FUNDICO
ActiveSummary
FUNDICO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €389k and a net result of €1k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 86% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability66▼-9
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 17.94 against 18.35 in 2023; short-term debt: 4.9% and cash: 23.2% of total assets), and 11.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
9 d early
2022
53 d early
2021
30 d early
2020
40 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€389k▼ 0.1%
2023 · €390k
Total assets
€442k▼ 6.9%
2023 · €474k
Net result
€1k▼ 95.4%
2023 · €24k
Working capital
€370k▼ 4.6%
2023 · €388k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€51k▼ 16.1%€41k▼ 18.6%€32k▼ 23.9%€26k▼ 17.0%€-4k
Net result€34k▼ 9.0%€30k▼ 12.7%€25k▼ 13.8%€24k▼ 4.3%€1k▼ 95.4%
Equity€309k▲ 11.6%€343k▲ 11.0%€367k▲ 6.9%€390k▲ 6.2%€389k▼ 0.1%
Total assets€356k▲ 2.2%€429k▲ 20.5%€411k▼ 4.2%€474k▲ 15.3%€442k▼ 6.9%
Debt€47k▼ 34.1%€86k▲ 82.6%€44k▼ 48.7%€84k▲ 91.2%€52k▼ 38.0%
Working capital€340k▲ 6.0%€416k▲ 22.2%€395k▼ 5.1%€388k▼ 1.8%€370k▼ 4.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €4k after €26k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €442k
Fixed assets
€50k ▼ 22.4%
Current assets
€392k ▼ 4.4%
Equity and liabilities €442k
Equity
€389k ▼ 0.1%
Debt
€52k ▼ 38.0%
Debt's share of the balance-sheet total falls from 17.8% to 11.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11k▼
2023 · €32k
Cash flow
€16k▼
2023 · €30k
Current ratio
17.94▼
2023 · 18.35
Debt to equity
0.13▼
2023 · 0.22
ROE
0.3%▼
2023 · 6.2%
ROA
0.3%▼
2023 · 5.1%
Interest coverage
5.62▼
2023 · 33.23
Debt ≤ 1 year
€22k▼
2023 · €22k
Debt > 1 year
€30k▼
2023 · €41k
Income taxes
€1k▼
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €2k | €6k | €14k | ▲ 139% |
| Other operating charges640/8 | - | €1k | €979 | €1k | €862 | ▼ 17.7% |
| Gross operating margin9900 | €53k | €44k | €34k | €33k | €12k | ▼ 65.4% |
| Operating profit (loss)9901 | €51k | €41k | €32k | €26k | €-4k | ▼ 114% |
| Financial income75/76B | - | €3k | €5k | €7k | €8k | ▲ 7.4% |
| Recurring financial income75 | €496 | €3k | €5k | €7k | €8k | ▲ 7.4% |
| Financial charges65/66B | - | €120 | €121 | €970 | €2k | ▲ 95.5% |
| Recurring financial charges65 | €111 | €120 | €121 | €970 | €2k | ▲ 95.5% |
| Profit (loss) for the period before taxes9903 | €51k | €45k | €37k | €33k | €2k | ▼ 92.8% |
| Income taxes67/77 | €18k | €15k | €11k | €8k | €1k | ▼ 85.2% |
| Profit (loss) for the period9904 | €34k | €30k | €25k | €24k | €1k | ▼ 95.4% |
| Profit (loss) for the period to be appropriated9905 | €34k | €30k | €25k | €24k | €1k | ▼ 95.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €356k | €429k | €411k | €474k | €442k | ▼ 6.9% |
| Fixed assets21/28 | €5k | €5k | €3k | €64k | €50k | ▼ 22.4% |
| Tangible fixed assets22/27 | €5k | €5k | €3k | €64k | €50k | ▼ 22.4% |
| Plant, machinery and equipment23 | - | €172 | €53 | €2k | €1k | ▼ 21.2% |
| Furniture and vehicles24 | - | €2k | €764 | €61k | €47k | ▼ 22.1% |
| Other tangible fixed assets26 | - | €3k | €3k | €2k | €1k | ▼ 34.1% |
| Current assets29/58 | €351k | €424k | €408k | €410k | €392k | ▼ 4.4% |
| Amounts receivable after more than one year29 | - | €149k | €250k | €250k | €250k | = |
| Other amounts receivable291 | - | €149k | €250k | €250k | €250k | = |
| Amounts receivable within one year40/41 | €631 | €52k | €52k | €22k | €12k | ▼ 47.1% |
| Trade receivables40 | - | €46k | €42k | €12k | €5k | ▼ 54.2% |
| Other amounts receivable41 | - | €6k | €10k | €11k | €6k | ▼ 39.2% |
| Cash at bank and in hand54/58 | €284k | €201k | €105k | €130k | €103k | ▼ 20.8% |
| Deferred charges and accrued income490/1 | - | €23k | €1k | €9k | €28k | ▲ 224% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €356k | €429k | €411k | €474k | €442k | ▼ 6.9% |
| Equity10/15 | €309k | €343k | €367k | €390k | €389k | ▼ 0.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €297k | €325k | €348k | €371k | €371k | ▼ 0.1% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €325k | €348k | €371k | €371k | ▼ 0.1% |
| Profit (loss) carried forward14 | €6 | €6 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €47k | €86k | €44k | €84k | €52k | ▼ 38.0% |
| Amounts payable after more than one year17 | - | - | - | €41k | €30k | ▼ 25.9% |
| Financial debts170/4 | - | - | - | €41k | €30k | ▼ 25.9% |
| Amounts payable within one year42/48 | €11k | €9k | €13k | €22k | €22k | ▼ 2.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10k | €11k | ▲ 3.8% |
| Trade debts44 | €2k | €4k | €7k | €5k | €3k | ▼ 39.8% |
| Suppliers440/4 | - | €4k | €7k | €5k | €3k | ▼ 39.8% |
| Taxes, remuneration and social security45 | - | €899 | €350 | €350 | €350 | = |
| Taxes450/3 | - | €899 | €350 | €350 | €350 | = |
| Other amounts payable47/48 | - | €3k | €6k | €7k | €8k | ▲ 13.8% |
| Accrued charges and deferred income492/3 | - | €78k | €31k | €21k | €239 | ▼ 98.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €30k | €25k | €24k | €1k | ▼ 95.4% |
| + Depreciation and write-downs630 | €1k | €2k | €2k | €6k | €14k | ▲ 139% |
| Operating cash flow (approximation) | €35k | €31k | €27k | €30k | €16k | ▼ 48.9% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €-67k | €0 | ▲ 100% |
| Change in cash | - | €-84k | €-96k | €25k | €-27k | ▼ 209% |
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
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €1k ▼95.4%
Net result drops to €1k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €37k ▲835%
Operating result €61k, net result €37k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Oostkamp · 1 establishment unit since 2005
Ground area
6.5 ha
Building footprint
2,482 m²
Volume, LiDAR
1,736 m³
2 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FUNDICO
since 20052.144.595.269
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082B0100/00X000 | Flanders | 6.4 ha | 1 · 2,311 m² | 9.8 m |
| 31022I0410/00E000 | Flanders | 1,087 m² | 1 · 171 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
European Union, budget
2021 · 4 entries · 178,800 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2021 | 4 | 178,800 EUR |
Projects
CHILI - A COMMUNITY-BASED HPV SCREENING IMPLEMENTATION IN LOW-INCOME COUNTRIES
INSIDE - INTEGRATED SILICON PHOTONICS FOR CARDIOVASCULAR DISEASE MONITORING
European research
9 projects · 1,370,903 EUR EU contributionProgrammes
Seventh Framework Programme
Horizon 2020
Projects
Integrating Platform for Advanced Smart Textile Applications
Thermoplastically deformable circuits for embedded randomly shaped electronics
PoC in-office device for identifying individuals at high risk of Osteoporosis and osteoporotic fracture
Intelligent light management for OLED on foil applications
Early stage CARdio Vascular Disease Detection with Integrated Silicon Photonics
Show 4 more projects
Integrated silicon photonics for Cardiovascular Disease monitoring
A Community-based HPV screening implementation in Low-Income countries
High density integration by embedding chips for reduced size modules and electronic systems
SwIFT - Non-volatile optical Switch combining Integrated Photonics and Fluidics Technologies
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 36,568 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.