INNOVALUX
ActiveFinancials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 30 April 2026 The financial year closed on 30 September 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 27-04-2026 PDF all 9 filings
Turnover
≈ €310,000
Estimated: probably between €200,000 and €520,000
Total assets
€496,927▼ 1.1%
2023 · €502,341
Net result
€16,615▼ 4.3%
2023 · €17,368
Working capital
€28,780▲ 62.9%
2023 · €17,667
Multi-year overview
2019 to 2024, 6 financial yearsOperating result
€34,525
▲ 14.2%
2024
20192024
Net result
€16,615
▼ 4.3%
2024
middle half of the sector
20192024
Equity
€154,191
▲ 12.1%
2024
middle half of the sector
20192024
Total assets
€496,927
▼ 1.1%
2024
middle half of the sector
20192024
Debt
€342,736
▼ 6.0%
2024
20192024
Working capital
€28,780
▲ 62.9%
2024
lowest quarter of the sector
20192024
Solvency
31.0%
▲ 3.6pp
2024
middle half of the sector
20192024
Current ratio
1.38
▲ 0.15
2024
middle half of the sector
20192024
Return on assets (ROA)
3.3%
▼ 0.1pp
2024
middle half of the sector
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€19,947-€28,494▲ 42.8%€10,397▼ 63.5%€85,829▲ 725%€30,239▼ 64.8%€34,525▲ 14.2%
Net result€12,825-€19,862within the sector's middle half▲ 54.9%€4,515below the sector's middle half▼ 77.3%€56,344within the sector's middle half▲ 12×€17,368within the sector's middle half▼ 69.2%€16,615within the sector's middle half▼ 4.3%
Equity€41,121-€60,983below the sector's middle half▲ 48.3%€65,498below the sector's middle half▲ 7.4%€121,042within the sector's middle half▲ 84.8%€137,577within the sector's middle half▲ 13.7%€154,191within the sector's middle half▲ 12.1%
Total assets€111,128-€109,589below the sector's middle half▼ 1.4%€262,735below the sector's middle half▲ 140%€311,890below the sector's middle half▲ 18.7%€502,341within the sector's middle half▲ 61.1%€496,927within the sector's middle half▼ 1.1%
Debt€70,007-€48,607▼ 30.6%€197,237▲ 306%€190,848▼ 3.2%€364,764▲ 91.1%€342,736▼ 6.0%
Working capital€39,490-€57,101within the sector's middle half▲ 44.6%€34,658within the sector's middle half▼ 39.3%€82,282within the sector's middle half▲ 137%€17,667below the sector's middle half▼ 78.5%€28,780below the sector's middle half▲ 62.9%
Solvency37.0%-55.6%within the sector's middle half▲ 18.6pp24.9%within the sector's middle half▼ 30.7pp38.8%within the sector's middle half▲ 13.9pp27.4%within the sector's middle half▼ 11.4pp31.0%within the sector's middle half▲ 3.6pp
Current ratio1.69-2.34within the sector's middle half▲ 0.651.54within the sector's middle half▼ 0.802.61within the sector's middle half▲ 1.071.24within the sector's middle half▼ 1.381.38within the sector's middle half▲ 0.15
Return on assets (ROA)11.5%-18.1%above the sector's middle half▲ 6.6pp1.7%within the sector's middle half▼ 16.4pp18.1%above the sector's middle half▲ 16.3pp3.5%within the sector's middle half▼ 14.6pp3.3%within the sector's middle half▼ 0.1pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is 14% higher than in 2023. It is a recovery after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €496,927
Fixed assets
€393,019 ▼ 4.1%
Current assets
€103,908 ▲ 12.6%
Equity and liabilities €496,927
Equity
€154,191 ▲ 12.1%
Debt
€342,736 ▼ 6.0%
Debt's share of the balance-sheet total falls from 72.6% to 69.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€51,529▼
2023 · €73,116
Cash flow
€33,618▼
2023 · €60,245
Quick ratio
1.28▲
2023 · 1.20
Debt to equity
2.22▼
2023 · 2.65
ROE
10.8%▼
2023 · 12.6%
Interest coverage
4.00▼
2023 · 9.38
Debt ≤ 1 year
€75,127▲
2023 · €74,651
Debt > 1 year
€266,623▼
2023 · €290,113
Income taxes
€6,852▼
2023 · €6,976
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €136,507 | €149,913 | €312,937 | €290,113 |
| Mortgages, amount registered | €176,000 | €176,000 | €327,800 | €327,800 |
| Carrying value of the mortgaged assets | €159,106 | €177,755 | €379,561 | €369,946 |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 |
|---|---|---|---|---|
| Tangible fixed assets | €181,428 | €23,186 | €274,288 | - |
| Depreciation and write-downs of the year | €26,978 | €8,925 | €42,877 | €17,004 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,306 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,625 | €6,454 | €26,978 | €8,925 | €42,877 | €17,004 | ▼ 60.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €5,100 | -€5,100 | €0 | €25,834 | - |
| Other operating charges640/8 | - | - | €1,834 | €7,183 | €2,419 | €4,515 | ▲ 86.7% |
| Gross operating margin9900 | €31,339 | €35,358 | €44,309 | €96,837 | €75,535 | €81,878 | ▲ 8.4% |
| Operating profit (loss)9901 | €19,947 | €28,494 | €10,397 | €85,829 | €30,239 | €34,525 | ▲ 14.2% |
| Financial income75/76B | - | - | €17 | €1,559 | €1,898 | €1,820 | ▼ 4.1% |
| Recurring financial income75 | €15 | €0 | €17 | €1,559 | €1,898 | €1,820 | ▼ 4.1% |
| Financial charges65/66B | - | - | €4,021 | €4,124 | €7,793 | €12,879 | ▲ 65.3% |
| Recurring financial charges65 | €2,214 | €1,142 | €4,021 | €4,124 | €7,793 | €12,879 | ▲ 65.3% |
| Profit (loss) for the period before taxes9903 | €17,748 | €27,353 | €6,393 | €83,264 | €24,344 | €23,466 | ▼ 3.6% |
| Income taxes67/77 | €4,923 | €7,491 | €1,878 | €26,920 | €6,976 | €6,852 | ▼ 1.8% |
| Profit (loss) for the period9904 | €12,825 | €19,862 | €4,515 | €56,344 | €17,368 | €16,615 | ▼ 4.3% |
| Profit (loss) for the period to be appropriated9905 | €12,825 | €19,862 | €4,515 | €56,344 | €17,368 | €16,615 | ▼ 4.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €111,128 | €109,589 | €262,735 | €311,890 | €502,341 | €496,927 | ▼ 1.1% |
| Fixed assets21/28 | €14,211 | €9,901 | €164,351 | €178,612 | €410,023 | €393,019 | ▼ 4.1% |
| Tangible fixed assets22/27 | €14,211 | €9,901 | €164,351 | €178,612 | €410,023 | €393,019 | ▼ 4.1% |
| Land and buildings22 | - | - | €159,106 | €177,755 | €379,561 | €369,946 | ▼ 2.5% |
| Plant, machinery and equipment23 | - | - | €1,286 | €858 | €429 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | €3,959 | €0 | €30,033 | €23,073 | ▼ 23.2% |
| Current assets29/58 | €96,917 | €99,688 | €98,383 | €133,278 | €92,318 | €103,908 | ▲ 12.6% |
| Amounts receivable after more than one year29 | - | - | - | €70,000 | €70,000 | €70,000 | = |
| Other amounts receivable291 | - | - | - | €70,000 | €70,000 | €70,000 | = |
| Stocks and contracts in progress3 | €45,359 | €45,871 | €8,000 | €41,536 | €3,002 | €7,385 | ▲ 146% |
| Contracts in progress37 | - | - | €8,000 | €41,536 | €3,002 | €7,385 | ▲ 146% |
| Amounts receivable within one year40/41 | €37,134 | €13,493 | €46,943 | €8,928 | €16,310 | €19,674 | ▲ 20.6% |
| Trade receivables40 | - | - | €43,318 | €5,365 | €6,836 | €10,674 | ▲ 56.1% |
| Other amounts receivable41 | - | - | €3,625 | €3,563 | €9,474 | €8,999 | ▼ 5.0% |
| Cash at bank and in hand54/58 | €14,424 | €40,325 | €43,440 | €11,297 | €1,186 | €529 | ▼ 55.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,517 | €1,820 | €6,320 | ▲ 247% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €111,128 | €109,589 | €262,735 | €311,890 | €502,341 | €496,927 | ▼ 1.1% |
| Equity10/15 | €41,121 | €60,983 | €65,498 | €121,042 | €137,577 | €154,191 | ▲ 12.1% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €34,921 | €54,783 | €59,298 | €114,842 | €131,377 | €147,991 | ▲ 12.6% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | €57,438 | €112,982 | €131,377 | €147,991 | ▲ 12.6% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €70,007 | €48,607 | €197,237 | €190,848 | €364,764 | €342,736 | ▼ 6.0% |
| Amounts payable after more than one year17 | €11,268 | €5,327 | €133,258 | €139,853 | €290,113 | €266,623 | ▼ 8.1% |
| Financial debts170/4 | - | - | €133,258 | €139,853 | €290,113 | €266,623 | ▼ 8.1% |
| Amounts payable within one year42/48 | €57,427 | €42,587 | €63,726 | €50,995 | €74,651 | €75,127 | ▲ 0.6% |
| Current portion of amounts payable after more than one year42 | - | - | €8,576 | €11,139 | €22,824 | €23,490 | ▲ 2.9% |
| Trade debts44 | €26,016 | €23,137 | €43,143 | €31,521 | €34,578 | €31,692 | ▼ 8.3% |
| Suppliers440/4 | - | - | €43,143 | €31,521 | €34,578 | €31,692 | ▼ 8.3% |
| Taxes, remuneration and social security45 | - | - | €10,204 | €8,336 | €17,250 | €19,945 | ▲ 15.6% |
| Taxes450/3 | - | - | €10,204 | €8,336 | €17,250 | €19,945 | ▲ 15.6% |
| Other amounts payable47/48 | - | - | €1,803 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €254 | €0 | - | €985 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,825 | €19,862 | €4,515 | €56,344 | €17,368 | €16,615 | ▼ 4.3% |
| + Depreciation and write-downs630 | €6,625 | €6,454 | €26,978 | €8,925 | €42,877 | €17,004 | ▼ 60.3% |
| Operating cash flow (approximation) | €19,450 | €26,316 | €31,493 | €65,269 | €60,245 | €33,618 | ▼ 44.2% |
| Investment in fixed assets (approximation) | - | -€2,144 | -€181,428 | -€23,186 | -€274,288 | €0 | - |
| Change in cash | - | €25,901 | €3,115 | -€32,143 | -€10,111 | -€658 | ▲ 93.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2024 | abbreviated format | 27-04-2026 | 2026-00101001 | |
| 30-09-2023 | abbreviated format | 30-04-2024 | 2024-00078045 | |
| 30-09-2022 | abbreviated format | 01-04-2023 | 2023-00051487 | |
| 30-09-2021 | abbreviated format | 11-04-2022 | 2022-20002186 | |
| 30-09-2020 | abbreviated format | 19-03-2021 | 2021-07900418 | |
| 30-09-2019 | abbreviated format | 17-03-2020 | 2020-06800326 | |
| 30-09-2018 | abbreviated format | 18-03-2019 | 2019-07300132 | |
| 30-09-2017 | abbreviated format | 30-03-2018 | 2018-08800308 | |
| 30-09-2016 | abbreviated format | 29-03-2017 | 2017-07900311 |