SINEWAVE
ActiveSINEWAVE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €91k and a net result of €27k. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 50% of 37972 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
87
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▼-10
Solvency83▼-17
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 7.86 against 4.35 in 2023; short-term debt: 6.7% and cash: 39.4% of total assets), and 41.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
on the day
2022
4 d early
2021
41 d early
2020
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€91k▲ 41.2%
2023 · €64k
2020: €33k
2021: €54k
2022: €94k
2023: €64k
2020 → 2024
Total assets
€156k▲ 96.9%
2023 · €79k
2020: €35k
2021: €68k
2022: €108k
2023: €79k
2020 → 2024
Net result
€27k▲ 31.9%
2023 · €20k
2020: €28k
2021: €21k
2022: €39k
2023: €20k
2020 → 2024
Working capital
€72k▲ 41.6%
2023 · €51k
2020: €22k
2021: €41k
2022: €77k
2023: €51k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€33k-€54k▲ 64.1%€94k▲ 72.2%€64k▼ 31.3%€91k▲ 41.2%
Operating result€37k-€31k▼ 17.3%€59k▲ 91.1%€32k▼ 45.1%€41k▲ 27.6%
Net result€28k-€21k▼ 24.5%€39k▲ 84.8%€20k▼ 48.8%€27k▲ 31.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 28% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €156k
Fixed assets
€74k▲ 440%
Current assets
€82k▲ 24.9%
Equity and liabilities €156k
Equity
€91k▲ 41.2%
Debt
€66k▲ 335%
The debt ratio rises from 19.0% to 41.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56k▲
2023 · €36k
Cash flow
€41k▲
2023 · €23k
Solvency
58.1%▼
2023 · 81.0%
Current ratio
7.86▲
2023 · 4.35
Quick ratio
7.86▲
2023 · 4.35
Debt / equity
0.72▲
2023 · 0.23
ROE
29.2%▼
2023 · 31.2%
ROA
16.9%▼
2023 · 25.3%
Interest coverage
19.68▼
2023 · 67.93
Debt
€66k▲
2023 · €15k
Debt ≤ 1 year
€10k▼
2023 · €15k
Debt > 1 year
€55k
Income taxes
€12k▲
2023 · €12k
Staff costs
€3k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€79k€156k▲
Fixed assets21/28€14k€74k▲
Tangible fixed assets22/27€14k€74k▲
Land and buildings22€12k€11k▼
Plant, machinery and equipment23€417€121▼
Furniture and vehicles24€1k€9k▲
Leasing and similar rights25-€55k
Current assets29/58€66k€82k▲
Amounts receivable within one year40/41€16k€18k▲
Trade receivables40€13k€15k▲
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€46k€62k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€79k€156k▲
Equity10/15€64k€91k▲
Contributions10/11€5k€5k=
Reserves13€59k€86k▲
Distributable reserves133€59k€86k▲
Amounts payable17/49€15k€66k▲
Amounts payable after more than one year17-€55k
Financial debts170/4-€55k
Amounts payable within one year42/48€15k€10k▼
Trade debts44€2k€475▼
Suppliers440/4€2k€475▼
Taxes, remuneration and social security45€2k€791▼
Taxes450/3€2k€791▼
Other amounts payable47/48€11k€9k▼
Income statement
Code20232024
Remuneration, social security and pensions62€3k€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€15k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€40k€61k▲
Operating profit (loss)9901€32k€41k▲
Financial income75/76B€16-
Recurring financial income75€16-
Financial charges65/66B€526€3k▲
Recurring financial charges65€526€3k▲
Profit (loss) for the period before taxes9903€32k€39k▲
Income taxes67/77€12k€12k▲
Profit (loss) for the period9904€20k€27k▲
Profit (loss) for the period to be appropriated9905€20k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€27k▲
Transfer to equity691/2€20k€27k▲
To other reserves6921€20k€27k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €20k ▼48.8%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €39k ▲84.8%
Operating result €59k, net result €39k, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Roeselaarsestraat 88870 IzegemGround area
160 m²
Building footprint
113 m²
Volume, LiDAR
1,632 m³
Parcel 36008A0907/00E000, Flanders · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SINEWAVE
since 20192.294.582.906
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008A0907/00E000 | Flanders | 159 m² | 1 · 113 m² | 18.2 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 258 EUR awarded · 258 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 258 EUR | 258 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 40,445 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-09-2019
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.