ACTIVE

INNOVATION FUND

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Financial year 2025 · Closed on 31/12/2025

Net result-2,6 M €+64,6 %over 1 year
Gross margin-252,8 k €+18,0 %over 1 year
Equity20,7 M €-11,3 %over 1 year

Identity

Source · BCE/KBO

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
Contributed capital
35 070 000,00 €
Latest accounts
31/12/2025
Signals
Solid equityLow riskGood liquidity

Financials

Source · NBB, 22 filings

Trend over 11 financial years

20252024202320222021
Income statement
Gross margin-252,8 k €-308,3 k €-452,5 k €-532,2 k €-497,5 k €
EBITDA-253,9 k €-309,3 k €-457,4 k €-536,4 k €-498,4 k €
Operating result-253,9 k €-309,6 k €-458,3 k €-537,6 k €-510,1 k €
Net result-2,6 M €-7,4 M €-4,6 M €-2,3 M €3,6 M €
Balance sheet
Equity20,7 M €23,3 M €30,7 M €35,3 M €37,6 M €
Total assets20,7 M €23,3 M €30,7 M €35,3 M €37,6 M €
Cash607 k €2,5 M €797,4 k €605,3 k €10,2 M €
Debts25,2 k €35,5 k €32,8 k €6,9 k €9,6 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

26 active · 6 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
BASF Antwerpen0404.754.472Represented by Stijn Verbert
Director06/10/2015 → 08/06/2027
TotalEnergies Petrochemicals & Refining0403.079.441Represented by Olivier Greiner
Director10/02/2015 → 08/06/2027
RECTICEL0405.666.668Represented by Jan Vergote
Director10/02/2015 → 08/06/2027
Christian Barrot
Director05/10/2023 → 08/06/2027
Participatiemaatschappij Vlaanderen0455.777.660Represented by Christophe Behiels
Director22/12/2017 → 08/06/2027
Arkema France SaRepresented by Denis Bortzmeyer
Director04/02/2016 → 08/06/2027
Carbon Spin Off / Spin Out0884.341.575Represented by Helena Pozios
Director10/02/2015 → 08/06/2027
CARMEUSE0431.473.519Represented by Rodolphe Collinet
Director10/02/2015 → 08/06/2027
CHRISTEYNS0401.066.789Represented by Alain Bostoen
Director22/12/2017 → 08/06/2027
Fédération belge des industries chimiques et des sciences de la vie0406.478.993Represented by Drita Delija
Director15/10/2019 → 08/06/2027
finance&invest.brussels0426.936.986Represented by Pierre Hermant
Director15/10/2019 → 08/06/2027
François Cornelis
Chairman of the board of directors10/02/2015 → 08/06/2027
Hutchinson SARepresented by Alexis Ponnouradjou
Director22/12/2017 → 08/06/2027
Ilse Sienart
Director09/06/2020 → 08/06/2027
IMBC SPINNOVA0870.661.013Represented by Serge Demoulin
Director10/02/2015 → 08/06/2027
ING BELGIQUE0403.200.393Represented by Jos Behiels
Director10/02/2015 → 08/06/2027
INNOVATION FUND FEEDER0736.824.470Represented by Patrick Deruyttere
Director15/10/2019 → 08/06/2027
Jean Marie Solvay
Director10/02/2015 → 08/06/2027
Luc Reginster
Director04/02/2016 → 08/06/2027
NOSHAQ0426.624.509Represented by Fabian Marcq
Director10/02/2015 → 08/06/2027
SIOEN INDUSTRIES0441.642.780Represented by Joost Wille
Director10/02/2015 → 08/06/2027
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT0253.445.063Represented by Matthieu De Posch
Director10/02/2015 → 08/06/2027
SOCIETE WALLONNE POUR LE FINANCEMENT DES INFRASTUCTURES DES POLES DE COMPETITIVITES0877.938.090Represented by Olivier Bouchat
Director10/02/2015 → 08/06/2027
SOUDAL HOLDING0467.913.053Represented by Jurgen Vandervelden
Director10/02/2015 → 08/06/2027
SYENSQO0798.896.453Represented by Alexis Brouhns
Director08/06/2021 → 08/06/2027
Universiteit Gent0248.015.142Represented by An Van den broecke
Director22/12/2017 → 08/06/2027

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Axel Roussis
Director29/09/2017 → 2022 accounts
SOLVAY0403.091.220Represented by Alexis Brouhns
Director08/06/2021 → 2024 accounts
Christian Colette
Director04/02/2016 → 2017 accounts

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0439.877.578

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/07/202627/06/202521/08/202429/08/202331/08/202215/06/2021
General meeting09/06/202610/06/202511/06/202413/06/202314/06/202208/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202509/06/202627/07/2026DutchPDF
Abridged model31/12/202509/06/202627/07/2026FrenchPDF
Abridged model31/12/202410/06/202527/06/2025DutchPDF
Abridged model31/12/202410/06/202527/06/2025FrenchPDF
Abridged model31/12/202311/06/202421/08/2024FrenchPDF
Abridged model31/12/202311/06/202421/08/2024DutchPDF
Abridged model31/12/202213/06/202329/08/2023FrenchPDF
Abridged model31/12/202213/06/202329/08/2023DutchPDF
Abridged model31/12/202114/06/202231/08/2022DutchPDF
Abridged model31/12/202114/06/202222/08/2022FrenchPDF
Abridged model31/12/202008/06/202115/06/2021DutchPDF
Abridged model31/12/202008/06/202115/06/2021FrenchPDF
Abridged model31/12/201909/06/202029/06/2020DutchPDF
Abridged model31/12/201909/06/202029/06/2020FrenchPDF
Abridged model31/12/201811/06/201927/06/2019DutchPDF
Abridged model31/12/201811/06/201927/06/2019FrenchPDF
Micro model31/12/201712/06/201814/06/2018DutchPDF
Micro model31/12/201712/06/201814/06/2018FrenchPDF
Micro model31/12/201613/06/201727/06/2017DutchPDF
Micro model31/12/201613/06/201727/06/2017FrenchPDF
Abridged model31/12/201514/06/201629/07/2016DutchPDF
Abridged model31/12/201514/06/201629/07/2016FrenchPDF

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.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

26 active · 6 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
BASF Antwerpen0404.754.472Represented by Stijn Verbert
Director06/10/2015 → 08/06/2027
TotalEnergies Petrochemicals & Refining0403.079.441Represented by Olivier Greiner
Director10/02/2015 → 08/06/2027
RECTICEL0405.666.668Represented by Jan Vergote
Director10/02/2015 → 08/06/2027
Christian Barrot
Director05/10/2023 → 08/06/2027
Participatiemaatschappij Vlaanderen0455.777.660Represented by Christophe Behiels
Director22/12/2017 → 08/06/2027
Arkema France SaRepresented by Denis Bortzmeyer
Director04/02/2016 → 08/06/2027
Carbon Spin Off / Spin Out0884.341.575Represented by Helena Pozios
Director10/02/2015 → 08/06/2027
CARMEUSE0431.473.519Represented by Rodolphe Collinet
Director10/02/2015 → 08/06/2027
CHRISTEYNS0401.066.789Represented by Alain Bostoen
Director22/12/2017 → 08/06/2027
Fédération belge des industries chimiques et des sciences de la vie0406.478.993Represented by Drita Delija
Director15/10/2019 → 08/06/2027
finance&invest.brussels0426.936.986Represented by Pierre Hermant
Director15/10/2019 → 08/06/2027
François Cornelis
Chairman of the board of directors10/02/2015 → 08/06/2027
Hutchinson SARepresented by Alexis Ponnouradjou
Director22/12/2017 → 08/06/2027
Ilse Sienart
Director09/06/2020 → 08/06/2027
IMBC SPINNOVA0870.661.013Represented by Serge Demoulin
Director10/02/2015 → 08/06/2027
ING BELGIQUE0403.200.393Represented by Jos Behiels
Director10/02/2015 → 08/06/2027
INNOVATION FUND FEEDER0736.824.470Represented by Patrick Deruyttere
Director15/10/2019 → 08/06/2027
Jean Marie Solvay
Director10/02/2015 → 08/06/2027
Luc Reginster
Director04/02/2016 → 08/06/2027
NOSHAQ0426.624.509Represented by Fabian Marcq
Director10/02/2015 → 08/06/2027
SIOEN INDUSTRIES0441.642.780Represented by Joost Wille
Director10/02/2015 → 08/06/2027
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT0253.445.063Represented by Matthieu De Posch
Director10/02/2015 → 08/06/2027
SOCIETE WALLONNE POUR LE FINANCEMENT DES INFRASTUCTURES DES POLES DE COMPETITIVITES0877.938.090Represented by Olivier Bouchat
Director10/02/2015 → 08/06/2027
SOUDAL HOLDING0467.913.053Represented by Jurgen Vandervelden
Director10/02/2015 → 08/06/2027
SYENSQO0798.896.453Represented by Alexis Brouhns
Director08/06/2021 → 08/06/2027
Universiteit Gent0248.015.142Represented by An Van den broecke
Director22/12/2017 → 08/06/2027

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Axel Roussis
Director29/09/2017 → 2022 accounts
SOLVAY0403.091.220Represented by Alexis Brouhns
Director08/06/2021 → 2024 accounts
Christian Colette
Director04/02/2016 → 2017 accounts

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates16/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office27/05/2025
    SIEGE SOCIAL
    PDF
  • Mandates06/03/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/05/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/10/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/09/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares21/01/2020
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings11 filings
Mandates
TotalEnergies Petrochemicals & Refining
BASF Antwerpen
RECTICEL
Christian Barrot
Participatiemaatschappij Vlaanderen
Universiteit Gent
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT
CHRISTEYNS
ING BELGIQUE
Fédération belge des industries chimiques et des sciences de la vie
NOSHAQ
finance&invest.brussels
2015201620172018201920202021202220232024202520262027
INNOVATION FUND
Boulevard Auguste Reyers 70, 1030 SchaerbeekBoulevard Auguste Reyers 80, 1030 Schaerbeek
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Boulevard Auguste Reyers 70, 1030 SchaerbeekCurrent
accounts 2025
Accounts 2025 · 2026-00341287
Boulevard Auguste Reyers 80, 1030 Schaerbeek
accounts 2021 → 2024
Accounts 2024 · 2025-00211779

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
INNOVATION FUNDCurrent
accounts 2015 → 2025
Accounts 2025 · 2026-00341287

Events

  1. 2025
    Annual accounts 2025-2,6 M €↑
  2. 2024
    Annual accounts 2024-7,4 M €↓
  3. 2023
    Annual accounts 2023-4,6 M €↓
  4. 2022
    Annual accounts 2022-2,3 M €↓
  5. 2021
    Annual accounts 20213,6 M €↑
  6. 2020
    Annual accounts 202073,9 k €↑
  7. 2019
    Annual accounts 2019-250,2 k €↓
  8. 2018
    Annual accounts 2018272,2 k €↑
  9. 2017
    Annual accounts 2017-466,5 k €↓
  10. 2016
    Annual accounts 2016-413,8 k €↓
  11. 2015
    Annual accounts 2015-269,5 k €
  12. 18/02/2015
    IncorporationPublic limited company