Equity
Airwave has made a profit in every financial year since 2020.
Airwave has made a profit in every financial year since 2020.
The result fell in 2025: different schema filed.
The accounts state no turnover.
Short-term debts fell from €1.1m to €391,020.
More equity than 85% of companies in computer programming and consultancy. Sector median €432,608 · 1,691 companies.
The dashed line is the sector median: 0.2% across 1,167 companies (NACE 62, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, small). It does better than 92% of them on solvency, 58% on liquidity, 34% on profitability and 50% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Liquidity is ample, with a current ratio of 2.77 (1.64 in 2024), above the usual 1.5. Short-term debt is 6.8% and cash 0.8% of total assets. 24.8% of the assets are financed with debt and provisions.
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.
The company filed its last 6 accounts on average 22 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Airwave Kontich | - | - | 75.2% | 0 |
| Portomundi Antwerp | - | - | 13.7% | 1 |
| GeoSquare Procurement Edegem | €9.6m | 3.1% | 38.7% | 0 |
| DIRDES Lede | - | - | 45.0% | 0 |
| Kroll Associates Brussels | - | - | -75.3% | 1 |
| XGT Consult Kontich | €17.2m | 2.8% | 66.8% | - |
| Patrick De Vylder Hove | - | - | 16.2% | 0.5 |
These companies have the same main activity as Airwave: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €2.4m and €7.8m, founded between 2013 and 2021.
Airwave has existed since 2019. The gross margin grew from €408,850 in 2020 to €495,422 in 2025.
The gross margin has grown every year since 2022. Solvency rose in 2025 from 64.8% to 75.2% because of the retained profit and lower debts.
GUMPTION holds 51% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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