Financials
Financial year 2025
Worth noting
- A loss two years in a row.
Gross margin
€ 1.3 million
▲ 103% vs 2024
Profit
Caution€ -12 million
▼ 43% vs 2024
Debts
Low€ 9.1 million
▲ 24% vs 2024
Swave from Leuven, company number BE0781441007, closed financial year 2025 with a result of € -12 million after tax. For that financial year Swave recorded a gross margin of € 1.3 million and equity of € 20.8 million. Compared with financial year 2024, the result moved from € -8.4 million to € -12 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
What happened at Swave?
What happened at Swave in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 12 million. Source: NBB ↗
- Théodore Marescaux became a director. NBB
- LightSail BV stepped down as director. NBB
- IAG CAPITAL FUND III, LP became a director. NBB
- QBIC VENTURE PARTNERS III NV became a director. NBB
- Relaunch for the Future NV became a director. NBB
- Tom Vanhoutte became a director. NBB
- Michael Edward Noonen became a director. NBB
In short
From € 5.2 million loss in 2023 to € 12 million loss in 2025.
On average € 63,600 of value added per employee in 2025.
A new publication or filing at Swave? We notify you, reason included.
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History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
Indicative credit limit, computed from the real figures.
Alerts
News about who you follow, reason included.
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Management
Behind Swave are Michael Edward Noonen, Théodore Marescaux, Pieter Vorenkamp, Participatiemaatschappij Vlaanderen NV, IAG CAPITAL FUND III, LP and QBIC VENTURE PARTNERS III NV. It owns 100% of Swave Photonics Inc itself.
Directors
According to the 2025 annual accounts
Michael Edward Noonen
Director
since 2023
Théodore Marescaux
Director
since 2026
Pieter Vorenkamp
Director
since 2022
Participatiemaatschappij Vlaanderen NV
Director · represented by Keppens Johan
Also active at: VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK, Arts Gebroeders immobilière, BEDRIJVENCENTRUM VILVOORDE +141 more
since 2022
Director · represented by Joel Whitley
since 2025
Director · represented by Cédric Van Nevel
Also active at: RheaVita, VoxelSensors, AnimAb +7 more
since 2024
since 2024
Director · represented by Alan Vandenberghe
since 2024
Director · represented by Théodore Marescaux
since 2022 · until 2026
Establishments
Establishment units
Physical locations of this company
Gaston Geenslaan 10
3001 Leuven
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Google Workspace
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
swave.io
Registered
2017-10-14
Registrar
Gandi SAS
Expires
2026-10-14
Website info
Features
Security
Network
Details
- Company number
- 0781.441.007
- VAT number
- BE 0781.441.007
- Registered office
- Gaston Geenslaan 10, 3001 Leuven
- Names & denominations
- Swave
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 February 2022
- Peppol
- Active · Active since 3 Dec 2025
- Contact
- swave.io
- Activities · NACE
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