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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % 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
TETHYS KAZAKHSTAN from Vorst, company number BE0843668188, closed financial year 2025 with a result of € -5.1 million after tax. Compared with financial year 2024, the result moved from € -7.2 million to € -5.1 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 4.9 million
▲ € 164.8 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5.1 million
▲ 29 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -165.1 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 25,078
▲ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 34 days on average.
€ 5.1 million
▼ 20% 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 | € -7,834,711 | € -7,192,258 | € -5,113,583 | ▲ € 2.1 million |
| Equity | € -152,733,044 | € -159,925,302 | € 4,853,856 | ▲ € 164.8 million |
| Total debts | € 165,138,301 | € 172,417,352 | € 5,210,728 | ▼ 97% |
| Retained profit | € -152,833,045 | € -160,025,303 | € -165,138,886 | ▼ € 5.1 million |
| Bank debt | € 161,693,710 | € 166,010,800 | € 0 | ▼ 100% |
| Balance sheet total | € 12,405,257 | € 12,492,050 | € 10,064,584 | ▼ 19% |
Key figures of TETHYS KAZAKHSTAN, 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 TETHYS KAZAKHSTAN?
What happened at TETHYS KAZAKHSTAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Luc Neefs stepped down as director. NBB
- Casey MCCANDLESS stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 5.1 million. filed late Source: NBB ↗
- Luc Neefs became a director. NBB
- Casey MCCANDLESS became a director. NBB
- TSS BELGIUM SRL stepped down as director. NBB
- TSS BELGIUM SRL became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 7.8 million loss in 2023 to € 5.1 million loss in 2025.
Paid € 790,682 in corporate taxes since 2023.
Pays suppliers within 34 days on average.
Management
It owns 100% of Kul-Bas LLP, 100% of Tethys Aral Gas LLP, 100% of Tethys Services Kazakhstan LLP, 100% of DMS Services LLP and 100% of Transcontinental Oil Transport itself.
Directors
According to the 2025 annual accounts
Luc Neefs
Director
since 2026 · until 2031
since 2026 · until 2031
Director · represented by Didier Westen
Also active at: RAANESSA, NEDIEL INTERNATIONAL, CHRISTIANIA COMPAGNIE, SALVAC, WILDEWOUD, BYROS, Vulpis, CORYLUS +10 more
since 2020 · until 2026
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.
All companies at this address →KAOLA
€ -12,612 gross margin · 2025
SCHUITEN COPYRIGHT
€ 290,265 gross margin · 2025
WILDEWOUD same network
€ -2,578 gross margin · 2025
Libra - Tax & Accountancy - Brussels
€ 543,473 gross margin · 2025
Simon Nagel Fine Art
€ -31,487 gross margin · 2025
+34 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
- 0843.668.188
- VAT number
- BE 0843.668.188
- Registered office
- Van Volxemlaan 302-304 bus 4, 1190 Vorst
- Names & denominations
- TETHYS KAZAKHSTAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 February 2012
- Peppol
- Not registered