ACTIVE

INOVATE

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Financial year 2025 · closed on 31/12/2025
Net result
11,2 k €
-41.3% YoY
Revenue
297,6 k €
Equity
45,3 k €
+32.8% YoY

What does INOVATE do?

INOVATE is a Private limited company incorporated in 2023. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Vilvoorde.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0803.310.151
Incorporation
28/06/2023
Legal form
Private limited company
Registered office
Vlaanderenstraat 105
1800 Vilvoorde · FlandreSee on map
Contributed capital
1 300,00 €
Latest accounts
31/12/2025
Activities (NACE)
42220Construction of utility projects for electricity and telecommunications· main42220Construction of utility projects for electricity and telecommunications25210Manufacture of central heating radiators and boilers25300Manufacture of steam generators, except central heating hot water boilers42211Construction of utility projects for fluids42211Construction of utility projects for fluids+2
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Revenue297,6 k €––
EBITDA15,4 k €24,3 k €17,3 k €
Operating result14,4 k €24,3 k €17,3 k €
Net result11,2 k €19,1 k €13,7 k €
Balance sheet
Equity45,3 k €34,1 k €15 k €
Total assets102,9 k €77,7 k €20,9 k €
Cash2,6 k €93,9 €–
Debts57,6 k €43,6 k €5,9 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Loutfi Fetouaki

Mandate

Active

Ended mandates

Loutfi Fetouaki

Director

Ended
At this address

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Annual accounts

Full financial information

202520242023
Type of accountMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202428/06/2023
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months7 months
Filing date07/08/202623/09/202526/06/2024
General meeting11/06/202612/06/202513/06/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202511/06/202607/08/2026DutchPDF
Micro model31/12/202412/06/202523/09/2025DutchPDF
Micro model31/12/202313/06/202426/06/2024DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Loutfi Fetouaki

Mandate

Active

Ended mandates

Loutfi Fetouaki

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office12/05/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other30/06/2023
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

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 202511,2 k €↓
  2. 2024
    Annual accounts 202419,1 k €↑
  3. 2023
    Annual accounts 202313,7 k €
  4. 28/06/2023
    IncorporationPrivate limited company