ACTIVE

SMART WAVES

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Financial year 2025 · closed on 31/12/2025
Net result
19,7 k €
-57.4% YoY
Gross margin
43,5 k €
-21.0% YoY
Equity
210,6 k €
+10.3% YoY

What does SMART WAVES do?

SMART WAVES is a Private company with limited liability incorporated in 2011. Its main activity is: Management consultancy activities. Its registered office is in Hemiksem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0837.248.768
Incorporation
21/06/2011
Legal form
Private company with limited liability
Registered office
Koekoekweg 13
2620 Hemiksem · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities82100Office administrative and support activities82110Combined office administrative service 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 11 financial years

20252024202320222021201720162015201420132012
Income statement
Gross margin43,5 k €55,1 k €62,5 k €57,9 k €46,3 k €-1,7 k €16,3 k €5,4 k €-7,4 k €-9 k €23,4 k €
EBITDA42,6 k €54,3 k €61,2 k €57 k €45,6 k €-3,4 k €15,4 k €4,5 k €-8,3 k €-9,8 k €19,9 k €
Operating result40,2 k €48,9 k €56,1 k €54 k €44,3 k €-3,9 k €14,8 k €3,4 k €-12,9 k €-17,2 k €-2,1 k €
Net result19,7 k €46,1 k €40 k €37,9 k €30 k €-2,2 k €14,7 k €3,3 k €-13 k €-18,1 k €-3 k €
Balance sheet
Equity210,6 k €191 k €144,8 k €104,9 k €66,9 k €218,5 €2,4 k €-12,3 k €-15,6 k €-2,5 k €15,6 k €
Total assets234,8 k €206,6 k €177,3 k €144,3 k €99 k €36,5 k €12,7 k €7,7 k €4,5 k €25 k €22,5 k €
Cash0 €1,1 k €11,1 k €10,4 k €46,1 k €355,6 €5,9 k €3,4 k €1,8 k €1,5 k €1,7 k €
Debts24,2 k €15,6 k €32,4 k €35,6 k €32 k €32,9 k €9,2 k €20 k €19,7 k €26,5 k €7 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Philippe Leemans

Director · since 01 avril 2013

Active

Ended mandates

Sharon Wurman

Manager · since 27 juin 2013

Ended
Philippe Leemans

Manager · since 01 avril 2013

Ended
Philippe Leemans

Director · since 06 juillet 2011

Ended
Philippe Leemans

Manager · since 06 juillet 2011

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
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 months12 months
Filing date22/07/202619/08/202513/08/202419/06/202308/08/202230/08/2021
General meeting28/05/202629/05/202530/05/202425/05/202327/05/202227/05/2021
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202528/05/202622/07/2026DutchPDF
Micro model31/12/202429/05/202519/08/2025DutchPDF
Micro model31/12/202330/05/202413/08/2024DutchPDF
Micro model31/12/202225/05/202319/06/2023DutchPDF
Micro model31/12/202127/05/202208/08/2022DutchPDF
Micro model31/12/202027/05/202130/08/2021DutchPDF
Micro model31/12/201907/09/202023/09/2020DutchPDF
Micro modelCorrection31/12/201830/05/201919/07/2019DutchPDF
Micro model31/12/201830/05/201911/07/2019DutchPDF
Micro model31/12/201728/06/201816/07/2018DutchPDF
Micro model31/12/201630/06/201728/07/2017DutchPDF
Abridged model31/12/201526/05/201630/06/2016DutchPDF
Abridged model31/12/201428/05/201521/08/2015DutchPDF
Abridged model31/12/201330/05/201413/06/2014DutchPDF
Abridged model31/12/201230/05/201327/06/2013DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 5 ended

Active mandates

Philippe Leemans

Director · since 01 avril 2013

Active

Ended mandates

Sharon Wurman

Manager · since 27 juin 2013

Ended
Philippe Leemans

Manager · since 01 avril 2013

Ended
Philippe Leemans

Director · since 06 juillet 2011

Ended
Philippe Leemans

Manager · since 06 juillet 2011

Ended
Shareholders

Ownership and network

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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 202519,7 k €↓
  2. 2024
    Annual accounts 202446,1 k €↑
  3. 2023
    Annual accounts 202340 k €↑
  4. 2022
    Annual accounts 202237,9 k €↑
  5. 2021
    Annual accounts 202130 k €↑
  6. 2017
    Annual accounts 2017-2,2 k €↓
  7. 2016
    Annual accounts 201614,7 k €↑
  8. 2015
    Annual accounts 20153,3 k €↑
  9. 2014
    Annual accounts 2014-13 k €↑
  10. 2013
    Annual accounts 2013-18,1 k €↓
  11. 2012
    Annual accounts 2012-3 k €
  12. 21/06/2011
    IncorporationPrivate company with limited liability