WAVE32
ActiveSummary
WAVE32 has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,766 and a net result of -€20,354. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 3494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-13
Solvency50▼-17
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.3 against 1.67 in 2024; short-term debt: 74.6% and cash: 28.8% of total assets), and 74.6% 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
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
25.4%
Return on assets
-23.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€20,354
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 16-07-2026, 15 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
15 d early
2024
8 d late
2023
on the day
2022
27 d early
2021
5 d early
2020
33 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 3 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
26-09-2026 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 simulator 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 What other support did companies like this one receive, and it did not?Subsidy mirror 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
€21,766▼ 48.3%
2024 · €42,121
Total assets
€85,567▼ 14.2%
2024 · €99,681
Net result
-€20,354▼ 371%
2024 · -€4,319
Working capital
€19,279▼ 50.2%
2024 · €38,688
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€36,499-€1,774€58,323-€3,826-€19,568▼ 411%
Net result€35,972-€3,375€42,264-€4,319-€20,354▼ 371%
Equity€32,551€29,176▼ 10.4%€71,440▲ 145%€42,121▼ 41.0%€21,766▼ 48.3%
Total assets€37,953▲ 64.9%€34,723▼ 8.5%€96,993▲ 179%€99,681▲ 2.8%€85,567▼ 14.2%
Debt€5,402▼ 85.4%€5,547▲ 2.7%€25,553▲ 361%€57,561▲ 125%€63,801▲ 10.8%
Working capital€32,366€29,176▼ 9.9%€69,030▲ 137%€38,688▼ 44.0%€19,279▼ 50.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19,568 in 2025 against €3,826 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85,567
Fixed assets
€2,487 ▼ 27.5%
Current assets
€83,080 ▼ 13.7%
Equity and liabilities €85,567
Equity
€21,766 ▼ 48.3%
Debt
€63,801 ▲ 10.8%
Debt's share of the balance-sheet total rises from 57.7% to 74.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€18,773▼
2024 · -€3,244
Cash flow
-€19,559▼
2024 · -€3,738
Current ratio
1.30▼
2024 · 1.67
Debt to equity
2.93▲
2024 · 1.37
ROE
-93.5%▼
2024 · -10.3%
ROA
-23.8%▼
2024 · -4.3%
Interest coverage
-6.12▼
2024 · -1.13
Debt ≤ 1 year
€63,801▲
2024 · €57,561
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 | €231 | €185 | €112 | €581 | €795 | ▲ 36.8% |
| Other operating charges640/8 | €195 | €75 | €329 | €3,982 | €244 | ▼ 93.9% |
| Gross operating margin9900 | €36,926 | -€1,513 | €58,763 | €737 | -€18,529 | ▼ 2,613% |
| Operating profit (loss)9901 | €36,499 | -€1,774 | €58,323 | -€3,826 | -€19,568 | ▼ 411% |
| Financial income75/76B | €40 | €29 | €259 | €2,382 | €2,280 | ▼ 4.3% |
| Recurring financial income75 | €40 | €29 | €259 | €2,382 | €2,280 | ▼ 4.3% |
| Financial charges65/66B | €568 | €1,630 | €4,803 | €2,875 | €3,066 | ▲ 6.6% |
| Recurring financial charges65 | €568 | €1,630 | €4,803 | €2,875 | €3,066 | ▲ 6.6% |
| Profit (loss) for the period before taxes9903 | €35,972 | -€3,375 | €53,779 | -€4,319 | -€20,354 | ▼ 371% |
| Income taxes67/77 | - | - | €11,515 | €0 | - | - |
| Profit (loss) for the period9904 | €35,972 | -€3,375 | €42,264 | -€4,319 | -€20,354 | ▼ 371% |
| Profit (loss) for the period to be appropriated9905 | €35,972 | -€3,375 | €42,264 | -€4,319 | -€20,354 | ▼ 371% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,953 | €34,723 | €96,993 | €99,681 | €85,567 | ▼ 14.2% |
| Fixed assets21/28 | €185 | €0 | €2,410 | €3,432 | €2,487 | ▼ 27.5% |
| Tangible fixed assets22/27 | €185 | €0 | €2,410 | €3,282 | €2,487 | ▼ 24.2% |
| Plant, machinery and equipment23 | €185 | €0 | €2,410 | €3,282 | €2,487 | ▼ 24.2% |
| Financial fixed assets28 | - | - | - | €150 | €0 | ▼ 100% |
| Current assets29/58 | €37,768 | €34,723 | €94,583 | €96,249 | €83,080 | ▼ 13.7% |
| Amounts receivable within one year40/41 | €2,637 | €6,592 | €10,506 | €51,521 | €58,468 | ▲ 13.5% |
| Trade receivables40 | €2,637 | €5,082 | €4,896 | €41,079 | €43,224 | ▲ 5.2% |
| Other amounts receivable41 | - | €1,510 | €5,610 | €10,442 | €15,244 | ▲ 46.0% |
| Cash at bank and in hand54/58 | €35,131 | €28,131 | €84,077 | €44,729 | €24,612 | ▼ 45.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,953 | €34,723 | €96,993 | €99,681 | €85,567 | ▼ 14.2% |
| Equity10/15 | €32,551 | €29,176 | €71,440 | €42,121 | €21,766 | ▼ 48.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €12,091 | €8,716 | €50,980 | €21,661 | €1,306 | ▼ 94.0% |
| Amounts payable17/49 | €5,402 | €5,547 | €25,553 | €57,561 | €63,801 | ▲ 10.8% |
| Amounts payable within one year42/48 | €5,402 | €5,547 | €25,553 | €57,561 | €63,801 | ▲ 10.8% |
| Trade debts44 | €533 | €704 | €9,243 | €16,250 | €39,349 | ▲ 142% |
| Suppliers440/4 | €533 | €704 | €9,243 | €16,250 | €39,349 | ▲ 142% |
| Taxes, remuneration and social security45 | €216 | €0 | €11,515 | €11,515 | €0 | ▼ 100% |
| Taxes450/3 | €216 | €0 | €11,515 | €11,515 | €0 | ▼ 100% |
| Other amounts payable47/48 | €4,654 | €4,844 | €4,795 | €29,795 | €24,452 | ▼ 17.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,972 | -€3,375 | €42,264 | -€4,319 | -€20,354 | ▼ 371% |
| + Depreciation and write-downs630 | €231 | €185 | €112 | €581 | €795 | ▲ 36.8% |
| Operating cash flow (approximation) | €36,203 | -€3,190 | €42,376 | -€3,738 | -€19,559 | ▼ 423% |
| Investment in fixed assets (approximation) | - | €0 | -€2,522 | -€1,604 | €150 | ▲ 109% |
| Change in cash | - | -€7,000 | €55,946 | -€39,348 | -€20,117 | ▲ 48.9% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €42,264
Net result €42,264 after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €35,972
Net result €35,972 after one loss-making year.
31-12
Financial
Liquidity times 11current ratio 6.99
Current ratio from 0.61 to 6.99; short-term debt falls from €37,036 to €5,402.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€28,163
Net result drops to -€28,163, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Merelbeke-Melle · 1 establishment unit since 2019
Ground area
710 m²
Building footprint
127 m²
Volume, LiDAR
599 m³
Parcel 44402A0113/00R000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WAVE32
since 20192.286.413.130
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44402A0113/00R000 | Flanders | 710 m² | 1 · 127 m² | 8.4 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 6,000 EUR awarded · 6,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 6,000 EUR | 6,000 EUR |
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Of 885 companies in sector 74991 we hold annual accounts for 317. 220 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
Founded25-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
74991Agents and managers of artists, athletes and other public figures
60200Programming, broadcasting, news agency and other content distribution activities
63920Other information service activities
Scores and ratios are computed by Checked and are not a credit decision.