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FunCAV

Active Private limited companyfounded 2018active for 8 yearsHerebaan-West 7, 3530 Houthalen-HelchterenKBO/BCE: BE 0699.546.974
FunCAV
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Overview

Lifetime

7 annual accounts with figures on one time axis
peak €111,988 (2025)
€111,988▲ 72.4%
lowest -€1,980 (2020)
€73,279▲ 79.7%
peak €330,196 (2025)
€330,196▲ 28.5%
€35,096▲ 67.8%
Board1 name since 2018
1 directorFrank Geerts
Documentsfilings and deeds
18-06-202643 days before the deadline
2025micro format
Gross margin from €64,965 to €111,988Result from €40,771 to €73,279Equity from €256,917 to €330,196Debts from €20,909 to €35,096Investments €17,272

Key points

from the 2025 annual accounts

Equity

€330,196 ▲ 28.5%

FunCAV has made a profit without a break since 2021.

Investments

€17,272 1.9 × depreciation
2022202320242025

Green is investment, beige is depreciation.

Position in the sector

€73,279

Higher net result than 91% of companies in creative and performing arts. Sector median €6,309 · 2,482 companies.

Checked score

98
Excellent
Financially stronger than 85% of micro companies in creative and performing arts (NACE 90)
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: 0.1% across 3,433 companies (NACE 90, micro).

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

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026highest value 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

100=equity 90.4% of total assets
100=short-term debt 9.2% · cash 76.8%
94+7return on assets 20.1%

Score breakdown

lowers risk
Liquidity: current ratio 10.05, cash €280,621
Sector: Arts creation and performing arts activities (NACE 90)
Equity €330,196 (90.4% of total assets)
Size: total assets €365,291
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 90, micro). It does better than 88% of them on solvency, 96% on liquidity, 78% on profitability and 76% on growth.

The bankruptcy probability was computed on 08-11-2026 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, 26,972 companies had the same profile as FunCAV has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of FunCAV itself is lower: < 0.1% within 12 months. It rests on far more data about FunCAV than the profile alone.

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.

The companies in ten equal groups, from the lowest to the 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%

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 26,972 companies, not a prediction for FunCAV. 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 €30,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 10.05 (13.19 in 2024), above the usual 1.5. Short-term debt is 9.2% and cash 76.8% of total assets. 9.6% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 10.05, cash €280,621
NBB · annual accounts
lowers risk · Sector: Arts creation and performing arts activities (NACE 90)
KBO
lowers risk · Equity €330,196 (90.4% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €365,291
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 18-06-2026, 43 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
43 days early
2024
9 days early
2023
33 days early
2022
38 days early
2021
26 days late
2020
31 days late
2019
55 days late
← 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 2 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% 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 29 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

FG
Frank Geerts
Director, since 18-12-2023
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0699546974
Resignation: Frank Geerts (manager) Reappointment: Frank Geerts (director) · “nieuwe bepalingen” (deed in Dutch) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 18-12-2023 · Gazette deed
Incorporation published on 05-07-2018 · Gazette deed
First establishment Herebaan-West 7, Houthalen-Helchteren
All 17 events

Comparable companies

same main activity, similar in size and age
Company
FunCAV Houthalen-Helchteren €365,291 €111,988 90.4% -
Showtime! Entertainment Services Leopoldsburg €432,251 €101,812 58.0% -
DIRECT DRIVE Walcourt €356,270 €116,320 78.2% -
Imagination Productions Asse €311,061 €121,379 59.1% -
MOBIQAM Hasselt €275,756 €81,619 -111.5% -
KNTXT Brussels €490,532 €114,741 -119.4% -
LISTEN Merelbeke-Melle €414,522 €162,047 45.0% -

These companies have the same main activity as FunCAV: specialised image, lighting and sound technical services (NACE 90393). They are comparable in size and age: total assets between €276,000 and €491,000, founded between 2016 and 2020.

Official details

Source: KBO
Status
Active since 03-07-2018Normal situation
Activity
Specialised image, lighting and sound technical servicesNACE 90393and 5 others
Establishment unit
2.277.538.1253530 Houthalen-Helchteren, since 03-07-2018
Financial year end
31 December
Peppol
Reachable since 22-10-2025
Company details

Annual accounts 2025

€111,988▲ 72.4%
≈ €280,000estimated
€73,279▲ 79.7%
€330,196▲ 28.5%
€365,291▲ 31.5%
≈ 0 FTEestimated
Filing
Filed on 18-06-2026, 43 days before the end of the filing period
Financials

Insights on FunCAV

FunCAV files the micro format. That format states no turnover. The gross margin rose from €96,320 in 2019 to €111,988 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 18-06-2026, 43 days before the deadline
€111,988
▲ 72.4%
€101,622
▲ 78.6%
€73,279
▲ 79.7%
€303,768
▲ 27.5%
90.4%
▼ 2.1 percentage points
10.05
▼ 3.14

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €280,000. Estimated: probably between €190,000 and €430,000.

Balance sheet

balance sheet total €365,291 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

90.4%

Higher than 90% of 2,486 companies in 2025.

10.05

Higher than 90% of 2,349 companies in 2025.

20.1%

Higher than 76% of 2,394 companies in 2025.

FunCAV Middle half of the sector 80% of the sector Micro accounts in creative and performing arts (NACE 90)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019
Balance sheet: assets
20/58 365,291277,826242,974218,541149,949101,33099,856
21/28 27,95519,99023,4059,6339,68414,53910,120
22/27 27,95519,99023,4059,6339,68414,53910,120
22 4,3095,2106,1117,0127,9128,813-
23 9671,5282,08802367021,168
24 22,67913,25215,2072,6211,5365,0248,952
29/58 337,336257,836219,569208,909140,26586,79189,736
40/41 53,55630,07554,04344,77339,8707,26916,464
40 53,46929,90753,36939,29038,9324,10414,897
41 861686755,4839383,1651,567
54/58 280,621224,725161,755162,62699,22076,35071,107
490/1 3,1603,0363,7711,5101,1753,1732,164
Balance sheet: equity and liabilities
10/49 365,291277,826242,974218,541149,949101,33099,856
10/15 330,196256,917216,146175,973118,71667,93869,918
10/11 6,2006,2006,2006,2006,2006,2006,200
100 ------18,600
101 ------12,400
13 323,996250,717209,946169,773112,51663,71863,718
133 323,996250,717209,946169,773112,51663,71863,718
14 ----0-1,980-
17/49 35,09620,90926,82942,56831,23333,39229,938
42/48 33,56919,54526,19342,56831,23333,39229,938
43 1,057424251671,15616-
430/8 ----1,15616-
439 1,05742425167---
44 1,3482,3672,0562,7405811,7521,828
440/4 1,3482,3672,0562,7405811,7521,828
45 20,51612,43519,42731,49921,13914,90617,206
450/3 20,51612,43519,42731,49921,13914,90617,206
47/48 10,6484,3194,4608,2628,35616,71810,904
492/3 1,5271,364636----
Income statement
76A --03,989---
9900 111,98864,96562,71082,59374,9973,52196,320
62 274494671622412--
630 9,3076,8024,7432,0634,8554,5896,568
640/8 7857651,098554602897-
66A ------1,210
9901 101,62256,90556,19979,35569,127-1,96588,542
75/76B 500125140
75 500125140
65/66B 2696007613493672869
65 2696007613493672869
9903 101,35856,30555,43879,01768,766-1,98088,473
67/77 28,07915,53415,26621,76017,988024,755
9904 73,27940,77140,17257,25750,778-1,98063,718
9905 73,27940,77140,17257,25750,778-1,98063,718
Appropriation of the result
9906 73,27940,77140,17257,25748,798-1,98063,718
14P -----1,980--
691/2 73,27940,77140,17257,25748,798063,718
6921 73,27940,77140,17257,25748,798063,718
Document PDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 18-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 18-06-2026 2026-00172061 PDF
31-12-2024 micro format 22-07-2025 2025-00296311 PDF
31-12-2023 micro format 28-06-2024 2024-00177910 PDF
31-12-2022 micro format 23-06-2023 2023-00154360 PDF
31-12-2021 micro format 26-08-2022 2022-20328631 PDF
31-12-2020 micro format 31-08-2021 2021-61100104 PDF
31-12-2019 micro format 24-09-2020 2020-56300215 PDF

Subsidies and aid

Flemish government 2025, 1 entry, €845 awarded, €845 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€845

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019
110,92863,70660,94181,41773,9822,62495,110
82,58647,57344,91559,32055,6332,60970,286
17,2723,38718,5153,02209,00816,688
55,89662,970-87163,40622,8705,243-
303,768238,291193,376166,341109,03253,39959,798
90.4%92.5%89.0%80.5%79.2%67.0%70.0%
10.0513.198.384.914.492.603.00
0.110.080.120.240.260.490.43
22.2%15.9%18.6%32.5%42.8%-2.9%91.1%
20.1%14.7%16.5%26.2%33.9%-2.0%63.8%
over 100over 10080.10over 100over 100--

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€17,272€3,387€18,515€3,022-
Financial fixed assets€0----
€9,307€6,802€4,743€2,063€4,855

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on FunCAV

The operating result for 2025 is 79% higher than in 2024 and the highest since 2019. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total rises from 7.5% to 9.6%. Equity and debt are higher.

Board & ownership

Board

1 director, last change in 2023
Frank Geerts
Director (not named in the articles)
since 18-12-2023 term without a fixed end
earlier manager, until 27-12-2023
listed in the 2025 annual accounts, filed on 18-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 27-12-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Frank Geerts
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • Frank Geerts
    • Director (not named in the articles), from 03-07-2018 to date
    • Manager, until 27-12-2023

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€6,200
Source
2025 annual accounts

Capital transactions

Capital over time
  1. 27-12-2023 Converted to unavailable equity
  2. 27-12-2023 Converted to uncalled contributions

Network & group

No group

FunCAV has no parent and no holdings in its annual accounts. Frank Geerts is the only director. FunCAV shares no director with another company.

Timeline

Timeline

17 events since 2018

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 43 days before the deadline
2025
Highest result from 2019 to 2025 net €73,279 ▲79.7% The operating result of €101,622 and the net result of €73,279 are both a record.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0699546974
Annual accounts 2024 filed PDFmicro format · 9 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 33 days before the deadline
2023
Equity above €200,000 equity €216,146 ▲22.8% After 3 profitable years in a row, equity reaches €216,146.
Resignation: Frank Geerts (manager)Reappointment: Frank Geerts (director) · “nieuwe bepalingen” (deed in Dutch) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 18-12-20236 points ▸
  • General meeting, 18-12-2023
  • Legal-form conversion, from private limited company (pre-2019) to private limited company
  • Registered office clause, Herebaan-West 7, 3530 Houthalen-Helchteren
  • Director resignation, Frank Geerts (manager)
  • Director reappointment, Frank Geerts (director (not named in the articles))
  • Purpose change, “nieuwe bepalingen” (deed in Dutch)
  • The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 38 days before the deadline
2022
Equity above €150,000 equity €175,973 ▲48.2% After 2 profitable years in a row, equity reaches €175,973.
Annual accounts 2021 filed PDFmicro format · 26 days late
2021
Back to profit net €50,778 The net result is €50,778, after one loss-making year.
Equity above €100,000 equity €118,716 ▲74.7% Equity rises from €67,938 to €118,716.
Annual accounts 2020 filed PDFmicro format · 31 days late
2020
Weakest financial year net -€1,980 The net result drops to -€1,980, the lowest from 2019 to 2025. It recovers the following year.
Annual accounts 2019 filed PDFmicro format · 55 days late
2018
Incorporation PDFpublished on 05-07-2018
First establishment Herebaan-West 7, Houthalen-Helchteren

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

FunCAV was incorporated on 3 July 2018.1 Total assets rose from €99,856 in 2019 to €365,291 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0699.546.974
VAT number
BE 0699.546.974
Peppol ID
0208:0699546974
Other Peppol ID
9925:BE0699546974
Legal form
Private limited company
Status
Active, normal situation
Founded
03-07-2018
Financial year
ends on 31 December
Peppol
Reachable since 22-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
FunCAV in Dutch
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 27-12-2023 (in Dutch)

Activities

NACEBEL 2025
90393 Specialised image, lighting and sound technical services main activity
47690 Retail sale of other cultural and recreation goods
47781 Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
59201 Sound recording
82990 Other business support services
90120 Visual arts creation
Codes under NACEBEL 2008
90023 Arts creation and performing arts activities main activity
47630 Retail trade
47990 Retail trade
59201 Sound recording
82990 Other business support services
90032 Arts creation and performing arts activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen,het stimuleren,de…”
8 activities
  1. Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen,het stimuleren,de planning,de coördinatie,de ontwikkeling van en de investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt
  2. Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,onder om het even welke vorm;in dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan kredietinstellingen
  3. Het verlenen van adviezen van financiële,technische,commerciële of administratieve aard;in de ruimste zin,met uitzondering van adviezen inzake beleggingen en geldplaatsingen;bijstand en diensten verlenen,rechtstreeks of onrechtstreeks op het vlak van administratie en financiën,verkoop,productie en algemeen bestuur
  4. Het waarnemen van alle bestuursopdrachten en opdrachten van vereffenaars,het uitoefenen van opdrachten en functies
  5. Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,knowhow en aanverwante immateriële duurzame activa
  6. Het verlenen van administratieve prestaties
  7. De aan- en verkoop,in- en uitvoer,commissiehandel en vertegenwoordiging van om het even welke goederen,in’t kort tussenpersoon in de handel
  8. Het onderzoek,de ontwikkeling,de vervaardiging of commercialisering van nieuwe producten,nieuwe vormen van technologie en hun toepassingen
deed of 27-12-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Herebaan-West 7 registered office 3530 Houthalen-Helchteren 03-07-2018 2.277.538.125

Buildings and parcels at the address

Ground area
1,327 m²
Buildings
126 m²
Volume, LiDAR
766 m³
Tallest building
9.4 m
Buildings to scale, each on its own parcel
126 m², 9.4 m 126 m², 9.4 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
72015B0373/00P0001,326 m² 1 · 126 m² 9.4 m · 2

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