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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="Assets_totalLabel_labelfr" xml:lang="fr">Total Actifs</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="CashAndCashEquivalents_periodStartLabel_labelfr" xml:lang="fr">Trésorerie et équivalents de trésorerie début de période</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="CashAndCashEquivalents_periodStartLabel_labelfr" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="CashAndCashEquivalents_periodEndLabel_labelfr" xml:lang="fr">Trésorerie et équivalents de trésorerie fin de période</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="CashAndCashEquivalents_periodEndLabel_labelfr" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ComprehensiveIncome_totalLabel_labelfr" xml:lang="fr">Total Résultat global</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncome" xlink:to="ComprehensiveIncome_totalLabel_labelfr" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="Equity_periodStartLabel_labelfr" xml:lang="fr">Capitaux propres début de période</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="Equity_periodStartLabel_labelfr" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="Equity_periodEndLabel_labelfr" xml:lang="fr">Capitaux propres fin de période</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="Equity_periodEndLabel_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="EquityAndLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="EquityAndLiabilities_totalLabel_labelfr" xml:lang="fr">Total Capitaux propres et passifs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilities" xlink:to="EquityAndLiabilities_totalLabel_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseInCashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:label="IncreaseDecreaseInCashAndCashEquivalents_netLabel_labelfr" xml:lang="fr">Augmentation (diminution) nette de la trésorerie et des équivalents de trésorerie</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalents" xlink:to="IncreaseDecreaseInCashAndCashEquivalents_netLabel_labelfr" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="IncreaseDecreaseInCashAndCashEquivalents_periodEndLabel_labelfr" xml:lang="fr">Augmentation (diminution) nette de la trésorerie et des équivalents de trésorerie à la cloture</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalents" xlink:to="IncreaseDecreaseInCashAndCashEquivalents_periodEndLabel_labelfr" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="IncreaseDecreaseInCashAndCashEquivalents_periodStartLabel_labelfr" xml:lang="fr">Augmentation (diminution) nette de la trésorerie et des équivalents de trésorerie à l'ouverture</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalents" xlink:to="IncreaseDecreaseInCashAndCashEquivalents_periodStartLabel_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:label="IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_netLabel_labelfr" xml:lang="fr">Augmentation (diminution) nette de la trésorerie et des équivalents de trésorerie avant effet des variations des taux de change</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:to="IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_netLabel_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AmortizationOfCustomerRelationshipIntangibleAssets" xlink:href="wavestone-2022-03-31.xsd#wavestone_AmortizationOfCustomerRelationshipIntangibleAssets" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="AmortizationOfCustomerRelationshipIntangibleAssets_label_labelfr" xml:lang="fr">Amortissement relation clientèle</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortizationOfCustomerRelationshipIntangibleAssets" xlink:to="AmortizationOfCustomerRelationshipIntangibleAssets_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="DepreciationChargesAndProvisions" xlink:href="wavestone-2022-03-31.xsd#wavestone_DepreciationChargesAndProvisions" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="DepreciationChargesAndProvisions_label_labelfr" xml:lang="fr">Dotations nettes aux amortissements et aux provisions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationChargesAndProvisions" xlink:to="DepreciationChargesAndProvisions_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="NetDepreciationChargesAndProvisions" xlink:href="wavestone-2022-03-31.xsd#wavestone_NetDepreciationChargesAndProvisions" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="NetDepreciationChargesAndProvisions_label_labelfr" xml:lang="fr">Dotations nettes aux amortissements et provisions (1)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetDepreciationChargesAndProvisions" xlink:to="NetDepreciationChargesAndProvisions_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="StatementOfComprehensiveIncomeAbstractLineItems" xlink:href="wavestone-2022-03-31.xsd#wavestone_StatementOfComprehensiveIncomeAbstractLineItems" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="StatementOfComprehensiveIncomeAbstractLineItems_label_labelfr" xml:lang="fr">Statement Of Comprehensive Income Abstract Line Items</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfComprehensiveIncomeAbstractLineItems" xlink:to="StatementOfComprehensiveIncomeAbstractLineItems_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AmountOfOwnSharesDefinitiveVesting" xlink:href="wavestone-2022-03-31.xsd#wavestone_AmountOfOwnSharesDefinitiveVesting" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="AmountOfOwnSharesDefinitiveVesting_label_labelfr" xml:lang="fr">Montant des actions auto-détenues livrées</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountOfOwnSharesDefinitiveVesting" xlink:to="AmountOfOwnSharesDefinitiveVesting_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ChangeInFinancialAssets" xlink:href="wavestone-2022-03-31.xsd#wavestone_ChangeInFinancialAssets" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ChangeInFinancialAssets_label_labelfr" xml:lang="fr">Variation des immobilisations financières</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInFinancialAssets" xlink:to="ChangeInFinancialAssets_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CumulatedDeferredTaxAssetsHistoricallyBookedInEquity" xlink:href="wavestone-2022-03-31.xsd#wavestone_CumulatedDeferredTaxAssetsHistoricallyBookedInEquity" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="CumulatedDeferredTaxAssetsHistoricallyBookedInEquity_label_labelfr" xml:lang="fr">Cumul impôts différés actifs relatifs aux éléments comptabilisés dans les capitaux propres depuis l’origine </link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CumulatedDeferredTaxAssetsHistoricallyBookedInEquity" xlink:to="CumulatedDeferredTaxAssetsHistoricallyBookedInEquity_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="NetInterestsPaidOnLeaseLiabilities" xlink:href="wavestone-2022-03-31.xsd#wavestone_NetInterestsPaidOnLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="NetInterestsPaidOnLeaseLiabilities_label_labelfr" xml:lang="fr">Intérêts net versés sur dettes locatives</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetInterestsPaidOnLeaseLiabilities" xlink:to="NetInterestsPaidOnLeaseLiabilities_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="SaleAcquisitionByTheCompanyOfItsOwnShares" xlink:href="wavestone-2022-03-31.xsd#wavestone_SaleAcquisitionByTheCompanyOfItsOwnShares" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SaleAcquisitionByTheCompanyOfItsOwnShares_label_labelfr" xml:lang="fr">Cession (acquisition) par la société de ses propres titres (2)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleAcquisitionByTheCompanyOfItsOwnShares" xlink:to="SaleAcquisitionByTheCompanyOfItsOwnShares_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CostOfNetFinancialDebtIncludingInterestOnLeaseLiabilities" xlink:href="wavestone-2022-03-31.xsd#wavestone_CostOfNetFinancialDebtIncludingInterestOnLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="CostOfNetFinancialDebtIncludingInterestOnLeaseLiabilities_label_labelfr" xml:lang="fr">Cout de l'endettement financier net (y.c. intérêts sur dettes locatives)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfNetFinancialDebtIncludingInterestOnLeaseLiabilities" xlink:to="CostOfNetFinancialDebtIncludingInterestOnLeaseLiabilities_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="TaxAndSocialSecurityLiabilities" xlink:href="wavestone-2022-03-31.xsd#wavestone_TaxAndSocialSecurityLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="TaxAndSocialSecurityLiabilities_label_labelfr" xml:lang="fr">Dettes fiscales et sociales</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxAndSocialSecurityLiabilities" xlink:to="TaxAndSocialSecurityLiabilities_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="GrossCostOfFinancialDebt" xlink:href="wavestone-2022-03-31.xsd#wavestone_GrossCostOfFinancialDebt" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="GrossCostOfFinancialDebt_label_labelfr" xml:lang="fr">Coût de l'endettement financier brut</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossCostOfFinancialDebt" xlink:to="GrossCostOfFinancialDebt_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ReservesAndRetainedEarningsMember" xlink:href="wavestone-2022-03-31.xsd#wavestone_ReservesAndRetainedEarningsMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ReservesAndRetainedEarningsMember_label_labelfr" xml:lang="fr">Réserves consolidées</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReservesAndRetainedEarningsMember" xlink:to="ReservesAndRetainedEarningsMember_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherOperatingIncomeAndExpenses" xlink:href="wavestone-2022-03-31.xsd#wavestone_OtherOperatingIncomeAndExpenses" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="OtherOperatingIncomeAndExpenses_label_labelfr" xml:lang="fr">Autres produits et charges opérationnels</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeAndExpenses" xlink:to="OtherOperatingIncomeAndExpenses_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProfitLossOfTheYearMember" xlink:href="wavestone-2022-03-31.xsd#wavestone_ProfitLossOfTheYearMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ProfitLossOfTheYearMember_label_labelfr" xml:lang="fr">Résultat de l'exercice</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossOfTheYearMember" xlink:to="ProfitLossOfTheYearMember_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="NetCostOfFinancialDebt" xlink:href="wavestone-2022-03-31.xsd#wavestone_NetCostOfFinancialDebt" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="NetCostOfFinancialDebt_label_labelfr" xml:lang="fr">Coût de l'endettement financier net</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCostOfFinancialDebt" xlink:to="NetCostOfFinancialDebt_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ReservesAndConsolidatedIncome" xlink:href="wavestone-2022-03-31.xsd#wavestone_ReservesAndConsolidatedIncome" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ReservesAndConsolidatedIncome_label_labelfr" xml:lang="fr">Réserves et résultats consolidés</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReservesAndConsolidatedIncome" xlink:to="ReservesAndConsolidatedIncome_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="EBIT" xlink:href="wavestone-2022-03-31.xsd#wavestone_EBIT" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="EBIT_label_labelfr" xml:lang="fr">Résultat opérationnel courant</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EBIT" xlink:to="EBIT_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="StatementOfComprehensiveIncomeAbstractTable" xlink:href="wavestone-2022-03-31.xsd#wavestone_StatementOfComprehensiveIncomeAbstractTable" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="StatementOfComprehensiveIncomeAbstractTable_label_labelfr" xml:lang="fr">Statement Of Comprehensive Income Abstract Table</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfComprehensiveIncomeAbstractTable" xlink:to="StatementOfComprehensiveIncomeAbstractTable_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="TranslationGainLoss" xlink:href="wavestone-2022-03-31.xsd#wavestone_TranslationGainLoss" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="TranslationGainLoss_label_labelfr" xml:lang="fr">Variation des écarts de conversion</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TranslationGainLoss" xlink:to="TranslationGainLoss_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="PurchaseOfServicesForResale" xlink:href="wavestone-2022-03-31.xsd#wavestone_PurchaseOfServicesForResale" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="PurchaseOfServicesForResale_label_labelfr" xml:lang="fr">Achats consommés</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfServicesForResale" xlink:to="PurchaseOfServicesForResale_label_labelfr" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="RealEstateRightOfUseAmortizationIFRS16ForCurrentYear" xlink:href="wavestone-2022-03-31.xsd#wavestone_RealEstateRightOfUseAmortizationIFRS16ForCurrentYear" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="RealEstateRightOfUseAmortizationIFRS16ForCurrentYear_label_labelfr" xml:lang="fr">Amortissement des droits d'utilisation immobiliers (IFRS 16) de l’exercice</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateRightOfUseAmortizationIFRS16ForCurrentYear" xlink:to="RealEstateRightOfUseAmortizationIFRS16ForCurrentYear_label_labelfr" xlink:type="arc" />
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