WAVELETS
ActiveSummary
WAVELETS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €152,910 and a net result of -€25,297. Equity is growing by ~5.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-75
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.16 in 2024; short-term debt: 17.2% and cash: 0.6% of total assets), and 17.2% of the assets are financed with debt.
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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 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
24 d early
2023
34 d early
2022
17 d early
2021
34 d early
2020
29 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 31 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€152,910▼ 14.2%
2024 · €178,207
Total assets
€184,609▼ 8.7%
2024 · €202,198
Net result
-€25,297
2024 · €12,599
Working capital
-€30,550▼ 52.5%
2024 · -€20,034
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-€13,571▲ 25.0%€111,563-€25,143€14,031-€24,739
Net result-€14,181▲ 23.2%€100,788-€25,803€12,599-€25,297
Equity€90,624▼ 13.5%€191,411▲ 111%€165,608▼ 13.5%€178,207▲ 7.6%€152,910▼ 14.2%
Total assets€401,823▼ 4.0%€464,743▲ 15.7%€225,922▼ 51.4%€202,198▼ 10.5%€184,609▼ 8.7%
Debt€311,200▼ 0.9%€273,332▼ 12.2%€60,314▼ 77.9%€23,991▼ 60.2%€31,699▲ 32.1%
Working capital-€305,639▲ 2.3%-€40,159▲ 86.9%-€49,298▼ 22.8%-€20,034▲ 59.4%-€30,550▼ 52.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €24,739 after €14,031 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €184,609
Fixed assets
€183,460 ▼ 7.5%
Current assets
€1,149 ▼ 71.0%
Equity and liabilities €184,609
Equity
€152,910 ▼ 14.2%
Debt
€31,699 ▲ 32.1%
Debt's share of the balance-sheet total rises from 11.9% to 17.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€9,958▼
2024 · €30,696
Cash flow
-€10,516▼
2024 · €29,264
Current ratio
0.04▼
2024 · 0.16
Debt to equity
0.21▲
2024 · 0.13
ROE
-16.5%▼
2024 · 7.1%
ROA
-13.7%▼
2024 · 6.2%
Interest coverage
-42.89▼
2024 · 297.44
Debt ≤ 1 year
€31,699▲
2024 · €23,991
Income taxes
€326▼
2024 · €1,329
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €166,972 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,608 | €16,664 | €16,664 | €16,664 | €14,781 | ▼ 11.3% |
| Other operating charges640/8 | €819 | €16,603 | €2,803 | €1,065 | €908 | ▼ 14.8% |
| Gross operating margin9900 | €9,857 | €144,830 | -€5,676 | €31,760 | -€9,050 | ▼ 128% |
| Operating profit (loss)9901 | -€13,571 | €111,563 | -€25,143 | €14,031 | -€24,739 | ▼ 276% |
| Financial charges65/66B | €229 | €312 | €276 | €103 | €232 | ▲ 125% |
| Recurring financial charges65 | €229 | €312 | €276 | €103 | €232 | ▲ 125% |
| Profit (loss) for the period before taxes9903 | -€13,800 | €111,251 | -€25,419 | €13,928 | -€24,972 | ▼ 279% |
| Income taxes67/77 | €381 | €10,463 | €384 | €1,329 | €326 | ▼ 75.5% |
| Profit (loss) for the period9904 | -€14,181 | €100,788 | -€25,803 | €12,599 | -€25,297 | ▼ 301% |
| Profit (loss) for the period to be appropriated9905 | -€14,181 | €100,788 | -€25,803 | €12,599 | -€25,297 | ▼ 301% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €401,823 | €464,743 | €225,922 | €202,198 | €184,609 | ▼ 8.7% |
| Fixed assets21/28 | €396,263 | €231,570 | €214,906 | €198,242 | €183,460 | ▼ 7.5% |
| Tangible fixed assets22/27 | €396,263 | €231,570 | €214,906 | €198,242 | €183,460 | ▼ 7.5% |
| Land and buildings22 | €368,846 | €212,489 | €202,813 | €193,137 | €183,460 | ▼ 5.0% |
| Plant, machinery and equipment23 | €1,347 | - | - | - | - | - |
| Furniture and vehicles24 | €26,069 | €19,081 | €12,093 | €5,105 | - | - |
| Current assets29/58 | €5,561 | €233,173 | €11,016 | €3,957 | €1,149 | ▼ 71.0% |
| Amounts receivable within one year40/41 | €4,000 | - | - | - | - | - |
| Trade receivables40 | €4,000 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1,561 | €233,173 | €11,016 | €3,957 | €1,149 | ▼ 71.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €401,823 | €464,743 | €225,922 | €202,198 | €184,609 | ▼ 8.7% |
| Equity10/15 | €90,624 | €191,411 | €165,608 | €178,207 | €152,910 | ▼ 14.2% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €29,124 | €129,911 | €106,938 | €116,707 | €116,707 | = |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | €22,974 | €123,761 | €100,788 | €110,557 | €110,557 | = |
| Profit (loss) carried forward14 | - | - | -€2,830 | - | -€25,297 | - |
| Amounts payable17/49 | €311,200 | €273,332 | €60,314 | €23,991 | €31,699 | ▲ 32.1% |
| Amounts payable within one year42/48 | €311,200 | €273,332 | €60,314 | €23,991 | €31,699 | ▲ 32.1% |
| Trade debts44 | €287 | - | - | - | - | - |
| Suppliers440/4 | €287 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €615 | €10,844 | €384 | €9,729 | €294 | ▼ 97.0% |
| Taxes450/3 | €615 | €10,844 | €384 | €9,729 | €294 | ▼ 97.0% |
| Other amounts payable47/48 | €310,298 | €262,487 | €59,929 | €14,262 | €31,405 | ▲ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,181 | €100,788 | -€25,803 | €12,599 | -€25,297 | ▼ 301% |
| + Depreciation and write-downs630 | €22,608 | €16,664 | €16,664 | €16,664 | €14,781 | ▼ 11.3% |
| Operating cash flow (approximation) | €8,427 | €117,452 | -€9,139 | €29,264 | -€10,516 | ▼ 136% |
| Investment in fixed assets (approximation) | - | €148,028 | €0 | €0 | €0 | - |
| Change in cash | - | €231,612 | -€222,157 | -€7,059 | -€2,808 | ▲ 60.2% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €12,599
Net result €12,599 after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€25,803
Net result drops to -€25,803, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €100,788
Net result €100,788 after 4 loss-making years.
31-12
Financial
Equity above €150,000Eq €191,411 ▲111%
Equity rises from €90,624 to €191,411.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Keerbergen · 1 establishment unit since 2004
Ground area
2,961 m²
Building footprint
224 m²
Volume, LiDAR
1,231 m³
Parcel 24472E0288/00A000, Flanders · tallest building 17.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WAVELETS
since 20042.139.391.022
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472E0288/00A000 | Flanders | 2,961 m² | 1 · 224 m² | 17.0 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
Founded08-07-2004
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.