Equity
€14.8m ▲ 5.2%
Bubble Boutique has made a profit without a break since 2017.
Bubble Boutique
Lifetime
14 annual accounts with figures on one time axispeak €774,215 (2020)
-not published
lowest -€178,327 (2012)
€731,776▲ 13×
peak €14.8m (2025)
€14.8m▲ 5.2%
€41,412▼ 98.8%
peak 4.9 FTE (2020)
4.2 FTE▲ 16.7%
Board2 names since 2011
2 directorsCuisinier Pascal and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
08-04-202622 days before the deadline
Key points
from the 2025 annual accountsResult
€731,776 ▲ 13×
The result rose in 2025: mostly from a one-off income of €1.0m.
Staff
5 employees on 30-09-2025
In 2025, 1 person joined and nobody left.
Payment terms
1 day to suppliers
Bubble Boutique pays its suppliers 4 days earlier than in 2024. Customers pay 18 days earlier.
Restructuring
2
2 restructurings since 2025. Latest: merger with IMPACT.
Position in the sector
99.7%
Higher solvency than 95% of companies in wholesale trade. Sector median 45.2% · 6,191 companies.
Checked score
94
Excellent
Financially stronger than 51% 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 26,892 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
05-2026: 0.1%highest value
06-2026: 0.1%● unchanged vs 05-2026highest value
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 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 207.47, cash €457,825
lowers risk
Founded in 2011
Figures for financial year 2025 (filed on 08-04-2026)
Equity €14.8m (99.7% 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 90% of them on solvency, 59% on liquidity, 21% on profitability and 36% on growth.
The bankruptcy probability was computed on 07-11-2026 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 30-09-2025.
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, 10,904 companies had the same profile as Bubble Boutique has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of Bubble Boutique 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.
| 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 10,904 companies, not a prediction for Bubble Boutique. 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 €130,000 on 30-day terms is acceptable
Short-term debt is 0.3% and cash 3.1% of total assets. 0.3% 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-04-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 days early
2024
29 days early
2023
36 days early
2022
40 days early
2021
15 days late
2020
7 days early
2019
42 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 11 days before the deadline. 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 financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 1 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end08-11-2026 today30-04-2027 deadline
Board and ownership
CP
Cuisinier Pascal
Director
WF
Willems Fanny
Director
- Fanny WILLEMS 50%annual accounts 30-09-2017
- Pascal CUISINIER 50%annual accounts 30-09-2017
Shares in 3 companies, including CALYMBA and INTERBAT
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0836073088
Merger: BUBBLE BOUTIQUE takes over IMPACT
Gazette deed
Merger proposal: Bubble Boutique takes over Impact
The company holds all the shares of Impact · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Bubble Boutique Sint-Pieters-Leeuw | €1.3m | -26.8% | 99.7% | 4.2 |
| LOTAR Wemmel | €3.8m | 36.0% | 73.2% | 4.6 |
| SALICK Waregem | €1.9m | 19.3% | 87.6% | 9.9 |
| BLOCKX GROUP Arendonk | €1.3m | 9.5% | 68.6% | 7.7 |
| ALLIMEX INDUSTRIAL PRODUCTS Beringen | - | - | 25.7% | 2.2 |
| BROES INGREDIENTS Antwerp | - | - | 51.4% | 3.9 |
| EUROPEAN INDUSTRIES Malle | €0.7m | 70.7% | 50.3% | - |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Bubble Boutique: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €3.7m and €40m, founded between 2001 and 2013.
Official details
Source: KBO- Status
- Active since 06-05-2011Normal situation
- Activity
- Non-specialised wholesale tradeNACE 46900and 6 others
- Joint committee
- 201Independent retail · annual accounts 30-09-2023
- Establishment unit
- 2.200.264.7571600 Sint-Pieters-Leeuw, since 04-05-2011
- Financial year end
- 30 September
- Peppol
- Reachable since 27-03-2026
Annual accounts to 30-09-2025
- €14.9m▼ 14.9%
- Employeeson 30-09-2025
- 5▲ 25.0%
- Filing
- Filed on 08-04-2026, 22 days before the end of the filing period
Insights on Bubble Boutique
Bubble Boutique has existed since 2011. The present size dates from 2018. The gross margin rose that year from €73,498 to €318,972.
Solvency rose in 2025 from 80.7% to 99.7% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Bubble Boutique
- What is the company number of Bubble Boutique?
- The company number of Bubble Boutique is 0836.073.088. The VAT number is the same number with BE in front: BE 0836.073.088.
- Where is Bubble Boutique based?
- The registered office is at Postweg 401, 1600 Sint-Pieters-Leeuw.Company details
- What does Bubble Boutique do?
- According to the KBO register, the main activity is non-specialised wholesale trade (NACE 46900).
- What is the legal form of Bubble Boutique?
- Bubble Boutique is a private limited company (BV).
- When was Bubble Boutique founded?
- Bubble Boutique was founded on 06-05-2011.
- Is Bubble Boutique still active?
- Yes, Bubble Boutique is an active enterprise in the KBO register.
- How many employees does Bubble Boutique have?
- Bubble Boutique had an average of 4.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Bubble Boutique fall under?
- In its 30-09-2023 annual accounts, Bubble Boutique states joint committee 201 (Independent retail).
- What is the turnover of Bubble Boutique?
- The turnover of Bubble Boutique was €1.3m in financial year 2025, according to the filed annual accounts.
- Is Bubble Boutique profitable?
- In financial year 2025, Bubble Boutique made a profit of €731,776.
- Where can I find the annual accounts of Bubble Boutique?
- Bubble Boutique filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Bubble Boutique due?
- Bubble Boutique must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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