Equity
€379,661 ▲ 11.6%
WAVE MANAGEMENT has made a profit in every financial year since 2014.
WAVE MANAGEMENT
Lifetime
11 annual accounts with figures on one time axispeak €823,045 (2021)
€526,009▼ 0.3%
peak €108,660 (2016)
€39,358▲ 160%
peak €379,661 (2024)
€379,661▲ 11.6%
€1.4m▲ 21.0%
peak 12 FTE (2022)
10.8 FTE▲ 10.2%
Board5 names since 2018
2 directorsHANS VERBOVEN and 1 other
Owners3 names in the annual accounts
80%WAVE HOLDING
Documentsfilings and deeds
12-09-202543 days late
2024abbreviated format
Result from €15,127 to €39,358Staff from 9.8 FTE to 10.8 FTEDebts from €1.2m to €1.4mCash from €86,242 to €165,265
Key points
from the 2024 annual accountsTurnover
≈ €800,000 estimated
The abbreviated format states no turnover.
Debts
€1.4m 79% of the balance sheet
Suppliers 93%Taxes and wages 7%
Filings
11 annual accounts 99 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
At the same address
28 companies
Position in the sector
€526,009
Higher gross margin than 85% of companies in head offices and management consultancy. Sector median €99,495 · 8,081 companies.
Checked score
55
Fair
Financially stronger than 39% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,523 companies (NACE 70, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 1.1%▲ +0.3 percentage points vs 06-2025
08-2025: 1.5%▲ +0.4 percentage points vs 07-2025
09-2025: 1.8%▲ +0.3 percentage points vs 08-2025highest value
10-2025: 0.7%▼ -1.1 percentage points vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.6%▼ -0.1 percentage points vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026lowest value
07-2026: 0.7%▲ +0.1 percentage points vs 06-2026
08-2026: 1.1%▲ +0.4 percentage points vs 07-2026
09-2026: 1.2%▲ +0.1 percentage points vs 08-2026
10-2026: 1.3%▲ +0.1 percentage points vs 09-2026
11-2026: 1.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Figures for financial year 2024 (filed on 12-09-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 43 days late; 2 of the last 3 accounts late
Size: 10.8 FTE, total assets €1.8m
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
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 70, small). It does better than 22% of them on solvency, 8% on liquidity, 62% on profitability and 66% on growth.
The bankruptcy probability was computed on 06-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as WAVE MANAGEMENT has now. Each dot stands for 11 companies, two years later.
98.0%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of WAVE MANAGEMENT itself is higher: 1.3% within 12 months. It rests on far more data about WAVE MANAGEMENT than the profile alone.
Test of the method
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 4,107 companies, not a prediction for WAVE MANAGEMENT. 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.
Credit verdict
Credit of up to €20,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is tight, with a current ratio of 1.25 (1.26 in 2023), below the usual 1.5. Short-term debt is 79.2% and cash 9.1% of total assets. 79.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 8093 sector peers (2024).
NBB · sector comparisonPosition among 8093 sector peers
Solvency
better than 21%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 99 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline07-11-2026 today
raises risk · 2024 accounts filed 43 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-09-2025, 43 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
43 days late
2023
30 days late
2022
31 days late
2021
59 days late
2020
2 days early
2019
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 23 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- WAVE HOLDING 80%score 57equity €3.1m (2024) · 2024 annual accounts of WAVE HOLDING
- Soetewey 10%equity €3,254 (2025) · 2023 annual accounts of Soetewey
Recent changes
Company renamed from WINVEST MANAGEMENT to WAVE MANAGEMENT
Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0848123656
1 director resigning
Soetewey BV · Permanent representatives: Geert Soetewey, Tanguy Westerlund and Hans Verboven · General meeting of 16-01-2025 · Gazette deed
1 director resigning
Soetewey BV · Permanent representatives: Geert Soetewey, Tanguy Westerlund and Hans Verboven · General meeting of 16-01-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WAVE MANAGEMENT Antwerp | €1.8m | €526,009 | 20.8% | 10.8 |
| WEB MARKET SOLUTIONS Ath | €2.1m | €760,315 | 39.0% | 9.8 |
| DELAHAUT INVEST Namur | €1.4m | €510,727 | 60.5% | 7 |
| ALL YIELD Brussels | €1.9m | €745,752 | -157.9% | 9.7 |
| Express Invest Groep Beveren-Kruibeke-Zwijndrecht | €1.7m | €568,384 | 6.7% | 6.4 |
| STEP ACCOMPAGNEMENT Liège | €1.4m | €768,026 | 21.7% | 8.8 |
| EDGE CONSULTING Uccle | €1.7m | €707,377 | 24.3% | 7.1 |
These companies have the same main activity as WAVE MANAGEMENT: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.4m and €2.1m, founded between 2009 and 2014.
Official details
Source: KBO- Status
- Active since 16-08-2012Normal situation
- Registered office
- 29 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.212.515.0652000 Antwerp, since 16-08-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 17-11-2025
Annual accounts 2024
- €1.8m▲ 18.9%
- Employeeson 31-12-2024
- 9▼ 25.0%
- Filing
- Filed on 12-09-2025
Insights on WAVE MANAGEMENT
WAVE MANAGEMENT files the abbreviated format. That format states no turnover. The gross margin rose from €288,274 in 2014 to €526,009 in 2024.
WAVE HOLDING holds 80% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WAVE MANAGEMENT
- What is the company number of WAVE MANAGEMENT?
- The company number of WAVE MANAGEMENT is 0848.123.656. The VAT number is the same number with BE in front: BE 0848.123.656.
- Where is WAVE MANAGEMENT based?
- The registered office is at Jordaenskaai 25, 2000 Antwerp.Company details
- What does WAVE MANAGEMENT do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of WAVE MANAGEMENT?
- WAVE MANAGEMENT is a private limited company (BV).
- When was WAVE MANAGEMENT founded?
- WAVE MANAGEMENT was founded on 16-08-2012.
- Is WAVE MANAGEMENT still active?
- Yes, WAVE MANAGEMENT is an active enterprise in the KBO register.
- How many employees does WAVE MANAGEMENT have?
- WAVE MANAGEMENT had an average of 10.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of WAVE MANAGEMENT?
- The turnover in financial year 2024 is ≈ €800,000. This figure is estimated from the gross margin of €526,009 and 74 comparable companies (NACE 70200). It probably lies between €620,000 and €1.5m.
- Is WAVE MANAGEMENT profitable?
- In financial year 2024, WAVE MANAGEMENT made a profit of €39,358.
- Where can I find the annual accounts of WAVE MANAGEMENT?
- WAVE MANAGEMENT filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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