Factsheet & Review

Waybase

Softwarebureau · Brussels

The content of this factsheet is in Dutch.

Waybase is een softwarebureau. Het aanbod is gericht op ai & automatisering en webdevelopment.

ContinuityUnder pressure

GrowthShrinking-77,9% gross margin versus the previous year · median 30,4%

shrinkinggrowth

ProfitabilityAverage margin20,4% of gross margin remains as EBITDA · median 18,8%

thinample

ResilienceThin balance sheet-29% of the balance sheet is equity · median 37%

thinample

Per-head and per-hour figures say too little here: too few people are on the payroll. This factsheet therefore shows growth, profitability and balance sheet.

How this agency makes money

Revenue, margin and what an hour of work brings in. Everything on the earning side sits together here.

Revenue trendgross margin per financial year

202320242025

Latest year: € 668 gross margin, growth -77,9% against a sector median of +30,4%.

Shrinking

MarginEBITDA / gross margin · value-added coverage

202320242025

WaybaseSector median

EBITDA margin 20,4%, sector median 18,8%. Value-added coverage - (median 1,23).

Healthy margin

Can the agency take a hit

Buffer, cash position and payment behaviour side by side, so you can see where they disagree.

Bufferequity in months of payroll

Buffer: - (median 5,6 mo). Equity in the latest year: € -1.066.

No buffer data

Cash positionAvailable cash, and whether it covers short-term debt

Cash € 373. Liquidity ratio 0,78: current assets cover short-term debt not in full. Solvency -28,6%.

Not covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 171 days of supplier credit, sector median 45. The accounts were filed 34 days after closing; the legal deadline is seven months.

Pays slower than average

Signals and strengths

Events from the CBE and the Official Gazette over the past 24 months, plus positive markers derived from the figures.

Continuity

1 red flag(s) (24m)

Signals in the last 24 months

Negative equity · 31 Dec 2025 · NBB
Debts exceed assets. A serious signal: the agency is running on other people's credit.
Late filing · 29 Aug 2024 · NBB
The annual accounts were filed after the statutory deadline. Over a third of the sector does this; rarely alarming in itself.

Click a signal for a plain-language explanation.

What this agency does well

EBITDA margin above the sector median (20,4%)

Each point is a fact from the filed annual accounts, measured against the same thresholds and sector medians as the signals above.

All the figures

Reference material, not a starting point. Expand it if you want to read the series yourself.

3 financial years, 2023 to 2025Result, staff and balance sheet

	2023	2024	2025
Result
Gross margin	€ -4.244	€ 3.025	€ 668-77,9%
EBITDA	€ -4.714	€ 2.512	€ 136
EBITDA margin	-	83%	20,4%
Staff
Balance sheet
Equity	€ -1.819	€ -1.202	€ -1.066
Cash	€ 3.707	€ 11.168	€ 373
Liquidity ratio	0,64	0,96	0,78

Payroll cost per FTE comes from the social report where available, otherwise from the Remuneration line. Both are gross costs including employer contributions.

What this factsheet does not know

How good the work is. Figures do not measure creativity, strategy or chemistry.
How the client portfolio is spread. Concentration is not in the accounts.
Freelancers and subcontractors are not in the FTE figures. An agency with 40 staff may in practice run with 70 people.
This agency files an abbreviated or micro scheme and therefore publishes no staff data. Seniority, turnover and hourly level cannot be derived. This is entirely legal and says nothing about quality.
The figures cover financial year 2025, filed on 03/02/2026. At a fast-moving agency reality today may differ.

Based on publicly filed annual accounts (NBB) and official records (CBE, Belgian Official Gazette). An indication, not financial advice. Sector medians calculated on 27 Jul 2026. Sector medians based on financial year 2024: the last year for which nearly all accounts have been filed.

All factsheets

Website

www.waybase.io →

Legal form

Address

Charbolaan 77, 1030 Schaarbeek

Company number

BE0801.460.916

Board

Junior Peter Inge Lambrechts since 2023

Average tenure 3,2 years.

Sector position

Larger than ±10% of its peers

Are you a big or a small client?

Your annual budget with this agency

Based on a gross margin of € 668 (financial year 2025).

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