FUNETHA
ActiveSummary
FUNETHA has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €161,832 and a net result of €3,149. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 78% of 1061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-1
Solvency90▼-5
Growth24=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 2.5 against 2.63 in 2024; short-term debt: 35% and cash: 5.7% of total assets), and 35% of the assets are financed with debt.
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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
65%
Return on assets
1.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-09-2026, 43 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
43 d late
2024
40 d late
2023
26 d late
2022
31 d late
2021
30 d late
2020
19 d late
2019
20 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 30 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€463,069▼ 3.7%
2024 · €480,851
EBIT margin
1.2%▼ 1.0pp
2024 · 2.2%
Net result
€3,149▼ 58.1%
2024 · €7,517
Working capital
€130,371▲ 14.1%
2024 · €114,244
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
Line20212022202320242025
Turnover€677,944▼ 33.1%€638,090▼ 5.9%€544,071▼ 14.7%€480,851▼ 11.6%€463,069▼ 3.7%
Operating result€14,161▼ 79.7%€8,927▼ 37.0%€9,569▲ 7.2%€10,460▲ 9.3%€5,393▼ 48.4%
Net result€8,393▼ 85.8%€5,853▼ 30.3%€7,158▲ 22.3%€7,517▲ 5.0%€3,149▼ 58.1%
EBIT margin2.1%▼ 4.8pp1.4%▼ 0.7pp1.8%▲ 0.4pp2.2%▲ 0.4pp1.2%▼ 1.0pp
Equity€161,832=€161,832=€161,832=€161,831=€161,832=
Total assets€386,005▲ 20.0%€351,095▼ 9.0%€238,191▼ 32.2%€231,971▼ 2.6%€248,825▲ 7.3%
Debt€224,173▲ 40.3%€189,263▼ 15.6%€76,360▼ 59.7%€70,140▼ 8.1%€86,994▲ 24.0%
Working capital€121,667▼ 21.4%€130,593▲ 7.3%€139,519▲ 6.8%€114,244▼ 18.1%€130,371▲ 14.1%
Staff (FTE)1=0.5▼ 50.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 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 €248,825
Fixed assets
€31,461 ▼ 33.9%
Current assets
€217,364 ▲ 17.9%
Equity and liabilities €248,825
Equity
€161,832 =
Debt
€86,994 ▲ 24.0%
Debt's share of the balance-sheet total rises from 30.2% to 35.0%. Debt is higher.
Key figures and ratios
EBITDA
€21,519▲
2024 · €21,186
Cash flow
€19,275▲
2024 · €18,243
Current ratio
2.50▼
2024 · 2.63
Quick ratio
1.24▲
2024 · 1.12
Debt to equity
0.54▲
2024 · 0.43
ROE
1.9%▼
2024 · 4.6%
ROA
1.3%▼
2024 · 3.2%
Interest coverage
22.61▲
2024 · 18.95
Debt ≤ 1 year
€86,994▲
2024 · €70,140
Income taxes
€1,292▼
2024 · €1,825
Staff costs
€50,000=
2024 · €50,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €677,944 | €638,090 | €544,071 | €480,851 | €463,069 | ▼ 3.7% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €355,820 | €408,721 | €390,219 | ▼ 4.5% |
| Remuneration, social security and pensions62 | €125,260 | €98,183 | €57,202 | €50,000 | €50,000 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,510 | €8,926 | €8,926 | €10,726 | €16,126 | ▲ 50.3% |
| Other operating charges640/8 | €1,138 | €688 | €778 | €944 | €1,331 | ▲ 41.0% |
| Gross operating margin9900 | €152,069 | €116,724 | €76,476 | €72,130 | €72,850 | ▲ 1.0% |
| Operating profit (loss)9901 | €14,161 | €8,927 | €9,569 | €10,460 | €5,393 | ▼ 48.4% |
| Financial income75/76B | - | €152 | - | - | €0 | - |
| Recurring financial income75 | - | €152 | - | - | €0 | - |
| Financial charges65/66B | €1,451 | €1,308 | €676 | €1,118 | €952 | ▼ 14.9% |
| Recurring financial charges65 | €1,451 | €1,308 | €676 | €1,118 | €952 | ▼ 14.9% |
| Profit (loss) for the period before taxes9903 | €12,710 | €7,771 | €8,893 | €9,342 | €4,442 | ▼ 52.5% |
| Income taxes67/77 | €4,317 | €1,918 | €1,735 | €1,825 | €1,292 | ▼ 29.2% |
| Profit (loss) for the period9904 | €8,393 | €5,853 | €7,158 | €7,517 | €3,149 | ▼ 58.1% |
| Profit (loss) for the period to be appropriated9905 | €8,393 | €5,853 | €7,158 | €7,517 | €3,149 | ▼ 58.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €386,005 | €351,095 | €238,191 | €231,971 | €248,825 | ▲ 7.3% |
| Formation expenses20 | - | - | €0 | - | - | - |
| Fixed assets21/28 | €40,165 | €31,239 | €22,313 | €47,587 | €31,461 | ▼ 33.9% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | €0 | - |
| Tangible fixed assets22/27 | €40,165 | €31,239 | €22,313 | €47,587 | €31,461 | ▼ 33.9% |
| Land and buildings22 | €40,165 | €31,239 | - | - | - | - |
| Furniture and vehicles24 | - | - | €22,313 | €47,587 | €31,461 | ▼ 33.9% |
| Financial fixed assets28 | - | - | €0 | - | - | - |
| Current assets29/58 | €345,840 | €319,856 | €215,878 | €184,384 | €217,364 | ▲ 17.9% |
| Stocks and contracts in progress3 | €111,235 | €112,384 | €110,757 | €105,622 | €109,429 | ▲ 3.6% |
| Stocks30/36 | €111,235 | €112,384 | €110,757 | €105,622 | €109,429 | ▲ 3.6% |
| Amounts receivable within one year40/41 | €222,316 | €202,142 | €98,386 | €69,057 | €93,872 | ▲ 35.9% |
| Trade receivables40 | €91,816 | €95,607 | €62,868 | €42,027 | €50,621 | ▲ 20.4% |
| Other amounts receivable41 | €130,500 | €106,535 | €35,517 | €27,030 | €43,252 | ▲ 60.0% |
| Cash at bank and in hand54/58 | €12,289 | €5,330 | €6,736 | €9,705 | €14,063 | ▲ 44.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €386,005 | €351,095 | €238,191 | €231,971 | €248,825 | ▲ 7.3% |
| Equity10/15 | €161,832 | €161,832 | €161,832 | €161,831 | €161,832 | = |
| Contributions10/11 | €27,269 | €27,269 | €27,268 | €27,268 | €27,268 | = |
| Capital10 | €27,269 | €27,269 | €27,268 | €27,268 | €27,268 | = |
| Issued capital100 | €27,269 | €27,269 | €27,268 | €27,268 | €27,268 | = |
| Outside capital11 | - | - | €0 | - | - | - |
| Reserves13 | €408 | €408 | €408 | €408 | €408 | = |
| Non-distributable reserves130/1 | €408 | €408 | €408 | €408 | €408 | = |
| Legal reserve130 | €408 | €408 | €408 | €408 | €408 | = |
| Profit (loss) carried forward14 | €134,155 | €134,155 | €134,155 | €134,155 | €134,155 | = |
| Amounts payable17/49 | €224,173 | €189,263 | €76,360 | €70,140 | €86,994 | ▲ 24.0% |
| Amounts payable within one year42/48 | €224,173 | €189,263 | €76,360 | €70,140 | €86,994 | ▲ 24.0% |
| Current portion of amounts payable after more than one year42 | - | €36,143 | €12,938 | €28,687 | €23,905 | ▼ 16.7% |
| Financial debts43 | - | €13,319 | €3,975 | - | - | - |
| Other loans439 | - | €13,319 | €3,975 | - | - | - |
| Trade debts44 | €152,180 | €123,253 | €52,289 | €24,926 | €48,342 | ▲ 93.9% |
| Suppliers440/4 | €152,180 | €123,253 | €52,289 | €24,926 | €48,342 | ▲ 93.9% |
| Taxes, remuneration and social security45 | €28,957 | €10,695 | - | €4,000 | €11,597 | ▲ 190% |
| Taxes450/3 | €26,693 | €10,695 | - | €4,000 | €11,597 | ▲ 190% |
| Remuneration and social security454/9 | €2,264 | €0 | - | - | - | - |
| Other amounts payable47/48 | €43,036 | €5,853 | €7,158 | €12,527 | €3,149 | ▼ 74.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,393 | €5,853 | €7,158 | €7,517 | €3,149 | ▼ 58.1% |
| + Depreciation and write-downs630 | €11,510 | €8,926 | €8,926 | €10,726 | €16,126 | ▲ 50.3% |
| Operating cash flow (approximation) | €19,903 | €14,779 | €16,084 | €18,243 | €19,275 | ▲ 5.7% |
| Investment in fixed assets (approximation) | - | €0 | -€0 | -€36,000 | -€0 | ▲ 100.0% |
| Change in cash | - | -€6,959 | €1,406 | €2,969 | €4,358 | ▲ 46.8% |
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
12-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 43 days late
2025
31-12
Financial
Weakest financial yearnet €3,149 ▼58.1%
Net result drops to €3,149, the lowest in the series.
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
31-12
Financial
Highest result since 2018net €59,117 ▲287%
Operating result €69,781, net result €59,117, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Liège · 1 establishment unit since 1974
Ground area
1,567 m²
Building footprint
63 m²
Volume, LiDAR
435 m³
Parcel 62087B0247/00D010, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Vieille-Voie-de-Tongres 321, 4000 Liège
since 19742.010.585.019
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62087B0247/00D010 | Wallonia | 1,567 m² | 1 · 63 m² | 8.8 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 903 companies in sector 96301 we hold annual accounts for 612. 519 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
Founded13-12-1974
Fiscal year end31-12
Activities, NACEBEL 2025
96301Funeral services
46900Non-specialised wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.