WAVE
ActiveSummary
WAVE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.35M and a net result of €-62k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 80% of 750 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability58▲+2
Solvency97=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €390k at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.16 in 2023; short-term debt: 22.9% and cash: 6.3% of total assets), and 27.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
56 d early
2022
46 d early
2021
5 d early
2020
9 d early
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€5.35M▼ 1.1%
2023 · €5.41M
2018: €6.39M
2019: €6.39M● +0.0% vs 2018highest in 7 years
2020: €5.56M▼ -13.0% vs 2019
2021: €5.51M▼ -0.8% vs 2020
2022: €5.47M▼ -0.8% vs 2021
2023: €5.41M▼ -1.0% vs 2022
2024: €5.35M▼ -1.1% vs 2023lowest in 7 years
2018 → 2024
Total assets
€7.40M▼ 1.4%
2023 · €7.50M
2018: €10.47Mhighest in 7 years
2019: €9.69M▼ -7.4% vs 2018
2020: €8.18M▼ -15.6% vs 2019
2021: €7.83M▼ -4.3% vs 2020
2022: €7.59M▼ -3.1% vs 2021
2023: €7.50M▼ -1.2% vs 2022
2024: €7.40M▼ -1.4% vs 2023lowest in 7 years
2018 → 2024
Net result
€-62k▼ 12.7%
2023 · €-55k
2018: €428khighest in 7 years
2019: €88k▼ -79.4% vs 2018
2020: €-909k▼ -1132% vs 2019lowest in 7 years
2021: €-46k▲ +95.0% vs 2020
2022: €-46k▼ -0.2% vs 2021
2023: €-55k▼ -20.7% vs 2022
2024: €-62k▼ -12.7% vs 2023
2018 → 2024
Working capital
€-1.20M▲ 16.6%
2023 · €-1.44M
2018: €-3.34Mlowest in 7 years
2019: €-2.74M▲ +18.0% vs 2018
2020: €-2.12M▲ +22.7% vs 2019
2021: €-1.85M▲ +12.8% vs 2020
2022: €-1.63M▲ +11.7% vs 2021
2023: €-1.44M▲ +11.7% vs 2022
2024: €-1.20M▲ +16.6% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€5.56M-€5.51M▼ 0.8%€5.47M▼ 0.8%€5.41M▼ 1.0%€5.35M▼ 1.1%
2020: €5.56Mhighest in 5 years
2021: €5.51M▼ -0.8% vs 2020
2022: €5.47M▼ -0.8% vs 2021
2023: €5.41M▼ -1.0% vs 2022
2024: €5.35M▼ -1.1% vs 2023lowest in 5 years
Operating result€-827k-€26k€26k▲ 0.2%€-7k€-18k▼ 171%
2020: €-827klowest in 5 years
2021: €26k▲ +103% vs 2020
2022: €26k▲ +0.2% vs 2021highest in 5 years
2023: €-7k▼ -126% vs 2022
2024: €-18k▼ -171% vs 2023
Net result€-909k-€-46k▲ 95.0%€-46k▼ 0.2%€-55k▼ 20.7%€-62k▼ 12.7%
2020: €-909klowest in 5 years
2021: €-46k▲ +95.0% vs 2020highest in 5 years
2022: €-46k▼ -0.2% vs 2021
2023: €-55k▼ -20.7% vs 2022
2024: €-62k▼ -12.7% vs 2023
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 €18k in 2024 against €7k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.40M
Fixed assets
€6.91M ▼ 4.4%
Current assets
€491k ▲ 79.2%
Equity and liabilities €7.40M
Equity
€5.35M ▼ 1.1%
Provisions
€340k ▼ 5.2%
Debt
€1.71M ▼ 1.3%
Debt's share of the balance-sheet total stays at 23.1%.
Key figures and ratios
EBITDA
€310k▼
2023 · €317k
Cash flow
€265k▼
2023 · €268k
Current ratio
0.29▲
2023 · 0.16
Quick ratio
0.29▲
2023 · 0.16
Debt to equity
0.32▼
2023 · 0.32
ROE
-1.2%▼
2023 · -1.0%
ROA
-0.8%▼
2023 · -0.7%
Interest coverage
4.85▲
2023 · 4.64
Debt ≤ 1 year
€1.69M▼
2023 · €1.71M
Staff costs
€129k▲
2023 · €128k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€7.50M€7.40M▼
Fixed assets21/28€7.23M€6.91M▼
Intangible fixed assets21€13k€6k▼
Tangible fixed assets22/27€7.21M€6.90M▼
Land and buildings22€6.63M€6.38M▼
Plant, machinery and equipment23€573k€513k▼
Furniture and vehicles24-€0
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€4k€4k=
Current assets29/58€274k€491k▲
Stocks and contracts in progress3€7k€5k▼
Stocks30/36€7k€5k▼
Amounts receivable within one year40/41€37k€23k▼
Trade receivables40€36k€21k▼
Other amounts receivable41€576€1k▲
Cash at bank and in hand54/58€226k€463k▲
Deferred charges and accrued income490/1€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€7.50M€7.40M▼
Equity10/15€5.41M€5.35M▼
Contributions10/11€5.00M€5.00M=
Capital10€5.00M€5.00M=
Issued capital100€5.00M€5.00M=
Reserves13€1.24M€1.19M▼
Non-distributable reserves130/1€69k€69k=
Legal reserve130€69k€69k=
Tax-exempt reserves132€1.08M€1.02M▼
Distributable reserves133€101k€101k=
Profit (loss) carried forward14€-833k€-840k▼
Provisions and deferred taxes16€358k€340k▼
Deferred taxes168€358k€340k▼
Amounts payable17/49€1.73M€1.71M▼
Amounts payable within one year42/48€1.71M€1.69M▼
Trade debts44€32k€23k▼
Suppliers440/4€32k€23k▼
Advances received on contracts in progress46€462-
Taxes, remuneration and social security45€14k€15k▲
Remuneration and social security454/9€14k€15k▲
Other amounts payable47/48€1.67M€1.65M▼
Accrued charges and deferred income492/3€17k€17k▼
Income statement
Code20232024
Remuneration, social security and pensions62€128k€129k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€323k€327k▲
Other operating charges640/8€49k€33k▼
Gross operating margin9900€493k€471k▼
Operating profit (loss)9901€-7k€-18k▼
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€68k€64k▼
Recurring financial charges65€68k€64k▼
Profit (loss) for the period before taxes9903€-74k€-81k▼
Transfer from deferred taxes780€19k€19k=
Profit (loss) for the period9904€-55k€-62k▼
Transfer from tax-exempt reserves789€56k€56k=
Profit (loss) for the period to be appropriated9905€505€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-833k€-840k▼
Profit (loss) brought forward from the previous period14P€-834k€-833k▲
Social balance
Average headcount (FTE)90873.03.2▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €130k | €131k | €128k | €129k | ▲ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €370k | €342k | €331k | €323k | €327k | ▲ 1.3% |
| Other operating charges640/8 | - | €33k | €29k | €49k | €33k | ▼ 33.4% |
| Gross operating margin9900 | €589k | €531k | €517k | €493k | €471k | ▼ 4.4% |
| Operating profit (loss)9901 | €-827k | €26k | €26k | €-7k | €-18k | ▼ 171% |
| Financial income75/76B | - | €870 | €16 | €1k | €1k | ▼ 16.6% |
| Recurring financial income75 | €6k | €870 | €16 | €1k | €1k | ▼ 16.6% |
| Financial charges65/66B | - | €91k | €90k | €68k | €64k | ▼ 6.5% |
| Recurring financial charges65 | €107k | €91k | €90k | €68k | €64k | ▼ 6.5% |
| Profit (loss) for the period before taxes9903 | €-928k | €-64k | €-64k | €-74k | €-81k | ▼ 9.5% |
| Transfer from deferred taxes780 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) for the period9904 | €-909k | €-46k | €-46k | €-55k | €-62k | ▼ 12.7% |
| Transfer from tax-exempt reserves789 | - | €56k | €56k | €56k | €56k | = |
| Profit (loss) for the period to be appropriated9905 | €-854k | €10k | €10k | €505 | €-6k | ▼ 1,386% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.18M | €7.83M | €7.59M | €7.50M | €7.40M | ▼ 1.4% |
| Fixed assets21/28 | €8.12M | €7.78M | €7.49M | €7.23M | €6.91M | ▼ 4.4% |
| Intangible fixed assets21 | €32k | €25k | €19k | €13k | €6k | ▼ 50.0% |
| Tangible fixed assets22/27 | €8.08M | €7.75M | €7.47M | €7.21M | €6.90M | ▼ 4.3% |
| Land and buildings22 | - | €7.12M | €6.87M | €6.63M | €6.38M | ▼ 3.8% |
| Plant, machinery and equipment23 | - | €622k | €602k | €573k | €513k | ▼ 10.4% |
| Furniture and vehicles24 | - | - | - | - | €0 | - |
| Other tangible fixed assets26 | - | €5k | €3k | €2k | €1k | ▼ 41.9% |
| Financial fixed assets28 | €4k | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €61k | €49k | €93k | €274k | €491k | ▲ 79.2% |
| Stocks and contracts in progress3 | €4k | €3k | €4k | €7k | €5k | ▼ 25.0% |
| Stocks30/36 | - | €3k | €4k | €7k | €5k | ▼ 25.0% |
| Amounts receivable within one year40/41 | €34k | €33k | €24k | €37k | €23k | ▼ 38.9% |
| Trade receivables40 | - | €32k | €22k | €36k | €21k | ▼ 41.8% |
| Other amounts receivable41 | - | €986 | €2k | €576 | €1k | ▲ 141% |
| Cash at bank and in hand54/58 | €21k | €12k | €65k | €226k | €463k | ▲ 105% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €5k | €1k | ▼ 74.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.18M | €7.83M | €7.59M | €7.50M | €7.40M | ▼ 1.4% |
| Equity10/15 | €5.56M | €5.51M | €5.47M | €5.41M | €5.35M | ▼ 1.1% |
| Contributions10/11 | €5.00M | €5.00M | €5.00M | €5.00M | €5.00M | = |
| Capital10 | - | €5.00M | €5.00M | €5.00M | €5.00M | = |
| Issued capital100 | - | €5.00M | €5.00M | €5.00M | €5.00M | = |
| Reserves13 | €1.41M | €1.36M | €1.30M | €1.24M | €1.19M | ▼ 4.5% |
| Non-distributable reserves130/1 | - | €69k | €69k | €69k | €69k | = |
| Legal reserve130 | - | €69k | €69k | €69k | €69k | = |
| Tax-exempt reserves132 | - | €1.19M | €1.13M | €1.08M | €1.02M | ▼ 5.2% |
| Distributable reserves133 | - | €101k | €101k | €101k | €101k | = |
| Profit (loss) carried forward14 | €-854k | €-844k | €-834k | €-833k | €-840k | ▼ 0.8% |
| Provisions and deferred taxes16 | €414k | €395k | €377k | €358k | €340k | ▼ 5.2% |
| Deferred taxes168 | - | €395k | €377k | €358k | €340k | ▼ 5.2% |
| Amounts payable17/49 | €2.21M | €1.92M | €1.74M | €1.73M | €1.71M | ▼ 1.3% |
| Amounts payable after more than one year17 | €1k | €1k | €1k | - | - | - |
| Other amounts payable178/9 | - | €1k | €1k | - | - | - |
| Amounts payable within one year42/48 | €2.18M | €1.90M | €1.72M | €1.71M | €1.69M | ▼ 1.3% |
| Trade debts44 | €33k | €30k | €33k | €32k | €23k | ▼ 25.9% |
| Suppliers440/4 | - | €30k | €33k | €32k | €23k | ▼ 25.9% |
| Advances received on contracts in progress46 | - | €6k | €10k | €462 | - | - |
| Taxes, remuneration and social security45 | - | €8k | €13k | €14k | €15k | ▲ 8.1% |
| Remuneration and social security454/9 | - | €8k | €13k | €14k | €15k | ▲ 8.1% |
| Other amounts payable47/48 | - | €1.85M | €1.67M | €1.67M | €1.65M | ▼ 0.8% |
| Accrued charges and deferred income492/3 | - | €23k | €20k | €17k | €17k | ▼ 1.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-909k | €-46k | €-46k | €-55k | €-62k | ▼ 12.7% |
| + Depreciation and write-downs630 | €370k | €342k | €331k | €323k | €327k | ▲ 1.3% |
| Operating cash flow (approximation) | €-539k | €296k | €286k | €268k | €265k | ▼ 1.0% |
| Investment in fixed assets (approximation) | - | €-3k | €-48k | €-54k | €-8k | ▲ 85.5% |
| Change in cash | - | €-9k | €53k | €161k | €237k | ▲ 47.0% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-909k
Net result drops to €-909k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Schilde · 2 establishment units since 1999
Ground area
1.7 ha
Building footprint
5,186 m²
Volume, LiDAR
34,529 m³
2 parcels, Flanders · tallest building 18.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
WAVE
since 19992.090.445.218
Horsehotel
since 20162.260.877.681
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041A0566/00A000 | Flanders | 1.7 ha | 1 · 4,740 m² | 10.0 m · 2 fl. |
| 11041A0401/00B000 | Flanders | 490 m² | 1 · 446 m² | 18.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 662 companies in sector 96995 we hold annual accounts for 74. 10 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
Founded07-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
96995Pet boarding
01430Raising of horses and other equines
56210Event catering
56301Cafés and bars
71111Activities of building architects
81300Landscape service activities
93110Operation of sports facilities
Scores and ratios are computed by Checked and are not a credit decision.