Funico International
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Funico International - overview
Location
-, -, Belgium
Primary Industry
Consumer Services
About
Funico International specializes in the design and manufacture of personalized coffins, providing tailored solutions that meet the diverse needs of families during end-of-life care. Funico International focuses on creating bespoke coffins for clients in Belgium and France. The company underwent a significant strategic shift in December 2014 when it was acquired by Down 2 Earth Capital and its management from Vectis Participaties and GIMV. The company's headquarters is located in Belgium.
The current CEOs, Bart Ardies and Jérôme Hego, lead the firm, which has participated in two deals to date. The most recent deal was finalized on December 9, 2014. Funico België specializes in the manufacturing of personalized coffins, catering to a diverse clientele seeking bespoke end-of-life solutions. Their product offerings encompass modern, classic, eco-friendly designs, luxury options, and customizable accessories.
The coffins are crafted from various materials such as wood and wood fiber, allowing for tailored specifications, including size and design elements. Funico serves markets across Belgium and France, utilizing both direct-to-consumer sales and partnerships with funeral service providers to ensure accessibility. In the most recent year 2024, Funico reported revenue of USD 19. 00 mn and an EBITDA of USD 394,371.
7. Revenue streams are primarily driven by direct sales of customized coffin products, with transactions occurring through orders placed by families or funeral homes. The company's business model blends B2B relationships with funeral homes and direct consumer sales, enhancing its market reach and revenue potential. Funico International is focused on expanding its product line to include new designs and sustainable materials aimed at addressing the growing demand for eco-friendly options.
Additionally, the company seeks to explore new markets beyond Belgium and France, with plans for geographic expansion by the end of 2025. The recent acquisition funding will be utilized to support these initiatives, particularly in product development and market entry strategies as outlined in the rationale for the December 2014 acquisition.
Current Investors
Gimv, Down 2 Earth Capital
Primary Industry
Consumer Services
Sub Industries
Funeral Services, Wood/Hard Products
Website
www.funico.be
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Funico International - timeline of key events
Funico International - financials
| Fiscal Year Ended | Aug 31, 2010 | Aug 31, 2011 | Aug 31, 2012 | Aug 31, 2013 | Aug 31, 2014 | Aug 31, 2015 | Aug 31, 2016 | Aug 31, 2017 | Aug 31, 2018 | Aug 31, 2019 | Aug 31, 2020 | Aug 31, 2021 | Aug 31, 2022 | Aug 31, 2023 | Aug 31, 2024 | Aug 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 11,882,134 | 12,059,360 | 12,569,262 | 13,001,260 | 12,358,831 | 13,734,142 | 12,349,397 | 14,082,437 | 15,239,994 | 14,830,877 | 15,609,430 | 15,873,177 | 17,568,310 | - | - | - |
| % Revenue Growth (YoY) | - | 1.5% | 4.2% | 3.4% | (4.9%) | 11.1% | (10.1%) | 14.0% | 8.2% | (2.7%) | 5.2% | 1.7% | 10.7% | - | - | - |
| EBITDA (USD) | 2,008,393 | 1,708,937 | 1,603,148 | 1,437,931 | 1,525,777 | 1,203,862 | 500,875 | 634,756 | 489,804 | (365,282) | 1,065,363 | 1,370,069 | 473,686 | - | - | - |
| Operating Income (USD) | 1,450,256 | 928,581 | 1,023,930 | 839,664 | 1,082,570 | 986,192 | 352,538 | 501,426 | 381,511 | (460,616) | 881,824 | 1,222,105 | 328,607 | - | - | - |
| Operating Margin | 12.2% | 7.7% | 8.1% | 6.5% | 8.8% | 7.2% | 2.9% | 3.6% | 2.5% | (3.1%) | 5.6% | 7.7% | 1.9% | - | - | - |
| % EBITDA Margin | 16.9% | 14.2% | 12.8% | 11.1% | 12.3% | 8.8% | 4.1% | 4.5% | 3.2% | (2.5%) | 6.8% | 8.6% | 2.7% | - | - | - |
| NET Income (USD) | 1,038,176 | 696,468 | 454,981 | 638,234 | 315,064 | 763,751 | 216,970 | 303,802 | 208,122 | (573,830) | (802,311) | 913,454 | 170,739 | - | - | - |
| % Net Margin | 8.7% | 5.8% | 3.6% | 4.9% | 2.5% | 5.6% | 1.8% | 2.2% | 1.4% | (3.9%) | (5.1%) | 5.8% | 1.0% | - | - | - |
Funico International - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Funico International | - | ||||||||
| Buyout | Completed | Funico International | - |
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Funico International - employee data
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