Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 3 to 1.1.
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Busy address KBO
43 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Sendwave from Brussel, company number BE0733531321, closed financial year 2025 with a result of € 813,689 after tax. For that financial year Sendwave recorded revenue of € 33.1 million and equity of € 3 million. Compared with financial year 2024, the result moved from € 618,816 to € 813,689. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 3 million
▲ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 813,689
▲ 31% vs 2024
Profit after tax over the fiscal year.
€ 144,134
▼ 93% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.6 million.
People and assets in 2025
1.1
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▲ 26% vs 2024
€ 2.1 million 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 8.5 million
▼ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 91 days on average.
€ 899,318
▲ 73% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 20,042,460 | € 33,086,785 | ▲ 65% |
| Gross margin | € 1,974,397 | € 2,763,235 | - | - | |
| Profit after taxes | € 94,110 | € 199,900 | € 618,816 | € 813,689 | ▲ 31% |
| Equity | € 1,378,526 | € 1,578,426 | € 2,197,242 | € 3,010,931 | ▲ 37% |
| Total debts | € 8,603,098 | € 16,938,515 | € 20,565,104 | € 9,442,836 | ▼ 54% |
| Cash | € 1,940,641 | € 1,047,019 | € 1,962,541 | € 144,134 | ▼ 93% |
| Retained profit | € -21,474 | € 178,426 | € 797,242 | € 1,610,931 | ▲ 102% |
| Balance sheet total | € 9,981,625 | € 18,516,941 | € 22,779,715 | € 12,479,531 | ▼ 45% |
| Employees (FTE) | 3.2 | 3 | 2.1 | 1.1 | ▼ 1 |
Key figures of Sendwave, 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 Sendwave?
What happened at Sendwave in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Thibault Pierre Heyvaert stepped down as director. NBB
- Philip Doyle stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 813,689 (▲ 31% vs 2024). Source: NBB ↗
- Christina Alejandra Elsea-Belousek stepped down as director. NBB
- Jonathan Barrie Morris stepped down as director. NBB
- Christina Alejandra Elsea-Belousek became a director. NBB
- Jonathan Barrie Morris became a director. NBB
- Thibault Pierre Heyvaert became a director. NBB
In short
From € 94,110 profit in 2022 to € 813,689 profit in 2025.
Paid € 560,024 in corporate taxes since 2022.
Best year ever: 2025, with € 813,689 profit.
On average € 921,100 of value added per employee in 2023.
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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
The shares are held by WorldRemit Corp. (100%).
Directors
According to the 2025 annual accounts
since 2023 · until 2027
Philip Doyle
Director
since 2022 · until 2027
since 2024 · until 2025
since 2025 · until 2026
Shareholders
WorldRemit Corp.
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Handelsstraat 31
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 43 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
- 0733.531.321
- VAT number
- BE 0733.531.321
- Registered office
- Handelsstraat 31, 1000 Brussel
- Names & denominations
- Sendwave
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 August 2019
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Overige financiële dienstverlening, neg