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 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SMART WAVES from Hemiksem, company number BE0837248768, closed financial year 2025 with a result of € 19,661 after tax. For that financial year SMART WAVES recorded a gross margin of € 43,487 and equity of € 210,612. Compared with financial year 2024, the result moved from € 46,102 to € 19,661. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 210,612
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19,661
▼ 57% vs 2024
Profit after tax over the fiscal year.
€ 0
▼ 100% 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 € 192,012.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 1,271
▼ 73% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3,967
Loans from banks and other lenders, long and short.
€ 30
▼ 96% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,215
▲ 36% 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 | € 57,896 | € 62,543 | € 55,063 | € 43,487 | ▼ 21% |
| Profit after taxes | € 37,942 | € 39,963 | € 46,102 | € 19,661 | ▼ 57% |
| Equity | € 104,887 | € 144,849 | € 190,951 | € 210,612 | ▲ 10% |
| Total debts | € 39,447 | € 32,424 | € 15,649 | € 24,212 | ▲ 55% |
| Cash | € 10,378 | € 11,083 | € 1,090 | € 0 | ▼ 100% |
| Retained profit | € 86,287 | € 126,249 | € 172,351 | € 192,012 | ▲ 11% |
| Bank debt | € 0 | € 0 | € 0 | € 3,967 | |
| Balance sheet total | € 144,334 | € 177,273 | € 206,600 | € 234,824 | ▲ 14% |
Key figures of SMART WAVES, 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 SMART WAVES?
What happened at SMART WAVES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 19,661 (▼ 57% vs 2024). Source: NBB ↗
- Philippe Leemans became a director. NBB
- New establishment in Hemiksem. KBO
- Start of the company according to the CBE. KBO
In short
From € 37,942 profit in 2022 to € 19,661 profit in 2025.
Paid € 65,567 in corporate taxes since 2022.
Best year ever: 2024, with € 46,102 profit.
Management
Behind SMART WAVES is Philippe Leemans.
Directors
According to the 2025 annual accounts
Philippe Leemans
Director
since 2013
Establishments
Establishment units
Physical locations of this company
Koekoekweg 13
2620 Hemiksem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0837.248.768
- VAT number
- BE 0837.248.768
- Registered office
- Koekoekweg 13, 2620 Hemiksem
- Names & denominations
- SMART WAVES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 June 2011
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
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