FunCAV
ActiveSummary
FunCAV has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €257k and a net result of €41k. Equity is growing by ~27.7% per year across the filed fiscal years. Its solvency ranks better than 92% of 2464 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 13.19 against 8.38 in 2023; short-term debt: 7% and cash: 80.9% of total assets), and 7.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% 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
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 22-07-2025, 9 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
33 d early
2022
38 d early
2021
26 d late
2020
31 d late
2019
55 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€257k▲ 18.9%
2023 · €216k
2019: €70k
2020: €68k▼ -2.8% vs 2019lowest in 6 years
2021: €119k▲ +74.7% vs 2020
2022: €176k▲ +48.2% vs 2021
2023: €216k▲ +22.8% vs 2022
2024: €257k▲ +18.9% vs 2023highest in 6 years
2019 → 2024
Total assets
€278k▲ 14.3%
2023 · €243k
2019: €100klowest in 6 years
2020: €101k▲ +1.5% vs 2019
2021: €150k▲ +48.0% vs 2020
2022: €219k▲ +45.7% vs 2021
2023: €243k▲ +11.2% vs 2022
2024: €278k▲ +14.3% vs 2023highest in 6 years
2019 → 2024
Net result
€41k▲ 1.5%
2023 · €40k
2019: €64khighest in 6 years
2020: €-2k▼ -103% vs 2019lowest in 6 years
2021: €51k▲ +2665% vs 2020
2022: €57k▲ +12.8% vs 2021
2023: €40k▼ -29.8% vs 2022
2024: €41k▲ +1.5% vs 2023
2019 → 2024
Working capital
€238k▲ 23.2%
2023 · €193k
2019: €60k
2020: €53k▼ -10.7% vs 2019lowest in 6 years
2021: €109k▲ +104% vs 2020
2022: €166k▲ +52.6% vs 2021
2023: €193k▲ +16.3% vs 2022
2024: €238k▲ +23.2% vs 2023highest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€68k-€119k▲ 74.7%€176k▲ 48.2%€216k▲ 22.8%€257k▲ 18.9%
2020: €68klowest in 5 years
2021: €119k▲ +74.7% vs 2020
2022: €176k▲ +48.2% vs 2021
2023: €216k▲ +22.8% vs 2022
2024: €257k▲ +18.9% vs 2023highest in 5 years
Operating result€-2k-€69k€79k▲ 14.8%€56k▼ 29.2%€57k▲ 1.3%
2020: €-2klowest in 5 years
2021: €69k▲ +3617% vs 2020
2022: €79k▲ +14.8% vs 2021highest in 5 years
2023: €56k▼ -29.2% vs 2022
2024: €57k▲ +1.3% vs 2023
Net result€-2k-€51k€57k▲ 12.8%€40k▼ 29.8%€41k▲ 1.5%
2020: €-2klowest in 5 years
2021: €51k▲ +2665% vs 2020
2022: €57k▲ +12.8% vs 2021highest in 5 years
2023: €40k▼ -29.8% vs 2022
2024: €41k▲ +1.5% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €278k
Fixed assets
€20k ▼ 14.6%
Current assets
€258k ▲ 17.4%
Equity and liabilities €278k
Equity
€257k ▲ 18.9%
Debt
€21k ▼ 22.1%
Debt's share of the balance-sheet total falls from 11.0% to 7.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64k▲
2023 · €61k
Cash flow
€48k▲
2023 · €45k
Current ratio
13.19▲
2023 · 8.38
Debt to equity
0.08▼
2023 · 0.12
ROE
15.9%▼
2023 · 18.6%
ROA
14.7%▼
2023 · 16.5%
Interest coverage
106.21▲
2023 · 80.10
Debt ≤ 1 year
€20k▼
2023 · €26k
Income taxes
€16k▲
2023 · €15k
Staff costs
€494▼
2023 · €671
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€243k€278k▲
Fixed assets21/28€23k€20k▼
Tangible fixed assets22/27€23k€20k▼
Land and buildings22€6k€5k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€15k€13k▼
Current assets29/58€220k€258k▲
Amounts receivable within one year40/41€54k€30k▼
Trade receivables40€53k€30k▼
Other amounts receivable41€675€168▼
Cash at bank and in hand54/58€162k€225k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€243k€278k▲
Equity10/15€216k€257k▲
Contributions10/11€6k€6k=
Reserves13€210k€251k▲
Distributable reserves133€210k€251k▲
Amounts payable17/49€27k€21k▼
Amounts payable within one year42/48€26k€20k▼
Financial debts43€251€424▲
Other loans439€251€424▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€19k€12k▼
Taxes450/3€19k€12k▼
Other amounts payable47/48€4k€4k▼
Accrued charges and deferred income492/3€636€1k▲
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€671€494▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲
Other operating charges640/8€1k€765▼
Gross operating margin9900€63k€65k▲
Operating profit (loss)9901€56k€57k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€761€600▼
Recurring financial charges65€761€600▼
Profit (loss) for the period before taxes9903€55k€56k▲
Income taxes67/77€15k€16k▲
Profit (loss) for the period9904€40k€41k▲
Profit (loss) for the period to be appropriated9905€40k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€41k▲
Transfer to equity691/2€40k€41k▲
To other reserves6921€40k€41k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4k | €0 | - | - |
| Remuneration, social security and pensions62 | - | €412 | €622 | €671 | €494 | ▼ 26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €2k | €5k | €7k | ▲ 43.4% |
| Other operating charges640/8 | - | €602 | €554 | €1k | €765 | ▼ 30.4% |
| Gross operating margin9900 | €4k | €75k | €83k | €63k | €65k | ▲ 3.6% |
| Operating profit (loss)9901 | €-2k | €69k | €79k | €56k | €57k | ▲ 1.3% |
| Financial income75/76B | - | €5 | €12 | €0 | €0 | - |
| Recurring financial income75 | €14 | €5 | €12 | €0 | €0 | - |
| Financial charges65/66B | - | €367 | €349 | €761 | €600 | ▼ 21.2% |
| Recurring financial charges65 | €28 | €367 | €349 | €761 | €600 | ▼ 21.2% |
| Profit (loss) for the period before taxes9903 | €-2k | €69k | €79k | €55k | €56k | ▲ 1.6% |
| Income taxes67/77 | €0 | €18k | €22k | €15k | €16k | ▲ 1.8% |
| Profit (loss) for the period9904 | €-2k | €51k | €57k | €40k | €41k | ▲ 1.5% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €51k | €57k | €40k | €41k | ▲ 1.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101k | €150k | €219k | €243k | €278k | ▲ 14.3% |
| Fixed assets21/28 | €15k | €10k | €10k | €23k | €20k | ▼ 14.6% |
| Tangible fixed assets22/27 | €15k | €10k | €10k | €23k | €20k | ▼ 14.6% |
| Land and buildings22 | - | €8k | €7k | €6k | €5k | ▼ 14.7% |
| Plant, machinery and equipment23 | - | €236 | €0 | €2k | €2k | ▼ 26.8% |
| Furniture and vehicles24 | - | €2k | €3k | €15k | €13k | ▼ 12.9% |
| Current assets29/58 | €87k | €140k | €209k | €220k | €258k | ▲ 17.4% |
| Amounts receivable within one year40/41 | €7k | €40k | €45k | €54k | €30k | ▼ 44.4% |
| Trade receivables40 | - | €39k | €39k | €53k | €30k | ▼ 44.0% |
| Other amounts receivable41 | - | €938 | €5k | €675 | €168 | ▼ 75.1% |
| Cash at bank and in hand54/58 | €76k | €99k | €163k | €162k | €225k | ▲ 38.9% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €4k | €3k | ▼ 19.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101k | €150k | €219k | €243k | €278k | ▲ 14.3% |
| Equity10/15 | €68k | €119k | €176k | €216k | €257k | ▲ 18.9% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €64k | €113k | €170k | €210k | €251k | ▲ 19.4% |
| Distributable reserves133 | - | €113k | €170k | €210k | €251k | ▲ 19.4% |
| Profit (loss) carried forward14 | €-2k | €0 | - | - | - | - |
| Amounts payable17/49 | €33k | €31k | €43k | €27k | €21k | ▼ 22.1% |
| Amounts payable within one year42/48 | €33k | €31k | €43k | €26k | €20k | ▼ 25.4% |
| Financial debts43 | - | €1k | €67 | €251 | €424 | ▲ 69.2% |
| Credit institutions430/8 | - | €1k | - | - | - | - |
| Other loans439 | - | - | €67 | €251 | €424 | ▲ 69.2% |
| Trade debts44 | €2k | €581 | €3k | €2k | €2k | ▲ 15.1% |
| Suppliers440/4 | - | €581 | €3k | €2k | €2k | ▲ 15.1% |
| Taxes, remuneration and social security45 | - | €21k | €31k | €19k | €12k | ▼ 36.0% |
| Taxes450/3 | - | €21k | €31k | €19k | €12k | ▼ 36.0% |
| Other amounts payable47/48 | - | €8k | €8k | €4k | €4k | ▼ 3.2% |
| Accrued charges and deferred income492/3 | - | - | - | €636 | €1k | ▲ 115% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €51k | €57k | €40k | €41k | ▲ 1.5% |
| + Depreciation and write-downs630 | €5k | €5k | €2k | €5k | €7k | ▲ 43.4% |
| Operating cash flow (approximation) | €3k | €56k | €59k | €45k | €48k | ▲ 5.9% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-19k | €-3k | ▲ 81.7% |
| Change in cash | - | €23k | €63k | €-871 | €63k | ▲ 7,331% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €216k ▲22.8%
3 profitable years in a row build equity to €216k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €176k ▲48.2%
2 profitable years in a row build equity to €176k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
31-12
Financial
Equity above €100kEq €119k ▲74.7%
Equity rises from €68k to €119k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Houthalen-Helchteren · 1 establishment unit since 2018
Ground area
1,327 m²
Building footprint
126 m²
Volume, LiDAR
766 m³
Parcel 72015B0373/00P000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FunCAV
since 20182.277.538.125
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72015B0373/00P000 | Flanders | 1,326 m² | 1 · 126 m² | 9.4 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 845 EUR awarded · 845 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 845 EUR | 845 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,393 companies in sector 90393 we hold annual accounts for 939. 693 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
Founded03-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
47690Retail sale of other cultural and recreation goods
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
59201Sound recording
82990Other business support services
90120Visual arts creation
Scores and ratios are computed by Checked and are not a credit decision.