BUBBLE LAB
InactiveOverview
Activity
Activity not known
Size
€16,728total assets 2024
- Equity
- -€181,748
- Loss
- -€22,253
Turnover not published (micro format)
Financial health
Inactive: no score
Structure
1 of 2 deeds summarised
Signalsraises riskNegative equityAnnual accounts not filedneutralA punctual record breaksShow the evidence
Signals
Three signals.
raises riskneutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year -€181,748
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 90 days later.
NBB · 4 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline29-10-2026 today
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
29 days late
2023
69 days early
2022
on the day
2021
100 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 35 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- End & cessationResignations: Benoit MORTELMANS (director) and…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
2024 annual accounts filed late (29 days) Filed on 29 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00466166.
Equity
-€181,748▼ 14.0%
2023 · -€159,494
Total assets
€16,728▼ 54.7%
2023 · €36,907
Net result
-€22,253▲ 50.2%
2023 · -€44,674
Working capital
-€132,053▼ 19.2%
2023 · -€110,820
Trend over the years
2021 to 2024, 4 financial years
The operating result stays negative: a loss of €22,184 in 2024 against €37,022 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€22,184
2024
Net result-€22,253
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€16,728
2024
Equity-€181,748
2024
Debt€198,476
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€132,053
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2021202220232024
Operating result-€48,384--€55,623▼ 15.0%-€37,022▲ 33.4%-€22,184▲ 40.1%
Net result-€52,362--€63,458▼ 21.2%-€44,674▲ 29.6%-€22,253▲ 50.2%
Equity-€51,362--€114,820▼ 124%-€159,494▼ 38.9%-€181,748▼ 14.0%
Total assets€79,788-€86,964▲ 9.0%€36,907▼ 57.6%€16,728▼ 54.7%
Debt€131,150-€201,784▲ 53.9%€196,401▼ 2.7%€198,476▲ 1.1%
Working capital-€52,182--€82,460▼ 58.0%-€110,820▼ 34.4%-€132,053▼ 19.2%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16,728
Fixed assets
€306 ▼ 96.4%
Current assets
€16,422 ▼ 41.3%
Equity and liabilities
Equity-€181,748
Debt€198,476
Equity is negative: debt (€198,476) exceeds the balance-sheet total (€16,728).
Key figures and ratios
EBITDA
-€13,574▼
2023 · -€4,537
Cash flow
-€13,644▼
2023 · -€12,189
Current ratio
0.11▼
2023 · 0.20
ROA
-133.0%▼
2023 · -121.0%
Interest coverage
-145.15▼
2023 · -0.59
Debt ≤ 1 year
€148,476▲
2023 · €138,811
Debt > 1 year
€50,000=
2023 · €50,000
A ratio outside any meaningful range has been withheld (balance sheet total €16,728, equity -€181,748).
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,502 | €32,988 | €32,485 | €8,610 | ▼ 73.5% |
| Other operating charges640/8 | €695 | €348 | €384 | €407 | ▲ 6.0% |
| Gross operating margin9900 | -€22,188 | -€22,287 | -€4,153 | -€13,167 | ▼ 217% |
| Operating profit (loss)9901 | -€48,384 | -€55,623 | -€37,022 | -€22,184 | ▲ 40.1% |
| Financial income75/76B | €11 | - | - | €24 | - |
| Recurring financial income75 | €11 | - | - | €24 | - |
| Financial charges65/66B | €3,989 | €7,835 | €7,652 | €94 | ▼ 98.8% |
| Recurring financial charges65 | €3,989 | €7,835 | €7,652 | €94 | ▼ 98.8% |
| Profit (loss) for the period before taxes9903 | -€52,362 | -€63,458 | -€44,674 | -€22,253 | ▲ 50.2% |
| Profit (loss) for the period9904 | -€52,362 | -€63,458 | -€44,674 | -€22,253 | ▲ 50.2% |
| Profit (loss) for the period to be appropriated9905 | -€52,362 | -€63,458 | -€44,674 | -€22,253 | ▲ 50.2% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €79,788 | €86,964 | €36,907 | €16,728 | ▼ 54.7% |
| Formation expenses20 | €16,363 | €8,031 | €311 | - | - |
| Fixed assets21/28 | €52,461 | €33,370 | €8,604 | €306 | ▼ 96.4% |
| Intangible fixed assets21 | €51,616 | €32,864 | €8,437 | €306 | ▼ 96.4% |
| Tangible fixed assets22/27 | €844 | €506 | €167 | - | - |
| Furniture and vehicles24 | €844 | €506 | €167 | - | - |
| Current assets29/58 | €10,964 | €45,563 | €27,991 | €16,422 | ▼ 41.3% |
| Amounts receivable within one year40/41 | €3,352 | €12,805 | €13,175 | €16,161 | ▲ 22.7% |
| Trade receivables40 | - | - | - | €3,357 | - |
| Other amounts receivable41 | €3,352 | €12,805 | €13,175 | €12,805 | ▼ 2.8% |
| Cash at bank and in hand54/58 | €4,279 | €32,759 | €14,745 | €261 | ▼ 98.2% |
| Deferred charges and accrued income490/1 | €3,333 | - | €72 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €79,788 | €86,964 | €36,907 | €16,728 | ▼ 54.7% |
| Equity10/15 | -€51,362 | -€114,820 | -€159,494 | -€181,748 | ▼ 14.0% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€52,362 | -€115,820 | -€160,494 | -€182,748 | ▼ 13.9% |
| Amounts payable17/49 | €131,150 | €201,784 | €196,401 | €198,476 | ▲ 1.1% |
| Amounts payable after more than one year17 | €66,667 | €66,667 | €50,000 | €50,000 | = |
| Financial debts170/4 | €66,667 | €66,667 | €50,000 | €50,000 | = |
| Amounts payable within one year42/48 | €63,146 | €128,024 | €138,811 | €148,476 | ▲ 7.0% |
| Current portion of amounts payable after more than one year42 | €33,333 | €84,670 | €108,431 | €116,021 | ▲ 7.0% |
| Trade debts44 | €5,290 | €13,048 | €2,801 | €5,372 | ▲ 91.8% |
| Suppliers440/4 | €5,290 | €13,048 | €2,801 | €5,372 | ▲ 91.8% |
| Taxes, remuneration and social security45 | - | €348 | €384 | - | - |
| Taxes450/3 | - | €348 | €384 | - | - |
| Other amounts payable47/48 | €24,523 | €29,958 | €27,195 | €27,083 | ▼ 0.4% |
| Accrued charges and deferred income492/3 | €1,337 | €7,094 | €7,590 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€52,362 | -€63,458 | -€44,674 | -€22,253 | ▲ 50.2% |
| + Depreciation and write-downs630 | €25,502 | €32,988 | €32,485 | €8,610 | ▼ 73.5% |
| Operating cash flow (approximation) | -€26,860 | -€30,470 | -€12,189 | -€13,644 | ▼ 11.9% |
| Investment in fixed assets (approximation) | - | -€13,897 | -€7,719 | -€311 | ▲ 96.0% |
| Change in cash | - | €28,479 | -€18,014 | -€14,484 | ▲ 19.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 29-08-2025 | 2025-00466166 |
| 31-12-2023 | micro format | 23-05-2024 | 2024-00101621 |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00296413 |
| 31-12-2021 | micro format | 22-04-2022 | 2022-20006513 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
no sitting director read yet, last change in 2026
No directors read yet: 1 of 2 Gazette acts processed. See the directors and other office holders in the KBO →
Mandate history
2 people since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Benoit MORTELMANS |
|
| Marie-Ange LE |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2026
12-05
Gazette deed
End & cessationResignations: Benoit MORTELMANS (director) and Marie-Ange LE (director) · Approval · Declaration22 facts ▸
Gazette deed
End & cessation
Resignations: Benoit MORTELMANS (director) and Marie-Ange LE (director) · Approval · Declaration22 facts ▸
- General meeting, 30-03-2026
- Other provision, “agenda buitengewone algemene vergadering” (deed in Dutch)
- Approval, “EERSTE BESLUIT” (deed in Dutch)
- Declaration, “TWEEDE BESLUIT” (deed in Dutch)
- Other provision, “aard resterende activa, praktische realisatie,verdeling onder huidige aandeelhouders,overdracht” (deed in Dutch)
- Approval, “goedgekeurd zonder meer,geen bemerking, algemene vergadering” (deed in Dutch)
- Dissolution, “voluntary, vrijwillige vervroegde ontbinding en vereffening” (deed in Dutch)
- Liquidation distribution, “kennisname en goedkeuring, algemene vergadering” (deed in Dutch)
- Other provision, “VIERDE BESLUIT-overwegingen punten 1-4, alle werkzaamheden daadwerkelijk gestaakt voor opmaken staat” (deed in Dutch)
- Other provision, “vaststellingen punten 5-9” (deed in Dutch)
- Asset distribution, “van rechtswege, desgevallend als onverdeelde eigenaars, huidige respectievelijke participaties, naar hoegrootheid en aard” (deed in Dutch)
- Other provision, “vereffeningswerkwijze, artikel 2:79 WVV” (deed in Dutch)
- +10 further facts in this act
2025
29-08
NBB filing
Annual accounts filed
financial year 2024 · micro format · 29 days late
2024
23-05
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
31-07
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
31-12
Financial
Weakest financial yearnet -€63,458
Net result drops to -€63,458, the lowest in the series.
22-04
NBB filing
Annual accounts filed
financial year 2021 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 2 deeds read
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not 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.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Tervuren
Ground area
809 m²
Building footprint
128 m²
Building volume
6 m³
Parcel 24023B0241/00E002, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24023B0241/00E002 | Flanders | 809 m² | 1 · 128 m² | 0.2 m |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
- Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.
- “3080 Tervuren, Kapucienenstraat 6, wettelijk bepaalde termijnen” (deed in Dutch)
Read from the deeds: 1 provision, deed of 12-05-2026