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TETHYS KAZAKHSTAN

Active
Public limited companyfounded 2012active for 14 yearsVan Volxemlaan 302-304, 1190 Vorst, BelgiumKBO/BCE: BE 0843.668.188
Summary

The computed 12-month bankruptcy probability of TETHYS KAZAKHSTAN is 3.1% (moderate). The annual accounts of TETHYS KAZAKHSTAN for financial year 2025 show a net loss of 51% of total assets. The 2025 annual accounts show equity of USD 4.9m and a net result of -USD 5.1m. The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
TETHYS KAZAKHSTANActiveChecked score 50/100
Risk analysis ReportCompare

Overview

Official details

Source: KBO
Status
Active since 14-02-2012 Normal situation
Registered office
52 active companies are registered at this address 5 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
No activity registered in the KBO
Establishment unit
2.207.544.806 1190 Vorst, since 13-02-2012
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Board and ownership

Board
Auditor
GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES
Shareholders
  • Tethys Petroleum Limitedannual accounts 2018
Holdings
Shares in 5 companies including DMS Services LLP and Kul-Bas LLP
Board & ownership

Financial position

50 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.1%
Annual accounts 2025
Loss
USD 5.1m
▼ 28.9%
Equity
USD 4.9m
Total assets
USD 10.1m
▼ 19.4%
  • 2025 accounts filed 61 days after the deadline
Filed on 30-09-2026
Financials
Score breakdownraises riskLiquidity: current ratio 0.28Last filed accounts filed 61 days late; 3 of the last 3 accounts late1 change of registered office in 24 monthslowers riskSize: total assets €10.1mShow the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 41% of medium-sized companies without a NACE code
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 73+73
equity 48.2% of total assets
Liquidity 49+1
short-term debt 51.0%
Profitability 0=
return on assets -50.8%
Bankruptcy probability within 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 3.8% 01-2025: 4.1%▲ +0.3 percentage points vs 12-2024 02-2025: 4.1%● unchanged vs 01-2025 03-2025: 3.9%▼ -0.2 percentage points vs 02-2025 04-2025: 3.7%▼ -0.2 percentage points vs 03-2025 05-2025: 3.7%● unchanged vs 04-2025 06-2025: 3.7%● unchanged vs 05-2025 07-2025: 3.4%▼ -0.3 percentage points vs 06-2025 08-2025: 3.6%▲ +0.2 percentage points vs 07-2025 09-2025: 3.6%● unchanged vs 08-2025 10-2025: 4.1%▲ +0.5 percentage points vs 09-2025 11-2025: 4.3%▲ +0.2 percentage points vs 10-2025 12-2025: 5.2%▲ +0.9 percentage points vs 11-2025 01-2026: 4.0%▼ -1.2 percentage points vs 12-2025 02-2026: 4.1%▲ +0.1 percentage points vs 01-2026 03-2026: 4.0%▼ -0.1 percentage points vs 02-2026 04-2026: 3.8%▼ -0.2 percentage points vs 03-2026 05-2026: 3.7%▼ -0.1 percentage points vs 04-2026 06-2026: 3.7%● unchanged vs 05-2026 07-2026: 3.6%▼ -0.1 percentage points vs 06-2026 08-2026: 3.8%▲ +0.2 percentage points vs 07-2026 09-2026: 6.7%▲ +2.9 percentage points vs 08-2026highest value 10-2026: 3.1%▼ -3.6 percentage points vs 09-2026lowest value 11-2026: 3.1%● unchanged vs 10-2026lowest value
No euro credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.28 (0.6 in 2024), below 1. Short-term debt is 51% of total assets. 51.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, medium-sized). It does better than 36% of them on solvency, 31% on liquidity, 2% on profitability and 94% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Liquidity: current ratio 0.28
NBB · annual accounts
lowers risk · Size: total assets €10.1m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Last filed accounts filed 61 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
61 days late
2024
146 days late
2023
100 days late
2022
80 days late
2021
67 days late
2020
156 days late
2019
144 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 108 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 6 loss-making years in a rowloss in financial year 2025 -USD 5.1m View
  • Board changedlatest change 01-07-2026 · 2 in office 1 joined · 1 left View
  • Positive: Result rose in 2025from -USD 7.2m to -USD 5.1m ▲ 28.9% View

Recent changes

  1. · Gazette deed Registered office moved within BruxellesResignation: TSS Belgium BV (director) · Appointment: Luc Neefs (director) · Reappointment: Casey McCandless (director)
  2. · Gazette deed Capital increase of USD 169,892,741 to USD 169,992,742Reappointment: Grant Thornton Reviseurs d'entreprises (statutory auditor)
  3. · Gazette deed Permanent representatives: Didier Westen and Eric Hendrickx
All 17 events

Companies linked to TETHYS KAZAKHSTAN

Key facts about TETHYS KAZAKHSTAN
What is the company number of TETHYS KAZAKHSTAN?
The company number of TETHYS KAZAKHSTAN is 0843.668.188. The VAT number is the same number with BE in front: BE 0843.668.188.
Where is TETHYS KAZAKHSTAN based?
The registered office is at Van Volxemlaan 302-304, 1190 Vorst.Company details
What is the legal form of TETHYS KAZAKHSTAN?
The legal form of TETHYS KAZAKHSTAN is Public limited company (NV).
When was TETHYS KAZAKHSTAN founded?
TETHYS KAZAKHSTAN was founded on 14-02-2012.
Is TETHYS KAZAKHSTAN still active?
Yes, TETHYS KAZAKHSTAN is an active enterprise in the KBO register.
What is the turnover of TETHYS KAZAKHSTAN?
The annual accounts for financial year 2025 state no turnover.Financials
Is TETHYS KAZAKHSTAN profitable?
In financial year 2025, TETHYS KAZAKHSTAN made a loss of USD 5.1m.
Where can I find the annual accounts of TETHYS KAZAKHSTAN?
TETHYS KAZAKHSTAN filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TETHYS KAZAKHSTAN due?
TETHYS KAZAKHSTAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

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