Wavemakers
ActiveSummary
Wavemakers has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €394,896 and a net result of €132,281. Equity has been growing by about 35% per year since 2019. Its solvency ranks better than 58% of 2,087 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-01-2013 Normal situation
- Activity
- Public relations and communication consultancy NACE 73300and 1 other
- Establishment units
- 2.215.459.016 9250 Waasmunster, since 07-01-2013
- 2.274.965.447 9100 Sint-Niklaas, since 01-04-2018
- Financial year end
- 30 June
- Peppol
- Reachable since 21-10-2025
Board and ownership
- CommV Make. Things.Move.Director · permanent representative Elke De Mayer
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €593,729
- ▲ 23.8%
- Turnover
- ≈ €1.2m
- estimated
- Profit
- €132,281
- ▲ 550%
- Equity
- €394,896
- ▲ 4.1%
- Total assets
- €736,727
- ▼ 10.1%
- Staff
- 5.5 FTE
- ▼ 6.8%
- 2025 accounts filed 2 days after the deadline
Score breakdownlowers riskLiquidity: current ratio 2.00, cash €190,421Equity €394,896 (53.6% of total assets)Figures for financial year 2025 (filed on 20-01-2026)Founded in 2013Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 52% of them on solvency, 57% on liquidity, 68% on profitability and 53% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 02-02-2026 PDF all 12 filings
Every figure per financial year
The operating result for 2025 is 4.1 times that of 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 30-06-2022 |
|---|---|
| Employees at the balance-sheet date | 6 |
| full-time | 6 |
| part-time | 0 |
| in full-time equivalents | 6 |
| Average over the year, in full-time equivalents | 5.9 |
| On a permanent contract | 6 |
| Joined | 8 |
| Left | 8 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €51,995 | €75,134 | €47,646 | €1,147 |
| Intangible fixed assets | €38,517 | €44,880 | €35,506 | €43,030 |
| Depreciation and write-downs of the year | €38,491 | €53,938 | €69,138 | €68,240 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €3,053 awarded · €3,053 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €53 | €53 |
| 2022 | 1 | €3,000 | €3,000 |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €325,543 | €280,661 | €352,424 | €373,936 | ▲ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,952 | €17,503 | €16,382 | €38,491 | €53,938 | €69,138 | €68,240 | ▼ 1.3% |
| Other operating charges640/8 | - | - | - | €9,987 | €5,971 | €22,647 | €6,882 | ▼ 69.6% |
| Gross operating margin9900 | €125,726 | €184,520 | €410,753 | €624,202 | €530,347 | €479,436 | €593,729 | ▲ 23.8% |
| Operating profit (loss)9901 | €25,818 | €70,804 | €179,689 | €250,181 | €189,777 | €35,228 | €144,671 | ▲ 311% |
| Financial income75/76B | - | - | - | €8,019 | €5,060 | €7,631 | €11,226 | ▲ 47.1% |
| Recurring financial income75 | €0 | €180 | €3 | €8,019 | €5,060 | €7,631 | €11,226 | ▲ 47.1% |
| Financial charges65/66B | - | - | - | €4,287 | €5,402 | €5,198 | €4,632 | ▼ 10.9% |
| Recurring financial charges65 | €585 | €872 | €1,244 | €4,287 | €5,402 | €5,198 | €4,632 | ▼ 10.9% |
| Profit (loss) for the period before taxes9903 | €25,232 | €70,112 | €178,448 | €253,913 | €189,435 | €37,661 | €151,265 | ▲ 302% |
| Income taxes67/77 | €8,430 | €21,023 | €38,863 | €45,945 | €29,594 | €17,300 | €18,984 | ▲ 9.7% |
| Profit (loss) for the period9904 | €16,802 | €49,089 | €139,585 | €207,969 | €159,841 | €20,361 | €132,281 | ▲ 550% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €36,816 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €36,816 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €16,802 | €49,089 | €139,585 | €207,969 | €123,026 | €20,361 | €169,097 | ▲ 730% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €146,120 | €195,990 | €501,931 | €696,517 | €780,793 | €819,731 | €736,727 | ▼ 10.1% |
| Fixed assets21/28 | €25,298 | €32,083 | €87,525 | €124,023 | €183,633 | €197,647 | €157,371 | ▼ 20.4% |
| Intangible fixed assets21 | €2,127 | €5,763 | €21,138 | €46,546 | €69,198 | €75,375 | €81,645 | ▲ 8.3% |
| Tangible fixed assets22/27 | €23,171 | €26,320 | €65,887 | €77,476 | €114,435 | €122,272 | €75,727 | ▼ 38.1% |
| Plant, machinery and equipment23 | - | - | - | - | €1,992 | €3,631 | €2,663 | ▼ 26.7% |
| Furniture and vehicles24 | - | - | - | €71,460 | €107,233 | €114,237 | €69,466 | ▼ 39.2% |
| Other tangible fixed assets26 | - | - | - | €6,017 | €5,211 | €4,404 | €3,598 | ▼ 18.3% |
| Financial fixed assets28 | - | - | €500 | - | - | - | - | - |
| Current assets29/58 | €120,822 | €163,908 | €414,407 | €572,494 | €597,160 | €622,084 | €579,356 | ▼ 6.9% |
| Amounts receivable within one year40/41 | €47,944 | €39,902 | €124,642 | €371,501 | €322,742 | €511,614 | €375,820 | ▼ 26.5% |
| Trade receivables40 | - | - | - | €266,685 | €208,191 | €331,634 | €187,001 | ▼ 43.6% |
| Other amounts receivable41 | - | - | - | €104,816 | €114,551 | €179,981 | €188,819 | ▲ 4.9% |
| Cash at bank and in hand54/58 | €72,878 | €97,162 | €261,007 | €197,158 | €264,925 | €99,944 | €190,421 | ▲ 90.5% |
| Deferred charges and accrued income490/1 | - | - | - | €3,835 | €9,493 | €10,526 | €13,115 | ▲ 24.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €146,120 | €195,990 | €501,931 | €696,517 | €780,793 | €819,731 | €736,727 | ▼ 10.1% |
| Equity10/15 | €66,372 | €115,461 | €205,046 | €308,015 | €357,856 | €379,417 | €394,896 | ▲ 4.1% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €18,600 | €18,600 | = |
| Reserves13 | €38,662 | €87,751 | €177,337 | €172,337 | €199,152 | €194,152 | €140,535 | ▼ 27.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | €36,816 | €36,816 | - | - |
| Distributable reserves133 | - | - | - | €170,477 | €160,477 | €157,337 | €140,535 | ▼ 10.7% |
| Profit (loss) carried forward14 | €15,310 | €15,310 | €15,310 | €123,278 | €146,304 | €166,665 | €235,762 | ▲ 41.5% |
| Amounts payable17/49 | €79,748 | €80,529 | €296,885 | €388,502 | €422,937 | €440,313 | €341,831 | ▼ 22.4% |
| Amounts payable after more than one year17 | €10,475 | €16,719 | €57,632 | €51,856 | €73,141 | €58,251 | €27,479 | ▼ 52.8% |
| Financial debts170/4 | - | - | - | €51,856 | €73,141 | €58,251 | €27,479 | ▼ 52.8% |
| Amounts payable within one year42/48 | €69,273 | €63,811 | €239,253 | €336,646 | €315,762 | €339,621 | €290,369 | ▼ 14.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €35,630 | €42,747 | €50,256 | €39,993 | ▼ 20.4% |
| Trade debts44 | €16,833 | €6,616 | €26,466 | €45,199 | €55,717 | €133,149 | €37,516 | ▼ 71.8% |
| Suppliers440/4 | - | - | - | €45,199 | €55,717 | €133,149 | €37,516 | ▼ 71.8% |
| Taxes, remuneration and social security45 | - | - | - | €138,439 | €87,220 | €141,970 | €100,296 | ▼ 29.4% |
| Taxes450/3 | - | - | - | €64,405 | €29,715 | €29,695 | €27,164 | ▼ 8.5% |
| Remuneration and social security454/9 | - | - | - | €74,033 | €57,505 | €112,275 | €73,133 | ▼ 34.9% |
| Other amounts payable47/48 | - | - | - | €117,379 | €130,078 | €14,247 | €112,563 | ▲ 690% |
| Accrued charges and deferred income492/3 | - | - | - | - | €34,035 | €42,441 | €23,983 | ▼ 43.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,802 | €49,089 | €139,585 | €207,969 | €159,841 | €20,361 | €132,281 | ▲ 550% |
| + Depreciation and write-downs630 | €14,952 | €17,503 | €16,382 | €38,491 | €53,938 | €69,138 | €68,240 | ▼ 1.3% |
| Operating cash flow (approximation) | €31,754 | €66,592 | €155,967 | €246,459 | €213,779 | €89,500 | €200,521 | ▲ 124% |
| Investment in fixed assets (approximation) | - | -€24,288 | -€71,824 | -€74,989 | -€113,549 | -€83,152 | -€27,964 | ▲ 66.4% |
| Change in cash | - | €24,284 | €163,844 | -€63,849 | €67,767 | -€164,981 | €90,477 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as Wavemakers has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Wavemakers itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for Wavemakers. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 02-02-2026 | 2026-00028448 | |
| 30-06-2024 | abbreviated format | 28-01-2025 | 2025-00013491 | |
| 30-06-2023 | abbreviated format | 23-01-2024 | 2024-00004764 | |
| 30-06-2022 | micro format | 20-02-2023 | 2023-00029085 | |
| 30-06-2021 | micro format | 20-01-2022 | 2022-01300184 | |
| 30-06-2020 | micro format | 02-02-2021 | 2021-04300252 | |
| 30-06-2019 | micro format | 17-12-2019 | 2019-76700310 | |
| 30-06-2018 | micro format | 24-12-2018 | 2018-75400127 | |
| 30-06-2017 | micro format | 21-12-2017 | 2017-72400503 | |
| 30-06-2016 | abbreviated format | 15-12-2016 | 2016-70000098 |
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Capital transactions
- 23-06-2025 Converted to unavailable equity · €18,600
- 23-06-2025 Converted to unavailable equity · €1,860
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| CommV Make. Things.Move. |
|
| Make.Things.Move. |
|
| De Mayer Elke |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager, helft koper(s) naar evenredigheid, verplicht om toestemming te vragen volgens dezelfde formaliteiten”
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Ontbinding, De vennootschap kan op elk moment worden ontbonden door beslissing van de algemene vergadering beslissende in de vormen vereist…”
Articles of association, deed of 23-06-2025 (in Dutch)
Network & group
Wavemakers shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of Wavemakers. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
23-06
Gazette deed
Change of role: Make.Things.Move., from manager to directorPermanent representative: De Mayer Elke · Director discharge: Make.Things.Move. (manager)8 points ▸
- General meeting, 11-06-2025
- 100 shares
- Director resignation, Make.Things.Move. (manager)
- Director appointment, Make.Things.Move. (director (not named in the articles))
- Permanent representative, De Mayer Elke
- Director discharge, Make.Things.Move. (manager)
- Registered office clause, Oudeheerweg-Heide 98, 9250 Waasmunster
- Power of attorney, Wavemakers
- The deed holds 5 more points.
25-06
Gazette deed
1 director appointed, 1 director resigningResignation: Elke De Mayer (director) · Appointment: CommV Make. Things.Move. (director) · Permanent representative: Elke De Mayer5 points ▸
- General meeting, 19-12-2023
- Director resignation, Elke De Mayer (director (not named in the articles))
- Director discharge, Elke De Mayer (director (not named in the articles))
- Director appointment, CommV Make. Things.Move. (director (not named in the articles))
- Permanent representative, Elke De Mayer
- The deed holds 1 more point.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
36 activities
- Het organiseren, ontwikkelen, ontwerpen, exploiteren, installeren, begeleiden en commercialiseren van alle vormen van communicatie, public relations, communicatietrainingen, evenementen en promotie allerlei, en aanverwante activiteiten zonder limitatief te zijn
- Alle activiteiten van een publiciteitsonderneming en full-service reclame, marketing, en PRbureau in het bijzonder het ontwerpen, begeleiden en exploiteren van elke vorm van communicatie via alle gangbare middelen en technieken
- Strategisch communicatiemanagement en implementatie van communicatieplanning
- Alle activiteiten in het kader van persmanagement, PR en communicatietrainingen, het verlenen van diensten en adviezen, het geven van opleidingen en cursussen in de meest ruime zin van het woord, aan bedrijven en ondernemingen, onder meer op het vlak van media, persrelaties, presentatietechnieken, communicatie en publiciteit
- Copywriting en redactie inclusief uitgeven van publicaties
- Het creëren, uitvoeren en verspreiden van audiovisuals en andere geluid- en beeldopnames
- Het optreden als uitgever, producer en inrichter van evenementen
- Het optreden als woordvoerder of communicatieverantwoordelijke
- Organisatie van evenementen, informatieavonden, infornarkten, persevenementen en elke andere vorm van informatie en communicatieverspreiding en overdracht, branding en marktonderzoek
- Consultancy en aanverwante activiteiten zonder limitatief te zijn
- Het verlenen van adviezen, van financiële, technische, commerciële of administratieve aard rechtstreeks of onrechtstreeks op het gebied van management en beheer van ondernemingen en dit in de ruimste zin, op het gebied van communicatie en negociatie in het bijzonder
- Het voeren van management en consultancy opdrachten, participatie onder de vorm van organisatiestudies, expertises, raadgevingen op alle gebied bij ondernemingen en dit in de ruimste zin
- Het voeren van interim-management bij bedrijven
- Het begeleiden van algemene directies in het dagelijks bestuur, de operationele leiding en het doorvoeren van reorganisaties binnen bedrijven
- Het geven van opleidingen, sessies en consultancy in bedrijven en managementscholen
- Alle mogelijke diensten aan ondernemingen met betrekking tot hun operationeel, commercieel, administratief, inkoop- en negociatiebeleid
- Nationale en internationale consultancy en projectsturing, voornamelijk op het vlak van communicatie, inkoop en negociatle
- Het verlenen van organisatie, advies en training en meer bepaald organiseren van managementopleidingen en begeleiding
- Projectbegeleiding binnen organisaties zoals veranderingsprocessen, organisatiecultuurprocessen en dergelijke
- Het optreden als studie-, organisatie, en raadgevend bureau
- De organisatie van studiedagen, seminaries, debatten de organisatie van opleidingen en personeel, alsook de volledige service daarvoor nodig
- Het verstrekken van diensten op gebied van bedrijfsorganisatie, bedrijfsbegeleiding, marktstudies, inkooporganisaties en negociatietechnieken
- De organisatie van inkoop- en aankoopdiensten van ondernemingen
- De vennootschap zal bevoegd zijn alle handelingen zonder uitzonderingen te verrichten, die daartoe noodzakelijk, nuttig of zelfs alleen maar bevorderlijk zijn
- De publiciteit onder alle vormen en het uitvoeren van alle werken die voor verwezenlijking van publiciteit noodzakelijk zijn, zonder enige beperking
- Het aanbieden van totaaloplossingen voor de integratie van publicitaire media binnen de bedrijfscommunicatie
- Het adviseren en begeleiden van organisaties bij het optimaliseren van hun interne en externe communicatie en sociale media
- Het onderzoek, de ontwikkeling, vervaardiging of commercialisering van nieuwe of bestaande producten, technologieën en hun toepassingen in de breedste zin van het woord
- Alle handelingen op het vlak van vastgoed en immobiliën, onder meer de aankoop, verkoop, ruil, beheer, verhuur, leasing en eventuele financiële of andere technieken om onroerende goederen te verwerven, te verhandelen, en zo meer, in de meest ruime zin van het woord
- Het bemiddelen bij het tot stand komen van consultancy opdrachten in de meest brede zin
- Het verlenen van diensten, het onderzoek, de raadgeving, de administratieve en commerciële organisatie in de meest ruime zin, onder meer in financiële, handels-, fiscale en sociale aangelegenheden
- Het ontwikkelen, kopen, verkopen, het in licentie geven van octrooien, exclusieve en andere rechten, knowhow en andere aanverwante immateriële vaste activa
- De vennootschap is gerechtigd alle industriële, handels-, financiële, roerende en onroerende handelingen te verrichten die rechtstreeks of onrechtstreeks bij het maatschappelijk voorwerp aansluiten of er de verwezenlijking van kunnen bevorderen
- De vennootschap mag door middel van inbreng, samensmelting, inschrijving of om het even op welke wijze, deelnemen aan alle ondernemingen en vennootschappen die een gelijkaardig of verwant voorwerp nastreven
- De vennootschap mag tevens licenties en andere gelijkaardige rechten in binnen- en buitenland toestaan
- Ze kan ook functies van bestuurder of vereffenaar van andere vennootschappen uitoefenen in de meest ruime zin
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42023B0512/00W000 | Flanders | 573 m² | 1 · 110 m² | 7.7 m · 2 |
| 46443E2022/00D000 | Flanders | 322 m² | 1 · 335 m² | 20.1 m · 4 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.