ACTIVE

Fund+

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Financial year 2025 · closed on 31/12/2025

Net result

-1,8 M €

-177.2% YoY

Gross margin

-1,3 M €

+31.8% YoY

Equity

124,0 M €

+2.3% YoY

Workforce

1,0 ETP

0.0% YoY

What does Fund+ do?

Fund+ is a Public limited company incorporated in 2015. Its main activity is: Trusts, funds and similar financial entities. Its registered office is in Leuven. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0629.896.521

Incorporation

07/05/2015

Legal form

Public limited company

Registered office

Groot Begijnhof 60 box 1
3000 Leuven · FlandreSee on map

Contributed capital

106 938 617,50 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

64300Trusts, funds and similar financial entities· main 64310Trusts, funds and similar financial entities

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016
Income statement
Gross margin	-1,3 M €	+31.8%	-1,9 M €	+29.6%	-2,7 M €	-18.2%	-2,3 M €	+10.0%	-2,6 M €	-27.0%	-2,0 M €	+9.3%	-2,2 M €	-109%	-1,1 M €	-19354%	5,5 k €	+101%	-532,9 k €
EBITDA	-1,6 M €	+25.9%	-2,1 M €	+28.4%	-3,0 M €	-12.3%	-2,6 M €	+0.2%	-2,6 M €	-26.9%	-2,1 M €	+9.0%	-2,3 M €	-114%	-1,1 M €	-19427%	5,5 k €	+101%	-532,9 k €
Operating result	-1,6 M €	+25.9%	-2,1 M €	+28.4%	-3,0 M €	-12.4%	-2,6 M €	+0.2%	-2,6 M €	-26.9%	-2,1 M €	+9.1%	-2,3 M €	-114%	-1,1 M €	-63325%	1,7 k €	+100%	-538,6 k €
Net result	-1,8 M €	-177%	2,3 M €	-86.7%	17,2 M €	+501%	-4,3 M €	-120%	21,4 M €	+4211%	496,9 k €	-96.9%	16,1 M €	+1392%	1,1 M €	-98.0%	52,8 M €	+32506%	162,0 k €
Balance sheet
Equity	124,0 M €	+2.3%	121,3 M €	+1.9%	119,0 M €	-0.5%	119,6 M €	-3.5%	123,9 M €	+162%	47,3 M €	-55.0%	105,1 M €	+18.0%	89,1 M €	+1.2%	88,0 M €	+88.4%	46,7 M €
Total assets	124,1 M €	+0.9%	123,0 M €	-14.3%	143,5 M €	+19.8%	119,8 M €	-7.5%	129,6 M €	+22.6%	105,7 M €	+0.1%	105,6 M €	+16.5%	90,6 M €	-0.3%	90,8 M €	+92.1%	47,3 M €
Cash	4,2 M €	-49.7%	8,3 M €	+402%	1,6 M €	+143%	678,5 k €	-15.6%	804,1 k €	+19.5%	673,0 k €	-94.9%	13,1 M €	+15.6%	11,3 M €	-84.1%	71,2 M €	+229%	21,7 M €
Debts	43,8 k €	-97.4%	1,7 M €	-93.0%	24,5 M €	+9908%	245,2 k €	-95.7%	5,7 M €	-90.2%	58,4 M €	+13639%	425,1 k €	-71.8%	1,5 M €	-46.6%	2,8 M €	+390%	577,1 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	-41.2%	1,7 ETP	+30.8%	1,3 ETP	+85.7%	0,7 ETP	-30.0%	1,0 ETP	+25.0%	0,8 ETP	+700%	0,1 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 19 ended

Active mandates

Chris Buyse

Director · since 25 juin 2024 · until 05 juin 2028

Active

LGP Advisory

Director · since 03 juin 2024 · until 05 juin 2028 · 0800.957.704

Active

Luc Debruyne

Chairman of the board of directors · since 03 juin 2024 · until 05 juin 2028

Active

DR. IR. U. VANDEURZEN MANAGEMENT FIRM

Director · since 01 juin 2020 · until 05 juin 2028 · 0435.484.270

Represented by Urbanus (roepnaam Urbain) Vandeurzen

Active

François Fontaine

Director · since 01 juin 2020 · until 05 juin 2028

Active

Ended mandates

Compass CommV

Chairman of the board of directors · since 01 juin 2020 · until 03 juin 2024 · 0717.832.464

Represented by Luc Debruyne

Ended

Compass CommV

Director · since 01 juin 2020 · until 03 juin 2024 · 0717.832.464

Represented by Luc Debruyne

Ended

Debasish Roychowdhury

Director · since 01 juin 2020 · until 03 juin 2024

Ended

DR. IR. U. VANDEURZEN MANAGEMENT FIRM

Director · since 01 juin 2020 · until 03 juin 2024 · 0435.484.270

Represented by Urbanus (roepnaam Urbain) Vandeurzen

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/06/2026	16/06/2025	28/06/2024	21/06/2023	08/06/2022	23/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	09/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	16/06/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	08/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	23/06/2021	Dutch	PDF
Abridged model	31/12/2019	01/06/2020	24/06/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	21/06/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	25/06/2018	Dutch	PDF
Abridged modelCorrection	31/12/2016	06/06/2017	15/03/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	01/07/2017	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 19 ended

Active mandates

Chris Buyse

Director · since 25 juin 2024 · until 05 juin 2028

Active

LGP Advisory

Director · since 03 juin 2024 · until 05 juin 2028 · 0800.957.704

Active

Luc Debruyne

Chairman of the board of directors · since 03 juin 2024 · until 05 juin 2028

Active

DR. IR. U. VANDEURZEN MANAGEMENT FIRM

Director · since 01 juin 2020 · until 05 juin 2028 · 0435.484.270

Represented by Urbanus (roepnaam Urbain) Vandeurzen

Active

François Fontaine

Director · since 01 juin 2020 · until 05 juin 2028

Active

Ended mandates

Compass CommV

Chairman of the board of directors · since 01 juin 2020 · until 03 juin 2024 · 0717.832.464

Represented by Luc Debruyne

Ended

Compass CommV

Director · since 01 juin 2020 · until 03 juin 2024 · 0717.832.464

Represented by Luc Debruyne

Ended

Debasish Roychowdhury

Director · since 01 juin 2020 · until 03 juin 2024

Ended

DR. IR. U. VANDEURZEN MANAGEMENT FIRM

Director · since 01 juin 2020 · until 03 juin 2024 · 0435.484.270

Represented by Urbanus (roepnaam Urbain) Vandeurzen

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/06/2026
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/01/2026
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/04/2020
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-1,8 M €↓
19/12/2025
augmentation_capital
04/09/2025
nominationFrançois Fontaine — bestuurder
02/06/2025
reconductionChris Buyse — bestuurder
02/06/2025
nominationBert Kegels — permanente vertegenwoordiger (commissaris)
2024
Annual accounts 20242,3 M €↓
25/06/2024
nominationChris Buyse — bestuurder
03/06/2024
nominationLGP Advisory BV — bestuurder
03/06/2024
nominationLuc Debruyne — bestuurder
03/06/2024
reconductionPienter-Jan BV — bestuurder
03/06/2024
reconductionV.M.F. NV — bestuurder
03/06/2024
reconductionFrancois Fontaine — bestuurder
2023
Annual accounts 202317,2 M €↑
20/06/2023
nominationLuc Debruyne — voorzitter van de Raad van Bestuur
2022
Annual accounts 2022-4,3 M €↓
07/06/2022
nominationBeert Kegels — permanente vertegenwoordiger van de commissaris
2021
Annual accounts 202121,4 M €↑
2020
Annual accounts 2020496,9 k €↓
2019
Annual accounts 201916,1 M €↑
2018
Annual accounts 20181,1 M €↓
2017
Annual accounts 201752,8 M €↑
2016
Annual accounts 2016162,0 k €
07/05/2015
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Fund+

Overview

What does Fund+ do?

Trend over 10 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline