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Well Wave

Active
Private limited companyfounded 20233 yrs activeAugustin Delportestraat 48, 1050 Elsene, BelgiumKBO/BCE: BE 0805.797.311
Summary

Well Wave has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103 and a net result of €7,656. Equity is shrinking by ~49% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 5% of 16754 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency26▲+26
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
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Signals

Five 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 16754 sector peers (2025).
NBB · sector comparison
Position among 16754 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
19 d late
2024
28 d late
2023
13 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Well Wave was incorporated on 13 September 2023 as a Private limited company.1 Total assets rose from EUR 13,135 in 2023 to EUR 17,520 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€103
2024 · -€7,553
Total assets
€17,520▲ 729%
2024 · €2,112
Net result
€7,656
2024 · -€12,506
Working capital
€103
2024 · -€7,553
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€1,672--€12,171€9,528
Net result€954below the sector's middle half--€12,506below the sector's middle half€7,656below the sector's middle half
Equity€4,954below the sector's middle half--€7,553below the sector's middle half€103below the sector's middle half
Total assets€13,135below the sector's middle half-€2,112below the sector's middle half▼ 83.9%€17,520below the sector's middle half▲ 729%
Debt€8,181-€9,665▲ 18.1%€17,417▲ 80.2%
Working capital€4,954below the sector's middle half--€7,553below the sector's middle half€103below the sector's middle half
Solvency37.7%within the sector's middle half-0.6%below the sector's middle half
Current ratio1.61within the sector's middle half-1.01below the sector's middle half
Return on assets (ROA)7.3%below the sector's middle half-43.7%above the sector's middle half
above within below the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2023: €1,672€1,672Net result 2023: €954€954Operating result 2024: -€12,171-€12,171Net result 2024: -€12,506-€12,506Operating result 2025: €9,528€9,528Net result 2025: €7,656€7,656202320242025-€20,000-€10,000€0€10,000Operating result 2023: €1,672€1,670Net result 2023: €954€954Operating result 2024: -€12,171-€12,200Net result 2024: -€12,506-€12,500Operating result 2025: €9,528€9,530Net result 2025: €7,656€7,660202320242025
The operating result returns to profit in 2025: €9,528 after a loss of €12,171 in 2024, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €17,520
Equity €103
Debt €17,417
Debt finances 99.4% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€17,417▲
2024 · €9,665
Income taxes
€132▲
2024 · €106
Equity ratios withheld: equity of €103 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,155 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
2.6% went bankrupt
2.6% stopped otherwise
94% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,155 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 against 2024 · 23 lines
Balance sheet Code20242025
Assets
Total assets20/58€2,112€17,520▲
Current assets29/58€2,112€17,520▲
Cash at bank and in hand54/58€2,112€17,520▲
Equity and liabilities
Total equity and liabilities10/49€2,112€17,520▲
Equity10/15-€7,553€103▲
Contributions10/11€4,000€4,000=
Profit (loss) carried forward14-€11,553-€3,897▲
Amounts payable17/49€9,665€17,417▲
Amounts payable within one year42/48€9,665€17,417▲
Taxes, remuneration and social security45€806€132▼
Taxes450/3€806€132▼
Other amounts payable47/48€8,859€17,285▲
Income statement Code20242025
Other operating charges640/8€176-
Gross operating margin9900-€11,995€9,528▲
Operating profit (loss)9901-€12,171€9,528▲
Financial charges65/66B€229€1,740▲
Recurring financial charges65€229€1,740▲
Profit (loss) for the period before taxes9903-€12,400€7,788▲
Income taxes67/77€106€132▲
Profit (loss) for the period9904-€12,506€7,656▲
Profit (loss) for the period to be appropriated9905-€12,506€7,656▲
Appropriation of the result
Profit (loss) to be appropriated9906-€11,553-€3,897▲
Profit (loss) brought forward from the previous period14P€954-€11,553▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Other operating charges640/8€359€176--
Gross operating margin9900€2,031-€11,995€9,528▲ 179%
Operating profit (loss)9901€1,672-€12,171€9,528▲ 178%
Financial charges65/66B€18€229€1,740▲ 659%
Recurring financial charges65€18€229€1,740▲ 659%
Profit (loss) for the period before taxes9903€1,653-€12,400€7,788▲ 163%
Income taxes67/77€700€106€132▲ 24.2%
Profit (loss) for the period9904€954-€12,506€7,656▲ 161%
Profit (loss) for the period to be appropriated9905€954-€12,506€7,656▲ 161%
Line202320242025Change
Assets
Total assets20/58€13,135€2,112€17,520▲ 729%
Current assets29/58€13,135€2,112€17,520▲ 729%
Amounts receivable within one year40/41€7,696---
Trade receivables40€7,696---
Cash at bank and in hand54/58€5,438€2,112€17,520▲ 729%
Equity and liabilities
Total equity and liabilities10/49€13,135€2,112€17,520▲ 729%
Equity10/15€4,954-€7,553€103▲ 101%
Contributions10/11€4,000€4,000€4,000=
Profit (loss) carried forward14€954-€11,553-€3,897▲ 66.3%
Amounts payable17/49€8,181€9,665€17,417▲ 80.2%
Amounts payable within one year42/48€8,181€9,665€17,417▲ 80.2%
Trade debts44€1,603---
Suppliers440/4€1,603---
Taxes, remuneration and social security45€700€806€132▼ 83.6%
Taxes450/3€700€806€132▼ 83.6%
Other amounts payable47/48€5,879€8,859€17,285▲ 95.1%
Line202320242025Change
Profit (loss) for the period9904€954-€12,506€7,656▲ 161%
Operating cash flow (approximation)€954-€12,506€7,656▲ 161%
Change in cash--€3,326€15,408▲ 563%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
19-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial Back to profitnet €7,656
Net result €7,656 after one loss-making year.
31-12
Financial Liquidity times 5current ratio 1.01
Current ratio from 0.22 to 1.01.
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial Weakest financial yearnet -€12,506
Net result drops to -€12,506, the lowest in the series; recovery starts the following year.
13-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
225 m²
Building footprint
109 m²
Volume, LiDAR
1,350 m³
Parcel 21443C0219/00P003, Brussels · tallest building 16.8 m, ±4 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Well Wave
Augustin Delportestraat 48, 1050 ElseneRenting and leasing of sports and recreation goods
since 20232.349.803.125
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21443C0219/00P003 Brussels 225 m² 1 · 109 m² 16.8 m · 4 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 5,992 companies in sector 86940 we hold annual accounts for 1,810. 27 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded13-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
86940Nursing and midwifery
77210Renting and leasing of sports and recreation goods
E-invoicing
Reachable via Peppol
Peppol ID 0208:0805797311
Registered 06-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.