Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
50 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
INNOVA TAXFREE BELGIUM from Brussel, company number BE0506980396, closed financial year 2025 with a result of € -2 million after tax. For that financial year INNOVA TAXFREE BELGIUM recorded a gross margin of € 1 million and equity of € -4 million. Compared with financial year 2024, the result moved from € -1.6 million to € -2 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 4, 2026.
€ -4 million
▼ € 2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2 million
▼ 28 % more loss than in 2024
Profit after tax over the fiscal year.
€ 15,434
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4 million.
People and assets in 2025
€ 516,963
▲ 47% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,621
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 21.5 million
▲ 13% vs 2024
Loans from banks and other lenders, long and short.
€ 555,954
▲ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 270,874
▲ 112% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -37,838 | € -51,084 | € -313,518 | € 1,009,067 | ▲ € 1.3 million |
| Profit after taxes | € -46,051 | € -73,174 | € -1,589,551 | € -2,037,709 | ▼ € 448,158 |
| Equity | € -294,782 | € -367,956 | € -1,957,507 | € -3,995,216 | ▼ € 2 million |
| Total debts | € 362,007 | € 2,173,578 | € 20,351,701 | € 22,523,172 | ▲ 11% |
| Cash | € 7,638 | € 37,215 | € 752,779 | € 15,434 | ▼ 98% |
| Retained profit | € -313,382 | € -386,556 | € -1,976,107 | € -4,013,816 | ▼ € 2 million |
| Bank debt | € 306,926 | € 1,946,123 | € 18,996,296 | € 21,468,076 | ▲ 13% |
| Balance sheet total | € 67,225 | € 1,805,622 | € 18,394,194 | € 18,527,956 | ▲ 1% |
Key figures of INNOVA TAXFREE BELGIUM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to INNOVA TAXFREE BELGIUM?
What happened at INNOVA TAXFREE BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2 million. Source: NBB ↗
- NIKOLAOS FOUNTAS became a director. NBB
- ANDREA VALACSAY became a director. NBB
- DANIEL MARLAND became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 46,051 loss in 2022 to € 2 million loss in 2025.
Management
Behind INNOVA TAXFREE BELGIUM are NIKOLAOS FOUNTAS, ANDREA VALACSAY and DANIEL MARLAND.
Directors
According to the 2025 annual accounts
NIKOLAOS FOUNTAS
Director
since 2019
ANDREA VALACSAY
Director
since 2019
DANIEL MARLAND
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Drukpersstraat 4
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 50 companies are registered at this address.
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€ -20,347 gross margin · 2025
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€ 31,024 gross margin · 2025
Société anonyme belge de la Forêt du Paular
€ -93,395 gross margin · 2025
+45 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0506.980.396
- VAT number
- BE 0506.980.396
- Registered office
- Drukpersstraat 4, 1000 Brussel
- Names & denominations
- INNOVA TAXFREE BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2014
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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