Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TETHYS from Merchtem, company number BE0870912916, closed financial year 2025 with a result of € -65,645 after tax. For that financial year TETHYS recorded a gross margin of € 12,719 and equity of € 113,364. Compared with financial year 2024, the result moved from € -30,071 to € -65,645. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 2, 2026.
€ 113,364
▼ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -65,645
▼ 118 % more loss than in 2024
Profit after tax over the fiscal year.
€ 13,223
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 94,814.
People and assets in 2025
€ 4,956
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 748,267
€ 52,328 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 3,674
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,095
▼ 9% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 94,369 | € 102,281 | € 48,423 | € 12,719 | ▼ 74% |
| Profit after taxes | € -26,443 | € 4,693 | € -30,071 | € -65,645 | ▼ € 35,574 |
| Equity | € 204,961 | € 209,655 | € 179,010 | € 113,364 | ▼ 37% |
| Total debts | € 826,885 | € 847,934 | € 863,642 | € 862,071 | |
| Cash | € 60,314 | € 38,735 | € 60,924 | € 13,223 | ▼ 78% |
| Land & buildings | € 982,806 | € 1,020,805 | € 986,770 | € 952,736 | ▼ 3% |
| Retained profit | € 186,411 | € 191,105 | € 160,460 | € 94,814 | ▼ 41% |
| Bank debt | € 465,838 | € 699,156 | € 749,469 | € 748,267 | |
| Balance sheet total | € 1,068,117 | € 1,091,369 | € 1,075,653 | € 1,007,094 | ▼ 6% |
Key figures of TETHYS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to TETHYS?
What happened at TETHYS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 65,645. filed late Source: NBB ↗
- New establishment in Merchtem. KBO
- KRISTOF LEMAHIEU became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 26,443 loss in 2022 to € 65,645 loss in 2025.
Paid € 11,582 in corporate taxes since 2022.
Best year ever: 2023, with € 4,693 profit.
A new publication or filing at TETHYS? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind TETHYS is KRISTOF LEMAHIEU. KRISTOF LEMAHIEU is also behind STX Finance.
Directors
According to the 2025 annual accounts
since 2005
Establishments
Establishment units
Physical locations of this company
Eeckhoutveldweg 3
1785 Merchtem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0870.912.916
- VAT number
- BE 0870.912.916
- Registered office
- Eeckhoutveldweg 3, 1785 Merchtem
- Names & denominations
- TETHYS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 2004
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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