Sneaky Waves
ActiveSummary
Sneaky Waves has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,200 and a net result of -€3,928. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 2026 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-64
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 10.99 against 9.92 in 2024; short-term debt: 7.7% and cash: 40.9% of total assets), and 7.7% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.3%
Return on assets
-9.7%
Age of the figures
9 mo
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 11-06-2026, 50 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
50 d early
2024
48 d early
2023
49 d early
2022
34 d early
2021
18 d early
2020
3 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 34 days before the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€37,200▼ 9.6%
2024 · €41,128
Total assets
€40,292▼ 10.3%
2024 · €44,928
Net result
-€3,928
2024 · €871
Working capital
€30,900▼ 8.8%
2024 · €33,887
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€18,908▼ 33.5%€1,748▼ 90.8%€9,748▲ 458%€2,666▼ 72.7%-€2,992
Net result€12,444within the sector's middle half▼ 40.1%€251within the sector's middle half▼ 98.0%€5,802within the sector's middle half▲ 2,212%€871within the sector's middle half▼ 85.0%-€3,928within the sector's middle half
Equity€34,204within the sector's middle half▲ 57.2%€34,455within the sector's middle half▲ 0.7%€40,257within the sector's middle half▲ 16.8%€41,128within the sector's middle half▲ 2.2%€37,200within the sector's middle half▼ 9.6%
Total assets€40,882below the sector's middle half▲ 50.0%€38,403below the sector's middle half▼ 6.1%€45,953within the sector's middle half▲ 19.7%€44,928within the sector's middle half▼ 2.2%€40,292below the sector's middle half▼ 10.3%
Debt€6,678▲ 21.4%€3,948▼ 40.9%€5,696▲ 44.3%€3,799▼ 33.3%€3,092▼ 18.6%
Working capital€31,748within the sector's middle half▲ 64.5%€29,533within the sector's middle half▼ 7.0%€36,234within the sector's middle half▲ 22.7%€33,887within the sector's middle half▼ 6.5%€30,900within the sector's middle half▼ 8.8%
Solvency83.7%above the sector's middle half▲ 3.8pp89.7%above the sector's middle half▲ 6.1pp87.6%above the sector's middle half▼ 2.1pp91.5%above the sector's middle half▲ 3.9pp92.3%above the sector's middle half▲ 0.8pp
Current ratio5.75above the sector's middle half▲ 1.248.48above the sector's middle half▲ 2.737.36above the sector's middle half▼ 1.129.92above the sector's middle half▲ 2.5610.99above the sector's middle half▲ 1.07
Return on assets (ROA)30.4%above the sector's middle half▼ 45.7pp0.7%within the sector's middle half▼ 29.8pp12.6%within the sector's middle half▲ 12.0pp1.9%within the sector's middle half▼ 10.7pp-9.7%below the sector's middle half▼ 11.7pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,992 after €2,666 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40,292
Fixed assets
€6,301 ▼ 13.0%
Current assets
€33,992 ▼ 9.8%
Equity and liabilities €40,292
Equity
€37,200 ▼ 9.6%
Debt
€3,092 ▼ 18.6%
Debt's share of the balance-sheet total falls from 8.5% to 7.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€441▼
2024 · €5,889
Cash flow
-€1,377▼
2024 · €4,094
Debt to equity
0.08▼
2024 · 0.09
ROE
-10.6%▼
2024 · 2.1%
Interest coverage
-0.73▼
2024 · 9.17
Debt ≤ 1 year
€3,092▼
2024 · €3,799
Income taxes
€436▼
2024 · €1,196
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.3%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,442 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,151 | €2,454 | €2,804 | €3,223 | €2,551 | ▼ 20.8% |
| Other operating charges640/8 | €1,311 | €1,307 | €735 | €563 | €1,569 | ▲ 179% |
| Gross operating margin9900 | €21,370 | €5,509 | €13,287 | €6,451 | €1,128 | ▼ 82.5% |
| Operating profit (loss)9901 | €18,908 | €1,748 | €9,748 | €2,666 | -€2,992 | ▼ 212% |
| Financial income75/76B | €110 | €1 | €25 | €43 | €103 | ▲ 138% |
| Recurring financial income75 | €110 | €1 | €25 | €43 | €103 | ▲ 138% |
| Financial charges65/66B | €661 | €883 | €785 | €642 | €603 | ▼ 6.0% |
| Recurring financial charges65 | €661 | €883 | €785 | €642 | €603 | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | €18,357 | €866 | €8,987 | €2,067 | -€3,492 | ▼ 269% |
| Income taxes67/77 | €5,913 | €615 | €3,185 | €1,196 | €436 | ▼ 63.5% |
| Profit (loss) for the period9904 | €12,444 | €251 | €5,802 | €871 | -€3,928 | ▼ 551% |
| Profit (loss) for the period to be appropriated9905 | €12,444 | €251 | €5,802 | €871 | -€3,928 | ▼ 551% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40,882 | €38,403 | €45,953 | €44,928 | €40,292 | ▼ 10.3% |
| Fixed assets21/28 | €2,456 | €4,922 | €4,024 | €7,241 | €6,301 | ▼ 13.0% |
| Tangible fixed assets22/27 | €2,456 | €4,922 | €4,024 | €7,241 | €6,301 | ▼ 13.0% |
| Furniture and vehicles24 | €2,456 | €4,922 | €4,024 | €7,241 | €6,301 | ▼ 13.0% |
| Current assets29/58 | €38,426 | €33,481 | €41,929 | €37,687 | €33,992 | ▼ 9.8% |
| Amounts receivable within one year40/41 | €17,437 | €18,782 | €7,590 | €9,278 | €17,032 | ▲ 83.6% |
| Trade receivables40 | €16,350 | €13,310 | €5,463 | €6,655 | €11,034 | ▲ 65.8% |
| Other amounts receivable41 | €1,087 | €5,472 | €2,127 | €2,623 | €5,998 | ▲ 129% |
| Cash at bank and in hand54/58 | €20,708 | €14,278 | €34,034 | €28,106 | €16,491 | ▼ 41.3% |
| Deferred charges and accrued income490/1 | €281 | €421 | €305 | €303 | €468 | ▲ 54.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40,882 | €38,403 | €45,953 | €44,928 | €40,292 | ▼ 10.3% |
| Equity10/15 | €34,204 | €34,455 | €40,257 | €41,128 | €37,200 | ▼ 9.6% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €33,204 | €33,455 | €39,257 | €40,128 | €40,128 | = |
| Distributable reserves133 | €33,204 | €33,455 | €39,257 | €40,128 | €40,128 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€3,928 | - |
| Amounts payable17/49 | €6,678 | €3,948 | €5,696 | €3,799 | €3,092 | ▼ 18.6% |
| Amounts payable within one year42/48 | €6,678 | €3,948 | €5,696 | €3,799 | €3,092 | ▼ 18.6% |
| Trade debts44 | €863 | €107 | €308 | €136 | €0 | ▼ 100% |
| Suppliers440/4 | €863 | €107 | €308 | €136 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €5,161 | €3,793 | €5,387 | €3,664 | €3,092 | ▼ 15.6% |
| Taxes450/3 | €5,161 | €3,793 | €5,387 | €3,664 | €3,092 | ▼ 15.6% |
| Other amounts payable47/48 | €654 | €48 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,444 | €251 | €5,802 | €871 | -€3,928 | ▼ 551% |
| + Depreciation and write-downs630 | €1,151 | €2,454 | €2,804 | €3,223 | €2,551 | ▼ 20.8% |
| Operating cash flow (approximation) | €13,595 | €2,705 | €8,606 | €4,094 | -€1,377 | ▼ 134% |
| Investment in fixed assets (approximation) | - | -€4,920 | -€1,906 | -€6,440 | -€1,611 | ▲ 75.0% |
| Change in cash | - | -€6,430 | €19,756 | -€5,927 | -€11,615 | ▼ 95.9% |
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
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€3,928
Net result drops to -€3,928, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2020
Ground area
354 m²
Building footprint
152 m²
Parcel 11303C0236/00F004, Flanders. Linked by address, not a title deed.
1 establishment unit
Sneaky Waves
since 20202.298.906.334
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0236/00F004 | Flanders | 354 m² | 1 · 152 m² | - |
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.
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Of 1,999 companies in sector 90120 we hold annual accounts for 213. 157 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
90120Visual arts creation
73110Advertising agencies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0741984870
Also
9925:BE0741984870
Registered
28-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.