ACTIVE

mdwave

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Financial year 2025 · closed on 31/12/2025
Net result
108,1 k €
+44.8% YoY
Gross margin
244 k €
+18.4% YoY
Equity
490,3 k €
-22.6% YoY

What does mdwave do?

mdwave is a Private limited company incorporated in 2020. Its main activity is: Specialist medical practice activities. Its registered office is in Leuven.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0756.906.935
Incorporation
22/10/2020
Legal form
Private limited company
Registered office
Koning Leopold III-laan 55
3001 Leuven · FlandreSee on map
Contributed capital
5 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
86220Specialist medical practice activities· main86220Specialist medical practice activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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
Gross margin244 k €206 k €150,1 k €209,2 k €457,7 k €239,9 k €
EBITDA243 k €205,1 k €149,1 k €208,3 k €457 k €239,9 k €
Operating result166,4 k €128,5 k €72,3 k €131,5 k €380,7 k €225,2 k €
Net result108,1 k €74,6 k €34,3 k €82,9 k €275,9 k €160,7 k €
Balance sheet
Equity490,3 k €633,3 k €558,7 k €524,5 k €441,6 k €165,7 k €
Total assets885 k €868 k €913,4 k €1 M €1,1 M €803,7 k €
Cash178,1 k €120,8 k €139,6 k €171,8 k €213,2 k €66,7 k €
Debts390,8 k €229,8 k €349,6 k €484,1 k €632,7 k €634,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Pieter Waer

Director · since 21 octobre 2020

Active

Ended mandates

Pieter Waer

Director · since 22 octobre 2020

Ended
Pieter Waer

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelAbridged modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202122/10/2020
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 months3 months
Filing date28/08/202628/08/202531/08/202428/08/202331/08/202218/08/2021
General meeting13/06/202614/06/202508/06/202410/06/202311/06/202230/06/2021
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
Micro model31/12/202513/06/202628/08/2026DutchPDF
Micro model31/12/202414/06/202528/08/2025DutchPDF
Micro model31/12/202308/06/202431/08/2024DutchPDF
Abridged model31/12/202210/06/202328/08/2023DutchPDF
Abridged model31/12/202111/06/202231/08/2022DutchPDF
Micro model31/12/202030/06/202118/08/2021DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 1 active · 2 ended

Active mandates

Pieter Waer

Director · since 21 octobre 2020

Active

Ended mandates

Pieter Waer

Director · since 22 octobre 2020

Ended
Pieter Waer

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares30/12/2020
    KAPITAAL - AANDELEN
    PDF
  • Other26/10/2020
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025108,1 k €↑
  2. 2024
    Annual accounts 202474,6 k €↑
  3. 2023
    Annual accounts 202334,3 k €↓
  4. 2022
    Annual accounts 202282,9 k €↓
  5. 2021
    Annual accounts 2021275,9 k €↑
  6. 2020
    Annual accounts 2020160,7 k €
  7. 22/10/2020
    IncorporationPrivate limited company