WAVENET
ActiveWAVENET has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €19.19M and a net result of €6.09M. Equity is growing by ~41.2% per year across the filed fiscal years. Its solvency ranks better than 74% of 1546 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability97▼-3
Solvency94▼-4
Growth84▲+2
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.6M at 30 days acceptable
Liquidity ample (current ratio 3.03 against 3.63 in 2023; short-term debt: 28.1% and cash: 6.3% of total assets), and 31.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
68.6%
Return on assets
21.8%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
33 d early
2022
34 d early
2021
26 d early
2020
4 d late
2019
13 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€31.76M▲ 23.7%
2023 · €25.67M
2018: €11.35M
2019: €13.52M
2020: €14.36M
2021: €17.60M
2022: €20.86M
2023: €25.67M
2018 → 2024
EBIT margin
23.4%▼ 4.0pp
2023 · 27.4%
2018: 14.9%
2019: 20.4%
2020: 27.1%
2021: 34.5%
2022: 31.0%
2023: 27.4%
2018 → 2024
Net result
€6.09M▲ 5.6%
2023 · €5.77M
2018: €1.20M
2019: €2.03M
2020: €3.04M
2021: €5.23M
2022: €4.89M
2023: €5.77M
2018 → 2024
Working capital
€15.97M▲ 22.3%
2023 · €13.06M
2018: €2.12M
2019: €3.37M
2020: €5.05M
2021: €7.10M
2022: €9.25M
2023: €13.06M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€14.36M-€17.60M▲ 22.6%€20.86M▲ 18.5%€25.67M▲ 23.1%€31.76M▲ 23.7%
Equity€5.48M-€8.54M▲ 55.7%€11.37M▲ 33.2%€16.08M▲ 41.4%€19.19M▲ 19.3%
Operating result€3.88M-€6.07M▲ 56.2%€6.46M▲ 6.4%€7.03M▲ 8.9%€7.42M▲ 5.5%
Net result€3.04M-€5.23M▲ 71.8%€4.89M▼ 6.4%€5.77M▲ 17.8%€6.09M▲ 5.6%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 5% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €27.99M
Fixed assets
€4.16M▲ 3.4%
Current assets
€23.83M▲ 32.1%
Equity and liabilities €27.99M
Equity
€19.19M▲ 19.3%
Debt
€8.80M▲ 47.2%
The debt ratio rises from 27.1% to 31.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9.01M▲
2023 · €8.36M
Cash flow
€7.68M▲
2023 · €7.09M
Solvency
68.6%▼
2023 · 72.9%
Current ratio
3.03▼
2023 · 3.63
Quick ratio
3.03▼
2023 · 3.63
Debt / equity
0.46▲
2023 · 0.37
ROE
31.7%▼
2023 · 35.9%
ROA
21.8%▼
2023 · 26.1%
Interest coverage
243.79▼
2023 · 340.18
Debt
€8.80M▲
2023 · €5.98M
Debt ≤ 1 year
€7.86M▲
2023 · €4.97M
Debt > 1 year
€923k▼
2023 · €1.00M
Income taxes
€1.82M▲
2023 · €1.64M
Staff costs
€13.37M▲
2023 · €10.83M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€22.05M€27.99M▲
Fixed assets21/28€4.02M€4.16M▲
Intangible fixed assets21€960k€1.07M▲
Tangible fixed assets22/27€2.80M€2.81M▲
Plant, machinery and equipment23€15k€37k▲
Furniture and vehicles24€2.02M€2.07M▲
Leasing and similar rights25€744k€667k▼
Other tangible fixed assets26€22k€33k▲
Financial fixed assets28€259k€284k▲
Other financial fixed assets284/8€259k€284k▲
Shares284€250€250=
Amounts receivable and cash guarantees285/8€258k€284k▲
Current assets29/58€18.03M€23.83M▲
Amounts receivable after more than one year29-€394k
Other amounts receivable291-€394k
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€6.05M€6.28M▲
Trade receivables40€5.99M€6.28M▲
Other amounts receivable41€62k€0▼
Current investments50/53€10.28M€15.28M▲
Other investments51/53€10.28M€15.28M▲
Cash at bank and in hand54/58€1.62M€1.75M▲
Deferred charges and accrued income490/1€79k€124k▲
Equity and liabilities
Total equity and liabilities10/49€22.05M€27.99M▲
Equity10/15€16.08M€19.19M▲
Contributions10/11€19k€19k=
Reserves13€3.70M€4.70M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€3.00M€3.65M▲
Distributable reserves133€696k€1.05M▲
Profit (loss) carried forward14€12.22M€14.34M▲
Investment grants15€146k€137k▼
Amounts payable17/49€5.98M€8.80M▲
Amounts payable after more than one year17€1.00M€923k▼
Financial debts170/4€1.00M€923k▼
Leasing and similar obligations172€1.00M€923k▼
Amounts payable within one year42/48€4.97M€7.86M▲
Current portion of amounts payable after more than one year42€78k€78k=
Trade debts44€672k€444k▼
Suppliers440/4€672k€444k▼
Advances received on contracts in progress46€277k€695k▲
Taxes, remuneration and social security45€2.74M€3.34M▲
Taxes450/3€683k€904k▲
Remuneration and social security454/9€2.05M€2.43M▲
Other amounts payable47/48€1.21M€3.31M▲
Accrued charges and deferred income492/3€1k€15k▲
Income statement
Code20232024
Operating income70/76A€26.90M€32.60M▲
Turnover70€25.67M€31.76M▲
Own construction capitalised72€618k€231k▼
Other operating income74€518k€570k▲
Non-recurring operating income76A€91k€41k▼
Operating charges60/66A€19.86M€25.18M▲
Goods for resale, raw materials and consumables60€5.82M€7.86M▲
Purchases600/8€5.82M€7.86M▲
Services and other goods61€1.84M€2.25M▲
Remuneration, social security and pensions62€10.83M€13.37M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.33M€1.59M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-5k€0▲
Other operating charges640/8€50k€48k▼
Non-recurring operating charges66A-€61k
Operating profit (loss)9901€7.03M€7.42M▲
Financial income75/76B€257k€437k▲
Recurring financial income75€257k€437k▲
Income from current assets751€162k€377k▲
Other financial income752/9€95k€61k▼
Financial charges65/66B€-115k€-48k▲
Recurring financial charges65€-115k€-48k▲
Debt charges650€25k€37k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-170k€-127k▲
Other financial charges652/9€30k€42k▲
Profit (loss) for the period before taxes9903€7.41M€7.90M▲
Income taxes67/77€1.64M€1.82M▲
Taxes670/3€1.64M€1.83M▲
Tax adjustments and reversals of tax provisions77€0€10k▲
Profit (loss) for the period9904€5.77M€6.09M▲
Transfer from tax-exempt reserves789€360k€349k▼
Transfer to tax-exempt reserves689€1,000k€1,000k=
Profit (loss) for the period to be appropriated9905€5.12M€5.44M▲
Appropriation of the result
Profit (loss) to be appropriated9906€13.55M€17.66M▲
Profit (loss) brought forward from the previous period14P€8.42M€12.22M▲
Transfer to equity691/2€360k€349k▼
To other reserves6921€360k€349k▼
Profit to be distributed694/7€970k€2.97M▲
Return on contributions (dividend)694€0€2.00M▲
Directors or managers695€970k€970k=
Social balance
Average headcount (FTE)9087140.6165.9▲
The notes to these accounts (73 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
04-09
State Gazette act
General meeting · Director resignationGeneral meeting · Director resignation3 facts ▸
State Gazette act
General meeting · Director resignation
General meeting · Director resignation3 facts ▸
- General meeting, 2026-08-01
- Director resignation, 4-Pi-R SRL (administrateur)
- Director resignation, 4-Pi-R SRL (administrateur délégué)
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Highest result since 2018net €6.09M ▲5.6%
Operating result €7.42M, net result €6.09M, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial
Equity above €10MEq €11.37M ▲33.2%
5 profitable years in a row build equity to €11.37M.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 4 days late
2020
31-12
Financial
Equity above €5MEq €5.48M ▲35.8%
3 profitable years in a row build equity to €5.48M.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-08-2026
4 - PI - R: Resigned as Managing director
01-08-2026
4 - PI - R: Resigned as Director
09-12-2025
VANBEL: Resigned as Director
Location & real-estate footprint
Registered office, Leuze-en-Hainaut · 1 establishment unit since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de l'Artisanat(L) 167900 Leuze-en-HainautGround area
8,167 m²
Building footprint
1,202 m²
Volume, LiDAR
6,673 m³
Parcel 57048A0694/00G000, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Artisanat(L) 16, 7900 Leuze-en-Hainaut
since 19992.092.301.480
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57048A0694/00G000 | Wallonia | 8,167 m² | 1 · 1,202 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
875500BLOWXEB873C517
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EASICS
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VOXBONE
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,741. 95 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-09-1999
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
72100
72600
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.