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FUNICO

Active
Public limited companyfounded 198640 yrs activeBooiebos 3, 9031 Gent, BelgiumKBO/BCE: BE 0429.032.681
Summary

FUNICO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.9m and a net result of €108,167. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 24% of 144 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability52▲+17
Solvency54▲+1
Growth67=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230,000 at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.71 in 2024; short-term debt: 44.3% and cash: 3% of total assets), but 71% of the assets are financed with debt.
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Signals

Seven 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 40 years 0 50 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
29%
Return on assets
0.8%
Age of the figures
13 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 144 sector peers (2025).
NBB · sector comparison
Position among 144 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 23-02-2026, 36 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
36 d early
2024
38 d early
2023
17 d early
2022
7 d early
2021
128 d early
2020
61 d early
2019
21 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 38 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
31-08-2026 close27-09-2026 today31-03-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FUNICO was incorporated on 17 June 1986.1 Revenue grew from EUR 15 million in 2019 to EUR 18 million in 2025 and headcount from 102 to 112 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€18.3m▲ 4.3%
2024 · €17.6m
EBIT margin
2.2%▲ 1.6pp
2024 · 0.6%
Net result
€108,167▲ 49.1%
2024 · €72,551
Working capital
€3.5m▼ 16.4%
2024 · €4.1m
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€15.9m▲ 1.7%€17.6m▲ 10.7%€18.6m▲ 5.7%€17.6m▼ 5.3%€18.3m▲ 4.3%
Operating result€1.2m▲ 38.6%€328,607▼ 73.1%€329,600▲ 0.3%€102,587▼ 68.9%€400,844▲ 291%
Net result€913,454€170,739▼ 81.3%€187,827▲ 10.0%€72,551▼ 61.4%€108,167▲ 49.1%
EBIT margin7.7%▲ 2.0pp1.9%▼ 5.8pp1.8%▼ 0.1pp0.6%▼ 1.2pp2.2%▲ 1.6pp
Equity€3.3m▲ 86.2%€3.5m▲ 5.2%€3.7m▲ 5.4%€3.7m▲ 2.0%€3.9m▲ 2.9%
Total assets€10.2m▲ 3.4%€13.7m▲ 33.4%€16.7m▲ 22.1%€13.2m▼ 20.9%€13.3m▲ 0.5%
Debt€6.9m▼ 14.7%€10.2m▲ 46.8%€13.0m▲ 27.9%€9.5m▼ 27.3%€9.4m▼ 0.5%
Working capital€3.0m▲ 5.6%€6.3m▲ 108%€5.1m▼ 18.6%€4.1m▼ 19.0%€3.5m▼ 16.4%
Staff (FTE)92.9▼ 5.1%99.1▲ 6.7%109.3▲ 10.3%114.6▲ 4.8%111.6▼ 2.6%
Why a figure moved sharply
  • 2024 Net result -61% on 2023. Cause not known from the registers.
  • 2022 Net result -81% on 2021. Cause not known from the registers.
  • 2021 Equity +86% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
€0€500,000€1.0mOperating result 2021: €1.2m€1.2mNet result 2021: €913,454€913,454Operating result 2022: €328,607€328,607Net result 2022: €170,739€170,739Operating result 2023: €329,600€329,600Net result 2023: €187,827€187,827Operating result 2024: €102,587€102,587Net result 2024: €72,551€72,551Operating result 2025: €400,844€400,844Net result 2025: €108,167€108,16720212022202320242025€0€200,000€400,000Operating result 2023: €329,600€330,000Net result 2023: €187,827€188,000Operating result 2024: €102,587€103,000Net result 2024: €72,551€72,600Operating result 2025: €400,844€401,000Net result 2025: €108,167€108,000202320242025
The operating result recovers in 2025; 2025 is 291% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.3m
Fixed assets €3.9m ▲ 22.6%
Current assets €9.3m ▼ 6.7%
Equity and liabilities €13.3m
Equity €3.9m ▲ 2.9%
Debt €9.4m ▼ 0.5%
Debt's share of the balance-sheet total falls from 71.7% to 71.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€867,036▲
2024 · €364,734
Cash flow
€574,359▲
2024 · €334,698
Current ratio
1.59▼
2024 · 1.71
Quick ratio
0.93▼
2024 · 1.03
Debt to equity
2.44▼
2024 · 2.53
ROE
2.8%▲
2024 · 1.9%
ROA
0.8%▲
2024 · 0.5%
Interest coverage
4.74▲
2024 · 2.30
Debt ≤ 1 year
€5.9m▲
2024 · €5.9m
Debt > 1 year
€3.5m▼
2024 · €3.6m
Income taxes
€77,200▲
2024 · €56,931
Staff costs
€6.4m▲
2024 · €6.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 719 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
0.8% went bankrupt
1.4% stopped otherwise
97% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 719 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 98 lines
Balance sheet Code20242025
Assets
Total assets20/58€13.2m€13.3m▲
Fixed assets21/28€3.2m€3.9m▲
Intangible fixed assets21€146,320€400,359▲
Tangible fixed assets22/27€1.7m€1.5m▼
Land and buildings22€720,104€695,615▼
Plant, machinery and equipment23€359,552€371,797▲
Furniture and vehicles24€137,476€105,673▼
Leasing and similar rights25€166,136€318,625▲
Other tangible fixed assets26€11,459€14,539▲
Assets under construction and advance payments27€291,094€0▼
Financial fixed assets28€1.4m€2.0m▲
Affiliated companies280/1€1.4m€2.0m▲
Participating interests280€700,002€700,002=
Amounts receivable281€671,800€1.3m▲
Other financial fixed assets284/8€5,212€5,347▲
Amounts receivable and cash guarantees285/8€5,212€5,347▲
Current assets29/58€10.0m€9.3m▼
Stocks and contracts in progress3€3.9m€3.9m▼
Stocks30/36€3.9m€3.9m▼
Raw materials and consumables30/31€1.2m€1.0m▼
Work in progress32€1.6m€1.8m▲
Finished goods33€448,587€405,314▼
Goods purchased for resale34€686,671€704,386▲
Amounts receivable within one year40/41€3.8m€3.3m▼
Trade receivables40€1.6m€1.7m▲
Other amounts receivable41€2.2m€1.6m▼
Current investments50/53€1.5m€1.5m=
Own shares50€1.5m€1.5m=
Cash at bank and in hand54/58€421,138€398,859▼
Deferred charges and accrued income490/1€363,474€224,536▼
Equity and liabilities
Total equity and liabilities10/49€13.2m€13.3m▲
Equity10/15€3.7m€3.9m▲
Contributions10/11€745,000€745,000=
Capital10€745,000€745,000=
Issued capital100€745,000€745,000=
Revaluation surpluses12€44,239€44,239=
Reserves13€2.5m€3.1m▲
Non-distributable reserves130/1€1.5m€1.5m▲
Legal reserve130€40,197€45,606▲
Own shares acquired1312€1.5m€1.5m=
Tax-exempt reserves132€42,899€42,899=
Distributable reserves133€935,000€1.5m▲
Profit (loss) carried forward14€466,402€4,161▼
Amounts payable17/49€9.5m€9.4m▼
Amounts payable after more than one year17€3.6m€3.5m▼
Financial debts170/4€3.6m€3.5m▼
Leasing and similar obligations172€199,640€287,540▲
Credit institutions173€3.4m€3.0m▼
Other loans174-€250,000
Amounts payable within one year42/48€5.9m€5.9m▲
Current portion of amounts payable after more than one year42€900,742€997,234▲
Financial debts43€1.5m€1.5m=
Credit institutions430/8€1.5m€1.5m=
Trade debts44€2.2m€2.3m▲
Suppliers440/4€2.2m€2.3m▲
Taxes, remuneration and social security45€1.2m€1.1m▼
Taxes450/3€330,246€63,602▼
Remuneration and social security454/9€839,030€1.0m▲
Other amounts payable47/48€108,693€37▼
Accrued charges and deferred income492/3€42€0▼
Income statement Code20242025
Operating income70/76A€18.1m€19.1m▲
Turnover70€17.6m€18.3m▲
Change in stocks of work in progress, finished goods and contracts in progress71-€49,221€115,675▲
Own construction capitalised72€109,950€98,905▼
Other operating income74€487,788€584,150▲
Operating charges60/66A€18.0m€18.7m▲
Goods for resale, raw materials and consumables60€7.4m€7.7m▲
Purchases600/8€7.5m€7.6m▲
Change in stocks: decrease (increase)609-€53,707€165,101▲
Services and other goods61€4.2m€4.0m▼
Remuneration, social security and pensions62€6.0m€6.4m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€262,147€466,192▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€13,679-€29,512▼
Other operating charges640/8€89,243€75,706▼
Non-recurring operating charges66A€59,027€2,925▼
Operating profit (loss)9901€102,587€400,844▲
Financial income75/76B€289,933€83,254▼
Recurring financial income75€76,933€83,254▲
Income from financial fixed assets750€62,024€49,436▼
Other financial income752/9€14,910€33,818▲
Non-recurring financial income76B€213,000€0▼
Financial charges65/66B€263,038€298,730▲
Recurring financial charges65€263,038€298,730▲
Debt charges650€158,326€182,972▲
Other financial charges652/9€104,713€115,759▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€129,482€185,367▲
Income taxes67/77€56,931€77,200▲
Taxes670/3€56,986€77,200▲
Tax adjustments and reversals of tax provisions77€55€0▼
Profit (loss) for the period9904€72,551€108,167▲
Profit (loss) for the period to be appropriated9905€72,551€108,167▲
Appropriation of the result
Profit (loss) to be appropriated9906€470,030€574,570▲
Profit (loss) brought forward from the previous period14P€397,479€466,402▲
Transfer to equity691/2€3,628€570,408▲
To the legal reserve6920€3,628€5,408▲
To other reserves6921-€565,000
Social balance
Average headcount (FTE)9087114.6111.6▼

The notes to these accounts (96 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A-€18.7m€19.6m€18.1m€19.1m▲ 5.6%
Turnover70€15.9m€17.6m€18.6m€17.6m€18.3m▲ 4.3%
Change in stocks of work in progress, finished goods and contracts in progress71-€696,092€323,371-€49,221€115,675▲ 335%
Own construction capitalised72--€179,251€109,950€98,905▼ 10.0%
Other operating income74-€404,942€507,337€487,788€584,150▲ 19.8%
Non-recurring operating income76A-€13,714----
Operating charges60/66A-€18.4m€19.2m€18.0m€18.7m▲ 4.0%
Goods for resale, raw materials and consumables60-€8.3m€8.3m€7.4m€7.7m▲ 4.5%
Purchases600/8-€8.7m€8.3m€7.5m€7.6m▲ 1.5%
Change in stocks: decrease (increase)609--€317,682€73,590-€53,707€165,101▲ 407%
Services and other goods61-€4.6m€4.6m€4.2m€4.0m▼ 4.2%
Remuneration, social security and pensions62-€4.9m€5.9m€6.0m€6.4m▲ 7.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€147,964€145,079€233,045€262,147€466,192▲ 77.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€13,836--€13,679-€29,512▼ 116%
Other operating charges640/8-€54,671€66,454€89,243€75,706▼ 15.2%
Non-recurring operating charges66A-€354,773€40,819€59,027€2,925▼ 95.0%
Operating profit (loss)9901€1.2m€328,607€329,600€102,587€400,844▲ 291%
Financial income75/76B-€221,482€762,753€289,933€83,254▼ 71.3%
Recurring financial income75€90,315€90,766€101,908€76,933€83,254▲ 8.2%
Income from financial fixed assets750-€44,583€48,076€62,024€49,436▼ 20.3%
Other financial income752/9-€46,184€53,832€14,910€33,818▲ 127%
Non-recurring financial income76B-€130,715€660,845€213,000€0▼ 100%
Financial charges65/66B-€305,931€802,722€263,038€298,730▲ 13.6%
Recurring financial charges65€275,536€305,931€302,722€263,038€298,730▲ 13.6%
Debt charges650€154,120€114,965€142,997€158,326€182,972▲ 15.6%
Other financial charges652/9-€190,966€159,725€104,713€115,759▲ 10.5%
Non-recurring financial charges66B--€500,000€0--
Profit (loss) for the period before taxes9903€1.0m€244,158€289,630€129,482€185,367▲ 43.2%
Income taxes67/77€105,952€73,419€101,804€56,931€77,200▲ 35.6%
Taxes670/3-€80,000€101,804€56,986€77,200▲ 35.5%
Tax adjustments and reversals of tax provisions77-€6,581-€55€0▼ 100%
Profit (loss) for the period9904€913,454€170,739€187,827€72,551€108,167▲ 49.1%
Profit (loss) for the period to be appropriated9905€920,329€170,739€187,827€72,551€108,167▲ 49.1%
Line20212022202320242025Change
Assets
Total assets20/58€10.2m€13.7m€16.7m€13.2m€13.3m▲ 0.5%
Fixed assets21/28€1.6m€2.3m€3.0m€3.2m€3.9m▲ 22.6%
Intangible fixed assets21€9,584€109,342€122,310€146,320€400,359▲ 174%
Tangible fixed assets22/27€686,866€807,749€1.5m€1.7m€1.5m▼ 10.7%
Land and buildings22-€385,993€733,959€720,104€695,615▼ 3.4%
Plant, machinery and equipment23-€267,184€292,861€359,552€371,797▲ 3.4%
Furniture and vehicles24-€92,084€171,230€137,476€105,673▼ 23.1%
Leasing and similar rights25-€48,888€156,627€166,136€318,625▲ 91.8%
Other tangible fixed assets26---€11,459€14,539▲ 26.9%
Assets under construction and advance payments27-€13,600€179,251€291,094€0▼ 100%
Financial fixed assets28€925,479€1.4m€1.4m€1.4m€2.0m▲ 47.2%
Affiliated companies280/1-€1.4m€1.4m€1.4m€2.0m▲ 47.4%
Participating interests280-€700,002€700,002€700,002€700,002=
Amounts receivable281-€671,800€671,800€671,800€1.3m▲ 96.8%
Other financial fixed assets284/8-€6,257€6,257€5,212€5,347▲ 2.6%
Amounts receivable and cash guarantees285/8-€6,257€6,257€5,212€5,347▲ 2.6%
Current assets29/58€8.6m€11.4m€13.7m€10.0m€9.3m▼ 6.7%
Stocks and contracts in progress3€2.7m€3.7m€3.9m€3.9m€3.9m▼ 1.3%
Stocks30/36-€3.7m€3.9m€3.9m€3.9m▼ 1.3%
Raw materials and consumables30/31-€1.2m€1.1m€1.2m€1.0m▼ 15.4%
Work in progress32-€1.5m€1.7m€1.6m€1.8m▲ 9.8%
Finished goods33-€273,363€409,460€448,587€405,314▼ 9.6%
Goods purchased for resale34-€715,374€759,175€686,671€704,386▲ 2.6%
Amounts receivable within one year40/41€5.0m€5.2m€7.4m€3.8m€3.3m▼ 12.0%
Trade receivables40-€2.3m€4.6m€1.6m€1.7m▲ 6.7%
Other amounts receivable41-€2.9m€2.8m€2.2m€1.6m▼ 25.8%
Current investments50/53-€1.5m€1.5m€1.5m€1.5m=
Own shares50-€1.5m€1.5m€1.5m€1.5m=
Cash at bank and in hand54/58€884,172€859,116€505,514€421,138€398,859▼ 5.3%
Deferred charges and accrued income490/1-€183,510€386,058€363,474€224,536▼ 38.2%
Equity and liabilities
Total equity and liabilities10/49€10.2m€13.7m€16.7m€13.2m€13.3m▲ 0.5%
Equity10/15€3.3m€3.5m€3.7m€3.7m€3.9m▲ 2.9%
Contributions10/11€745,000€745,000€745,000€745,000€745,000=
Capital10-€745,000€745,000€745,000€745,000=
Issued capital100-€745,000€745,000€745,000€745,000=
Revaluation surpluses12-€44,239€44,239€44,239€44,239=
Reserves13€2.5m€2.5m€2.5m€2.5m€3.1m▲ 22.9%
Non-distributable reserves130/1-€1.5m€1.5m€1.5m€1.5m▲ 0.4%
Legal reserve130-€27,179€36,570€40,197€45,606▲ 13.5%
Own shares acquired1312-€1.5m€1.5m€1.5m€1.5m=
Tax-exempt reserves132-€42,899€42,899€42,899€42,899=
Distributable reserves133-€935,000€935,000€935,000€1.5m▲ 60.4%
Profit (loss) carried forward14€59,833€219,043€397,479€466,402€4,161▼ 99.1%
Amounts payable17/49€6.9m€10.2m€13.0m€9.5m€9.4m▼ 0.5%
Amounts payable after more than one year17€1.3m€5.1m€4.5m€3.6m€3.5m▼ 1.7%
Financial debts170/4-€5.1m€4.5m€3.6m€3.5m▼ 1.7%
Leasing and similar obligations172-€62,420€45,402€199,640€287,540▲ 44.0%
Credit institutions173-€5.0m€4.4m€3.4m€3.0m▼ 11.8%
Other loans174----€250,000-
Amounts payable within one year42/48€5.6m€5.1m€8.6m€5.9m€5.9m▲ 0.2%
Current portion of amounts payable after more than one year42-€920,071€874,362€900,742€997,234▲ 10.7%
Financial debts43-€1.0m€1.5m€1.5m€1.5m=
Credit institutions430/8-€1.0m€1.5m€1.5m€1.5m=
Trade debts44€1.2m€2.3m€5.1m€2.2m€2.3m▲ 5.9%
Suppliers440/4-€2.3m€5.1m€2.2m€2.3m▲ 5.9%
Taxes, remuneration and social security45-€886,108€1.1m€1.2m€1.1m▼ 8.9%
Taxes450/3-€123,870€204,341€330,246€63,602▼ 80.7%
Remuneration and social security454/9-€762,238€873,884€839,030€1.0m▲ 19.4%
Other amounts payable47/48-€27€37€108,693€37▼ 100.0%
Accrued charges and deferred income492/3-€15,126€42€42€0▼ 100%
Line20212022202320242025Change
Profit (loss) for the period9904€913,454€170,739€187,827€72,551€108,167▲ 49.1%
+ Depreciation and write-downs630€147,964€145,079€233,045€262,147€466,192▲ 77.8%
Operating cash flow (approximation)€1.1m€315,817€420,872€334,698€574,359▲ 71.6%
Investment in fixed assets (approximation)--€818,300-€972,192-€437,004-€1.2m▼ 172%
Change in cash--€25,056-€353,603-€84,376-€22,279▲ 73.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-03-2027
2026
23-02
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
21-02
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
14-03
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
24-03
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2021
23-11
NBB filing Annual accounts filed
fiscal year 2021 · full schema
31-08
Financial Back to profitnet €913,454
Net result €913,454 after 2 loss-making years.
31-08
Financial Equity above €2mEq €3.3m ▲86.2%
Equity rises from €1.8m to €3.3m.
29-01
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-08
Financial Weakest financial yearnet -€802,311
Net result drops to -€802,311, the lowest in the series; recovery starts the following year.
21-04
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
26-03
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
30-03
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 104 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts

We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
15 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, Gent · 3 establishment units since 1986
seat establishment All 3 establishment units on the map
Ground area
1.9 ha
Building footprint
1.0 ha
Volume, LiDAR
36,940 m³
3 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
3 establishment units
FUNICO
Booiebos 3, 9031 GentManufacture of chemicals and chemical products
since 19862.036.165.701
FUNICO
Landegemstraat 3, 9031 GentOther manufacturing
since 20142.231.409.477
FUNICO
Molenstraat 55, 1651 BeerselOther manufacturing
since 20162.258.845.631
3 parcels
Flanders 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44017D0928/00N000 Flanders 1.0 ha 1 · 7,055 m² 8.4 m · 2 fl.
23046A0092/00L005 Flanders 7,860 m² 1 · 2,928 m² -
44017D0805/00G002 Flanders 896 m² 1 · 262 m² 9.4 m · 2 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner · 3 holdings · 4 subsidiaries in the tree

Owners 1

Holdings 3

All subsidiaries, including indirect ones 4

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the annual accounts to 31-08-2025 of FUNICO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 14 entries · 242,753 EUR awarded · 242,916 EUR paid
Year Entries awardedpaid
2025 4 55,383 EUR55,648 EUR
2024 4 88,361 EUR88,011 EUR
2023 3 67,095 EUR67,343 EUR
2022 3 31,914 EUR31,914 EUR
Schemes
4 entries · 125,580 EUR · 125,580 EUR paid · Departement Werk en Sociale Economie
4 entries · 65,457 EUR · 65,457 EUR paid · Departement Werk en Sociale Economie
2 entries · 42,233 EUR · 42,233 EUR paid · Departement Werk en Sociale Economie
4 entries · 9,483 EUR · 9,646 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Dual-learning approval

1 live approval
Operator CNC-gestuurde houtbewerkingsmachines duaal (so)
Goedgekeurd · 2025 to 2030

Legal Entity Identifier

549300V85HKQN7U2D059
live in the LEI register

Similar companies · same sector, comparable size

Of 764 companies in sector 16281 we hold annual accounts for 159. 53 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
Founded17-06-1986
Fiscal year end31-08
Activities, NACEBEL 2025
16281Manufacture of other wood products
32990Other manufacturing not elsewhere classified
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID 0208:0429032681

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.