ACTIVE

Sendwave

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Financial year 2025 · closed on 31/12/2025
Net result
813,7 k €
+31.5% YoY
Revenue
33,1 M €
+65.1% YoY
Equity
3,0 M €
+37.0% YoY
Workforce
1,1 ETP
-47.6% YoY

What does Sendwave do?

Sendwave is a Public limited company incorporated in 2019. Its main activity is: Other financial service activities, except insurance and pension funding n.e.c.. Its registered office is in Bruxelles. It employs on average 1,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0733.531.321
Incorporation
30/08/2019
Legal form
Public limited company
Registered office
Rue du Commerce 31
1000 Bruxelles · BruxellesSee on map
Contributed capital
1 400 000,00 €
Latest accounts
31/12/2025
Average workforce
1,1 ETP
Activities (NACE)
64999Other financial service activities, except insurance and pension funding n.e.c.· main64999Other financial service activities, except insurance and pension funding n.e.c.
Joint committees (1)
  • 200
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Revenue33,1 M €20,0 M €––––
EBITDA1,7 M €-4,5 M €300,8 k €662,8 k €117,8 k €-129,7 k €
Operating result946,3 k €-5,4 M €300,8 k €662,8 k €117,8 k €-129,7 k €
Net result813,7 k €618,8 k €199,9 k €94,1 k €-147,2 k €31,6 k €
Balance sheet
Equity3,0 M €2,2 M €1,6 M €1,4 M €284,4 k €431,6 k €
Total assets12,5 M €22,8 M €18,5 M €10,0 M €3,9 M €570,7 k €
Cash144,1 k €2,0 M €1,0 M €1,9 M €1,8 M €281,7 k €
Debts9,4 M €20,5 M €16,9 M €8,6 M €3,6 M €139,1 k €
Other
Workforce1,1 ETP2,1 ETP3,0 ETP3,2 ETP3,4 ETP5,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 13 ended

Active mandates

Christina Alejandra Elsea-Belousek

Director · since 01 août 2025 · until 04 février 2026

Active
Jonathan Barrie Morris

Director · since 30 juin 2024 · until 01 août 2025

Active
Thibault Pierre Heyvaert

Director · since 08 juin 2023 · until 25 juin 2027

Active
Philip Doyle

Director · since 31 décembre 2022 · until 25 juin 2027

Active

Ended mandates

Jonathan Barrie Morris

Director · since 30 juin 2024 · until 31 décembre 2030

Ended
Thibault Pierre Heyvaert

Director · since 08 juin 2023 · until 11 mai 2027

Ended
Thibaut Heyvaert

Director · since 08 juin 2023 · until 11 mai 2027

Ended
Philip Doyle

Director · since 31 décembre 2022 · until 12 mai 2026

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202130/08/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months17 months
Filing date29/06/202627/06/202502/07/202420/10/202319/09/202201/07/2021
General meeting26/06/202627/06/202528/06/202409/05/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/06/202629/06/2026FrenchPDF
Full model31/12/202427/06/202527/06/2025FrenchPDF
Abridged model31/12/202328/06/202402/07/2024FrenchPDF
Abridged model31/12/202209/05/202320/10/2023FrenchPDF
Abridged model31/12/202130/06/202219/09/2022FrenchPDF
Abridged model31/12/202030/06/202101/07/2021FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 4 active · 13 ended

Active mandates

Christina Alejandra Elsea-Belousek

Director · since 01 août 2025 · until 04 février 2026

Active
Jonathan Barrie Morris

Director · since 30 juin 2024 · until 01 août 2025

Active
Thibault Pierre Heyvaert

Director · since 08 juin 2023 · until 25 juin 2027

Active
Philip Doyle

Director · since 31 décembre 2022 · until 25 juin 2027

Active

Ended mandates

Jonathan Barrie Morris

Director · since 30 juin 2024 · until 31 décembre 2030

Ended
Thibault Pierre Heyvaert

Director · since 08 juin 2023 · until 11 mai 2027

Ended
Thibaut Heyvaert

Director · since 08 juin 2023 · until 11 mai 2027

Ended
Philip Doyle

Director · since 31 décembre 2022 · until 12 mai 2026

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates09/04/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/11/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/06/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Mandates30/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/06/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares19/08/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates21/04/2021
    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

Timeline

  1. 2025
    Annual accounts 2025813,7 k €↑
  2. 2024
    Annual accounts 2024618,8 k €↑
  3. 2023
    Annual accounts 2023199,9 k €↑
  4. 2022
    Annual accounts 202294,1 k €↑
  5. 2021
    Annual accounts 2021-147,2 k €↓
  6. 2020
    Annual accounts 202031,6 k €
  7. 30/08/2019
    IncorporationPublic limited company