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Bibi Flash

Active
Private limited companyfounded 2023active for 3 yearsHessenplein 2, 2000 Antwerpen, BelgiumKBO/BCE: BE 0803.497.421
Summary

The computed 12-month bankruptcy probability of Bibi Flash is 1.6% (moderate). The 2025 annual accounts show negative equity (-€85,388) and a net result of -€664,612. Its solvency ranks better than 12% of 786 sector peers (NACE 74, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, abbreviated format

Equity
-€85,388
Total assets
€568,675
Net result
-€664,612
Working capital
€301,008

Turnover and EBIT margin not published: the abbreviated format does not require them.

Balance-sheet composition
Assets €568,675
Fixed assets €50,082
Current assets €518,593
Equity and liabilities
Equity-€85,388
Debt€654,063
Equity is negative: debt (€654,063) exceeds the balance-sheet total (€568,675).
Key figures and ratios
2025 value
EBITDA
-€650,167
Cash flow
-€650,121
Solvency
-15.0%
Current ratio
2.38
Quick ratio
2.20
ROA
-116.9%
Interest coverage
-202.19
Debt
€654,063
Debt ≤ 1 year
€217,585
Debt > 1 year
€380,000
Income taxes
€72
Staff costs
€37,098
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.8% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 45 lines
Balance sheet Code2025
Assets
Total assets20/58€568,675
Fixed assets21/28€50,082
Intangible fixed assets21€21,748
Tangible fixed assets22/27€28,143
Furniture and vehicles24€28,143
Financial fixed assets28€192
Current assets29/58€518,593
Stocks and contracts in progress3€40,763
Stocks30/36€40,763
Amounts receivable within one year40/41€72,023
Trade receivables40€60,717
Other amounts receivable41€11,306
Cash at bank and in hand54/58€137,389
Deferred charges and accrued income490/1€268,417
Equity and liabilities
Total equity and liabilities10/49€568,675
Equity10/15-€85,388
Contributions10/11€601,500
Profit (loss) carried forward14-€686,888
Amounts payable17/49€654,063
Amounts payable after more than one year17€380,000
Financial debts170/4€380,000
Amounts payable within one year42/48€217,585
Trade debts44€158,483
Suppliers440/4€158,483
Taxes, remuneration and social security45€6,902
Taxes450/3€72
Remuneration and social security454/9€6,829
Other amounts payable47/48€52,200
Accrued charges and deferred income492/3€56,479
Income statement Code2025
Remuneration, social security and pensions62€37,098
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,491
Other operating charges640/8€8,248
Gross operating margin9900-€604,820
Operating profit (loss)9901-€664,658
Financial income75/76B€3,334
Recurring financial income75€3,334
Financial charges65/66B€3,216
Recurring financial charges65€3,216
Profit (loss) for the period before taxes9903-€664,540
Income taxes67/77€72
Profit (loss) for the period9904-€664,612
Profit (loss) for the period to be appropriated9905-€664,612
Appropriation of the result
Profit (loss) to be appropriated9906-€686,888
Profit (loss) brought forward from the previous period14P-€22,276
Social balance sheet
Average headcount (FTE)90871.0

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€37,098
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,491
Other operating charges640/8€8,248
Gross operating margin9900-€604,820
Operating profit (loss)9901-€664,658
Financial income75/76B€3,334
Recurring financial income75€3,334
Financial charges65/66B€3,216
Recurring financial charges65€3,216
Profit (loss) for the period before taxes9903-€664,540
Income taxes67/77€72
Profit (loss) for the period9904-€664,612
Profit (loss) for the period to be appropriated9905-€664,612
Line2025
Assets
Total assets20/58€568,675
Fixed assets21/28€50,082
Intangible fixed assets21€21,748
Tangible fixed assets22/27€28,143
Furniture and vehicles24€28,143
Financial fixed assets28€192
Current assets29/58€518,593
Stocks and contracts in progress3€40,763
Stocks30/36€40,763
Amounts receivable within one year40/41€72,023
Trade receivables40€60,717
Other amounts receivable41€11,306
Cash at bank and in hand54/58€137,389
Deferred charges and accrued income490/1€268,417
Equity and liabilities
Total equity and liabilities10/49€568,675
Equity10/15-€85,388
Contributions10/11€601,500
Profit (loss) carried forward14-€686,888
Amounts payable17/49€654,063
Amounts payable after more than one year17€380,000
Financial debts170/4€380,000
Amounts payable within one year42/48€217,585
Trade debts44€158,483
Suppliers440/4€158,483
Taxes, remuneration and social security45€6,902
Taxes450/3€72
Remuneration and social security454/9€6,829
Other amounts payable47/48€52,200
Accrued charges and deferred income492/3€56,479
Line2025
Profit (loss) for the period9904-€664,612
+ Depreciation and write-downs630€14,491
Operating cash flow (approximation)-€650,121

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Subsidies and aid

Flemish government

2024 to 2025 · 3 entries · €14,375 awarded · €10,625 paid
Year Entries AwardedPaid
2025 1 €3,750€0
2024 2 €10,625€10,625
Schemes
2 entries · €12,750 · €9,000 paid · Vlaams Agentschap voor Internationaal Ondernemen
1 entry · €1,625 · €1,625 paid · Fonds voor Innoveren en Ondernemen

Public contracts: not fully processed yet. The notices from October 2019 to September 2026 are still being read.