Age19 yrs
Real estate1 parcel · 2,503 m²
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for BUBBLE LOUNGE according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €114k and a net result of €4k.
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events29-09-2023
Bankruptcy
Opening
Signals
Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.
Trust signals
1 signalOpen bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
0 events
No administrative flags
Financials
Turnover€212k
EBIT margin29.9%
Net result€4k
Working capital€-45k+30.0%
Directors1
Annual accounts & ratios
Source: NBB · 2021Annual accounts filed on 28-02-2023 with the NBB · fiscal year 2022 · micro
€212k
-
19-21
€106k
+158.0%
+1% vs sector
€4k
-
-93% vs sector
€47k
-
-48% vs sector
€560k
+14.0%
-47% vs sector
€114k
+246.9%
-69% vs sector
€-45k
+30.0%
far below sector median
0
-
-100% vs sector
€3k
-
-65% vs sector
€445k
-2.7%
-35% vs sector
€90k
+21.2%
-20% vs sector
€356k
-7.4%
-38% vs sector
0.50
+269.4%
-83% vs sector
0.48
+329.4%
-84% vs sector
20.4%
+204.2%
-41% vs sector
3.11
-73.3%
+64% vs sector
3.6%
-
-81% vs sector
0.7%
-
-90% vs sector
1.9%
-
19-21
50.1%
-
19-21
Figures by fiscal year
| Fiscal year | 2021 |
|---|---|
| Revenue | €212k |
| EBITDA | €106k |
| Net profit | €4k |
| Cash flow | €47k |
| Staff costs | - |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €560k |
| Equity | €114k |
| Debt | €445k |
| of which ≤ 1y | €90k |
| of which > 1y | €356k |
| Working capital | €-45k |
| Employees (FTE) | - |
Ratios (computed)
| 2021 | |
|---|---|
| Current ratio | 0.50 |
| Quick ratio | 0.48 |
| Working capital ratio | -8.0% |
| Solvency | 20.4% |
| Debt / equity | 3.11 |
| Long-term debt ratio | 3.11 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | 1.9% |
| ROA | 0.7% |
| ROE | 3.6% |
| EBITDA margin | 50.1% |
| Days sales outstanding | 5d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €560k |
| Fixed assets | 21/28 | €515k |
| Tangible fixed assets | 22/27 | €514k |
| Financial fixed assets | 28 | €700 |
| Current assets | 29/58 | €45k |
| Stocks & contracts in progress | 3 | €2k |
| Amounts receivable within one year | 40/41 | €3k |
| Cash & bank | 54/58 | €41k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €560k |
| Equity | 10/15 | €114k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €104k |
| Accumulated profits (losses) | 14 | €4k |
| Amounts payable | 17/49 | €445k |
| Amounts payable after one year | 17 | €356k |
| Amounts payable within one year | 42/48 | €90k |
| Trade debts payable within one year | 44 | €18k |
| Income statement | ||
| Turnover | 70 | €212k |
| Gross operating margin | 9900 | €109k |
| Operating result | 9901 | €63k |
| Financial charges | 65 | €9k |
| Result before taxes | 9903 | €54k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €51k |
| Result to be appropriated | 9905 | €51k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2021 · computed0
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
indexingNo directors on record yet
Directors and mandates usually appear here within 24 hours of publication in the Belgian State Gazette.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | ELISA DECOSTERE ROESELAARSESTRAAT 55 A,
8850 ARDOOIE |
21-09-2023 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Hotels en dergelijke accommodatie(55100) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 23-05-2007 |
| Status | Active |
| Postal code | 8830 |
| First BS signal | 29-09-2023 |
| Latest BS signal | 29-09-2023 |
Structure & network
Company structure: linked entities
1 linked entityMandates
Locations & real estate
Parcels1
Ground area2,503 m²
Buildings1
Building footprint996 m²
Volume (LiDAR)4,735 m³
Tallest building7.2 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36005C0567/00V004indicative | Flanders | 2,503 m² | 1 · 996 m² | 7.2 m · 1 fl. |
Methodology
via registered seat: 1
0 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette29-09-2023
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Analysis
Snowflake analysis
financial profile on 5 axes30
/ 100
Fragile profile, watch health in particular.
Health
0
Profitability
51
Solvency
22
Growth
78
Stability
0
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Credit advice
verdict per customer and amountSimilar
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Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
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Primary activity highlighted.
Names & trade names
| Legal nameFR | BUBBLE LOUNGE |
Registered office
Bruggesteenweg 41
8830 Hooglede, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.