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FunQ

Active
Private limited companyfounded 2008active for 18 yearsWillem Elsschotlaan 24, 8670 Koksijde, BelgiumKBO/BCE: BE 0806.496.701
Summary

FunQ has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €262,092 and a net result of €50,350. Equity has been growing by about 11% per year since 2019. Its solvency ranks better than 15% of 1,382 sector peers (NACE 70, financial year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 22-09-2008 Normal situation
Activity
Business and other management consultancy NACE 70200and 4 others
Joint committee
336 Paritair Comité voor de vrije beroepen · annual accounts 31-03-2023
Establishment unit
2.192.123.487 8500 Kortrijk, since 17-09-2008
Financial year end
31 March
Peppol
Reachable since 30-01-2025

Board and ownership

Board
  • Verfaillie MathieuDirector · since 03-09-2020

Financial position

87 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts to 31-03-2026
Gross margin
€166,574
▼ 19.0%
Turnover
≈ €280,000
estimated
Profit
€50,350
▲ 7.1%
Equity
€262,092
▲ 2.1%
Total assets
€1.9m
▼ 5.8%
Score breakdownraises risk1 change of registered office in 24 monthsEquity €262,092 (13.6% of total assets)lowers riskSize: total assets €1.9mFigures for financial year 2026 (filed on 03-10-2026)Show the evidence

Checked score

Score 2026
87 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 34% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2025
Average
Solvency 39+1
equity 13.6% of total assets
Liquidity 54-5
short-term debt 10.6% · cash 3.7%
Profitability 56-9
return on assets 2.6%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,544 companies, NACE 70, micro)
Last 24 months 12-2024: 0.1%lowest value 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.2%▲ +0.1 percentage points vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.4%▲ +0.1 percentage points vs 08-2025 10-2025: 0.5%▲ +0.1 percentage points vs 09-2025highest value 11-2025: 0.2%▼ -0.3 percentage points vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.3%▲ +0.1 percentage points vs 08-2026 10-2026: 0.2%▼ -0.1 percentage points vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €22,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.46 (4.73 in 2025), above the usual 1.5. Short-term debt is 10.6% and cash 3.7% of total assets. However, 86.4% of the assets are financed with debt and provisions.
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 70, micro). It does better than 19% of them on solvency, 44% on liquidity, 26% on profitability and 46% 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.

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 · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €1.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2026 (filed on 03-10-2026)
NBB · annual accounts
raises risk · Equity €262,092 (13.6% of total assets)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1382 sector peers (2026).
NBB · sector comparison
Position among 1382 sector peers
Solvency
better than 15%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 29-09-2026, 32 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
32 days early
2025
22 days early
2024
20 days early
2023
32 days early
2022
33 days early
2021
25 days early
2020
33 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 29 September (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 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2026, micro format

Annual accounts 2026 filed on 29-09-2026 at the NBB all 17 filings

Turnover
≈ €280,000
Estimated: probably between €240,000 and €330,000
Total assets
€1.9m▼ 5.8%
2025 · €2.0m
Net result
€50,350▲ 7.1%
2025 · €47,011
Working capital
€704,665▼ 8.3%
2025 · €768,286
Multi-year overview
2019 to 2026, 8 financial years
Operating result
€89,053
▲ 10.9% 2026
20192026
Net result
€50,350
▲ 7.1% 2026
20192026
Equity
€262,092
▲ 2.1% 2026
20192026
Total assets
€1.9m
▼ 5.8% 2026
20192026
Debt
€1.6m
▼ 6.9% 2026
20192026
Working capital
€704,665
▼ 8.3% 2026
20192026
Solvency
13.6%
▲ 1.1pp 2026
20192026
Current ratio
4.46
▼ 0.26 2026
20192026
Return on assets (ROA)
2.6%
▲ 0.3pp 2026
20192026
Staff (FTE)
no figure
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€0.1m-€0.1m▲ 23.3%€0.03m▼ 75.4%€0.03m▲ 1.6%€0.06m▲ 117%€0.04m▼ 43.0%€0.08m▲ 121%€0.09m▲ 10.9%
Net result€0.07m-€0.07m▲ 11.5%€0.009mwithin the sector's middle half▼ 88.3%€0.009mwithin the sector's middle half▲ 6.7%€0.03mwithin the sector's middle half▲ 263%€0.02mwithin the sector's middle half▼ 40.0%€0.05mwithin the sector's middle half▲ 134%€0.05m▲ 7.1%
Equity€0.1m-€0.2m▲ 42.6%€0.2mwithin the sector's middle half▲ 5.4%€0.2mwithin the sector's middle half▼ 6.5%€0.2mwithin the sector's middle half▲ 21.2%€0.2mwithin the sector's middle half▲ 9.5%€0.3mabove the sector's middle half▲ 22.4%€0.3m▲ 2.1%
Total assets€1.2m-€1.2m▼ 0.1%€1.4mwithin the sector's middle half▲ 21.3%€1.3mabove the sector's middle half▼ 8.7%€1.2mabove the sector's middle half▼ 5.0%€1.7mabove the sector's middle half▲ 35.0%€2.0mabove the sector's middle half▲ 22.5%€1.9m▼ 5.8%
Debt€1.1m-€1.0m▼ 4.7%€1.2m▲ 24.1%€1.1m▼ 9.1%€1.0m▼ 8.6%€1.4m▲ 40.0%€1.8m▲ 22.4%€1.6m▼ 6.9%
Working capital€0.3m-€0.3m▲ 4.7%€0.5mabove the sector's middle half▲ 49.5%€0.4mabove the sector's middle half▼ 17.4%€0.4mabove the sector's middle half▼ 5.4%€0.6mabove the sector's middle half▲ 52.5%€0.8mabove the sector's middle half▲ 34.8%€0.7m▼ 8.3%
Solvency9.6%-13.7%▲ 4.1pp11.9%below the sector's middle half▼ 1.8pp12.2%below the sector's middle half▲ 0.3pp15.5%below the sector's middle half▲ 3.4pp12.6%below the sector's middle half▼ 2.9pp12.6%below the sector's middle half=13.6%▲ 1.1pp
Current ratio3.31-3.08▼ 0.234.76above the sector's middle half▲ 1.674.13within the sector's middle half▼ 0.633.93within the sector's middle half▼ 0.194.94above the sector's middle half▲ 1.004.73above the sector's middle half▼ 0.214.46▼ 0.26
Return on assets (ROA)5.6%-6.3%▲ 0.7pp0.6%within the sector's middle half▼ 5.7pp0.7%below the sector's middle half▲ 0.1pp2.7%within the sector's middle half▲ 2.0pp1.2%below the sector's middle half▼ 1.5pp2.3%below the sector's middle half▲ 1.1pp2.6%▲ 0.3pp
Staff (FTE)0.5-0.5=0.2below the sector's middle half▼ 60.0%
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 2026 is 11% higher than in 2025 and the highest since 2022. It is the second rise in a row, after the fall in 2024.

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
2026 in colour, 2025 as the grey bar beneath
Assets €1.9m
Fixed assets €1.0m ▼ 4.8%
Current assets €908,224 ▼ 6.8%
Equity and liabilities €1.9m
Equity €262,092 ▲ 2.1%
Provisions €9,986 ▼ 5.9%
Debt €1.6m ▼ 6.9%
Debt's share of the balance-sheet total falls from 86.9% to 85.8%. Equity is higher and debt is lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€156,863▼
2025 · €195,295
Cash flow
€118,160▼
2025 · €161,980
Debt to equity
6.29▼
2025 · 6.90
ROE
19.2%▲
2025 · 18.3%
Interest coverage
4.12▼
2025 · 5.24
Debt ≤ 1 year
€203,559▼
2025 · €206,159
Debt > 1 year
€1.4m▼
2025 · €1.6m
Income taxes
€21,933▲
2025 · €12,544
Staff costs
€0
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Securities and guarantees

on own assets and for others
Item31-03-202231-03-202331-03-202431-03-202531-03-2026
Mortgages, amount registered€100,000€100,000---
Mortgage mandates€1.4m€1.4m---
Carrying value of the mortgaged assets€735,616€695,672---

Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item31-03-202231-03-202331-03-202431-03-202531-03-2026
Tangible fixed assets€14,014€7,151€322,459€358,297€16,247
Financial fixed assets---€225€0
Depreciation and write-downs of the year€54,007€50,931€104,782€114,969€67,810

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 65 lines
Balance sheet Code20252026
Assets
Total assets20/58€2.0m€1.9m▼
Fixed assets21/28€1.1m€1.0m▼
Tangible fixed assets22/27€1.1m€1.0m▼
Land and buildings22€1.0m€1.0m▼
Plant, machinery and equipment23€0.02m€0.01m▼
Furniture and vehicles24€0.02m€0.02m▼
Other tangible fixed assets26€0.003m€0.003m=
Financial fixed assets28€225€225=
Current assets29/58€1.0m€0.9m▼
Amounts receivable after more than one year29€0.7m€0.7m▼
Other amounts receivable291€0.7m€0.7m▼
Amounts receivable within one year40/41€0.07m€0.2m▲
Trade receivables40€0.002m€0.1m▲
Other amounts receivable41€0.07m€0.07m▼
Current investments50/53€0.05m€0▼
Cash at bank and in hand54/58€0.1m€0.07m▼
Deferred charges and accrued income490/1€0.01m€0.009m▼
Equity and liabilities
Total equity and liabilities10/49€2.0m€1.9m▼
Equity10/15€0.3m€0.3m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.2m€0.2m▲
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Tax-exempt reserves132€0.04m€0.04m▼
Distributable reserves133€0.2m€0.2m▲
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€0.01m€0.01m▼
Deferred taxes168€0.01m€0.01m▼
Amounts payable17/49€1.8m€1.6m▼
Amounts payable after more than one year17€1.6m€1.4m▼
Financial debts170/4€1.6m€1.4m▼
Amounts payable within one year42/48€0.2m€0.2m▼
Current portion of amounts payable after more than one year42€0.1m€0.1m▼
Trade debts44€0.03m€0.04m▲
Suppliers440/4€0.03m€0.04m▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€0.04m€0.04m▼
Taxes450/3€0.04m€0.04m▼
Other amounts payable47/48€0.001m€0.005m▲
Accrued charges and deferred income492/3€0€0.001m▲
Income statement Code20252026
Non-recurring operating income76A€0.03m€0▼
Remuneration, social security and pensions62-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.07m▼
Other operating charges640/8€0.01m€0.01m▼
Gross operating margin9900€0.2m€0.2m▼
Operating profit (loss)9901€0.08m€0.09m▲
Financial income75/76B€0.02m€0.02m▲
Recurring financial income75€0.02m€0.02m▼
Non-recurring financial income76B-€0.002m
Financial charges65/66B€0.04m€0.04m▲
Recurring financial charges65€0.04m€0.04m▲
Profit (loss) for the period before taxes9903€0.06m€0.07m▲
Transfer from deferred taxes780€0.001m€0.001m▲
Transfer to deferred taxes680€0.004m€0▼
Income taxes67/77€0.01m€0.02m▲
Profit (loss) for the period9904€0.05m€0.05m▲
Transfer from tax-exempt reserves789€0.002m€0.002m▲
Transfer to tax-exempt reserves689€0.02m€0▼
Profit (loss) for the period to be appropriated9905€0.03m€0.05m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.03m€0.05m▲
Transfer from equity791/2-€0.05m
Transfer to equity691/2€0.03m€0.05m▲
To other reserves6921€0.03m€0.05m▲
Profit to be distributed694/7-€0.05m
Return on contributions (dividend)694-€0.05m

The notes to these accounts have 15 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 2026 at the NBB, filed on 29-09-2026.

Line20192020202120222023202420252026Change
Non-recurring operating income76A------€26,141€0▼ 100%
Remuneration, social security and pensions62-----€337€0-€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77,221€57,453€57,652€54,007€50,931€104,782€114,969€67,810▼ 41.0%
Other operating charges640/8---€9,731€11,863€9,553€10,334€9,711▼ 6.0%
Gross operating margin9900€222,605€208,851€119,977€93,077€126,074€150,624€205,629€166,574▼ 19.0%
Operating profit (loss)9901€95,329€117,535€28,889€29,339€63,617€36,288€80,326€89,053▲ 10.9%
Financial income75/76B---€6,406€5,023€14,308€20,389€20,636▲ 1.2%
Recurring financial income75€9,417€9,130€13,182€6,406€5,023€14,308€20,389€18,580▼ 8.9%
Non-recurring financial income76B-------€2,056-
Financial charges65/66B---€18,905€17,747€25,073€37,262€38,033▲ 2.1%
Recurring financial charges65€14,359€20,193€28,128€18,905€17,747€25,073€37,262€38,033▲ 2.1%
Profit (loss) for the period before taxes9903€90,388€106,472€13,943€16,840€50,893€25,523€63,454€71,655▲ 12.9%
Transfer from deferred taxes780---€480€480€2,351€541€628▲ 16.1%
Transfer to deferred taxes680------€4,439€0▼ 100%
Income taxes67/77€15,045€33,106€5,779€8,095€17,846€7,769€12,544€21,933▲ 74.9%
Profit (loss) for the period9904€66,229€73,846€8,644€9,225€33,527€20,106€47,011€50,350▲ 7.1%
Transfer from tax-exempt reserves789---€1,872€1,872-€2,116€2,464▲ 16.4%
Transfer to tax-exempt reserves689------€17,758€0▼ 100%
Profit (loss) for the period to be appropriated9905€30,669€75,717€10,516€11,097€35,398€20,106€31,370€52,813▲ 68.4%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€1.2m€1.2m€1.4m€1.3m€1.2m€1.7m€2.0m€1.9m▼ 5.8%
Fixed assets21/28€0.7m€0.7m€0.8m€0.8m€0.7m€0.9m€1.1m€1.0m▼ 4.8%
Intangible fixed assets21€0.02m€0.02m€0.008m€0.001m-----
Tangible fixed assets22/27€0.7m€0.7m€0.8m€0.8m€0.7m€0.9m€1.1m€1.0m▼ 4.8%
Land and buildings22---€0.7m€0.7m€0.9m€1.0m€1.0m▼ 4.2%
Plant, machinery and equipment23---€0.03m€0.02m€0.03m€0.02m€0.01m▼ 36.3%
Furniture and vehicles24---€0.007m€0.01m€0.02m€0.02m€0.02m▼ 7.1%
Other tangible fixed assets26------€0.003m€0.003m=
Financial fixed assets28------€225€225=
Current assets29/58€0.4m€0.5m€0.6m€0.5m€0.5m€0.7m€1.0m€0.9m▼ 6.8%
Amounts receivable after more than one year29---€0.3m€0.3m€0.5m€0.7m€0.7m▼ 5.5%
Other amounts receivable291---€0.3m€0.3m€0.5m€0.7m€0.7m▼ 5.5%
Amounts receivable within one year40/41€0.04m€0.09m€0.09m€0.05m€0.05m€0.06m€0.07m€0.2m▲ 140%
Trade receivables40----€0.002m€0.01m€0.002m€0.1m▲ 55×
Other amounts receivable41---€0.05m€0.05m€0.05m€0.07m€0.07m▼ 0.8%
Current investments50/53-----€0.05m€0.05m€0▼ 100%
Cash at bank and in hand54/58€0.1m€0.2m€0.1m€0.1m€0.1m€0.08m€0.1m€0.07m▼ 49.6%
Deferred charges and accrued income490/1---€0.01m€0.01m€0.02m€0.01m€0.009m▼ 16.6%
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.2m€1.4m€1.3m€1.2m€1.7m€2.0m€1.9m▼ 5.8%
Equity10/15€0.1m€0.2m€0.2m€0.2m€0.2m€0.2m€0.3m€0.3m▲ 2.1%
Contributions10/11€0.02m€0.02m-€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.09m€0.1m€0.2m€0.1m€0.2m€0.2m€0.2m€0.2m▲ 2.2%
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m€0.002m=
Reserves not available under the articles1311---€0.002m€0.002m€0.002m€0.002m€0.002m=
Tax-exempt reserves132---€0.03m€0.03m€0.03m€0.04m€0.04m▼ 5.9%
Distributable reserves133---€0.1m€0.1m€0.2m€0.2m€0.2m▲ 4.0%
Profit (loss) carried forward14-------€0-
Provisions and deferred taxes16€0.009m€0.009m€0.008m€0.008m€0.007m€0.007m€0.01m€0.01m▼ 5.9%
Deferred taxes168---€0.008m€0.007m€0.007m€0.01m€0.01m▼ 5.9%
Amounts payable17/49€1.1m€1.0m€1.2m€1.1m€1.0m€1.4m€1.8m€1.6m▼ 6.9%
Amounts payable after more than one year17€0.9m€0.8m€1.1m€1.0m€0.9m€1.3m€1.6m€1.4m▼ 7.7%
Financial debts170/4---€1.0m€0.9m€1.3m€1.6m€1.4m▼ 7.7%
Amounts payable within one year42/48€0.1m€0.2m€0.1m€0.1m€0.1m€0.1m€0.2m€0.2m▼ 1.3%
Current portion of amounts payable after more than one year42---€0.1m€0.1m€0.1m€0.1m€0.1m▼ 5.7%
Trade debts44€0.03m€0.03m€0.01m€0.007m€0.008m€0.02m€0.03m€0.04m▲ 6.7%
Suppliers440/4---€0.007m€0.008m€0.02m€0.03m€0.04m▲ 6.7%
Advances received on contracts in progress46---€0.003m-€0.001m€0--
Taxes, remuneration and social security45---€0.01m€0.02m€0.02m€0.04m€0.04m▼ 5.0%
Taxes450/3---€0.01m€0.02m€0.02m€0.04m€0.04m▼ 5.0%
Other amounts payable47/48---€0.002m€0.003m€0.003m€0.001m€0.005m▲ 888%
Accrued charges and deferred income492/3---€0.007m€0.007m€0.008m€0€0.001m-
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€66,229€73,846€8,644€9,225€33,527€20,106€47,011€50,350▲ 7.1%
+ Depreciation and write-downs630€77,221€57,453€57,652€54,007€50,931€104,782€114,969€67,810▼ 41.0%
Operating cash flow (approximation)€143,450€131,299€66,296€63,232€84,457€124,888€161,980€118,160▼ 27.1%
Investment in fixed assets (approximation)--€19,924-€174,836-€14,014-€7,151-€322,459-€230,232-€16,247▲ 92.9%
Change in cash-€3,697-€4,746-€3,035€19-€64,864€62,738-€70,545-

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, 4,107 companies had the same profile as FunQ has now. Two years later, 98.0% were still going and 1.0% had gone bankrupt.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
98.0% was still going
0.9% stopped otherwise
1.0% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of FunQ itself: 0.2% within 12 months.

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 4,107 companies, not a prediction for FunQ. 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.

Latest 10 of 17 filings with the National Bank
Financial year Type Filed Reference Document
31-03-2026 micro format 29-09-2026 2026-00545034 PDF
31-03-2025 micro format 09-10-2025 2025-00537175 PDF
31-03-2024 micro format 11-10-2024 2024-00504288 PDF
31-03-2023 micro format 29-09-2023 2023-00458973 PDF
31-03-2022 micro format 28-09-2022 2022-20437641 PDF
31-03-2021 abbreviated format 06-10-2021 2021-71400451 PDF
31-03-2020 micro format 28-09-2020 2020-56400203 PDF
31-03-2019 micro format 01-10-2019 2019-68100268 PDF
31-03-2018 micro format 13-09-2018 2018-63100212 PDF
31-03-2017 micro format 30-10-2017 2017-68400157 PDF

Show all 17 filings

Board & ownership

Directors

Directors
1 director
Verfaillie Mathieu
Director · since 03-09-2020 · listed in the 2026 annual accounts, filed on 29-09-2026
Current

Owners and capital

Network & group

FunQ shares no director with another company.

Connections & network

1 current director
Depth

The network starts from the directors of FunQ. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2027 accounts: 31-10-2027
2026
29-09
NBB filing Annual accounts 2026 filedNBB
micro format · 32 days before the deadline
2025
09-10
NBB filing Annual accounts 2025 filedPDF
micro format · 22 days before the deadline
24-02
Gazette deed Registered office moved from Kortrijk to Koksijde
New seat: Willem Elsschotlaan 24 bus A, 8670 Koksijde (Sint-Idesbald) · Previous seat: Stasegemsestraat 131 bus A, 8500 Kortrijk2 points ▸
  • General meeting, 06-12-2024
  • Registered-office move, Willem Elsschotlaan 24 bus A, 8670 Koksijde (Sint-Idesbald)

Open the act in the Belgian Official Gazette

2024
11-10
NBB filing Annual accounts 2024 filedPDF
micro format · 20 days before the deadline
31-03
Financial Equity above €200,000equity €209,731 ▲9.5%
With a profit in every financial year since 2019, equity grows to €209,731.
2023
29-09
NBB filing Annual accounts 2023 filedPDF
micro format · 32 days before the deadline
2022
28-09
NBB filing Annual accounts 2022 filedPDF
micro format · 33 days before the deadline
2021
06-10
NBB filing Annual accounts 2021 filedPDF
abbreviated format · 25 days before the deadline
31-03
Financial Weakest financial yearnet €8,644 ▼88.3%
The net result drops to €8,644, the lowest from 2019 to 2026. It recovers the following year.
2020
28-09
NBB filing Annual accounts 2020 filedPDF
micro format · 33 days before the deadline
31-03
Financial Highest result from 2019 to 2026net €73,846 ▲11.5%
The operating result of €117,535 and the net result of €73,846 are both a record.
31-03
Financial Equity above €150,000equity €160,255 ▲42.6%
With a profit in every financial year since 2019, equity grows to €160,255.
Show earlier events
2019
01-10
NBB filing Annual accounts 2019 filedPDF
micro format · 30 days before the deadline
2018
13-09
NBB filing Annual accounts 2018 filedPDF
micro format · 48 days before the deadline
2017
30-10
NBB filing Annual accounts 2017 filedPDF
micro format · 1 day before the deadline
2008
30-09
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

FunQ was incorporated on 22 September 2008.1 The registered office was moved to Koksijde in 2025.2 Total assets rose from €1.2m in 2019 to €1.9m in 2026 and headcount from 0.5 full-time equivalents in 2019 to 0.2 in 2021.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 24-02-2025
  3. 3National Bank, annual accounts 2019, 2021 and 2026

Company details

Register details

Identity

KBO record
Name FunQ in Dutch
Enterprise number 0806.496.701
Legal form Private limited company
Status Active, normale toestand
Founded 22-09-2008
Entity type Legal entity

Registered office and establishments

Registered office Willem Elsschotlaan 24, 8670 Koksijde, Belgium
1 former office
  • Stasegemsestraat 131 bus, 8500 Kortrijk until 06-12-2024 · act of 24-02-2025
Establishment unit Stasegemsestraat 131, 8500 Kortrijk since 17-09-2008 · unit number 2.192.123.487

Activities

NACEBEL 2025
70200 Business and other management consultancy main activity
68110 Buying and selling of own real estate
69101 Activities of lawyers
69109 Other legal services
90201 Performing arts by independent artists
Codes under NACEBEL 2008
70220 Business consulting main activity
68100 Real estate activities
69101 Activities of lawyers
69109 Other legal services
90011 Arts creation and performing arts activities
Joint committee 336 Paritair Comité voor de vrije beroepen annual accounts 31-03-2023

Invoicing and payment

VAT number BE 0806.496.701
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0806496701
Other Peppol ID 9925:BE0806496701
Registered 30-01-2025

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

Register as of 4 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-03

Environmental permits

2 applications in Flanders since 2022 · 1 granted · 1 refused
Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie
Granted on 27-02-2023submitted 08-11-2022authority: Koksijdeproject 2022148118
Bouwen of herbouwen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen
Refused on 19-01-2023submitted 14-03-2022authority: Provincie West-Vlaanderenproject 2022035177

Source: Omgevingsloket Vlaanderen.

Sites & property

Location
registered office establishment The establishment unit on the map

Buildings and parcels at the addresses

Ground area
4,088 m²
Building footprint
2,470 m²
Building volume
37,745 m³
Tallest building: 20.8 m.
Cadastral parcel Region Area Buildings Height / floors
34353B0085/00X032 Flanders 3,485 m² 1 · 2,352 m² 20.8 m · 5
38343A0564/00S000 Flanders 603 m² 1 · 117 m² 8.2 m · 2