Ascensus Specialties
ActiveSummary
Ascensus Specialties has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €379,719. Equity has been growing by about 31% per year since 2018. Its solvency ranks better than 22% of 9,848 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-08-2018 Normal situation
- Registered office
- 235 active companies are registered at this address 14 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Wholesale of industrial chemicals NACE 46851and 1 other
- Joint committee
- 207 Paritair Comité voor de bedienden uit de scheikundige nijverheid · annual accounts 2025
- Establishment unit
- 2.279.080.425 1000 Brussel, since 20-08-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 09-03-2026
Board and ownership
Board
- Mario SandovalDirector · since 15-10-2024
- Paul BurlingameDirector · since 15-10-2024
- John RobellaDirector · since 26-08-2025
Shareholders
- Ascensus Specialties LLCconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
Annual accounts 2025
- Turnover
- €10.8m
- ▼ 2.3%
- Profit
- €379,719
- Equity
- €1.9m
- ▲ 33.1%
- Total assets
- €12.5m
- ▲ 43.7%
- Employees on 31-12-2025
- 1
- =
Score breakdownraises riskLiquidity: current ratio 1.21, cash €85,967, halvedEquity €1.9m (15.1% of total assets)lowers riskSize: turnover €10.8m, 1 FTE, total assets €12.5mFigures for financial year 2025 (filed on 16-06-2026)Show the evidence
Checked score
Score 2025
67
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 34% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Weak
Solvency
40-1
equity 15.1% of total assets
Liquidity
6-1
short-term debt 82.4% · cash 0.7%
Profitability
45+8
return on assets 3.0%
Bankruptcy probability within 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025lowest value
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.7%▲ +0.1 percentage points vs 05-2025
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025
08-2025: 0.8%● unchanged vs 07-2025
09-2025: 0.8%● unchanged vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.7%▼ -0.1 percentage points vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.8%▲ +0.1 percentage points vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.9%▲ +0.1 percentage points vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026highest value
10-2026: 0.8%▼ -0.1 percentage points vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.21 (1.19 in 2024), below the usual 1.5. Short-term debt is 82.4% and cash 0.7% of total assets. 84.9% 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 (NACE 46, micro). It does better than 27% of them on solvency, 8% on liquidity, 36% on profitability and 65% on growth.
The bankruptcy probability was computed on 03-11-2026 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9848 sector peers (2025).
NBB · sector comparisonPosition among 9848 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
45 days early
2024
23 days early
2023
44 days early
2022
35 days early
2021
60 days late
2020
25 days early
2019
11 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed 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 26 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 16-06-2026 at the NBB all 8 filings
Turnover
€10.8m▼ 2.3%
2024 · €11.0m
EBIT margin
4.0%▲ 2.7pp
2024 · 1.3%
Net result
€379,719
2024 · -€24,893
Working capital
€2.2m▲ 54.8%
2024 · €1.4m
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€10.8m
▼ 2.3%
2025
20182025
Operating result
€430,926
▲ 195%
2025
20182025
Net result
€379,719
2025
highest quarter of the sector
20182025
EBIT margin
4.0%
▲ 2.7pp
2025
20182025
Equity
€1.9m
▲ 33.1%
2025
highest quarter of the sector
20182025
Total assets
€12.5m
▲ 43.7%
2025
highest quarter of the sector
20182025
Debt
€10.6m
▲ 45.8%
2025
20182025
Working capital
€2.2m
▲ 54.8%
2025
highest quarter of the sector
20182025
Solvency
15.1%
▼ 1.2pp
2025
lowest quarter of the sector
20182025
Current ratio
1.21
▲ 0.02
2025
middle half of the sector
20182025
Return on assets (ROA)
3.0%
▲ 3.3pp
2025
middle half of the sector
20182025
Staff (FTE)
1
▼ 37.5%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€12.6m€14.6m▲ 15.6%€13.1m▼ 9.8%€14.8m▲ 12.9%€9.3m▼ 37.7%€11.0m▲ 19.1%€10.8m▼ 2.3%
Operating result-€0.2m-€0.3m€0.6m▲ 127%€0.6m▲ 3.6%€0.7m▲ 13.6%€0.5m▼ 28.5%€0.1m▼ 70.2%€0.4m▲ 195%
Net result-€0.2m-€0.1m€0.4mwithin the sector's middle half▲ 183%€0.4mwithin the sector's middle half▼ 3.4%€0.4mwithin the sector's middle half▲ 11.9%€0.3mwithin the sector's middle half▼ 41.0%-€0.02mbelow the sector's middle half€0.4mabove the sector's middle half
EBIT margin2.0%4.0%▲ 2.0pp4.6%▲ 0.6pp4.6%=5.3%▲ 0.7pp1.3%▼ 4.0pp4.0%▲ 2.7pp
Equity-€0.1m-€0.001m€0.4mwithin the sector's middle half▲ 281×€0.8mwithin 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%€1.9mabove the sector's middle half▲ 33.1%
Total assets€0.03m-€5.8m▲ 228×€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%€12.5mabove the sector's middle half▲ 43.7%
Debt€0.2m-€5.8m▲ 36×€5.0m▼ 14.4%€3.2m▼ 35.6%€3.7m▲ 16.5%€0.8m▼ 79.6%€7.3m▲ 861%€10.6m▲ 45.8%
Working capital-€0.1m-€0.001m€0.5mwithin the sector's middle half▲ 331×€0.8mwithin the sector's middle half▲ 81.8%€1.2mwithin the sector's middle half▲ 42.1%€1.4mwithin the sector's middle half▲ 20.9%€1.4mabove the sector's middle half▼ 1.7%€2.2mabove the sector's middle half▲ 54.8%
Solvency-538.0%-0.0%▲ 538.0pp7.3%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▼ 49.3pp15.1%below the sector's middle half▼ 1.2pp
Current ratio0.16-1.00▲ 0.841.09below the sector's middle half▲ 0.091.27within the sector's middle half▲ 0.171.32within the sector's middle half▲ 0.052.90above the sector's middle half▲ 1.581.19within the sector's middle half▼ 1.711.21within the sector's middle half▲ 0.02
Return on assets (ROA)-610.8%-2.4%▲ 613.2pp7.3%within the sector's middle half▲ 4.9pp9.5%within the sector's middle half▲ 2.2pp8.6%within the sector's middle half▼ 0.9pp11.3%above the sector's middle half▲ 2.7pp-0.3%below the sector's middle half▼ 11.6pp3.0%within the sector's middle half▲ 3.3pp
Staff (FTE)0.3-3▲ 900%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%1within the sector's middle half▼ 37.5%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 195% higher than in 2024. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €12.5m
Equity
€1.9m ▲ 33.1%
Debt
€10.6m ▲ 45.8%
Debt's share of the balance-sheet total rises from 83.7% to 84.9%. Equity and debt are higher.
Key figures and ratios
Quick ratio
1.14▲
2024 · 1.01
Debt to equity
5.63▲
2024 · 5.14
ROE
20.1%▲
2024 · -1.8%
Debt ≤ 1 year
€10.3m▲
2024 · €7.3m
Income taxes
€10,700▼
2024 · €160,771
Customer credit
396 days▲
2024 · 39 days
Supplier credit
375 days▲
2024 · 260 days
Staff costs
€382,652▼
2024 · €700,102
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 1 | 1 |
| full-time | 2 | 2 | 2 | 1 | 1 |
| part-time | - | - | - | 0 | 0 |
| in full-time equivalents | 2 | 2 | 2 | 1 | 1 |
| Average over the year, in full-time equivalents | 2.2 | 2.3 | 1.8 | 1.6 | 1 |
| On a permanent contract | 2 | 2 | 2 | 1 | 1 |
| Joined | 1 | 1 | 1 | 0 | 0 |
| Left | 1 | 1 | 0 | 1 | 0 |
| Training hours | - | - | - | 0 | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Auditor
The auditor is Forvis Mazars Réviseurs d’Entreprises.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €21,500 | €23,725 | €24,405 | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €13.2m | €14.8m | €9.3m | - | - | - |
| Turnover70 | - | €12.6m | €14.6m | €13.1m | €14.8m | €9.3m | €11.0m | €10.8m | ▼ 2.3% |
| Other operating income74 | - | - | - | €0.006m | €0.002m | €0.003m | - | - | - |
| Operating charges60/66A | - | - | - | €12.5m | €14.2m | €8.8m | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €10.1m | €10.0m | ▼ 1.3% |
| 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 | -€1.0m | €0.2m | - | - | - |
| Services and other goods61 | - | - | - | €2.5m | €3.3m | €2.5m | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €1.0m | €0.7m | €0.6m | €0.7m | €0.4m | ▼ 45.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.001m | - | €0.09m | - | - |
| Other operating charges640/8 | - | - | - | €144 | - | - | - | - | - |
| Gross operating margin9900 | - | - | - | - | - | - | €0.9m | €0.8m | ▼ 13.6% |
| Operating profit (loss)9901 | -€0.2m | €0.3m | €0.6m | €0.6m | €0.7m | €0.5m | €0.1m | €0.4m | ▲ 195% |
| Financial income75/76B | - | - | - | €0.2m | €0.5m | €0.3m | €0.2m | €0.6m | ▲ 236% |
| Recurring financial income75 | - | €0.1m | €0.3m | €0.2m | €0.5m | €0.3m | €0.2m | €0.6m | ▲ 236% |
| Income from current assets751 | - | - | - | €0.001m | - | - | - | - | - |
| Other financial income752/9 | - | - | - | €0.2m | €0.5m | €0.3m | - | - | - |
| Financial charges65/66B | - | - | - | €0.3m | €0.6m | €0.5m | €0.2m | €0.6m | ▲ 239% |
| Recurring financial charges65 | €0.001m | €0.2m | €0.3m | €0.3m | €0.6m | €0.5m | €0.2m | €0.6m | ▲ 239% |
| Debt charges650 | €294 | - | €0.01m | - | - | - | - | - | - |
| Other financial charges652/9 | - | - | - | €0.3m | €0.6m | €0.5m | - | - | - |
| Profit (loss) for the period before taxes9903 | -€0.2m | €0.2m | €0.5m | €0.5m | €0.5m | €0.4m | €0.1m | €0.4m | ▲ 187% |
| Income taxes67/77 | - | €0.05m | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | €0.01m | ▼ 93.3% |
| Taxes670/3 | - | - | - | €0.2m | €0.1m | €0.1m | - | - | - |
| Profit (loss) for the period9904 | -€0.2m | €0.1m | €0.4m | €0.4m | €0.4m | €0.3m | -€0.02m | €0.4m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.2m | €0.1m | €0.4m | €0.4m | €0.4m | €0.3m | -€0.02m | €0.4m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.03m | €5.8m | €5.4m | €4.0m | €4.9m | €2.2m | €8.7m | €12.5m | ▲ 43.7% |
| Current assets29/58 | €0.03m | €5.8m | €5.4m | €4.0m | €4.9m | €2.2m | €8.7m | €12.5m | ▲ 43.7% |
| Stocks and contracts in progress3 | - | €1.8m | €1.6m | €0.5m | €1.5m | €1.3m | €1.3m | €0.7m | ▼ 46.5% |
| Stocks30/36 | - | - | - | €0.5m | €1.5m | €1.3m | €1.3m | €0.7m | ▼ 46.5% |
| Goods purchased for resale34 | - | - | - | €0.5m | €1.5m | €1.3m | - | - | - |
| Amounts receivable within one year40/41 | €0.003m | €3.0m | €2.9m | €2.8m | €2.6m | €0.8m | €7.2m | €11.7m | ▲ 63.1% |
| Trade receivables40 | - | - | - | €2.8m | €2.6m | €0.8m | €1.2m | €11.7m | ▲ 883% |
| Other amounts receivable41 | - | - | - | €0.08m | €0.02m | €0.02m | €6.0m | €0.06m | ▼ 99.1% |
| Cash at bank and in hand54/58 | €0.02m | €1.0m | €0.9m | €0.6m | €0.8m | €0.1m | €0.2m | €0.09m | ▼ 55.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.007m | €0.007m | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.03m | €5.8m | €5.4m | €4.0m | €4.9m | €2.2m | €8.7m | €12.5m | ▲ 43.7% |
| Equity10/15 | -€0.1m | €0.001m | €0.4m | €0.8m | €1.2m | €1.4m | €1.4m | €1.9m | ▲ 33.1% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.02m | €0.4m | €0.8m | €1.2m | €1.4m | €1.4m | €1.9m | ▲ 33.6% |
| Amounts payable17/49 | €0.2m | €5.8m | €5.0m | €3.2m | €3.7m | €0.8m | €7.3m | €10.6m | ▲ 45.8% |
| Amounts payable within one year42/48 | €0.2m | €5.8m | €4.9m | €3.1m | €3.7m | €0.8m | €7.3m | €10.3m | ▲ 41.5% |
| Trade debts44 | €0.02m | €5.0m | €4.2m | €2.6m | €3.2m | €0.5m | €7.2m | €10.2m | ▲ 42.5% |
| Suppliers440/4 | - | - | - | €2.6m | €3.2m | €0.5m | €7.2m | €10.2m | ▲ 42.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.3m | €0.1m | €0.1m | €0.1m | ▼ 16.3% |
| Taxes450/3 | - | - | - | €0.2m | €0.1m | €0.02m | - | - | - |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.09m | €0.1m | €0.1m | ▼ 16.3% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.2m | €0.1m | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.07m | - | - | - | €0.3m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.2m | €0.1m | €0.4m | €0.4m | €0.4m | €0.3m | -€0.02m | €0.4m | - |
| Operating cash flow (approximation) | -€0.2m | €0.1m | €0.4m | €0.4m | €0.4m | €0.3m | -€0.02m | €0.4m | - |
| Change in cash | - | €1.0m | -€0.1m | -€0.4m | €0.2m | -€0.7m | €0.08m | -€0.1m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,274 companies had the same profile as Ascensus Specialties has now. Two years later, 94.7% were still going and 2.5% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
94.7%
was still going
2.5%
stopped otherwise
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Ascensus Specialties itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,274 companies, not a prediction for Ascensus Specialties. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-06-2026 | 2026-00165227 | |
| 31-12-2024 | abbreviated format | 08-07-2025 | 2025-00246168 | |
| 31-12-2023 | full format | 17-06-2024 | 2024-00151550 | |
| 31-12-2022 | full format | 26-06-2023 | 2023-00165375 | |
| 31-12-2021 | full format | 29-09-2022 | 2022-20440365 | |
| 31-12-2020 | full format | 06-07-2021 | 2021-32400269 | |
| 31-12-2019 | full format | 11-08-2020 | 2020-40300599 | |
| 31-12-2018 | full format | 29-08-2019 | 2019-56800353 |
Board & ownership
Directors
Directors
3 directors, last change in 2025
Board 3
Mario Sandoval
Current
Director · since 15-10-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 16-06-2026
Paul Burlingame
Current
Director · since 15-10-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 16-06-2026
John Robella
Current
Director · since 26-08-2025 · term without a fixed end · listed in the 2025 annual accounts, filed on 16-06-2026
Statutory auditor 1
Forvis Mazars Réviseurs d’Entreprises
Current
Statutory auditor · appointed in the act of 25-11-2024 · permanent representative: Dirk Stragier
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 08-09-2025Owners and capital
Shareholders
1 ownerChain of control
- Ascensus Specialties LLCUS
- Ascensus Specialties
Owners 1
- Ascensus Specialties LLCUSconsolidating parentconsolidates
Capital transactions
Capital over time
- 29-02-2024 Converted to available equity
Mandate history
10 people, 4 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Mario Sandoval |
|
| Paul Burlingame |
|
| John Robella |
|
| Forvis Mazars Réviseurs d’Entreprises |
|
| Walter Keller |
|
| Olivier Loeillot |
|
| Cathy Yang |
|
| Craig Wien |
|
| Michael Huff |
|
| Mark Valentino |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Alle machten genoemd in artikel 2:87 Wetboek van vennootschappen en verenigingen zonder bijzondere machtiging, algemene vergadering kan te…”
Articles of association, deed of 29-02-2024 (in Dutch)
Network & group
Companies at the same address
234 other companies- Pollard Digital Solutions Registered office · since 2026 1044383855
- Revolution Medicines Belgium Registered office · since 2026 1043727720
- Brabo Group Investments Registered office · since 2026 1042714069
- Brabo Infrastructure Registered office · since 2026 1042615089
- Brabo Investments Registered office · since 2026 1042464938
- RELF II Belgium GP Registered office · since 2026 1039229690
- Arabian Oud Belgium Registered office · since 2026 1038339270
- Lotus MedTec Belgium Registered office · since 2026 1032008041
- LSF12 Pillar Investments (Belgium) Registered office · since 2026 1036923169
- Arraiza Shakirova, Marina (sole trader) Establishment · since 2026 1037067085
Connections & network
3 current directorsThe network starts from the directors of Ascensus Specialties. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
16-06
abbreviated format · 45 days before the deadline
2025
31-12
Financial
Back to profitnet €379,719
The net result is €379,719, after one loss-making year.
08-09
Gazette deed
Appointment: John Robella (director)2 points ▸
Gazette deed
Appointment: John Robella (director)
2 points ▸
- General meeting, 26-08-2025
- Director appointment, John Robella (director)
08-07
abbreviated format · 23 days before the deadline
2024
25-11
Gazette deed
Appointment: Forvis Mazars Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Dirk Stragier3 points ▸
Gazette deed
Appointment: Forvis Mazars Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Dirk Stragier3 points ▸
- General meeting, 31-10-2024
- Auditor appointment, Forvis Mazars Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Dirk Stragier
29-10
Gazette deed
2 directors appointed, 1 director resigningResignation: Walter Keller (director) · Appointments: Paul Burlingame (director) and Mario Sandoval (director) · Director discharge5 points ▸
Gazette deed
2 directors appointed, 1 director resigning
Resignation: Walter Keller (director) · Appointments: Paul Burlingame (director) and Mario Sandoval (director) · Director discharge5 points ▸
- General meeting, 15-10-2024
- Director resignation, Walter Keller (director)
- Director discharge, Walter Keller
- Director appointment, Paul Burlingame (director)
- Director appointment, Mario Sandoval (director)
17-06
full format · 44 days before the deadline
29-02
Gazette deed
Amendment of the articles · Legal-form changeCapital conversion7 points ▸
Gazette deed
Amendment of the articles · Legal-form change
Capital conversion7 points ▸
- General meeting, “buitengewone algemene vergadering, 1000 Brussel,Marnixlaan 23” (deed in Dutch)
- Capital conversion, “beschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Other provision, “volmacht voor de coördinatie, DERDE BESLISSING” (deed in Dutch)
- Other provision, “machten aan het bestuursorgaan, VIERDE BESLISSING” (deed in Dutch)
- Other provision, “uitreiking vóór registratie, artikel 173,1° bis Wetboek registratierechten” (deed in Dutch)
- Other provision, “vergoeding voor inbrengen, inbrengen-aandelen” (deed in Dutch)
2023
31-12
Financial
Liquidity more than doubledcurrent ratio 2.90
The current ratio rises from 1.32 to 2.90. Short-term debt falls from €3.7m to €760,043.
22-08
Gazette deed
Resignation: Olivier Loeillot (director)3 points ▸
Gazette deed
Resignation: Olivier Loeillot (director)
3 points ▸
- General meeting, 01-08-2023
- Director resignation, Olivier Loeillot (director)
- Other provision, “bedanking bestuurder, inzet en betrokkenheid tijdens uitoefening mandaat” (deed in Dutch)
26-06
full format · 35 days before the deadline
20-06
Gazette deed
Resignation: Cathy Yang (director)Appointment: Walter Keller (director) · Director discharge5 points ▸
Gazette deed
Resignation: Cathy Yang (director)
Appointment: Walter Keller (director) · Director discharge5 points ▸
- General meeting, 09-05-2023
- Director resignation, Cathy Yang (director)
- Director discharge, Cathy Yang
- Other provision, “bedanking bestuurder voor inzet en betrokkenheid tijdens uitoefening mandaat” (deed in Dutch)
- Director appointment, Walter Keller (director)
Show earlier events
10-01
Gazette deed
2 directors appointed, 2 directors resigningResignations: Craig Wien (director) and Michael Huff (director) · Appointments: Cathy Yang (director) and Olivier Loeillot (director)7 points ▸
Gazette deed
2 directors appointed, 2 directors resigning
Resignations: Craig Wien (director) and Michael Huff (director) · Appointments: Cathy Yang (director) and Olivier Loeillot (director)7 points ▸
- General meeting, 01-01-2023
- Director resignation, Craig Wien (director)
- Director resignation, Michael Huff (director)
- Other provision, “bedanking ontslagnemende bestuurders, inzet en betrokkenheid tijdens uitoefening mandaat” (deed in Dutch)
- Other provision, “definitieve kwijting ontslagnemende bestuurders, sinds begin lopende boekjaar tot datum ontslag” (deed in Dutch)
- Director appointment, Cathy Yang (director)
- Director appointment, Olivier Loeillot (director)
2022
31-12
Financial
Highest result from 2018 to 2025net €423,915 ▲11.9%
The operating result of €686,800 and the net result of €423,915 are both a record.
31-12
Financial
Equity above €1mequity €1.2m ▲54.9%
After 4 profitable years in a row, equity reaches €1.2m.
21-11
Gazette deed
Permanent representative: Ignace Robberechts3 points ▸
Gazette deed
Permanent representative: Ignace Robberechts
3 points ▸
- General meeting, 14-10-2022
- Permanent representative, Ignace Robberechts (vaste vertegenwoordiger van de commissaris)
- Other provision, “commissaris, commissaris” (deed in Dutch)
29-09
full format · 60 days late
13-07
Gazette deed
Resignation: Mark Valentino (director)Appointment: Craig Wien (director) · Director discharge4 points ▸
Gazette deed
Resignation: Mark Valentino (director)
Appointment: Craig Wien (director) · Director discharge4 points ▸
- General meeting, 30-06-2022
- Director resignation, Mark Valentino (director)
- Director discharge, Mark Valentino (director)
- Director appointment, Craig Wien (director)
13-05
Gazette deed
Resignation: Craig Wien (director)Appointment: Mark Valentino (director) · Director discharge4 points ▸
Gazette deed
Resignation: Craig Wien (director)
Appointment: Mark Valentino (director) · Director discharge4 points ▸
- General meeting, 04-05-2022
- Director resignation, Craig Wien (director)
- Director discharge, Craig Wien
- Director appointment, Mark Valentino (director)
2021
31-12
Financial
Equity above €500,000equity €772,311 ▲96.2%
After 3 profitable years in a row, equity reaches €772,311.
06-07
full format · 25 days before the deadline
2020
31-12
Financial
Equity above €200,000equity €393,564 ▲28,048%
After 2 profitable years in a row, equity reaches €393,564.
11-08
full format · 11 days late
2019
31-12
Financial
Back to profitnet €138,344
The net result is €138,344, after one loss-making year.
31-12
Financial
Liquidity more than 6 timescurrent ratio 1.00
The current ratio rises from 0.16 to 1.00.
29-08
full format · 29 days late
2018
22-08
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Ascensus Specialties in Dutch
Enterprise number
0700.966.342
Legal form
Private limited company
Status
Active, normale toestand
Founded
20-08-2018
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-02-2024 (in Dutch)Name clauseThe company operates under this name according to its articles.
Ascensus Specialties
deed of 29-02-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Brussels Gewest”
deed of 29-02-2024 (in Dutch)Registered office and establishments
Registered office
Marnixlaan 23, 1000 Brussel, Belgium
Establishment unit
Ascensus Specialties, Marnixlaan 23, 1000 Brussel since 20-08-2018 · unit number 2.279.080.425
Activities
NACEBEL 2025VAT activities
46851
Wholesale of industrial chemicals main activity
Social security (RSZ) activities
20590
Manufacture of chemicals and chemical products main activity
Codes under NACEBEL 2008
VAT activities
46751
Wholesale trade main activity
Social security (RSZ) activities
20590
Manufacture of chemicals and chemical products main activity
Joint committee
207 Paritair Comité voor de bedienden uit de scheikundige nijverheid annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 29-02-2024 (in Dutch)
“De aankoop, verkoop, import, export en ontwikkeling van chemicaliën en verwante producten; Onderzoek en ontwikkeling met betrekking tot…”
3 activities
- De aankoop, verkoop, import, export en ontwikkeling van chemicaliën en verwante producten;
- Onderzoek en ontwikkeling met betrekking tot chemicaliën en verwante producten;
- Aanbieden van technologische, intellectuele en operationele diensten met betrekking tot chemicaliën en verwanten producten, met inbegrip van (maar niet beperkt tot) ingenieurswerk, ontwikkeling van commerciële opportuniteiten voor gespecialiseerde chemicaliën geproduceerd door Ascensus Specialties LLC, en de aanwerving van verkoop- en technische ondersteunend personeel in Europa.
Invoicing and payment
VAT number
BE 0700.966.342
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Wednesday of June at 10:00
deed of 29-02-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
1,027 m²
Building footprint
800 m²
Building volume
19,374 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21805E0534/00D000 | Brussels | 1,027 m² | 1 · 800 m² | 44.0 m · 8 |