Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
NWAVE PICTURES from Vorst, company number BE0877097556, closed financial year 2025 with a result of € -5.6 million after tax. For that financial year NWAVE PICTURES recorded revenue of € 10 million and equity of € 3 million. Compared with financial year 2024, the result moved from € -1.9 million to € -5.6 million. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 7, 2026.
€ 3 million
▲ € 7.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5.6 million
▼ 198 % more loss than in 2024
Profit after tax over the fiscal year.
€ 185,381
▼ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -13.4 million.
People and assets in 2025
2.4
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 219,125
▲ 18% vs 2024
€ 91,300 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
€ 20,051
▼ 66% vs 2024
Loans from banks and other lenders, long and short.
€ 4.5 million
▼ 74% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 513 days on average.
€ 220,803
▲ 244% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,725,983 | € 20,157,148 | € 1,706,272 | € 10,001,475 | ▲ € 8.3 million |
| Profit after taxes | € -404,361 | € -2,128,641 | € -1,863,340 | € -5,561,872 | ▼ € 3.7 million |
| Equity | € -390,854 | € -2,019,495 | € -4,605,197 | € 2,953,741 | ▲ € 7.6 million |
| Total debts | € 24,547,950 | € 15,125,028 | € 39,784,175 | € 21,426,372 | ▼ 46% |
| Cash | € 92,177 | € 363,860 | € 466,718 | € 185,381 | ▼ 60% |
| Retained profit | € -3,090,854 | € -5,219,495 | € -7,805,197 | € -13,367,069 | ▼ € 5.6 million |
| Bank debt | € 5,353,830 | € 4,106,750 | € 58,788 | € 20,051 | ▼ 66% |
| Balance sheet total | € 24,157,095 | € 13,105,533 | € 35,178,978 | € 24,380,114 | ▼ 31% |
| Employees (FTE) | 2 | 2 | 2.2 | 2.4 | ▲ 0.2 |
Key figures of NWAVE PICTURES, fiscal years 2021 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 NWAVE PICTURES?
What happened at NWAVE PICTURES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 5.6 million. filed late Source: NBB ↗
- NWAVE STUDIOS became a director. NBB
- Matthieu Gondinet became a director. NBB
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 404,361 loss in 2021 to € 5.6 million loss in 2025.
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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 stake of nWave Studios comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NWAVE PICTURESBehind NWAVE PICTURES are Matthieu Gondinet and NWAVE STUDIOS. The shares are held by nWave Studios (100%).
Directors
According to the 2025 annual accounts
Matthieu Gondinet
Managing director
Also active at: nWave Studios, nWave Digital, MAGIC IMAGE, MOVIDA WALLONIE
since 2021
Director · represented by Matthieu ZELLER
Also active at: nWave Digital, MAGIC IMAGE, MOVIDA WALLONIE
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bondgenotenstraat 282
1190 Vorst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0877.097.556
- VAT number
- BE 0877.097.556
- Registered office
- Bondgenotenstraat 282, 1190 Vorst
- Names & denominations
- NWAVE PICTURES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 November 2005
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Productie van video en film, muv bioscoop- en televisiefilms
Productie van bioscoopfilms
Productie van televisiefilms
Activiteiten op het gebied van de distributie van films en video’s
Productie van overige films
Distributie van films