INNOVATION FUND
0598.764.469 · rovalta.com · 21/09/2026
ACTIVE
INNOVATION FUND
Financial year 2025 · closed on 31/12/2025
Net result
-2,6 M €
+64.6% YoY
Gross margin
-252,8 k €
+18.0% YoY
Equity
20,7 M €
-11.3% YoY
Overview
What does INNOVATION FUND do?
INNOVATION FUND is a Public limited company incorporated in 2015. Its registered office is in Schaerbeek.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0598.764.469
Incorporation
18/02/2015
Legal form
Public limited company
Registered office
Boulevard Auguste Reyers 70
1030 Schaerbeek · BruxellesSee on map
1030 Schaerbeek · BruxellesSee on map
Contributed capital
35 070 000,00 €
Latest accounts
31/12/2025
Signals
Solid equityLow riskGood liquidity
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Financials
Trend over 11 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||
| Gross margin | -252,8 k € | +18.0% | -308,3 k € | +31.9% | -452,5 k € | +15.0% | -532,2 k € | -7.0% | -497,5 k € | +0.7% | -501,2 k € | +7.3% | -540,7 k € | -30.1% | -415,5 k € | +0.0% | -415,6 k € | -3.9% | -400,1 k € | -55.0% | -258,2 k € |
| EBITDA | -253,9 k € | +17.9% | -309,3 k € | +32.4% | -457,4 k € | +14.7% | -536,4 k € | -7.6% | -498,4 k € | +0.7% | -502,1 k € | +8.4% | -547,9 k € | -31.6% | -416,4 k € | +0.0% | -416,5 k € | -4.0% | -400,4 k € | -54.8% | -258,6 k € |
| Operating result | -253,9 k € | +18.0% | -309,6 k € | +32.5% | -458,3 k € | +14.7% | -537,6 k € | -5.4% | -510,1 k € | +1.2% | -516,3 k € | +9.9% | -572,9 k € | -30.2% | -440,1 k € | +0.0% | -440,2 k € | -6.4% | -413,6 k € | -53.5% | -269,5 k € |
| Net result | -2,6 M € | +64.6% | -7,4 M € | -60.1% | -4,6 M € | -104% | -2,3 M € | -164% | 3,6 M € | +4741% | 73,9 k € | +130% | -250,2 k € | -192% | 272,2 k € | +158% | -466,5 k € | -12.7% | -413,8 k € | -53.5% | -269,5 k € |
| Balance sheet | |||||||||||||||||||||
| Equity | 20,7 M € | -11.3% | 23,3 M € | -24.1% | 30,7 M € | -13.1% | 35,3 M € | -6.0% | 37,6 M € | +10.5% | 34 M € | +0.2% | 33,9 M € | +23.5% | 27,5 M € | +35.3% | 20,3 M € | +118% | 9,3 M € | +126% | 4,1 M € |
| Total assets | 20,7 M € | -11.3% | 23,3 M € | -24.1% | 30,7 M € | -13.0% | 35,3 M € | -6.1% | 37,6 M € | +10.5% | 34 M € | +0.1% | 34 M € | +23.5% | 27,5 M € | +35.5% | 20,3 M € | +118% | 9,3 M € | +123% | 4,2 M € |
| Cash | 607 k € | -75.9% | 2,5 M € | +215% | 797,4 k € | +31.7% | 605,3 k € | -94.1% | 10,2 M € | -10.9% | 11,5 M € | -34.2% | 17,4 M € | +7.8% | 16,1 M € | +35.1% | 11,9 M € | +124% | 5,3 M € | – | |
| Debts | 25,2 k € | -28.9% | 35,5 k € | +8.1% | 32,8 k € | +374% | 6,9 k € | -27.5% | 9,6 k € | +12.2% | 8,5 k € | -81.4% | 45,8 k € | +9.3% | 41,9 k € | +583% | 6,1 k € | +29.8% | 4,7 k € | -91.7% | 56,9 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 26 active · 60 ended
Active mandates
Active
Active
Christian Barrot
ActiveArkema France SA
ActiveActive
Active
Active
François Cornelis
ActiveHutchinson SA
ActiveIlse Sienart
ActiveActive
Active
Active
Jean Marie Solvay
ActiveLuc Reginster
ActiveActive
Active
Active
Active
Active
Ended mandates
At this address
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| 0408.945.169 | |
| 0461.207.779 | |
| 0411.089.661 | |
| 0473.841.931 | |
| 0413.735.385 | |
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| 0212.347.945 | |
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COWATER INTERNATIONAL● Active | 0425.684.302 |
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Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 27/07/2026 | 27/06/2025 | 21/08/2024 | 29/08/2023 | 31/08/2022 | 15/06/2021 |
| General meeting | 09/06/2026 | 10/06/2025 | 11/06/2024 | 13/06/2023 | 14/06/2022 | 08/06/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
22 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 09/06/2026 | 27/07/2026 | Dutch | |
| Abridged model | 31/12/2025 | 09/06/2026 | 27/07/2026 | French | |
| Abridged model | 31/12/2024 | 10/06/2025 | 27/06/2025 | Dutch | |
| Abridged model | 31/12/2024 | 10/06/2025 | 27/06/2025 | French | |
| Abridged model | 31/12/2023 | 11/06/2024 | 21/08/2024 | French | |
| Abridged model | 31/12/2023 | 11/06/2024 | 21/08/2024 | Dutch | |
| Abridged model | 31/12/2022 | 13/06/2023 | 29/08/2023 | French | |
| Abridged model | 31/12/2022 | 13/06/2023 | 29/08/2023 | Dutch | |
| Abridged model | 31/12/2021 | 14/06/2022 | 31/08/2022 | Dutch | |
| Abridged model | 31/12/2021 | 14/06/2022 | 22/08/2022 | French | |
| Abridged model | 31/12/2020 | 08/06/2021 | 15/06/2021 | Dutch | |
| Abridged model | 31/12/2020 | 08/06/2021 | 15/06/2021 | French | |
| Abridged model | 31/12/2019 | 09/06/2020 | 29/06/2020 | Dutch | |
| Abridged model | 31/12/2019 | 09/06/2020 | 29/06/2020 | French | |
| Abridged model | 31/12/2018 | 11/06/2019 | 27/06/2019 | Dutch | |
| Abridged model | 31/12/2018 | 11/06/2019 | 27/06/2019 | French | |
| Micro model | 31/12/2017 | 12/06/2018 | 14/06/2018 | Dutch | |
| Micro model | 31/12/2017 | 12/06/2018 | 14/06/2018 | French | |
| Micro model | 31/12/2016 | 13/06/2017 | 27/06/2017 | Dutch | |
| Micro model | 31/12/2016 | 13/06/2017 | 27/06/2017 | French | |
| Abridged model | 31/12/2015 | 14/06/2016 | 29/07/2016 | Dutch | |
| Abridged model | 31/12/2015 | 14/06/2016 | 29/07/2016 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 M€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 26 active · 60 ended
Active mandates
Active
Active
Christian Barrot
ActiveArkema France SA
ActiveActive
Active
Active
François Cornelis
ActiveHutchinson SA
ActiveIlse Sienart
ActiveActive
Active
Active
Jean Marie Solvay
ActiveLuc Reginster
ActiveActive
Active
Active
Active
Active
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates16/02/2026DEMISSIONS, NOMINATIONS
- Registered office27/05/2025SIEGE SOCIAL
- Mandates06/03/2025DEMISSIONS, NOMINATIONS
- Mandates31/08/2023DEMISSIONS, NOMINATIONS
- Mandates30/05/2023DEMISSIONS, NOMINATIONS
- Mandates11/10/2021DEMISSIONS, NOMINATIONS
- Mandates22/09/2020DEMISSIONS, NOMINATIONS
- Capital / shares21/01/2020KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-2,6 M €↑
- 2024Annual accounts 2024-7,4 M €↓
- 2023Annual accounts 2023-4,6 M €↓
- 2022Annual accounts 2022-2,3 M €↓
- 2021Annual accounts 20213,6 M €↑
- 2020Annual accounts 202073,9 k €↑
- 2019Annual accounts 2019-250,2 k €↓
- 2018Annual accounts 2018272,2 k €↑
- 2017Annual accounts 2017-466,5 k €↓
- 2016Annual accounts 2016-413,8 k €↓
- 2015Annual accounts 2015-269,5 k €
- 18/02/2015IncorporationPublic limited company