Financials
Financial year 2025
INNOVAR from Wuustwezel, company number BE0697811466, closed financial year 2025 with a result of € 600,066 after tax. For that financial year INNOVAR recorded a gross margin of € 1 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 744,813 to € 600,066. The company is profitable. The buffer shrank hard: equity is 53 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 1.1 million
▼ 53% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 600,066
▼ 19% vs 2024
Profit after tax over the fiscal year.
€ 1.4 million
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.8 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 2.5 million
▼ 10% vs 2024
€ 219,115 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 346,363
▼ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 26,638
▲ € 26,620 vs 2024
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 | € -439,021 | € 1,406,057 | € 1,246,694 | € 1,043,037 | ▼ 16% |
| Profit after taxes | € -704,001 | € 1,042,954 | € 744,813 | € 600,066 | ▼ 19% |
| Equity | € 537,548 | € 1,580,502 | € 2,325,315 | € 1,090,380 | ▼ 53% |
| Total debts | € 4,042,158 | € 3,897,351 | € 3,409,794 | € 4,175,746 | ▲ 22% |
| Cash | € 491,565 | € 1,498,841 | € 1,860,421 | € 1,377,789 | ▼ 26% |
| Land & buildings | € 2,894,975 | € 2,766,008 | € 2,630,551 | € 2,495,094 | ▼ 5% |
| Retained profit | € 287,548 | € 1,330,502 | € 2,075,315 | € 840,380 | ▼ 60% |
| Dividend | € 0 | € 0 | € 0 | € 1,835,000 | |
| Bank debt | € 3,355,170 | € 3,086,055 | € 2,766,940 | € 2,497,825 | ▼ 10% |
| Balance sheet total | € 4,579,706 | € 5,477,853 | € 5,735,109 | € 5,266,127 | ▼ 8% |
Key figures of INNOVAR, 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 INNOVAR?
What happened at INNOVAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 600,066 (▼ 19% vs 2024). Source: NBB ↗
- New establishment in Wuustwezel. KBO
- Start of the company according to the CBE. KBO
- Koen Schrauwen became a director. NBB
In short
From € 704,001 loss in 2022 to € 600,066 profit in 2025.
Paid € 530,588 in corporate taxes since 2022.
Best year ever: 2023, with € 1 million profit.
Paid out € 1.8 million in dividends to the owners in total.
Management
Behind INNOVAR is Koen Schrauwen. Koen Schrauwen is also behind DE KLUYS.
Directors
According to the 2025 annual accounts
since 2018
Establishments
Establishment units
Physical locations of this company
Meerseweg 23
2990 Wuustwezel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0697.811.466
- VAT number
- BE 0697.811.466
- Registered office
- Meerseweg 23, 2990 Wuustwezel
- Names & denominations
- INNOVAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 June 2018
- Peppol
- Active · Active since 15 Jul 2025
- Activities · NACE
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