BUBBLE
ActiveBUBBLE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29k and a net result of €6k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 63% of 256 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+5
Solvency83▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.09 against 1.82 in 2024; short-term debt: 41.9% and cash: 66.9% of total assets), and 41.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Sector 61
higher
← 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
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
58.1%
Return on assets
11.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
7 d late
2024
31 d early
2023
26 d late
2022
4 d early
2021
26 d early
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€29k▲ 24.1%
2024 · €24k
2018: €14k
2019: €10k
2020: €13k
2021: €12k
2022: €17k
2023: €20k
2024: €24k
2018 → 2025
Total assets
€50k▲ 19.3%
2024 · €42k
2018: €15k
2019: €10k
2020: €25k
2021: €30k
2022: €28k
2023: €39k
2024: €42k
2018 → 2025
Net result
€6k▲ 85.3%
2024 · €3k
2018: €-15k
2019: €-5k
2020: €3k
2021: €-1k
2022: €5k
2023: €3k
2024: €3k
2018 → 2025
Working capital
€23k▲ 50.3%
2024 · €15k
2018: €10k
2019: €9k
2020: €10k
2021: €9k
2022: €7k
2023: €10k
2024: €15k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€17k▲ 45.1%€20k▲ 18.8%€24k▲ 15.0%€29k▲ 24.1%
Operating result€-999-€6k€3k▼ 39.1%€3k▼ 5.0%€6k▲ 81.4%
Net result€-1k-€5k€3k▼ 39.5%€3k▼ 5.4%€6k▲ 85.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 81% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50k
Fixed assets
€6k▼ 24.8%
Current assets
€44k▲ 30.0%
Equity and liabilities €50k
Equity
€29k▲ 24.1%
Debt
€21k▲ 13.2%
The debt ratio falls from 44.2% to 41.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10k▲
2024 · €10k
Cash flow
€10k▲
2024 · €10k
Solvency
58.1%▲
2024 · 55.8%
Current ratio
2.09▲
2024 · 1.82
Quick ratio
2.09▲
2024 · 1.82
Debt / equity
0.72▼
2024 · 0.79
ROE
19.4%▲
2024 · 13.0%
ROA
11.3%▲
2024 · 7.3%
Interest coverage
97.22▼
2024 · 144.18
Debt
€21k▲
2024 · €19k
Debt ≤ 1 year
€21k▲
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€42k€50k▲
Fixed assets21/28€8k€6k▼
Tangible fixed assets22/27€8k€6k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€1k€669▼
Current assets29/58€34k€44k▲
Amounts receivable within one year40/41€2k€10k▲
Trade receivables40€1k€8k▲
Other amounts receivable41€621€1k▲
Cash at bank and in hand54/58€32k€34k▲
Deferred charges and accrued income490/1-€898
Equity and liabilities
Total equity and liabilities10/49€42k€50k▲
Equity10/15€24k€29k▲
Contributions10/11€22k€22k=
Reserves13€75k€75k=
Tax-exempt reserves132€29k€29k=
Distributable reserves133€46k€46k=
Profit (loss) carried forward14€-73k€-67k▲
Amounts payable17/49€19k€21k▲
Amounts payable within one year42/48€19k€21k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Advances received on contracts in progress46-€4k
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3-€2k
Remuneration and social security454/9€5k€6k▲
Other amounts payable47/48€11k€9k▼
Income statement
Code20242025
Non-recurring operating income76A-€860
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€231€359▲
Non-recurring operating charges66A€63-
Gross operating margin9900€10k€11k▲
Operating profit (loss)9901€3k€6k▲
Financial income75/76B€22€40▲
Recurring financial income75€22€40▲
Financial charges65/66B€67€242▲
Recurring financial charges65€67€107▲
Non-recurring financial charges66B-€135
Profit (loss) for the period before taxes9903€3k€6k▲
Income taxes67/77€132-
Profit (loss) for the period9904€3k€6k▲
Profit (loss) for the period to be appropriated9905€3k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-73k€-67k▲
Profit (loss) brought forward from the previous period14P€-76k€-73k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Highest result since 2018net €6k ▲85.3%
Operating result €6k, net result €6k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Schilde · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Elzendreef 122970 SchildeGround area
2,519 m²
Building footprint
237 m²
Volume, LiDAR
1,087 m³
Parcel 11039A0184/00G002, Flanders · tallest building 20.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BUBBLE / King Emperor
since 20002.100.685.547
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039A0184/00G002 | Flanders | 2,519 m² | 1 · 237 m² | 20.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,377 companies in sector 61100 we hold annual accounts for 586. 362 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-03-2000
Fiscal year end31-12
Activities, NACEBEL
61100Wired, wireless and satellite telecommunications
61200Telecommunications
64200Holdings
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.