Liquidity
4.60 was 1.98 in 2024
Short-term debts fell from €14,214 to €4,663.
B-FUNERALS
Lifetime
13 annual accounts with figures on one time axispeak €21,164 (2021)
€4,599▲ €19,692
lowest -€15,902 (2024)
€1,113▲ €17,015
peak €39,634 (2023)
€24,845▲ 4.7%
€4,663▼ 67.2%
Board6 names since 2019
1 directorGREINDL Charles-André
Owners
50%SPIXIT
Documentsfilings and deeds
14-07-202617 days before the deadline
2025abbreviated format
Gross margin from -€15,093 to €4,599Back to profit: €1,113Debts from €14,214 to €4,663
Key points
from the 2025 annual accountsFilings
13 annual accounts since 2013
The 2016 accounts came 16 days late. The other nine of the last ten were filed on time.
Position in the sector
84.2%
Higher solvency than 90% of companies in personal services. Sector median 30.8% · 1,384 companies.
Checked score
95
Excellent
Financially stronger than 64% of micro companies in personal services (NACE 96)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 7,626 companies (NACE 96, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%highest value
01-2025: 0.2%▼ -0.4 percentage points vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.1 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.4%▼ -0.1 percentage points vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.4 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €29,508
lowers risk
Founded in 2012
Equity €24,845 (84.2% of total assets)
Liquidity: current ratio 4.60, cash €4,515
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro). It does better than 93% of them on solvency, 70% on liquidity, 44% on profitability and 49% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as B-FUNERALS has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of B-FUNERALS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for B-FUNERALS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.6 (1.98 in 2024), above the usual 1.5. Short-term debt is 15.8% and cash 15.3% of total assets. 15.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 days early
2024
31 days early
2023
42 days early
2022
5 days early
2021
2 days early
2020
16 days early
2019
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0844811305
Registered office moved within Etterbeek
New registered office: rue Tervaete 35A, 1040 Etterbeek · Previous registered office: Rue de l'Escadron, 6 à 1040 Etterbeek · Gazette deed
Resignation: Benoît VANGRUNDERBEEK (managing director)
General meeting of 04-03-2021 · Gazette deed
2 managers resigning
Changes of role: GREINDL Charles-André (director) and VANGRUNDERBEEK Benoît (director) · Resignations: MORALES GONZALEZ QUIJANO Maria (manager) and MULLER Philippe Pierre Luc Jean-Paul (manager) · Director discharge: GREINDL Charles-André · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| B-FUNERALS Etterbeek | - | - | 84.2% | - |
| M&M Fontaine-l'Evêque | €13,751 | 4.6% | 3.9% | - |
| GASPERS Namur | - | - | 53.5% | - |
| ETS HERVERS Herve | - | - | 93.7% | - |
| FUNERAILLES EDEN PARK Montigny-le-Tilleul | €15,405 | 8.7% | -91.0% | - |
| LV Solution Hoeilaart | - | - | -38.4% | - |
| UITVAARTCENTRUM HELLINX Bilzen-Hoeselt | - | - | 84.7% | - |
These companies have the same main activity as B-FUNERALS: funeral services (NACE 96301). They are comparable in size and age: total assets between €16,800 and €68,600, founded between 1987 and 2019.
Official details
Source: KBO- Status
- Active since 28-03-2012Normal situation
- Activity
- Funeral servicesNACE 96301and 4 others
- Establishment unit
- 2.208.110.9681040 Etterbeek, since 28-03-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 14-10-2025
Annual accounts 2025
- ≈ €36,000estimated
- €29,508▼ 22.2%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on B-FUNERALS
B-FUNERALS files the abbreviated format. That format states no turnover. The gross margin rose from -€7,962 in 2013 to €4,599 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about B-FUNERALS
- What is the company number of B-FUNERALS?
- The company number of B-FUNERALS is 0844.811.305. The VAT number is the same number with BE in front: BE 0844.811.305.
- Where is B-FUNERALS based?
- The registered office is at Tervatestraat 35a, 1040 Etterbeek.Company details
- What does B-FUNERALS do?
- According to the KBO register, the main activity is funeral services (NACE 96301).
- What is the legal form of B-FUNERALS?
- B-FUNERALS is a private limited company (BV).
- When was B-FUNERALS founded?
- B-FUNERALS was founded on 28-03-2012.
- Is B-FUNERALS still active?
- Yes, B-FUNERALS is an active enterprise in the KBO register.
- What is the turnover of B-FUNERALS?
- The turnover in financial year 2025 is ≈ €36,000. This figure is estimated from the gross margin of €4,599 and 69 comparable companies (NACE 96). It probably lies between €18,000 and €70,000. It is a rough estimate.Financials
- Is B-FUNERALS profitable?
- In financial year 2025, B-FUNERALS made a profit of €1,113.
- Where can I find the annual accounts of B-FUNERALS?
- B-FUNERALS filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of B-FUNERALS due?
- B-FUNERALS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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