CLEAN WAVES
ActiveSummary
CLEAN WAVES has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99,130 and a net result of €20,680. Equity has been growing by about 25% per year since 2018. Its solvency ranks better than 92% of 1,376 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-04-2000 Normal situation
- Activity
- Personal service activities NACE 96101
- Establishment unit
- 2.114.555.953 2800 Mechelen, since 18-10-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 26-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €39,078
- ▲ 11.0%
- Turnover
- ≈ €110,000
- estimated
- Profit
- €20,680
- ▲ 10.6%
- Equity
- €99,130
- ▲ 23.4%
- Total assets
- €113,599
- ▲ 18.9%
Score breakdownlowers riskLiquidity: current ratio 6.61, cash €81,767Equity €99,130 (87.3% of total assets)Founded in 2000Size: total assets €113,599Show 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 96, micro). It does better than 93% of them on solvency, 96% on liquidity, 80% on profitability and 70% 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
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 17-06-2026 at the NBB all 25 filings
Every figure per financial year
The operating result for 2025 is 11% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €2,519 | €4,381 | €353 |
| Depreciation and write-downs of the year | €7,068 | €7,068 | €7,501 | €8,262 | €8,903 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,068 | €7,068 | €7,068 | €7,068 | €7,068 | €7,501 | €8,262 | €8,903 | ▲ 7.8% |
| Other operating charges640/8 | - | - | - | €1,675 | €1,317 | €1,675 | €1,433 | €1,722 | ▲ 20.2% |
| Gross operating margin9900 | €18,427 | €29,921 | €29,706 | €11,950 | €24,631 | €31,156 | €35,213 | €39,078 | ▲ 11.0% |
| Operating profit (loss)9901 | €8,650 | €21,759 | €20,465 | €3,208 | €16,247 | €21,980 | €25,519 | €28,453 | ▲ 11.5% |
| Financial income75/76B | - | - | - | €0 | €20 | - | - | - | - |
| Recurring financial income75 | €29 | €0 | €2 | €0 | €20 | - | - | - | - |
| Financial charges65/66B | - | - | - | €430 | €372 | €41 | €40 | €194 | ▲ 389% |
| Recurring financial charges65 | €2,460 | €858 | €602 | €430 | €372 | €41 | €40 | €194 | ▲ 389% |
| Profit (loss) for the period before taxes9903 | €6,219 | €20,902 | €19,866 | €2,778 | €15,895 | €21,938 | €25,479 | €28,259 | ▲ 10.9% |
| Income taxes67/77 | €7,862 | €8,263 | €5,533 | €204 | €7,614 | €6,636 | €6,777 | €7,579 | ▲ 11.8% |
| Profit (loss) for the period9904 | -€1,643 | €12,639 | €14,333 | €2,573 | €8,280 | €15,302 | €18,702 | €20,680 | ▲ 10.6% |
| Profit (loss) for the period to be appropriated9905 | -€1,643 | €12,639 | €14,333 | €2,573 | €8,280 | €15,302 | €18,702 | €20,680 | ▲ 10.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €89,017 | €90,355 | €89,481 | €78,900 | €88,949 | €83,964 | €95,522 | €113,599 | ▲ 18.9% |
| Fixed assets21/28 | €63,608 | €56,540 | €49,473 | €42,405 | €35,338 | €30,355 | €26,474 | €17,925 | ▼ 32.3% |
| Tangible fixed assets22/27 | €63,608 | €56,540 | €49,473 | €42,405 | €35,338 | €30,355 | €26,474 | €17,925 | ▼ 32.3% |
| Furniture and vehicles24 | - | - | - | €42,405 | €35,338 | €30,355 | €26,474 | €17,925 | ▼ 32.3% |
| Current assets29/58 | €25,410 | €33,814 | €40,008 | €36,495 | €53,612 | €53,609 | €69,048 | €95,674 | ▲ 38.6% |
| Stocks and contracts in progress3 | - | - | - | - | €9,127 | €19,883 | €20,624 | €13,907 | ▼ 32.6% |
| Contracts in progress37 | - | - | - | - | €9,127 | €19,883 | €20,624 | €13,907 | ▼ 32.6% |
| Amounts receivable within one year40/41 | €9,924 | €694 | €118 | €60 | - | €1 | - | - | - |
| Trade receivables40 | - | - | - | €60 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | - | - | €1 | - | - | - |
| Cash at bank and in hand54/58 | €15,486 | €33,121 | €39,890 | €36,434 | €44,485 | €33,724 | €48,424 | €81,767 | ▲ 68.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €89,017 | €90,355 | €89,481 | €78,900 | €88,949 | €83,964 | €95,522 | €113,599 | ▲ 18.9% |
| Equity10/15 | €13,878 | €26,517 | €39,551 | €41,890 | €49,417 | €63,329 | €80,331 | €99,130 | ▲ 23.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Contributions outside capital11 | - | - | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Other1109/19 | - | - | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €7,967 | €7,967 | €20,958 | €23,298 | €30,825 | €44,737 | €61,739 | €80,538 | ▲ 30.5% |
| Non-distributable reserves130/1 | - | - | - | €398 | €398 | €398 | €398 | €398 | = |
| Reserves not available under the articles1311 | - | - | - | €398 | €398 | €398 | €398 | €398 | = |
| Distributable reserves133 | - | - | - | €22,900 | €30,427 | €44,338 | €61,340 | €80,140 | ▲ 30.6% |
| Profit (loss) carried forward14 | -€12,681 | -€42 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €75,139 | €63,838 | €49,930 | €37,010 | €39,532 | €20,635 | €15,191 | €14,469 | ▼ 4.8% |
| Amounts payable after more than one year17 | €23,444 | €16,068 | €8,476 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €51,695 | €47,770 | €41,455 | €37,010 | €39,532 | €20,635 | €15,191 | €14,469 | ▼ 4.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,476 | €661 | - | - | - | - |
| Trade debts44 | - | €1,338 | €1,304 | €1,439 | €1,488 | €1,403 | €1,312 | €1,623 | ▲ 23.7% |
| Suppliers440/4 | - | - | - | €1,439 | €1,488 | €1,403 | €1,312 | €1,623 | ▲ 23.7% |
| Taxes, remuneration and social security45 | - | - | - | €3,417 | €8,266 | €9,982 | €7,531 | €10,986 | ▲ 45.9% |
| Taxes450/3 | - | - | - | €3,417 | €8,266 | €6,649 | €4,150 | €7,677 | ▲ 85.0% |
| Remuneration and social security454/9 | - | - | - | - | - | €3,332 | €3,381 | €3,308 | ▼ 2.1% |
| Other amounts payable47/48 | - | - | - | €23,678 | €29,117 | €9,250 | €6,349 | €1,860 | ▼ 70.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,643 | €12,639 | €14,333 | €2,573 | €8,280 | €15,302 | €18,702 | €20,680 | ▲ 10.6% |
| + Depreciation and write-downs630 | €7,068 | €7,068 | €7,068 | €7,068 | €7,068 | €7,501 | €8,262 | €8,903 | ▲ 7.8% |
| Operating cash flow (approximation) | €5,424 | €19,706 | €21,400 | €9,641 | €15,348 | €22,804 | €26,964 | €29,583 | ▲ 9.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | -€2,519 | -€4,381 | -€353 | ▲ 91.9% |
| Change in cash | - | €17,635 | €6,769 | -€3,456 | €8,050 | -€10,761 | €14,700 | €33,344 | ▲ 127% |
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, 31,368 companies had the same profile as CLEAN WAVES has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CLEAN WAVES itself: < 0.1% 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 31,368 companies, not a prediction for CLEAN WAVES. 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.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-06-2026 | 2026-00190536 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00238575 | |
| 31-12-2023 | micro format | 08-08-2024 | 2024-00351179 | |
| 31-12-2022 | micro format | 07-08-2023 | 2023-00327606 | |
| 31-12-2021 | micro format | 26-07-2022 | 2022-20258324 | |
| 31-12-2020 | micro format | 02-07-2021 | 2021-31700233 | |
| 31-12-2019 | micro format | 22-09-2020 | 2020-54900058 | |
| 31-12-2018 | micro format | 25-06-2019 | 2019-24100507 | |
| 31-12-2017 | micro format | 27-06-2018 | 2018-24200240 | |
| 31-12-2016 | abbreviated format | 25-09-2017 | 2017-62000099 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 13-12-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Werner Reynaerts |
|
| Victor Reynaerts |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Één of meer bestuurders, algemene vergadering bepaalt aantal,duur,bevoegdheid”
Articles of association, deed of 13-12-2023 (in Dutch)
Network & group
Companies at the same address
3 other companiesConnections & network
See the function holders in the KBO register.
Timeline
Acts, filings and financial milestones
13-12
Gazette deed
Resignation: Victor Reynaerts (director)Capital conversion · Reserve release · Amendment of the articles10 points ▸
- General meeting, 04-12-2023
- Other provision, “besloten vennootschap (BV)” (deed in Dutch)
- Other provision, “bestuurders” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “ex-kapitaal en reserve, opheffing” (deed in Dutch)
- Director in office, Werner Reynaerts (director)
- Director resignation, Victor Reynaerts (director)
- Amendment of the articles
- Capital, mentioned 2 times in the deed
- Registered office clause, “Schaliënhoevedreef 1 bus 104 2800 Mechelen, BESLISSING VIER” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
11 activities
- Het uitbaten van een of meer zelfwasserijen, ververijen, nieuw- en droogkuiserijen – industrieel wasserijen.
- Verhuur- en verkoop van industrieel linnen Horeca – onderhoud van linnen.
- En alles wat daarmede gewoonlijk verband houdt, dit alles in de ruimste zin genomen.
- Deze opsomming is niet beperkend doch louter aanhalend.
- De vennootschap mag ter verwezenlijking van haar voorwerp alle roerende en onroerende goederen kopen en verkopen, huren en verhuren, ruilen en in het algemeen alle daden stellen die van burgerlijke, commerciele, industriele of financiele aard zijn en die rechtstreeks of onrechtstreeks verband houden met het voorwerp.
- Aldus mag de vennootschap bijhuizen en agentschappen oprichten en deelnemen in ondernemingen die hetzelfde voorwerp nastreven, zowel in binnen- als in buitenland.
- Ingeval één of meer van voorstaande activiteiten onderworpen is of zou worden aan de voorlegging van bepaalde attesten en getuigschriften, zullen de betrokken activiteiten slechts mogen uitgeoefend worden en opgeno-men in het handelsregister voor zover aan de gestelde vereisten werd voldaan, evenmin mag zolang geen titel terzake gevoerd worden noch vermelding.
- De vennootschap mag verder alle commerciële, industri-ele of financiële handelingen verrichten, welke recht-streeks of onrechtstreeks in verband staan met haar voorwerp, met inbegrip van de onderaanneming in het algemeen en de uitbating van alle intellectuele rechten en indus-triële of commerciële eigendommen die er betrekking op hebben.
- Zij mag alle roerende en onroerende goederen als investe-ring verwerven zelfsals deze noch rechtstreeks noch onrechtstreeks verband houden met het voorwerp van de vennootschap.
- De vennootschap mag het bestuur waarnemen en toezicht en kontrole uitoefenen over alle verbonden vennootschap-pen, met dewelke een of andere band van deelneming be-staat.
- Zij mag bij wijze van inbreng in speciën of in natura, van fusie, inschrijving, deelne-ming, financiële tussenkomst of op een andere wijze, aandeel nemen in alle bestaande of op te richten vennoot-schappen of bedrijven, in België of in het buitenland, waarvan het voorwerp identiek gelijkaardig of verwant is met het hare, of van aard is de uitoefening van haar voorwerp te bevorderen.
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 |
|---|---|---|---|---|
| 12402A0165/00A000 | Flanders | 4,360 m² | 1 · 2,319 m² | 11.8 m · 3 |