Equity
-€95,807
Debts exceed assets in financial year 2025.
FUNCTIONAL VIBES
Lifetime
5 annual accounts with figures on one time axispeak €55,443 (2021)
-€126,977▼ €168,848
lowest -€135,320 (2025)
-€135,320▼ €163,936
peak €42,290 (2024)
-€95,807▼ €138,097
€153,132▲ 887%
Board2 names since 2020
2 directorsFIORI Davide and 1 other
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from €41,871 to -€126,977Loss of €135,320Registered office moved from Saint-Gilles to Etterbeek 22-08Appointment: MANTOVANI Marco (director) 20-06Equity from €42,290 to -€95,807Debts from €15,510 to €153,132
Key points
from the 2025 annual accountsResult
-€135,320 -€135,320
From profit to loss in 2025, after a profit of €28,616 in 2024.
Debts
€153,132 267% of the balance sheet
Financial debts 3%Suppliers 6%Taxes and wages 10%Other 82%
Of this, €51,628 falls due within a year.
Investments
€11,754 7.1 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.04 was 3.66 in 2024
Short-term debts rose from €15,122 to €51,628.
Position in the sector
-€135,320
Lower net result than 95% of companies in education. Sector median €7,281 · 2,614 companies.
Turnover not published (micro format)
Checked score
52
Fair
Financially stronger than 7% of micro companies in education (NACE 85)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,825 companies (NACE 85, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
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: 0.3%▲ +0.2 percentage points vs 07-2025
09-2025: 0.9%▲ +0.6 percentage points vs 08-2025
10-2025: 0.4%▼ -0.5 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 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 1.4%▲ +0.9 percentage points vs 07-2026
09-2026: 1.4%● unchanged vs 08-2026
10-2026: 1.8%▲ +0.4 percentage points vs 09-2026highest value
11-2026: 1.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€95,807
1 change of registered office in 24 months
Loss of €135,320 (financial year 2025)
lowers risk
Sector: Education (NACE 85)
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 85, micro). It does better than 6% of them on solvency, 16% on liquidity, 6% on profitability and 2% 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 moderate class on 30-06-2025, 2.4% 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, 6,008 companies had the same profile as FUNCTIONAL VIBES has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FUNCTIONAL VIBES itself: 1.8% 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 6,008 companies, not a prediction for FUNCTIONAL VIBES. 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
No credit on open account
Liquidity is tight, with a current ratio of 1.04 (3.66 in 2024), below the usual 1.5. Short-term debt is 90.1% and cash 26.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€95,807
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 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
31 days late
2023
30 days late
2022
31 days late
2021
158 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 50 days after the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% 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 (4 of the last 5 accounts filed within 31 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 0208:0750752680
Registered office moved from Saint-Gilles to Etterbeek
New registered office: Rue de la Loi 67 à 1040 Etterbeek · Previous registered office: Rue de la Victoire 117 à 1060 Saint-Gilles · Permanent representative: Vincent Berchem · General meeting of 14-07-2025 · Gazette deed
Appointment: MANTOVANI Marco (director)
Permanent representative: BERCHEM Vincent · General meeting of 31-03-2022 · Gazette deed
Incorporation
Founding capital of €1,500, 100 shares · Founder: FIORI Davide · Appointment: FIORI Davide (director) · published on 20-07-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FUNCTIONAL VIBES Brussels | €57,325 | -€126,977 | -167.1% | - |
| Chester Merelbeke-Melle | €52,802 | -€4,516 | -85.3% | - |
| De Core Business Oostkamp | €54,609 | -€3,265 | 93.4% | - |
| Padel & Tennis Development Antwerp | €52,440 | -€187 | 81.6% | - |
| Vicitra Ixelles | €68,992 | -€33,155 | -316.9% | - |
| ProSwimLab Ghent | €65,458 | -€11,092 | 18.9% | - |
| SEIZA TRAINING Mortsel | €74,547 | -€14,473 | 63.8% | - |
These companies have the same main activity as FUNCTIONAL VIBES: sports and recreation education (NACE 85510). They are comparable in size and age: total assets between €52,400 and €74,500, founded between 2018 and 2021.
Official details
Source: KBO- Status
- Active since 16-07-2020Normal situation
- Activity
- Sports and recreation educationNACE 85510and 2 others
- Establishment unit
- 2.306.839.9441040 Brussels, since 16-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 27-10-2026
Annual accounts 2025
- €57,325▼ 0.8%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on FUNCTIONAL VIBES
FUNCTIONAL VIBES files the micro format. That format states no turnover. The gross margin fell from €55,443 in 2021 to -€126,977 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 FUNCTIONAL VIBES
- What is the company number of FUNCTIONAL VIBES?
- The company number of FUNCTIONAL VIBES is 0750.752.680. The VAT number is the same number with BE in front: BE 0750.752.680.
- Where is FUNCTIONAL VIBES based?
- The registered office is at Wetstraat 67, 1040 Brussels.Company details
- What does FUNCTIONAL VIBES do?
- According to the KBO register, the main activity is sports and recreation education (NACE 85510).
- What is the legal form of FUNCTIONAL VIBES?
- FUNCTIONAL VIBES is a private limited company (BV).
- When was FUNCTIONAL VIBES founded?
- FUNCTIONAL VIBES was founded on 16-07-2020.
- Is FUNCTIONAL VIBES still active?
- Yes, FUNCTIONAL VIBES is an active enterprise in the KBO register.
- What is the turnover of FUNCTIONAL VIBES?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is FUNCTIONAL VIBES profitable?
- In financial year 2025, FUNCTIONAL VIBES made a loss of €135,320.
- Where can I find the annual accounts of FUNCTIONAL VIBES?
- FUNCTIONAL VIBES filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FUNCTIONAL VIBES due?
- FUNCTIONAL VIBES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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