WAVEMAKER
0449.462.069 · rovalta.com · 21/09/2026
NORMAL SITUATION
WAVEMAKER
Financial year 2025 · closed on 31/12/2025
Net result
-1,5 M €
-217.7% YoY
Revenue
129 M €
+14.7% YoY
Equity
-644,9 k €
-172.8% YoY
Workforce
56,9 ETP
+8.2% YoY
Company — Normal situation.
Strike-off: 14 août 2026
Overview
What does WAVEMAKER do?
WAVEMAKER is a Public limited company incorporated in 1993. It employs on average 56,9 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0449.462.069
Incorporation
24/02/1993
Legal form
Public limited company
Contributed capital
138 026,57 €
Latest accounts
31/12/2025
Average workforce
56,9 ETP
Joint committees (2)
- 200
- 218
Signals
Healthy social debtsHigh revenue
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Revenue | 129 M € | +14.7% | 112,4 M € | +24.3% | 90,5 M € | +31.9% | 68,6 M € | +1.5% | 67,6 M € | +12.6% | 60 M € | +1.2% | 59,3 M € | +40.9% | 42,1 M € | -18.5% | 51,6 M € | -5.7% | 54,8 M € | -1.6% | 55,7 M € | -2.7% | 57,2 M € | -18.5% | 70,3 M € | -5.8% | 74,6 M € | +0.6% | 74,1 M € | -12.6% | 84,7 M € | +22.0% | 69,5 M € | -24.0% | 91,3 M € | -5.5% | 96,7 M € | -10.2% | 107,7 M € |
| EBITDA | -1,7 M € | -273% | 960,4 k € | +164% | 363,8 k € | +256% | -232,7 k € | -18.5% | -196,4 k € | +23.0% | -255,2 k € | +0.4% | -256,2 k € | +54.6% | -563,9 k € | +11.5% | -637 k € | +59.0% | -1,6 M € | -76.6% | -879,3 k € | -83.1% | -480,2 k € | -308% | 230,4 k € | -23.4% | 300,8 k € | -77.9% | 1,4 M € | -1.5% | 1,4 M € | +126% | 609,5 k € | -71.0% | 2,1 M € | +143% | 864 k € | -51.9% | 1,8 M € |
| Operating result | -2,5 M € | -362% | 960,4 k € | +184% | 338,7 k € | +240% | -241,5 k € | +11.1% | -271,7 k € | -6.0% | -256,4 k € | +37.7% | -411,8 k € | +37.8% | -662 k € | +9.1% | -728,2 k € | +62.4% | -1,9 M € | -53.6% | -1,3 M € | -50.7% | -836,4 k € | -367% | -179,2 k € | -79.3% | -99,9 k € | -110% | 973,7 k € | -3.6% | 1 M € | +355% | 222 k € | -86.9% | 1,7 M € | +232% | 508,6 k € | -63.3% | 1,4 M € |
| Net result | -1,5 M € | -218% | 1,3 M € | +83.8% | 707,4 k € | +20419% | 3,4 k € | -58.0% | 8,2 k € | +116% | -52,8 k € | +62.6% | -141,4 k € | +68.7% | -452,1 k € | -3.6% | -436,5 k € | +74.2% | -1,7 M € | -63.3% | -1 M € | -81.2% | -571,8 k € | -1293% | -41 k € | +85.5% | -283,9 k € | -143% | 660,9 k € | +52.1% | 434,6 k € | +1796% | 22,9 k € | -98.3% | 1,3 M € | +185% | 462,2 k € | -51.9% | 960,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | -644,9 k € | -173% | 885,8 k € | +51.3% | 585,4 k € | +580% | -122 k € | +2.7% | -125,4 k € | +6.1% | -133,7 k € | -65.4% | -80,8 k € | -233% | 60,6 k € | -88.2% | 512,7 k € | -46.0% | 949,2 k € | +48.0% | 641,2 k € | -61.8% | 1,7 M € | -25.4% | 2,2 M € | -47.6% | 4,3 M € | -6.2% | 4,6 M € | -33.8% | 6,9 M € | +6.7% | 6,5 M € | +0.4% | 6,5 M € | +23.2% | 5,2 M € | +6.5% | 4,9 M € |
| Total assets | 50,4 M € | +15.8% | 43,5 M € | -9.5% | 48,1 M € | +30.9% | 36,7 M € | -16.9% | 44,2 M € | +43.5% | 30,8 M € | -20.1% | 38,6 M € | +84.8% | 20,9 M € | -11.0% | 23,5 M € | +3.2% | 22,7 M € | -14.4% | 26,6 M € | -10.2% | 29,6 M € | +7.2% | 27,6 M € | -10.2% | 30,7 M € | -35.7% | 47,7 M € | +16.8% | 40,9 M € | +1.9% | 40,1 M € | -3.9% | 41,7 M € | -8.6% | 45,7 M € | -4.3% | 47,8 M € |
| Cash | – | – | – | – | – | – | – | – | – | – | – | 36 € | -72.1% | 129 € | -79.9% | 642,5 € | -99.4% | 100 k € | +208% | 32,5 k € | -87.4% | 258 k € | -98.1% | 13,2 M € | +48.5% | 8,9 M € | +73.1% | 5,2 M € | |||||||||||
| Debts | 50,2 M € | +17.7% | 42,6 M € | -10.2% | 47,5 M € | +28.9% | 36,8 M € | -16.9% | 44,3 M € | +43.3% | 30,9 M € | -19.8% | 38,6 M € | +85.2% | 20,8 M € | -9.3% | 22,9 M € | +5.5% | 21,7 M € | -16.1% | 25,9 M € | -6.4% | 27,7 M € | +10.3% | 25,1 M € | -4.6% | 26,3 M € | -38.8% | 43 M € | +29.7% | 33,1 M € | +0.3% | 33 M € | -6.2% | 35,2 M € | -12.9% | 40,4 M € | -5.3% | 42,7 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 56,9 ETP | +8.2% | 52,6 ETP | +22.0% | 43,1 ETP | +12.8% | 38,2 ETP | +6.7% | 35,8 ETP | +5.9% | 33,8 ETP | -3.2% | 34,9 ETP | +1.2% | 34,5 ETP | -3.6% | 35,8 ETP | +4.4% | 34,3 ETP | +4.6% | 32,8 ETP | -11.4% | 37,0 ETP | -17.2% | 44,7 ETP | +2.8% | 43,5 ETP | +7.7% | 40,4 ETP | +1.0% | 40,0 ETP | +8.4% | 36,9 ETP | -10.0% | 41,0 ETP | -4.9% | 43,1 ETP | +4.4% | 41,3 ETP |
Governance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 38 ended
Active mandates
Els Thielemans
ActiveMatthijs Brouwer
ActiveSuzanne Stroobants
ActiveThierry Lenders
ActiveLeen Schramme
ActiveThierry Brynaert
ActiveEnded mandates
Thierry Lenders
EndedThierry Lenders
EndedNeil Stemberg
EndedLeen Schramme
EndedFinancials
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 | 13/07/2026 | 22/12/2025 | 04/07/2024 | 30/11/2023 | 28/09/2022 | 27/09/2021 |
| General meeting | 18/06/2026 | 19/12/2025 | 28/06/2024 | 30/11/2023 | 27/09/2022 | 20/09/2021 |
| 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 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 18/06/2026 | 13/07/2026 | French | |
| Full model | 31/12/2024 | 19/12/2025 | 22/12/2025 | French | |
| Full model | 31/12/2023 | 28/06/2024 | 04/07/2024 | French | |
| Full model | 31/12/2022 | 30/11/2023 | 30/11/2023 | French | |
| Full model | 31/12/2021 | 27/09/2022 | 28/09/2022 | French | |
| Full model | 31/12/2020 | 20/09/2021 | 27/09/2021 | French | |
| Full model | 31/12/2019 | 31/07/2020 | 18/08/2020 | French | |
| Full model | 31/12/2018 | 18/07/2019 | 26/07/2019 | French | |
| Full model | 31/12/2017 | 29/06/2018 | 25/07/2018 | French | |
| Full model | 31/12/2016 | 28/07/2017 | 31/07/2017 | French | |
| Full model | 31/12/2015 | 22/08/2016 | 23/08/2016 | French | |
| Full model | 31/12/2014 | 09/10/2015 | 26/10/2015 | French | |
| Full model | 31/12/2013 | 29/10/2014 | 30/10/2014 | French | |
| Full model | 31/12/2012 | 29/10/2014 | 30/10/2014 | French | |
| Full model | 31/12/2011 | 10/09/2013 | 13/09/2013 | French | |
| Full model | 31/12/2010 | 16/02/2012 | 29/02/2012 | French | |
| Full model | 31/12/2009 | 30/09/2010 | 29/10/2010 | French | |
| Full model | 31/12/2008 | 15/09/2009 | 28/09/2009 | French | |
| Full model | 31/12/2007 | 29/09/2008 | 30/09/2008 | French | |
| Full model | 31/12/2006 | 21/06/2007 | 30/08/2007 | French |
Valuation
Estimate
Indicative valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 38 ended
Active mandates
Els Thielemans
ActiveMatthijs Brouwer
ActiveSuzanne Stroobants
ActiveThierry Lenders
ActiveLeen Schramme
ActiveThierry Brynaert
ActiveEnded mandates
Thierry Lenders
EndedThierry Lenders
EndedNeil Stemberg
EndedLeen Schramme
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Dissolution20/08/2026OPÉRATION ASSIMILÉE À UNE FUSION PAR ABSORPTION - DISSOLUTION:
- Restructuring17/06/2026RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Mandates16/02/2026DEMISSIONS, NOMINATIONS
- Mandates21/10/2024DEMISSIONS, NOMINATIONS
- Mandates28/05/2024DEMISSIONS, NOMINATIONS
- Other18/04/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Registered office17/01/2023SIEGE SOCIAL
- Mandates24/12/2020DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-1,5 M €↓
- 2024Annual accounts 20241,3 M €↑
- 2023Annual accounts 2023707,4 k €↑
- 2022Annual accounts 20223,4 k €↓
- 2021Annual accounts 20218,2 k €↑
- 2020Annual accounts 2020-52,8 k €↑
- 2019Annual accounts 2019-141,4 k €↑
- 2018Annual accounts 2018-452,1 k €↓
- 2017Annual accounts 2017-436,5 k €↑
- 2016Annual accounts 2016-1,7 M €↓
- 2015Annual accounts 2015-1 M €↓
- 2014Annual accounts 2014-571,8 k €↓
- 2013Annual accounts 2013-41 k €↑
- 2012Annual accounts 2012-283,9 k €↓
- 2011Annual accounts 2011660,9 k €↑
- 2010Annual accounts 2010434,6 k €↑
- 2009Annual accounts 200922,9 k €↓
- 2008Annual accounts 20081,3 M €↑
- 2007Annual accounts 2007462,2 k €↓
- 2006Annual accounts 2006960,5 k €
- 24/02/1993IncorporationPublic limited company