WAVEMATE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of WAVEMATE is 0.8% (low). The 2025 annual accounts show equity of €31k and a net result of €15k. Equity is growing by ~96.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 1090 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	30-01-2026	1 d early	2026-00021494
30-06-2024	31-01-2025	11-08-2025	192 d late	2025-00369575
30-06-2023	31-01-2024	29-02-2024	29 d late	2024-00036770
30-06-2022	31-01-2023	31-01-2023	on the day	2023-00011933

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.8% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€15k-9.3%

Working capital€27k+102.9%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~96.8%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 82 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	62.7%	51.3%	better than 58% of 1090 sector peers
Net result	€15k	€24k	better than 39% of 1090 sector peers
Equity	€31k	€51k	better than 39% of 1091 sector peers
Gross operating margin	€23k	€45k	better than 29% of 1090 sector peers
Total assets	€50k	€117k	better than 21% of 1092 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P58

Improving position over 2022-2025 · n=1090-3178

Net result P39

Stable position over 2022-2025 · n=1090-3177

Equity P39

Improving position over 2022-2025 · n=1091-3180

Gross operating margin P29

Stable position over 2022-2025 · n=1090-3177

Describes the position versus peers, not a forecast.

EBITDA

€22k

+12.3% 22-25

Net profit

€15k

-9.3% 22-25

Cash flow

€17k

-1.6% 22-25

Total assets

€50k

+130.7% 22-25

Equity

€31k

+91.6% 22-25

Working capital

€27k

+102.9% 22-25

Income taxes

€5k

+152.5% 22-25

Debt

€19k

+251.1% 22-25

Show 9 other metrics

Debt ≤ 1y

€19k

+251.1% 22-25

Debt > 1y

€6k

- 22-25

Current ratio

2.44

-30.1% 22-25

Quick ratio

2.44

-30.1% 22-25

Solvency

62.7%

-17.0% 22-25

Debt / equity

0.60

+83.3% 22-25

ROE

47.8%

-52.6% 22-25

ROA

30.0%

-60.7% 22-25

Interest coverage

51.07

-26.0% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€22k
Net profit	€15k
Cash flow	€17k
Staff costs	-
Income taxes	€5k
Dividends	-
Total assets	€50k
Equity	€31k
Debt	€19k
of which ≤ 1y	€19k
of which > 1y	-
Working capital	€27k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	2.44
Quick ratio	2.44
Working capital ratio	53.9%
Solvency	62.7%
Debt / equity	0.60
Long-term debt ratio	-
Interest coverage	51.07
Gross margin	-
Net margin	-
ROA	30.0%
ROE	47.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €4k · 8.8% Current assets €46k · 91.2%

Equity & liabilities

Equity €31k · 62.7% Debt €19k · 37.3%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€50k
Fixed assets	21/28	€4k
Tangible fixed assets	22/27	€4k
Current assets	29/58	€46k
Amounts receivable within one year	40/41	€38k
Cash & bank	54/58	€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€50k
Equity	10/15	€31k
Contributions / capital	10/11	€25k
Reserves	13	€6k
Amounts payable	17/49	€19k
Amounts payable within one year	42/48	€19k
Trade debts payable within one year	44	€5k
Income statement
Gross operating margin	9900	€23k
Operating result	9901	€20k
Financial income	75	€984
Financial charges	65	€436
Result before taxes	9903	€20k
Income taxes	67/77	€5k
Net result for the period	9904	€15k
Result to be appropriated	9905	€15k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

93 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

WAVEMATE

Koekheideweg(LIN) 4, 3210 LubbeekOverige zakelijke dienstverlening, neg

since 20212.320.927.116

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area3,858 m²

Buildings1

Building footprint190 m²

Volume (LiDAR)934 m³

Tallest building7.6 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24063B0096/00F000	Flanders	3,858 m²	1 · 190 m²	7.5 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 3 acts read

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.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.