Equity
-€306,048 from €277,358 in 2014
Equity fell below zero in 2017.
BUBBLE
Overview
Lifetime
6 annual accounts with figures on one time axispeak €2.6m (2017)
€464,294▼ 59.8%
lowest -€7.9m (2018)
-€95,878▲ €7.8m
peak €277,358 (2014)
-€306,048▼ €95,878
€770,342▼ 43.5%
peak 91.2 FTE (2017)
-not published
Board2 names since 2019
-
Owners4 names in the annual accounts
100%bpost
Documentsfilings and deeds
18-05-202074 days before the deadline
2019financial year
Turnover from €3.9m to €9,607Loss of €95,878Registered office moved from Sint-Katelijne-Waver to Brussels 17-10Equity from -€210,170 to -€306,048Debts from €1.4m to €770,342Cash from €841,634 to €400,072
Key points
from the 2019 annual accounts, the last ones filedDebts
€770,342 166% of the balance sheet
After one year 95%Within one year 5%
Of this, €41,277 falls due within a year.
Filings
6 annual accounts 7 filings, 2 late
The 2017 accounts came latest: 28 days after the end of the period.
No scoreTurnover -100%: 12-month year
Recent changes
Dissolution with immediate closure of the liquidation
Dissolved and wound up in a single deed · Books and records kept by the sole shareholder · Gazette deed
Appointment: Luc Cloet (voorzittervanderaadvandebestuurvandevennootschap)
Board meeting of 22-04-2020 · Gazette deed
Registered office moved from Sint-Katelijne-Waver to Brussels
New registered office: Muntcentrum, 1000 Brussel · Previous registered office: Fortsesteenweg 56, 2860 Sint-Katelijne-Waver · Resignation: Jeroen D'Espallier (day-to-day manager) · Board meeting of 01-07-2019 · Gazette deed
Incorporation
20 publications in the Belgian Official Gazette, the last on 17-12-2020 · Gazette deed
Official details
Source: KBO- Status
- Dissolved and wound updeed of 17-12-2020
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2019
- €9,607▼ 99.8%
- €95,878▼ 98.8%
- -€306,048▼ 45.6%
- €464,294▼ 59.8%
- Filing
- Filed on 18-05-2020
Insights on BUBBLE
Inactive. The last annual accounts are for financial year 2019. The company was dissolved and wound up in a single deed. The books and records are kept by the sole shareholder.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2019
full format, filed on 18-05-2020, 74 days before the deadline€34,979
▼ 99.2%
-€83,622
▲ €5.3m
-
-
-65.9%
▼ 47.7 percentage points
11.25
▲ 8.60
Money flows
turnover is 5.0% of income in 2019Balance sheet
balance sheet total €464,294 on 31-12-2019What the company ownsHow it is paid for
in euro
in euro
Staff
Men and women
Not in that year's accounts.
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
464,294 | 1.2m | 2.6m | 1.9m | 773,921 | 107,777 | |
20 |
- | - | 47,738 | 46,268 | 34,648 | - | |
21/28 |
- | - | 623,633 | 1.3m | 550,045 | 101,100 | |
21 |
- | - | 453,316 | 716,827 | 357,157 | 26,875 | |
22/27 |
- | - | 136,295 | 530,741 | 152,900 | 72,826 | |
22 |
- | - | 0 | - | - | - | |
23 |
- | - | 75,211 | 27,768 | 432 | - | |
24 |
- | - | 46,849 | 266,720 | 150,086 | 72,826 | |
26 |
- | - | 8,135 | 5,758 | 2,383 | - | |
27 |
- | - | 0 | - | - | - | |
28 |
- | - | 34,023 | 14,907 | 5,340 | 1,400 | |
29/58 |
464,294 | 1.2m | 1.9m | 558,125 | 223,876 | 6,677 | |
290 |
- | - | 0 | - | - | - | |
291 |
- | - | 0 | - | - | - | |
3 |
- | - | 24,608 | 6,712 | - | - | |
30/36 |
- | - | 24,608 | 6,712 | - | - | |
37 |
- | - | 0 | - | - | - | |
40/41 |
64,222 | 247,084 | 1.8m | 426,712 | 121,778 | 6,608 | |
40 |
14,019 | 26,761 | 1.0m | 418,621 | 89,287 | 3,445 | |
41 |
50,203 | 220,323 | 801,490 | 8,091 | 32,491 | 3,164 | |
50/53 |
- | - | 0 | - | - | - | |
54/58 |
400,072 | 841,634 | 24,612 | 109,195 | 98,108 | 69 | |
490/1 |
- | 65,408 | 49,762 | 15,506 | 3,989 | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
464,294 | 1.2m | 2.6m | 1.9m | 773,921 | 107,777 | |
10/15 |
-306,048 | -210,170 | -4.9m | 159,307 | 277,358 | 22,192 | |
10/11 |
4.6m | 4.6m | 1.6m | 1.4m | 763,000 | 21,000 | |
100 |
4.6m | 4.6m | 1.6m | 1.4m | 763,000 | 21,000 | |
101 |
- | - | 0 | - | - | - | |
11 |
2.1m | 2.1m | 2.1m | 1.6m | - | - | |
1100/10 |
2.1m | 2.1m | 2.1m | 1.6m | - | - | |
12 |
- | - | 0 | - | - | - | |
13 |
5,743 | 5,743 | 5,742 | 1,000 | 1,000 | 1,000 | |
130 |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
1312 |
- | - | 0 | - | - | - | |
1319 |
- | - | 0 | - | - | - | |
132 |
4,743 | 4,743 | 4,742 | - | - | - | |
133 |
- | - | 0 | - | - | - | |
14 |
-7.1m | -7.0m | -8.7m | -2.9m | -486,642 | 192 | |
15 |
- | - | 0 | - | - | - | |
160/5 |
- | - | 0 | - | - | - | |
160 |
- | - | 0 | - | - | - | |
161 |
- | - | 0 | - | - | - | |
162 |
- | - | 0 | - | - | - | |
163 |
- | - | 0 | - | - | - | |
164/5 |
- | - | 0 | - | - | - | |
168 |
- | - | 0 | - | - | - | |
17/49 |
770,342 | 1.4m | 7.5m | 1.7m | 496,562 | 85,585 | |
17 |
667,900 | 674,900 | 3.7m | 546,857 | 186,790 | 66,739 | |
170/4 |
667,900 | 674,900 | 3.7m | 546,857 | 186,790 | 34,739 | |
173 |
- | 7,000 | - | - | - | - | |
174 |
667,900 | 667,900 | - | - | - | - | |
175 |
- | - | 0 | - | - | - | |
176 |
- | - | 0 | - | - | - | |
178/9 |
- | - | 0 | - | - | 32,000 | |
42/48 |
41,277 | 435,808 | 3.8m | 1.1m | 309,772 | 18,846 | |
42 |
- | - | 292,380 | 255,060 | 22,760 | 10,018 | |
43 |
- | - | - | - | - | 4,005 | |
430/8 |
- | - | 0 | - | - | 4,005 | |
439 |
- | - | 0 | - | - | - | |
44 |
39,749 | 242,476 | 1.9m | 355,652 | 138,984 | 3,196 | |
440/4 |
39,749 | 242,476 | 1.9m | 355,652 | 138,984 | 3,196 | |
441 |
- | - | 0 | - | - | - | |
46 |
- | - | 0 | - | - | - | |
45 |
1,527 | 193,332 | 1.6m | 535,173 | 144,396 | 1,628 | |
450/3 |
1,527 | 18,832 | 264,665 | 56,870 | 13,119 | 1,628 | |
454/9 |
- | 174,500 | 1.3m | 478,302 | 131,277 | - | |
47/48 |
- | - | 2,815 | 3,254 | 3,632 | - | |
492/3 |
61,166 | 253,588 | 774 | 11,566 | - | - | |
| Income statement | |||||||
70/76A |
34,979 | 4.5m | - | - | - | - | |
70 |
9,607 | 3.9m | 0 | - | - | 39,437 | |
76A |
- | 184,801 | 0 | - | - | - | |
9900 |
- | - | 839,595 | 26,734 | 57,428 | -7,900 | |
60/66A |
118,601 | 9.9m | - | - | - | - | |
60/61 |
- | - | 0 | - | - | 57,018 | |
60 |
- | 5,381 | - | - | - | - | |
600/8 |
- | 5,381 | - | - | - | - | |
61 |
72,241 | 5.3m | - | - | - | - | |
62 |
-60,831 | 3.6m | 5.2m | 2.0m | 322,286 | - | |
630 |
- | 357,610 | 533,237 | 305,229 | 59,967 | 15,825 | |
631/4 |
-1,326 | 7,357 | 0 | - | - | - | |
635/8 |
- | - | 0 | - | - | - | |
640/8 |
108,518 | 211,378 | 122,844 | 19,825 | 1,888 | 592 | |
649 |
- | - | 0 | - | - | -30,000 | |
66A |
- | 395,389 | 541,999 | - | - | - | |
9901 |
-83,622 | -5.3m | -5.6m | -2.3m | -326,713 | 5,684 | |
75/76B |
2 | 201,947 | 14,616 | 899 | 363 | 41 | |
75 |
2 | 17,146 | 14,616 | 899 | 363 | 41 | |
752/9 |
2 | 17,146 | - | - | - | - | |
76B |
- | 184,801 | 0 | - | - | - | |
65/66B |
9,484 | 2.7m | 229,622 | 46,840 | 7,426 | 3,820 | |
65 |
9,484 | 238,106 | 229,622 | 46,840 | 7,426 | 3,820 | |
650 |
7 | - | - | - | - | - | |
652/9 |
9,478 | 238,106 | - | - | - | - | |
66B |
- | 2.5m | 0 | - | - | - | |
9903 |
-93,104 | -7.9m | -5.8m | -2.4m | -333,776 | 1,906 | |
67/77 |
2,774 | 188 | 1,643 | 569 | 89 | 714 | |
670/3 |
2,774 | 188 | - | - | - | - | |
9904 |
-95,878 | -7.9m | -5.8m | -2.4m | -333,865 | 1,192 | |
789 |
- | - | 0 | - | - | - | |
689 |
- | - | 4,742 | - | - | - | |
9905 |
-95,878 | -7.9m | -5.8m | -2.4m | -333,865 | 1,192 | |
| Appropriation of the result | |||||||
9906 |
-7.1m | -16.6m | -8.7m | -2.9m | -486,642 | 1,192 | |
791/2 |
- | - | 0 | - | - | - | |
691/2 |
- | - | - | - | - | 1,000 | |
691 |
- | - | 0 | - | - | - | |
6920 |
- | - | 0 | - | - | 1,000 | |
6921 |
- | - | 0 | - | - | - | |
694 |
- | - | 0 | - | - | - | |
695 |
- | - | 0 | - | - | - | |
696 |
- | - | 0 | - | - | - | |
| Social balance sheet | |||||||
9087 |
- | 52.6 | 91.2 | 46.3 | 14.6 | - | |
Men (FTE)1003 |
- | 46.8 | - | - | - | - | |
Women (FTE)1003 |
- | 5.8 | - | - | - | - | |
Agency workers1501 |
- | 26.3 | - | - | - | - | |
Hours worked1013 |
- | 104,130 | 199,363 | 78,129 | 11,860 | - | |
| Document | |||||||
Source: Annual accounts 2019 (PDF), filed on 18-05-2020.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2019 | full format | 18-05-2020 | 2020-12400425 | |
| 31-12-2018 | full format | 21-08-2019 | 2019-48800188 | |
| 30-06-2017 | abbreviated format | 28-02-2018 | 2018-06000126 | |
| 31-12-2015 | abbreviated format | 11-07-2016 | 2016-30500084 | |
| 31-12-2014 | abbreviated format | 19-06-2015 | 2015-19200389 | |
| 30-06-2014 | abbreviated format | 12-01-2015 | 2015-01100233 | |
| 30-06-2013 | abbreviated format | 20-12-2013 | 2013-68900451 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|
| - | -5.0m | -5.1m | -2.0m | -266,746 | 21,508 | ||
| - | -7.5m | -5.3m | -2.1m | -273,898 | 17,017 | ||
| - | 2.6m | 406,523 | 1.0m | 336,931 | 116,925 | ||
| -441,562 | 817,022 | - | 11,087 | 98,039 | - | ||
| 423,018 | 718,318 | -1.9m | -591,014 | -85,896 | -12,169 | ||
| - | - | - | - | - | 14.4% | ||
| -65.9% | -18.2% | -190.9% | 8.5% | 35.8% | 20.6% | ||
| 11.25 | 2.65 | 0.50 | 0.49 | 0.72 | 0.35 | ||
| 11.25 | 2.65 | 0.50 | 0.48 | 0.72 | 0.35 | ||
| - | - | - | 10.72 | 1.79 | 3.86 | ||
| - | - | - | - | -120.4% | 5.4% | ||
| -20.7% | -683.0% | -226.3% | -127.6% | -43.1% | 1.1% | ||
| 533 days | 3 days | - | - | - | 32 days | ||
| 201 days | 17 days | - | - | - | 20 days |
EBIT margin. Not meaningful: turnover is only a small part of operating income.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Insights on BUBBLE
The operating result for 2019 is a loss of €83,622, smaller than the loss of €5.3m in 2018.
Equity is negative. Debt (€770,342) exceeds the balance-sheet total (€464,294).
Large changes and their cause
- 2019 Turnover -100%, Net result +99% on 2018. The previous financial year ran 18 months, this one 12.
- 2015 Net result -614% on 2014. The previous financial year ran 6 months, this one 12.
Board & ownership
Mandates through the years
2 namesLuc Cloet
Voorzittervanderaadvandebestuurvandevennootschap
Voorzittervanderaadvandebestuurvandevennootschap
Jeroen D'Espallier
Day-to-day manager
Day-to-day manager
Earliermandate already running before its first mentionend not dated
Mandates as a list
- Luc Cloet
- Day-to-day manager, appointed by deed of 17-10-2019, last mentioned in 2019
- Voorzittervanderaadvandebestuurvandevennootschap, appointed by deed of 02-07-2020, last mentioned in 2020
- Jeroen D'Espallier
- Day-to-day manager, until 17-10-2019
Control
Capital
- Capital
- €4,638,180
- Source
- 2019 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- bpost
- VLAAMS INNOVATIEFONDS
- SI² FUND
- AULTMORE
Source: lists of holdings in the owners' accounts
Network & group
Holdings
own accounts to 30-06-2017This companyBUBBLE1 holding, 1 country
accounts to 30-06-2017
Europe 1 Equity Result
- NL Bubble Post B.V. 0 result 0
Source: list of holdings in its own 30-06-2017 accounts. The amounts are in that list, in each holding's own currency.
Earlier ties
| Radial Belgium via Luc Cloet, at BUBBLE, last mentioned in 2020 · Director · deed of 18-06-2020 founded in 2017 · negative equity (2025) · group bpost |
7.4 FTE (2025) |
| ADM via Luc Cloet, at BUBBLE, last mentioned in 2020 · Director · deed of 05-03-2015 founded in 1998 · accounts filed late |
total assets €51,775 (2023) |
| AMP via Luc Cloet, at BUBBLE, last mentioned in 2020 · Director · deed of 11-12-2019 founded in 1908 · group bpost |
450 FTE (2025) |
| PRESS SHOP AND MORE via Luc Cloet, at BUBBLE, last mentioned in 2020 · Director · deed of 03-02-2020 founded in 1930 · group bpost |
127 FTE (2025) |
| SPEOS BELGIUM via Luc Cloet, at BUBBLE, last mentioned in 2020 · Director · deed of 18-06-2020 founded in 1985 · group bpost |
221 FTE (2025) |
| XYLOS via Luc Cloet, at BUBBLE, last mentioned in 2020 · Director · deed of 18-08-2025 founded in 2005 |
126 FTE (2025) |
Show 9 more earlier ties
| EURO - SPRINTERS via Luc Cloet, at BUBBLE, last mentioned in 2020 · Director · deed of 16-01-2019 founded in 1992 · group bpost |
28 FTE (2025) |
| CERTIPOST via Luc Cloet, at BUBBLE, last mentioned in 2020 · Director · deed of 29-04-2020 founded in 2001 · group bpost |
turnover €684,180 (2025) |
| Alteris via Luc Cloet, at BUBBLE, last mentioned in 2020 · Chair of the board · deed of 18-06-2020 No longer active |
turnover €29.6m (2022) |
| UBIWAY SERVICES via Luc Cloet, at BUBBLE, last mentioned in 2020 · Director · deed of 03-02-2020 No longer active |
15 FTE (2022) |
| UBIWAY via Luc Cloet, at BUBBLE, last mentioned in 2020 · Director · deed of 03-02-2020 No longer active |
total assets €4.9m (2022) |
| BURNONVILLE via Luc Cloet, at BUBBLE, last mentioned in 2020 · Director · deed of 07-02-2020 No longer active |
4.7 FTE (2018) |
| Internationale Boekhandel Distributiedienst via Luc Cloet, at BUBBLE, last mentioned in 2020 · Director · deed of 24-12-2019 No longer active |
10 FTE (2019) |
| DISTRISUD-BELLENS via Luc Cloet, at BUBBLE, last mentioned in 2020 · Director · deed of 07-02-2020 No longer active |
10 FTE (2018) |
| KARIBOO! (in vereffening) via Luc Cloet, at BUBBLE, last mentioned in 2020 · Director · deed of 24-12-2019 No longer active |
total assets €78,214 (2021) |
Connections & network
This company
Company
Director
Shareholding
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Timeline
Timeline
15 events since 2012Board
Filings
Financial
End
Address
20122014201620182020202220242026
2020
Dissolution with immediate closure of the liquidation PDFDissolved and wound up in a single deed · Books and records kept by the sole shareholder
Appointment: Luc Cloet (voorzittervanderaadvandebestuurvandevennootschap)Board meeting of 22-04-20202 points ▸
- Board meeting, 22-04-2020
- Director appointment, Luc Cloet (voorzittervanderaadvandebestuurvandevennootschap)
Annual accounts 2019 filed PDFfull format · 74 days before the deadline
2019
Liquidity more than quadruples current ratio 11.25 The current ratio rises from 2.65 to 11.25. Short-term debt falls from €435,808 to €41,277.
Registered office moved from Sint-Katelijne-Waver to BrusselsNew registered office: Muntcentrum, 1000 Brussel · Previous registered office: Fortsesteenweg 56, 2860 Sint-Katelijne-Waver · Resignation: Jeroen D'Espallier (day-to-day manager) · Board meeting of 01-07-20194 points ▸
- Board meeting, 01-07-2019
- Registered-office move, Muntcentrum, 1000 Brussel
- Director resignation, Jeroen D'Espallier (day-to-day manager)
- Director appointment, Luc Cloet (day-to-day manager)
Annual accounts 2018 filed PDFfull format · 21 days late
2018
Weakest financial year net -€7.9m The net result drops to -€7.9m, the lowest from 2013 to 2019.
Liquidity more than 5 times current ratio 2.65 The current ratio rises from 0.50 to 2.65. Short-term debt falls from €3.8m to €435,808.
Annual accounts 2017 filed PDFabbreviated format · 28 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 20 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 42 days before the deadline
Annual accounts 2014 filed PDFabbreviated format · 19 days before the deadline
2014
Equity above €200,000 equity €277,358 ▲1,150% Equity rises from €22,192 to €277,358.
2013
Annual accounts 2013 filed PDFabbreviated format · 42 days before the deadline
2012
Incorporation PDF20 publications in the Belgian Official Gazette, the last on 17-12-2020
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
Company details
Inactive
Dissolved and wound up
BUBBLE is no longer in the KBO register.
- Status
- Inactive
- Reason
- Dissolved and wound up in a single deedBelgian Official Gazette, 17 December 2020 · deed
- Last annual accounts
- financial year to 31 December 2019
- Last registered office
- Muntcentrum, 1000 Brusselas published on 17 December 2020
- Legal form
- Public limited company
- First annual accounts
- financial year 2013