BUBBELKONING
ActiveSummary
BUBBELKONING has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €623k and a net result of €27k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 34% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+6
Solvency54▼-9
Growth51=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.68 in 2024; short-term debt: 45.5% and cash: 31.5% of total assets), and 71% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29%
Return on assets
1.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
3 d early
2023
13 d early
2022
60 d early
2021
10 d late
2020
25 d early
2019
74 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€3.34M▼ 45.7%
2021 · €6.15M
EBIT margin
1.1%▼ 3.1pp
2021 · 4.1%
Net result
€27k▲ 140%
2024 · €11k
Working capital
€263k▲ 7.5%
2024 · €244k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€6.15M▲ 43.4%€3.34M▼ 45.7%
Operating result€255k▲ 18.2%€36k▼ 86.0%€-85k€28k€42k▲ 46.7%
Net result€176k▲ 7.2%€11k▼ 93.6%€-104k€11k€27k▲ 140%
EBIT margin4.1%▼ 0.9pp1.1%▼ 3.1pp
Equity€678k▲ 35.0%€689k▲ 1.7%€585k▼ 15.1%€596k▲ 1.9%€623k▲ 4.5%
Total assets€1.84M▼ 9.0%€1.60M▼ 12.9%€1.64M▲ 2.2%€1.58M▼ 3.8%€2.15M▲ 36.2%
Debt€1.16M▼ 23.5%€915k▼ 21.4%€1.05M▲ 15.2%€980k▼ 7.0%€1.52M▲ 55.4%
Working capital€361k▲ 85.4%€356k▼ 1.4%€243k▼ 31.9%€244k▲ 0.8%€263k▲ 7.5%
Staff (FTE)1.51.5=1.8▲ 20.0%2.6▲ 44.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 47% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.15M
Fixed assets
€906k ▼ 6.6%
Current assets
€1.24M ▲ 105%
Equity and liabilities €2.15M
Equity
€623k ▲ 4.5%
Debt
€1.52M ▲ 55.4%
Debt's share of the balance-sheet total rises from 62.2% to 71.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€106k▲
2024 · €92k
Cash flow
€91k▲
2024 · €75k
Current ratio
1.27▼
2024 · 1.68
Quick ratio
0.80▲
2024 · 0.57
Debt to equity
2.44▲
2024 · 1.64
ROE
4.3%▲
2024 · 1.9%
ROA
1.3%▲
2024 · 0.7%
Interest coverage
7.11▲
2024 · 5.34
Debt ≤ 1 year
€978k▲
2024 · €362k
Debt > 1 year
€546k▼
2024 · €619k
Staff costs
€187k▲
2024 · €115k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €6.15M | €3.34M | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €5.76M | €3.18M | - | - | - | - |
| Remuneration, social security and pensions62 | €63k | €66k | €91k | €115k | €187k | ▲ 62.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67k | €63k | €64k | €64k | €64k | ▲ 0.2% |
| Other operating charges640/8 | €1k | €2k | €11k | €11k | €12k | ▲ 7.2% |
| Gross operating margin9900 | €386k | €166k | €80k | €218k | €305k | ▲ 39.6% |
| Operating profit (loss)9901 | €255k | €36k | €-85k | €28k | €42k | ▲ 46.7% |
| Financial income75/76B | €1k | €1k | €88 | €101 | €67 | ▼ 33.0% |
| Recurring financial income75 | €1k | €1k | €88 | €101 | €67 | ▼ 33.0% |
| Financial charges65/66B | €22k | €22k | €19k | €17k | €15k | ▼ 14.1% |
| Recurring financial charges65 | €22k | €22k | €19k | €17k | €15k | ▼ 14.1% |
| Profit (loss) for the period before taxes9903 | €235k | €15k | €-104k | €11k | €27k | ▲ 140% |
| Income taxes67/77 | €59k | €4k | €0 | - | - | - |
| Profit (loss) for the period9904 | €176k | €11k | €-104k | €11k | €27k | ▲ 140% |
| Profit (loss) for the period to be appropriated9905 | €176k | €11k | €-104k | €11k | €27k | ▲ 140% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.84M | €1.60M | €1.64M | €1.58M | €2.15M | ▲ 36.2% |
| Fixed assets21/28 | €1.16M | €1.10M | €1.04M | €970k | €906k | ▼ 6.6% |
| Tangible fixed assets22/27 | €1.15M | €1.09M | €1.03M | €970k | €906k | ▼ 6.6% |
| Land and buildings22 | €1.14M | €1.09M | €1.03M | €966k | €903k | ▼ 6.5% |
| Furniture and vehicles24 | €3k | €3k | €2k | €2k | €1k | ▼ 25.0% |
| Other tangible fixed assets26 | €3k | €3k | €3k | €2k | €2k | ▼ 20.5% |
| Financial fixed assets28 | €7k | €7k | €7k | €628 | €628 | = |
| Current assets29/58 | €685k | €502k | €601k | €606k | €1.24M | ▲ 105% |
| Stocks and contracts in progress3 | €302k | €346k | €395k | €400k | €461k | ▲ 15.3% |
| Stocks30/36 | €302k | €346k | €395k | €400k | €461k | ▲ 15.3% |
| Amounts receivable within one year40/41 | €149k | €81k | €91k | €3k | €98k | ▲ 3,302% |
| Trade receivables40 | €112k | €58k | €68k | €1k | €97k | ▲ 7,714% |
| Other amounts receivable41 | €37k | €23k | €23k | €2k | €619 | ▼ 62.1% |
| Cash at bank and in hand54/58 | €230k | €74k | €115k | €202k | €677k | ▲ 235% |
| Deferred charges and accrued income490/1 | €3k | €1k | €0 | €1k | €4k | ▲ 296% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.84M | €1.60M | €1.64M | €1.58M | €2.15M | ▲ 36.2% |
| Equity10/15 | €678k | €689k | €585k | €596k | €623k | ▲ 4.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €657k | €668k | €565k | €576k | €603k | ▲ 4.7% |
| Amounts payable17/49 | €1.16M | €915k | €1.05M | €980k | €1.52M | ▲ 55.4% |
| Amounts payable after more than one year17 | €840k | €768k | €695k | €619k | €546k | ▼ 11.7% |
| Financial debts170/4 | €840k | €768k | €695k | €619k | €546k | ▼ 11.7% |
| Amounts payable within one year42/48 | €324k | €146k | €359k | €362k | €978k | ▲ 170% |
| Current portion of amounts payable after more than one year42 | €70k | €72k | €73k | €77k | €73k | ▼ 5.2% |
| Trade debts44 | €36k | €3k | €204k | €218k | €744k | ▲ 241% |
| Suppliers440/4 | €36k | €3k | €204k | €218k | €744k | ▲ 241% |
| Advances received on contracts in progress46 | €143k | €36k | €45k | €0 | €81k | - |
| Taxes, remuneration and social security45 | €74k | €35k | €33k | €64k | €78k | ▲ 22.6% |
| Taxes450/3 | €71k | €22k | €13k | €41k | €45k | ▲ 10.8% |
| Remuneration and social security454/9 | €3k | €13k | €20k | €23k | €33k | ▲ 43.6% |
| Other amounts payable47/48 | €461 | €461 | €4k | €3k | €2k | ▼ 22.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €176k | €11k | €-104k | €11k | €27k | ▲ 140% |
| + Depreciation and write-downs630 | €67k | €63k | €64k | €64k | €64k | ▲ 0.2% |
| Operating cash flow (approximation) | €243k | €74k | €-40k | €75k | €91k | ▲ 21.1% |
| Investment in fixed assets (approximation) | - | €-8k | €-17 | €3k | €0 | ▼ 100% |
| Change in cash | - | €-156k | €42k | €87k | €475k | ▲ 446% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-104k
Net result drops to €-104k, the lowest in the series; recovery starts the following year.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
31-12
Financial
Highest result since 2018net €176k ▲7.2%
Operating result €255k, net result €176k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €502k ▲48.6%
3 profitable years in a row build equity to €502k.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 74 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zandhoven · 3 establishment units since 2010
Ground area
7,452 m²
Building footprint
3,136 m²
Volume, LiDAR
10,713 m³
3 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
Bubbelkoning
since 20102.186.861.931
Bubbelkoning BVBA
since 20122.207.986.353
Bubbelkoning
since 20172.266.767.264
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304D1226/00F003 | Flanders | 4,422 m² | 1 · 2,398 m² | 9.7 m · 1 fl. |
| 34035A0370/00Z000 | Flanders | 2,477 m² | 1 · 185 m² | - |
| 11027A0193/00H000 | Flanders | 553 m² | 1 · 553 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 156 companies in sector 46836 we hold annual accounts for 113. 66 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-02-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46836
47527
Contact
Scores and ratios are computed by Checked and are not a credit decision.