INNOVAR CONSTRUCT
Annual accounts 2025
abbreviated format, filed on 03-08-2026, 3 days lateTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €37,000. Estimated: probably between €18,000 and €72,000.
Balance sheet
balance sheet total €48,274 on 31-12-2025in euro
in euro
Position in the sector
-27.4%
Lower than 95% of 1,566 companies in 2025.
0.78
Higher than 17% of 1,537 companies in 2025.
6.0%
Higher than 52% of 1,551 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff
Staff costs divided by the average number of full-time equivalents.
Blue and white collar
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2019 | 2018 | 2017 | 2015 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
48,274 | 45,581 | 45,389 | 83,026 | 115,115 | 87,560 | 54,167 | |
21/28 |
375 | 375 | 375 | 5,745 | 9,385 | 14,785 | 2,625 | |
22/27 |
- | - | - | 5,745 | 9,385 | 14,785 | 2,625 | |
23 |
- | - | - | 2,240 | 4,480 | 6,720 | - | |
24 |
- | - | - | 3,505 | 4,905 | 8,065 | 2,625 | |
28 |
375 | 375 | 375 | - | - | - | - | |
29/58 |
47,899 | 45,206 | 45,014 | 77,281 | 105,730 | 72,776 | 51,542 | |
40/41 |
36,925 | 29,359 | 35,519 | 38,355 | 41,354 | 35,791 | 32,776 | |
40 |
36,499 | 29,139 | 34,882 | 22,443 | 26,856 | 25,792 | 28,868 | |
41 |
425 | 220 | 637 | 15,912 | 14,498 | 9,999 | 3,908 | |
54/58 |
10,975 | 15,800 | 9,443 | 38,926 | 64,376 | 36,985 | 18,765 | |
490/1 |
- | 47 | 52 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
48,274 | 45,581 | 45,389 | 83,026 | 115,115 | 87,560 | 54,167 | |
10/15 |
-13,228 | -16,127 | -23,932 | 5,308 | 33,274 | 24,097 | 26,003 | |
10/11 |
9,060 | 9,060 | 9,060 | 16,155 | 16,200 | 6,200 | 6,200 | |
100 |
- | - | - | 28,555 | 28,600 | 18,600 | 18,600 | |
101 |
- | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
9,060 | 9,060 | 9,060 | - | - | - | - | |
1109/19 |
9,060 | 9,060 | 9,060 | - | - | - | - | |
13 |
10,000 | 10,000 | 10,000 | 2,860 | 2,860 | 11,860 | 11,860 | |
130 |
- | - | - | 2,860 | 2,860 | 1,860 | 1,860 | |
132 |
10,000 | 10,000 | 10,000 | - | - | 10,000 | 10,000 | |
14 |
-32,288 | -35,187 | -42,992 | -13,707 | 14,214 | 6,037 | 7,943 | |
17/49 |
61,502 | 61,708 | 69,321 | 77,717 | 81,841 | 63,463 | 28,164 | |
42/48 |
61,502 | 61,708 | 69,321 | 77,717 | 81,841 | 63,463 | 28,164 | |
43 |
- | 173 | 173 | - | - | - | - | |
430/8 |
- | 173 | 173 | - | - | - | - | |
44 |
34,106 | 34,010 | 39,953 | 47,016 | 56,288 | 47,626 | 21,045 | |
440/4 |
34,106 | 34,010 | 39,953 | 47,016 | 56,288 | 47,626 | 21,045 | |
46 |
25,959 | 25,959 | 25,959 | 13,114 | 13,114 | 13,114 | - | |
45 |
23 | 930 | - | 17,587 | 12,439 | 600 | 5,377 | |
450/3 |
23 | 930 | - | 3,205 | 3,266 | 600 | 5,377 | |
454/9 |
- | - | - | 14,382 | 9,174 | - | - | |
47/48 |
1,414 | 636 | 3,236 | - | - | 2,123 | 1,742 | |
| Income statement | ||||||||
9900 |
4,445 | 12,613 | -3,338 | 24,692 | 52,601 | 16,183 | 26,573 | |
62 |
- | - | - | 46,641 | 33,415 | - | - | |
630 |
- | - | 191 | 4,518 | 5,400 | 5,400 | 875 | |
640/8 |
909 | 2,069 | 2,251 | 499 | 784 | 1,031 | - | |
9901 |
3,536 | 10,544 | -5,780 | -26,966 | 13,001 | 9,751 | 25,698 | |
75/76B |
60 | 1 | 500 | 91 | 1 | 83 | 3 | |
75 |
60 | 1 | 500 | 91 | 1 | 83 | 3 | |
65/66B |
697 | 326 | 893 | 1,046 | 1,366 | 725 | 521 | |
65 |
697 | 326 | 893 | 1,046 | 1,366 | 725 | 521 | |
9903 |
2,899 | 10,219 | -6,172 | -27,921 | 11,637 | 9,109 | 25,180 | |
67/77 |
- | 2,414 | -2,460 | - | 2,460 | - | 5,377 | |
9904 |
2,899 | 7,805 | -3,713 | -27,921 | 9,177 | 9,109 | 19,803 | |
689 |
- | - | - | - | - | - | 10,000 | |
9905 |
2,899 | 7,805 | -3,713 | -27,921 | 9,177 | 9,109 | 9,803 | |
| Appropriation of the result | ||||||||
9906 |
-32,288 | -35,187 | -42,992 | -13,707 | 14,214 | 6,037 | 9,803 | |
14P |
-35,187 | -42,992 | -39,279 | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | 1,860 | |
| Social balance sheet | ||||||||
9087 |
- | - | - | 1 | 0.8 | - | - | |
Hours worked1013 |
- | - | - | 1,685 | 1,296 | - | - | |
| Document | ||||||||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 3 days after the deadline. Filed on 3 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00373322.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-08-2026 | 2026-00373322 | |
| 31-12-2024 | micro format | 18-08-2025 | 2025-00383076 | |
| 31-12-2023 | micro format | 17-09-2024 | 2024-00463056 | |
| 31-12-2019 | micro format | 31-12-2020 | 2020-77700163 | |
| 31-12-2018 | micro format | 31-12-2019 | 2019-78100192 | |
| 31-12-2017 | full format | 30-08-2018 | 2018-56300336 | |
| 31-12-2015 | full format | 13-09-2016 | 2016-60000452 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2019 | 2018 | 2017 | 2015 |
|---|---|---|---|---|---|---|---|---|
| - | - | -5,589 | -22,448 | 18,401 | 15,151 | 26,573 | ||
| - | - | -3,522 | -23,403 | 14,577 | 14,509 | 20,678 | ||
| - | - | 375 | 878 | 0 | 7,300 | 3,500 | ||
| -4,825 | 6,357 | - | -25,450 | 27,391 | - | - | ||
| -13,603 | -16,502 | -24,307 | -437 | 23,889 | 9,312 | 23,378 | ||
| -27.4% | -35.4% | -52.7% | 6.4% | 28.9% | 27.5% | 48.0% | ||
| 0.78 | 0.73 | 0.65 | 0.99 | 1.29 | 1.15 | 1.83 | ||
| - | - | - | 14.64 | 2.46 | 2.63 | 1.08 | ||
| - | - | - | -526.0% | 27.6% | 37.8% | 76.2% | ||
| 6.0% | 17.1% | -8.2% | -33.6% | 8.0% | 10.4% | 36.6% | ||
| - | - | -6.26 | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Financial fixed assets | - | - | €375 |
| - | - | €191 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on INNOVAR CONSTRUCT
The operating result for 2025 is 66% lower than in 2024.
Equity is negative. Debt (€61,502) exceeds the balance-sheet total (€48,274).