ACTIVE

THE WAVE

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Financial year 2024 · closed on 31/12/2024

Net result

567,5 k €

+83.1% YoY

Gross margin

993 k €

+47.4% YoY

Equity

1,6 M €

+20.6% YoY

What does THE WAVE do?

THE WAVE is a Public limited company incorporated in 1994. Its main activity is: Computer programming activities. Its registered office is in Watermael-Boitsfort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.138.765

Incorporation

14/07/1994

Legal form

Public limited company

Registered office

Rue Middelbourg 66
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2024

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 73110Advertising agencies 73110Advertising agencies 74401Other professional, scientific and technical activities 62020Computer consultancy activities+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	993 k €	+47.4%	673,8 k €	+8.8%	619,1 k €	-4.3%	646,6 k €	+367%	138,5 k €	-69.0%	447,4 k €	+44.3%	310,1 k €	-15.1%	365,4 k €	+17.6%	310,8 k €	-39.2%	511 k €	+22.9%	415,6 k €	+98.2%	209,7 k €	-32.0%	308,6 k €	-3.7%	320,5 k €	+20.7%	265,6 k €	+333%	61,4 k €	+66.6%	36,8 k €	+124%	16,5 k €	+479%	2,8 k €
EBITDA	751,7 k €	+52.5%	492,8 k €	+3.4%	476,7 k €	-3.6%	494,7 k €	+1137%	-47,7 k €	-129%	164,4 k €	+212%	52,6 k €	-66.0%	154,9 k €	+130%	67,4 k €	-58.4%	162,1 k €	+4.0%	155,8 k €	+3252%	-4,9 k €	-105%	99,6 k €	+9.8%	90,7 k €	-47.5%	172,6 k €	+414%	33,6 k €	+19.0%	28,2 k €	+86.0%	15,2 k €	+521%	2,4 k €
Operating result	672,5 k €	+58.5%	424,2 k €	+5.3%	402,8 k €	-15.1%	474,2 k €	+668%	-83,5 k €	-200%	83,4 k €	+384%	17,2 k €	-81.1%	91,3 k €	+220%	28,5 k €	-76.2%	119,7 k €	+3.0%	116,1 k €	+1214%	-10,4 k €	-111%	93,5 k €	+9.7%	85,2 k €	-49.1%	167,6 k €	+449%	30,5 k €	+13.3%	26,9 k €	+93.7%	13,9 k €	+470%	2,4 k €
Net result	567,5 k €	+83.1%	310 k €	+4.3%	297,1 k €	-17.5%	360 k €	+695%	-60,5 k €	-1489%	4,4 k €	+167%	1,6 k €	-97.1%	55,6 k €	+514%	9 k €	-81.3%	48,5 k €	+24.7%	38,9 k €	+859%	4,1 k €	-91.7%	48,6 k €	-27.1%	66,7 k €	-45.5%	122,2 k €	+324%	28,8 k €	+32.0%	21,8 k €	+103%	10,7 k €	+14.4%	9,4 k €
Balance sheet
Equity	1,6 M €	+20.6%	1,3 M €	+31.4%	987 k €	+43.1%	689,9 k €	+109%	329,9 k €	-15.5%	390,4 k €	+1.1%	386,1 k €	+0.4%	384,4 k €	+16.9%	328,9 k €	+2.8%	319,8 k €	+17.9%	271,3 k €	+16.7%	232,4 k €	+1.8%	228,3 k €	-28.2%	318,2 k €	+26.5%	251,6 k €	+94.5%	129,4 k €	+28.7%	100,5 k €	+27.8%	78,7 k €	+15.8%	67,9 k €
Total assets	2,3 M €	+28.6%	1,8 M €	+31.2%	1,4 M €	+22.1%	1,1 M €	+68.9%	661,9 k €	-15.0%	779,1 k €	+4.2%	747,9 k €	-17.0%	901,5 k €	+7.1%	841,8 k €	+7.5%	782,9 k €	-26.7%	1,1 M €	+77.7%	601,3 k €	-12.4%	686,2 k €	-16.4%	821,2 k €	+65.4%	496,4 k €	+73.2%	286,7 k €	+58.0%	181,5 k €	+17.8%	154 k €	+42.0%	108,4 k €
Cash	297 k €	+99.1%	149,2 k €	+216%	47,2 k €	-29.9%	67,3 k €	+19.6%	56,3 k €	+88.8%	29,8 k €	-86.0%	213,2 k €	+31.1%	162,7 k €	+21.6%	133,8 k €	+216%	42,4 k €	-40.9%	71,7 k €	+127%	31,6 k €	-58.1%	75,4 k €	+115%	35 k €	-38.8%	57,2 k €	+96.2%	29,2 k €	+2368%	1,2 k €	+2.4%	1,2 k €	-34.0%	1,7 k €
Debts	738,2 k €	+49.5%	493,6 k €	+30.6%	377,9 k €	-11.7%	428,1 k €	+28.9%	332,1 k €	-14.6%	388,7 k €	+7.4%	361,8 k €	-29.4%	512,3 k €	-0.1%	512,9 k €	+10.8%	463,1 k €	-41.9%	797,1 k €	+116%	368,9 k €	-19.4%	457,8 k €	-9.0%	503 k €	+105%	244,8 k €	+55.6%	157,3 k €	+94.3%	81 k €	+15.6%	70 k €	+73.0%	40,5 k €
Other
Workforce	–		–		–		–		–		–		5,8 ETP	+18.4%	4,9 ETP	-18.3%	6,0 ETP	-25.0%	8,0 ETP	0.0%	8,0 ETP	0.0%	8,0 ETP	0.0%	8,0 ETP	0.0%	8,0 ETP	+33.3%	6,0 ETP	+300%	1,5 ETP	+200%	0,5 ETP	0.0%	0,5 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 18 ended

Active mandates

CEMCO

Director · since 11 mai 2023 · 0461.741.081

Active

Ended mandates

LES GENETS

Director · since 16 juin 2017 · until 17 mai 2023 · 0436.695.780

Represented by Louis Raes

Ended

Louis Raes

Managing director · since 19 décembre 2015 · until 31 décembre 2021

Ended

Louis Raes

Managing director · since 18 décembre 2015 · until 17 mai 2021

Ended

LES GENETS

Director · since 18 juin 2011 · 0436.695.780

Represented by Louis Raes

Ended

At this address

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Anciens Etablissements R. Pattou● Active	0405.648.159
MFM DIGITAL● Active	0889.869.684
URBIZ● Active	0782.489.003

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/09/2025	26/09/2024	28/09/2023	25/10/2022	30/09/2021	28/11/2020
General meeting	15/05/2025	16/05/2024	17/05/2023	18/05/2022	19/05/2021	23/11/2020
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	15/05/2025	29/09/2025	French	PDF
Micro model	31/12/2023	16/05/2024	26/09/2024	French	PDF
Micro model	31/12/2022	17/05/2023	28/09/2023	French	PDF
Micro model	31/12/2021	18/05/2022	25/10/2022	French	PDF
Abridged model	31/12/2020	19/05/2021	30/09/2021	French	PDF
Abridged model	31/12/2019	23/11/2020	28/11/2020	French	PDF
Abridged model	31/12/2018	15/05/2019	31/08/2019	French	PDF
Abridged model	31/12/2017	16/05/2018	26/08/2018	French	PDF
Abridged model	31/12/2016	17/05/2017	31/10/2017	French	PDF
Abridged model	31/12/2015	18/05/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	20/05/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	23/06/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	15/05/2013	01/08/2013	French	PDF
Abridged model	31/12/2011	16/05/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	18/06/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	17/08/2010	French	PDF
Abridged model	31/12/2008	20/05/2009	28/07/2009	French	PDF
Abridged model	31/12/2007	21/05/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	16/05/2007	24/07/2007	French	PDF
Abridged model	31/12/2005	17/05/2006	26/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/12/2024 · 1 active · 18 ended

Active mandates

CEMCO

Director · since 11 mai 2023 · 0461.741.081

Active

Ended mandates

LES GENETS

Director · since 16 juin 2017 · until 17 mai 2023 · 0436.695.780

Represented by Louis Raes

Ended

Louis Raes

Managing director · since 19 décembre 2015 · until 31 décembre 2021

Ended

Louis Raes

Managing director · since 18 décembre 2015 · until 17 mai 2021

Ended

LES GENETS

Director · since 18 juin 2011 · 0436.695.780

Represented by Louis Raes

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office27/06/2024
SIEGE SOCIAL
PDF
Mandates17/05/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates21/06/2018
DEMISSIONS, NOMINATIONS
PDF
Registered office20/03/2015
SIEGE SOCIAL
PDF
Mandates21/06/2012
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office12/01/2012
SIEGE SOCIAL
PDF
Registered office24/12/2010
SIEGE SOCIAL
PDF
Other16/02/2010
OBJET
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

2024
Annual accounts 2024567,5 k €↑
2023
Annual accounts 2023310 k €↑
2022
Annual accounts 2022297,1 k €↓
2022
Name changeTHE WAVE
2021
Annual accounts 2021360 k €↑
2021
Name changeGOWIE
2020
Annual accounts 2020-60,5 k €↓
2019
Annual accounts 20194,4 k €↑
2018
Annual accounts 20181,6 k €↓
2017
Annual accounts 201755,6 k €↑
2016
Annual accounts 20169 k €↓
2015
Annual accounts 201548,5 k €↑
2014
Annual accounts 201438,9 k €↑
2013
Annual accounts 20134,1 k €↓
2012
Annual accounts 201248,6 k €↓
2011
Annual accounts 201166,7 k €↓
2010
Annual accounts 2010122,2 k €↑
2009
Annual accounts 200928,8 k €↑
2008
Annual accounts 200821,8 k €↑
2007
Annual accounts 200710,7 k €↑
2006
Annual accounts 20069,4 k €
14/07/1994
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

THE WAVE

Overview

What does THE WAVE do?

Trend over 19 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