325%	52,8 k €	-0.1%	52,8 k €	+191%	-58,1 k €	-320%	26,4 k €	+36.6%	19,3 k €	+232%	-14,7 k €	+28.6%	-20,6 k €	-1479%	1,5 k €	+110%	-14,5 k €
Net result	-53,3 k €	-147%	113,6 k €	-87.2%	889 k €	+1196%	68,6 k €	+27.2%	53,9 k €	-34.0%	81,7 k €	+197%	-84,6 k €	-136%	233,7 k €	-9.8%	259 k €	-10.4%	289,2 k €	+41.7%	204,1 k €	+599%	29,2 k €	+17.9%	24,8 k €	+144%	-55,8 k €	-555%	-8,5 k €	+56.3%	-19,5 k €	+66.0%	-57,4 k €	+21.9%	-73,5 k €	-60.8%	-45,7 k €	+9.1%	-50,3 k €
Balance sheet
Equity	2 M €	-3.8%	2,1 M €	+17.7%	1,8 M €	+102%	874,6 k €	+8.5%	806 k €	+7.2%	752,1 k €	+12.2%	670,4 k €	-11.2%	755 k €	+44.8%	521,3 k €	+98.7%	262,3 k €	+1077%	-26,9 k €	+88.4%	-231 k €	+11.2%	-260,1 k €	+8.7%	-284,9 k €	-24.4%	-229,1 k €	-3.9%	-220,6 k €	-9.7%	-201,1 k €	-39.9%	-143,7 k €	-105%	-70,2 k €	-187%	-24,5 k €
Total assets	2,4 M €	-6.5%	2,6 M €	+6.4%	2,4 M €	+151%	961,1 k €	+8.7%	884,3 k €	+5.5%	838,1 k €	+2.7%	815,9 k €	-19.3%	1 M €	+23.7%	817,5 k €	+38.1%	592,2 k €	+57.7%	375,4 k €	+105%	182,8 k €	-24.2%	241,2 k €	-18.6%	296,4 k €	-13.9%	344,4 k €	-17.1%	415,5 k €	-18.2%	507,9 k €	-15.9%	603,9 k €	-16.1%	719,3 k €	-11.5%	812,4 k €
Cash	440 k €	+17.2%	375,4 k €	+1835%	19,4 k €	-93.4%	292,2 k €	+38.5%	211 k €	-18.3%	258,4 k €	+52.4%	169,6 k €	-74.1%	656 k €	+19.8%	547,5 k €	+64.5%	332,9 k €	+155%	130,8 k €	+244%	38 k €	+263%	10,4 k €	+208%	3,4 k €	-66.1%	10 k €	+51.8%	6,6 k €	+37.1%	4,8 k €	+324%	1,1 k €	-75.4%	4,6 k €	-48.8%	9 k €
Debts	74,5 k €	-38.4%	120,8 k €	-62.3%	320,5 k €	+271%	86,4 k €	+10.5%	78,2 k €	-9.1%	86 k €	-40.9%	145,5 k €	+34.9%	107,9 k €	-44.8%	195,3 k €	-31.9%	287 k €	-28.7%	402,3 k €	-2.8%	413,7 k €	-17.5%	501,3 k €	-13.8%	581,3 k €	+1.4%	573,5 k €	-9.8%	636,1 k €	-10.3%	709 k €	-4.4%	741,5 k €	-5.8%	787,3 k €	-5.9%	836,9 k €
Other
Workforce	4,0 ETP	-16.7%	4,8 ETP	+92.0%	2,5 ETP	-51.0%	5,1 ETP	+2.0%	5,0 ETP	0.0%	5,0 ETP	-2.0%	5,1 ETP	-13.6%	5,9 ETP	-9.2%	6,5 ETP	+10.2%	5,9 ETP	+13.5%	5,2 ETP	+6.1%	4,9 ETP	0.0%	4,9 ETP	-14.0%	5,7 ETP	+23.9%	4,6 ETP	+2.2%	4,5 ETP	+4.7%	4,3 ETP	-15.7%	5,1 ETP	+2.0%	5,0 ETP	+2.0%	4,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 10 ended

Active mandates

Noel Dugardein

Managing director · since 01 mai 2021

Active

Hessel Kramer

Mandate

Active

Jan Fokke Kramer

Mandate

Active

Ended mandates

Hector Eerebout

Managing director · since 04 juillet 2008

Ended

Agnes Kramer

Director · since 27 mai 2005 · until 26 mai 2011

Ended

Agnes Van Veen - Kramer

Director · since 27 mai 2005

Ended

Hendrik Van Veen

Director · since 27 mai 2005

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/08/2026	06/08/2025	24/06/2024	19/06/2023	21/06/2022	27/07/2021
General meeting	19/06/2026	20/06/2025	21/04/2024	16/06/2023	17/06/2022	18/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	10/08/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	06/08/2025	Dutch	PDF
Abridged model	31/12/2023	21/04/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	19/06/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	21/06/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	27/07/2021	Dutch	PDF
Abridged model	31/12/2019	19/08/2020	20/08/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	04/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	01/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	09/08/2014	12/08/2014	Dutch	PDF
Abridged model	31/12/2012	09/08/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	09/08/2012	22/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	05/07/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	28/07/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	03/07/2009	Dutch	PDF
Abridged model	31/12/2007	25/07/2008	06/08/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	14/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 10 ended

Active mandates

Noel Dugardein

Managing director · since 01 mai 2021

Active

Hessel Kramer

Mandate

Active

Jan Fokke Kramer

Mandate

Active

Ended mandates

Hector Eerebout

Managing director · since 04 juillet 2008

Ended

Agnes Kramer

Director · since 27 mai 2005 · until 26 mai 2011

Ended

Agnes Van Veen - Kramer

Director · since 27 mai 2005

Ended

Hendrik Van Veen

Director · since 27 mai 2005

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/06/2021
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/11/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/01/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/08/2011
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-53,3 k €↓
2024
Annual accounts 2024113,6 k €↓
2023
Annual accounts 2023889 k €↑
2022
Annual accounts 202268,6 k €↑
2021
Annual accounts 202153,9 k €↓
2020
Annual accounts 202081,7 k €↑
2019
Annual accounts 2019-84,6 k €↓
2018
Annual accounts 2018233,7 k €↓
2017
Annual accounts 2017259 k €↓
2016
Annual accounts 2016289,2 k €↑
2015
Annual accounts 2015204,1 k €↑
2014
Annual accounts 201429,2 k €↑
2013
Annual accounts 201324,8 k €↑
2012
Annual accounts 2012-55,8 k €↓
2011
Annual accounts 2011-8,5 k €↑
2010
Annual accounts 2010-19,5 k €↑
2009
Annual accounts 2009-57,4 k €↑
2008
Annual accounts 2008-73,5 k €↓
2007
Annual accounts 2007-45,7 k €↑
2006
Annual accounts 2006-50,3 k €
19/02/1985
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

THOR

Overview

What does THOR do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline