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 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
62 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MakeWaves Interactive from Kontich, company number BE0733952082, closed financial year 2025 with a result of € 76,903 after tax. For that financial year MakeWaves Interactive recorded revenue of € 2.5 million and equity of € -583,899. Compared with financial year 2024, the result moved from € -474,448 to € 76,903. 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 July 28, 2026.
€ -583,899
▲ € 76,903 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 76,903
▲ still € 474,448 loss in 2024
Profit after tax over the fiscal year.
€ 47,354
▲ 128% 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 € -683,899.
People and assets in 2025
12.4
▲ 4.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 821,580
▲ 81% vs 2024
€ 66,300 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.
€ 233,321
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 189,008
▲ 270% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 366,601 | € 1,032,974 | € 1,139,220 | € 2,539,342 | ▲ 123% |
| Gross margin | € 12,620 | € 213,849 | € 10,568 | € 944,694 | ▲ € 934,126 |
| Profit after taxes | € -114,544 | € 2,373 | € -474,448 | € 76,903 | ▲ € 551,351 |
| Equity | € -188,726 | € -186,353 | € -660,801 | € -583,899 | ▲ € 76,903 |
| Total debts | € 295,925 | € 450,348 | € 1,018,266 | € 1,244,564 | ▲ 22% |
| Cash | € 5,304 | € 17,667 | € 20,733 | € 47,354 | ▲ 128% |
| Retained profit | € -288,726 | € -286,353 | € -760,801 | € -683,899 | ▲ € 76,903 |
| Balance sheet total | € 107,199 | € 263,995 | € 357,465 | € 660,887 | ▲ 85% |
| Employees (FTE) | 2.1 | 3.4 | 8 | 12.4 | ▲ 4.4 |
Key figures of MakeWaves Interactive, 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 MakeWaves Interactive?
What happened at MakeWaves Interactive in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- De Cronos Groep NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 76,903. Source: NBB ↗
- De Cronos Groep NV became a director. NBB
- New establishment in Merelbeke-Melle. KBO
- New establishment in Kontich. KBO
- Start of the company according to the CBE. KBO
In short
From € 114,544 loss in 2022 to € 76,903 profit in 2025.
Paid € 2,905 in corporate taxes since 2022.
Best year ever: 2025, with € 76,903 profit.
On average € 76,200 of value added per employee in 2025.
Management
The stake of True Saints, KOO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MakeWaves InteractiveThe shares are held by XGD NV (90%), True Saints (65%) and KOO (33.1%).
Directors
According to the 2025 annual accounts
Director · represented by Dirk Deroost
Owns 33.1% via KOO · Owns 65% via True Saints
Also active at: RESIDENCE LES ONDES, FOCUS ADVERTISING, Cronos, EECKHOUT JAN, VENTIGRATE, CRONOS PUBLIC SERVICES, Customer Link, Obycron +444 more
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Veldkant 33 A
2550 Kontich
Guldensporenpark Gebouw I
9820 Merelbeke-Melle
Active since 1 April 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 62 companies are registered at this address.
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€ 4.3 million revenue · 2025
RHEA same network
€ 1.1 million revenue · 2025
Learnia same network
€ 1.5 million revenue · 2025
+57 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0733.952.082
- VAT number
- BE 0733.952.082
- Registered office
- Veldkant 33 A, 2550 Kontich
- Names & denominations
- MakeWaves Interactive
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 September 2019
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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