WAVADO
ActiveSummary
WAVADO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €856,478 and a net result of -€22,795. Equity remains stable across the filed fiscal years (±0.6% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-19
Solvency100=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 8.43 against 0.65 in 2024; short-term debt: 1.8% and cash: 1.2% of total assets), and 22.1% of the assets are financed with debt.
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Signals
Five 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 · 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
77.9%
Return on assets
-2.1%
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
28 d late
2023
20 d early
2022
23 d late
2021
37 d early
2020
12 d early
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 7 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
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Financials · fiscal year 2025, abbreviated schema
Equity
€856,478▼ 2.6%
2024 · €879,272
Total assets
€1.1m▼ 1.2%
2024 · €1.1m
Net result
-€22,795
2024 · €3,734
Working capital
€144,139
2024 · -€60,576
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
Line20212022202320242025
Operating result€7,677€16,378▲ 113%€34,039▲ 108%€19,138▼ 43.8%-€13,747
Net result€10,652€12,146▲ 14.0%€7,908▼ 34.9%€3,734▼ 52.8%-€22,795
Equity€830,785▲ 1.3%€862,904▲ 3.9%€875,539▲ 1.5%€879,272▲ 0.4%€856,478▼ 2.6%
Total assets€1.5m=€1.6m▲ 1.0%€1.1m▼ 27.8%€1.1m▼ 0.7%€1.1m▼ 1.2%
Debt€630,592▼ 1.3%€635,209▲ 0.7%€198,316▼ 68.8%€189,003▼ 4.7%€200,028▲ 5.8%
Working capital-€317,436▲ 17.3%-€224,972▲ 29.1%-€121,973▲ 45.8%-€60,576▲ 50.3%€144,139
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13,747 after €19,138 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€935,449 ▼ 6.4%
Current assets
€163,547 ▲ 44.0%
Equity and liabilities €1.1m
Equity
€856,478 ▼ 2.6%
Provisions
€42,489 ▼ 4.7%
Debt
€200,028 ▲ 5.8%
Debt's share of the balance-sheet total rises from 17.0% to 18.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€47,336▼
2024 · €89,619
Cash flow
€38,287▼
2024 · €74,214
Current ratio
8.43▲
2024 · 0.65
Debt to equity
0.23▲
2024 · 0.21
ROE
-2.7%▼
2024 · 0.4%
ROA
-2.1%▼
2024 · 0.3%
Interest coverage
4.06▼
2024 · 7.06
Debt ≤ 1 year
€19,408▼
2024 · €174,179
Income taxes
€85▼
2024 · €4,791
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 8,616 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 | €79,701 | €79,978 | €76,182 | €70,481 | €61,082 | ▼ 13.3% |
| Other operating charges640/8 | €12,811 | €12,416 | €13,390 | €14,107 | €13,053 | ▼ 7.5% |
| Non-recurring operating charges66A | - | - | - | - | €2,713 | - |
| Gross operating margin9900 | €100,190 | €108,771 | €123,611 | €103,726 | €63,101 | ▼ 39.2% |
| Operating profit (loss)9901 | €7,677 | €16,378 | €34,039 | €19,138 | -€13,747 | ▼ 172% |
| Financial income75/76B | €190 | €0 | €519 | €5 | €613 | ▲ 11,057% |
| Recurring financial income75 | €190 | €0 | €519 | €5 | €613 | ▲ 11,057% |
| Financial charges65/66B | €44 | €58 | €21,840 | €12,701 | €11,657 | ▼ 8.2% |
| Recurring financial charges65 | €44 | €58 | €21,840 | €12,701 | €11,657 | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | €7,823 | €16,320 | €12,719 | €6,443 | -€24,791 | ▼ 485% |
| Transfer from deferred taxes780 | €2,830 | €2,081 | €2,081 | €2,081 | €2,081 | = |
| Income taxes67/77 | - | €6,255 | €6,892 | €4,791 | €85 | ▼ 98.2% |
| Profit (loss) for the period9904 | €10,652 | €12,146 | €7,908 | €3,734 | -€22,795 | ▼ 711% |
| Transfer from tax-exempt reserves789 | €5,496 | €6,244 | €6,244 | €6,244 | €6,244 | = |
| Profit (loss) for the period to be appropriated9905 | €16,148 | €18,390 | €14,152 | €9,978 | -€16,550 | ▼ 266% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.6m | €1.1m | €1.1m | €1.1m | ▼ 1.2% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.1m | €999,244 | €935,449 | ▼ 6.4% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.1m | €999,244 | €935,449 | ▼ 6.4% |
| Land and buildings22 | €1.2m | €1.1m | €1.1m | €996,086 | €935,449 | ▼ 6.1% |
| Leasing and similar rights25 | €46,211 | €27,615 | €12,536 | €3,158 | - | - |
| Financial fixed assets28 | €175 | €0 | - | - | - | - |
| Current assets29/58 | €310,833 | €405,666 | €50,782 | €113,603 | €163,547 | ▲ 44.0% |
| Amounts receivable within one year40/41 | €1,353 | €1,350 | €4,583 | €2,324 | €309 | ▼ 86.7% |
| Other amounts receivable41 | €1,353 | €1,350 | €4,583 | €2,324 | €309 | ▼ 86.7% |
| Current investments50/53 | - | - | - | €90,000 | €150,000 | ▲ 66.7% |
| Cash at bank and in hand54/58 | €309,480 | €404,316 | €46,199 | €21,278 | €13,237 | ▼ 37.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.6m | €1.1m | €1.1m | €1.1m | ▼ 1.2% |
| Equity10/15 | €830,785 | €862,904 | €875,539 | €879,272 | €856,478 | ▼ 2.6% |
| Contributions10/11 | €635,000 | €635,000 | €635,000 | €635,000 | €635,000 | = |
| Outside capital11 | - | €635,000 | €635,000 | €635,000 | €635,000 | = |
| Other1109/19 | - | €635,000 | €635,000 | €635,000 | €635,000 | = |
| Reserves13 | €151,372 | €184,505 | €196,988 | €200,644 | €194,400 | ▼ 3.1% |
| Non-distributable reserves130/1 | €4,720 | €5,735 | €5,735 | €5,735 | €5,735 | = |
| Reserves not available under the articles1311 | €4,720 | €5,735 | €5,735 | €5,735 | €5,735 | = |
| Tax-exempt reserves132 | €146,652 | €160,380 | €158,863 | €152,619 | €146,375 | ▼ 4.1% |
| Distributable reserves133 | - | €18,390 | €32,390 | €42,290 | €42,290 | = |
| Profit (loss) carried forward14 | €44,414 | €43,399 | €43,551 | €43,629 | €27,078 | ▼ 37.9% |
| Provisions and deferred taxes16 | €75,514 | €53,460 | €46,652 | €44,571 | €42,489 | ▼ 4.7% |
| Deferred taxes168 | €75,514 | €53,460 | €46,652 | €44,571 | €42,489 | ▼ 4.7% |
| Amounts payable17/49 | €630,592 | €635,209 | €198,316 | €189,003 | €200,028 | ▲ 5.8% |
| Amounts payable within one year42/48 | €628,269 | €630,638 | €172,755 | €174,179 | €19,408 | ▼ 88.9% |
| Trade debts44 | - | - | €64 | €0 | €5,308 | - |
| Suppliers440/4 | - | - | €64 | €0 | €5,308 | - |
| Advances received on contracts in progress46 | €15,000 | €15,000 | €15,000 | €15,000 | - | - |
| Taxes, remuneration and social security45 | - | €6,255 | €0 | - | - | - |
| Taxes450/3 | - | €6,255 | €0 | - | - | - |
| Other amounts payable47/48 | €613,269 | €609,383 | €157,692 | €159,179 | €14,100 | ▼ 91.1% |
| Accrued charges and deferred income492/3 | €2,324 | €4,570 | €25,561 | €14,825 | €180,620 | ▲ 1,118% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,652 | €12,146 | €7,908 | €3,734 | -€22,795 | ▼ 711% |
| + Depreciation and write-downs630 | €79,701 | €79,978 | €76,182 | €70,481 | €61,082 | ▼ 13.3% |
| Operating cash flow (approximation) | €90,353 | €92,124 | €84,090 | €74,214 | €38,287 | ▼ 48.4% |
| Investment in fixed assets (approximation) | - | €175 | €0 | €0 | €2,713 | - |
| Change in cash | - | €94,836 | -€358,117 | -€24,921 | -€8,041 | ▲ 67.7% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€22,795
Net result drops to -€22,795, the lowest in the series.
31-12
Financial
Liquidity times 13current ratio 8.43
Current ratio from 0.65 to 8.43; short-term debt falls from €174,179 to €19,408.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Highest result since 2018net €12,146 ▲14%
Net result €12,146, the highest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €10,652
Net result €10,652 after 2 loss-making years.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Koksijde · 1 establishment unit since 2003
Ground area
300 m²
Building footprint
75 m²
Volume, LiDAR
347 m³
Parcel 38502F0767/00B000, Flanders · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
wavado
since 20032.134.483.713
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38502F0767/00B000 | Flanders | 300 m² | 1 · 75 m² | 6.0 m · 2 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.
Identification & contact
Identification
Legal formPublic limited company
Founded14-07-2003
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0859622809
Also
9925:BE0859622809
Registered
19-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.