Fundalys
ActiveSummary
Fundalys has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100,290 and a net result of -€11,962. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 8765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-8
Solvency33▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.06 in 2024; short-term debt: 49.1% and cash: 1.5% of total assets), and 92% of the assets are financed with debt.
Credit check for your own amount and term
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€11,962
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 8765 sector peers (2025).
NBB · sector comparisonPosition among 8765 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
3 d early
2023
27 d late
2022
28 d late
2021
6 d early
2020
10 d late
2019
54 d 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 19 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€100,290▼ 10.7%
2024 · €112,252
Total assets
€1.2m▲ 24.5%
2024 · €1.0m
Net result
-€11,962▼ 689%
2024 · -€1,517
Working capital
-€560,580▲ 6.0%
2024 · -€596,251
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,561▼ 75.1%€4,403▼ 53.9%€36,759▲ 735%€13,370▼ 63.6%€405▼ 97.0%
Net result€7,977within the sector's middle half▼ 76.9%-€913below the sector's middle half€28,151within the sector's middle half-€1,517below the sector's middle half-€11,962below the sector's middle half▼ 689%
Equity€86,532within the sector's middle half▲ 10.2%€85,619within the sector's middle half▼ 1.1%€113,769within the sector's middle half▲ 32.9%€112,252within the sector's middle half▼ 1.3%€100,290within the sector's middle half▼ 10.7%
Total assets€858,230above the sector's middle half▲ 147%€893,287above the sector's middle half▲ 4.1%€921,000above the sector's middle half▲ 3.1%€1.0mabove the sector's middle half▲ 8.7%€1.2mwithin the sector's middle half▲ 24.5%
Debt€771,699▲ 186%€807,669▲ 4.7%€807,231▼ 0.1%€888,904▲ 10.1%€1.1m▲ 28.9%
Working capital-€235,430below the sector's middle half▼ 5.1%-€454,780below the sector's middle half▼ 93.2%-€489,767below the sector's middle half▼ 7.7%-€596,251below the sector's middle half▼ 21.7%-€560,580below the sector's middle half▲ 6.0%
Solvency10.1%below the sector's middle half▼ 12.5pp9.6%below the sector's middle half▼ 0.5pp12.4%below the sector's middle half▲ 2.8pp11.2%below the sector's middle half▼ 1.1pp8.0%below the sector's middle half▼ 3.2pp
Current ratio0.43below the sector's middle half▲ 0.270.07below the sector's middle half▼ 0.370.06below the sector's middle half▼ 0.010.06below the sector's middle half=0.08below the sector's middle half▲ 0.02
Return on assets (ROA)0.9%below the sector's middle half▼ 9.0pp-0.1%below the sector's middle half▼ 1.0pp3.1%within the sector's middle half▲ 3.2pp-0.2%below the sector's middle half▼ 3.2pp-1.0%below the sector's middle half▼ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 97% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.2m ▲ 24.3%
Current assets
€50,824 ▲ 27.8%
Equity and liabilities €1.2m
Equity
€100,290 ▼ 10.7%
Debt
€1.1m ▲ 28.9%
Debt's share of the balance-sheet total rises from 88.8% to 92.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€64,027▲
2024 · €62,050
Cash flow
€51,660▲
2024 · €47,164
Debt to equity
11.42▲
2024 · 7.92
ROE
-11.9%▼
2024 · -1.4%
Interest coverage
5.24▼
2024 · 7.89
Debt ≤ 1 year
€611,403▼
2024 · €636,024
Debt > 1 year
€526,796▲
2024 · €249,000
Income taxes
€144▼
2024 · €7,019
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,104 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
1.8%
went bankrupt
3.6%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 1,104 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,387 | €37,945 | €41,443 | €48,680 | €63,622 | ▲ 30.7% |
| Other operating charges640/8 | €2,664 | €2,760 | €4,010 | €5,886 | €4,590 | ▼ 22.0% |
| Non-recurring operating charges66A | - | - | €2,208 | €146 | €0 | ▼ 100% |
| Gross operating margin9900 | €41,612 | €45,108 | €84,420 | €68,083 | €68,617 | ▲ 0.8% |
| Operating profit (loss)9901 | €9,561 | €4,403 | €36,759 | €13,370 | €405 | ▼ 97.0% |
| Financial income75/76B | €3,642 | €3,208 | €0 | €0 | €0 | ▲ 100% |
| Recurring financial income75 | €3,642 | €3,208 | €0 | €0 | €0 | ▲ 100% |
| Financial charges65/66B | €4,814 | €8,100 | €8,442 | €7,868 | €12,224 | ▲ 55.4% |
| Recurring financial charges65 | €4,814 | €8,100 | €8,442 | €7,868 | €12,224 | ▲ 55.4% |
| Profit (loss) for the period before taxes9903 | €8,389 | -€489 | €28,317 | €5,502 | -€11,819 | ▼ 315% |
| Income taxes67/77 | €412 | €424 | €166 | €7,019 | €144 | ▼ 98.0% |
| Profit (loss) for the period9904 | €7,977 | -€913 | €28,151 | -€1,517 | -€11,962 | ▼ 689% |
| Profit (loss) for the period to be appropriated9905 | €7,977 | -€913 | €28,151 | -€1,517 | -€11,962 | ▼ 689% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €858,230 | €893,287 | €921,000 | €1.0m | €1.2m | ▲ 24.5% |
| Fixed assets21/28 | €677,516 | €860,626 | €890,766 | €961,383 | €1.2m | ▲ 24.3% |
| Intangible fixed assets21 | - | - | €19,998 | €17,998 | €15,998 | ▼ 11.1% |
| Tangible fixed assets22/27 | €677,485 | €860,595 | €870,737 | €943,355 | €1.2m | ▲ 25.0% |
| Land and buildings22 | €117,342 | €147,642 | €95,893 | €94,054 | €141,115 | ▲ 50.0% |
| Plant, machinery and equipment23 | €1,764 | €1,575 | €13,636 | €12,940 | €12,245 | ▼ 5.4% |
| Furniture and vehicles24 | €48,537 | €36,705 | €30,560 | €16,092 | €3,443 | ▼ 78.6% |
| Other tangible fixed assets26 | €509,842 | €674,673 | €730,648 | €820,268 | €1.0m | ▲ 24.6% |
| Financial fixed assets28 | €31 | €31 | €31 | €31 | €31 | = |
| Current assets29/58 | €180,714 | €32,662 | €30,234 | €39,773 | €50,824 | ▲ 27.8% |
| Amounts receivable within one year40/41 | €22,535 | €14,046 | €27,344 | €24,180 | €30,543 | ▲ 26.3% |
| Trade receivables40 | €22,447 | €13,882 | €27,010 | €23,751 | €30,342 | ▲ 27.7% |
| Other amounts receivable41 | €88 | €164 | €334 | €429 | €202 | ▼ 53.0% |
| Cash at bank and in hand54/58 | €156,651 | €16,958 | €1,755 | €14,405 | €19,022 | ▲ 32.1% |
| Deferred charges and accrued income490/1 | €1,528 | €1,658 | €1,135 | €1,188 | €1,258 | ▲ 5.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €858,230 | €893,287 | €921,000 | €1.0m | €1.2m | ▲ 24.5% |
| Equity10/15 | €86,532 | €85,619 | €113,769 | €112,252 | €100,290 | ▼ 10.7% |
| Contributions10/11 | €225,000 | €225,000 | €225,000 | €225,000 | €225,000 | = |
| Capital10 | €225,000 | €225,000 | €225,000 | €225,000 | €225,000 | = |
| Issued capital100 | €225,000 | €225,000 | €225,000 | €225,000 | €225,000 | = |
| Reserves13 | €24,500 | €24,500 | €24,500 | €24,500 | €24,500 | = |
| Non-distributable reserves130/1 | €22,500 | €22,500 | €22,500 | €22,500 | €22,500 | = |
| Legal reserve130 | €22,500 | €22,500 | €22,500 | €22,500 | €22,500 | = |
| Distributable reserves133 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€162,968 | -€163,881 | -€135,731 | -€137,248 | -€149,210 | ▼ 8.7% |
| Amounts payable17/49 | €771,699 | €807,669 | €807,231 | €888,904 | €1.1m | ▲ 28.9% |
| Amounts payable after more than one year17 | €355,341 | €320,032 | €284,586 | €249,000 | €526,796 | ▲ 112% |
| Financial debts170/4 | €355,341 | €320,032 | €284,586 | €249,000 | €526,796 | ▲ 112% |
| Amounts payable within one year42/48 | €416,144 | €487,441 | €520,001 | €636,024 | €611,403 | ▼ 3.9% |
| Current portion of amounts payable after more than one year42 | €35,172 | €35,309 | €35,446 | €35,586 | €59,000 | ▲ 65.8% |
| Financial debts43 | €42,101 | €25,000 | €8,333 | €0 | - | - |
| Credit institutions430/8 | €42,101 | €25,000 | €8,333 | €0 | - | - |
| Trade debts44 | €134,945 | €43,659 | €40,229 | €46,048 | €9,759 | ▼ 78.8% |
| Suppliers440/4 | €134,945 | €43,659 | €40,229 | €46,048 | €9,759 | ▼ 78.8% |
| Taxes, remuneration and social security45 | €29,925 | €7,543 | €15,897 | €7,508 | €6,647 | ▼ 11.5% |
| Taxes450/3 | €29,425 | €7,043 | €15,397 | €7,508 | €6,647 | ▼ 11.5% |
| Remuneration and social security454/9 | €500 | €500 | €500 | €0 | - | - |
| Other amounts payable47/48 | €174,001 | €375,931 | €420,096 | €546,881 | €535,997 | ▼ 2.0% |
| Accrued charges and deferred income492/3 | €214 | €195 | €2,643 | €3,880 | €7,456 | ▲ 92.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,977 | -€913 | €28,151 | -€1,517 | -€11,962 | ▼ 689% |
| + Depreciation and write-downs630 | €29,387 | €37,945 | €41,443 | €48,680 | €63,622 | ▲ 30.7% |
| Operating cash flow (approximation) | €37,364 | €37,032 | €69,594 | €47,164 | €51,660 | ▲ 9.5% |
| Investment in fixed assets (approximation) | - | -€221,054 | -€71,583 | -€119,298 | -€297,361 | ▼ 149% |
| Change in cash | - | -€139,693 | -€15,203 | €12,650 | €4,618 | ▼ 63.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet -€11,962
Net result drops to -€11,962, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €28,151
Net result €28,151 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €113,769 ▲32.9%
Equity rises from €85,619 to €113,769.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
31-12
Financial
Highest result since 2018net €34,476 ▲33.2%
Operating result €38,382, net result €34,476, both a record.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Back to profitnet €25,892
Net result €25,892 after one loss-making year.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1998
Ground area
1,597 m²
Building footprint
255 m²
Volume, LiDAR
1,455 m³
Parcel 34007A0150/00F002, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Fundalys
since 19982.088.094.155
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34007A0150/00F002 | Flanders | 1,597 m² | 1 · 254 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,613 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-07-1998
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463800649
Also
9925:BE0463800649
Registered
13-02-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.