Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
INNOVATECH BELGIUM from Zonhoven, company number BE0518964351, closed financial year 2025 with a result of € -32,098 after tax. For that financial year INNOVATECH BELGIUM recorded a gross margin of € -6,222 and equity of € -271,048. Compared with financial year 2024, the result moved from € -5,214 to € -32,098. 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 July 30, 2026.
€ -271,048
▼ € 32,098 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -32,098
▼ 516 % more loss than in 2024
Profit after tax over the fiscal year.
€ 3,654
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -434,298.
People and assets in 2025
€ 8,454
▲ 196% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 700,000
Loans from banks and other lenders, long and short.
€ 8,681
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,526
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 21,619 | € 18,860 | € 18,685 | € -6,222 | ▼ € 24,906 |
| Profit after taxes | € -27,716 | € -10,381 | € -5,214 | € -32,098 | ▼ € 26,884 |
| Equity | € -223,355 | € -233,736 | € -238,950 | € -271,048 | ▼ € 32,098 |
| Total debts | € 791,687 | € 792,658 | € 815,456 | € 803,048 | ▼ 2% |
| Cash | € 3,321 | € 6,352 | € 7,379 | € 3,654 | ▼ 50% |
| Land & buildings | € 454,023 | € 435,543 | € 417,062 | € 398,581 | ▼ 4% |
| Retained profit | € -386,604 | € -396,986 | € -402,200 | € -434,298 | ▼ € 32,098 |
| Bank debt | € 700,000 | € 700,000 | € 700,000 | € 700,000 | |
| Balance sheet total | € 568,332 | € 558,922 | € 576,506 | € 532,000 | ▼ 8% |
Key figures of INNOVATECH 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 INNOVATECH BELGIUM?
What happened at INNOVATECH 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 € 32,098. Source: NBB ↗
- New establishment in Zonhoven. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,716 loss in 2022 to € 32,098 loss in 2025.
Paid € 7,465 in corporate taxes since 2022.
Management
Behind INNOVATECH BELGIUM are Daoud Boulbahaiem and Brahim Jules Boulbahaiem. It owns Pixelvision itself.
Directors
According to the 2025 annual accounts
Daoud Boulbahaiem
Director
Brahim Jules Boulbahaiem
Director
Establishments
Establishment units
Physical locations of this company
Beskensstraat 101
3520 Zonhoven
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0518.964.351
- VAT number
- BE 0518.964.351
- Registered office
- Beskensstraat 101, 3520 Zonhoven
- Names & denominations
- INNOVATECH BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 February 2013
- Peppol
- Active · Active since 11 Aug 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Overige dienstverlenende activiteiten op het gebied van informatie
Overige dienstverlenende activiteiten op het gebied van informatie, n.e. g.