Ascensus Specialties
ActiveSummary
The computed 12-month bankruptcy probability of Ascensus Specialties is 1.6% (moderate). The 2024 annual accounts show equity of €1.4m and a net result of -€24,893. Equity is growing by ~41% per year across the filed fiscal years. Its solvency ranks better than 20% of 9046 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability37▼-29
Solvency41▼-50
Growth60▲+6
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.19 against 2.9 in 2023; short-term debt: 83.7% and cash: 2.2% of total assets), and 83.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
16.3%
Return on assets
-0.3%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9046 sector peers (2024).
NBB · sector comparisonPosition among 9046 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
44 d early
2022
35 d early
2021
60 d late
2020
25 d early
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€11.0m▲ 19.1%
2023 · €9.3m
EBIT margin
1.3%▼ 4.0pp
2023 · 5.3%
Net result
-€24,893
2023 · €250,112
Working capital
€1.4m▼ 1.7%
2023 · €1.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€14.6m▲ 15.6%€13.1m▼ 9.8%€14.8m▲ 12.9%€9.3m▼ 37.7%€11.0m▲ 19.1%
Operating result€583,321▲ 127%€604,563▲ 3.6%€686,800▲ 13.6%€490,787▼ 28.5%€146,319▼ 70.2%
Net result€392,166above the sector's middle half▲ 183%€378,747within the sector's middle half▼ 3.4%€423,915within the sector's middle half▲ 11.9%€250,112within the sector's middle half▼ 41.0%-€24,893below the sector's middle half
EBIT margin4.0%▲ 2.0pp4.6%▲ 0.6pp4.6%=5.3%▲ 0.7pp1.3%▼ 4.0pp
Equity€393,564within the sector's middle half▲ 28,048%€772,311within the sector's middle half▲ 96.2%€1.2mwithin the sector's middle half▲ 54.9%€1.4mwithin the sector's middle half▲ 20.9%€1.4mabove the sector's middle half▼ 1.7%
Total assets€5.4mwithin the sector's middle half▼ 7.6%€4.0mwithin the sector's middle half▼ 25.9%€4.9mwithin the sector's middle half▲ 24.0%€2.2mwithin the sector's middle half▼ 55.2%€8.7mabove the sector's middle half▲ 295%
Debt€5.0m▼ 14.4%€3.2m▼ 35.6%€3.7m▲ 16.5%€760,043▼ 79.6%€7.3m▲ 861%
Working capital€462,924▲ 33,009%€841,671▲ 81.8%€1.2m▲ 42.1%€1.4m▲ 20.9%€1.4m▼ 1.7%
Solvency7.3%below the sector's middle half▲ 7.3pp19.4%below the sector's middle half▲ 12.1pp24.3%within the sector's middle half▲ 4.8pp65.6%above the sector's middle half▲ 41.3pp16.3%below the sector's middle half▼ 49.3pp
Staff (FTE)3.2below the sector's middle half▲ 6.7%2.2below the sector's middle half▼ 31.3%2.3below the sector's middle half▲ 4.5%1.8below the sector's middle half▼ 21.7%1.6within the sector's middle half▼ 11.1%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 70% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €8.7m
Equity
€1.4m ▼ 1.7%
Debt
€7.3m ▲ 861%
Debt's share of the balance-sheet total rises from 34.4% to 83.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.19▼
2023 · 2.90
Quick ratio
1.01▼
2023 · 1.23
Debt to equity
5.14▲
2023 · 0.53
ROE
-1.8%▼
2023 · 17.3%
ROA
-0.3%▼
2023 · 11.3%
Debt ≤ 1 year
€7.3m▲
2023 · €760,043
Income taxes
€160,771▲
2023 · €123,527
Staff costs
€700,102▲
2023 · €588,449
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,550 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
3.9%
went bankrupt
3.7%
stopped otherwise
91%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,550 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €13.2m | €14.8m | €9.3m | - | - |
| Turnover70 | €14.6m | €13.1m | €14.8m | €9.3m | €11.0m | ▲ 19.1% |
| Other operating income74 | - | €5,724 | €1,646 | €2,537 | - | - |
| Operating charges60/66A | - | €12.5m | €14.2m | €8.8m | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €10.1m | - |
| Goods for resale, raw materials and consumables60 | - | €9.0m | €10.1m | €5.7m | - | - |
| Purchases600/8 | - | €8.0m | €11.1m | €5.5m | - | - |
| Change in stocks: decrease (increase)609 | - | €1.0m | -€964,799 | €231,860 | - | - |
| Services and other goods61 | - | €2.5m | €3.3m | €2.5m | - | - |
| Remuneration, social security and pensions62 | - | €953,103 | €693,937 | €588,449 | €700,102 | ▲ 19.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,054 | - | €94,941 | - |
| Other operating charges640/8 | - | €144 | - | - | - | - |
| Gross operating margin9900 | - | - | - | - | €941,362 | - |
| Operating profit (loss)9901 | €583,321 | €604,563 | €686,800 | €490,787 | €146,319 | ▼ 70.2% |
| Financial income75/76B | - | €230,029 | €469,358 | €338,769 | €175,747 | ▼ 48.1% |
| Recurring financial income75 | €250,603 | €230,029 | €469,358 | €338,769 | €175,747 | ▼ 48.1% |
| Income from current assets751 | - | €1,361 | - | - | - | - |
| Other financial income752/9 | - | €228,668 | €469,358 | €338,769 | - | - |
| Financial charges65/66B | - | €297,945 | €618,449 | €455,917 | €186,188 | ▼ 59.2% |
| Recurring financial charges65 | €294,294 | €297,945 | €618,449 | €455,917 | €186,188 | ▼ 59.2% |
| Debt charges650 | €11,932 | - | - | - | - | - |
| Other financial charges652/9 | - | €297,945 | €618,449 | €455,917 | - | - |
| Profit (loss) for the period before taxes9903 | €539,631 | €536,647 | €537,709 | €373,639 | €135,878 | ▼ 63.6% |
| Income taxes67/77 | €147,465 | €157,900 | €113,794 | €123,527 | €160,771 | ▲ 30.2% |
| Taxes670/3 | - | €157,900 | €113,794 | €123,527 | - | - |
| Profit (loss) for the period9904 | €392,166 | €378,747 | €423,915 | €250,112 | -€24,893 | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | €392,166 | €378,747 | €423,915 | €250,112 | -€24,893 | ▼ 110% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.4m | €4.0m | €4.9m | €2.2m | €8.7m | ▲ 295% |
| Current assets29/58 | €5.4m | €4.0m | €4.9m | €2.2m | €8.7m | ▲ 295% |
| Stocks and contracts in progress3 | €1.6m | €540,395 | €1.5m | €1.3m | €1.3m | ▲ 4.9% |
| Stocks30/36 | - | €540,395 | €1.5m | €1.3m | €1.3m | ▲ 4.9% |
| Goods purchased for resale34 | - | €540,395 | €1.5m | €1.3m | - | - |
| Amounts receivable within one year40/41 | €2.9m | €2.8m | €2.6m | €820,661 | €7.2m | ▲ 777% |
| Trade receivables40 | - | €2.8m | €2.6m | €798,659 | €1.2m | ▲ 48.8% |
| Other amounts receivable41 | - | €77,822 | €22,598 | €22,002 | €6.0m | ▲ 27,212% |
| Cash at bank and in hand54/58 | €933,839 | €581,006 | €822,894 | €112,386 | €191,825 | ▲ 70.7% |
| Deferred charges and accrued income490/1 | - | €7,025 | €7,025 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.4m | €4.0m | €4.9m | €2.2m | €8.7m | ▲ 295% |
| Equity10/15 | €393,564 | €772,311 | €1.2m | €1.4m | €1.4m | ▼ 1.7% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Profit (loss) carried forward14 | €375,014 | €753,761 | €1.2m | €1.4m | €1.4m | ▼ 1.7% |
| Amounts payable17/49 | €5.0m | €3.2m | €3.7m | €760,043 | €7.3m | ▲ 861% |
| Amounts payable within one year42/48 | €4.9m | €3.1m | €3.7m | €760,043 | €7.3m | ▲ 861% |
| Trade debts44 | €4.2m | €2.6m | €3.2m | €520,925 | €7.2m | ▲ 1,279% |
| Suppliers440/4 | - | €2.6m | €3.2m | €520,925 | €7.2m | ▲ 1,279% |
| Taxes, remuneration and social security45 | - | €346,859 | €336,121 | €104,962 | €120,015 | ▲ 14.3% |
| Taxes450/3 | - | €192,324 | €136,849 | €16,471 | - | - |
| Remuneration and social security454/9 | - | €154,535 | €199,272 | €88,491 | €120,015 | ▲ 35.6% |
| Other amounts payable47/48 | - | €149,079 | €196,634 | €134,156 | - | - |
| Accrued charges and deferred income492/3 | - | €69,360 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €392,166 | €378,747 | €423,915 | €250,112 | -€24,893 | ▼ 110% |
| Operating cash flow (approximation) | €392,166 | €378,747 | €423,915 | €250,112 | -€24,893 | ▼ 110% |
| Change in cash | - | -€352,833 | €241,889 | -€710,508 | €79,439 | ▲ 111% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.90
Current ratio from 1.32 to 2.90; short-term debt falls from €3.7m to €760,043.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €423,915 ▲11.9%
Operating result €686,800, net result €423,915, both a record.
31-12
Financial
Equity above €1mEq €1.2m ▲54.9%
4 profitable years in a row build equity to €1.2m.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
31-12
Financial
Equity above €500,000Eq €772,311 ▲96.2%
3 profitable years in a row build equity to €772,311.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €200,000Eq €393,564 ▲28,048%
2 profitable years in a row build equity to €393,564.
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 11 days late
2019
31-12
Financial
Back to profitnet €138,344
Net result €138,344 after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 1.00
Current ratio from 0.16 to 1.00.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2018
Ground area
1,027 m²
Building footprint
800 m²
Volume, LiDAR
19,374 m³
Parcel 21805E0534/00D000, Brussels · tallest building 44.0 m, ±8 floors. Linked by address, not a title deed.
233
companies at this address
See who is registered here
1 establishment unit
Ascensus Specialties
since 20182.279.080.425
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0534/00D000 | Brussels | 1,027 m² | 1 · 800 m² | 44.0 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,228 companies in sector 46851 we hold annual accounts for 518. 355 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
20590Manufacture of chemicals and chemical products
46851Wholesale of industrial chemicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700966342
Registered
09-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.