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Waveplus

Active
Private limited companyfounded 20241 year activeStationsstraat 129, 1770 Liedekerke, BelgiumKBO/BCE: BE 1017.571.768
Summary

The annual accounts of Waveplus for fiscal year 2025 show a net loss of 51% of total assets. The 2025 annual accounts show equity of €18,090 and a net result of -€31,910. Its solvency ranks better than 26% of 20,943 sector peers (NACE 62, fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).

Financials · fiscal year 2025, micro schema

Equity
€18,090
Total assets
€63,061
Net result
-€31,910
Working capital
-€39,227

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €63,061
Fixed assets €57,316
Current assets €5,744
Equity and liabilities €63,061
Equity €18,090
Debt €44,971
Debt finances 71.3% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
-€23,319
Cash flow
-€23,677
Current ratio
0.13
Debt to equity
2.49
ROE
-176.4%
ROA
-50.6%
Interest coverage
-56.49
Debt ≤ 1 year
€44,971

Peer companies

Historical observation

Of the 177 companies that looked in July 2024 the way this one looks now, 3.4% went bankrupt within 24 months and 92% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
3.4% went bankrupt
5.1% stopped otherwise
92% still going

For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 177 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
Filed annual accounts As filed with the NBB · 2025 · 29 lines
Balance sheet Code2025
Assets
Total assets20/58€63,061
Fixed assets21/28€57,316
Intangible fixed assets21€57,316
Current assets29/58€5,744
Amounts receivable within one year40/41€2,659
Other amounts receivable41€2,659
Cash at bank and in hand54/58€1,551
Deferred charges and accrued income490/1€1,534
Equity and liabilities
Total equity and liabilities10/49€63,061
Equity10/15€18,090
Contributions10/11€50,000
Profit (loss) carried forward14-€31,910
Amounts payable17/49€44,971
Amounts payable within one year42/48€44,971
Trade debts44€6,893
Suppliers440/4€6,893
Other amounts payable47/48€38,078
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,233
Other operating charges640/8€1,687
Gross operating margin9900-€21,632
Operating profit (loss)9901-€31,552
Financial income75/76B€55
Recurring financial income75€55
Financial charges65/66B€413
Recurring financial charges65€413
Profit (loss) for the period before taxes9903-€31,910
Profit (loss) for the period9904-€31,910
Profit (loss) for the period to be appropriated9905-€31,910
Appropriation of the result
Profit (loss) to be appropriated9906-€31,910

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,233
Other operating charges640/8€1,687
Gross operating margin9900-€21,632
Operating profit (loss)9901-€31,552
Financial income75/76B€55
Recurring financial income75€55
Financial charges65/66B€413
Recurring financial charges65€413
Profit (loss) for the period before taxes9903-€31,910
Profit (loss) for the period9904-€31,910
Profit (loss) for the period to be appropriated9905-€31,910
Line2025
Assets
Total assets20/58€63,061
Fixed assets21/28€57,316
Intangible fixed assets21€57,316
Current assets29/58€5,744
Amounts receivable within one year40/41€2,659
Other amounts receivable41€2,659
Cash at bank and in hand54/58€1,551
Deferred charges and accrued income490/1€1,534
Equity and liabilities
Total equity and liabilities10/49€63,061
Equity10/15€18,090
Contributions10/11€50,000
Profit (loss) carried forward14-€31,910
Amounts payable17/49€44,971
Amounts payable within one year42/48€44,971
Trade debts44€6,893
Suppliers440/4€6,893
Other amounts payable47/48€38,078
Line2025
Profit (loss) for the period9904-€31,910
+ Depreciation and write-downs630€8,233
Operating cash flow (approximation)-€23,677

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Similar companies · same sector, comparable size

Of 16,972 companies in this sector we hold annual accounts for 9,000. 5,797 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2025 · 1 entry · €435 awarded · €435 paid
Year Entries awardedpaid
2025 1 €435€435
Schemes
1 entry · €435 · €435 paid · Fonds voor Innoveren en Ondernemen