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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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
WAVE CONSTRUCTION from Gent, company number BE0743894879, closed financial year 2025 with a result of € 147,477 after tax. For that financial year WAVE CONSTRUCTION recorded a gross margin of € 214,938 and equity of € 3,000. Compared with financial year 2024, the result moved from € 124,667 to € 147,477. Profitable, and profit is growing. The buffer shrank hard: equity is 99 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 3,000
▼ 99% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 147,477
▲ 18% vs 2024
Profit after tax over the fiscal year.
€ 1,992
▼ 97% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 513,411 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 426
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 44,718
▼ 18% vs 2024
€ 10,127 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 3,564
▲ 74% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,224
▼ 77% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 155,358 | € 125,237 | € 198,047 | € 214,938 | ▲ 9% |
| Profit after taxes | € 105,109 | € 89,605 | € 124,667 | € 147,477 | ▲ 18% |
| Equity | € 224,662 | € 244,267 | € 368,934 | € 3,000 | ▼ 99% |
| Total debts | € 230,040 | € 75,123 | € 90,299 | € 341,015 | ▲ 278% |
| Cash | € 195,434 | € 73,441 | € 73,981 | € 1,992 | ▼ 97% |
| Land & buildings | € 229,684 | € 221,653 | € 328,083 | € 314,023 | ▼ 4% |
| Retained profit | € 221,662 | € 241,267 | € 365,934 | € 0 | ▼ 100% |
| Dividend | € 0 | € 70,000 | € 0 | € 513,411 | |
| Bank debt | € 74,423 | € 64,633 | € 54,731 | € 44,718 | ▼ 18% |
| Balance sheet total | € 454,702 | € 319,390 | € 459,233 | € 344,015 | ▼ 25% |
Key figures of WAVE CONSTRUCTION, 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 WAVE CONSTRUCTION?
What happened at WAVE CONSTRUCTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 147,477 (▲ 18% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 105,109 profit in 2022 to € 147,477 profit in 2025.
Paid € 147,812 in corporate taxes since 2022.
Best year ever: 2025, with € 147,477 profit.
Paid out € 583,411 in dividends to the owners in total.
Management
Behind WAVE CONSTRUCTION is Philippe Van Wanseele.
Directors
According to the 2025 annual accounts
Philippe Van Wanseele
Director
Establishments
Establishment units
Physical locations of this company
Noordstraat 2B102
9000 Gent
Noordstraat 2 box 102
9000 Gent
Active since 20 February 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0743.894.879
- VAT number
- BE 0743.894.879
- Registered office
- Noordstraat 2B102, 9000 Gent
- Names & denominations
- WAVE CONSTRUCTION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 February 2020
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Handel in eigen onroerend goed