FUNÉCO
ActiveSummary
FUNÉCO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €190k and a net result of €-6k. Equity is growing by ~36.6% per year across the filed fiscal years. Its solvency ranks better than 49% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▼-23
Solvency66▲+7
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.7 in 2024; short-term debt: 34.2% and cash: 10.8% of total assets), and 58.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
5 d early
2019
53 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€218k▼ 63.9%
2022 · €603k
2018: €51k
2019: €53k
2020: €67k
2021: €169k
2022: €603k
2018 → 2023
EBIT margin
27.9%▲ 7.4pp
2022 · 20.5%
2018: 2.9%
2019: 1.8%
2020: 25.5%
2021: 31.0%
2022: 20.5%
2018 → 2023
Net result
€-6k
2024 · €15k
2018: €-3k
2019: €819
2020: €13k
2021: €38k
2022: €88k
2023: €42k
2024: €15k
2018 → 2025
Working capital
€-83k▼ 10.3%
2024 · €-76k
2018: €-267k
2019: €-268k
2020: €-246k
2021: €-206k
2022: €-133k
2023: €-89k
2024: €-76k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€169k-€603k▲ 256%€218k▼ 63.9%
Equity€52k-€139k▲ 170%€181k▲ 29.9%€196k▲ 8.4%€190k▼ 3.0%
Operating result€53k-€124k▲ 136%€61k▼ 51.0%€34k▼ 44.2%€-2k
Net result€38k-€88k▲ 130%€42k▼ 52.5%€15k▼ 63.6%€-6k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €34k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €459k
Fixed assets
€385k ▼ 3.7%
Current assets
€74k ▼ 59.1%
Equity and liabilities €459k
Equity
€190k ▼ 3.0%
Debt
€269k ▼ 30.1%
Debt's share of the balance-sheet total falls from 66.3% to 58.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14k▼
2024 · €51k
Cash flow
€11k▼
2024 · €33k
Current ratio
0.47▼
2024 · 0.70
Quick ratio
0.39▼
2024 · 0.66
Debt to equity
1.42▼
2024 · 1.96
ROE
-3.1%▼
2024 · 7.7%
ROA
-1.3%▼
2024 · 2.6%
Interest coverage
3.86▼
2024 · 14.53
Debt ≤ 1 year
€157k▼
2024 · €256k
Debt > 1 year
€112k▼
2024 · €129k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€581k€459k▼
Fixed assets21/28€400k€385k▼
Intangible fixed assets21€386-
Tangible fixed assets22/27€398k€384k▼
Land and buildings22€381k€369k▼
Plant, machinery and equipment23€17k€15k▼
Furniture and vehicles24€524-
Financial fixed assets28€2k€2k=
Current assets29/58€180k€74k▼
Stocks and contracts in progress3€12k€12k▼
Stocks30/36€12k€12k▼
Amounts receivable within one year40/41€72k€12k▼
Trade receivables40€72k€10k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€92k€50k▼
Deferred charges and accrued income490/1€4k-
Equity and liabilities
Total equity and liabilities10/49€581k€459k▼
Equity10/15€196k€190k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€176k€170k▼
Amounts payable17/49€385k€269k▼
Amounts payable after more than one year17€129k€112k▼
Financial debts170/4€129k€112k▼
Amounts payable within one year42/48€256k€157k▼
Current portion of amounts payable after more than one year42€17k€17k▲
Trade debts44€71k€21k▼
Suppliers440/4€71k€21k▼
Taxes, remuneration and social security45€9k€9k▼
Taxes450/3€9k€9k▼
Other amounts payable47/48€160k€111k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▼
Other operating charges640/8€2k€9k▲
Gross operating margin9900€53k€23k▼
Operating profit (loss)9901€34k€-2k▼
Financial income75/76B€19€8▼
Recurring financial income75€19€8▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€30k€-6k▼
Income taxes67/77€15k-
Profit (loss) for the period9904€15k€-6k▼
Profit (loss) for the period to be appropriated9905€15k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€176k€170k▼
Profit (loss) brought forward from the previous period14P€160k€176k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-6k ▼139%
Net result drops to €-6k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Equity above €150kEq €181k ▲29.9%
5 profitable years in a row build equity to €181k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €88k ▲130%
Operating result €124k, net result €88k, both a record.
31-12
Financial
Equity above €100kEq €139k ▲170%
4 profitable years in a row build equity to €139k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 53 days late
2019
31-12
Financial
Back to profitnet €819
Net result €819 after one loss-making year.
Show earlier events
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Verviers · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Jean Koch 204800 VerviersGround area
1,853 m²
Building footprint
583 m²
Volume, LiDAR
3,154 m³
Parcel 63043B0353/00C002, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Funéco
since 20152.240.173.329
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63043B0353/00C002 | Wallonia | 1,853 m² | 1 · 583 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
De Velowinkel
BE 0673.610.461
Gent · Eq €191k
GEERTS
BE 0476.896.144
Lummen · Eq €189k
55 BIKE DISTRIBUTION
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Oudergem · Eq €179k
Cycle Squad
BE 0745.354.730
Damme · Eq €206k
BRANDERS Bike Supply
BE 0831.221.110
Damme · Eq €211k
Of 207 companies in sector 46495 we hold annual accounts for 108. 83 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46495Wholesale trade
23700Cutting, shaping and finishing of stone
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46713Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.