FUNIS
ActiveSummary
FUNIS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €123,531 and a net result of €8,167. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 2542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability62▼-18
Solvency48▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.57 in 2023; short-term debt: 7% and cash: 6.5% of total assets), and 76.5% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
23.5%
Return on assets
1.6%
Age of the figures
21 mo
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 29-04-2025, 93 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
93 d early
2023
97 d early
2022
45 d early
2021
44 d early
2020
33 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€123,531▼ 1.5%
2023 · €125,364
Total assets
€525,974▼ 7.4%
2023 · €567,940
Net result
€8,167▼ 84.1%
2023 · €51,431
Working capital
€17,191▼ 44.1%
2023 · €30,760
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€7,571▼ 89.8%€28,604▲ 278%€73,512▲ 157%€76,320▲ 3.8%€21,113▼ 72.3%
Net result€2,257▼ 96.0%€15,677▲ 594%€45,809▲ 192%€51,431▲ 12.3%€8,167▼ 84.1%
Equity€65,547▲ 3.6%€81,225▲ 23.9%€89,434▲ 10.1%€125,364▲ 40.2%€123,531▼ 1.5%
Total assets€592,638▲ 522%€573,200▼ 3.3%€569,109▼ 0.7%€567,940▼ 0.2%€525,974▼ 7.4%
Debt€527,090▲ 1,547%€491,976▼ 6.7%€479,675▼ 2.5%€442,576▼ 7.7%€402,443▼ 9.1%
Working capital€9,237▼ 84.9%€1,652▼ 82.1%-€1,005€30,760€17,191▼ 44.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 72% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €525,974
Fixed assets
€471,917 ▼ 2.3%
Current assets
€54,057 ▼ 36.3%
Equity and liabilities €525,974
Equity
€123,531 ▼ 1.5%
Debt
€402,443 ▼ 9.1%
Debt's share of the balance-sheet total falls from 77.9% to 76.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€40,853▼
2023 · €100,464
Cash flow
€27,907▼
2023 · €75,574
Current ratio
1.47▼
2023 · 1.57
Debt to equity
3.26▼
2023 · 3.53
ROE
6.6%▼
2023 · 41.0%
ROA
1.6%▼
2023 · 9.1%
Interest coverage
4.92▼
2023 · 13.12
Debt ≤ 1 year
€36,866▼
2023 · €54,054
Debt > 1 year
€365,069▼
2023 · €387,608
Income taxes
€4,645▼
2023 · €17,232
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 | €59,202 | €22,162 | €23,145 | €24,143 | €19,740 | ▼ 18.2% |
| Other operating charges640/8 | - | €2,202 | €3,221 | €3,865 | €4,130 | ▲ 6.8% |
| Gross operating margin9900 | €69,987 | €52,969 | €99,878 | €104,329 | €44,983 | ▼ 56.9% |
| Operating profit (loss)9901 | €7,571 | €28,604 | €73,512 | €76,320 | €21,113 | ▼ 72.3% |
| Financial income75/76B | - | €1,668 | €60 | - | - | - |
| Recurring financial income75 | - | €1,668 | €60 | - | - | - |
| Financial charges65/66B | - | €6,920 | €6,102 | €7,658 | €8,301 | ▲ 8.4% |
| Recurring financial charges65 | €2,864 | €6,920 | €6,102 | €7,658 | €8,301 | ▲ 8.4% |
| Profit (loss) for the period before taxes9903 | €4,707 | €23,352 | €67,470 | €68,662 | €12,812 | ▼ 81.3% |
| Income taxes67/77 | €2,450 | €7,675 | €21,661 | €17,232 | €4,645 | ▼ 73.0% |
| Profit (loss) for the period9904 | €2,257 | €15,677 | €45,809 | €51,431 | €8,167 | ▼ 84.1% |
| Profit (loss) for the period to be appropriated9905 | €2,257 | €15,677 | €45,809 | €51,431 | €8,167 | ▼ 84.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €592,638 | €573,200 | €569,109 | €567,940 | €525,974 | ▼ 7.4% |
| Fixed assets21/28 | €522,679 | €514,677 | €500,537 | €483,126 | €471,917 | ▼ 2.3% |
| Tangible fixed assets22/27 | €522,679 | €514,677 | €500,537 | €483,126 | €471,917 | ▼ 2.3% |
| Land and buildings22 | - | €483,925 | €472,005 | €460,085 | €448,165 | ▼ 2.6% |
| Plant, machinery and equipment23 | - | €13,007 | €18,695 | €21,113 | €23,752 | ▲ 12.5% |
| Furniture and vehicles24 | - | €17,746 | €9,837 | €1,928 | - | - |
| Current assets29/58 | €69,958 | €58,523 | €68,572 | €84,815 | €54,057 | ▼ 36.3% |
| Amounts receivable after more than one year29 | - | €30,000 | - | - | - | - |
| Other amounts receivable291 | - | €30,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €166 | €9,551 | €23,221 | €20,194 | €19,906 | ▼ 1.4% |
| Trade receivables40 | - | €9,305 | €21,542 | €18,942 | €11,839 | ▼ 37.5% |
| Other amounts receivable41 | - | €246 | €1,679 | €1,252 | €8,067 | ▲ 544% |
| Cash at bank and in hand54/58 | €28,463 | €18,972 | €45,352 | €64,621 | €34,151 | ▼ 47.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €592,638 | €573,200 | €569,109 | €567,940 | €525,974 | ▼ 7.4% |
| Equity10/15 | €65,547 | €81,225 | €89,434 | €125,364 | €123,531 | ▼ 1.5% |
| Contributions10/11 | - | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €59,347 | €75,025 | €70,834 | €106,764 | €104,931 | ▼ 1.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €73,165 | €68,974 | €106,764 | €104,931 | ▼ 1.7% |
| Amounts payable17/49 | €527,090 | €491,976 | €479,675 | €442,576 | €402,443 | ▼ 9.1% |
| Amounts payable after more than one year17 | €466,333 | €435,067 | €409,867 | €387,608 | €365,069 | ▼ 5.8% |
| Financial debts170/4 | - | €435,067 | €409,867 | €387,608 | €365,069 | ▼ 5.8% |
| Amounts payable within one year42/48 | €60,721 | €56,871 | €69,577 | €54,054 | €36,866 | ▼ 31.8% |
| Current portion of amounts payable after more than one year42 | - | €31,266 | €25,200 | €22,259 | €22,539 | ▲ 1.3% |
| Trade debts44 | €5,578 | €6,081 | €6,935 | €6,859 | €7,744 | ▲ 12.9% |
| Suppliers440/4 | - | €6,081 | €6,935 | €6,859 | €7,744 | ▲ 12.9% |
| Taxes, remuneration and social security45 | - | €13,697 | €36,685 | €24,936 | €6,583 | ▼ 73.6% |
| Taxes450/3 | - | €13,697 | €36,685 | €24,936 | €6,078 | ▼ 75.6% |
| Remuneration and social security454/9 | - | - | - | - | €505 | - |
| Other amounts payable47/48 | - | €5,827 | €757 | - | - | - |
| Accrued charges and deferred income492/3 | - | €38 | €231 | €914 | €508 | ▼ 44.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,257 | €15,677 | €45,809 | €51,431 | €8,167 | ▼ 84.1% |
| + Depreciation and write-downs630 | €59,202 | €22,162 | €23,145 | €24,143 | €19,740 | ▼ 18.2% |
| Operating cash flow (approximation) | €61,460 | €37,839 | €68,954 | €75,574 | €27,907 | ▼ 63.1% |
| Investment in fixed assets (approximation) | - | -€14,160 | -€9,004 | -€6,733 | -€8,531 | ▼ 26.7% |
| Change in cash | - | -€9,491 | €26,380 | €19,269 | -€30,470 | ▼ 258% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €125,364 ▲40.2%
5 profitable years in a row build equity to €125,364.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €2,257 ▼96%
Net result drops to €2,257, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Ichtegem · 1 establishment unit since 2019
Ground area
922 m²
Building footprint
110 m²
Parcel 35006B1325/00S000, Flanders. Linked by address, not a title deed.
1 establishment unit
Funis
since 20192.283.031.887
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35006B1325/00S000 | Flanders | 922 m² | 1 · 109 m² | - |
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 11,671 companies in sector 85599 we hold annual accounts for 1,329. 1,010 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
Founded12-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
70200Business and other management consultancy
73200Market research and public opinion polling
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.