Financials
Financial year 2025
FIRST WAVE from Etterbeek, company number BE0552596627, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year FIRST WAVE recorded revenue of € 8.6 million and equity of € 3.9 million. Compared with financial year 2024, the result moved from € 378,535 to € 1.3 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 5, 2026.
€ 3.9 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▲ 243% vs 2024
Profit after tax over the fiscal year.
€ 1 million
▲ 152% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1 million paid out
77 % of the profit went to the shareholders, mostly to Verode Group (100 % of the shares). That is where the money ends up.
People and assets in 2025
56.2
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.4 million
▲ 4% vs 2024
€ 114,200 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.
€ 31,060
▼ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.6 million
▲ € 1.6 million vs 2024
€ 307,280 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 435,971
▼ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 78 days on average.
€ 1.3 million
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,077,483 | € 7,338,955 | € 8,705,211 | € 8,600,042 | ▼ 1% |
| Gross margin | € 5,279,451 | € 6,891,953 | € 7,468,811 | - | |
| Profit after taxes | € 543,733 | € 244,308 | € 378,535 | € 1,298,625 | ▲ 243% |
| Equity | € 3,017,114 | € 3,261,422 | € 3,639,957 | € 3,875,207 | ▲ 6% |
| Total debts | € 1,136,562 | € 1,898,251 | € 2,149,582 | € 3,382,970 | ▲ 57% |
| Cash | € 53,237 | € 74,577 | € 404,176 | € 1,017,712 | ▲ 152% |
| Retained profit | € 2,955,114 | € 3,199,422 | € 3,577,957 | € 3,813,207 | ▲ 7% |
| Dividend | € 0 | € 0 | € 0 | € 1,000,000 | |
| Bank debt | € 0 | € 0 | € 10,104 | € 1,572,455 | ▲ € 1.6 million |
| Balance sheet total | € 4,153,676 | € 5,159,673 | € 6,550,104 | € 7,258,177 | ▲ 11% |
| Employees (FTE) | 47.4 | 51.3 | 57.8 | 56.2 | ▼ 1.6 |
Key figures of FIRST WAVE, 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 FIRST WAVE?
What happened at FIRST WAVE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.3 million (▲ 243% vs 2024). Source: NBB ↗
- New establishment in Etterbeek. KBO
- Carmen Rousseeuw became a director. NBB
- Iwona De Pourbaix became a director. NBB
- Waldo Vervoort became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 543,733 profit in 2022 to € 1.3 million profit in 2025.
Paid € 1 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.3 million profit.
On average € 129,200 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind FIRST WAVE are Carmen Rousseeuw, Iwona De Pourbaix and Waldo Vervoort. The shares are held by Verode Group (100%).
Directors
According to the 2025 annual accounts
since 2023
since 2023
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oudergemlaan 346 box 2
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AS-ZXCS, NL
Website info
Features
Security
Network
Details
- Company number
- 0552.596.627
- VAT number
- BE 0552.596.627
- Registered office
- Oudergemlaan 346 bus 2, 1040 Etterbeek
- Names & denominations
- FIRST WAVE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 May 2014
- Peppol
- Active · Active since 22 Aug 2025
- Contact
- firstwave.be
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