Summary
Sendwave is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €2.2m and a net result of €618,816. Equity is growing by ~33.2% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
32 d early
2024
34 d early
2023
29 d early
2022
81 d late
2021
50 d late
2020
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 3 July (4 of the last 5 filed years within 78 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Equity
€2.2m▲ 39.2%
2023 · €1.6m
Net result
€618,816▲ 210%
2023 · €199,900
Total assets
€22.8m▲ 23.0%
2023 · €18.5m
Solvency
9.6%▲ 1.1pp
2023 · 8.5%
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 64, Financial service activities, except insurance and pension funding, 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
Line20202021202220232024
Turnover€20.0m
Operating result-€129,728-€117,814€662,847▲ 463%€300,821▼ 54.6%-€5.4m
Net result€31,621within the sector's middle half--€147,205below the sector's middle half€94,110within the sector's middle half€199,900within the sector's middle half▲ 112%€618,816within the sector's middle half▲ 210%
Equity€431,621below the sector's middle half-€284,417below the sector's middle half▼ 34.1%€1.4mwithin the sector's middle half▲ 385%€1.6mwithin the sector's middle half▲ 14.5%€2.2mwithin the sector's middle half▲ 39.2%
Total assets€570,682below the sector's middle half-€3.9mwithin the sector's middle half▲ 577%€10.0mwithin the sector's middle half▲ 158%€18.5mwithin the sector's middle half▲ 85.5%€22.8mwithin the sector's middle half▲ 23.0%
Debt€139,060-€3.6m▲ 2,474%€8.6m▲ 140%€16.9m▲ 96.9%€20.6m▲ 21.4%
Working capital€431,621within the sector's middle half-€284,417within the sector's middle half▼ 34.1%€1.4mwithin the sector's middle half▲ 385%€1.6mwithin the sector's middle half▲ 15.6%€2.3mabove the sector's middle half▲ 43.3%
Solvency75.6%within the sector's middle half-7.4%below the sector's middle half▼ 68.3pp13.8%below the sector's middle half▲ 6.5pp8.5%below the sector's middle half▼ 5.3pp9.6%below the sector's middle half▲ 1.1pp
Current ratio4.10above the sector's middle half-1.08within the sector's middle half▼ 3.021.16within the sector's middle half▲ 0.081.09within the sector's middle half▼ 0.071.11within the sector's middle half▲ 0.02
Return on assets (ROA)5.5%within the sector's middle half--3.8%below the sector's middle half▼ 9.4pp0.9%within the sector's middle half▲ 4.8pp1.1%within the sector's middle half▲ 0.1pp2.7%within the sector's middle half▲ 1.6pp
Staff (FTE)5.8within the sector's middle half-3.4within the sector's middle half▼ 41.4%3.2within the sector's middle half▼ 5.9%3within the sector's middle half▼ 6.3%2.1within the sector's middle half▼ 30.0%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €5.4m after €300,821 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €22.8m
Equity
€2.2m ▲ 39.2%
Provisions
€17,369
Debt
€20.6m ▲ 21.4%
Debt's share of the balance-sheet total falls from 91.5% to 90.3%. Equity and debt are higher.
Key figures and ratios
ROE
28.2%▲
2023 · 12.7%
Debt ≤ 1 year
€20.5m▲
2023 · €16.9m
Income taxes
€209,210▲
2023 · €85,740
Staff costs
€1.8m▼
2023 · €2.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €20.0m | - |
| Turnover70 | - | - | - | - | €20.0m | - |
| Operating charges60/66A | - | - | - | - | €25.4m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €11.2m | - |
| Purchases600/8 | - | - | - | - | €11.2m | - |
| Services and other goods61 | - | - | - | - | €11.6m | - |
| Remuneration, social security and pensions62 | - | €1.2m | €1.3m | €2.4m | €1.8m | ▼ 21.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €819,024 | - |
| Other operating charges640/8 | - | €8,827 | €41,008 | €109,233 | €8,142 | ▼ 92.5% |
| Non-recurring operating charges66A | - | €17,299 | - | - | - | - |
| Gross operating margin9900 | €708,847 | €1.4m | €2.0m | €2.8m | - | - |
| Operating profit (loss)9901 | -€129,728 | €117,814 | €662,847 | €300,821 | -€5.4m | ▼ 1,884% |
| Financial income75/76B | - | - | €7 | €0 | €32.8m | - |
| Recurring financial income75 | €173,116 | - | €7 | €0 | €32.8m | - |
| Other financial income752/9 | - | - | - | - | €32.8m | - |
| Financial charges65/66B | - | €199,719 | €451,254 | €15,182 | €26.6m | ▲ 175,037% |
| Recurring financial charges65 | €1,226 | €199,719 | €451,254 | €15,182 | €26.6m | ▲ 175,037% |
| Other financial charges652/9 | - | - | - | - | €26.6m | - |
| Profit (loss) for the period before taxes9903 | €42,162 | -€81,905 | €211,600 | €285,639 | €828,027 | ▲ 190% |
| Income taxes67/77 | €10,540 | €65,300 | €117,490 | €85,740 | €209,210 | ▲ 144% |
| Taxes670/3 | - | - | - | - | €209,210 | - |
| Profit (loss) for the period9904 | €31,621 | -€147,205 | €94,110 | €199,900 | €618,816 | ▲ 210% |
| Profit (loss) for the period to be appropriated9905 | €31,621 | -€147,205 | €94,110 | €199,900 | €618,816 | ▲ 210% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €570,682 | €3.9m | €10.0m | €18.5m | €22.8m | ▲ 23.0% |
| Current assets29/58 | €570,682 | €3.9m | €10.0m | €18.5m | €22.8m | ▲ 23.0% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €289,023 | €1.9m | €8.0m | €17.5m | €20.8m | ▲ 19.2% |
| Other amounts receivable41 | - | €1.9m | €8.0m | €17.5m | €20.8m | ▲ 19.2% |
| Cash at bank and in hand54/58 | €281,659 | €1.8m | €1.9m | €1.0m | €2.0m | ▲ 87.4% |
| Deferred charges and accrued income490/1 | - | €126,948 | €46,223 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €570,682 | €3.9m | €10.0m | €18.5m | €22.8m | ▲ 23.0% |
| Equity10/15 | €431,621 | €284,417 | €1.4m | €1.6m | €2.2m | ▲ 39.2% |
| Contributions10/11 | €400,000 | €400,000 | €1.4m | €1.4m | €1.4m | = |
| Capital10 | - | €400,000 | €1.4m | €1.4m | €1.4m | = |
| Issued capital100 | - | €400,000 | €1.4m | €1.4m | €1.4m | = |
| Reserves13 | €1,581 | €1,581 | €1,581 | €10,423 | €41,364 | ▲ 297% |
| Non-distributable reserves130/1 | - | €1,581 | €1,581 | €10,423 | €41,364 | ▲ 297% |
| Legal reserve130 | - | €1,581 | €1,581 | €10,423 | €41,364 | ▲ 297% |
| Profit (loss) carried forward14 | €30,040 | -€117,164 | -€23,055 | €168,003 | €755,878 | ▲ 350% |
| Provisions and deferred taxes16 | - | - | - | - | €17,369 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €17,369 | - |
| Other liabilities and charges164/5 | - | - | - | - | €17,369 | - |
| Amounts payable17/49 | €139,060 | €3.6m | €8.6m | €16.9m | €20.6m | ▲ 21.4% |
| Amounts payable within one year42/48 | €139,060 | €3.6m | €8.6m | €16.9m | €20.5m | ▲ 21.1% |
| Trade debts44 | €5,564 | €151 | €106,133 | €210,992 | €20.0m | ▲ 9,369% |
| Suppliers440/4 | - | €151 | €106,133 | €210,992 | €20.0m | ▲ 9,369% |
| Taxes, remuneration and social security45 | - | €137,331 | €315,637 | €571,039 | €519,303 | ▼ 9.1% |
| Taxes450/3 | - | €83,938 | €202,374 | €202,261 | €363,588 | ▲ 79.8% |
| Remuneration and social security454/9 | - | €53,393 | €113,263 | €368,778 | €155,715 | ▼ 57.8% |
| Other amounts payable47/48 | - | €3.4m | €8.2m | €16.1m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €14,611 | €67,521 | ▲ 362% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,621 | -€147,205 | €94,110 | €199,900 | €618,816 | ▲ 210% |
| Operating cash flow (approximation) | €31,621 | -€147,205 | €94,110 | €199,900 | €618,816 | ▲ 210% |
| Change in cash | - | €1.5m | €115,889 | -€893,622 | €915,522 | ▲ 202% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2020net €618,816 ▲210%
Net result €618,816, the highest in the series.
31-12
Financial
Equity above €2mEq €2.2m ▲39.2%
3 profitable years in a row build equity to €2.2m.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 81 days late
2022
31-12
Financial
Back to profitnet €94,110
Net result €94,110 after one loss-making year.
31-12
Financial
Equity above €1mEq €1.4m ▲385%
Equity rises from €284,417 to €1.4m.
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 50 days late
2021
31-12
Financial
Weakest financial yearnet -€147,205
Net result drops to -€147,205, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Brussel · 1 establishment unit since 2019
Ground area
1,204 m²
Building footprint
920 m²
Volume, LiDAR
21,042 m³
Parcel 21805E0462/00V002, Brussels · tallest building 34.0 m, ±9 floors. Linked by address, not a title deed.
64
companies at this address
See who is registered here
1 establishment unit
Sendwave
since 20192.293.534.118
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0462/00V002 | Brussels | 1,204 m² | 1 · 920 m² | 34.0 m · 9 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
1 ownerOwners 1
- WorldRemit Corp.USparentSourceown accounts 2024100%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of Sendwave 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
699400T9YX0QTS96H229
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Of 806 companies in sector 64999 we hold annual accounts for 487. 206 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
Founded30-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64999Other financial services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0733531321
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.