BUBBLE LOUNGE
Bankruptcy closedInactive since 09-09-2026; last annual accounts for fiscal year 2022.
Summary
BUBBLE LOUNGE was declared bankrupt on 21-09-2023 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 08-09-2026, published in the Belgian State Gazette on 14-09-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 28-02-2023, 28 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
not filed
2024
not filed
2023
not filed
2022
28 d late
2021
28 d late
2020
2 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 15 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2022, micro schema
Turnover
€145,690▼ 31.1%
2021 · €211,599
EBIT margin
-11.4%▼ 41.3pp
2021 · 29.9%
Net result
-€25,300
2021 · €50,758
Working capital
-€77,548▼ 72.9%
2021 · -€44,852
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Turnover€151,163€211,599▲ 40.0%€145,690▼ 31.1%
Operating result€4,654-€33,784▲ 626%€63,359▲ 87.5%-€16,536
Net result-€5,800-€30,710€50,758▲ 65.3%-€25,300
EBIT margin22.3%29.9%▲ 7.6pp-11.4%▼ 41.3pp
Equity€32,995-€63,706▲ 93.1%€114,464▲ 79.7%€89,163▼ 22.1%
Total assets€490,866-€481,024▼ 2.0%€559,828▲ 16.4%€553,653▼ 1.1%
Debt€457,871-€417,319▼ 8.9%€445,364▲ 6.7%€464,490▲ 4.3%
Working capital-€64,083--€45,078▲ 29.7%-€44,852▲ 0.5%-€77,548▼ 72.9%
Staff (FTE)0-
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €16,536 after €63,359 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €553,653
Fixed assets
€537,816 ▲ 4.5%
Current assets
€15,837 ▼ 64.8%
Equity and liabilities €553,653
Equity
€89,163 ▼ 22.1%
Debt
€464,490 ▲ 4.3%
Debt's share of the balance-sheet total rises from 79.6% to 83.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24,892▼
2021 · €106,051
Cash flow
€16,127▼
2021 · €93,450
Current ratio
0.17▼
2021 · 0.50
Quick ratio
0.15▼
2021 · 0.48
Debt to equity
5.21▲
2021 · 3.11
ROE
-28.4%▼
2021 · 44.3%
ROA
-4.6%▼
2021 · 9.1%
Interest coverage
2.84
Debt ≤ 1 year
€93,385▲
2021 · €89,850
Debt > 1 year
€371,105▲
2021 · €355,514
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | €151,163 | €211,599 | €145,690 | ▼ 31.1% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €116,237 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,451 | €9,440 | €42,692 | €41,428 | ▼ 3.0% |
| Other operating charges640/8 | - | - | - | €4,494 | - |
| Non-recurring operating charges66A | - | - | - | €68 | - |
| Gross operating margin9900 | €44,849 | €47,351 | €108,675 | €29,453 | ▼ 72.9% |
| Operating profit (loss)9901 | €4,654 | €33,784 | €63,359 | -€16,536 | ▼ 126% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | €65 | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €8,764 | - |
| Recurring financial charges65 | €10,519 | €3,073 | €9,491 | €8,764 | ▼ 7.7% |
| Profit (loss) for the period before taxes9903 | -€5,800 | €30,710 | €53,867 | -€25,300 | ▼ 147% |
| Income taxes67/77 | - | - | €3,108 | - | - |
| Profit (loss) for the period9904 | -€5,800 | €30,710 | €50,758 | -€25,300 | ▼ 150% |
| Profit (loss) for the period to be appropriated9905 | -€5,800 | €30,710 | €50,758 | -€25,300 | ▼ 150% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €490,866 | €481,024 | €559,828 | €553,653 | ▼ 1.1% |
| Fixed assets21/28 | €480,815 | €471,375 | €514,830 | €537,816 | ▲ 4.5% |
| Tangible fixed assets22/27 | €480,115 | €470,675 | €514,130 | €537,116 | ▲ 4.5% |
| Land and buildings22 | - | - | - | €396,599 | - |
| Plant, machinery and equipment23 | - | - | - | €103,346 | - |
| Furniture and vehicles24 | - | - | - | €27,477 | - |
| Leasing and similar rights25 | - | - | - | €6,620 | - |
| Other tangible fixed assets26 | - | - | - | €3,073 | - |
| Financial fixed assets28 | €700 | €700 | €700 | €700 | = |
| Current assets29/58 | €10,051 | €9,649 | €44,998 | €15,837 | ▼ 64.8% |
| Stocks and contracts in progress3 | €1,722 | €1,652 | €1,652 | €1,652 | = |
| Stocks30/36 | - | - | - | €1,652 | - |
| Amounts receivable within one year40/41 | €5,695 | €4,931 | €2,701 | €13,551 | ▲ 402% |
| Trade receivables40 | - | - | - | €11,460 | - |
| Other amounts receivable41 | - | - | - | €2,091 | - |
| Cash at bank and in hand54/58 | €2,634 | €3,067 | €40,646 | €635 | ▼ 98.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €490,866 | €481,024 | €559,828 | €553,653 | ▼ 1.1% |
| Equity10/15 | €32,995 | €63,706 | €114,464 | €89,163 | ▼ 22.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Uncalled capital101 | - | - | - | €12,400 | - |
| Reserves13 | €104,152 | €104,152 | €104,152 | €104,152 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Legal reserve130 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €102,292 | - |
| Profit (loss) carried forward14 | -€77,357 | -€46,646 | €4,112 | -€21,189 | ▼ 615% |
| Amounts payable17/49 | €457,871 | €417,319 | €445,364 | €464,490 | ▲ 4.3% |
| Amounts payable after more than one year17 | €383,737 | €362,591 | €355,514 | €371,105 | ▲ 4.4% |
| Financial debts170/4 | - | - | - | €371,105 | - |
| Amounts payable within one year42/48 | €74,134 | €54,728 | €89,850 | €93,385 | ▲ 3.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €61,255 | - |
| Financial debts43 | - | - | - | €4,677 | - |
| Credit institutions430/8 | - | - | - | €4,677 | - |
| Trade debts44 | €10,610 | €1,660 | €17,965 | €8,268 | ▼ 54.0% |
| Suppliers440/4 | - | - | - | €8,268 | - |
| Advances received on contracts in progress46 | - | - | - | €794 | - |
| Taxes, remuneration and social security45 | - | - | - | €3,390 | - |
| Taxes450/3 | - | - | - | €3,390 | - |
| Other amounts payable47/48 | - | - | - | €14,999 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,800 | €30,710 | €50,758 | -€25,300 | ▼ 150% |
| + Depreciation and write-downs630 | €36,451 | €9,440 | €42,692 | €41,428 | ▼ 3.0% |
| Operating cash flow (approximation) | €30,651 | €40,150 | €93,450 | €16,127 | ▼ 82.7% |
| Investment in fixed assets (approximation) | - | €0 | -€86,147 | -€64,414 | ▲ 25.2% |
| Change in cash | - | €433 | €37,579 | -€40,011 | ▼ 206% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
14-09
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 08-09-2026
2023
29-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 21-09-2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
30-06
Financial
Weakest financial yearnet -€25,300
Net result drops to -€25,300, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
30-06
Financial
Highest result since 2019net €50,758 ▲65.3%
Operating result €63,359, net result €50,758, both a record.
30-06
Financial
Equity above €100,000Eq €114,464 ▲79.7%
2 profitable years in a row build equity to €114,464.
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
30-06
Financial
Back to profitnet €30,710
Net result €30,710 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 11 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Show earlier events
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
28-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
05-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 5 days late
2014
05-03
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 33 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Hooglede
Ground area
722 m²
Building footprint
106 m²
Volume, LiDAR
716 m³
Parcel 36005A0497/00E002, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36005A0497/00E002indicative | Flanders | 722 m² | 1 · 106 m² | 11.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ELISA DECOSTERE ROESELAARSESTRAAT 55 A,
8850 ARDOOIE |
21-09-2023 → 08-09-2026 |