Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Busy address KBO
81 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
WAVEMAKER from Sint-Joost-ten-Node, company number BE0449462069, closed financial year 2025 with a result of € -1.5 million after tax. For that financial year WAVEMAKER recorded revenue of € 129 million and equity of € -644,932. Compared with financial year 2024, the result moved from € 1.3 million to € -1.5 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ -644,932
▼ € 1.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▼ still € 1.3 million profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -782,959.
People and assets in 2025
56.9
▲ 4.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.8 million
▲ 10% vs 2024
€ 83,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 26,509
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 25.1 million
▲ 141% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 73 days on average.
€ 1.1 million
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 68,585,722 | € 90,458,864 | € 112,447,662 | € 129,031,138 | ▲ 15% |
| Profit after taxes | € 3,447 | € 707,361 | € 1,300,411 | € -1,530,703 | ▼ € 2.8 million |
| Equity | € -122,002 | € 585,359 | € 885,770 | € -644,932 | ▼ € 1.5 million |
| Total debts | € 36,844,414 | € 47,482,607 | € 42,628,308 | € 50,187,851 | ▲ 18% |
| Retained profit | € -260,029 | € 447,333 | € 747,744 | € -782,959 | ▼ € 1.5 million |
| Dividend | € 0 | € 0 | € 1,000,000 | € 0 | ▼ 100% |
| Balance sheet total | € 36,722,412 | € 48,067,966 | € 43,514,079 | € 50,404,162 | ▲ 16% |
| Employees (FTE) | 38.2 | 43.1 | 52.6 | 56.9 | ▲ 4.3 |
Key figures of WAVEMAKER, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to WAVEMAKER?
What happened at WAVEMAKER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Els Thielemans stepped down as director. NBB
- Matthijs Brouwer stepped down as director. NBB
- Suzanne Stroobants stepped down as director. NBB
- Thierry Brynaert stepped down as director. NBB
- Leen Schramme stepped down as director. NBB
- Thierry Lenders stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.5 million (▼ € 2.8 million vs 2024). Source: NBB ↗
- Els Thielemans became a director. NBB
In short
From € 3,447 profit in 2022 to € 1.5 million loss in 2025.
Paid € 542,518 in corporate taxes since 2022.
Best year ever: 2024, with € 1.3 million profit.
Paid out € 1 million in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
since 2025 · until 2030
since 2025 · until 2030
since 2025 · until 2030
Thierry Brynaert
Managing director
Also active at: MindShare, WPP Media Belgium, EssenceMediacom Belgium
since 2018 · until 2030
Leen Schramme
Director
since 2018 · until 2030
Thierry Lenders
Director
Also active at: MindShare, WPP GROUP SERVICES, WPP Holdings Brussels, WPP Belgium SSC, GROUPM BELGIUM, EssenceMediacom Belgium
since 2023 · until 2030
Establishments
Establishment units
Physical locations of this company
Victoria Reginaplantsoen 1
1210 Sint-Joost-ten-Node
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 81 companies are registered at this address.
All companies at this address →UniCredit
OGILVY SOCIAL LAB
€ 34.3 million revenue · 2025
Mutuelle Victoria Regina
MindShare same network
€ 161 million revenue · 2025
CommPass
+76 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Domain
Domain
wavemakerglobal.com
Registered
2017-08-22
Registrar
CSC Corporate Domains, Inc.
Expires
2026-08-22
Website info
Features
Details
- Company number
- 0449.462.069
- VAT number
- BE 0449.462.069
- Registered office
- Victoria Reginaplantsoen 1, 1210 Sint-Joost-ten-Node
- Names & denominations
- WAVEMAKER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 1993
- Peppol
- Active · Active since 23 Dec 2025
- Contact
- wavemakerglobal.com
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