HARMONIC WAVES
ActiveSummary
HARMONIC WAVES has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €77,046 and a net result of €47,590. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+24
Solvency82▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.24 against 1.66 in 2023; short-term debt: 41.8% and cash: 20.7% of total assets), and 42.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €77,046
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2025, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d late
2023
292 d late
2022
91 d late
2021
1 d late
2020
26 d late
2019
11 d early
← 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 75 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€77,046▲ 162%
2023 · €29,456
Total assets
€134,270▲ 82.7%
2023 · €73,505
Net result
€47,590▲ 1,097%
2023 · €3,975
Working capital
€69,708▲ 172%
2023 · €25,665
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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
Operating result€27,277€32,023▲ 17.4%€21,930▼ 31.5%€5,552▼ 74.7%€70,193▲ 1,164%
Net result€25,237within the sector's middle half€25,130within the sector's middle half▼ 0.4%€14,718within the sector's middle half▼ 41.4%€3,975within the sector's middle half▼ 73.0%€47,590within the sector's middle half▲ 1,097%
Equity-€14,367below the sector's middle half▲ 63.7%€10,763below the sector's middle half€25,481below the sector's middle half▲ 137%€29,456within the sector's middle half▲ 15.6%€77,046within the sector's middle half▲ 162%
Total assets€72,276within the sector's middle half▼ 9.2%€67,644below the sector's middle half▼ 6.4%€73,629within the sector's middle half▲ 8.8%€73,505within the sector's middle half▼ 0.2%€134,270within the sector's middle half▲ 82.7%
Debt€86,643▼ 27.3%€56,881▼ 34.3%€48,148▼ 15.4%€44,049▼ 8.5%€57,224▲ 29.9%
Working capital-€23,006below the sector's middle half▲ 59.1%€3,092below the sector's middle half€18,515within the sector's middle half▲ 499%€25,665within the sector's middle half▲ 38.6%€69,708within the sector's middle half▲ 172%
Solvency-19.9%below the sector's middle half▲ 29.9pp15.9%below the sector's middle half▲ 35.8pp34.6%within the sector's middle half▲ 18.7pp40.1%within the sector's middle half▲ 5.5pp57.4%within the sector's middle half▲ 17.3pp
Current ratio0.53below the sector's middle half▲ 0.251.10below the sector's middle half▲ 0.571.56within the sector's middle half▲ 0.461.66within the sector's middle half▲ 0.092.24within the sector's middle half▲ 0.59
Return on assets (ROA)34.9%above the sector's middle half▲ 97.5pp37.1%above the sector's middle half▲ 2.2pp20.0%within the sector's middle half▼ 17.2pp5.4%within the sector's middle half▼ 14.6pp35.4%within the sector's middle half▲ 30.0pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,164% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €134,270
Fixed assets
€8,438 ▼ 3.2%
Current assets
€125,832 ▲ 94.2%
Equity and liabilities €134,270
Equity
€77,046 ▲ 162%
Debt
€57,224 ▲ 29.9%
Debt's share of the balance-sheet total falls from 59.9% to 42.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73,544▲
2023 · €21,589
Cash flow
€50,941▲
2023 · €20,011
Debt to equity
0.74▼
2023 · 1.50
ROE
61.8%▲
2023 · 13.5%
Interest coverage
76.41▲
2023 · 20.27
Debt ≤ 1 year
€56,124▲
2023 · €39,119
Debt > 1 year
€0▼
2023 · €3,829
Income taxes
€25,262▲
2023 · €2,098
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 34,679 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,259 | €15,148 | €15,300 | €16,037 | €3,351 | ▼ 79.1% |
| Other operating charges640/8 | - | €3,542 | €2,859 | €1,815 | €810 | ▼ 55.4% |
| Gross operating margin9900 | €43,453 | €50,714 | €40,089 | €23,404 | €74,354 | ▲ 218% |
| Operating profit (loss)9901 | €27,277 | €32,023 | €21,930 | €5,552 | €70,193 | ▲ 1,164% |
| Financial income75/76B | - | €4 | €1,017 | €1,585 | €3,621 | ▲ 128% |
| Recurring financial income75 | €3 | €4 | €1,017 | €1,585 | €3,621 | ▲ 128% |
| Financial charges65/66B | - | €1,410 | €1,341 | €1,065 | €962 | ▼ 9.6% |
| Recurring financial charges65 | €1,397 | €1,410 | €1,341 | €1,065 | €962 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | €25,883 | €30,618 | €21,606 | €6,073 | €72,852 | ▲ 1,100% |
| Income taxes67/77 | €646 | €5,488 | €6,887 | €2,098 | €25,262 | ▲ 1,104% |
| Profit (loss) for the period9904 | €25,237 | €25,130 | €14,718 | €3,975 | €47,590 | ▲ 1,097% |
| Profit (loss) for the period to be appropriated9905 | €25,237 | €25,130 | €14,718 | €3,975 | €47,590 | ▲ 1,097% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72,276 | €67,644 | €73,629 | €73,505 | €134,270 | ▲ 82.7% |
| Fixed assets21/28 | €46,007 | €34,042 | €22,159 | €8,720 | €8,438 | ▼ 3.2% |
| Tangible fixed assets22/27 | €43,007 | €31,042 | €19,159 | €5,720 | €5,438 | ▼ 4.9% |
| Plant, machinery and equipment23 | - | €1,808 | €1,357 | €906 | €604 | ▼ 33.3% |
| Furniture and vehicles24 | - | €29,234 | €17,802 | €4,814 | €4,834 | ▲ 0.4% |
| Financial fixed assets28 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Current assets29/58 | €26,269 | €33,603 | €51,470 | €64,784 | €125,832 | ▲ 94.2% |
| Amounts receivable within one year40/41 | €6,540 | €19,957 | €45,477 | €55,105 | €96,508 | ▲ 75.1% |
| Trade receivables40 | - | €9,443 | €25,779 | €14,304 | €16,093 | ▲ 12.5% |
| Other amounts receivable41 | - | €10,515 | €19,698 | €40,801 | €80,415 | ▲ 97.1% |
| Current investments50/53 | - | - | - | €523 | €180 | ▼ 65.6% |
| Cash at bank and in hand54/58 | €18,704 | €12,524 | €4,864 | €8,010 | €27,784 | ▲ 247% |
| Deferred charges and accrued income490/1 | - | €1,121 | €1,129 | €1,146 | €1,360 | ▲ 18.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72,276 | €67,644 | €73,629 | €73,505 | €134,270 | ▲ 82.7% |
| Equity10/15 | -€14,367 | €10,763 | €25,481 | €29,456 | €77,046 | ▲ 162% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €5,835 | €53,425 | ▲ 816% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €3,975 | €51,565 | ▲ 1,197% |
| Profit (loss) carried forward14 | -€22,427 | €2,703 | €17,421 | €17,421 | €17,421 | = |
| Amounts payable17/49 | €86,643 | €56,881 | €48,148 | €44,049 | €57,224 | ▲ 29.9% |
| Amounts payable after more than one year17 | €37,368 | €26,371 | €15,193 | €3,829 | €0 | ▼ 100% |
| Financial debts170/4 | - | €26,371 | €15,193 | €3,829 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €49,275 | €30,510 | €32,955 | €39,119 | €56,124 | ▲ 43.5% |
| Current portion of amounts payable after more than one year42 | - | €10,997 | €11,178 | €11,363 | €3,829 | ▼ 66.3% |
| Trade debts44 | €7,349 | €6,281 | €2,360 | €5,872 | €963 | ▼ 83.6% |
| Suppliers440/4 | - | €6,281 | €2,360 | €5,872 | €963 | ▼ 83.6% |
| Taxes, remuneration and social security45 | - | €11,789 | €19,120 | €21,466 | €50,918 | ▲ 137% |
| Taxes450/3 | - | €11,789 | €19,120 | €21,466 | €50,918 | ▲ 137% |
| Other amounts payable47/48 | - | €1,444 | €296 | €418 | €413 | ▼ 1.1% |
| Accrued charges and deferred income492/3 | - | - | - | €1,100 | €1,100 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,237 | €25,130 | €14,718 | €3,975 | €47,590 | ▲ 1,097% |
| + Depreciation and write-downs630 | €14,259 | €15,148 | €15,300 | €16,037 | €3,351 | ▼ 79.1% |
| Operating cash flow (approximation) | €39,496 | €40,278 | €30,019 | €20,011 | €50,941 | ▲ 155% |
| Investment in fixed assets (approximation) | - | -€3,183 | -€3,417 | -€2,598 | -€3,069 | ▼ 18.1% |
| Change in cash | - | -€6,180 | -€7,660 | €3,146 | €19,774 | ▲ 528% |
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
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
19-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 292 days late
2024
31-12
Financial
Highest result since 2018net €47,590 ▲1,097%
Operating result €70,193, net result €47,590, both a record.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Liquidity doublescurrent ratio 1.10
Current ratio from 0.53 to 1.10; short-term debt falls from €49,275 to €30,510.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €25,237
Net result €25,237 after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€49,817
Net result drops to -€49,817, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 90 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Rumst · 1 establishment unit since 2011
Ground area
226 m²
Building footprint
134 m²
Volume, LiDAR
684 m³
Parcel 11036B0243/00F003, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Harmonic Waves
since 20112.199.909.916
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11036B0243/00F003 | Flanders | 226 m² | 1 · 134 m² | 9.2 m · 2 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 30,007 companies in sector 62200 we hold annual accounts for 18,400. 15,579 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 (pre-2019)
Founded07-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
Phone
0488685899Rumst
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836784257
Also
9925:BE0836784257
Registered
27-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.