Bibi Flash
ActiveSummary
Bibi Flash has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€776,224) and a net result of -€690,836. Its solvency ranks better than 12% of 127 sector peers (NACE 74, financial year 2026). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
- Staff
- 1.8 FTE
- Equity
- -€776,224
- Loss
- -€690,836
Why 53raises riskCapped at 59: negative equityNegative equity -€776,224Loss of €690,836, the second in a row (financial year 2026)lowers riskFounded in 2023Sector: Other professional, scientific and technical activities (NACE 74)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro): better than 5% on solvency, 21% on liquidity, 7% on profitability and 1% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (2)
- Annual accounts filedfinancial year 2026 · abbreviated…
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignation: Julie KEGELS (manager)Appointment: Julie KEGELS (director) ·…
Financials · financial year 2026, abbreviated format
2025 to 2026, 2 financial years
The operating result stays negative: a loss of €649,016 in 2026 against €664,658 in 2025; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 74, Other professional, scientific and technical activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.9% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.3% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 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 74.5% 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.
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €37,098 | €92,358 | ▲ 149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,491 | €17,818 | ▲ 23.0% |
| Other operating charges640/8 | €8,248 | €1,674 | ▼ 79.7% |
| Gross operating margin9900 | -€604,820 | -€537,166 | ▲ 11.2% |
| Operating profit (loss)9901 | -€664,658 | -€649,016 | ▲ 2.4% |
| Financial income75/76B | €3,334 | €1,120 | ▼ 66.4% |
| Recurring financial income75 | €3,334 | €1,120 | ▼ 66.4% |
| Financial charges65/66B | €3,216 | €42,803 | ▲ 13× |
| Recurring financial charges65 | €3,216 | €42,803 | ▲ 13× |
| Profit (loss) for the period before taxes9903 | -€664,540 | -€690,700 | ▼ 3.9% |
| Income taxes67/77 | €72 | €136 | ▲ 89.2% |
| Profit (loss) for the period9904 | -€664,612 | -€690,836 | ▼ 3.9% |
| Profit (loss) for the period to be appropriated9905 | -€664,612 | -€690,836 | ▼ 3.9% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €0.6m | €0.7m | ▲ 25.1% |
| Fixed assets21/28 | €0.05m | €0.03m | ▼ 36.0% |
| Intangible fixed assets21 | €0.02m | €0.01m | ▼ 52.4% |
| Tangible fixed assets22/27 | €0.03m | €0.02m | ▼ 22.8% |
| Furniture and vehicles24 | €0.03m | €0.02m | ▼ 22.8% |
| Financial fixed assets28 | €192 | - | - |
| Current assets29/58 | €0.5m | €0.7m | ▲ 31.0% |
| Stocks and contracts in progress3 | €0.04m | €0.07m | ▲ 72.1% |
| Stocks30/36 | €0.04m | €0.07m | ▲ 72.1% |
| Amounts receivable within one year40/41 | €0.07m | €0.2m | ▲ 112% |
| Trade receivables40 | €0.06m | €0.1m | ▲ 81.4% |
| Other amounts receivable41 | €0.01m | €0.04m | ▲ 278% |
| Cash at bank and in hand54/58 | €0.1m | €0.09m | ▼ 36.5% |
| Deferred charges and accrued income490/1 | €0.3m | €0.4m | ▲ 37.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €0.6m | €0.7m | ▲ 25.1% |
| Equity10/15 | -€0.09m | -€0.8m | ▼ 809% |
| Contributions10/11 | €0.6m | €0.6m | = |
| Profit (loss) carried forward14 | -€0.7m | -€1.4m | ▼ 101% |
| Amounts payable17/49 | €0.7m | €1.5m | ▲ 127% |
| Amounts payable after more than one year17 | €0.4m | €1.0m | ▲ 163% |
| Financial debts170/4 | €0.4m | €1.0m | ▲ 163% |
| Amounts payable within one year42/48 | €0.2m | €0.4m | ▲ 89.1% |
| Trade debts44 | €0.2m | €0.4m | ▲ 123% |
| Suppliers440/4 | €0.2m | €0.4m | ▲ 123% |
| Taxes, remuneration and social security45 | €0.007m | €0.03m | ▲ 288% |
| Taxes450/3 | €72 | €0.003m | ▲ 43× |
| Remuneration and social security454/9 | €0.007m | €0.02m | ▲ 246% |
| Other amounts payable47/48 | €0.05m | €0.03m | ▼ 39.4% |
| Accrued charges and deferred income492/3 | €0.06m | €0.08m | ▲ 35.2% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€664,612 | -€690,836 | ▼ 3.9% |
| + Depreciation and write-downs630 | €14,491 | €17,818 | ▲ 23.0% |
| Operating cash flow (approximation) | -€650,121 | -€673,017 | ▼ 3.5% |
| Investment in fixed assets (approximation) | - | €192 | - |
| Change in cash | - | -€50,213 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | abbreviated format | 27-10-2026 | 2026-00569124 |
| 31-03-2025 | abbreviated format | 29-09-2025 | 2025-00509150 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 to 2025 · 3 entries · €14,375 awarded · €10,625 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €3,750 | €0 |
| 2024 | 2 | €10,625 | €10,625 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Julie KEGELS |
|
Owners and capital
Capital and shareholders
- Julie KEGELS €200,000 in kind
- C. GEN (BE 0450.896.679) €800,000 in kind
- Julie Kegels gecommanditeerde vennoot · €1,499
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 22-01-2025 Capital increase of €200,000 · no new shares · in kind
- 22-01-2025 Capital increase of €400,000 · 919 new shares · in kind
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
22-01
Gazette deed
Resignation: Julie KEGELS (manager)Appointment: Julie KEGELS (director) · Capital · Capital increase28 facts ▸
- General meeting, 27-12-2024
- Capital, €1,500 (2 times)
- Capital increase, €200,000 (2 times)
- Capital increase, €400,000 (2 times)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch) (2 times)
- Share issue, “1 aandeel in de besloten vennootschap voor 1 aandeel in de oude commanditaire vennootschap” (deed in Dutch)
- Amendment of the articles
- Declaration, “alle vennoten vertegenwoordigd” (deed in Dutch)
- Auditor report, 20-12-2024
- General meeting, “regulier samengesteld” (deed in Dutch)
- Share issue, “identiek aan de bestaande aandelen”, 919 (deed in Dutch)
- Capital contribution, €400,000
- +16 further facts in this act
17-10
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 01-07-2024
- Registered-office move, Hessenplein 2, 2000 Antwerpen
05-07
Gazette deed
IncorporationAppointment: Julie Kegels (manager) · Partner · Founder8 facts ▸
- Director appointment, Julie Kegels (manager (not named in the articles))
- Other provision, “statutaire zaakvoerders bij oprichting” (deed in Dutch)
- Other provision, “preciese omschrijving van doel of doelen bovenop vermogensvoordeel aan vennoten, behoudens voor zover zou blijken uit 12°” (deed in Dutch)
- Incorporation, 03-07-2023
- Partner, Julie Kegels (general partner)
- Founder, Julie Kegels
- Founding capital
- Other provision, “verslaggeving en revisorale controle bij inbreng in natura of nijverheid, onbeperkte aansprakelijkheid gecommanditeerde vennoten” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11802B0096/00A000 | Flanders | 1,474 m² | 1 · 1,474 m² | 25.9 m · 7 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De import, export, klein- en groothandel, de commercialisatie, het ontwerpen, de fabricatie en de distributie van textielwaren in de meest…” (deed in Dutch)
14 activities (deed in Dutch)
- De import, export, klein- en groothandel, de commercialisatie, het ontwerpen, de fabricatie en de distributie van textielwaren in de meest ruime zin waaronder, kledij, lingerie, lederwaren, schoenen, handtassen en van alle accessoires, sieraden, cosmetica- en parfumerieartikelen, huishoudartikelen, meubels, huis en tafeldecoratie of versiering, linnen en alle goederen en producten die rechtstreeks, onrechtstreeks in hoofdzaak of als bijhorigheid op deze categorieën van goederen betrekking hebben
- Het optreden als tussen persoon in de handel
- Het uitbaten van een webshop; de onderneming in elektronische handel, de verkoop van alle goederen of diensten via het Internet of andere gegevensdragers; het opmaken van websites en het verlenen van alle diensten dienaangaande
- Het aanbieden van een zo ruim mogelijk dienstenpakken, zowel onder de vorm van advies, bijstand als uitvoering op het vlak van design, interieurontwerp, sales en marketing
- Het eigendomsrecht en de exploitatie met alle middelen van elk bestaand of te creëren modemerk
- Het verlenen van bijstand, advies en leiding aan bedrijven, privépersonen en instellingen, voornamelijk doch niet uitsluitend op het vlak van management, marketing, productie en ontwikkeling, processing en het besturen van vennootschappen, dit alles in de meest ruime betekenis
- De vennootschap kan zelf of als tussenpersoon alle hulpmiddelen verschaffen, bestuurdersfuncties waarnemen of laten waarnemen en diensten verlenen die direct of indirect verband houden met het voorgaande. Deze diensten kunnen worden geleverd krachtens een contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt. Ter uitvoering van haar opdrachten en voor het waarnemen van bestuursmandaten kan de vennootschap zich laten vertegenwoordigen door haar bestuurder of elke andere derde vertegenwoordiger, die door de vennootschap worden afgevaardigd om op te treden in eigen naam doch voor rekening van de vennootschap
- Het beheer van vennootschappen, ongeacht hun voorwerp, en het waarnemen van alle bestuursopdrachten, het uitoefenen van opdrachten en functies, met inbegrip van mandaten van vereffenaar
- Het geven van opleiding in domeinen die samenhangen met het voorgaande, bij zowel publieke onderwijsinstellingen als op privébasis; het publiceren van artikels en boeken
- De organisatie van evenementen die samenhangen met het voorgaande
- Het verlenen van adviezen van financiële, technische, commerciële, creatieve of administratieve aard; in de ruimste zin, met uitzondering van adviezen inzake beleggingen en geldplaatsingen; bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratie en financiën, verkoop, productie en algemeen bestuur
- Het verwerven en aanhouden van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie, de ontwikkeling van en de investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt; het deelnemen aan hun beheer, bestuur, vereffening, en toezicht alsmede het verlenen van technische, administratieve en financiële bijstand aan deze vennootschappen en ondernemingen
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een eigen onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, binnenhuisinrichting en decoratie verhuren en huren van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen of die betrekking hebben op het beheer of op het productief maken van onroerende goederen of onroerende zakelijke rechten
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan-en verkoop, de huur- en verhuur, de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Bibi Flash
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Het dagelijks bestuur omvat zowel de handelingen en beslissingen die niet verder reiken dan de behoeften van het dagelijkse leven van de…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Het dagelijks bestuur omvat zowel de handelingen en beslissingen die niet verder reiken dan de behoeften van het dagelijkse leven van de…” (deed in Dutch)“Benoemd met of zonder beperking van duur, één of meer bestuurders, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder” (deed in Dutch)“Bestuurders kunnen in die hoedanigheid niet door een arbeidsovereenkomst met de vennootschap zijn verbonden” (deed in Dutch)“De algemene vergadering kan het mandaat van een niet-statutair benoemd bestuurder ten allen tijde beëindigen zonder opgave van reden al dan…” (deed in Dutch)4 more provisions on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Inzake de overdracht van aandelen gelden de in de statuten opgelegde regelingen, overdracht van aandelen” (deed in Dutch)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of September at 19:30
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- One provision in the deed
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed