Skip to content

BUBBELGUM STUDIOS

Active
Public limited companyfounded 201114 yrs activeRue des Prés(H) 32C, 7334 Saint-Ghislain, BelgiumKBO/BCE: BE 0840.092.155
Summary

BUBBELGUM STUDIOS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,675 and a net result of -€2,282. Equity is growing by ~48.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability30▼-40
Solvency71▼-2
Growth43▼-13
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.91 in 2024; short-term debt: 54% and cash: 0.8% of total assets), but 54% of the assets are financed with debt.
Credit check for your own amount and term

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

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
46%
Return on assets
-3%
Age of the figures
17 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 04-12-2025, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
4 d late
2024
17 d early
2023
2 d early
2022
2 d early
2021
5 d early
2020
11 d early
2019
4 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 5 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today. Usually files around 28 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-04-2026 close01-10-2026 today30-11-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 October 2011, BUBBELGUM STUDIOS was incorporated.1 Revenue went from EUR 26,000 in 2020 to EUR 22,500 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Turnover
€22,500▲ 9.4%
2024 · €20,575
EBIT margin
-9.5%▼ 59.2pp
2024 · 49.8%
Net result
-€2,282
2024 · €10,088
Working capital
€34,675▼ 6.2%
2024 · €36,957
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€14,700▼ 43.5%€15,175▲ 3.2%€13,650▼ 10.0%€20,575▲ 50.7%€22,500▲ 9.4%
Operating result€14,199▼ 44.5%€15,102▲ 6.4%€12,818▼ 15.1%€10,241▼ 20.1%-€2,129
Net result€14,161▼ 44.6%€14,936▲ 5.5%€12,677▼ 15.1%€10,088▼ 20.4%-€2,282
EBIT margin96.6%▼ 1.8pp99.5%▲ 2.9pp93.9%▼ 5.6pp49.8%▼ 44.1pp-9.5%▼ 59.2pp
Equity-€744▲ 95.0%€14,192€26,869▲ 89.3%€36,957▲ 37.5%€34,675▼ 6.2%
Total assets€39,813▲ 53.1%€54,749▲ 37.5%€68,182▲ 24.5%€77,781▲ 14.1%€75,429▼ 3.0%
Debt€40,557▼ 0.9%€40,557=€41,313▲ 1.9%€40,824▼ 1.2%€40,754▼ 0.2%
Working capital-€744▲ 95.0%€14,192€26,869▲ 89.3%€36,957▲ 37.5%€34,675▼ 6.2%
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000€15,000Operating result 2021: €14,199€14,199Net result 2021: €14,161€14,161Operating result 2022: €15,102€15,102Net result 2022: €14,936€14,936Operating result 2023: €12,818€12,818Net result 2023: €12,677€12,677Operating result 2024: €10,241€10,241Net result 2024: €10,088€10,088Operating result 2025: -€2,129-€2,129Net result 2025: -€2,282-€2,28220212022202320242025-€5,000€0€5,000€10,000€15,000Operating result 2023: €12,818€12,800Net result 2023: €12,677€12,700Operating result 2024: €10,241€10,200Net result 2024: €10,088€10,100Operating result 2025: -€2,129-€2,130Net result 2025: -€2,282-€2,280202320242025
The operating result turns negative in 2025: a loss of €2,129 after €10,241 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €75,429
Equity €34,675 ▼ 6.2%
Debt €40,754 ▼ 0.2%
Debt's share of the balance-sheet total rises from 52.5% to 54.0%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.85▼
2024 · 1.91
Debt to equity
1.18▲
2024 · 1.10
ROE
-6.6%▼
2024 · 27.3%
ROA
-3.0%▼
2024 · 13.0%
Debt ≤ 1 year
€40,754▼
2024 · €40,824
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
1.1% went bankrupt
7.9% stopped otherwise
91% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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 6,910 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 against 2024 · 27 lines
Balance sheet Code20242025
Assets
Total assets20/58€77,781€75,429▼
Current assets29/58€77,781€75,429▼
Amounts receivable within one year40/41€76,350€74,850▼
Trade receivables40€76,350€74,850▼
Cash at bank and in hand54/58€1,431€579▼
Equity and liabilities
Total equity and liabilities10/49€77,781€75,429▼
Equity10/15€36,957€34,675▼
Contributions10/11€62,500€62,500=
Capital10€62,500€62,500=
Issued capital100€62,500€62,500=
Profit (loss) carried forward14-€25,543-€27,825▼
Amounts payable17/49€40,824€40,754▼
Amounts payable within one year42/48€40,824€40,754▼
Trade debts44€70-
Suppliers440/4€70-
Other amounts payable47/48€40,754€40,754=
Income statement Code20242025
Turnover70€20,575€22,500▲
Goods, raw materials, services and sundry goods60/61€10,334€24,629▲
Gross operating margin9900€10,241-€2,129▼
Operating profit (loss)9901€10,241-€2,129▼
Financial charges65/66B€153€153=
Recurring financial charges65€153€153=
Profit (loss) for the period before taxes9903€10,088-€2,282▼
Profit (loss) for the period9904€10,088-€2,282▼
Profit (loss) for the period to be appropriated9905€10,088-€2,282▼
Appropriation of the result
Profit (loss) to be appropriated9906-€25,543-€27,825▼
Profit (loss) brought forward from the previous period14P-€35,631-€25,543▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€14,700€15,175€13,650€20,575€22,500▲ 9.4%
Goods, raw materials, services and sundry goods60/61-€73€832€10,334€24,629▲ 138%
Gross operating margin9900€14,199€15,102€12,818€10,241-€2,129▼ 121%
Operating profit (loss)9901€14,199€15,102€12,818€10,241-€2,129▼ 121%
Financial charges65/66B-€166€141€153€153=
Recurring financial charges65€38€166€141€153€153=
Profit (loss) for the period before taxes9903€14,161€14,936€12,677€10,088-€2,282▼ 123%
Profit (loss) for the period9904€14,161€14,936€12,677€10,088-€2,282▼ 123%
Profit (loss) for the period to be appropriated9905€14,161€14,936€12,677€10,088-€2,282▼ 123%
Line20212022202320242025Change
Assets
Total assets20/58€39,813€54,749€68,182€77,781€75,429▼ 3.0%
Current assets29/58€39,813€54,749€68,182€77,781€75,429▼ 3.0%
Amounts receivable within one year40/41€39,700€51,350€66,425€76,350€74,850▼ 2.0%
Trade receivables40-€51,350€66,425€76,350€74,850▼ 2.0%
Cash at bank and in hand54/58€113€774€1,757€1,431€579▼ 59.5%
Deferred charges and accrued income490/1-€2,625----
Equity and liabilities
Total equity and liabilities10/49€39,813€54,749€68,182€77,781€75,429▼ 3.0%
Equity10/15-€744€14,192€26,869€36,957€34,675▼ 6.2%
Contributions10/11€62,500€62,500€62,500€62,500€62,500=
Capital10-€62,500€62,500€62,500€62,500=
Issued capital100-€62,500€62,500€62,500€62,500=
Profit (loss) carried forward14-€63,244-€48,308-€35,631-€25,543-€27,825▼ 8.9%
Amounts payable17/49€40,557€40,557€41,313€40,824€40,754▼ 0.2%
Amounts payable within one year42/48€40,557€40,557€41,313€40,824€40,754▼ 0.2%
Trade debts44---€70--
Suppliers440/4---€70--
Taxes, remuneration and social security45--€756---
Taxes450/3--€756---
Other amounts payable47/48-€40,557€40,557€40,754€40,754=
Line20212022202320242025Change
Profit (loss) for the period9904€14,161€14,936€12,677€10,088-€2,282▼ 123%
Operating cash flow (approximation)€14,161€14,936€12,677€10,088-€2,282▼ 123%
Change in cash-€661€983-€326-€852▼ 161%

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

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-11-2026
2025
04-12
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
30-04
Financial Weakest financial yearnet -€2,282
Net result drops to -€2,282, the lowest in the series.
2024
13-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
28-11
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2022
28-11
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2021
25-11
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2020
19-11
NBB filing Annual accounts filed
fiscal year 2020 · full schema
30-04
Financial Back to profitnet €25,580
Net result €25,580 after one loss-making year.
2019
26-11
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2018
22-11
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2017
16-11
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2016
25-10
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Saint-Ghislain · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
1,021 m²
Building footprint
159 m²
Parcel 53036B0948/00L000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue des Prés(H) 32 C, 7334 Saint-Ghislain
Motion picture, video and television programme production, sound recording and music publishing activities
since 20122.208.509.163
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53036B0948/00L000 Wallonia 1,021 m² 1 · 159 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Company details

Identification
Legal formPublic limited company
Founded10-10-2011
Fiscal year end30-04
E-invoicing
Reachable via Peppol
Peppol ID 0208:0840092155
Also 9925:BE0840092155
Registered 11-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.