ACTIVE

nWave Digital

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

64,6 k €

-94.0% YoY

Revenue

236,5 k €

-97.7% YoY

Equity

2,5 M €

-84.1% YoY

Workforce

28,3 ETP

+1.4% YoY

What does nWave Digital do?

nWave Digital is a Public limited company incorporated in 1993. Its registered office is in Forest. It employs on average 28,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.312.314

Incorporation

26/01/1993

Legal form

Public limited company

Registered office

Avenue Van Volxem 297
1190 Forest · BruxellesSee on map

Contributed capital

434 000,00 €

Latest accounts

31/12/2025

Average workforce

28,3 ETP

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Revenue	236,5 k €	-97.7%	10,1 M €	+0.7%	10,1 M €	+1204323%	835,8 €	-99.9%	1,7 M €	-73.5%	6,3 M €	-4.9%	6,6 M €	-0.5%	6,6 M €	+0.2%	6,6 M €	-3.5%	6,8 M €	+1.6%	6,7 M €	-8.5%	7,4 M €	+7.3%	6,9 M €	-10.3%	7,6 M €	+39.5%	5,5 M €
EBITDA	377,5 k €	-96.4%	10,4 M €	+0.7%	10,3 M €	+3459%	290,6 k €	-35.4%	450,1 k €	-65.9%	1,3 M €	-9.2%	1,5 M €	+13.5%	1,3 M €	-19.8%	1,6 M €	-2.5%	1,6 M €	+8.5%	1,5 M €	-12.0%	1,7 M €	+9.7%	1,6 M €	-29.5%	2,2 M €	+75.2%	1,3 M €
Operating result	-40,6 k €	-103%	1,3 M €	-31.1%	1,9 M €	+50420%	3,8 k €	-98.3%	226,9 k €	-80.2%	1,1 M €	-8.2%	1,2 M €	+27.9%	975,2 k €	-25.4%	1,3 M €	-6.0%	1,4 M €	+2.5%	1,4 M €	-8.7%	1,5 M €	+17.2%	1,3 M €	-33.6%	1,9 M €	+83.7%	1 M €
Net result	64,6 k €	-94.0%	1,1 M €	-25.7%	1,4 M €		–		159,9 k €	-80.4%	814,5 k €	-1.2%	824,2 k €	+30.1%	633,6 k €	-28.3%	883,7 k €	-6.3%	943 k €	+0.8%	935,7 k €	-6.6%	1 M €	+15.1%	870,2 k €	-34.8%	1,3 M €	+44.4%	923,9 k €
Balance sheet
Equity	2,5 M €	-84.1%	15,5 M €	+14.1%	13,6 M €	+11.8%	12,2 M €	0.0%	12,2 M €	+1.3%	12 M €	+7.3%	11,2 M €	+8.0%	10,4 M €	+6.5%	9,7 M €	+10.0%	8,8 M €	+11.9%	7,9 M €	+13.4%	7 M €	+16.8%	6 M €	+17.1%	5,1 M €	+35.5%	3,8 M €
Total assets	9,9 M €	-59.4%	24,5 M €	+43.0%	17,2 M €	-35.3%	26,5 M €	+73.9%	15,3 M €	-1.3%	15,5 M €	+6.7%	14,5 M €	-2.9%	14,9 M €	+23.5%	12,1 M €	+5.5%	11,5 M €	+16.5%	9,8 M €	+9.7%	9 M €	+9.9%	8,2 M €	+16.1%	7 M €	+46.2%	4,8 M €
Cash	2,4 k €	-63.6%	6,7 k €	-62.5%	17,9 k €	-16.2%	21,3 k €	+6.9%	20 k €	-13.8%	23,2 k €	+129%	10,1 k €	+25.6%	8,1 k €	-85.3%	54,9 k €	-94.0%	911,8 k €	+2.4%	890,2 k €	+269%	241,3 k €	+36.7%	176,5 k €	+97.4%	89,4 k €	-32.6%	132,7 k €
Debts	7,5 M €	-16.9%	9 M €	+154%	3,5 M €	-20.1%	4,4 M €	+44.3%	3,1 M €	-10.8%	3,5 M €	+5.1%	3,3 M €	-27.8%	4,5 M €	+94.7%	2,3 M €	-9.9%	2,6 M €	+34.8%	1,9 M €	-3.3%	2 M €	-8.9%	2,2 M €	+14.2%	1,9 M €	+84.1%	1 M €
Other
Workforce	28,3 ETP	+1.4%	27,9 ETP	+24.0%	22,5 ETP	+0.4%	22,4 ETP	-0.9%	22,6 ETP	+2.3%	22,1 ETP	+10.5%	20,0 ETP	-4.3%	20,9 ETP	-1.4%	21,2 ETP	-1.9%	21,6 ETP	-3.1%	22,3 ETP	-3.0%	23,0 ETP	-5.0%	24,2 ETP	-12.9%	27,8 ETP	-6.7%	29,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

nWave Studios

Director · since 15 juin 2022 · until 15 juin 2028 · 0441.838.364

Represented by Matthieu ZELLER

Active

Matthieu Gondinet

Managing director · since 01 juin 2021 · until 15 juin 2027

Active

Ended mandates

Matthieu Gondinet

Managing director · since 01 juin 2021 · until 01 juin 2027

Ended

CAROLINE VAN ISEGHEM

Managing director · since 15 juin 2016 · until 27 mai 2022

Ended

NWAVE PICTURES

Director · since 15 juin 2016 · until 27 mai 2022 · 0454.736.988

Represented by Caroline Van Iseghem

Ended

nWave Studios

Director · since 15 juin 2016 · until 27 mai 2022 · 0441.838.364

Represented by Eric DILLENS

Ended

At this address

Other companies at this address

Company	CBE no.
MAGIC IMAGE● Active	0462.754.534
nW Digi Plus● Active	0801.186.544

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/09/2026	24/06/2025	11/07/2024	04/07/2023	17/06/2022	22/06/2021
General meeting	04/09/2026	19/06/2025	30/06/2024	30/06/2023	15/06/2022	15/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	04/09/2026	07/09/2026	French	PDF
Full model	31/12/2024	19/06/2025	24/06/2025	French	PDF
Full model	31/12/2023	30/06/2024	11/07/2024	French	PDF
Full model	31/12/2022	30/06/2023	04/07/2023	French	PDF
Full model	31/12/2021	15/06/2022	17/06/2022	French	PDF
Full model	31/12/2020	15/06/2021	22/06/2021	French	PDF
Full model	31/12/2019	15/06/2020	24/06/2020	French	PDF
Full model	31/12/2018	17/06/2019	19/06/2019	French	PDF
Full model	31/12/2017	25/05/2018	15/06/2018	French	PDF
Full model	31/12/2016	15/06/2017	19/06/2017	French	PDF
Full model	31/12/2015	15/06/2016	22/06/2016	French	PDF
Full model	31/12/2014	15/06/2015	17/06/2015	French	PDF
Full model	31/12/2013	16/06/2014	20/06/2014	French	PDF
Full model	31/12/2012	31/05/2013	18/06/2013	French	PDF
Full model	31/12/2011	21/06/2012	29/06/2012	French	PDF
Full model	31/12/2010	30/06/2011	12/07/2011	French	PDF
Full model	31/12/2009	15/06/2010	22/06/2010	French	PDF
Full model	31/12/2008	15/06/2009	22/06/2009	French	PDF
Full model	31/12/2007	30/05/2008	25/06/2008	French	PDF
Full model	31/12/2006	25/05/2007	18/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

nWave Studios

Director · since 15 juin 2022 · until 15 juin 2028 · 0441.838.364

Represented by Matthieu ZELLER

Active

Matthieu Gondinet

Managing director · since 01 juin 2021 · until 15 juin 2027

Active

Ended mandates

Matthieu Gondinet

Managing director · since 01 juin 2021 · until 01 juin 2027

Ended

CAROLINE VAN ISEGHEM

Managing director · since 15 juin 2016 · until 27 mai 2022

Ended

NWAVE PICTURES

Director · since 15 juin 2016 · until 27 mai 2022 · 0454.736.988

Represented by Caroline Van Iseghem

Ended

nWave Studios

Director · since 15 juin 2016 · until 27 mai 2022 · 0441.838.364

Represented by Eric DILLENS

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other18/08/2026
Modification des statuts
PDF
Mandates15/05/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates10/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates07/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates11/06/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates07/07/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates20/11/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates11/02/2015
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202564,6 k €↓
2024
Annual accounts 20241,1 M €↓
2022
Annual accounts 20221,4 M €↑
2021
Annual accounts 2021
2020
Annual accounts 2020159,9 k €↓
2019
Annual accounts 2019814,5 k €↓
2018
Annual accounts 2018824,2 k €↑
2017
Annual accounts 2017633,6 k €↓
2016
Annual accounts 2016883,7 k €↓
2015
Annual accounts 2015943 k €↑
2014
Annual accounts 2014935,7 k €↓
2013
Annual accounts 20131 M €↑
2012
Annual accounts 2012870,2 k €↓
2011
Annual accounts 20111,3 M €↑
2010
Annual accounts 2010923,9 k €
26/01/1993
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

nWave Digital

Overview

What does nWave Digital do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline