FUNERALCO
ActiveSummary
FUNERALCO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €904k and a net result of €33k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 76% of 4659 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71=
Solvency86▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 2.23 against 4.02 in 2024; short-term debt: 18.2% and cash: 9.6% of total assets), and 39.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.7%
Return on assets
2.2%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
7 d early
2023
5 d early
2022
1 d late
2021
4 d early
2020
12 d early
2019
11 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€904k▼ 18.5%
2024 · €1.11M
2018: €650klowest in 8 years
2019: €715k▲ +10.1% vs 2018
2020: €879k▲ +22.9% vs 2019
2021: €898k▲ +2.1% vs 2020
2022: €1.01M▲ +12.2% vs 2021
2023: €1.08M▲ +7.1% vs 2022
2024: €1.11M▲ +2.7% vs 2023highest in 8 years
2025: €904k▼ -18.5% vs 2024
2018 → 2025
Total assets
€1.49M▼ 12.0%
2024 · €1.69M
2018: €935klowest in 8 years
2019: €1.21M▲ +29.8% vs 2018
2020: €1.35M▲ +10.8% vs 2019
2021: €1.47M▲ +8.9% vs 2020
2022: €1.67M▲ +13.9% vs 2021
2023: €1.74M▲ +4.4% vs 2022highest in 8 years
2024: €1.69M▼ -3.0% vs 2023
2025: €1.49M▼ -12.0% vs 2024
2018 → 2025
Net result
€33k▲ 10.4%
2024 · €30k
2018: €136k
2019: €65k▼ -51.8% vs 2018
2020: €164k▲ +151% vs 2019highest in 8 years
2021: €160k▼ -2.5% vs 2020
2022: €109k▼ -31.5% vs 2021
2023: €72k▼ -34.4% vs 2022
2024: €30k▼ -58.7% vs 2023lowest in 8 years
2025: €33k▲ +10.4% vs 2024
2018 → 2025
Working capital
€335k▼ 49.4%
2024 · €662k
2018: €505k
2019: €610k▲ +20.7% vs 2018
2020: €770k▲ +26.2% vs 2019highest in 8 years
2021: €697k▼ -9.4% vs 2020
2022: €656k▼ -5.9% vs 2021
2023: €652k▼ -0.7% vs 2022
2024: €662k▲ +1.6% vs 2023
2025: €335k▼ -49.4% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€898k-€1.01M▲ 12.2%€1.08M▲ 7.1%€1.11M▲ 2.7%€904k▼ 18.5%
2021: €898klowest in 5 years
2022: €1.01M▲ +12.2% vs 2021
2023: €1.08M▲ +7.1% vs 2022
2024: €1.11M▲ +2.7% vs 2023highest in 5 years
2025: €904k▼ -18.5% vs 2024
Operating result€137k-€161k▲ 17.4%€106k▼ 34.3%€36k▼ 66.0%€19k▼ 48.4%
2021: €137k
2022: €161k▲ +17.4% vs 2021highest in 5 years
2023: €106k▼ -34.3% vs 2022
2024: €36k▼ -66.0% vs 2023
2025: €19k▼ -48.4% vs 2024lowest in 5 years
Net result€160k-€109k▼ 31.5%€72k▼ 34.4%€30k▼ 58.7%€33k▲ 10.4%
2021: €160khighest in 5 years
2022: €109k▼ -31.5% vs 2021
2023: €72k▼ -34.4% vs 2022
2024: €30k▼ -58.7% vs 2023lowest in 5 years
2025: €33k▲ +10.4% vs 2024
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 three years in a row; 2025 is 48% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.49M
Fixed assets
€882k ▲ 8.9%
Current assets
€607k ▼ 31.2%
Equity and liabilities €1.49M
Equity
€904k ▼ 18.5%
Debt
€585k ▲ 0.4%
Debt's share of the balance-sheet total rises from 34.4% to 39.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€93k▼
2024 · €107k
Cash flow
€107k▲
2024 · €101k
Current ratio
2.23▼
2024 · 4.02
Quick ratio
2.08▼
2024 · 3.81
Debt to equity
0.65▲
2024 · 0.53
ROE
3.6%▲
2024 · 2.7%
ROA
2.2%▲
2024 · 1.8%
Interest coverage
9.56▼
2024 · 10.28
Debt ≤ 1 year
€272k▲
2024 · €220k
Debt > 1 year
€313k▼
2024 · €363k
Income taxes
€6k▼
2024 · €10k
Staff costs
€139k▲
2024 · €133k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.69M€1.49M▼
Fixed assets21/28€809k€882k▲
Tangible fixed assets22/27€809k€867k▲
Land and buildings22€618k€599k▼
Plant, machinery and equipment23€65k€56k▼
Furniture and vehicles24€105k€75k▼
Other tangible fixed assets26€21k€136k▲
Financial fixed assets28-€15k
Current assets29/58€882k€607k▼
Stocks and contracts in progress3€46k€42k▼
Stocks30/36€46k€42k▼
Amounts receivable within one year40/41€122k€140k▲
Trade receivables40€91k€123k▲
Other amounts receivable41€31k€18k▼
Current investments50/53€459k€283k▼
Cash at bank and in hand54/58€254k€143k▼
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€1.69M€1.49M▼
Equity10/15€1.11M€904k▼
Contributions10/11€19k€19k=
Reserves13€1.09M€885k▼
Tax-exempt reserves132€28k€28k=
Distributable reserves133€1.06M€858k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€582k€585k▲
Amounts payable after more than one year17€363k€313k▼
Financial debts170/4€363k€313k▼
Amounts payable within one year42/48€220k€272k▲
Current portion of amounts payable after more than one year42€68k€69k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€37k€61k▲
Suppliers440/4€37k€61k▲
Taxes, remuneration and social security45€17k€20k▲
Taxes450/3€467€3k▲
Remuneration and social security454/9€17k€18k▲
Other amounts payable47/48€97k€121k▲
Income statement
Code20242025
Remuneration, social security and pensions62€133k€139k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€74k▲
Other operating charges640/8€15k€8k▼
Gross operating margin9900€256k€239k▼
Operating profit (loss)9901€36k€19k▼
Financial income75/76B€14k€30k▲
Recurring financial income75€14k€30k▲
Financial charges65/66B€10k€10k▼
Recurring financial charges65€10k€10k▼
Profit (loss) for the period before taxes9903€40k€38k▼
Income taxes67/77€10k€6k▼
Profit (loss) for the period9904€30k€33k▲
Profit (loss) for the period to be appropriated9905€30k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€33k▲
Transfer from equity791/2-€238k
Transfer to equity691/2€30k€33k▲
To other reserves6921€30k€33k▲
Profit to be distributed694/7-€238k
Return on contributions (dividend)694-€238k
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €111k | €123k | €129k | €133k | €139k | ▲ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32k | €28k | €52k | €71k | €74k | ▲ 3.7% |
| Other operating charges640/8 | €11k | €11k | €15k | €15k | €8k | ▼ 45.5% |
| Gross operating margin9900 | €292k | €323k | €302k | €256k | €239k | ▼ 6.4% |
| Operating profit (loss)9901 | €137k | €161k | €106k | €36k | €19k | ▼ 48.4% |
| Financial income75/76B | €91k | €833 | €590 | €14k | €30k | ▲ 106% |
| Recurring financial income75 | €91k | €833 | €590 | €14k | €30k | ▲ 106% |
| Financial charges65/66B | €9k | €7k | €9k | €10k | €10k | ▼ 7.2% |
| Recurring financial charges65 | €9k | €7k | €9k | €10k | €10k | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €219k | €155k | €97k | €40k | €38k | ▼ 3.7% |
| Income taxes67/77 | €59k | €45k | €26k | €10k | €6k | ▼ 44.2% |
| Profit (loss) for the period9904 | €160k | €109k | €72k | €30k | €33k | ▲ 10.4% |
| Transfer from tax-exempt reserves789 | €22k | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €181k | €109k | €72k | €30k | €33k | ▲ 10.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.47M | €1.67M | €1.74M | €1.69M | €1.49M | ▼ 12.0% |
| Fixed assets21/28 | €534k | €758k | €858k | €809k | €882k | ▲ 8.9% |
| Tangible fixed assets22/27 | €534k | €758k | €858k | €809k | €867k | ▲ 7.1% |
| Land and buildings22 | - | - | €656k | €618k | €599k | ▼ 3.1% |
| Plant, machinery and equipment23 | €140k | €142k | €69k | €65k | €56k | ▼ 12.9% |
| Furniture and vehicles24 | €16k | €38k | €133k | €105k | €75k | ▼ 28.6% |
| Other tangible fixed assets26 | - | - | - | €21k | €136k | ▲ 536% |
| Assets under construction and advance payments27 | €377k | €578k | €0 | - | - | - |
| Financial fixed assets28 | - | - | - | - | €15k | - |
| Current assets29/58 | €932k | €912k | €885k | €882k | €607k | ▼ 31.2% |
| Stocks and contracts in progress3 | €44k | €52k | €51k | €46k | €42k | ▼ 9.0% |
| Stocks30/36 | €44k | €52k | €51k | €46k | €42k | ▼ 9.0% |
| Amounts receivable within one year40/41 | €146k | €133k | €136k | €122k | €140k | ▲ 15.1% |
| Trade receivables40 | €99k | €123k | €105k | €91k | €123k | ▲ 34.9% |
| Other amounts receivable41 | €47k | €10k | €31k | €31k | €18k | ▼ 43.0% |
| Current investments50/53 | €380k | €440k | €500k | €459k | €283k | ▼ 38.5% |
| Cash at bank and in hand54/58 | €359k | €277k | €195k | €254k | €143k | ▼ 43.9% |
| Deferred charges and accrued income490/1 | €2k | €9k | €3k | €1k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.47M | €1.67M | €1.74M | €1.69M | €1.49M | ▼ 12.0% |
| Equity10/15 | €898k | €1.01M | €1.08M | €1.11M | €904k | ▼ 18.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €880k | €989k | €1.06M | €1.09M | €885k | ▼ 18.8% |
| Non-distributable reserves130/1 | €14k | €14k | €0 | - | - | - |
| Reserves not available under the articles1311 | €14k | €14k | €0 | - | - | - |
| Tax-exempt reserves132 | €28k | €28k | €28k | €28k | €28k | = |
| Distributable reserves133 | €837k | €947k | €1.03M | €1.06M | €858k | ▼ 19.3% |
| Profit (loss) carried forward14 | €0 | €0 | - | - | €0 | - |
| Amounts payable17/49 | €568k | €662k | €664k | €582k | €585k | ▲ 0.4% |
| Amounts payable after more than one year17 | €333k | €406k | €431k | €363k | €313k | ▼ 13.6% |
| Financial debts170/4 | €333k | €406k | €431k | €363k | €313k | ▼ 13.6% |
| Amounts payable within one year42/48 | €235k | €256k | €233k | €220k | €272k | ▲ 23.7% |
| Current portion of amounts payable after more than one year42 | €46k | €59k | €67k | €68k | €69k | ▲ 2.2% |
| Financial debts43 | - | €10k | €13k | €0 | - | - |
| Credit institutions430/8 | - | €10k | €13k | €0 | - | - |
| Trade debts44 | €42k | €50k | €43k | €37k | €61k | ▲ 63.6% |
| Suppliers440/4 | €42k | €50k | €43k | €37k | €61k | ▲ 63.6% |
| Advances received on contracts in progress46 | €2k | €2k | €0 | - | - | - |
| Taxes, remuneration and social security45 | €44k | €48k | €17k | €17k | €20k | ▲ 18.1% |
| Taxes450/3 | €29k | €31k | €0 | €467 | €3k | ▲ 463% |
| Remuneration and social security454/9 | €15k | €17k | €17k | €17k | €18k | ▲ 5.8% |
| Other amounts payable47/48 | €101k | €85k | €93k | €97k | €121k | ▲ 24.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €160k | €109k | €72k | €30k | €33k | ▲ 10.4% |
| + Depreciation and write-downs630 | €32k | €28k | €52k | €71k | €74k | ▲ 3.7% |
| Operating cash flow (approximation) | €192k | €137k | €124k | €101k | €107k | ▲ 5.6% |
| Investment in fixed assets (approximation) | - | €-252k | €-153k | €-22k | €-146k | ▼ 553% |
| Change in cash | - | €-82k | €-82k | €59k | €-111k | ▼ 289% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €30k ▼58.7%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
31-12
Financial
Equity above €1MEq €1.01M ▲12.2%
5 profitable years in a row build equity to €1.01M.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €164k ▲151%
Operating result €243k, net result €164k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Schoten · 5 establishment units since 1996
Ground area
6,848 m²
Building footprint
1,730 m²
Volume, LiDAR
10,565 m³
5 parcels, Flanders · tallest building 15.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
5 establishment units
ROUWCENTRUM J. DE WAELE
since 19962.077.973.293
FUNERALCO
since 20142.236.073.692
FUNERALCO
since 20142.236.074.187
Uitvaartzorg De Waele
since 20222.335.422.874
Memora Uitvaartzorg
since 20252.380.592.707
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040A0111/00L010 | Flanders | 5,495 m² | 1 · 593 m² | 10.8 m · 2 fl. |
| 13014E0068/00F000 | Flanders | 839 m² | 1 · 740 m² | 15.4 m · 1 fl. |
| 11364F0376/00R004 | Flanders | 197 m² | 1 · 197 m² | 12.2 m · 3 fl. |
| 11364F0528/00H000 | Flanders | 194 m² | 1 · 137 m² | 10.3 m · 2 fl. |
| 11423B0394/00P006 | Flanders | 122 m² | 1 · 62 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.077.973.293
Legal Entity Identifier
967600H23I98QUVTU198
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Of 903 companies in sector 96301 we hold annual accounts for 612. 470 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
Founded09-04-1996
Fiscal year end31-12
Activities, NACEBEL 2025
96301Funeral services
Contact
Phone
036642704Antwerpen
Scores and ratios are computed by Checked and are not a credit decision.