WAVEDUST
ActiveSummary
WAVEDUST has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €290,934 and a net result of -€47,274. Equity is shrinking by ~4.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability3▼-4
Solvency100▲+17
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days only on tighter terms
Liquidity ample (current ratio 6.03 against 2.49 in 2023; short-term debt: 12% and cash: 0.5% of total assets), and 20.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2024Solvency, return and age of the figures
Solvency
79.2%
Return on assets
-12.9%
Age of the figures
21 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€47,274
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-02-2026, 196 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
196 d late
2023
30 d late
2022
31 d late
2021
92 d late
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 78 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€290,934▼ 14.0%
2023 · €338,207
Total assets
€367,540▼ 36.7%
2023 · €580,418
Net result
-€47,274▲ 15.3%
2023 · -€55,822
Working capital
€222,323▼ 20.0%
2023 · €278,072
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
Line20202021202220232024
Operating result€58,239▲ 23.3%€47,170▼ 19.0%€60,661▲ 28.6%-€61,586-€47,867▲ 22.3%
Net result€44,683▲ 30.9%€38,233▼ 14.4%€49,797▲ 30.2%-€55,822-€47,274▲ 15.3%
Equity€459,999▲ 10.8%€498,232▲ 8.3%€394,029▼ 20.9%€338,207▼ 14.2%€290,934▼ 14.0%
Total assets€607,264▲ 1.6%€631,669▲ 4.0%€663,798▲ 5.1%€580,418▼ 12.6%€367,540▼ 36.7%
Debt€147,265▼ 19.4%€133,437▼ 9.4%€269,769▲ 102%€242,211▼ 10.2%€76,606▼ 68.4%
Working capital€428,766▲ 9.1%€459,729▲ 7.2%€341,385▼ 25.7%€278,072▼ 18.5%€222,323▼ 20.0%
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 €47,867 in 2024 against €61,586 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €367,540
Fixed assets
€100,999 ▼ 12.6%
Current assets
€266,540 ▼ 42.7%
Equity and liabilities €367,540
Equity
€290,934 ▼ 14.0%
Debt
€76,606 ▼ 68.4%
Debt's share of the balance-sheet total falls from 41.7% to 20.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€33,336▲
2023 · -€46,889
Cash flow
-€32,743▲
2023 · -€41,126
Current ratio
6.03▲
2023 · 2.49
Debt to equity
0.26▼
2023 · 0.72
ROE
-16.2%▲
2023 · -16.5%
ROA
-12.9%▼
2023 · -9.6%
Interest coverage
-6.51▲
2023 · -10.83
Debt ≤ 1 year
€44,217▼
2023 · €186,816
Debt > 1 year
€32,120▼
2023 · €55,125
Income taxes
€290▼
2023 · €3,851
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,058 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% | 1.6% |
| 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 74% 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 4,815 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,330 | €14,569 | €14,296 | €14,697 | €14,530 | ▼ 1.1% |
| Other operating charges640/8 | - | €3,750 | €3,895 | €4,586 | €5,602 | ▲ 22.2% |
| Gross operating margin9900 | €75,292 | €65,489 | €78,851 | -€42,303 | -€27,734 | ▲ 34.4% |
| Operating profit (loss)9901 | €58,239 | €47,170 | €60,661 | -€61,586 | -€47,867 | ▲ 22.3% |
| Financial income75/76B | - | €12,315 | €14,563 | €13,942 | €6,008 | ▼ 56.9% |
| Recurring financial income75 | €11,888 | €12,315 | €14,563 | €13,942 | €6,008 | ▼ 56.9% |
| Financial charges65/66B | - | €5,588 | €5,237 | €4,328 | €5,124 | ▲ 18.4% |
| Recurring financial charges65 | €6,869 | €5,588 | €5,237 | €4,328 | €5,124 | ▲ 18.4% |
| Profit (loss) for the period before taxes9903 | €63,259 | €53,897 | €69,987 | -€51,971 | -€46,983 | ▲ 9.6% |
| Income taxes67/77 | €18,575 | €15,664 | €20,189 | €3,851 | €290 | ▼ 92.5% |
| Profit (loss) for the period9904 | €44,683 | €38,233 | €49,797 | -€55,822 | -€47,274 | ▲ 15.3% |
| Profit (loss) for the period to be appropriated9905 | €63,433 | €38,233 | €49,797 | -€55,822 | -€47,274 | ▲ 15.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €607,264 | €631,669 | €663,798 | €580,418 | €367,540 | ▼ 36.7% |
| Fixed assets21/28 | €152,318 | €138,703 | €130,226 | €115,530 | €100,999 | ▼ 12.6% |
| Tangible fixed assets22/27 | €152,318 | €138,703 | €130,226 | €115,530 | €100,999 | ▼ 12.6% |
| Land and buildings22 | - | €129,232 | €116,309 | €103,385 | €90,462 | ▼ 12.5% |
| Plant, machinery and equipment23 | - | €4,431 | €7,474 | €6,813 | €6,153 | ▼ 9.7% |
| Furniture and vehicles24 | - | €1,541 | €2,944 | €1,831 | €885 | ▼ 51.7% |
| Assets under construction and advance payments27 | - | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Current assets29/58 | €454,946 | €492,966 | €533,572 | €464,888 | €266,540 | ▼ 42.7% |
| Amounts receivable after more than one year29 | - | €400,000 | €485,000 | €456,500 | €249,250 | ▼ 45.4% |
| Other amounts receivable291 | - | €400,000 | €485,000 | €456,500 | €249,250 | ▼ 45.4% |
| Amounts receivable within one year40/41 | €34,979 | €62,956 | €7,810 | €4,056 | €9,320 | ▲ 130% |
| Trade receivables40 | - | €1,866 | €1,187 | €4,056 | €9,320 | ▲ 130% |
| Other amounts receivable41 | - | €61,090 | €6,623 | - | - | - |
| Cash at bank and in hand54/58 | €19,316 | €29,424 | €39,584 | €2,821 | €1,964 | ▼ 30.4% |
| Deferred charges and accrued income490/1 | - | €586 | €1,178 | €1,511 | €6,007 | ▲ 297% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €607,264 | €631,669 | €663,798 | €580,418 | €367,540 | ▼ 36.7% |
| Equity10/15 | €459,999 | €498,232 | €394,029 | €338,207 | €290,934 | ▼ 14.0% |
| Contributions10/11 | - | €12,600 | €12,600 | €12,600 | €12,600 | = |
| Reserves13 | €447,399 | €485,632 | €381,429 | €325,607 | €281,205 | ▼ 13.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €483,772 | €379,569 | €325,607 | €281,205 | ▼ 13.6% |
| Profit (loss) carried forward14 | - | - | - | - | -€2,871 | - |
| Amounts payable17/49 | €147,265 | €133,437 | €269,769 | €242,211 | €76,606 | ▼ 68.4% |
| Amounts payable after more than one year17 | €120,608 | €100,169 | €77,241 | €55,125 | €32,120 | ▼ 41.7% |
| Financial debts170/4 | - | €100,169 | €77,241 | €55,125 | €32,120 | ▼ 41.7% |
| Amounts payable within one year42/48 | €26,180 | €33,236 | €192,187 | €186,816 | €44,217 | ▼ 76.3% |
| Current portion of amounts payable after more than one year42 | - | €27,155 | €29,711 | €23,920 | €24,882 | ▲ 4.0% |
| Financial debts43 | - | - | €2,921 | €1,029 | - | - |
| Credit institutions430/8 | - | - | €2,921 | €1,029 | - | - |
| Trade debts44 | €2,496 | €1,982 | €1,265 | €5,114 | €10,990 | ▲ 115% |
| Suppliers440/4 | - | €1,982 | €1,265 | €5,114 | €10,990 | ▲ 115% |
| Taxes, remuneration and social security45 | - | €4,100 | €4,289 | €136 | €290 | ▲ 113% |
| Taxes450/3 | - | €4,100 | €4,289 | €136 | €290 | ▲ 113% |
| Other amounts payable47/48 | - | - | €154,000 | €156,617 | €8,055 | ▼ 94.9% |
| Accrued charges and deferred income492/3 | - | €31 | €341 | €269 | €269 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,683 | €38,233 | €49,797 | -€55,822 | -€47,274 | ▲ 15.3% |
| + Depreciation and write-downs630 | €14,330 | €14,569 | €14,296 | €14,697 | €14,530 | ▼ 1.1% |
| Operating cash flow (approximation) | €59,013 | €52,802 | €64,093 | -€41,126 | -€32,743 | ▲ 20.4% |
| Investment in fixed assets (approximation) | - | -€955 | -€5,819 | €0 | €0 | - |
| Change in cash | - | €10,108 | €10,160 | -€36,763 | -€857 | ▲ 97.7% |
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
2026
12-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 196 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 6.03
Current ratio from 2.49 to 6.03; short-term debt falls from €186,816 to €44,217.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€55,822
Net result drops to -€55,822, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €49,797 ▲30.2%
Net result €49,797, the highest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Liquidity times 18current ratio 10.04
Current ratio from 0.54 to 10.04; short-term debt falls from €70,086 to €43,473.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Nivelles · 1 establishment unit since 2012
Ground area
4,475 m²
Building footprint
383 m²
Volume, LiDAR
5,025 m³
2 parcels, Brussels, Wallonia · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Bonaventurestraat 114-118, 1090 Jette
since 20122.253.541.315
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21010B0249/00K009 | Brussels | 4,090 m² | 1 · 330 m² | 16.1 m · 5 fl. |
| 25782C0128/00S003 | Wallonia | 385 m² | 1 · 53 m² | 12.8 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded17-02-2012
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0843757369
Also
9925:BE0843757369
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.