Wave Breeding
Annual accounts 2025
abbreviated format, filed on 08-06-2026, 53 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €279,672 on 31-12-2025Position in the sector
Solvency16.7%
Higher than 21% of 2,076 companies in 2025.
Current ratio0.34
Higher than 8% of 2,056 companies in 2025.
Return on assets-72.7%
Lower than 95% of 2,070 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
Total assets20/58 |
279,672 | |
Fixed assets21/28 |
201,410 | |
Intangible fixed assets21 |
70,780 | |
Tangible fixed assets22/27 |
121,630 | |
Other tangible fixed assets26 |
121,630 | |
Financial fixed assets28 |
9,000 | |
Current assets29/58 |
78,262 | |
Stocks and contracts in progress3 |
63,827 | |
Stocks30/36 |
4,936 | |
Contracts in progress37 |
58,891 | |
Amounts receivable within one year40/41 |
2,329 | |
Trade receivables40 |
2,329 | |
Cash at bank and in hand54/58 |
11,215 | |
Deferred charges and accrued income490/1 |
891 | |
| Balance sheet: equity and liabilities | ||
Total equity and liabilities10/49 |
279,672 | |
Equity10/15 |
46,654 | |
Contributions10/11 |
250,000 | |
Profit (loss) carried forward14 |
-203,346 | |
Amounts payable17/49 |
233,019 | |
Amounts payable within one year42/48 |
231,009 | |
Trade debts44 |
15,732 | |
Suppliers440/4 |
15,732 | |
Taxes, remuneration and social security45 |
277 | |
Taxes450/3 |
277 | |
Other amounts payable47/48 |
215,000 | |
Accrued charges and deferred income492/3 |
2,010 | |
| Income statement | ||
Gross operating margin9900 |
-170,364 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
26,368 | |
Other operating charges640/8 |
1,511 | |
Operating profit (loss)9901 |
-198,242 | |
Financial charges65/66B |
5,104 | |
Recurring financial charges65 |
5,104 | |
Profit (loss) for the period before taxes9903 |
-203,346 | |
Profit (loss) for the period9904 |
-203,346 | |
Profit (loss) for the period to be appropriated9905 |
-203,346 | |
| Appropriation of the result | ||
Profit (loss) to be appropriated9906 |
-203,346 | |
| Document | ||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 08-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-06-2026 | 2026-00148064 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| EBITDA | -171,875 | |
| Cash flow | -176,979 | |
| Investment in fixed assets | 227,778 | |
| Working capital | -152,746 | |
| Solvency | 16.7% | |
| Current ratio | 0.34 | |
| Quick ratio | 0.06 | |
| Debt to equity | 4.99 | |
| ROE | -435.9% | |
| ROA | -72.7% | |
| Interest coverage | -33.67 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €138,250 |
| Intangible fixed assets | €80,528 |
| Financial fixed assets | €9,000 |
| Depreciation and write-downs of the year | €26,368 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on Wave Breeding
Debt's share of the balance-sheet total is 83.3%.