MakeWaves Interactive (0733.952.082): financials and annual accounts

MakeWaves Interactive

Kontich ·KBO/BCE: BE 0733.952.082

Line	2025	2024	2023	2022	2021	2020
Balance sheet: assets
Total assets`20/58`	660,887	357,465	263,995	107,199	124,171	148,578
Fixed assets`21/28`	4,903	3,439	5,519	14,558	22,860	29,935
Intangible fixed assets`21`	-	-	5,159	12,559	19,959	27,359
Tangible fixed assets`22/27`	4,903	3,439	359	1,999	2,901	2,576
Plant, machinery and equipment`23`	4,903	3,439	359	1,999	2,901	2,576
Current assets`29/58`	655,984	354,026	258,477	92,641	101,311	118,642
Amounts receivable within one year`40/41`	587,339	327,582	239,327	84,774	89,464	83,435
Trade receivables`40`	587,209	283,815	239,327	84,774	89,464	70,363
Other amounts receivable`41`	130	43,767	-	-	-	13,072
Cash at bank and in hand`54/58`	47,354	20,733	17,667	5,304	10,220	33,272
Deferred charges and accrued income`490/1`	21,292	5,711	1,483	2,563	1,628	1,936
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	660,887	357,465	263,995	107,199	124,171	148,578
Equity`10/15`	-583,899	-660,801	-186,353	-188,726	-74,182	-43,696
Contributions`10/11`	100,000	100,000	100,000	100,000	100,000	100,000
Capital`10`	100,000	100,000	100,000	100,000	100,000	-
Issued capital`100`	100,000	100,000	100,000	100,000	100,000	100,000
Profit (loss) carried forward`14`	-683,899	-760,801	-286,353	-288,726	-174,182	-143,696
Provisions and deferred taxes`16`	222	-	-	-	-	-
Provisions for liabilities and charges`160/5`	222	-	-	-	-	-
Pensions and similar obligations`160`	222	-	-	-	-	-
Amounts payable`17/49`	1.2m	1.0m	450,348	295,925	198,353	192,274
Amounts payable within one year`42/48`	1.1m	1.0m	450,348	290,885	198,353	192,274
Trade debts`44`	233,321	348,286	172,358	76,364	42,801	85,052
Suppliers`440/4`	233,321	348,286	172,358	76,364	42,801	85,052
Taxes, remuneration and social security`45`	189,008	51,084	22,493	11,833	17,787	391
Taxes`450/3`	103,469	1,379	3,619	4,346	7,386	-
Remuneration and social security`454/9`	85,539	49,705	18,874	7,487	10,400	391
Other amounts payable`47/48`	685,683	618,897	255,498	202,688	137,766	106,831
Accrued charges and deferred income`492/3`	136,551	-	-	5,040	-	-
Income statement
Turnover`70`	2.5m	1.1m	1.0m	366,601	451,115	307,545
Gross operating margin`9900`	944,694	10,568	213,849	12,620	84,376	-118,234
Goods, raw materials, services and sundry goods`60/61`	1.7m	1.2m	824,757	355,480	368,110	425,894
Remuneration, social security and pensions`62`	821,580	453,594	186,641	109,459	99,471	11,439
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	929	5,903	9,039	9,334	9,059	11,028
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	222	-	-	-	-	-
Other operating charges`640/8`	3,175	4,324	1,744	747	873	1,490
Non-recurring operating charges`66A`	-	396	-	-	-	-
Operating profit (loss)`9901`	118,789	-453,648	16,425	-106,920	-25,027	-142,191
Financial income`75/76B`	43	7	1	192	0	-
Recurring financial income`75`	43	7	1	192	0	-
Financial charges`65/66B`	40,599	19,751	13,679	7,669	5,530	1,419
Recurring financial charges`65`	40,599	19,751	13,679	7,669	5,530	1,419
Profit (loss) for the period before taxes`9903`	78,232	-473,392	2,746	-114,398	-30,557	-143,610
Income taxes`67/77`	1,329	1,057	373	146	-72	86
Profit (loss) for the period`9904`	76,903	-474,448	2,373	-114,544	-30,485	-143,696
Profit (loss) for the period to be appropriated`9905`	76,903	-474,448	2,373	-114,544	-30,485	-143,696
Appropriation of the result
Profit (loss) to be appropriated`9906`	-683,899	-760,801	-286,353	-288,726	-174,182	-143,696
Profit (loss) brought forward from the previous period`14P`	-760,801	-286,353	-288,726	-174,182	-143,696	-
Social balance sheet
Average staff (FTE)`9087`	12.4	8	3.4	2.1	2.5	1.3
Hours worked`1013`	18,481	13,466	5,243	3,638	4,028	524
Document	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	28-07-2026	2026-00360448	PDF
31-12-2024	abbreviated format	26-08-2025	2025-00426459	PDF
31-12-2023	abbreviated format	23-07-2024	2024-00290877	PDF
31-12-2022	abbreviated format	26-09-2023	2023-00456367	PDF
31-12-2021	abbreviated format	26-08-2022	2022-20337302	PDF
31-12-2020	abbreviated format	30-08-2021	2021-60200055	PDF

Line	2025	2024	2023	2022	2021	2020
EBITDA	119,717	-447,745	25,464	-97,586	-15,969	-131,163
Cash flow	77,831	-468,546	11,412	-105,210	-21,427	-132,668
Investment in fixed assets (approximation)	2,393	4,288	0	1,032	1,983	39,833
Change in cash	26,621	3,066	12,363	-4,916	-23,052	-
Working capital	-452,028	-664,240	-191,872	-198,244	-97,042	-73,632
EBIT margin	4.7%	-39.8%	1.6%	-29.2%	-5.5%	-46.2%
Solvency	-88.4%	-184.9%	-70.6%	-176.1%	-59.7%	-29.4%
Current ratio	0.59	0.35	0.57	0.32	0.51	0.62
ROA	11.6%	-132.7%	0.9%	-106.9%	-24.6%	-96.7%
Interest coverage	2.95	-22.67	1.86	-12.72	-2.89	-
Customer credit	84 days	91 days	85 days	84 days	72 days	84 days
Supplier credit	50 days	106 days	76 days	78 days	42 days	73 days

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	14	9	5	3	5
full-time	10	8	5	3	3
part-time	4	1	-	-	2
in full-time equivalents	13.3	8.8	5	3	3.4
Average over the year, in full-time equivalents	12.4	8	3.4	2.1	2.5
On a permanent contract	14	9	5	3	3
Joined	7	6	4	12	3
Left	2	2	2	14	0
Training hours	10	121	20	-	12

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€2,392	€4,288	-	€1,032	€1,983
Intangible fixed assets	€1	-	-	-	-
Depreciation and write-downs of the year	€929	€5,903	€9,039	€9,334	€9,059

MakeWaves Interactive

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-88.4%

Current ratio0.59

Return on assets11.6%

Staff

Staff cost per FTE€66,256

Joined and left+5

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on MakeWaves Interactive

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