ASCENTWARE
ActiveSummary
ASCENTWARE has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164,865 and a net result of €117,316. Its solvency ranks better than 66% of 39,272 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-03-2024 Normal situation
- Registered office
- 32 active companies are registered at this address 6 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Business and other management consultancy NACE 70200
- Establishment unit
- 2.361.146.185 1140 Evere, since 27-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 19-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €268,851
- ▲ 208%
- Turnover
- ≈ €380,000
- estimated
- Profit
- €117,316
- ▲ 160%
- Equity
- €164,865
- ▲ 247%
- Total assets
- €235,109
- ▲ 202%
- Employees on 31-12-2025
- 2
Score breakdownlowers riskLiquidity: current ratio 3.15, cash €177,500Sector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €235,109Equity €164,865 (70.1% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 66% of them on solvency, 81% on liquidity, 84% on profitability and 96% 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
The company filed its last 2 accounts on average 22 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 10-06-2026 PDF all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is 168% higher than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 2 |
| in full-time equivalents | 2 |
| Average over the year, in full-time equivalents | 1.7 |
| On a permanent contract | 2 |
| Joined | 2 |
| Left | 2 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | - | €28,369 |
| Depreciation and write-downs of the year | - | €5,067 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €30,007 | €109,270 | ▲ 264% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5,067 | - |
| Other operating charges640/8 | €574 | €2,442 | ▲ 326% |
| Gross operating margin9900 | €87,406 | €268,851 | ▲ 208% |
| Operating profit (loss)9901 | €56,826 | €152,071 | ▲ 168% |
| Financial income75/76B | - | €15 | - |
| Recurring financial income75 | - | €15 | - |
| Financial charges65/66B | €73 | €157 | ▲ 115% |
| Recurring financial charges65 | €73 | €157 | ▲ 115% |
| Profit (loss) for the period before taxes9903 | €56,753 | €151,929 | ▲ 168% |
| Income taxes67/77 | €11,704 | €34,613 | ▲ 196% |
| Profit (loss) for the period9904 | €45,049 | €117,316 | ▲ 160% |
| Profit (loss) for the period to be appropriated9905 | €45,049 | €117,316 | ▲ 160% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €77,972 | €235,109 | ▲ 202% |
| Fixed assets21/28 | - | €23,302 | - |
| Tangible fixed assets22/27 | - | €23,302 | - |
| Furniture and vehicles24 | - | €23,302 | - |
| Current assets29/58 | €77,972 | €211,808 | ▲ 172% |
| Amounts receivable within one year40/41 | €25,491 | €33,800 | ▲ 32.6% |
| Trade receivables40 | €25,408 | €33,800 | ▲ 33.0% |
| Other amounts receivable41 | €83 | - | - |
| Cash at bank and in hand54/58 | €52,481 | €177,500 | ▲ 238% |
| Deferred charges and accrued income490/1 | - | €507 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €77,972 | €235,109 | ▲ 202% |
| Equity10/15 | €47,549 | €164,865 | ▲ 247% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €45,049 | €162,365 | ▲ 260% |
| Amounts payable17/49 | €30,423 | €70,244 | ▲ 131% |
| Amounts payable within one year42/48 | €30,423 | €67,212 | ▲ 121% |
| Trade debts44 | €251 | €7,424 | ▲ 30× |
| Suppliers440/4 | €251 | €7,424 | ▲ 30× |
| Taxes, remuneration and social security45 | €30,172 | €58,888 | ▲ 95.2% |
| Taxes450/3 | €28,129 | €40,627 | ▲ 44.4% |
| Remuneration and social security454/9 | €2,042 | €18,260 | ▲ 794% |
| Other amounts payable47/48 | - | €900 | - |
| Accrued charges and deferred income492/3 | - | €3,032 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €45,049 | €117,316 | ▲ 160% |
| + Depreciation and write-downs630 | - | €5,067 | - |
| Operating cash flow (approximation) | €45,049 | €122,383 | ▲ 172% |
| Change in cash | - | €125,019 | - |
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, 39,278 companies had the same profile as ASCENTWARE has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of ASCENTWARE itself is lower: < 0.1% within 12 months. It rests on far more data about ASCENTWARE than the profile alone.
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 39,278 companies, not a prediction for ASCENTWARE. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- DASHNAMOORTHY Raja 100 shares (100%)
Capital transactions
- 29-03-2024 Incorporation · €2,500 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Shashidhara Giriyapura Channaveeraiah |
|
| Raja Dashnamoorthy |
|
Network & group
ASCENTWARE shares no director with another company.
Companies at the same address
31 other companies- Id Alikouche, Sihame (sole trader) Establishment · since 2026 1042826412
- ORIGEN HOLDINGS Registered office · since 2026 1041280647
- Vakani, Utsav (sole trader) Establishment · since 2026 1034050286
- Alves Rosa, Alexandre (sole trader) Establishment · since 2026 1033776609
- Bizimungu, Thierry (sole trader) Establishment · since 2026 1032445333
- LBV Clinique Registered office · since 2025 1031552735
- BlessFlo Registered office · since 2025 1025610296
- Pacheco Vettorato, Stephanie (sole trader) Establishment · since 2025 1034052464
- LeadITSec Registered office · since 2024 1014493504
- Borremans C.M. Registered office · since 2024 1014202504
Connections & network
1 current directorThe network starts from the directors of ASCENTWARE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
06-08
Gazette deed
Resignation: Raja Dashnamoorthy (director)Appointment: Shashidhara Giriyapura Channaveeraiah (director)3 points ▸
- General meeting, 01-08-2026
- Director resignation, Raja Dashnamoorthy (director)
- Director appointment, Shashidhara Giriyapura Channaveeraiah (director)
29-03
Gazette deed
IncorporationStarting capital €2,500 · Appointment: DASHNAMOORTHY Raja (director) · Founder7 points ▸
- Incorporation, 26-03-2024
- Founder, DASHNAMOORTHY Raja
- Founding capital, €2,500
- Bank account, “compte spécial, apports en espèces” (deed in French)
- Director appointment, DASHNAMOORTHY Raja (director (not named in the articles))
- Other provision, “interdiction de gerer, aucune interdiction Belgique ni etranger” (deed in French)
- Other provision, 31-12-2024, “premier exercice social” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 27 March 2024, ASCENTWARE was incorporated as a private limited company by one natural person, with a starting capital of €2,500.12 Shashidhara Giriyapura Channaveeraiah is director of the company, appointed in the act of 06-08-2026.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.4
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21372D0317/00L009 | Brussels | 6,061 m² | 1 · 1,472 m² | 47.0 m · 14 |