Skip to content

FUNKEY

Active
Private limited companyfounded 2017active for 9 yearsClematisstraat 10, 9000 Ghent, BelgiumKBO/BCE: BE 0680.777.078
Summary

FUNKEY has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€283,005) and a net result of -€594,207. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 3,396 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Overview

Overview

Official details

Source: KBO
Status
Active since 06-09-2017 Normal situation
Activity
Other information technology and computer services NACE 62900and 2 others
Joint committee
200 Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.281.697.049 9000 Ghent, since 06-09-2017
Financial year end
31 December
Peppol
Reachable since 23-02-2026

Board and ownership

Board
  • Thomas Van ÖverbekeDirector · since 07-12-2022
  • Ubuntu4u BVDirector · since 14-12-2022
  • JULEONDirector · since 19-11-2024 · permanent representative GOEMAERE Vincent Sébastien Joseph Marie
Shareholders
  • Tim FOCKEDEYdeed of 30-12-2025
  • Pieter MAESdeed of 30-12-2025
  • Thomas VAN OVERBEKEdeed of 30-12-2025
and 3 other shareholders

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.4%
Annual accounts 2025
Gross margin
€711,821
▲ 55.2%
Turnover
≈ €1.9m
estimated
Loss
€594,207
▼ 9.5%
Equity
-€283,005
Total assets
€1.7m
▲ 21.9%
Employees on 31-12-2025
15
▲ 7.1%
  • Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€283,005Loss of €594,207, the second in a row (financial year 2025)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 0.75, cash €332,763Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 8% of small companies in computer programming and consultancy (NACE 62)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 8-17
equity -17.1% of total assets
Liquidity 27-24
short-term debt 87.1% · cash 20.1%
Profitability 0=
return on assets -35.8%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (1,167 companies, NACE 62, small)
Last 24 months 12-2024: 1.5% 01-2025: 1.5%● unchanged vs 12-2024 02-2025: 1.5%● unchanged vs 01-2025 03-2025: 1.5%● unchanged vs 02-2025 04-2025: 1.5%● unchanged vs 03-2025 05-2025: 1.5%● unchanged vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025 07-2025: 1.7%▲ +0.2 percentage points vs 06-2025highest value 08-2025: 0.6%▼ -1.1 percentage points vs 07-2025lowest value 09-2025: 0.6%● unchanged vs 08-2025lowest value 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.7%▲ +0.1 percentage points vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 1.4%▲ +0.7 percentage points vs 07-2026 09-2026: 1.4%● unchanged vs 08-2026 10-2026: 1.4%● unchanged vs 09-2026 11-2026: 1.4%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.75 (1.08 in 2024), below 1. Short-term debt is 87.1% and cash 20.1% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, small). It does better than 5% of them on solvency, 22% on liquidity, 4% on profitability and 0% on growth.

The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Negative equity -€283,005
NBB · annual accounts
raises risk · Loss of €594,207, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Liquidity: current ratio 0.75, cash €332,763
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
202122232425
2020 to 2025 · latest year -€283,005
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 02-07-2026, 29 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
29 days early
2024
on the day
2023
1 day early
2022
6 days early
2021
23 days early
2020
16 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 7 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 02-07-2026 at the NBB all 6 filings

Turnover
≈ €1.9m
Estimated: probably between €1.3m and €3.0m
Total assets
€1.7m▲ 21.9%
2024 · €1.4m
Net result
-€594,207▲ 9.5%
2024 · -€656,830
Working capital
-€355,360
2024 · €66,166
Multi-year overview
2020 to 2025, 6 financial years
Operating result
-€554,457
▲ 11.9% 2025
20202025
Net result
-€594,207
▲ 9.5% 2025
lowest quarter of the sector
20202025
Equity
-€283,005
2025
lowest quarter of the sector
20202025
Total assets
€1.7m
▲ 21.9% 2025
highest quarter of the sector
20202025
Debt
€1.9m
▲ 43.1% 2025
20202025
Working capital
-€355,360
2025
lowest quarter of the sector
20202025
Solvency
-17.1%
▼ 17.4pp 2025
lowest quarter of the sector
20202025
Current ratio
0.75
▼ 0.33 2025
lowest quarter of the sector
20202025
Return on assets (ROA)
-35.8%
▲ 12.4pp 2025
lowest quarter of the sector
20202025
Staff (FTE)
15.5
▲ 11.5% 2025
highest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line202020212022202320242025
Operating result€0.02m-€0.09m▲ 339%-€0.2m-€0.5m▼ 122%-€0.6m▼ 14.7%-€0.6m▲ 11.9%
Net result€0.02mwithin the sector's middle half-€0.08mabove the sector's middle half▲ 308%-€0.3mbelow the sector's middle half-€0.6mbelow the sector's middle half▼ 129%-€0.7mbelow the sector's middle half▼ 13.4%-€0.6mbelow the sector's middle half▲ 9.5%
Equity€0.06mwithin the sector's middle half-€0.1mwithin the sector's middle half▲ 99.8%€0.3mabove the sector's middle half▲ 193%-€0.2mbelow the sector's middle half€0.005mbelow the sector's middle half-€0.3mbelow the sector's middle half
Total assets€0.3mwithin the sector's middle half-€0.4mabove the sector's middle half▲ 63.8%€1.1mabove the sector's middle half▲ 144%€1.2mwithin the sector's middle half▲ 5.7%€1.4mwithin the sector's middle half▲ 17.3%€1.7mabove the sector's middle half▲ 21.9%
Debt€0.2m-€0.3m▲ 54.1%€0.8m▲ 127%€1.4m▲ 84.8%€1.4m▼ 3.0%€1.9m▲ 43.1%
Working capital€0.1mabove the sector's middle half-€0.2mabove the sector's middle half▲ 33.9%€0.3mabove the sector's middle half▲ 103%-€0.03mbelow the sector's middle half€0.07mwithin the sector's middle half-€0.4mbelow the sector's middle half
Solvency21.2%below the sector's middle half-25.9%below the sector's middle half▲ 4.7pp31.0%below the sector's middle half▲ 5.2pp-20.6%below the sector's middle half▼ 51.6pp0.3%below the sector's middle half▲ 20.9pp-17.1%below the sector's middle half▼ 17.4pp
Current ratio1.83within the sector's middle half-1.70within the sector's middle half▼ 0.131.55within the sector's middle half▼ 0.160.96below the sector's middle half▼ 0.591.08within the sector's middle half▲ 0.120.75below the sector's middle half▼ 0.33
Return on assets (ROA)6.9%within the sector's middle half-17.2%within the sector's middle half▲ 10.3pp-23.0%below the sector's middle half▼ 40.3pp-49.9%below the sector's middle half▼ 26.9pp-48.2%below the sector's middle half▲ 1.7pp-35.8%below the sector's middle half▲ 12.4pp
Staff (FTE)3.86.8▲ 78.9%11.6within the sector's middle half▲ 70.6%13.9above the sector's middle half▲ 19.8%15.5above the sector's middle half▲ 11.5%
above within below The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a loss of €554,457, smaller than the loss of €629,283 in 2024.

Large changes and their cause
  • 2023 Net result -129% on 2022. The accounts now follow the abbreviated format, last year the micro format.

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets €541,628 ▲ 21.8%
Current assets €1.1m ▲ 21.9%
Equity and liabilities
Equity-€283,005
Debt€1.9m
Equity is negative. Debt (€1.9m) exceeds the balance-sheet total (€1.7m).
Key figures and ratios
2025 value · change against 2024
EBITDA
-€392,034▲
2024 · -€514,716
Cash flow
-€431,784▲
2024 · -€542,263
Interest coverage
-9.76▲
2024 · -18.47
Debt ≤ 1 year
€1.4m▲
2024 · €827,303
Debt > 1 year
€256,154▼
2024 · €419,174
Income taxes
€1,226▲
2024 · €1,021
Staff costs
€1.1m▲
2024 · €930,017
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date58131415
full-time57111214
part-time01221
in full-time equivalents57.812.613.614.8
Average over the year, in full-time equivalents3.86.811.613.915.5
On a permanent contract58131415
Joined5411610
Left11629
Training hours----18

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets--€173,313€123,712€73,189
Debts guaranteed by Belgian public bodies--€250,000€196,005€134,925
Pledge on the business--€275,000€275,000€275,000

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€4,692€923€5,736€1,478-
Intangible fixed assets€63,929€156,884€265,758€159,546€255,854
Financial fixed assets--€138-€0
Depreciation and write-downs of the year€15,787€30,234€69,996€114,567€162,423

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 to 2025 · 10 entries · €66,419 awarded · €68,279 paid
Year Entries AwardedPaid
2025 2 €0€25,000
2024 4 €55,760€31,720
2023 2 €2,294€3,194
2022 2 €8,365€8,365
Schemes
3 entries · €50,000 · €50,000 paid · Fonds voor Innoveren en Ondernemen
2 entries · €11,500 · €11,500 paid · Vlaams Agentschap voor Internationaal Ondernemen
3 entries · €3,959 · €5,819 paid · Fonds voor Innoveren en Ondernemen
2 entries · €960 · €960 paid · Departement Werk en Sociale Economie
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.4m€1.7m▲
Formation expenses20€0.02m€0.03m▲
Fixed assets21/28€0.4m€0.5m▲
Intangible fixed assets21€0.4m€0.5m▲
Tangible fixed assets22/27€0.006m€0.002m▼
Plant, machinery and equipment23€0.002m€0.001m▼
Furniture and vehicles24€0.004m€0.002m▼
Financial fixed assets28€138€138=
Current assets29/58€0.9m€1.1m▲
Amounts receivable within one year40/41€0.5m€0.7m▲
Trade receivables40€0.5m€0.5m▲
Other amounts receivable41€0.04m€0.1m▲
Cash at bank and in hand54/58€0.4m€0.3m▼
Deferred charges and accrued income490/1€0.04m€0.08m▲
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.7m▲
Equity10/15€0.005m-€0.3m▼
Contributions10/11€1.4m€1.7m▲
Reserves13€0.09m€0.09m=
Non-distributable reserves130/1€50€0▼
Reserves not available under the articles1311€50€0▼
Distributable reserves133€0.09m€0.09m▲
Profit (loss) carried forward14-€1.5m-€2.1m▼
Amounts payable17/49€1.4m€1.9m▲
Amounts payable after more than one year17€0.4m€0.3m▼
Financial debts170/4€0.4m€0.3m▼
Amounts payable within one year42/48€0.8m€1.4m▲
Current portion of amounts payable after more than one year42€0.2m€0.3m▲
Financial debts43€0.02m€0.3m▲
Credit institutions430/8€0.02m€0.3m▲
Trade debts44€0.5m€0.6m▲
Suppliers440/4€0.5m€0.6m▲
Advances received on contracts in progress46€0.04m€0.07m▲
Taxes, remuneration and social security45€0.1m€0.2m▲
Taxes450/3€0.03m€0.06m▲
Remuneration and social security454/9€0.1m€0.1m▲
Other amounts payable47/48€0.003m€0.009m▲
Accrued charges and deferred income492/3€0.1m€0.2m▲
Income statement Code20242025
Non-recurring operating income76A€0.08m€0.004m▼
Remuneration, social security and pensions62€0.9m€1.1m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.2m▲
Other operating charges640/8€0.02m€0.004m▼
Non-recurring operating charges66A€0.02m€0.002m▼
Gross operating margin9900€0.5m€0.7m▲
Operating profit (loss)9901-€0.6m-€0.6m▲
Financial income75/76B€0.001m€0.002m▲
Recurring financial income75€0.001m€0.002m▲
Financial charges65/66B€0.03m€0.04m▲
Recurring financial charges65€0.03m€0.04m▲
Profit (loss) for the period before taxes9903-€0.7m-€0.6m▲
Income taxes67/77€0.001m€0.001m▲
Profit (loss) for the period9904-€0.7m-€0.6m▲
Profit (loss) for the period to be appropriated9905-€0.7m-€0.6m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.5m-€2.1m▼
Profit (loss) brought forward from the previous period14P-€0.8m-€1.5m▼
Social balance sheet
Average headcount (FTE)908713.915.5▲

The notes to these accounts have 29 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 02-07-2026.

Line202020212022202320242025Change
Non-recurring operating income76A--€0.07m€488€0.08m€0.004m▼ 95.2%
Remuneration, social security and pensions62-€0.2m€0.3m€0.7m€0.9m€1.1m▲ 18.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.009m€0.02m€0.03m€0.07m€0.1m€0.2m▲ 41.8%
Other operating charges640/8-€0.003m€0.001m€0.003m€0.02m€0.004m▼ 82.3%
Non-recurring operating charges66A--€0.03m€0.008m€0.02m€0.002m▼ 92.4%
Gross operating margin9900€0.03m€0.3m€0.1m€0.2m€0.5m€0.7m▲ 55.2%
Operating profit (loss)9901€0.02m€0.09m-€0.2m-€0.5m-€0.6m-€0.6m▲ 11.9%
Financial income75/76B-€254€0.002m€0.006m€0.001m€0.002m▲ 22.7%
Recurring financial income75€37€254€0.002m€0.006m€0.001m€0.002m▲ 22.7%
Financial charges65/66B-€0.002m€0.008m€0.04m€0.03m€0.04m▲ 44.1%
Recurring financial charges65€0.001m€0.002m€0.008m€0.04m€0.03m€0.04m▲ 44.1%
Profit (loss) for the period before taxes9903€0.02m€0.09m-€0.3m-€0.6m-€0.7m-€0.6m▲ 9.6%
Income taxes67/77€0.002m€0.02m€412€0.001m€0.001m€0.001m▲ 20.1%
Profit (loss) for the period9904€0.02m€0.08m-€0.3m-€0.6m-€0.7m-€0.6m▲ 9.5%
Profit (loss) for the period to be appropriated9905€0.02m€0.08m-€0.3m-€0.6m-€0.7m-€0.6m▲ 9.5%
Line202020212022202320242025Change
Assets
Total assets20/58€0.3m€0.4m€1.1m€1.2m€1.4m€1.7m▲ 21.9%
Formation expenses20----€0.02m€0.03m▲ 19.5%
Fixed assets21/28€0.02m€0.07m€0.2m€0.4m€0.4m€0.5m▲ 21.8%
Intangible fixed assets21€0.004m€0.06m€0.2m€0.4m€0.4m€0.5m▲ 22.9%
Tangible fixed assets22/27€0.01m€0.008m€0.004m€0.008m€0.006m€0.002m▼ 61.4%
Plant, machinery and equipment23---€0.002m€0.002m€0.001m▼ 65.4%
Furniture and vehicles24-€0.008m€0.004m€0.005m€0.004m€0.002m▼ 59.0%
Financial fixed assets28---€138€138€138=
Current assets29/58€0.3m€0.4m€0.9m€0.8m€0.9m€1.1m▲ 21.9%
Amounts receivable within one year40/41€0.2m€0.3m€0.4m€0.5m€0.5m€0.7m▲ 33.7%
Trade receivables40-€0.2m€0.4m€0.4m€0.5m€0.5m▲ 16.1%
Other amounts receivable41-€0.04m€0.05m€0.07m€0.04m€0.1m▲ 221%
Cash at bank and in hand54/58€0.1m€0.09m€0.5m€0.2m€0.4m€0.3m▼ 5.7%
Deferred charges and accrued income490/1-€0.02m€0.01m€0.06m€0.04m€0.08m▲ 129%
Equity and liabilities
Total equity and liabilities10/49€0.3m€0.4m€1.1m€1.2m€1.4m€1.7m▲ 21.9%
Equity10/15€0.06m€0.1m€0.3m-€0.2m€0.005m-€0.3m-
Contributions10/11-€0.001m€0.5m€0.5m€1.4m€1.7m▲ 21.8%
Reserves13€0.06m€0.1m€0.09m€0.09m€0.09m€0.09m=
Non-distributable reserves130/1-€50€50€50€50€0▼ 100%
Reserves not available under the articles1311-€50€50€50€50€0▼ 100%
Distributable reserves133-€0.1m€0.09m€0.09m€0.09m€0.09m▲ 0.1%
Profit (loss) carried forward14€170€199-€0.3m-€0.8m-€1.5m-€2.1m▼ 39.9%
Amounts payable17/49€0.2m€0.3m€0.8m€1.4m€1.4m€1.9m▲ 43.1%
Amounts payable after more than one year17€0.006m€0.003m€0.2m€0.6m€0.4m€0.3m▼ 38.9%
Financial debts170/4-€0.003m€0.2m€0.6m€0.4m€0.3m▼ 38.9%
Amounts payable within one year42/48€0.1m€0.2m€0.6m€0.8m€0.8m€1.4m▲ 74.7%
Current portion of amounts payable after more than one year42-€0.05m€0.05m€0.1m€0.2m€0.3m▲ 108%
Financial debts43----€0.02m€0.3m▲ 18×
Credit institutions430/8----€0.02m€0.3m▲ 18×
Trade debts44€0.09m€0.1m€0.5m€0.6m€0.5m€0.6m▲ 20.6%
Suppliers440/4-€0.1m€0.5m€0.6m€0.5m€0.6m▲ 20.6%
Advances received on contracts in progress46--€0.01m€0.03m€0.04m€0.07m▲ 87.6%
Taxes, remuneration and social security45-€0.05m€0.05m€0.1m€0.1m€0.2m▲ 50.3%
Taxes450/3-€0.03m€0.02m€0.01m€0.03m€0.06m▲ 152%
Remuneration and social security454/9-€0.02m€0.04m€0.09m€0.1m€0.1m▲ 24.6%
Other amounts payable47/48-€0.03m€0.01m€0.02m€0.003m€0.009m▲ 241%
Accrued charges and deferred income492/3-€0.1m€0€0.03m€0.1m€0.2m▲ 118%
Line202020212022202320242025Change
Profit (loss) for the period9904€18,996€77,429-€252,877-€579,207-€656,830-€594,207▲ 9.5%
+ Depreciation and write-downs630€8,955€15,787€30,234€69,996€114,567€162,423▲ 41.8%
Operating cash flow (approximation)€27,951€93,216-€222,643-€509,211-€542,263-€431,784▲ 20.4%
Investment in fixed assets (approximation)--€68,621-€157,807-€271,633-€162,205-€259,319▼ 59.9%
Change in cash--€9,125€361,942-€213,863€111,493-€20,065-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 562 companies had the same profile as FUNKEY has now. Two years later, 86.8% were still going and 7.1% had gone bankrupt.

  • Small
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
86.8% was still going
4.8% stopped otherwise
7.1% went bankrupt

Another 1.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of FUNKEY itself is lower: 1.4% within 12 months. It rests on far more data about FUNKEY than the profile alone.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 562 companies, not a prediction for FUNKEY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (6)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 02-07-2026 2026-00242039 PDF
31-12-2024 abbreviated format 31-07-2025 2025-00343077 PDF
31-12-2023 abbreviated format 30-07-2024 2024-00306634 PDF
31-12-2022 micro format 25-07-2023 2023-00267502 PDF
31-12-2021 micro format 08-07-2022 2022-20164034 PDF
31-12-2020 micro format 16-08-2021 2021-48800528 PDF

Board & ownership

Directors

Directors
3 directors, last change in 2024

Board 3

Thomas Van Överbeke
Director (not named in the articles) · since 07-12-2022 · term without a fixed end · also on the board of 1 other company · listed in the 2025 annual accounts, filed on 02-07-2026
Current
Ubuntu4u BV
Director · since 14-12-2022 · Legal entity · listed in the 2025 annual accounts, filed on 02-07-2026
Current
JULEON
Director (not named in the articles) · since 19-11-2024 · Private limited company · permanent representative: GOEMAERE Vincent Sébastien Joseph Marie · also on the board of 1 other company · listed in the 2025 annual accounts, filed on 02-07-2026
Current
Permanent representatives 1
GOEMAERE Vincent Sébastien Joseph Marie
Permanent representative · appointed by deed of 30-12-2024 · for JULEON
Current

Owners and capital

Shareholders

  • Tim FOCKEDEY in cash
  • Pieter MAES in cash
  • Thomas VAN OVERBEKE in cash
  • Niels VANDEN BUVERIE in cash
  • Henri VAN ENGELEN in cash
  • WONDERJAAR (BE 0668.517.169) in cash
After 2 capital increases deed of 23-09-2022 ↗
  • BELFIUS INSURANCE 3,092 shares · in kind
  • Fockedey Tim 1,546 shares · in cash
Stated in the deed deed of 23-09-2022 ↗

Capital transactions

Capital over time
  1. 23-09-2022 Capital increase · 3,092 new shares · in kind
  2. 23-09-2022 Capital increase · 1,546 new shares · in cash

Mandate history

9 people, 3 in office
Show
  • Board
  • mandate already running before its first mention
  • end not dated
Mandates per person, with start and end dates
Name Functions and periods
Thomas Van Överbeke
  • Director (not named in the articles), appointed by deed of 14-12-2022, still in office
Ubuntu4u BV
  • Director, from 14-12-2022 to date
JULEON
  • Director (not named in the articles), appointed by deed of 30-12-2024, still in office
MAES Pieter Maria Herman
  • Director (not named in the articles), until 30-12-2024
Cobus VAN GHELUWE
  • Director (not named in the articles), until 23-09-2022
  • Director (not named in the articles), from before 23-09-2022 to 09-09-2024
UBUNTU4U
  • Director, appointed by deed of 09-09-2024, no longer listed in the 2025 annual accounts
UBUNTU4U
  • Director, appointed by deed of 09-09-2024, no longer listed in the 2025 annual accounts
Pieter Marie Herman MAES
  • Director (not named in the articles), appointed by deed of 14-12-2022, no longer listed in the 2025 annual accounts
Leen Coppens
  • Director (not named in the articles), until 23-09-2022
See the board, name and registered office on a given date →

Articles of association

Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“8bis, overdrachtsbeperkingen en procedures Aandeelhoudersovereenkomst”

Articles of association, deed of 23-09-2022 (in Dutch)

Network & group

Companies at the same address

1 other company

Connections & network

2 connected companies, 2 earlier ties
Linked via shared directors
VLV
via Thomas Van Överbeke · Permanent representative
Founded in 2017
→
STARDEKK
via JULEON · Director (not named in the articles)
No longer active · 42 FTE (2024)
→
Earlier ties
vzw oudervereniging leefschool de boomhut
via Thomas Van Överbeke (no longer at vzw oudervereniging leefschool de boomhut) · Director
Founded in 2014
→
STARDEKK HOLDING
via JULEON (no longer at STARDEKK HOLDING) · Director (not named in the articles)
No longer active · total assets €14.4m (2024)
→

Timeline

Deeds, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
02-07
NBB filing Annual accounts 2025 filedNBB
abbreviated format · 29 days before the deadline
2025
30-12
Gazette deed Share issue
Issue of 25,279 shares3 points ▸
  • General meeting, 22-12-2025
  • Amendment of the articles, article 5
  • Power of attorney, Inès Staessens
  • The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

31-07
NBB filing Annual accounts 2024 filedPDF
abbreviated format · on the deadline day
2024
31-12
Financial Weakest financial yearnet -€656,830
The net result drops to -€656,830, the lowest from 2020 to 2025. It recovers the following year.
30-12
Gazette deed 1 director appointed, 1 director resigning
Issue of 4,970 shares · Issue of 2,485 shares · Issue of 2,153 shares7 points ▸
  • General meeting, 19-11-2024
  • Director resignation, MAES Pieter Maria Herman (director (not named in the articles))
  • Director discharge, MAES Pieter Maria Herman
  • Director appointment, JULEON (director (not named in the articles))
  • Permanent representative, GOEMAERE Vincent Sébastien Joseph Marie
  • Registered office clause, Clematisstraat 10, 9000 Gent
  • Power of attorney, Annelies Wylleman
  • The deed holds 17 more points.

Open the deed in the Belgian Official Gazette

09-09
Gazette deed 1 director appointed, 1 director resigning
Resignation: Cobus VAN GHELUWE (director) · Appointment: UBUNTU4U (director) · Permanent representative: Cobus VAN GHELUWE8 points ▸
  • General meeting, 12-06-2024
  • Director resignation, Cobus VAN GHELUWE
  • Director discharge, Cobus VAN GHELUWE
  • Director appointment, UBUNTU4U
  • Permanent representative, Cobus VAN GHELUWE
  • Board composition, Pieter MAES (director)
  • Board composition, Thomas VAN OVERBEKE (director)
  • Board composition, UBUNTU4U (director)

Open the deed in the Belgian Official Gazette

30-07
NBB filing Annual accounts 2023 filedPDF
abbreviated format · 1 day before the deadline
2023
25-07
NBB filing Annual accounts 2022 filedPDF
micro format · 6 days before the deadline
2022
31-12
Financial Equity above €200,000equity €340,697 ▲193%
Equity rises from €116,172 to €340,697.
14-12
Gazette deed Appointments: VAN OVERBEKE Thomas Peter (director) and Pieter Marie Herman MAES (director)
Issue of 5,231 shares · Issue of 3,138 shares · Issue of 1,046 shares5 points ▸
  • Power of attorney, RINGOIR Chloé, mentioned 5 times in the deed
  • Director appointment, VAN OVERBEKE Thomas Peter (director (not named in the articles))
  • Director appointment, Pieter Marie Herman MAES (director (not named in the articles))
  • Registered office clause, Clematisstraat 10
  • Power of attorney, Inès Staessens
  • The deed holds 17 more points.

Open the deed in the Belgian Official Gazette

23-09
Gazette deed 2 directors resigning, 1 director reappointed
3,092 new shares · 1,546 new shares · 3,092 shares9 points ▸
  • General meeting, 16-09-2022
  • Van Gheluwe Cobus holds 99,000 shares
  • Fockedey Tim holds 1,000 shares
  • Auditor report, 12-09-2022
  • Director resignation, Van Gheluwe Cobus (director (not named in the articles))
  • Director reappointment, Van Gheluwe Cobus (director (not named in the articles))
  • Director resignation, Coppens Leen (director (not named in the articles))
  • Director discharge, Coppens Leen
  • 104,638 shares
  • The deed holds 13 more points.

Open the deed in the Belgian Official Gazette

08-07
NBB filing Annual accounts 2021 filedPDF
micro format · 23 days before the deadline
Show earlier events
2021
31-12
Financial Highest result from 2020 to 2025net €77,429 ▲308%
The operating result of €94,999 and the net result of €77,429 are both a record.
31-12
Financial Equity above €100,000equity €116,172 ▲99.8%
With a profit in every financial year since 2020, equity grows to €116,172.
16-08
NBB filing Annual accounts 2020 filedPDF
micro format · 16 days late
2017
08-09
Gazette deed IncorporationPDF
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 6 September 2017, FUNKEY was incorporated.1 In 2022 the capital was increased.2 Total assets went from €274,319 in 2020 to €1.7m in 2025 and headcount from 3.8 full-time equivalents in 2021 to 15.5 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 23-09-2022
  3. 3National Bank, annual accounts 2020, 2021 and 2025

Company details

Register details

Identity

KBO record
Name FUNKEY in Dutch
Enterprise number 0680.777.078
LEI code 875500DV8PGCPJ6W5465 live in the LEI register
Legal form Private limited company
Status Active, normal situation
Founded 06-09-2017
Entity type Legal entity

Registered office and establishments

Registered office Clematisstraat 10, 9000 Ghent, Belgium
Establishment unit FUNKEY, Rooigemlaan 532, 9000 Ghent since 06-09-2017 · unit number 2.281.697.049
E-mail info@funkey.be establishment in Gent

Activities

NACEBEL 2025
VAT activities
62900 Other information technology and computer services main activity
62200 Computer consultancy and computer facilities management
Social security (RSZ) activities
93299 Other amusement and recreation activities main activity
Codes under NACEBEL 2008
VAT activities
62090 Computer programming, consultancy and related activities main activity
62020 IT consultancy
Social security (RSZ) activities
93299 Other amusement and recreation activities main activity
Joint committee 200 Auxiliary committee for white-collar workers annual accounts 2025

Invoicing and payment

VAT number BE 0680.777.078
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0680777078
Other Peppol ID 9925:BE0680777078
Registered 23-02-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 5 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12

Sites & property

Location
registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Buildings and parcels at the addresses

Ground area
1,881 m²
Building footprint
901 m²
Building volume
9,938 m³
Tallest building: 15.4 m.
Cadastral parcel Region Area Buildings Height / floors
44816K0535/00G009 Flanders 1,046 m² 1 · 797 m² 15.4 m · 5
44810K0388/00G003 Flanders 835 m² 1 · 104 m² 6.5 m · 2