TAKING WAVES
ActiveSummary
TAKING WAVES has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82,935 and a net result of €51,466. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+2
Solvency84▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.12 in 2024; short-term debt: 40.2% and cash: 13.6% of total assets), and 40.5% 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
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
59.5%
Return on assets
36.9%
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 13-04-2026, 109 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
109 d early
2024
38 d early
2023
20 d early
2022
48 d early
2021
62 d early
2020
50 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 55 days before the deadline; the sector median for financial year 2024 is 8 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 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, micro schema
Equity
€82,935▲ 11.1%
2024 · €74,656
Total assets
€139,417▼ 3.8%
2024 · €144,938
Net result
€51,466▲ 52.5%
2024 · €33,750
Working capital
€2,584▼ 62.3%
2024 · €6,850
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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€11,569▼ 77.7%€44,056▲ 281%€46,726▲ 6.1%€48,350▲ 3.5%€72,370▲ 49.7%
Net result€7,659within the sector's middle half▼ 80.0%€28,470within the sector's middle half▲ 272%€30,436within the sector's middle half▲ 6.9%€33,750within the sector's middle half▲ 10.9%€51,466above the sector's middle half▲ 52.5%
Equity€44,579within the sector's middle half▲ 20.7%€73,049within the sector's middle half▲ 63.9%€61,906within the sector's middle half▼ 15.3%€74,656within the sector's middle half▲ 20.6%€82,935within the sector's middle half▲ 11.1%
Total assets€73,019within the sector's middle half▲ 18.8%€150,112within the sector's middle half▲ 106%€152,092within the sector's middle half▲ 1.3%€144,938within the sector's middle half▼ 4.7%€139,417within the sector's middle half▼ 3.8%
Debt€28,440▲ 16.0%€77,063▲ 171%€90,186▲ 17.0%€70,283▼ 22.1%€56,482▼ 19.6%
Working capital€41,876▲ 19.8%€29,467▼ 29.6%€16,313▼ 44.6%€6,850▼ 58.0%€2,584▼ 62.3%
Solvency61.1%within the sector's middle half▲ 1.0pp48.7%within the sector's middle half▼ 12.4pp40.7%within the sector's middle half▼ 8.0pp51.5%within the sector's middle half▲ 10.8pp59.5%within the sector's middle half▲ 8.0pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 has risen four years in a row; 2025 is 50% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139,417
Fixed assets
€80,751 ▼ 0.7%
Current assets
€58,666 ▼ 7.7%
Equity and liabilities €139,417
Equity
€82,935 ▲ 11.1%
Debt
€56,482 ▼ 19.6%
Debt's share of the balance-sheet total falls from 48.5% to 40.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72,972▲
2024 · €49,084
Cash flow
€52,068▲
2024 · €34,484
Current ratio
1.05▼
2024 · 1.12
Debt to equity
0.68▼
2024 · 0.94
ROE
62.1%▲
2024 · 45.2%
ROA
36.9%▲
2024 · 23.3%
Interest coverage
45.36▲
2024 · 28.20
Debt ≤ 1 year
€56,082▼
2024 · €56,735
Debt > 1 year
€0▼
2024 · €13,228
Income taxes
€19,470▲
2024 · €13,428
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €931 | €912 | €1,050 | €735 | €602 | ▼ 18.0% |
| Other operating charges640/8 | €221 | €1,024 | €1,780 | €1,382 | €1,193 | ▼ 13.7% |
| Gross operating margin9900 | €12,720 | €45,992 | €49,556 | €50,467 | €74,165 | ▲ 47.0% |
| Operating profit (loss)9901 | €11,569 | €44,056 | €46,726 | €48,350 | €72,370 | ▲ 49.7% |
| Financial income75/76B | €30 | €621 | €5 | €569 | €175 | ▼ 69.3% |
| Recurring financial income75 | €30 | €621 | €5 | €569 | €175 | ▼ 69.3% |
| Financial charges65/66B | €750 | €680 | €2,723 | €1,741 | €1,609 | ▼ 7.6% |
| Recurring financial charges65 | €750 | €680 | €2,723 | €1,741 | €1,609 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €10,848 | €43,996 | €44,009 | €47,178 | €70,936 | ▲ 50.4% |
| Income taxes67/77 | €3,189 | €15,527 | €13,573 | €13,428 | €19,470 | ▲ 45.0% |
| Profit (loss) for the period9904 | €7,659 | €28,470 | €30,436 | €33,750 | €51,466 | ▲ 52.5% |
| Profit (loss) for the period to be appropriated9905 | €7,659 | €28,470 | €30,436 | €33,750 | €51,466 | ▲ 52.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,019 | €150,112 | €152,092 | €144,938 | €139,417 | ▼ 3.8% |
| Fixed assets21/28 | €2,703 | €81,791 | €82,087 | €81,353 | €80,751 | ▼ 0.7% |
| Tangible fixed assets22/27 | €2,703 | €1,791 | €2,087 | €1,353 | €751 | ▼ 44.5% |
| Plant, machinery and equipment23 | €50 | €0 | - | - | - | - |
| Furniture and vehicles24 | €2,654 | €1,791 | €2,087 | €1,353 | €751 | ▼ 44.5% |
| Financial fixed assets28 | - | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Current assets29/58 | €70,315 | €68,321 | €70,005 | €63,586 | €58,666 | ▼ 7.7% |
| Amounts receivable after more than one year29 | - | €24,505 | €0 | - | - | - |
| Other amounts receivable291 | - | €24,505 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €26,312 | €33,708 | €46,289 | €31,424 | €39,746 | ▲ 26.5% |
| Trade receivables40 | €25,372 | €33,708 | €43,677 | €12,604 | €39,166 | ▲ 211% |
| Other amounts receivable41 | €940 | €0 | €2,612 | €18,820 | €580 | ▼ 96.9% |
| Cash at bank and in hand54/58 | €44,004 | €9,738 | €23,715 | €32,161 | €18,920 | ▼ 41.2% |
| Deferred charges and accrued income490/1 | - | €370 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,019 | €150,112 | €152,092 | €144,938 | €139,417 | ▼ 3.8% |
| Equity10/15 | €44,579 | €73,049 | €61,906 | €74,656 | €82,935 | ▲ 11.1% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €41,579 | €70,049 | €58,906 | €71,656 | €79,935 | ▲ 11.6% |
| Distributable reserves133 | €41,579 | €70,049 | €58,906 | €71,656 | €79,935 | ▲ 11.6% |
| Profit (loss) carried forward14 | €0 | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €28,440 | €77,063 | €90,186 | €70,283 | €56,482 | ▼ 19.6% |
| Amounts payable after more than one year17 | - | €38,209 | €25,958 | €13,228 | €0 | ▼ 100% |
| Financial debts170/4 | - | €38,209 | €25,958 | €13,228 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €28,440 | €38,854 | €53,692 | €56,735 | €56,082 | ▼ 1.2% |
| Current portion of amounts payable after more than one year42 | - | €11,791 | €12,251 | €12,730 | €13,228 | ▲ 3.9% |
| Trade debts44 | €1,060 | €1,623 | €2,395 | €950 | €1,108 | ▲ 16.7% |
| Suppliers440/4 | €1,060 | €1,623 | €2,395 | €950 | €1,108 | ▲ 16.7% |
| Taxes, remuneration and social security45 | €27,379 | €25,440 | €39,045 | €22,055 | €21,444 | ▼ 2.8% |
| Taxes450/3 | €27,379 | €25,440 | €39,045 | €22,055 | €21,444 | ▼ 2.8% |
| Other amounts payable47/48 | €0 | - | - | €21,000 | €20,302 | ▼ 3.3% |
| Accrued charges and deferred income492/3 | - | - | €10,537 | €320 | €400 | ▲ 24.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,659 | €28,470 | €30,436 | €33,750 | €51,466 | ▲ 52.5% |
| + Depreciation and write-downs630 | €931 | €912 | €1,050 | €735 | €602 | ▼ 18.0% |
| Operating cash flow (approximation) | €8,590 | €29,382 | €31,486 | €34,484 | €52,068 | ▲ 51.0% |
| Investment in fixed assets (approximation) | - | -€80,000 | -€1,346 | €0 | €0 | - |
| Change in cash | - | -€34,266 | €13,978 | €8,446 | -€13,241 | ▼ 257% |
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
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €51,466 ▲52.5%
Operating result €72,370, net result €51,466, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €7,659 ▼80%
Net result drops to €7,659, the lowest in the series; recovery starts the following year.
11-06
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Leuven · 1 establishment unit since 2019
Ground area
545 m²
Building footprint
117 m²
Volume, LiDAR
892 m³
Parcel 24483E0241/00T005, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Taking Waves
since 20192.290.122.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24483E0241/00T005 | Flanders | 545 m² | 1 · 117 m² | 11.3 m · 3 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 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
- Sourceown accounts 20253.26%
According to the 2025 annual accounts of TAKING WAVES 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.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,187 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
Founded12-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0727986681
Also
9925:BE0727986681
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.