Active BE 0889.742.002Private limited companyOpen bankruptcy

BUBBLE LOUNGE

Bruggesteenweg 41 ·8830 Hooglede, Belgium· 19 yrs active

Sector: Accommodation (55100)

Conclusion Checked

A 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.

Key figures

Equity	€114k
Net result	€4k
Active	19 yrs
Publications	1

Snowflake analysis 5 axes · computed by Checked

30 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 51

Solvency 22

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2021 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 28-02-2023 with the NBB · fiscal year 2022 · micro

RevenueOperating resultNet result

Revenue

€212k

— 19–21

EBITDA

€106k

+158.0% 19–21

Net profit

€4k

— 19–21

Cash flow

€47k

— 19–21

Total assets

€560k

+14.0% 19–21

Equity

€114k

+246.9% 19–21

Working capital

€-45k

+30.0% 19–21

Employees (FTE)

0

— 19–21

Income taxes

€3k

— 19–21

Debt

€445k

-2.7% 19–21

Debt ≤ 1y

€90k

+21.2% 19–21

Debt > 1y

€356k

-7.4% 19–21

Current ratio

0.50

+269.4% 19–21

Quick ratio

0.48

+329.4% 19–21

Solvency

20.4%

+204.2% 19–21

Debt / equity

3.11

-73.3% 19–21

ROE

3.6%

— 19–21

ROA

0.7%

— 19–21

Net margin

1.9%

— 19–21

EBITDA margin

50.1%

— 19–21

Figures by fiscal year

Highlight YoY changes (±10%)

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

Assets

Fixed assets €515k · 92.0% Current assets €45k · 8.0%

Equity & liabilities

Equity €114k · 20.5% Debt €445k · 79.6%

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

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	ELISA DECOSTERE ROESELAARSESTRAAT 55 A, 8850 ARDOOIE	21-09-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Accommodation(55100)
Legal form	Private limited company(015)
Incorporation	23-05-2007
Status	Active
Postal code	8830
First BS signal	29-09-2023
Latest BS signal	29-09-2023

Company structure — linked entities1 linked entities

Mandates

Real-estate footprint Source: CBE × cadastre

Parcels 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.
36005A0067/00T000	Flanders	2,256 m²	1 · 509 m²	—

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

29-09-2023

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · BUBBLE LOUNGE BV BRUGGE- STEENWEG 41, 8830 HOOGLEDE · event 21-09-2023

28-02-2023