FUNANDER
ActiveSummary
FUNANDER has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €421,338 and a net result of -€46,032. Equity is shrinking by about 8.8% per year across the filed financial years. Its solvency ranks better than 36% of 380 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Staff
- 9.2 FTE
- Equity
- €421,338
- Loss
- -€46,032
- CHAPELLE Sylvain, Maurice, Freddy, GhislainDirector
- CHAPELLE FabienneDirector
- CHAPELLE PhilippeManaging director
Why 69raises riskLast filed accounts filed 31 days late; 2 of the last 3 lateSize: turnover €1.0m, 9.2 FTE, total assets €1.7mLoss of €46,032 (financial year 2025)lowers riskFounded in 1986Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 48% on solvency, 26% on liquidity, 28% on profitability and 35% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 33 days after the deadline; the sector median (NACE 96) for financial year 2024 is on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Back to profitnet €22,397
Financials · financial year 2025, full format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00507845.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €37,881 after €21,952 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 2,450 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93.3% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,450 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0.7m | €0.8m | €0.8m | €0.7m | €0.9m | €0.9m | €1.0m | €1.0m | ▲ 0.1% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.5m | €0.6m | €0.7m | €0.7m | €0.6m | ▼ 2.1% |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.06m | €0.06m | €0.06m | €0.06m | €0.09m | €0.07m | €0.07m | ▼ 1.7% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | ▲ 4.7% |
| Gross operating margin9900 | €0.2m | €0.3m | €0.3m | €0.2m | €0.3m | €0.2m | €0.4m | €0.4m | ▲ 4.2% |
| Operating profit (loss)9901 | -€0.03m | €348 | €0.01m | -€0.06m | -€0.005m | -€0.1m | €0.02m | -€0.04m | - |
| Financial income75/76B | - | - | - | €0.005m | €0.002m | €0.006m | €0.02m | €0.006m | ▼ 56.8% |
| Recurring financial income75 | €0.002m | €0.002m | €380 | €235 | €62 | €250 | €0.003m | €477 | ▼ 81.4% |
| Non-recurring financial income76B | - | - | - | €0.005m | €0.002m | €0.005m | €0.01m | €0.006m | ▼ 51.8% |
| Financial charges65/66B | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 4.0% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 6.7% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0.002m | - |
| Profit (loss) for the period before taxes9903 | -€0.04m | -€0.01m | €0.01m | -€0.06m | -€0.02m | -€0.1m | €0.02m | -€0.05m | - |
| Income taxes67/77 | -€106 | €410 | €0.001m | €0.008m | €0.001m | €0.001m | €498 | - | - |
| Profit (loss) for the period9904 | -€0.03m | -€0.01m | €0.009m | -€0.07m | -€0.02m | -€0.1m | €0.02m | -€0.05m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.03m | €0.03m | €0.009m | -€0.07m | -€0.02m | -€0.1m | €0.02m | -€0.05m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.9m | €1.9m | €2.0m | €1.8m | €1.8m | €1.7m | €1.7m | €1.7m | = |
| Fixed assets21/28 | €1.3m | €1.5m | €1.6m | €1.6m | €1.5m | €1.4m | €1.3m | €1.3m | ▼ 2.5% |
| Intangible fixed assets21 | - | - | - | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.1m | €1.4m | €1.5m | €1.5m | €1.4m | €1.3m | €1.3m | €1.2m | ▼ 2.7% |
| Land and buildings22 | - | - | - | €1.3m | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 3.8% |
| Plant, machinery and equipment23 | - | - | - | €0.04m | €0.04m | €0.03m | €0.03m | €0.03m | ▲ 8.7% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.08m | €0.05m | €0.03m | €0.04m | ▲ 30.6% |
| Financial fixed assets28 | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Current assets29/58 | €0.6m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 9.4% |
| Stocks and contracts in progress3 | €0.07m | €0.08m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 12.2% |
| Stocks30/36 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 12.2% |
| Amounts receivable within one year40/41 | €0.07m | €0.09m | €0.07m | €0.07m | €0.06m | €0.05m | €0.03m | €0.04m | ▲ 21.3% |
| Trade receivables40 | - | - | - | €0.06m | €0.04m | €0.04m | €0.03m | €0.02m | ▼ 13.6% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.02m | €0.008m | €0.005m | €0.02m | ▲ 220% |
| Cash at bank and in hand54/58 | €0.5m | €0.2m | €0.2m | €0.07m | €0.1m | €0.08m | €0.2m | €0.2m | ▲ 23.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.9m | €1.9m | €2.0m | €1.8m | €1.8m | €1.7m | €1.7m | €1.7m | = |
| Equity10/15 | €0.8m | €0.8m | €0.7m | €0.7m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 13.5% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.05m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 18.5% |
| Amounts payable17/49 | €1.1m | €1.1m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.3m | ▲ 5.4% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 12.2% |
| Financial debts170/4 | - | - | - | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 12.2% |
| Amounts payable within one year42/48 | €0.7m | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €1.0m | €1.0m | ▲ 10.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 7.2% |
| Trade debts44 | €0.03m | €0.007m | €0.05m | €0.05m | €0.06m | €0.03m | €0.05m | €0.05m | ▲ 16.5% |
| Suppliers440/4 | - | - | - | €0.05m | €0.06m | €0.03m | €0.05m | €0.05m | ▲ 16.5% |
| Advances received on contracts in progress46 | - | - | - | €0.6m | €0.6m | €0.6m | €0.7m | €0.7m | ▲ 11.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 58.6% |
| Taxes450/3 | - | - | - | €0.008m | €0.002m | €0.001m | €0.001m | €0.002m | ▲ 169% |
| Remuneration and social security454/9 | - | - | - | €0.005m | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 51.6% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 4.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.008m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 2.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,924 | -€10,181 | €9,374 | -€72,509 | -€16,808 | -€113,770 | €22,397 | -€46,032 | - |
| + Depreciation and write-downs630 | €41,900 | €55,672 | €55,674 | €60,182 | €55,644 | €88,540 | €70,021 | €68,811 | ▼ 1.7% |
| Operating cash flow (approximation) | €6,976 | €45,491 | €65,047 | -€12,328 | €38,836 | -€25,230 | €92,418 | €22,779 | ▼ 75.4% |
| Investment in fixed assets (approximation) | - | -€314,209 | -€143,020 | -€39,210 | €31,980 | -€3,875 | €0 | -€35,082 | - |
| Change in cash | - | -€270,386 | -€13,064 | -€128,062 | €41,841 | -€31,019 | €102,178 | €42,549 | ▼ 58.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 31-08-2026 | 2026-00507845 |
| 31-12-2024 | full format | 31-08-2025 | 2025-00480157 |
| 31-12-2023 | full format | 29-08-2024 | 2024-00430954 |
| 31-12-2022 | full format | 31-08-2023 | 2023-00427237 |
| 31-12-2021 | full format | 18-08-2022 | 2022-20307287 |
| 31-12-2020 | full format | 31-08-2021 | 2021-60400462 |
| 31-12-2019 | full format | 30-09-2020 | 2020-57700413 |
| 31-12-2018 | full format | 27-08-2019 | 2019-54000012 |
| 31-12-2017 | full format | 22-08-2018 | 2018-49500417 |
| 31-12-2016 | full format | 30-08-2017 | 2017-55500317 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| CHAPELLE Sylvain, Maurice, Freddy, Ghislain |
|
| CHAPELLE Fabienne |
|
| CHAPELLE Philippe |
|
Owners and capital
Capital and shareholders
- 10-01-2024 Capital conversion · €118,000 · euros
Group and network
Connections & network
3 current directorsThe board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
10-01
Gazette deed
Reappointments: CHAPELLE Philippe (director) and CHAPELLE Fabienne (director)Appointments: CHAPELLE Sylvain, Maurice, Freddy, Ghislain (director) and CHAPELLE Philippe (managing director) · Amendment of the articles · Purpose change13 facts ▸
- General meeting, 26-12-2023
- Amendment of the articles (2 times)
- Other provision, 26-12-2023
- Purpose change
- Capital, €118,000
- Other provision, “historique du capital”, 400 (deed in French)
- Capital conversion, “euros” (deed in French)
- Director reappointment, CHAPELLE Philippe (director (not named in the articles))
- Director reappointment, CHAPELLE Fabienne (director (not named in the articles))
- Director appointment, CHAPELLE Sylvain, Maurice, Freddy, Ghislain (director (not named in the articles))
- Registered office clause, “6530 Thuin, Haut de Sambre”, 10 (deed in French)
- Other provision, “website and email, ne pas adopter de site internet ni d'adresse électronique” (deed in French)
- +1 further fact in this act
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
3 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 56001A0407/00D000 | Wallonia | 5,005 m² | 1 · 477 m² | 7.4 m · 1 |
| 52022B0334/00C004 | Wallonia | 2,857 m² | - | - |
| 56078A0371/00R000 | Wallonia | 299 m² | 1 · 299 m² | 8.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes les activités ayant trait aux pompes funèbres, en particulier l’achat, la vente, la fabrication de tous les articles de ce secteur…” (deed in French)
9 activities (deed in French)
- Toutes les activités ayant trait aux pompes funèbres, en particulier l’achat, la vente, la fabrication de tous les articles de ce secteur ainsi que la vente et la pose sans taille de monuments funéraires dans les matériaux les plus divers.
- La société pourra prester les services les plus étendus en tant en Belgique qu’à l’étranger dans ce même domaine, y compris les transports, par tout moyen de locomotion. Cette partie de l’objet englobera également le commerce de vêtements, en particulier celui réservé au deuil, dans leur acceptation la plus large.
- Les activités porteront également sur le commerce des fleurs artificielles ou naturelles, les articles cadeaux et les jouets.
- En outre, la société pourra pratiquer tous les travaux, avec ou sans montage dans le domaine de la menuiserie à partir des matériaux les plus variés.
- La société peut également faire toutes opérations généralement quelconques commerciales, industrielles, financières, civiles, mobilières et immobilières se rapportant directement ou indirectement, en tout ou partie, à l’objet ou qui seraient de nature à en faciliter la réalisation.
- Acheter, vendre, échanger, prendre ou donner en location, tous biens meubles et immeubles
- Prendre, obtenir, concéder, acheter ou vendre tous brevets, marques de fabriques ou licences
- Effectuer tous placements en valeurs mobilières
- Prendre des participants par voie d’association, apport, souscription, fusion ou de toute autre manière dans toutes sociétés et entreprises existantes ou à créer
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, peut être transféré en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique, par…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 20: Représentation de la société 1. Tous les actes qui engagent la société, en justice et dans tous les actes, sont valables s’ils…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Au lieu indiqué dans la convocation et à défaut de telle indication, au siège, convocation” (deed in French)“Tout administrateur peut donner mandat à un de ses collègues pour le représenter à une réunion déterminée du conseil d'administration et…” (deed in French)“Le mandat d'administrateur est exercé gratuitement, remuneration” (deed in French)“Composition du conseil d'administration, à tout moment, avec effet immédiat et sans motif” (deed in French)9 more provisions on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Les actions pour lesquelles le droit de preemption a été exercé conformément aux alinéas précédents, sont acquises au prix offert par le…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Actions, obligations convertibles ou droits de souscription, courrier électronique, ou, pour les personnes dont elle ne dispose pas d’une…” (deed in French)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Cette obligation prend fin lorsque le fonds de réserve atteint un-dixième du capital social, l'obligation renaît si la réserve légale est…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 14:00
- Meeting ruleHow the company's meetings are run.
- “Admission” (deed in French)“Tout propriétaire de titres peut se faire représenter à l'assemblée générale par un mandataire à condition que toutes les formalités…” (deed in French)“Avant d'entrer en séance, une liste de présences indiquant le nom des actionnaires, le nombre de leurs titres et, le cas échéant, les…” (deed in French)“Bureau, en cas d'absence ou empêchement des personnes précitées, l'assemblée est présidée par un actionnaire désigné par l'assemblée…” (deed in French)“L'assemblée générale ne peut délibérer sur des points qui ne figurent pas dans l'ordre du jour, sauf si tous les actionnaires sont présents…” (deed in French)“Les actionnaires peuvent, dans les limites de la loi, à l'unanimité, prendre par écrit toutes les décisions qui relèvent du pouvoir de…” (deed in French)2 more provisions on this in the deed
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Chaque action donne droit à une voix, sous réserve des dispositions légales régissant les actions sans droit de vote” (deed in French)“Les décisions sont prises à la majorité des voix, quel que soit le nombre de titres représentés à l'assemblée générale” (deed in French)“Si plusieurs personnes ont des droits réels sur une même action, la société peut suspendre l'exercice du droit de vote, jusqu'à ce qu'une…” (deed in French)1 more provision on this in the deed
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “À défaut de nomination par l'assemblée générale, la liquidation se fait par l'organe d'administration en fonction, qui agit le cas échéant…” (deed in French)“Les liquidateurs sont compétents pour accomplir toutes les opérations prévues par la loi, sauf si l'assemblée générale en décide autrement…” (deed in French)