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BUBBA

Active Private limited companyfounded 1997active for 29 yearsNederwijk-Oost 298, 9400 NinoveKBO/BCE: BE 0460.732.380 subsidiary of BELROMA-INVEST

Overview

Lifetime

20 annual accounts with figures on one time axis, 28 filings since 1998
peak €904,596 (2024)
€736,883▼ 18.5%
peak €433,751 (2024)
€53,706▼ 87.6%
peak €1.2m (2024)
€1.1m▼ 5.1%
€1.3m▼ 2.6%
peak 8.6 FTE (2024)
8 FTE▼ 7.0%
Board4 names since 2007
Owners
Documentsfilings and deeds
08-06-202653 days before the deadline
2025abbreviated format
Gross margin from €904,596 to €736,883Result from €433,751 to €53,7061 director appointed, 2 resignations 18-04Dividend €55,000Investments €412,667

Key points

from the 2025 annual accounts

Equity

€1.1m ▼ 5.1%
1.22024+0.05Profit-0.06Dividend-0.06Other1.12025

BUBBA paid out €55,000 in dividends. That is 102% of the 2025 profit.

Result

€53,706 ▼ 87.6%
€434,0002024€53,7002025

The result fell in 2025 from €433,751 to €53,706.

Turnover

≈ €4.5m estimated

The abbreviated format states no turnover.

Investments

€412,713 3.5 × depreciation
20212022202320242025

Green is investment, beige is depreciation.

Staff

7 employees on 31-12-2025
5420219920221092023982024792025

In 2025, 7 people joined and 9 left.

Filings

28 annual accounts since 1998
AprilJune31 JulyOctober200020102020

Five of the last ten came late. The 2016 accounts came latest: 29 days after the end of the period.

Checked score

93
Excellent
Financially stronger than 52% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 26,895 companies (NACE 46, micro).

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

72-1equity 47.3% of total assets
60+3short-term debt 35.8% · cash 21.1%
72-19return on assets 2.2%

Score breakdown

raises risk
Size: 8 FTE, total assets €2.4m
lowers risk
Liquidity: current ratio 2.14, cash €504,560
Founded in 1997
Equity €1.1m (47.3% of total assets)
Calculation

The band follows from the bankruptcy probability. 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 46, micro). It does better than 55% of them on solvency, 66% on liquidity, 57% on profitability and 31% on growth.

The bankruptcy probability was computed on 06-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 17,041 companies had the same profile as BUBBA has now. Each dot stands for 43 companies, two years later.

94.3%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of BUBBA itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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% 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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,041 companies, not a prediction for BUBBA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €100,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.14 (2.0 in 2024), above the usual 1.5. Short-term debt is 35.8% and cash 21.1% of total assets. However, 52.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 2.14, cash €504,560
NBB · annual accounts
lowers risk · Founded in 1997
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €1.1m (47.3% of total assets)
NBB · annual accounts
raises risk · Size: 8 FTE, total assets €2.4m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
53 days early
2024
on the day
2023
26 days late
2022
25 days early
2021
3 days early
2020
24 days late
2019
28 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

BB
Daily manager, FRANK PETER DECUYPER
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0460732380
1 director appointed, 2 resignations Resignations: BV Sitidec (director) and BV Van Uytvanghe (director) · Permanent representatives: FRANK PETER DECUYPER and VAN UYTVANGHE KATLEEN · Appointment: BV BELROMA-INVEST (director) · General meeting of 08-07-2024 · Gazette deed
Merger: BUBBA takes over CHAPELURE Issue of 18 shares · Permanent representatives: Guy Parmentier, DE CUYPER Frank and VAN UYTVANGHE Katleen · Resignations: SITIDEC (manager) and K & K CONSULT (manager) · General meeting of 17-12-2020 · Gazette deed
First establishment Nederwijk-Oost 298, Ninove
All 37 events

Comparable companies

same main activity, similar in size and age
Company
BUBBA Ninove €2.4m €0.7m 47.3% 8
'T VRIESMANNEKE Wervik €1.9m €0.7m 34.3% 10.3
De Boel Raphaël Heist-op-den-Berg €1.2m €0.7m 82.5% 8.6
FALOBO Wevelgem €2.8m €1.1m 17.8% 6.2
NORDIC CENTRE Binche €1.3m €0.5m 34.6% 7
Oresto Food Partners Hasselt €2.2m €0.6m 16.6% 5
ESCA FOOD-SERVICE Veurne €2.7m €1.8m 47.0% 10.2

These companies have the same main activity as BUBBA: wholesale trade (NACE 46391). They are comparable in size and age: total assets between €1.2m and €2.8m, founded between 1985 and 1993.

Official details

Source: KBO
Status
Active since 22-05-1997Normal situation
Activity
Wholesale tradeNACE 46391and 3 others
Establishment unit
2.082.057.5879400 Ninove, since 19-11-1998
Financial year end
31 December
Peppol
Reachable since 06-03-2026
Company details

Annual accounts 2025

€736,883▼ 18.5%
€53,706▼ 87.6%
€1.1m▼ 5.1%
€2.4m▼ 3.8%
Employeeson 31-12-2025
7▼ 22.2%
Filing
Filed on 08-06-2026, 53 days before the end of the filing period
Financials

Insights on BUBBA

BUBBA files the abbreviated format. That format states no turnover. The gross margin rose from €283,830 in 2006 to €736,883 in 2025.

BELROMA-INVEST holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 08-06-2026, 53 days before the deadline
€736,883
▼ 18.5%
€79,853
▼ 83.3%
€197,124
▼ 65.6%
€170,978
▼ 67.6%
47.3%
▼ 0.7 percentage points
2.14
▲ 0.14

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €4.5m. Estimated: probably between €3.4m and €8.3m.

Money flows

no detail for 2025

Balance sheet

balance sheet total €2.4m on 31-12-2025
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

47.3%

Higher than 55% of 9,886 companies in 2025.

2.14

Higher than 60% of 9,650 companies in 2025.

2.2%

Higher than 43% of 9,765 companies in 2025.

BUBBA Middle half of the sector 80% of the sector Abbreviated accounts in wholesale trade (NACE 46)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter

Staff

€45,638

Staff costs divided by the average number of full-time equivalents.

-2 people

people who joined people who left

In 2025, 7 people joined and 9 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 2.4m2.5m2.2m2.2m1.9m1.6m1.6m2.0m1.8m1.8m1.7m1.6m1.4m1.5m1.4m1.2m1.4m1.2m1.1m893,039
21/28 556,073260,678293,373173,419120,385127,985122,706204,696234,221237,469195,364127,860166,174155,162125,106168,983190,847200,567160,311134,451
21 ---01002003394776167553,4536,3069,15911,01213,25015,90018,55021,20023,850475
22/27 555,310259,915293,373173,419119,549127,049121,728203,179232,464235,575190,771121,554157,015144,150111,856153,083172,297179,367136,461129,362
23 2,720-02822,6607,07418,29833,92547,09064,2445,6062,6644,5626,0046,5048,55613,01212,15415,5507,475
24 363,000259,868293,127172,690116,243119,12998,150154,438161,024132,767158,61999,446123,090122,25684,222118,156127,674130,36278,82076,255
25 -----0--------------
26 189,5894624644664684604,2558,51017,44326,54619,44429,36315,89021,13026,37031,61136,85142,09145,632
28 763763-07367366401,0401,1401,1401,140--------4,615
29/58 1.8m2.2m2.0m2.0m1.7m1.5m1.5m1.7m1.6m1.6m1.5m1.5m1.3m1.3m1.3m1.1m1.2m971,918904,416758,588
29 377,500401,000401,000401,000401,000401,000401,000401,000401,000401,000401,000401,000401,000401,000476,000401,000401,000401,000225,000155,000
291 377,500401,000401,000401,000401,000401,000401,000401,000401,000401,000401,000401,000401,000401,000476,000401,000401,000401,000225,000155,000
3 263,693388,706179,241182,412127,742191,422176,416142,836180,563151,02065,89150,95354,062127,449115,99291,91260,28088,08357,87971,044
30/36 263,693388,706179,241182,412127,742191,422176,416142,836180,563151,02065,89150,95354,062127,449115,99291,91260,28088,08357,87971,044
40/41 689,255843,931962,846781,616724,153596,842699,339883,634899,909873,255736,847617,283603,284703,500564,844437,388499,561367,897517,690437,890
40 633,344813,017774,611589,681544,846466,766593,831763,700756,930778,877601,829537,226592,814613,848529,368392,745469,591360,196438,528406,352
41 55,91130,914188,235191,936179,308130,076105,508119,934142,97994,377135,01880,05810,47189,65235,47544,64329,9707,70179,16231,539
54/58 504,560567,292408,692613,186482,134328,905221,556298,987108,430177,739340,526447,376206,558113,684128,197115,826188,01997,74889,07779,680
490/1 024,956----020,939-6,2903802,1253621,4378,68613,39113,18217,19014,77014,973
Balance sheet: equity and liabilities
10/49 2.4m2.5m2.2m2.2m1.9m1.6m1.6m2.0m1.8m1.8m1.7m1.6m1.4m1.5m1.4m1.2m1.4m1.2m1.1m893,039
10/15 1.1m1.2m1.1m980,355853,378837,707675,488623,552492,224480,060465,356473,268472,919477,431659,446614,578568,602514,771442,139393,084
10/11 26,20026,20026,20026,20026,20026,2006,2006,2006,2006,2006,2006,2006,2006,2006,1976,1976,1976,1976,1976,197
100 ------18,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,592
101 ------12,39212,39212,39212,39212,39212,39212,39212,39212,39512,39512,39512,39512,39512,395
13 1.1m1.2m1.1m950,000825,000811,250658,109608,109458,109458,109458,109458,109458,109458,109653,249608,381562,404508,573435,942386,887
130/1 -----0--------------
130 ------1,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,859
1311 -----0--------------
132 ----056,25056,25056,25056,25056,25056,25056,25056,25056,25056,25056,25056,25056,25056,25056,250
133 1.1m1.2m1.1m950,000825,000755,000600,000550,000400,000400,000400,000400,000400,000400,000595,140550,272504,295450,464377,833328,778
14 3,9025,1951,4444,1552,17825711,1799,24327,91515,7511,0478,9598,61013,122------
17/49 1.3m1.3m1.1m1.2m1.0m808,447945,5291.3m1.3m1.4m1.3m1.2m958,5201.0m759,378613,921784,287657,714622,588499,955
17 404,725183,953217,660129,01178,41077,03168,238139,943200,587199,758189,654157,072195,23983,14441,77877,388104,013133,478113,471124,462
170/4 404,725183,953217,660129,01178,41077,03168,238139,943200,587199,758189,654157,072195,23983,14441,77877,388104,013133,478113,471124,462
42/48 856,2531.1m914,0881.0m923,626731,416877,2911.2m1.1m1.2m1.1m1.0m754,957941,656717,575536,458680,274524,236509,117375,493
42 135,81385,68479,28651,81846,32447,66566,129111,432116,286105,06486,35861,31265,93545,95136,06668,18171,85375,14765,91960,814
43 ----01,3595,3955,3404,8274,763------5,1395,1705,1658,471
430/8 ----01,3595,3955,3404,8274,763----------
439 ----------------5,1395,1705,1658,471
44 582,684650,458542,276649,114637,030350,995443,608592,720623,317658,173497,684451,065350,010500,519475,650393,025471,942303,519282,152266,934
440/4 582,684650,458542,276649,114637,030350,995443,608592,720623,317658,173497,684451,065350,010500,519475,650393,025471,942303,519282,152266,934
45 22,75725,07122,52625,33519,27260,39742,158129,10583,11998,95697,317103,88064,01167,68722,98920,03021,18840,24715,88139,274
450/3 -02751,193044,65717,21992,03660,14370,00075,00074,02640,00045,0002,3324,6076,30224,4472,63133,165
454/9 22,75725,07122,25124,14219,27215,74024,93937,06922,97528,95622,31729,85424,01122,68720,65715,42314,88615,80013,2506,109
47/48 115,000350,000270,000316,000221,000271,000320,000350,000300,000300,000403,640400,000275,000327,500182,87055,222110,153100,153140,000-
492/3 -05,760-----3,763---8,325-2674----
Income statement
70 -------------3.2m------
76A --03,212-----10,00027011,000---1,500-4,1503,0346,862
9900 736,883904,596859,900774,632494,453510,154666,694753,135650,756700,534648,149577,353516,423547,970486,415362,696397,464415,173375,805283,830
60/61 -------------2.6m------
62 365,104315,304328,208300,589217,073221,218307,012304,716304,880322,121264,835236,186214,834196,641190,108148,792129,416122,94788,45142,145
630 117,27293,70964,75936,78865,97585,21883,00191,43399,60498,58277,82063,15771,65163,50665,59561,64062,35761,23763,82451,911
631/4 161,7729,7728,395017,4693234,8709683,9401,5994,4754,06040,39892,557----7,5007,500-
640/8 12,8836,3087,45313,2948,06510,0259,14310,77141,31210,0285,4994,3465,3754,3593,3492,6132,3142,0792,1972,382
66A ----------2005,250-1,40039020,7447,85822,7432,73439,500
9901 79,853479,504451,085423,961185,871193,370262,668345,248201,019268,203295,519269,604184,165190,907227,363149,651203,378236,410213,833187,392
75/76B 1,0972,4873,7311,8384722,2256391,1043791,3103872031,4632632232561266071,310381
75 1,0972,4873,7311,8384721,0666391,1043791,3103872031,4632632232561266071,310381
76B ----01,159--------------
65/66B 20,07916,34712,2527,6295,7826,8526,8377,7488,5048,3758,50010,23210,1387,5386,5098,90212,96213,33311,25810,829
65 20,07916,34712,2527,6295,7826,8526,8377,7488,5048,3758,50010,23210,1387,5386,5098,90212,96213,33311,25810,829
9903 60,870465,644442,564418,171180,560188,743256,469338,604192,895261,139287,476265,325175,491182,232220,687121,761182,683205,091204,184144,306
67/77 7,16431,89345,27546,19314,88949,80084,533107,27680,73096,43595,38889,97655,00364,24920,81920,78518,85232,46015,12941,989
9904 53,706433,751397,289371,977165,671138,943171,936231,327112,165164,704192,088175,349120,488117,982199,868100,976163,831172,631189,055102,318
789 ---056,250---------------
9905 53,706433,751397,289371,977221,921138,943171,936231,327112,165164,704192,088175,349120,488117,982199,868100,976163,831172,631189,055102,318
Appropriation of the result
9906 58,902435,195401,444374,155222,178151,397181,179259,243127,915165,751201,047183,959133,610117,982199,868100,976163,831172,631189,055102,318
14P 5,1951,4444,1552,17825712,454--------------
791/2 60,000------------195,140------
691/2 080,000130,000125,00070,000151,14150,000150,000------44,86845,97653,83172,63149,055102,318
6921 080,000130,000125,00070,000151,14150,000150,000------44,86845,97653,83172,63149,055102,318
694/7 115,000350,000270,000245,000150,0000120,000100,000100,000150,000200,000175,000125,000300,000155,00055,000110,000100,000140,000-
694 55,000----0120,000100,000100,000150,000200,000175,000125,000300,000------
695 60,000350,000270,000245,000150,000---------155,00055,000110,000100,000140,000-
Social balance sheet
9087 88.67.97.36.36.16.16.86.56.55.44.54.54.14.23.533.12.81
Hours worked1013 10,0189,38410,0899,9617,460-10,48510,11810,46011,5959,3907,9167,8887,2247,3765,9085,2655,4333,8811,724
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 8 older financial years (1998-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 21 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 08-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 08-06-2026 2026-00143268 PDF
31-12-2024 abbreviated format 31-07-2025 2025-00346646 PDF
31-12-2023 abbreviated format 26-08-2024 2024-00379105 PDF
31-12-2022 abbreviated format 06-07-2023 2023-00216183 PDF
31-12-2021 abbreviated format 28-07-2022 2022-20237249 PDF
31-12-2020 abbreviated format 24-08-2021 2021-53900343 PDF
31-12-2019 abbreviated format 28-08-2020 2020-47400328 PDF
31-12-2018 abbreviated format 29-08-2019 2019-54700336 PDF
31-12-2017 abbreviated format 11-07-2018 2018-32200361 PDF
31-12-2016 abbreviated format 29-08-2017 2017-51600506 PDF
31-12-2015 abbreviated format 30-08-2016 2016-51100073 PDF
31-12-2014 abbreviated format 25-08-2015 2015-46200599 PDF
31-12-2013 abbreviated format 07-07-2014 2014-27400168 PDF
31-12-2012 abbreviated format 19-08-2013 2013-43400198 PDF
31-12-2011 abbreviated format 11-06-2012 2012-16200422 PDF
31-12-2010 abbreviated format 23-06-2011 2011-20500074 PDF
31-12-2009 abbreviated format 11-06-2010 2010-17300352 PDF
31-12-2008 abbreviated format 15-07-2009 2009-42200023 PDF
31-12-2007 abbreviated format 26-06-2008 2008-29900081 PDF
31-12-2006 abbreviated format 06-06-2007 2007-19800221 PDF
31-12-2005 abbreviated format 07-06-2006 2006-20805022 PDF
31-12-2004 abbreviated format 07-06-2005 2005-21802571 PDF
31-12-2003 abbreviated format 25-03-2004 2004-08600404 PDF
31-12-2002 abbreviated format 30-06-2003 2003-35404695 PDF
31-12-2001 abbreviated format 26-06-2002 2002-28002706 PDF
31-12-2000 abbreviated format 26-07-2001 2001-43001991 PDF
31-12-1999 abbreviated format 23-06-2000 2000-27100428 PDF
31-12-1998 abbreviated format 02-11-1999 1999-56304309 PDF

Subsidies and aid

Flemish government 2023 to 2025, 3 entries, €647 awarded, €524 paid

Year Entries AwardedPaid
2025 1 €0€268
2024 1 €379€50
2023 1 €268€206

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
197,124573,213515,844460,749251,847278,588345,668436,680300,624366,786373,339332,760255,816254,413292,958211,291265,735297,647277,657239,303
170,978527,460462,048408,765231,647224,161254,937322,760211,769263,286269,908238,505192,139181,488265,463162,616226,188233,868252,879154,228
412,71361,013184,714113,94684,77697,5181,41162,008141,012140,687167,88536,09382,662104,96221,71844,57656,202104,815108,26561,616
-62,732158,600-204,495131,052153,229107,349-77,431190,557-69,309-162,787-106,850240,81892,873-14,51312,371-72,19390,2718,6719,397-
978,7541.1m1.0m935,948811,404786,753621,020558,799462,353442,348459,646502,480510,309405,414576,144523,058481,767447,682395,299383,095
-------------6.0%------
47.3%47.9%49.3%45.6%46.0%50.9%41.7%31.9%27.0%26.0%26.7%28.7%33.0%31.8%46.5%50.0%42.0%43.9%41.5%44.0%
2.142.002.141.901.882.081.711.471.411.381.421.491.681.431.801.981.711.851.782.02
1.841.651.941.721.741.811.511.351.251.251.361.441.601.301.641.801.621.691.661.83
1.121.091.031.191.170.971.402.132.712.852.742.482.032.151.151.001.381.281.411.27
4.8%36.4%35.9%37.9%19.4%16.6%25.5%37.1%22.8%34.3%41.3%37.1%25.5%24.7%30.3%16.4%28.8%33.5%42.8%26.0%
2.2%17.4%17.7%17.3%8.9%8.4%10.6%11.9%6.1%8.9%11.0%10.6%8.4%7.9%14.1%8.2%12.1%14.7%17.8%11.5%
9.8235.0742.1060.4043.5540.66--------------
-------------71 days------
-------------69 days------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date79877
full-time57666
part-time22211
in full-time equivalents5.47.46.46.26.2
88.67.97.36.3
On a permanent contract79877
Joined791095
Left98994

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€412,713€60,250€184,714€113,946€84,776
Financial fixed assets€0€763---
€117,272€93,709€64,759€36,788€65,975

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on BUBBA

The operating result for 2025 is 83% lower than in 2024 and the lowest since 2006.

Debt's share of the balance-sheet total rises from 52.1% to 52.7%. Equity and debt are lower.

Board & ownership

Board

1 director, 1 in day-to-day management, last change in 2024
Director (not named in the articles) and day-to-day manager, permanent representative FRANK PETER DECUYPER
appointed by deed of 18-04-2025 term without a fixed end
listed in the 2025 annual accounts, filed on 08-06-2026
BV BELROMA-INVEST
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 28-01-2021
Permanent representatives 1
FRANK PETER DECUYPER
Permanent representative, for BV BELROMA-INVEST
appointed by deed of 18-04-2025

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
BV BELROMA-INVEST
Director (not named in the articles), Day-to-day manager
BV VAN UYTVANGHE
Day-to-day manager
Sitidec
Director (not named in the articles)
K & K CONSULT
Director (not named in the articles)
LeadershipBoardEarliermandate already running before its first mentionend not dated
Mandates as a list
  • BV BELROMA-INVEST
    • Director (not named in the articles), appointed by deed of 18-04-2025, still in office
    • Day-to-day manager, appointed by deed of 18-04-2025, still in office
  • BV VAN UYTVANGHE
    • Director (not named in the articles), from 30-06-2013 to 08-07-2024
    • Day-to-day manager, until 08-07-2024
  • Sitidec
    • Director (not named in the articles), from 04-06-2007 to 08-07-2024
    • Manager, until 28-01-2021
    • Director (not named in the articles), from before 28-01-2021, no longer listed in the 2025 annual accounts
  • K & K CONSULT
    • Manager, from 30-06-2013 to 28-01-2021
    • Director (not named in the articles), from before 28-01-2021, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

Parent
Equity €5.4m
Profit €1.0m in 2025 (profit €442,520 in 2024)
100%
This company
BUBBA
Equity €1.1m
Profit €53,706 in 2025

Capital

Contribution
€26,200
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 28-01-2021 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 14:30

Capital transactions

Shareholders according to the deeds
Stated in the deed deed of 28-01-2021 ↗
  • BELROMA-INVEST 18 shares

Network & group

Group

BELROMA-INVEST has 2 direct subsidiaries (2025 accounts), the bar shows equity in euros
ParentBELROMA-INVEST2 holdings, 1 country 2025 accounts

Belgium 2 Equity Result

  • BE Bubba €1.1m result €53,706
  • BE Garka €1.4m result €551,937

Source: list of holdings in the 2025 accounts of BELROMA-INVEST. Every holding stands with its own latest accounts.

Connections & network

1 current director
Depth

The network starts from the directors of BUBBA. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

37 events since 1997

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFabbreviated format · 53 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0460732380
2025
Weakest financial year net €53,706 ▼87.6% The net result drops to €53,706, the lowest from 2006 to 2025.
Annual accounts 2024 filed PDFabbreviated format · on the deadline day
1 director appointed, 2 resignationsResignations: BV Sitidec (director) and BV Van Uytvanghe (director) · Permanent representatives: FRANK PETER DECUYPER and VAN UYTVANGHE KATLEEN · Appointment: BV BELROMA-INVEST (director) · General meeting of 08-07-202412 points ▸
  • General meeting, 08-07-2024
  • Director resignation, BV Sitidec (director (not named in the articles))
  • Director discharge, BV Sitidec
  • Permanent representative, FRANK PETER DECUYPER (vaste vertegenwoordiger belast met de uitvoering van zijn bestuursmandaat in naam en voor rekening van de rechtspersoon), mentioned twice in the deed
  • Director resignation, BV Van Uytvanghe (director (not named in the articles))
  • Director discharge, BV Van Uytvanghe
  • Permanent representative, VAN UYTVANGHE KATLEEN (vaste vertegenwoordiger belast met de uitvoering van haar bestuursmandaat in naam en voor rekening van de rechtspersoon)
  • Director appointment, BV BELROMA-INVEST (director (not named in the articles))
  • Board meeting, 10-06-2024
  • Director resignation, BV Sitidec (day-to-day manager)
  • Director resignation, BV Van Uytvanghe (day-to-day manager)
  • Director appointment, BV BELROMA-INVEST (day-to-day manager)
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

2024
Highest result from 2006 to 2025 net €433,751 ▲9.2% The operating result of €479,504 and the net result of €433,751 are both a record.
Annual accounts 2023 filed PDFabbreviated format · 26 days late
2023
Equity above €1m equity €1.1m ▲13% Equity rises from €980,355 to €1.1m.
Annual accounts 2022 filed PDFabbreviated format · 25 days before the deadline
2022
Annual accounts 2021 filed PDFabbreviated format · 3 days before the deadline
2021
Annual accounts 2020 filed PDFabbreviated format · 24 days late
Merger: BUBBA takes over CHAPELUREIssue of 18 shares · Permanent representatives: Guy Parmentier, DE CUYPER Frank and VAN UYTVANGHE Katleen · Resignations: SITIDEC (manager) and K & K CONSULT (manager) · General meeting of 17-12-202017 points ▸
  • General meeting, 17-12-2020, mentioned twice in the deed
  • BELROMA-INVEST is a shareholder, mentioned twice in the deed
  • Auditor report, 01-12-2020
  • Permanent representative, Guy Parmentier
  • Merger, 01-06-2020
  • Accounting effect, 01-06-2020
  • BELROMA-INVEST holds 18 shares
  • 768 shares
  • Director resignation, SITIDEC (manager)
  • Director resignation, K & K CONSULT (manager)
  • Permanent representative, DE CUYPER Frank
  • Permanent representative, VAN UYTVANGHE Katleen
  • Director reappointment, SITIDEC (director (not named in the articles))
  • Director reappointment, K & K CONSULT (director (not named in the articles))
  • Registered office clause, Nederwijk-Oost 298, 9400 NINOVE
  • Director discharge, SITIDEC (manager)
  • Director discharge, K & K CONSULT (manager)
  • The deed holds 22 more points.

Open the deed in the Belgian Official Gazette

2020
Annual accounts 2019 filed PDFabbreviated format · 28 days late
2019
Annual accounts 2018 filed PDFabbreviated format · 29 days late
2018
Annual accounts 2017 filed PDFabbreviated format · 20 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 29 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 30 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 25 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 24 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 19 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 50 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 38 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 50 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 16 days before the deadline
2008
Equity above €500,000 equity €514,771 ▲16.4% With a profit in every financial year since 2006, equity grows to €514,771.
Annual accounts 2007 filed PDFabbreviated format · 35 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 55 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
First establishment Nederwijk-Oost 298, Ninove
1997
Incorporation published on 12-06-1997

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

BUBBA was incorporated on 22 May 1997.1 Total assets rose from €2.0m in 2018 to €2.4m in 2025 and headcount from 6.8 to 8 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0460.732.380
VAT number
BE 0460.732.380
Peppol ID
0208:0460732380
Legal form
Private limited company
Status
Active, normal situation
Founded
22-05-1997
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 14:30
deed of 28-01-2021 (in Dutch)
Peppol
Reachable since 06-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
BUBBA in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-01-2021 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 28-01-2021 (in Dutch)

Activities

NACEBEL 2025
VAT activities
46391 Wholesale trade main activity
Social security (RSZ) activities
Codes under NACEBEL 2008
VAT activities
46391 Wholesale trade main activity
47810 Retail trade
47890 Retail trade
Social security (RSZ) activities
46389 Wholesale of other food products main activity
Codes under NACEBEL 2003
51391 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Groot-en kleinhandel, import, export en doorvoer van verse, geconserveerde en diepvriesproducten van alle aard en in het bijzonder van…”
5 activities
  1. Groot-en kleinhandel, import, export en doorvoer van verse, geconserveerde en diepvriesproducten van alle aard en in het bijzonder van garnaal-en kaaskroketten met alle aanverwante producten.
  2. De uitbating van het beroep van restauratiehouder (traiteur).
  3. De uitbating van alles wat betrekking heeft met de horeca zoals daar zijn, zonder beperking door opsomming: Hotels-en logementshuizen, restaurants en spijshuizen, verbruiksalons, frituren, drankgelegenheden, dancings, cabarets, private clubs, omvattende eveneens de bijkomende verkoop van tabak, sigaren, sigaretten, zichtkaarten en suikergoedwaren.
  4. Het uitbaten van kunstgalerijen, het inrichten van vertoningen en tentoonstellingen.
  5. Onderneming in onroerende goederen, omvattende onder meer voor eigen rekening en/of voor rekening van derden en/of als tussenpersoon: alle immobilliaire operaties van om het even welke aard of ermede verband houdend, zoals onder meer: de aan-en verkoop, ruiling, in huur neming, verhuring, expertise, beheer, omvorming of ombouwing, verkaveling en valorisatie van onroerende goederen van alle aard, dit alles in de ruimste zin.
deed of 28-01-2021 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit numberFASFC approval
Nederwijk-Oost 298 registered office 9400 Ninove 19-11-1998 2.082.057.587 Storage of goods other than foodstuffs
Itinerant food vendors
Food wholesaler

Buildings and parcels at the address

Ground area
4,449 m²
Buildings
1,973 m²
Volume, LiDAR
8,462 m³
Tallest building
6.0 m
Buildings to scale, each on its own parcel
1,973 m², 6.0 m 1,973 m², 6.0 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
41362B0315/00N0004,449 m² 1 · 1,973 m² 6.0 m · 2

Recognitions

Food safety, FASFC

1 site
Ninoveunit number 2.082.057.587
3 permissions
Storage of goods other than foodstuffs · since 31-03-2019
Authorisation · Itinerant food vendors · since 01-01-2006
Authorisation · Food wholesaler · since 01-01-2006

Source: FAVV-AFSCA, open data, updated on 26-10-2026