Turnover
The micro format states no turnover.
The micro format states no turnover.
The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 39% of them on solvency, 26% on liquidity, 33% on profitability and 28% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
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).
In July 2024, 2,145 companies had the same profile as WaveXpert has now. Each dot stands for 6 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WaveXpert itself: 0.5% within 12 months.
The method was tested on the 497,447 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 2,145 companies, not a prediction for WaveXpert. 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.
Liquidity is insufficient, with a current ratio of 0.89 (0.78 in 2024), below 1. Short-term debt is 62.8% and cash 20.6% of total assets. 63.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 18 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.
| Company | ||||
|---|---|---|---|---|
| WaveXpert Rixensart | €51,015 | €5,702 | 36.6% | - |
| VeldemasHRPC Rotselaar | €46,734 | €5,122 | 75.0% | - |
| MINDSTRUCTURES Duffel | €49,902 | €7,148 | 73.4% | - |
| Sampironi Kapellen | €47,264 | €6,022 | -18.2% | - |
| NAKITI Sprimont | €58,854 | €5,134 | 37.5% | - |
| BURO Mortsel | €48,472 | €6,596 | 86.5% | - |
| Leadbox Destelbergen | €45,168 | €7,363 | 54.4% | - |
These companies have the same main activity as WaveXpert: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €45,200 and €58,900, founded between 2022 and 2023.
WaveXpert has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,649 and a net result of -€3,079.
Its solvency ranks better than 37% of 8,611 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €35,000. Estimated: probably between €15,000 and €59,000.
Higher than 37% of 8,611 companies in 2025.
Higher than 20% of 8,288 companies in 2025.
Higher than 17% of 8,397 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
51,015 | 52,445 | |
21/28 |
22,405 | 28,805 | |
22/27 |
22,405 | 28,805 | |
24 |
22,405 | 28,805 | |
29/58 |
28,610 | 23,640 | |
40/41 |
16,173 | 10,953 | |
40 |
11,049 | 8,773 | |
41 |
5,124 | 2,180 | |
54/58 |
10,498 | 11,475 | |
490/1 |
1,938 | 1,212 | |
| Balance sheet: equity and liabilities | |||
10/49 |
51,015 | 52,445 | |
10/15 |
18,649 | 21,728 | |
10/11 |
5,000 | 5,000 | |
14 |
13,649 | 16,728 | |
17/49 |
32,366 | 30,717 | |
42/48 |
32,041 | 30,467 | |
44 |
229 | 194 | |
440/4 |
229 | 194 | |
45 |
4,999 | 1,727 | |
450/3 |
4,999 | 1,727 | |
47/48 |
26,813 | 28,546 | |
492/3 |
325 | 250 | |
| Income statement | |||
9900 |
5,702 | 31,417 | |
630 |
7,474 | 8,057 | |
640/8 |
321 | 780 | |
9901 |
-2,093 | 22,579 | |
75/76B |
39 | - | |
75 |
39 | - | |
65/66B |
150 | 187 | |
65 |
150 | 187 | |
9903 |
-2,203 | 22,392 | |
67/77 |
876 | 5,664 | |
9904 |
-3,079 | 16,728 | |
9905 |
-3,079 | 16,728 | |
| Appropriation of the result | |||
9906 |
13,649 | 16,728 | |
14P |
16,728 | - | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 5,382 | 30,637 | ||
| 4,395 | 24,785 | ||
| 1,074 | 36,862 | ||
| -976 | - | ||
| -3,432 | -6,827 | ||
| 36.6% | 41.4% | ||
| 0.89 | 0.78 | ||
| 1.74 | 1.41 | ||
| -16.5% | 77.0% | ||
| -6.0% | 31.9% | ||
| 35.88 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €1,074 | €36,862 |
| €7,474 | €8,057 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €2,093, after a profit of €22,579 in 2024.
Debt's share of the balance-sheet total rises from 58.6% to 63.4%. Equity is lower and debt is higher.
WaveXpert has no parent and no holdings in its annual accounts. DEGOBERT Morgane Claudine is the only director. WaveXpert shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
WaveXpert was incorporated on 20 June 2023 as a private limited company by one natural person, with a starting capital of €5,000.12 Since 2023, DEGOBERT Morgane Claudine has served as director.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Avenue de Villefranche 70 registered office 1330 Rixensart | 20-06-2023 | 2.346.709.617 |
| Visserijstraat 79 1170 Watermael-Boitsfort | 06-01-2026 | 2.384.895.547 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21017D0205/00G000 | Brussels | 1.2 ha | 1 · 646 m² | 30.2 m · 9 |
| 25091B0169/00R000 | Wallonia | 4,295 m² | 1 · 416 m² | 7.6 m · 2 |
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