Engine — 01

The FRC Intelligence Engine. Institutional analysis. On demand.

HEALTH SNAPSHOT / Module 01 of 06
Engine online · NBB & KBO connected

Enter a Belgian enterprise number and select your reporting period — up to 10 years. The engine returns an executive-grade diagnostic in minutes.

01 · Enterprise Number
02 · Year Range
From
To
03 · Report Language
EN
NL
Fetching filings from NBB...
Northwave Industrial NV
EN 0789.456.123 · FY 2015 — 2024
74
Growth-readiness
Revenue
€42.6M
▼ 14.2% vs prior
Solvency
52.4%
▲ Very strong
Cash Position
€8.9M
▲ Record high
Net Margin
7.8%
— Stable
Risk Heatmap · Six Dimensions
Liquidity
Low
Solvency
Low
Profitability
Med
Revenue trend
High
Working capital
Low
Leverage
Med
CRITICAL EXECUTIVE FINDING · 01
Overhead scaling without volume anchor.
€2.4M overhead growth · +28% YoY · revenue −14.2% in same period

Overhead costs grew 28% while revenue contracted 14.2%. The cost base is no longer proportional to operational volume, eroding net margin from 9.3% to 7.8% in one fiscal year.