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 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
39 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Transcontinental Oil Transportation from Vorst, company number BE0840752844, closed financial year 2025 with a result of € -720,045 after tax. Compared with financial year 2024, the result moved from € -659,883 to € -720,045. 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 September 30, 2026.
€ -8.8 million
▼ € 720,045 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -720,045
▼ 9 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9.5 million.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 8.2 million
▲ 9% vs 2024
Loans from banks and other lenders, long and short.
€ 4,420
▲ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 142 days on average.
€ 604,090
▲ 13% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Profit after taxes | € -605,461 | € -659,883 | € -720,045 | ▼ € 60,162 |
| Equity | € -7,460,490 | € -8,120,373 | € -8,840,418 | ▼ € 720,045 |
| Total debts | € 7,460,490 | € 8,120,373 | € 8,840,418 | ▲ 9% |
| Retained profit | € -8,135,098 | € -8,794,981 | € -9,515,026 | ▼ € 720,045 |
| Bank debt | € 7,457,030 | € 7,583,148 | € 8,231,908 | ▲ 9% |
Key figures of Transcontinental Oil Transportation, fiscal years 2023 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 Transcontinental Oil Transportation?
What happened at Transcontinental Oil Transportation in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 720,045. filed late Source: NBB ↗
- Casey McCandless became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Vorst. KBO
In short
From € 605,461 loss in 2023 to € 720,045 loss in 2025.
Pays suppliers within 142 days on average.
Management
The stake of TETHYS KAZAKHSTAN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Transcontinental Oil TransportationBehind Transcontinental Oil Transportation is Casey McCandless. The shares are held by TETHYS KAZAKHSTAN (100%). It owns 50% of Aral Oil Terminal LLP FC itself.
Directors
According to the 2025 annual accounts
Casey McCandless
Director
since 2021
Shareholders
100%
Participations
Aral Oil Terminal LLP FC
50%
Establishments
Establishment units
Physical locations of this company
Van Volxemlaan 302-304 box 4
1190 Vorst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 39 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0840.752.844
- VAT number
- BE 0840.752.844
- Registered office
- Van Volxemlaan 302-304 bus 4, 1190 Vorst
- Names & denominations
- Transcontinental Oil Transportation
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 November 2011
- Peppol
- Not registered