Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
86 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Funecare from Leuven, company number BE0819998408, closed financial year 2025 with a result of € -3.1 million after tax. For that financial year Funecare recorded revenue of € 14 million and equity of € 3 million. Compared with financial year 2024, the result moved from € -3.9 million to € -3.1 million. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 3 million
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.1 million
▲ 19 % less loss than in 2024
Profit after tax over the fiscal year.
€ 609,145
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9.1 million.
People and assets in 2025
62.7
▲ 6.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.4 million
▲ 22% vs 2024
€ 69,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 136,701
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 22.5 million
▼ 4% vs 2024
€ 3.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 1.1 million
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.
€ 710,054
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 12,437,522 | € 13,995,996 | ▲ 13% |
| Gross margin | € 2,950,283 | € 3,143,965 | - | - | |
| Profit after taxes | € -2,265,940 | € -2,176,774 | € -3,855,332 | € -3,112,447 | ▲ € 742,885 |
| Equity | € 5,077,001 | € 4,638,624 | € 3,312,442 | € 2,966,776 | ▼ 10% |
| Total debts | € 15,465,084 | € 17,762,137 | € 26,610,262 | € 25,980,452 | ▼ 2% |
| Cash | € 1,198,993 | € 2,830,345 | € 609,058 | € 609,145 | |
| Retained profit | € -1,278 | € -2,178,052 | € -6,033,384 | € -9,145,831 | ▼ € 3.1 million |
| Bank debt | € 13,768,517 | € 15,707,945 | € 23,335,503 | € 22,503,769 | ▼ 4% |
| Balance sheet total | € 20,542,085 | € 22,400,761 | € 29,922,704 | € 28,947,227 | ▼ 3% |
| Employees (FTE) | 40.2 | 46.9 | 56.2 | 62.7 | ▲ 6.5 |
Key figures of Funecare, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Funecare?
What happened at Funecare in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tandem Management BV stepped down as director. NBB
- Funecap Holding SAS stepped down as director. NBB
- E-Capital Equity Management CV stepped down as director. NBB
- LRM Beheer NV stepped down as director. NBB
- Jean-Valéry Duprez stepped down as director. NBB
- Frédéric Cambie stepped down as director. NBB
- New establishment in Meerhout. KBO
- New establishment in Ninove. KBO
In short
From € 2.3 million loss in 2022 to € 3.1 million loss in 2025.
Paid € 38,823 in corporate taxes since 2022.
On average € 67,000 of value added per employee in 2023.
Pays suppliers within 41 days on average.
Management
The stake of LIMBURGSE RECONVERSIE MAATSCHAPPIJ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FunecareThe shares are held by LIMBURGSE RECONVERSIE MAATSCHAPPIJ (16.7%). It owns 100% of Lofma NV, 100% of Papillon Uitvaartzorg BV, 100% of Coja BV, 100% of Schillebeeckx A. BV and 100% of Rouwcentrum Theunissen BV itself.
Directors
According to the 2025 annual accounts
E-Capital Equity Management CV
Director · represented by Jérôme LAMFALUSSY
Also active at: GOLDIE, GARDEN CENTER HOLDING, PRICAP INVEST, Discovery Holding, GARDEN CENTER VISION, Garden Vision Entrepreneurs, E-CAPITAL II
since 2019 · until 2026
Director · represented by Dries EVENS
Also active at: Transport Marcel Depaire, Trafuco, Beltra - B, MIJNSCHADE EN BEMALING LIMBURGS MIJNGEBIED, BlooLoc, be-DIVE, LRM Lease, RMW +62 more
since 2019 · until 2026
Director · represented by Thierry GISSEROT
since 2023 · until 2029
Director · represented by Simon DE PATOUL
Also active at: Natixis Partners Belgium, Discovery Holding
since 2023 · until 2029
Jean-Valéry Duprez
Director
since 2019 · until 2026
Frédéric Cambie
Director
Also active at: Rouwcenter De Backer - Put, LOFMA, VANHOOF BEGRAFENISSEN - CREMATIES, COJA, SCHILLEBEECKX A., MAISON CORNET, PAPILLON UITVAARTZORG, Uitvaartzorg De Wending +3 more
since 2019 · until 2026
Shareholders
Participations
100%
100%
100%
Establishments
Establishment units
Physical locations of this company
Philipssite 5 box 1
3001 Leuven
Turnhoutsebaan 59
2400 Mol
Active since 30 June 1992
Rue Pirka(AMA) 21 B
4540 Amay
Active since 6 February 2002
Provincieweg 132
9552 Herzele
Active since 1 December 2021
Kleine Steenstraat 27
9420 Erpe-Mere
Active since 1 December 2021
Visé Voie 486
4041 Herstal
Active since 1 December 2021
Advocaat de Backerstraat(DE) 7
9450 Haaltert
Active since 1 December 2021
Dorpsstraat(STL) 54
9980 Sint-Laureins
Active since 1 December 2021
Stoepestraat 21
9960 Assenede
Active since 1 December 2021
Rue du Palais 41
4400 Flémalle
Active since 1 December 2021
Rue Walthère Jamar 206
4430 Ans
Active since 1 December 2021
Rue de l'Eglise 26
4450 Juprelle
Active since 1 December 2021
Rue Reine Astrid 44
4432 Ans
Active since 1 December 2021
Rue Rond du Roi Albert 1
4340 Awans
Active since 1 December 2021
Avenue de la Chapelle 18
4400 Flémalle
Active since 1 December 2021
Rue Ant. Delville 146
4101 Seraing
Active since 1 December 2021
Rue des Ecoles 1
4340 Awans
Active since 1 December 2021
Montagne Sainte-Walburge 325
4000 Liège
Active since 1 December 2021
Place du Village 4
4400 Flémalle
Active since 1 December 2021
Drakenhoflaan 21 box .
2100 Antwerpen
Active since 1 December 2021
Vrijwilligersstraat 59
2650 Edegem
Active since 1 December 2021
Rue de la Croix Rouge(ENG) 16
4480 Engis
Active since 1 December 2021
Rue de l'Hôtel Communal 6
4460 Grâce-Hollogne
Active since 1 December 2021
Stationsstraat(HA) 13
9450 Haaltert
Active since 1 December 2021
Rue Léon-Troclet 13
4000 Liège
Active since 1 December 2021
Rue de Hollogne 35
4460 Grâce-Hollogne
Active since 1 December 2021
Pervijzestraat 37
2600 Antwerpen
Active since 1 December 2021
Halveweg 32/A
3520 Zonhoven
Active since 1 December 2021
Rue Adrien Materne 14
4460 Grâce-Hollogne
Active since 1 December 2021
Chaussée d' Ivoz(IVR) 3
4400 Flémalle
Active since 1 December 2021
Rue du Cimétière 24
4470 Saint-Georges-sur-Meuse
Active since 1 December 2021
Hundelgemsesteenweg 381
9820 Merelbeke-Melle
Active since 5 April 2023
Papiermolenstraat 117
9500 Geraardsbergen
Active since 6 September 2023
Ruitersdreef 1
9090 Merelbeke-Melle
Active since 1 December 2023
Hillestraat 30
9991 Maldegem
Active since 1 December 2023
Limburgstraat 58 box /
9000 Gent
Active since 1 December 2023
Veldstraat 18-20
2450 Meerhout
Active since 1 September 2026
Aalstersesteenweg 195
9400 Ninove
Active since 1 September 2026
Markt 15 - 17
2400 Mol
Active since 1 September 2026
Kontichsesteenweg 46
2630 Aartselaar
Active since 1 September 2026
Eikenstraat 51
2840 Rumst
Active since 1 September 2026
Sint-Jorispoort 13
2000 Antwerpen
Active since 1 September 2026
Laar 1
2630 Aartselaar
Active since 1 September 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 86 companies are registered at this address.
All companies at this address →Norgine
€ 19.1 million revenue · 2024
DRAKA BELGIUM
€ 3.4 million revenue · 2025
LOFMA same network
€ 1.8 million gross margin · 2025
G.I.M. - GEOGRAPHIC INFORMATION MANAGEMENT
€ 7.1 million revenue · 2025
ADVOCATENASSOCIATIE NELISSEN GRADE
€ 477,864 gross margin · 2025
+81 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0819.998.408
- VAT number
- BE 0819.998.408
- Registered office
- Philipssite 5 bus 1, 3001 Leuven
- Names & denominations
- Funecare
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 October 2009
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Uitvaartverzorging
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Groothandel in bouwmaterialen, algemeen assortiment
Detailhandel in bloemen, planten, zaden en kunstmeststoffen
Overige detailhandel in nieuwe artikelen neg
Catering van evenementen
Houwen, bewerken en afwerken van natuursteen
+4