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iConec Wave

Active
Private limited companyfounded 201412 yrs activeRue de l'Etoile 30, 1301 Wavre, BelgiumKBO/BCE: BE 0544.892.847
Summary

iConec Wave has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,126 and a net result of €114,863. Equity is shrinking by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 16% of 2997 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch ReportCompare
iConec WaveActiveChecked score 69/100
Risk analysis ReportCompare

Overview

What they do
Computer programming
NACE 62100NACE 62010IT consultancy NACE 62020
1 site
How big
€500,291total assets 2025
Staff
1 FTE
Equity
€21,126
Profit
€114,863
Financially healthy?
69 Healthy Checked score 2025
Bankruptcy chance 12 m
0.6%
Who decides
Accounts filed 31 d late0 of 5 deeds read
Why 69- Latest accounts 31 days late; 3 of the last 3 late- 1 change of registered office in 24 months+ Sector Computer programming, consultancy and related activities (NACE 62)+ Liquidity: current ratio 1.05, cash €173,724Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 25% of its sector peers (NACE 62, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 29-26
equity 4.2% of total assets
Liquidity 43+8
short-term debt 91.2% · cash 34.7%
Profitability 97-3
return on assets 23.0%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,484 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● 0.0% vs 11-2024lowest value 01-2025: 0.1%● 0.0% vs 12-2024lowest value 02-2025: 0.2%▲ +254% vs 01-2025 03-2025: 0.2%▼ -0.6% vs 02-2025 04-2025: 0.2%▼ -2.8% vs 03-2025 05-2025: 0.2%● 0.0% vs 04-2025 06-2025: 0.2%▼ -0.6% vs 05-2025 07-2025: 0.2%▲ +15.3% vs 06-2025 08-2025: 0.3%▲ +53.6% vs 07-2025 09-2025: 0.4%▲ +23.6% vs 08-2025 10-2025: 0.5%▲ +34.7% vs 09-2025 11-2025: 0.5%▲ +1.6% vs 10-2025 12-2025: 0.5%● 0.0% vs 11-2025 01-2026: 0.5%▼ -0.6% vs 12-2025 02-2026: 0.5%▲ +0.6% vs 01-2026 03-2026: 0.5%▲ +2.2% vs 02-2026 04-2026: 0.5%▼ -4.2% vs 03-2026 05-2026: 0.5%▲ +2.6% vs 04-2026 06-2026: 0.5%▲ +2.5% vs 05-2026 07-2026: 0.6%▲ +13.4% vs 06-2026 08-2026: 0.8%▲ +34.3% vs 07-2026highest value 09-2026: 0.6%▼ -27.2% vs 08-2026 10-2026: 0.6%● 0.0% vs 09-2026
  • Latest accounts 31 days late; 3 of the last 3 late raises the probability
  • 1 change of registered office in 24 months raises the probability
  • Sector Computer programming, consultancy and related activities (NACE 62) lowers the probability
  • Liquidity: current ratio 1.05, cash €173,724 lowers the probability
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.39 in 2024; short-term debt: 91.2% and cash: 34.7% of total assets), and 95.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, micro). Better than this share of them on solvency 12%, liquidity 19%, profitability 62%, growth against the median 7%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Latest accounts 31 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Sector Computer programming, consultancy and related activities (NACE 62)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Liquidity: current ratio 1.05, cash €173,724
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 2997 sector peers (2025).
NBB · sector comparison
Position among 2997 sector peers
Solvency
better than 16%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filings
Deviation from the deadline
2025
31 d late
2024
57 d late
2023
57 d late
2022
28 d late
2021
30 d late
2020
60 d late
2019
84 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 50 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · full…

Key points

  • Caution: Equity fell in 2025from €165,513 to €21,126 ▼ 87.2% View
  • Caution: Among the weakest 17% on solvencysector median 45.9% · 2,997 companies 4.2% View
  • Positive: 8 profitable years in a rowprofit 2025: €114,863 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€500,291
Profit
€114,863
Solvency
4.2%
Total assets▼ 9.6%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 31-08-2026Annual accounts filed
  2. 26-09-2025Annual accounts filed
  3. 26-09-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Computer programmingNACE 62100
Founded
30-01-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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