ACTIVE

INNOVATION 39

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Financial year 2025 · Closed on 31/12/2025

Net result22,6 k €-22,4 %over 1 year
Gross margin32,3 k €-29,1 %over 1 year
Equity78,5 k €-39,7 %over 1 year

Identity

Source · BCE/KBO

INNOVATION 39 is a Private limited company incorporated in 2015. Its main activity is: Manufacture of instruments and appliances for measuring, testing and navigation. Its registered office is in Waterloo.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0637.728.676
Incorporation
14/09/2015
Legal form
Private limited company
Registered office
Drève d'Argenteuil 39
1410 Waterloo · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 10 filings

Trend over 10 financial years

20252024202320222021
Income statement
Gross margin32,3 k €45,5 k €49,7 k €38,7 k €11,2 k €
EBITDA31,4 k €45 k €48,7 k €38,3 k €10,7 k €
Operating result28,4 k €35 k €37,1 k €25,1 k €5,3 k €
Net result22,6 k €29,1 k €33,6 k €17,1 k €4,3 k €
Balance sheet
Equity78,5 k €130,3 k €101,2 k €101,1 k €71,7 k €
Total assets99,6 k €140,2 k €148,5 k €119,2 k €112,5 k €
Cash11,8 k €17,3 k €27,3 k €5,3 k €14,7 k €
Debts21,1 k €10 k €47,4 k €18 k €40,8 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

Eric FESLER

Manager · since 10 septembre 2015

Active

Ended mandates

Eric FESLER

Director · since 21 novembre 2023

Ended
Eric FESLER

Director · since 10 septembre 2015

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date18/07/202618/07/202530/08/202418/07/202320/07/202209/07/2021
General meeting29/06/202629/06/202529/06/202429/06/202329/06/202229/06/2021
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, 10 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202529/06/202618/07/2026FrenchPDF
Micro model31/12/202429/06/202518/07/2025FrenchPDF
Micro model31/12/202329/06/202430/08/2024FrenchPDF
Micro model31/12/202229/06/202318/07/2023FrenchPDF
Micro model31/12/202129/06/202220/07/2022FrenchPDF
Micro model31/12/202029/06/202109/07/2021FrenchPDF
Micro model31/12/201929/06/202009/07/2020FrenchPDF
Micro model31/12/201829/06/201905/07/2019FrenchPDF
Micro model31/12/201729/06/201809/07/2018FrenchPDF
Abridged model31/12/201629/06/201720/08/2017FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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

1 active · 2 ended

Active mandates

Eric FESLER

Manager · since 10 septembre 2015

Active

Ended mandates

Eric FESLER

Director · since 21 novembre 2023

Ended
Eric FESLER

Director · since 10 septembre 2015

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates27/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Other16/09/2015
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202522,6 k €↓
  2. 2024
    Annual accounts 202429,1 k €↓
  3. 2023
    Annual accounts 202333,6 k €↑
  4. 2022
    Annual accounts 202217,1 k €↑
  5. 2021
    Annual accounts 20214,3 k €↓
  6. 2020
    Annual accounts 202021,6 k €↓
  7. 2019
    Annual accounts 201935,4 k €↓
  8. 2018
    Annual accounts 201861,9 k €↑
  9. 2017
    Annual accounts 2017-3,7 k €↓
  10. 2016
    Annual accounts 201610,9 k €
  11. 14/09/2015
    IncorporationPrivate limited company