Equity
€100,290 from €250,051 in 2007
Equity fell by 60% in 18 years.
Fundalys
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €84,420 (2023)
€68,617▲ 0.8%
lowest -€50,574 (2010)
-€11,962▼ €10,445
peak €250,051 (2007)
€100,290▼ 10.7%
€1.1m▲ 28.9%
Board3 names since 2016
1 directorChristophe LOOSVELDT
Documentsfilings and deeds
24-08-202624 days late
2025abbreviated format
Loss of €11,962Debts from €888,904 to €1.1mInvestments €297,361Cash from €14,405 to €19,022
Key points
from the 2025 annual accountsLosses
-€13,479 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€1.1m 92% of the balance sheet
Financial debts 46%Suppliers 1%Taxes and wages 1%Other 53%
Of this, €611,403 falls due within a year.
Investments
€297,361 4.7 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 50.0% higher than in 2024.
Filings
27 annual accounts since 1999
Eight of the last ten came late. The 2019 accounts came latest: 54 days after the end of the period.
Position in the sector
8.0%
Lower solvency than 86% of companies in head offices and management consultancy. Sector median 52.4% · 10,847 companies.
Checked score
90
Excellent
Financially stronger than 21% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,555 companies (NACE 70, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%▼ -0.1 percentage points vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.2 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €100,290 (8.0% of total assets)
Liquidity: current ratio 0.08, cash €19,022
lowers risk
Size: total assets €1.2m
Figures for financial year 2025 (filed on 24-08-2026)
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 15% of them on solvency, 12% on liquidity, 27% on profitability and 28% on growth.
The bankruptcy probability was computed on 06-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 1,104 companies had the same profile as Fundalys has now. Each dot stands for 3 companies, two years later.
94.3%
were still trading
3.5%
stopped another way
1.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Fundalys itself is lower: 0.1% within 12 months. It rests on far more data about Fundalys than the profile alone.
Test of the method
The method was tested on the 497,447 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.
| 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 1,104 companies, not a prediction for Fundalys. 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.
Credit verdict
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.08 (0.06 in 2024), below 1. Short-term debt is 49.1% and cash 1.5% of total assets. 92% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€11,962
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 10847 sector peers (2025).
NBB · sector comparisonPosition among 10847 sector peers
Solvency
better than 14%
← weakest
strongest →
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
24 days late
2024
3 days early
2023
27 days late
2022
28 days late
2021
6 days early
2020
10 days late
2019
54 days late
← 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 19 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0463800649
Company renamed from MIVETECH to Fundalys
Resignation: Griet POTTEAU (bestuurder en tevens gedelegeerd bestuurder) · Reappointment: Christophe LOOSVELDT (overblijvende enige bestuurder als niet statutaire enige bestuurder) · “1. de boekhouding en de boekhoudkundige diensten organiseren en advies verstrekken inzake de boekhoudkundige…” (deed in Dutch) · General meeting of 26-12-2023 · Gazette deed
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Kortrijk
1 director resigning, 2 reappointments
Resignation: Potteau Paul · Reappointments: Griet POTTEAU (managing director) and Christophe LOOSVELDT (managing director) · General meeting of 17-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Fundalys Kortrijk | €1.2m | €68,617 | 8.0% | - |
| ULYSSE Wevelgem | €1.4m | €70,366 | 31.8% | - |
| LEEN DE BELDER Ostend | €1.3m | €76,557 | 35.3% | - |
| KRIJA Zwevegem | €1.3m | €65,480 | 27.9% | - |
| Dipinvest Knokke-Heist | €1.2m | €73,391 | 30.0% | - |
| MANAGEMENT CONSULTING COMPANY Kortrijk | €1.5m | €68,077 | 76.3% | - |
| ZAKENKANTOOR D & V Roeselare | €1.1m | €84,130 | 30.7% | 1 |
These companies have the same main activity as Fundalys: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.1m and €1.5m, founded between 1994 and 2000.
Official details
Source: KBO- Status
- Active since 09-07-1998Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.088.094.1558501 Kortrijk, since 25-06-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 13-02-2024
Insights on Fundalys
Fundalys files the abbreviated format. That format states no turnover. The gross margin rose from €41,598 in 2006 to €68,617 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets.
In September 2022, the Official Gazette published the appointment of Christophe LOOSVELDT as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Fundalys
- What is the company number of Fundalys?
- The company number of Fundalys is 0463.800.649. The VAT number is the same number with BE in front: BE 0463.800.649.
- Where is Fundalys based?
- The registered office is at Koffiehoekstraat (Bis) 16, 8501 Kortrijk.Company details
- What does Fundalys do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of Fundalys?
- Fundalys is a public limited company (NV).
- When was Fundalys founded?
- Fundalys was founded on 09-07-1998.
- Is Fundalys still active?
- Yes, Fundalys is an active enterprise in the KBO register.
- What is the turnover of Fundalys?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €68,617 and 65 comparable companies (NACE 70200). It probably lies between €99,000 and €210,000.Financials
- Is Fundalys profitable?
- In financial year 2025, Fundalys made a loss of €11,962.
- Where can I find the annual accounts of Fundalys?
- Fundalys filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Fundalys due?
- Fundalys must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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