ACTIVE

MO-THOR

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Financial year 2025 · Closed on 31/12/2025

Net result-1,1 M €-7,0 %over 1 year

Revenue546,8 k €-37,6 %over 1 year

Equity18,8 M €-1,6 %over 1 year

Workforce1,5 ETP-25,0 %over 1 year

Identity

Source · BCE/KBO

MO-THOR is a Public limited company incorporated in 2012. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Genk. It employs on average 1,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0843.944.639
Incorporation: 22/02/2012
Legal form: Public limited company
Registered office: Thor Park 8300
3600 Genk · FlandreSee on map
Contributed capital: 16 607 066,98 €
Latest accounts: 31/12/2025
Average workforce: 1,5 ETP

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.68204Rental and operating of own or leased real estate 68204Rental and operating of own or leased real estate

Joint committees (3)

Signals

Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 13 filings

Trend over 13 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	546,8 k €	-37.6%	875,9 k €		–		–		–
EBITDA	-335,4 k €	-146%	-136,4 k €	+46.5%	-254,9 k €	-37.6%	-185,2 k €	-18.1%	-156,8 k €
Operating result	-1,2 M €	-33.1%	-869,1 k €	-238%	-257,3 k €	-37.6%	-187 k €	-18.5%	-157,9 k €
Net result	-1,1 M €	-7.0%	-1 M €	-218%	-328,6 k €	-73.4%	-189,5 k €	-16.1%	-163,2 k €
Balance sheet
Equity	18,8 M €	-1.6%	19,1 M €	-5.8%	20,3 M €	+88.9%	10,8 M €	+283%	2,8 M €
Total assets	27,2 M €	-1.8%	27,7 M €	-19.5%	34,5 M €	+137%	14,5 M €	+392%	3 M €
Cash	1,3 M €	+97.8%	634 k €	-92.1%	8 M €	+1240%	597,4 k €	-15.7%	708,5 k €
Debts	6,3 M €	-3.0%	6,5 M €	-45.1%	11,9 M €	+716%	1,5 M €	+892%	147,2 k €
Other
Workforce	1,5 ETP	-25.0%	2,0 ETP	-33.3%	3,0 ETP	+7.1%	2,8 ETP	+40.0%	2,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Erhan Yilmaz	Director20/05/2025 → 07/06/2030
Koen Debackere	Director01/01/2020 → 01/06/2029
LIMBURGSE RECONVERSIE MAATSCHAPPIJ0452.138.972Represented by Tom Vanham	Director22/02/2012 → 01/06/2029
LRM Beheer0440.550.442Represented by Koen Nulens	Director17/06/2014 → 01/06/2029
Toon Vandeurzen	Director16/05/2019 → 01/06/2029
Wim Dries	Director29/03/2018 → 15/05/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Anniek Nagels	Director29/03/2018 → 19/02/2019
Vic Goedseels	Director29/03/2018 → 2020 accounts
BERT LENAERTS	Directorlisted until the 2015 accounts

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Thor Park 8300 3600 Genk

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	02/07/2026	13/06/2025	24/06/2024	13/06/2023	14/06/2022	16/06/2021
General meeting	05/06/2026	20/05/2025	21/05/2024	16/05/2023	17/05/2022	18/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	02/07/2026	Dutch	PDF
Full model	31/12/2024	20/05/2025	13/06/2025	Dutch	PDF
Full model	31/12/2023	21/05/2024	24/06/2024	Dutch	PDF
Full model	31/12/2022	16/05/2023	13/06/2023	Dutch	PDF
Full model	31/12/2021	17/05/2022	14/06/2022	Dutch	PDF
Full model	31/12/2020	18/05/2021	16/06/2021	Dutch	PDF
Full model	31/12/2019	19/05/2020	17/06/2020	Dutch	PDF
Full model	31/12/2018	21/05/2019	12/06/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	09/07/2018	Dutch	PDF
Full model	31/12/2016	16/05/2017	26/06/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	10/06/2016	Dutch	PDF
Full model	31/12/2014	19/05/2015	06/07/2015	Dutch	PDF
Full model	31/12/2013	20/05/2014	19/06/2014	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Erhan Yilmaz	Director20/05/2025 → 07/06/2030
Koen Debackere	Director01/01/2020 → 01/06/2029
LIMBURGSE RECONVERSIE MAATSCHAPPIJ0452.138.972Represented by Tom Vanham	Director22/02/2012 → 01/06/2029
LRM Beheer0440.550.442Represented by Koen Nulens	Director17/06/2014 → 01/06/2029
Toon Vandeurzen	Director16/05/2019 → 01/06/2029
Wim Dries	Director29/03/2018 → 15/05/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Anniek Nagels	Director29/03/2018 → 19/02/2019
Vic Goedseels	Director29/03/2018 → 2020 accounts
BERT LENAERTS	Directorlisted until the 2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates24/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/09/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ALGEMENE VERGADERING
PDF
Mandates24/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/11/2024
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates18/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2023
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

Erhan Yilmaz

LRM Beheer

LIMBURGSE RECONVERSIE MAATSCHAPPIJ

Koen Debackere

Toon Vandeurzen

Wim Dries

Anniek Nagels

Vic Goedseels

Vanhout Projects

BERT LENAERTS

JOZEF KEMPEN

Philip Demot

Show the 2 other mandates

2012201320142015201620172018201920202021202220232024202520262027202820292030

MO-THOR

Thor Park 8300, 3600 GenkStadsplein 1, 3600 Genk

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Thor Park 8300, 3600 GenkCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00250003
Stadsplein 1, 3600 Genk	accounts 2021 → 2023	Accounts 2023 · 2024-00166442

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MO-THORCurrent	accounts 2013 → 2025	Accounts 2025 · 2026-00250003

Events

2025
Annual accounts 2025-1,1 M €↓
2024
Annual accounts 2024-1 M €↓
2023
Annual accounts 2023-328,6 k €↓
2022
Annual accounts 2022-189,5 k €↓
2021
Annual accounts 2021-163,2 k €↑
2020
Annual accounts 2020-185,7 k €↓
2019
Annual accounts 2019-15,4 k €↓
2018
Annual accounts 2018-10,7 k €↑
2017
Annual accounts 2017-33 k €↑
2016
Annual accounts 2016-34 k €↑
2015
Annual accounts 2015-46,5 k €↑
2014
Annual accounts 2014-112,1 k €↑
2013
Annual accounts 2013-170,1 k €
22/02/2012
IncorporationPublic limited company

MO-THOR

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events