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nWave Digital

Active
Public limited companyfounded 199333 yrs activeVan Volxemlaan 297, 1190 Vorst, BelgiumKBO/BCE: BE 0449.312.314
Summary

nWave Digital has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.47M and a net result of €65k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 41% of 186 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
59 / 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-6
Solvency50▼-38
Growth22▼-49
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity short (current ratio 0.12 against 2.48 in 2024; short-term debt: 75% and cash: 0% of total assets), and 75.2% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
24.8%
Return on assets
0.6%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
38 d late
2024
37 d early
2023
20 d early
2022
27 d early
2021
44 d early
2020
39 d early
2019
37 d early
← before the deadline after the deadline →
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.
Companies Code · seven months
Position in the running window
24-09-2026 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

Financials · fiscal year 2025, full schema

Turnover
€236k▼ 97.7%
2024 · €10.14M
2018: €6.59M 2019: €6.27M 2020: €1.66M 2021: €836 2022: €10.07M 2024: €10.14M
2018 → 2025
EBIT margin
-17.2%▼ 30.3pp
2024 · 13.1%
2018: 18.9% 2019: 18.3% 2020: 13.7% 2021: 458.1% 2022: 19.2% 2024: 13.1%
2018 → 2025
Net result
€65k▼ 94.0%
2024 · €1.07M
2018: €824k 2019: €815k 2020: €160k 2022: €1.44M 2024: €1.07M
2018 → 2025
Working capital
€-6.58M
2024 · €13.21M
2018: €11.00M 2019: €11.48M 2020: €7.98M 2021: €12.32M 2022: €6.31M 2024: €13.21M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220242025Trend
Turnover€1.66M-€836▼ 99.9%€10.07M▲ 1,204,323%€10.14M▲ 0.7%€236k▼ 97.7%
Equity€12.16M-€12.16M=€13.60M▲ 11.8%€15.52M▲ 14.1%€2.47M▼ 84.1%
Operating result€227k-€4k▼ 98.3%€1.93M▲ 50,420%€1.33M▼ 31.1%€-41k
Net result€160k-€1.44M€1.07M▼ 25.7%€65k▼ 94.0%
Result per fiscal year
Operating resultNet result
€-500k€0€500k€1.00M€1.50M€2.00MOperating result 2020: €227k€227kNet result 2020: €160k€160kOperating result 2021: €4k€4kOperating result 2022: €1.93M€1.93MNet result 2022: €1.44M€1.44MOperating result 2024: €1.33M€1.33MNet result 2024: €1.07M€1.07MOperating result 2025: €-41k€-41kNet result 2025: €65k€65k20202021202220242025€-500k€0€500k€1M€1.5M€2MOperating result 2022: €1.93M€1.9MNet result 2022: €1.44M€1.4MOperating result 2024: €1.33M€1.3MNet result 2024: €1.07M€1.1MOperating result 2025: €-41k€-41kNet result 2025: €65k€65k202220242025
The operating result turns negative in 2025: a loss of €41k after €1.33M in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.95M
Fixed assets €9.07M ▲ 285%
Current assets €877k ▼ 96.0%
Equity and liabilities €9.95M
Equity €2.47M ▼ 84.1%
Debt €7.48M ▼ 16.9%
Debt's share of the balance-sheet total rises from 36.7% to 75.2%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€378k
2024 · €10.41M
Cash flow
€483k
2024 · €10.15M
Current ratio
0.12
2024 · 2.48
Debt to equity
3.03
2024 · 0.58
ROE
2.6%
2024 · 6.9%
ROA
0.6%
2024 · 4.4%
Interest coverage
5.48
2024 · 89.11
Debt ≤ 1 year
€7.46M
2024 · €8.96M
Debt > 1 year
€19k
2024 · €43k
Income taxes
€51k
2024 · €383k
Staff costs
€2.15M
2024 · €2.04M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 71 lines
Balance sheet Code20242025
Assets
Total assets20/58€24.53M€9.95M
Formation expenses20€0€0=
Fixed assets21/28€2.35M€9.07M
Intangible fixed assets21€1.93M€8.84M
Tangible fixed assets22/27€365k€171k
Plant, machinery and equipment23€175k€69k
Furniture and vehicles24€2k€0
Leasing and similar rights25€117k€42k
Other tangible fixed assets26€72k€60k
Financial fixed assets28€62k€62k=
Affiliated companies280/1€62k€62k=
Participating interests280€62k€62k=
Current assets29/58€22.17M€877k
Amounts receivable within one year40/41€21.95M€735k
Trade receivables40€13.68M€236k
Other amounts receivable41€8.27M€499k
Cash at bank and in hand54/58€7k€2k
Deferred charges and accrued income490/1€213k€139k
Equity and liabilities
Total equity and liabilities10/49€24.53M€9.95M
Equity10/15€15.52M€2.47M
Contributions10/11€434k€434k=
Capital10€434k€434k=
Issued capital100€434k€434k=
Reserves13€43k€43k=
Non-distributable reserves130/1€43k€43k=
Legal reserve130€43k€43k=
Profit (loss) carried forward14€15.05M€1.99M
Amounts payable17/49€9.00M€7.48M
Amounts payable after more than one year17€43k€19k
Financial debts170/4€43k€19k
Leasing and similar obligations172€43k€19k
Amounts payable within one year42/48€8.96M€7.46M
Current portion of amounts payable after more than one year42€66k€24k
Trade debts44€4.38M€3.02M
Suppliers440/4€4.38M€3.02M
Taxes, remuneration and social security45€625k€425k
Taxes450/3€386k€36k
Remuneration and social security454/9€239k€389k
Other amounts payable47/48€3.88M€3.99M
Income statement Code20242025
Operating income70/76A€17.18M€7.36M
Turnover70€10.14M€236k
Own construction capitalised72€7.02M€7.12M
Other operating income74€20k€22
Operating charges60/66A€15.85M€7.40M
Goods for resale, raw materials and consumables60€3.24M€1.42M
Purchases600/8€3.24M€1.42M
Services and other goods61€1.47M€3.41M
Remuneration, social security and pensions62€2.04M€2.15M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9.08M€418k
Other operating charges640/8€20k€2k
Operating profit (loss)9901€1.33M€-41k
Financial income75/76B€265k€228k
Recurring financial income75€203k€228k
Income from current assets751€192k€181k
Other financial income752/9€10k€47k
Non-recurring financial income76B€62k-
Financial charges65/66B€144k€71k
Recurring financial charges65€144k€71k
Debt charges650€117k€69k
Other financial charges652/9€27k€2k
Profit (loss) for the period before taxes9903€1.45M€116k
Income taxes67/77€383k€51k
Taxes670/3€387k€438k
Tax adjustments and reversals of tax provisions77€4k€386k
Profit (loss) for the period9904€1.07M€65k
Profit (loss) for the period to be appropriated9905€1.07M€65k
Appropriation of the result
Profit (loss) to be appropriated9906€15.05M€15.11M
Profit (loss) brought forward from the previous period14P€13.98M€15.05M
Profit to be distributed694/7-€13.12M
Return on contributions (dividend)694-€13.12M
Social balance
Average headcount (FTE)908727.928.3

The notes to these accounts (65 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
07-09
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 38 days late
18-08
State Gazette act Reappointment: nWave Studios (director)
Statutes amendment · Capital · Power of attorney7 facts ▸
  • General meeting, 27-04-2026
  • Statutes amendment
  • Statutes amendment
  • Capital, €434.000
  • Director reappointment, nWave Studios (director)
  • Statutes amendment
  • Power of attorney, nWave Digital
2025
31-12
Financial Weakest financial yearnet €65k ▼94%
Net result drops to €65k, the lowest in the series.
24-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
11-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
04-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Highest result since 2018net €1.44M ▲801%
Operating result €1.93M, net result €1.44M, both a record.
17-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
22-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
24-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
19-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts

Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 director, last change in 2022
nWave Studios
Director · since 15-06-2022 · Legal entity
Current
15-06-2022 Mandate renewed as Director
Not every act has been read: a resignation may be missing here
12 of this company's 13 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Vorst · 2 establishment units since 1993
seat establishment All 2 establishment units on the map
Ground area
2,744 m²
Building footprint
530 m²
Volume, LiDAR
3,121 m³
2 parcels, Brussels, Wallonia · tallest building 17.4 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Van Volxemlaan 297, 1190 Vorst
NACE 7440101
since 19932.061.439.248
Rue de Saint Ethon 37, 7181 Seneffe
NACE 7440101
since 20012.061.439.347
2 parcels
Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
52020C0460/00A003 Wallonia 1,889 m² 1 · 216 m² -
21007A0059/00V005 Brussels 855 m² 1 · 314 m² 17.4 m · 3 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Articles of association

Purpose
Tant la conception que la réalisation, la vente et l'exploitation en matière de graphisme et de création artistique; ainsi que la production sous toute forme d'images de synthèse…
Full purpose

Tant la conception que la réalisation, la vente et l'exploitation en matière de graphisme et de création artistique; ainsi que la production sous toute forme d'images de synthèse par assistance informatique en deux et trois dimensions. La société peut créer des agences de publicité et produire des films d'entreprise. Elle peut organiser des événements et créer du design et du packaging. Elle peut faire toutes opérations commerciales, industrielles et financières, immobilières et mobilières, se rapportant directement ou indirectement à son objet ou susceptible de favoriser son développement. La société pourra prendre la direction et le contrôle, en sa qualité d'administrateur, liquidateur autrement de sociétés affiliées ou filiales et leur prodiguer des avis. La société peut, par voie d'apport en espèces ou en nature, de fusion, de souscription, de participation, d'intervention financière ou autrement, prendre des participations dans d'autres sociétés ou entreprises existantes ou à créer, que ce soit en Belgique ou à l'étranger, dont l'objet serait semblable ou analogue au sien ou de nature à favoriser son objet.

Structure & network

Capital and shareholders

Capital over the years
  1. 18-08-2026 Capital stated in the act · 434,000 EUR · 19,850 shares

Similar companies · same sector, comparable size

Of 312 companies in sector 59130 we hold annual accounts for 122. 39 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded26-01-1993
Fiscal year end31-12
Abbreviation FR MOVIDA
Activities, NACEBEL 2025
59113Video and film production, excluding cinema and television films
59130Motion picture, video and television programme production, sound recording and music publishing activities
73110Advertising agencies
90393Specialised image, lighting and sound technical services
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 33 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.