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FUNANDER

Active
Public limited companyfounded 1986active for 39 yearsHaut de Sambre(Lieu-dit)(THN) 10, 6530 Thuin, BelgiumKBO/BCE: BE 0429.973.185
Summary

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

Activity
Funeral services
NACE 96301
2 sites
Size
€1.0mturnover 2025
Staff
9.2 FTE
Equity
€421,338
Loss
-€46,032
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
2025 accounts filed 31 days late1 of 5 deeds summarised
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

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 34% of its sector peers (NACE 96, micro)
Financial strength · tick = 2024
Weak
Solvency 50-4
equity 24.8% of total assets
Liquidity 34-1
short-term debt 61.8% · cash 13.2%
Profitability 34-32
return on assets -2.7%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (7,621 companies, NACE 96, micro)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.9%▲ +0.1 percentage points vs 06-2025 08-2025: 1.4%▲ +0.5 percentage points vs 07-2025 09-2025: 1.7%▲ +0.3 percentage points vs 08-2025highest value 10-2025: 0.4%▼ -1.3 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: 0.4%● unchanged vs 03-2026lowest value 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.5 percentage points vs 07-2026 09-2026: 0.5%▼ -0.4 percentage points vs 08-2026 10-2026: 0.6%▲ +0.1 percentage points vs 09-2026
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.37, compared with 0.37 in 2024, below 1; short-term debt: 61.8% and cash: 13.2% of total assets), and 75.2% of the assets are financed with debt and provisions.
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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 1986
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Last filed accounts filed 31 days late; 2 of the last 3 late
NBB · filings
raises risk · Size: turnover €1.0m, 9.2 FTE, total assets €1.7m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €46,032 (financial year 2025)
NBB · annual accounts
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
31 days late
2023
29 days late
2022
31 days late
2021
18 days late
2020
31 days late
2019
61 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

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)
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 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · full…
  3. 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.

Turnover
€1.0m▲ 0.1%
2024 · €1.0m
EBIT margin
-3.8%▼ 5.9pp
2024 · 2.2%
Net result
-€46,032
2024 · €22,397
Working capital
-€663,014▼ 10.4%
2024 · -€600,302
Trend over the years

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.

Turnover€1.0m 2025 Operating result-€0.04m 2025 Net result-€0.05m 2025

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).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€0.7m-€0.8m▲ 12.5%€0.8m▼ 0.5%€0.7m▼ 10.1%€0.9m▲ 21.4%€0.9m▼ 0.2%€1.0m▲ 15.7%€1.0m▲ 0.1%
Operating result-€0.03m-€348€0.01m▲ 41×-€0.06m-€0.005m▲ 91.2%-€0.1m▼ 2,062%€0.02m-€0.04m
Net result-€0.03m--€0.01m▲ 70.8%€0.009mwithin the sector's middle half-€0.07mbelow the sector's middle half-€0.02mbelow the sector's middle half▲ 76.8%-€0.1mbelow the sector's middle half▼ 577%€0.02mwithin the sector's middle half-€0.05mbelow the sector's middle half
EBIT margin-3.8%-0.0%▲ 3.8pp1.8%▲ 1.7pp-7.8%▼ 9.5pp-0.6%▲ 7.2pp-12.1%▼ 11.6pp2.2%▲ 14.3pp-3.8%▼ 5.9pp
Equity€0.8m-€0.8m▼ 2.8%€0.7mabove the sector's middle half▼ 1.4%€0.7mabove the sector's middle half▼ 12.4%€0.6mabove the sector's middle half▼ 5.6%€0.5mwithin the sector's middle half▼ 21.6%€0.5mwithin the sector's middle half▲ 0.5%€0.4mwithin the sector's middle half▼ 13.5%
Total assets€1.9m-€1.9m▲ 0.7%€2.0mabove the sector's middle half▲ 3.5%€1.8mabove the sector's middle half▼ 6.7%€1.8mabove the sector's middle half▼ 2.5%€1.7mabove the sector's middle half▼ 7.0%€1.7mabove the sector's middle half▲ 1.7%€1.7mwithin the sector's middle half=
Debt€1.1m-€1.1m▲ 3.3%€1.2m▲ 6.7%€1.2m▼ 3.2%€1.2m▼ 0.7%€1.2m▲ 0.7%€1.2m▲ 2.2%€1.3m▲ 5.4%
Working capital-€0.06m--€0.4m▼ 476%-€0.5mbelow the sector's middle half▼ 27.6%-€0.6mbelow the sector's middle half▼ 23.6%-€0.6mbelow the sector's middle half▲ 4.3%-€0.6mbelow the sector's middle half▼ 15.0%-€0.6mbelow the sector's middle half▲ 5.9%-€0.7mbelow the sector's middle half▼ 10.4%
Solvency41.3%-39.8%▼ 1.5pp37.9%within the sector's middle half▼ 1.9pp35.6%within the sector's middle half▼ 2.3pp34.5%within the sector's middle half▼ 1.1pp29.1%within the sector's middle half▼ 5.4pp28.7%within the sector's middle half▼ 0.3pp24.8%within the sector's middle half▼ 3.9pp
Current ratio0.91-0.51▼ 0.400.44below the sector's middle half▼ 0.070.30below the sector's middle half▼ 0.130.35below the sector's middle half▲ 0.040.28below the sector's middle half▼ 0.060.37below the sector's middle half▲ 0.090.37below the sector's middle half=
Return on assets (ROA)-1.8%--0.5%▲ 1.3pp0.5%within the sector's middle half▲ 1.0pp-3.9%below the sector's middle half▼ 4.4pp-0.9%within the sector's middle half▲ 3.0pp-6.8%below the sector's middle half▼ 5.9pp1.3%within the sector's middle half▲ 8.1pp-2.7%within the sector's middle half▼ 4.0pp
Staff (FTE)8.1-7.6▼ 6.2%8.2within the sector's middle half▲ 7.9%7.9within the sector's middle half▼ 3.7%9.5within the sector's middle half▲ 20.3%7.9within the sector's middle half▼ 16.8%7.5within the sector's middle half▼ 5.1%9.2within the sector's middle half▲ 22.7%
above within below 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets €1.3m ▼ 2.5%
Current assets €385,107 ▲ 9.4%
Equity and liabilities €1.7m
Equity €421,338 ▼ 13.5%
Debt €1.3m ▲ 5.4%
Debt's share of the balance-sheet total rises from 71.3% to 75.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€30,930▼
2024 · €91,973
Cash flow
€22,779▼
2024 · €92,418
Quick ratio
0.25▲
2024 · 0.23
Debt to equity
3.03▲
2024 · 2.48
ROE
-10.9%▼
2024 · 4.6%
Interest coverage
2.35▼
2024 · 6.53
Debt ≤ 1 year
€1.0m▲
2024 · €952,355
Debt > 1 year
€216,285▼
2024 · €246,374
Staff costs
€309,426▲
2024 · €234,831
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of 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
1.5% went bankrupt
5.1% stopped otherwise
93.3% still going

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%.

The companies in ten equal groups, from lowest to highest expected share.
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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.7m€1.7m=
Fixed assets21/28€1.3m€1.3m▼
Tangible fixed assets22/27€1.3m€1.2m▼
Land and buildings22€1.2m€1.2m▼
Plant, machinery and equipment23€0.03m€0.03m▲
Furniture and vehicles24€0.03m€0.04m▲
Financial fixed assets28€0.08m€0.08m=
Current assets29/58€0.4m€0.4m▲
Stocks and contracts in progress3€0.1m€0.1m▼
Stocks30/36€0.1m€0.1m▼
Amounts receivable within one year40/41€0.03m€0.04m▲
Trade receivables40€0.03m€0.02m▼
Other amounts receivable41€0.005m€0.02m▲
Cash at bank and in hand54/58€0.2m€0.2m▲
Equity and liabilities
Total equity and liabilities10/49€1.7m€1.7m=
Equity10/15€0.5m€0.4m▼
Contributions10/11€0.1m€0.1m=
Capital10€0.1m€0.1m=
Issued capital100€0.1m€0.1m=
Reserves13€0.01m€0.01m=
Non-distributable reserves130/1€0.01m€0.01m=
Legal reserve130€0.01m€0.01m=
Profit (loss) carried forward14€0.4m€0.3m▼
Amounts payable17/49€1.2m€1.3m▲
Amounts payable after more than one year17€0.2m€0.2m▼
Financial debts170/4€0.2m€0.2m▼
Amounts payable within one year42/48€1.0m€1.0m▲
Current portion of amounts payable after more than one year42€0.03m€0.03m▼
Trade debts44€0.05m€0.05m▲
Suppliers440/4€0.05m€0.05m▲
Advances received on contracts in progress46€0.7m€0.7m▲
Taxes, remuneration and social security45€0.01m€0.02m▲
Taxes450/3€0.001m€0.002m▲
Remuneration and social security454/9€0.01m€0.02m▲
Other amounts payable47/48€0.2m€0.2m▲
Accrued charges and deferred income492/3€0.01m€0.01m▼
Income statement Code20242025
Turnover70€1.0m€1.0m▲
Goods, raw materials, services and sundry goods60/61€0.7m€0.6m▼
Remuneration, social security and pensions62€0.2m€0.3m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.07m€0.07m▼
Other operating charges640/8€0.03m€0.03m▲
Gross operating margin9900€0.4m€0.4m▲
Operating profit (loss)9901€0.02m-€0.04m▼
Financial income75/76B€0.02m€0.006m▼
Recurring financial income75€0.003m€477▼
Non-recurring financial income76B€0.01m€0.006m▼
Financial charges65/66B€0.01m€0.01m▲
Recurring financial charges65€0.01m€0.01m▼
Non-recurring financial charges66B-€0.002m
Profit (loss) for the period before taxes9903€0.02m-€0.05m▼
Income taxes67/77€498-
Profit (loss) for the period9904€0.02m-€0.05m▼
Profit (loss) for the period to be appropriated9905€0.02m-€0.05m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.4m€0.3m▼
Profit (loss) brought forward from the previous period14P€0.4m€0.4m▲
Profit to be distributed694/7€0.02m€0.02m=
Return on contributions (dividend)694€0.02m€0.02m=
Social balance sheet
Average headcount (FTE)90877.59.2▲

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
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-
Line20182019202020212022202320242025Change
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%
Line20182019202020212022202320242025Change
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.

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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

Show all 39 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
under verification, last change in 2024
This board is reconstructed from a single act (24318046). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Board 3

CHAPELLE Sylvain, Maurice, Freddy, Ghislain
Director (not named in the articles) · since 26-12-2023
Current
CHAPELLE Fabienne
Director (not named in the articles)
Current
CHAPELLE Philippe
Director (not named in the articles)
Current

Day-to-day management 1

CHAPELLE Philippe
Managing director · since 10-01-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
4 of this company's 5 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

3 people since 2023, 3 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
CHAPELLE Sylvain, Maurice, Freddy, Ghislain
  • Director (not named in the articles), from 26-12-2023 to date
CHAPELLE Fabienne
  • Director (not named in the articles), since before 10-01-2024
CHAPELLE Philippe
  • Director (not named in the articles), since before 10-01-2024
  • Managing director, from 10-01-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 10-01-2024 Capital conversion · €118,000 · euros

Group and network

Connections & network

3 current directors
Depth

The board mandates are listed below; here you explore them as a network.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Board mandates elsewhere

1 board mandate
Board mandates of this companythis company sits on their board1

History

On 1 December 1986, FUNANDER was incorporated.1 Turnover went from €712,764 in 2018 to €1.0m in 2025 and headcount from 8.1 to 9.2 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
financial year 2025 · full format · 31 days late
2025
31-08
NBB filing Annual accounts filed
financial year 2024 · full format · 31 days late
2024
31-12
Financial Back to profitnet €22,397
Net result €22,397 after 3 loss-making years.
29-08
NBB filing Annual accounts filed
financial year 2023 · full format · 29 days late
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
2023
31-12
Financial Weakest financial yearnet -€113,770
Net result drops to -€113,770, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
financial year 2022 · full format · 31 days late
2022
18-08
NBB filing Annual accounts filed
financial year 2021 · full format · 18 days late
2021
31-08
NBB filing Annual accounts filed
financial year 2020 · full format · 31 days late
2020
31-12
Financial Back to profitnet €9,374
Net result €9,374 after 2 loss-making years.
30-09
NBB filing Annual accounts filed
financial year 2019 · full format · 61 days late
2019
27-08
NBB filing Annual accounts filed
financial year 2018 · full format · 27 days late
2018
22-08
NBB filing Annual accounts filed
financial year 2017 · full format · 22 days late
2017
30-08
NBB filing Annual accounts filed
financial year 2016 · full format · 30 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 39 annual accounts filed, the latest 10 are here; all 39 are under Financials.
1 of 5 deeds read
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPublic limited company
Founded01-12-1986
Financial year end31-12
Activities, NACEBEL 2025
96301Funeral services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0429973185
Also 9925:BE0429973185
Registered 21-11-2025

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

Location & real-estate footprint
Registered office, Thuin · 2 establishment units since 1995
registered office establishment All 2 establishment units on the map
Ground area
8,161 m²
Building footprint
775 m²
Building volume
4,155 m³
3 parcels, Wallonia · tallest building 8.6 m. Linked by address, not a title deed.
2 establishment units
POMPES FUNEBRES - CHAPELLE
Rue des Combattants 19, 6150 AnderluesFuneral services
since 1995unit no. 2.142.911.429
Pompes Funèbres CHAPELLE - Fontaine-l'Eveque
Rue du Luton(F-E) 21, 6140 Fontaine-l'EvêqueFuneral services
since 2026unit no. 2.395.557.629
3 parcels
Wallonia 3 (100%)
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
Good to know
All 3 parcels match the address exactly.

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)
  1. 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.
  2. 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.
  3. Les activités porteront également sur le commerce des fleurs artificielles ou naturelles, les articles cadeaux et les jouets.
  4. 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.
  5. 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.
  6. Acheter, vendre, échanger, prendre ou donner en location, tous biens meubles et immeubles
  7. Prendre, obtenir, concéder, acheter ou vendre tous brevets, marques de fabriques ou licences
  8. Effectuer tous placements en valeurs mobilières
  9. Prendre des participants par voie d’association, apport, souscription, fusion ou de toute autre manière dans toutes sociétés et entreprises existantes ou à créer

The full purpose is in the deed

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)

deed of 10-01-2024

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

deed of 10-01-2024

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)

deed of 10-01-2024

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

deed of 10-01-2024

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)

deed of 10-01-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

“Augmentation ou réduction, délibérant comme en matière de modification aux statuts” (deed in French)
Other provision: “Droit de souscription préférentiel pour actions en gage, débiteur-gagiste” (deed in French)
Other provision: “Appels de fonds, virement ou versement à l'exclusion de tout autre mode” (deed in French)
Other provision: “Nominatives, le registre des actions sera tenu en la forme électronique” (deed in French)
Other provision: “Le registre des titres pourra être tenu en la forme électronique, nature des autres titres” (deed in French)
Other provision: “Si une action est donnée en gage, les droits y afférents sont exercés par le débiteur-gagiste, indivisibilité des actions” (deed in French)
Liquidation distribution: “Les biens qui subsistent en nature sont répartis de la même façon, après paiement de toutes les dettes, charges et frais de liquidation, ou…” (deed in French)
Other provision: “Tout actionnaire, administrateur, commissaire ou liquidateur domicilié à l'étranger, doit faire élection de domicile en Belgique pour…” (deed in French)
Other provision: “Les dispositions du Code des sociétés et des associations auxquelles il ne serait pas licitement dérogé sont réputées inscrites dans les…” (deed in French)
7 more provisions in the deed, see the deed of 10-01-2024

deed of 10-01-2024