ADSCALE TECHNOLOGIES
ActiveSummary
ADSCALE TECHNOLOGIES has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72,993 and a net result of €82,704. Its solvency ranks better than 28% of 1,677 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Staff
- 12.7 FTE
- Equity
- €72,993
- Profit
- €82,704
- Parent
- ATHENA VENTURES · 100%
- ATHENA VENTURESDirector
- L’HOOST GeoffroyDirector
Why 88raises riskSize: 12.7 FTE, total assets €483,522Equity €72,993 (15.1% of total assets)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 1.11, cash €175,416Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 62, small): better than 23% on solvency, 51% on liquidity, 85% on profitability and 99% on growth.
The bankruptcy probability was computed on 27-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 7 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Permanent representative: Olivier PénatGazette deed
- Back to profitnet €82,704
Financials · financial year 2025, full format
2024 to 2025, 2 financial years
The operating result returns to profit in 2025: €126,506 after a loss of €10,683 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2025 Staff (FTE) +958% on 2024. The accounts now follow the full format, last year the micro format.
Peer companies
Historical observationOf the 1,602 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,602 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €55,012 | €655,102 | ▲ 12× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,072 | €9,154 | ▲ 754% |
| Other operating charges640/8 | €1,091 | €753 | ▼ 31.0% |
| Gross operating margin9900 | €46,492 | €791,514 | ▲ 17× |
| Operating profit (loss)9901 | -€10,683 | €126,506 | - |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €0 | €9,976 | ▲ 62,352× |
| Recurring financial charges65 | €0 | €9,976 | ▲ 62,352× |
| Profit (loss) for the period before taxes9903 | -€10,683 | €116,530 | - |
| Income taxes67/77 | €27 | €33,826 | ▲ 1,256× |
| Profit (loss) for the period9904 | -€10,710 | €82,704 | - |
| Profit (loss) for the period to be appropriated9905 | -€10,710 | €82,704 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €139,586 | €483,522 | ▲ 246% |
| Fixed assets21/28 | €19,367 | €29,101 | ▲ 50.3% |
| Intangible fixed assets21 | - | €4,570 | - |
| Tangible fixed assets22/27 | €19,367 | €23,131 | ▲ 19.4% |
| Plant, machinery and equipment23 | - | €5,213 | - |
| Furniture and vehicles24 | €19,367 | €17,918 | ▼ 7.5% |
| Financial fixed assets28 | - | €1,400 | - |
| Current assets29/58 | €120,219 | €454,421 | ▲ 278% |
| Amounts receivable within one year40/41 | €100,315 | €263,301 | ▲ 162% |
| Trade receivables40 | €100,315 | €260,794 | ▲ 160% |
| Other amounts receivable41 | - | €2,507 | - |
| Cash at bank and in hand54/58 | €18,503 | €175,416 | ▲ 848% |
| Deferred charges and accrued income490/1 | €1,401 | €15,705 | ▲ 11× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €139,586 | €483,522 | ▲ 246% |
| Equity10/15 | -€9,710 | €72,993 | - |
| Contributions10/11 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€10,710 | €71,993 | - |
| Amounts payable17/49 | €149,296 | €410,529 | ▲ 175% |
| Amounts payable within one year42/48 | €149,296 | €410,529 | ▲ 175% |
| Trade debts44 | €102,025 | €217,399 | ▲ 113% |
| Suppliers440/4 | €102,025 | €217,399 | ▲ 113% |
| Taxes, remuneration and social security45 | €12,271 | €169,161 | ▲ 14× |
| Taxes450/3 | €6,574 | €99,335 | ▲ 15× |
| Remuneration and social security454/9 | €5,697 | €69,826 | ▲ 12× |
| Other amounts payable47/48 | €35,000 | €23,969 | ▼ 31.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€10,710 | €82,704 | - |
| + Depreciation and write-downs630 | €1,072 | €9,154 | ▲ 754% |
| Operating cash flow (approximation) | -€9,638 | €91,857 | - |
| Investment in fixed assets (approximation) | - | -€18,888 | - |
| Change in cash | - | €156,913 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | full format | 28-01-2026 | 2026-00017215 |
| 30-06-2024 | micro format | 21-01-2025 | 2025-00007256 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| L’HOOST Geoffroy |
|
| ATHENA VENTURES |
|
| Olivier PENAT |
|
Owners and capital
Owners
1 ownerChain of control
- ATHENA VENTURES
- ADSCALE TECHNOLOGIES
Highest known parent: ATHENA VENTURES. The sources do not say who stands above it.
Owners 1
- ATHENA VENTURESparent100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- L’HOOST Geoffroy sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 28-06-2023 Incorporation · €1,000 · 100 shares
Group and network
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
History
On 26 June 2023, ADSCALE TECHNOLOGIES was incorporated as a private limited company by one natural person, with a starting capital of €1,000.12 Of the 2 current board members, L’HOOST Geoffroy has served longest, since 2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Acts, filings and financial milestones
22-01
Gazette deed
Permanent representative: Olivier Pénat4 facts ▸
- General meeting, 15-10-2025
- Director in office, ATHENA Ventures SRL (director)
- Permanent representative, Olivier Pénat
- Other provision, “publicité et formalités de la désignation, publication au Moniteur belge via greffe du Tribunal de l'entreprise compétent” (deed in French)
23-05
Gazette deed
Resignation: Olivier Pénat (director)Appointment: ATHENA VENTURES SRL (director) · Declaration8 facts ▸
- General meeting, 02-04-2025
- Director resignation, Olivier Pénat (director)
- Director appointment, ATHENA VENTURES SRL (director)
- Director in office, ERAWAN Conseils SRL (director)
- Director in office, Olivier Pénat (director)
- Director in office, GUITOM SRL (director)
- Director in office, Guillaume Ghyselen (director)
- Declaration, “acceptation_nomination_et_incompatibilité, cas d'incompatibilité prévus par la loi” (deed in French) (2 times)
17-06
Gazette deed
Resignation: Geoffroy L'HOOST (director)Appointment: Olivier Penat (director)3 facts ▸
- General meeting, 29-05-2024
- Director resignation, Geoffroy L'HOOST (director)
- Director appointment, Olivier Penat (director)
28-06
Gazette deed
IncorporationAppointment: L’HOOST Geoffroy (director) · Permanent representative: L’HOOST Geoffroy · Founder14 facts ▸
- Incorporation, “ADSCALE TECHNOLOGIES” (deed in French)
- Founder, L’HOOST Geoffroy
- Other provision, 06-06-2023
- Founding capital, €1,000
- Bank account, 1000, “dépôt des versements” (deed in French)
- Other provision, “attestation de dépôt et mise à disposition”, EUR (deed in French)
- Capital
- General meeting, “conformément à la loi, comparant à l’unanimité” (deed in French)
- Registered office clause, “1180 Uccle,avenue Kersbeek,108” (deed in French)
- Other provision, “communication vers adresse réputée valablement intervenue, info@adscaletech.com” (deed in French)
- Board rule, 1
- Director appointment, L’HOOST Geoffroy (director (not named in the articles))
- +2 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21652E0905/00H000 | Brussels | 8.3 ha | 1 · 1.3 ha | 51.0 m · 3 |
| 21616G0030/00T016 | Brussels | 342 m² | 1 · 99 m² | 13.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ADSCALE TECHNOLOGIES
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, toute communication vers l’adresse électronique par les actionnaires,les titulaires de titres émis et les…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 11 - Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Thursday of October at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision assemblée générale formes modifications statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Administrateurs en fonction désignés liquidateurs en vertu statuts si aucun autre désigné, assemblée générale peut désigner un ou plusieurs…” (deed in French)