Pebble wave
ActiveSummary
Pebble wave has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €2.8m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 2778 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+31
Solvency47▼-6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 0.28 in 2024; short-term debt: 34.6% and cash: 0.9% of total assets), and 77.6% of the assets are financed with debt.
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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 · 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
22.4%
Return on assets
30%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
43 d early
2022
36 d early
2021
49 d early
2020
32 d early
2019
43 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 29 days before 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 26 December (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 company by total assets in Zandhoven, Telecoms and IT sector#1 company by equity in Zandhoven, Telecoms and IT sector
Equity
€2.1m▼ 17.7%
2024 · €2.5m
Total assets
€9.3m▲ 2.1%
2024 · €9.1m
Net result
€2.8m
2024 · -€686,090
Working capital
€1.2m
2024 · -€2.4m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€60,366€78,189-€30,477-€595,320▼ 1,853%-€507,379▲ 14.8%
Net result-€148,879below the sector's middle half▼ 485%-€567,387below the sector's middle half▼ 281%-€325,688below the sector's middle half▲ 42.6%-€686,090below the sector's middle half▼ 111%€2.8mabove the sector's middle half
Equity€872,373above the sector's middle half▲ 619%€304,985within the sector's middle half▼ 65.0%-€20,702below the sector's middle half€2.5mabove the sector's middle half€2.1mabove the sector's middle half▼ 17.7%
Total assets€5.1mabove the sector's middle half▲ 137%€5.1mabove the sector's middle half▼ 0.7%€5.2mabove the sector's middle half▲ 3.4%€9.1mabove the sector's middle half▲ 74.8%€9.3mabove the sector's middle half▲ 2.1%
Debt€4.2m▲ 108%€4.8m▲ 12.6%€5.2m▲ 10.5%€6.6m▲ 25.6%€7.2m▲ 9.8%
Working capital-€3.2mbelow the sector's middle half▼ 91.5%-€2.8mbelow the sector's middle half▲ 13.5%-€3.1mbelow the sector's middle half▼ 9.7%-€2.4mbelow the sector's middle half▲ 22.8%€1.2mabove the sector's middle half
Solvency17.1%below the sector's middle half▲ 11.5pp6.0%below the sector's middle half▼ 11.1pp-0.4%below the sector's middle half▼ 6.4pp27.8%within the sector's middle half▲ 28.2pp22.4%within the sector's middle half▼ 5.4pp
Current ratio0.19below the sector's middle half▲ 0.080.29below the sector's middle half▲ 0.100.22below the sector's middle half▼ 0.070.28below the sector's middle half▲ 0.061.37within the sector's middle half▲ 1.09
Return on assets (ROA)-2.9%below the sector's middle half▼ 1.7pp-11.2%below the sector's middle half▼ 8.3pp-6.2%below the sector's middle half▲ 5.0pp-7.5%below the sector's middle half▼ 1.3pp30.0%above the sector's middle half▲ 37.5pp
Staff (FTE)1below the sector's middle half=0.9below the sector's middle half▼ 10.0%0below the sector's middle half
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €507,379 in 2025 against €595,320 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.3m
Fixed assets
€4.9m ▼ 40.3%
Current assets
€4.4m ▲ 380%
Equity and liabilities €9.3m
Equity
€2.1m ▼ 17.7%
Debt
€7.2m ▲ 9.8%
Debt's share of the balance-sheet total rises from 72.2% to 77.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€507,287
Cash flow
€2.8m
Debt to equity
3.46▲
2024 · 2.59
ROE
133.7%▲
2024 · -27.0%
Interest coverage
-1.91
Debt ≤ 1 year
€3.2m▼
2024 · €3.3m
Debt > 1 year
€2.9m▲
2024 · €2.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €61,140 | €279 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €893 | €9,240 | €11,594 | - | €92 | - |
| Other operating charges640/8 | - | €1,549 | €1,814 | €1,037 | €3,017 | ▲ 191% |
| Non-recurring operating charges66A | - | - | - | €6,562 | €0 | ▼ 100% |
| Gross operating margin9900 | €11,420 | €150,118 | -€16,790 | -€587,721 | -€504,270 | ▲ 14.2% |
| Operating profit (loss)9901 | -€60,366 | €78,189 | -€30,477 | -€595,320 | -€507,379 | ▲ 14.8% |
| Financial income75/76B | - | €59,284 | €101,346 | €189,485 | €3.6m | ▲ 1,786% |
| Recurring financial income75 | €27,176 | €59,284 | €101,346 | €189,485 | €324,546 | ▲ 71.3% |
| Non-recurring financial income76B | - | - | - | - | €3.3m | - |
| Financial charges65/66B | - | €704,652 | €396,558 | €280,255 | €266,105 | ▼ 5.0% |
| Recurring financial charges65 | €115,460 | €161,819 | €181,492 | €280,255 | €266,105 | ▼ 5.0% |
| Non-recurring financial charges66B | - | €542,833 | €215,067 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€148,650 | -€567,179 | -€325,690 | -€686,090 | €2.8m | ▲ 508% |
| Income taxes67/77 | €229 | €209 | -€3 | - | - | - |
| Profit (loss) for the period9904 | -€148,879 | -€567,387 | -€325,688 | -€686,090 | €2.8m | ▲ 508% |
| Profit (loss) for the period to be appropriated9905 | -€148,879 | -€567,387 | -€325,688 | -€686,090 | €2.8m | ▲ 508% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.1m | €5.1m | €5.2m | €9.1m | €9.3m | ▲ 2.1% |
| Fixed assets21/28 | €4.3m | €3.9m | €4.4m | €8.2m | €4.9m | ▼ 40.3% |
| Tangible fixed assets22/27 | €1,528 | €47,082 | €35,488 | - | €2,163 | - |
| Plant, machinery and equipment23 | - | €635 | - | - | - | - |
| Furniture and vehicles24 | - | €46,447 | €35,488 | - | €2,163 | - |
| Financial fixed assets28 | €4.3m | €3.8m | €4.3m | €8.2m | €4.9m | ▼ 40.3% |
| Current assets29/58 | €756,810 | €1.2m | €870,737 | €921,953 | €4.4m | ▲ 380% |
| Amounts receivable within one year40/41 | €105,535 | €204,457 | €85,029 | €353,299 | €4.1m | ▲ 1,058% |
| Trade receivables40 | - | €101,749 | €26,215 | €37,786 | €77,411 | ▲ 105% |
| Other amounts receivable41 | - | €102,708 | €58,815 | €315,513 | €4.0m | ▲ 1,172% |
| Cash at bank and in hand54/58 | €602,145 | €879,629 | €658,725 | €458,708 | €87,145 | ▼ 81.0% |
| Deferred charges and accrued income490/1 | - | €78,862 | €126,983 | €109,947 | €247,523 | ▲ 125% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.1m | €5.1m | €5.2m | €9.1m | €9.3m | ▲ 2.1% |
| Equity10/15 | €872,373 | €304,985 | -€20,702 | €2.5m | €2.1m | ▼ 17.7% |
| Contributions10/11 | - | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Revaluation surpluses12 | - | - | - | €3.3m | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€212,927 | -€780,315 | -€1.1m | -€1.8m | €1.0m | ▲ 156% |
| Amounts payable17/49 | €4.2m | €4.8m | €5.2m | €6.6m | €7.2m | ▲ 9.8% |
| Amounts payable after more than one year17 | - | €417,655 | €755,227 | €2.5m | €2.9m | ▲ 14.0% |
| Financial debts170/4 | - | €417,655 | €755,227 | €2.5m | €2.9m | ▲ 14.0% |
| Amounts payable within one year42/48 | €4.0m | €4.0m | €3.9m | €3.3m | €3.2m | ▼ 1.9% |
| Current portion of amounts payable after more than one year42 | - | €12,265 | €12,428 | €5,227 | €0 | ▼ 100% |
| Trade debts44 | €101,780 | €3,366 | - | €65,895 | €7,094 | ▼ 89.2% |
| Suppliers440/4 | - | €3,366 | - | €65,895 | €7,094 | ▼ 89.2% |
| Taxes, remuneration and social security45 | - | €23,076 | €3,886 | €74 | €133 | ▲ 79.4% |
| Taxes450/3 | - | €16,373 | €3,886 | €74 | €133 | ▲ 79.4% |
| Remuneration and social security454/9 | - | €6,704 | - | - | - | - |
| Other amounts payable47/48 | - | €3.9m | €3.9m | €3.2m | €3.2m | = |
| Accrued charges and deferred income492/3 | - | €371,203 | €551,261 | €802,085 | €1.2m | ▲ 44.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€148,879 | -€567,387 | -€325,688 | -€686,090 | €2.8m | ▲ 508% |
| + Depreciation and write-downs630 | €893 | €9,240 | €11,594 | - | €92 | - |
| Operating cash flow (approximation) | -€147,986 | -€558,147 | -€314,094 | -€686,090 | €2.8m | ▲ 508% |
| Investment in fixed assets (approximation) | - | €431,040 | -€474,915 | -€3.9m | €3.3m | ▲ 186% |
| Change in cash | - | €277,484 | -€220,904 | -€200,017 | -€371,563 | ▼ 85.8% |
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
11-06
State Gazette act
Registered officeRegistered-office move · Related document3 facts ▸
State Gazette act
Registered office
Registered-office move · Related document3 facts ▸
- General meeting, 21-11-2025
- Registered-office move, Goormansstraat 14 A, 2242 Pulderbos
- Related document, 21-11-2025
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €2.8m
Net result €2.8m after 6 loss-making years.
30-06
Financial
Liquidity times 5current ratio 1.37
Current ratio from 0.28 to 1.37; short-term debt falls from €3.3m to €3.2m.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet -€686,090
Net result drops to -€686,090, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €2mEq €2.5m
Equity rises from -€20,702 to €2.5m.
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
26-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Equity above €500,000Eq €872,373 ▲619%
Equity rises from €121,251 to €872,373.
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
30-06
Financial
Equity above €100,000Eq €121,251 ▲283%
Equity rises from €31,696 to €121,251.
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 1 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Zandhoven · 1 establishment unit since 2014
Ground area
6,043 m²
Building footprint
546 m²
Volume, LiDAR
1,890 m³
2 parcels, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pebble
since 20142.234.932.062
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11033B0080/00D000indicative | Flanders | 4,595 m² | 1 · 352 m² | 4.3 m · 1 fl. |
| 11034B0286/00H002 | Flanders | 1,447 m² | 1 · 195 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 6 holdings · 3 subsidiaries in the treeOwners 1
-
42.47%
Holdings 6
-
100%
-
100%
-
50%
-
30%
-
25%
-
14.15%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
2Grow 100%1 subsidiary
- Sales2Grow 100%
According to the annual accounts to 30-06-2025 of Pebble wave 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.
Subsidies and aid
Flemish government
2023 · 1 entry · 233 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 233 EUR |
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Of 16,913 companies in this sector we hold annual accounts for 8,787. 2,598 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded21-08-2014
Fiscal year end30-06
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
82990Other business support services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0560729878
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.