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 3 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2023; threshold 65 %.
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Late annual account NBB
Fiscal year 2023 was filed 194 days after the legal deadline.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
Wave to Synth from Haaltert, company number BE0691739959, closed financial year 2023 with a result of € 988,312 after tax. For that financial year Wave to Synth recorded a gross margin of € 1.3 million and equity of € -950,327. Compared with financial year 2022, the result moved from € -1.9 million to € 988,312. Profitable, and profit is growing. 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 February 10, 2025.
€ -950,327
▲ € 1.6 million vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 988,312
▲ still € 1.9 million loss in 2022
Profit after tax over the fiscal year.
€ 1,120
▼ 98% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € -2.8 million.
People and assets in 2023
2.7
▲ 0.5 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 145,040
▲ 174% vs 2022
€ 53,700 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.
€ 1,152
▼ 45% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 338,488
▼ 68% vs 2022
€ 6,369 is repaid this year. At this pace the long-term loan is gone in ≈ 53 years.
€ 1 million
▼ 32% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 134,010
▲ € 124,918 vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € -946,905 | € -1,638,450 | € 1,255,057 | ▲ € 2.9 million |
| Profit after taxes | € -1,171,082 | € -1,876,478 | € 988,312 | ▲ € 2.9 million |
| Equity | € -812,481 | € -2,535,910 | € -950,327 | ▲ € 1.6 million |
| Total debts | € 2,519,925 | € 3,718,625 | € 2,042,562 | ▼ 45% |
| Cash | € 167,270 | € 48,925 | € 1,120 | ▼ 98% |
| Retained profit | € -1,883,834 | € -3,760,312 | € -2,772,000 | ▲ € 988,312 |
| Bank debt | € 1,179,425 | € 1,067,757 | € 338,488 | ▼ 68% |
| Balance sheet total | € 1,707,444 | € 1,182,715 | € 1,092,236 | ▼ 8% |
| Employees (FTE) | 1.8 | 2.2 | 2.7 | ▲ 0.5 |
Key figures of Wave to Synth, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Wave to Synth?
What happened at Wave to Synth in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Wave to Synth is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 988,312. filed late Source: NBB ↗
- New establishment in Haaltert. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.2 million loss in 2021 to € 988,312 profit in 2023.
Paid € 1,988 in corporate taxes since 2021.
Best year ever: 2023, with € 988,312 profit.
On average € 464,800 of value added per employee in 2023.
Management
The stake of SOUNDFIELD, HOFGROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Wave to SynthBehind Wave to Synth is Erik De Ridder. The shares are held by SOUNDFIELD (10.8%) and HOFGROUP.
Directors
According to the 2023 annual accounts
Erik De Ridder
Bestuurder
Shareholders
10.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Atomveldstraat(De) 8 box 6
9450 Haaltert
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0691.739.959
- VAT number
- BE 0691.739.959
- Registered office
- Atomveldstraat(De) 8 bus 6, 9450 Haaltert
- Names & denominations
- Wave to Synth
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Opening faillissement
- Start date
- 5 March 2018
- Peppol
- Not registered
- Activities · NACE
Promotie en organisatie van scheppende en uitvoerende kunstevenementen
Promotie en organisatie van uitvoerende kunstevenementen