nWave Studios
ActiveSummary
nWave Studios has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of -€1,083. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 37% of 188 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-1
Solvency46▲+10
Growth74▲+2
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity short (current ratio 0.45 against 0.74 in 2024; short-term debt: 78.6% and cash: 3.1% of total assets), and 78.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.4%
Return on assets
0%
Age of the figures
9 mo
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 10-09-2026, 41 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 filingsDeviation from the deadline
2025
41 d late
2024
37 d early
2023
20 d early
2022
24 d early
2021
44 d early
2020
22 d early
2019
37 d early
← 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 20 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#4 company by total assets in Vorst, Publishing and media sector#4 company by equity in Vorst, Publishing and media sector#7 oldest company in Vorst, Publishing and media sector
Turnover
€1.6m▲ 19.0%
2024 · €1.3m
EBIT margin
14.7%▲ 3.2pp
2024 · 11.5%
Net result
-€1,083
2024 · €13,368
Working capital
-€5.8m▲ 7.2%
2024 · -€6.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220242025
Turnover€1.7m▲ 107%€1.6m▼ 7.0%€1.1m▼ 34.1%€1.3m-€1.6m▲ 19.0%
Operating result€621,162€553,540▼ 10.9%€265,648▼ 52.0%€151,241-€230,000▲ 52.1%
Net result€522,440€367,428▼ 29.7%€121,853▼ 66.8%€13,368--€1,083
EBIT margin35.6%▲ 36.5pp34.1%▼ 1.5pp24.8%▼ 9.3pp11.5%-14.7%▲ 3.2pp
Equity€2.4m▲ 28.0%€2.8m▲ 15.4%€2.9m▲ 4.4%€2.9m-€2.9m=
Total assets€17.0m▲ 33.8%€14.7m▼ 13.7%€15.8m▲ 7.6%€26.8m-€13.5m▼ 49.8%
Debt€14.6m▲ 34.8%€11.9m▼ 18.4%€12.9m▲ 8.4%€23.9m-€10.6m▼ 55.8%
Working capital-€6.8m▼ 250%-€6.2m▲ 8.3%-€6.0m▲ 2.7%-€6.3m--€5.8m▲ 7.2%
Staff (FTE)4▲ 8.1%4=4.1▲ 2.5%3.8-5.2▲ 36.8%
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 52% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.5m
Fixed assets
€8.7m ▼ 5.0%
Current assets
€4.7m ▼ 73.2%
Equity and liabilities €13.5m
Equity
€2.9m =
Debt
€10.6m ▼ 55.8%
Debt's share of the balance-sheet total falls from 89.2% to 78.6%. Debt is lower.
Key figures and ratios
Current ratio
0.45▼
2024 · 0.74
Debt to equity
3.66▼
2024 · 8.29
ROE
0.0%▼
2024 · 0.5%
ROA
0.0%▼
2024 · 0.0%
Debt ≤ 1 year
€10.6m▼
2024 · €23.9m
Income taxes
€174,338▲
2024 · €5,979
Staff costs
€554,777▲
2024 · €382,951
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €1.6m | €1.1m | €1.3m | €1.6m | ▲ 18.8% |
| Turnover70 | €1.7m | €1.6m | €1.1m | €1.3m | €1.6m | ▲ 19.0% |
| Other operating income74 | - | €5,442 | €5,580 | €3,460 | €1,269 | ▼ 63.3% |
| Operating charges60/66A | - | €1.1m | €809,131 | €1.2m | €1.3m | ▲ 14.4% |
| Goods for resale, raw materials and consumables60 | - | €334,343 | €247,640 | €17,597 | €80,076 | ▲ 355% |
| Purchases600/8 | - | €334,343 | €247,640 | €17,597 | €80,076 | ▲ 355% |
| Services and other goods61 | - | €153,103 | €163,849 | €642,782 | €677,246 | ▲ 5.4% |
| Remuneration, social security and pensions62 | - | €317,627 | €345,288 | €382,951 | €554,777 | ▲ 44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €272,000 | €269,000 | €51,000 | €16,529 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€3,562 | - |
| Other operating charges640/8 | - | €1,320 | €1,354 | €3,928 | €998 | ▼ 74.6% |
| Non-recurring operating charges66A | - | - | - | €101,377 | €23,901 | ▼ 76.4% |
| Operating profit (loss)9901 | €621,162 | €553,540 | €265,648 | €151,241 | €230,000 | ▲ 52.1% |
| Financial income75/76B | - | €11,364 | €48,078 | €794,653 | €14.2m | ▲ 1,683% |
| Recurring financial income75 | €10,316 | €11,364 | €48,078 | €794,653 | €14.2m | ▲ 1,683% |
| Income from financial fixed assets750 | - | - | - | - | €13.1m | - |
| Income from current assets751 | - | €1,951 | €48,078 | €770,670 | €505,489 | ▼ 34.4% |
| Other financial income752/9 | - | €9,413 | - | €23,983 | €545,037 | ▲ 2,173% |
| Financial charges65/66B | - | €57,099 | €139,324 | €926,547 | €14.2m | ▲ 1,436% |
| Recurring financial charges65 | €89,538 | €57,099 | €139,324 | €722,224 | €649,883 | ▼ 10.0% |
| Debt charges650 | €61,246 | €45,337 | €106,283 | €472,532 | €552,722 | ▲ 17.0% |
| Other financial charges652/9 | - | €11,762 | €33,041 | €249,692 | €97,161 | ▼ 61.1% |
| Non-recurring financial charges66B | - | - | - | €204,323 | €13.6m | ▲ 6,545% |
| Profit (loss) for the period before taxes9903 | €541,940 | €507,804 | €174,402 | €19,347 | €173,255 | ▲ 796% |
| Income taxes67/77 | €19,500 | €140,376 | €52,550 | €5,979 | €174,338 | ▲ 2,816% |
| Taxes670/3 | - | €140,376 | €52,550 | €8,385 | €182,723 | ▲ 2,079% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €2,406 | €8,385 | ▲ 249% |
| Profit (loss) for the period9904 | €522,440 | €367,428 | €121,853 | €13,368 | -€1,083 | ▼ 108% |
| Profit (loss) for the period to be appropriated9905 | €522,440 | €367,428 | €121,853 | €13,368 | -€1,083 | ▼ 108% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17.0m | €14.7m | €15.8m | €26.8m | €13.5m | ▼ 49.8% |
| Fixed assets21/28 | €9.3m | €9.0m | €9.4m | €9.2m | €8.7m | ▼ 5.0% |
| Intangible fixed assets21 | €370,529 | €101,529 | €50,529 | €0 | €0 | - |
| Financial fixed assets28 | €8.9m | €8.9m | €9.4m | €9.2m | €8.7m | ▼ 5.0% |
| Affiliated companies280/1 | - | €8.9m | €9.4m | €9.2m | €8.7m | ▼ 5.0% |
| Participating interests280 | - | €8.9m | €9.4m | €9.2m | €8.7m | ▼ 5.0% |
| Other financial fixed assets284/8 | - | - | - | €4,000 | €4,000 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €4,000 | €4,000 | = |
| Current assets29/58 | €7.8m | €5.7m | €6.4m | €17.6m | €4.7m | ▼ 73.2% |
| Amounts receivable within one year40/41 | €7.0m | €5.1m | €5.2m | €16.6m | €3.6m | ▼ 78.6% |
| Trade receivables40 | - | €4.3m | €4.2m | €4.1m | €610,603 | ▼ 85.1% |
| Other amounts receivable41 | - | €770,216 | €990,206 | €12.6m | €3.0m | ▼ 76.5% |
| Current investments50/53 | - | - | €551,253 | €735,004 | €735,004 | = |
| Own shares50 | - | - | €551,253 | €735,004 | €735,004 | = |
| Cash at bank and in hand54/58 | €738,116 | €595,256 | €599,781 | €245,705 | €420,897 | ▲ 71.3% |
| Deferred charges and accrued income490/1 | - | €8,365 | €7,545 | €6,750 | €8,993 | ▲ 33.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17.0m | €14.7m | €15.8m | €26.8m | €13.5m | ▼ 49.8% |
| Equity10/15 | €2.4m | €2.8m | €2.9m | €2.9m | €2.9m | = |
| Contributions10/11 | €561,277 | €637,928 | €637,928 | €637,928 | €637,928 | = |
| Capital10 | - | €561,277 | €561,277 | €561,277 | €561,277 | = |
| Issued capital100 | - | €561,277 | €561,277 | €561,277 | €561,277 | = |
| Outside capital11 | - | €76,651 | €76,651 | €76,651 | €76,651 | = |
| Share premium1100/10 | - | €76,651 | €76,651 | €76,651 | €76,651 | = |
| Reserves13 | €112,228 | €112,228 | €847,232 | €847,232 | €847,232 | = |
| Non-distributable reserves130/1 | - | €112,228 | €847,232 | €847,232 | €847,232 | = |
| Legal reserve130 | - | €112,228 | €112,228 | €112,228 | €112,228 | = |
| Own shares acquired1312 | - | - | €735,004 | €735,004 | €735,004 | = |
| Profit (loss) carried forward14 | €1.6m | €2.0m | €1.4m | €1.4m | €1.4m | ▼ 0.1% |
| Amounts payable17/49 | €14.6m | €11.9m | €12.9m | €23.9m | €10.6m | ▼ 55.8% |
| Amounts payable after more than one year17 | €83,333 | - | €504,990 | - | - | - |
| Financial debts170/4 | - | - | €504,990 | - | - | - |
| Other loans174 | - | - | €504,990 | - | - | - |
| Amounts payable within one year42/48 | €14.5m | €11.9m | €12.4m | €23.9m | €10.6m | ▼ 55.8% |
| Current portion of amounts payable after more than one year42 | - | €83,333 | €495,010 | €101,806 | - | - |
| Financial debts43 | - | €6.5m | €6.6m | €1.3m | €1.2m | ▼ 6.3% |
| Credit institutions430/8 | - | - | - | €282,706 | €201,514 | ▼ 28.7% |
| Other loans439 | - | €6.5m | €6.6m | €1.0m | €1.0m | = |
| Trade debts44 | €4.9m | €5.1m | €5.2m | €4.4m | €108,557 | ▼ 97.5% |
| Suppliers440/4 | - | €5.1m | €5.2m | €4.4m | €108,557 | ▼ 97.5% |
| Taxes, remuneration and social security45 | - | €220,605 | €129,224 | €36,773 | €251,381 | ▲ 584% |
| Taxes450/3 | - | €183,671 | €92,056 | €8,385 | €174,338 | ▲ 1,979% |
| Remuneration and social security454/9 | - | €36,934 | €37,167 | €28,388 | €77,043 | ▲ 171% |
| Other amounts payable47/48 | - | - | - | €18.1m | €9.0m | ▼ 50.3% |
| Accrued charges and deferred income492/3 | - | €21,986 | €10,783 | €2,240 | - | - |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €522,440 | €367,428 | €121,853 | €13,368 | -€1,083 | ▼ 108% |
| + Depreciation and write-downs630 | €272,000 | €269,000 | €51,000 | €16,529 | - | - |
| Operating cash flow (approximation) | €794,440 | €636,428 | €172,853 | €29,897 | -€1,083 | ▼ 104% |
| Investment in fixed assets (approximation) | - | €0 | -€500,000 | - | €457,378 | - |
| Change in cash | - | -€142,859 | €4,524 | - | €175,192 | - |
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
Next filing, fiscal year 2026, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 41 days late
2025
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
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €522,440
Net result €522,440 after 2 loss-making years.
31-12
Financial
Equity above €2mEq €2.4m ▲28%
Equity rises from €1.9m to €2.4m.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€44,135
Net result drops to -€44,135, the lowest in the series; recovery starts the following year.
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 milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 25 acts read
About the unread acts
We know of 25 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
25 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, Vorst · 1 establishment unit since 1990
Ground area
855 m²
Building footprint
117 m²
Volume, LiDAR
1,712 m³
Parcel 21007A0059/00V005, Brussels · tallest building 20.9 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NWAVE STUDIOS
since 19902.050.384.317
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0059/00V005 | Brussels | 855 m² | 1 · 117 m² | 20.9 m · 6 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.
Structure & network
Owners and holdings
3 owners · 3 holdings · 4 subsidiaries in the treeChain of control
- NEXT WAVE, EN ABREGE : NW
- nWave Studios
Highest known parent: NEXT WAVE, EN ABREGE : NW. The sources do not say who stands above it.
Owners 3
-
51%
-
37.02%
-
13%
Holdings 3
-
100%
-
100%
-
100%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- MAGIC IMAGE 100%
nWave Digital 100%1 subsidiary
- MOVIDA WALLONIE 99.96%
- NWAVE PICTURES 100%
According to the 2025 annual accounts of nWave Studios and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
699400FA1SK4Z7HOXX38
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Of 1,319 companies in sector 59111 we hold annual accounts for 687. 120 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-10-1990
Fiscal year end31-12
Activities, NACEBEL 2025
59111Production of cinema films
59113Video and film production, excluding cinema and television films
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441838364
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.