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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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2026; threshold 65 %.
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Busy address KBO
41 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
Téthys Naval from Etterbeek, company number BE0801551085, closed financial year 2026 with a result of € -33,186 after tax. For that financial year Téthys Naval recorded a gross margin of € -27,687 and equity of € -78,147. Compared with financial year 2025, the result moved from € -49,962 to € -33,186. 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 October 16, 2026.
€ -78,147
▼ € 33,186 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33,186
▲ 34 % less loss than in 2025
Profit after tax over the fiscal year.
€ 1,987
▼ 59% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -83,147.
People and assets in 2026
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 675
▼ 51% vs 2025
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 1,237
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 15,000
Loans from banks and other lenders, long and short.
€ 23,396
▲ € 22,201 vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|
| Gross margin | € -46,035 | € -27,687 | ▲ € 18,348 |
| Profit after taxes | € -49,962 | € -33,186 | ▲ € 16,776 |
| Equity | € -44,962 | € -78,147 | ▼ € 33,186 |
| Total debts | € 53,653 | € 133,766 | ▲ 149% |
| Cash | € 4,852 | € 1,987 | ▼ 59% |
| Retained profit | € -49,962 | € -83,147 | ▼ € 33,186 |
| Bank debt | € 15,000 | € 15,000 | |
| Balance sheet total | € 8,691 | € 55,618 | ▲ € 46,927 |
Key figures of Téthys Naval, fiscal years 2025 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Téthys Naval?
What happened at Téthys Naval in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 33,186. Source: NBB ↗
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
- Philipp Hermes became a director. NBB
In short
From € 49,962 loss in 2025 to € 33,186 loss in 2026.
Management
Behind Téthys Naval is Philipp Hermes.
Directors
According to the 2026 annual accounts
Philipp Hermes
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Sint-Michielslaan 47
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 41 companies are registered at this address.
All companies at this address →E. Fischer et Cie
€ -650 gross margin · 2025
American Chamber of Commerce in Belgium
€ 1.3 million revenue · 2025
AUTONETWORK DEVELOPPEMENT
€ -400 gross margin · 2025
INDIGO
€ 6,166 gross margin · 2025
A.N.F.R.A. SERVICES
€ -3,061 gross margin · 2024
+36 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0801.551.085
- VAT number
- BE 0801.551.085
- Registered office
- Sint-Michielslaan 47, 1040 Etterbeek
- Names & denominations
- Téthys Naval
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 May 2023
- Peppol
- Active · Active since 23 Oct 2025
- Activities · NACE
Overige rechtskundige dienstverlening