Turnover
≈ €550,000 estimated
The micro format states no turnover.
BUBBLE TEA
Overview
Lifetime
2 annual accounts with figures on one time axispeak €345,149 (2024)
€176,216▼ 48.9%
lowest -€1,543 (2024)
€29,999▲ €31,543
peak €29,456 (2025)
€29,456▲ €29,999
€137,803▲ 16.4%
Board2 names since 2023
1 directorAKAYYAN Felicia
Documentsfilings and deeds
09-06-202652 days before the deadline
2025micro format
Gross margin from €345,149 to €176,216Back to profit: €29,999Equity from -€543 to €29,456Debts from €118,343 to €137,803
Key points
from the 2025 annual accountsChecked score
53
Fair
Financially stronger than 62% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.5%
01-2025: 5.5%● unchanged vs 12-2024
02-2025: 5.3%▼ -0.2 percentage points vs 01-2025
03-2025: 5.3%● unchanged vs 02-2025
04-2025: 5.8%▲ +0.5 percentage points vs 03-2025highest value
05-2025: 5.8%● unchanged vs 04-2025highest value
06-2025: 2.2%▼ -3.6 percentage points vs 05-2025
07-2025: 2.2%● unchanged vs 06-2025
08-2025: 2.2%● unchanged vs 07-2025
09-2025: 2.2%● unchanged vs 08-2025
10-2025: 2.2%● unchanged vs 09-2025
11-2025: 2.2%● unchanged vs 10-2025
12-2025: 2.2%● unchanged vs 11-2025
01-2026: 2.0%▼ -0.2 percentage points vs 12-2025lowest value
02-2026: 2.0%● unchanged vs 01-2026lowest value
03-2026: 2.0%● unchanged vs 02-2026lowest value
04-2026: 2.0%● unchanged vs 03-2026
05-2026: 2.1%▲ +0.1 percentage points vs 04-2026
06-2026: 2.0%▼ -0.1 percentage points vs 05-2026
07-2026: 2.5%▲ +0.5 percentage points vs 06-2026
08-2026: 2.6%▲ +0.1 percentage points vs 07-2026
09-2026: 2.5%▼ -0.1 percentage points vs 08-2026
10-2026: 2.5%● unchanged vs 09-2026
11-2026: 2.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Founded in 2023
Size: total assets €167,259
lowers risk
Liquidity: current ratio 1.21, cash €53,829
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 56, micro). It does better than 40% of them on solvency, 41% on liquidity, 69% on profitability and 99% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 7,976 companies had the same profile as BUBBLE TEA has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BUBBLE TEA itself: 2.5% 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 7,976 companies, not a prediction for BUBBLE TEA. 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 €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.21 (0.99 in 2024), below the usual 1.5. Short-term debt is 82.4% and cash 32.2% of total assets. 82.4% 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 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
52 days early
2024
76 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 64 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0801487046
Appointment: AKAYYAN Andon (director)
General meeting of 03-07-2023 · Gazette deed
First establishment
Heuvelstraat 7, Brussels
Incorporation
Founder: AKAYYAN Felicia · Appointment: AKAYYAN Felicia (director) · 300 shares · published on 09-05-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BUBBLE TEA Brussels | €167,259 | €176,216 | 17.6% | - |
| Orange Hat Brussels | €156,347 | €197,364 | -12.5% | - |
| LA TRADIZIONE La Louvière | €170,018 | €155,442 | -11.0% | - |
| MARMARIS Mouscron | €151,120 | €162,117 | 17.6% | - |
| ROLLING FRIES Halen | €165,291 | €207,816 | 72.2% | - |
| A3 Pizza Zulte | €156,951 | €164,562 | 53.0% | - |
| QF Sushi Ostend | €155,861 | €150,697 | 65.9% | - |
These companies have the same main activity as BUBBLE TEA: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €151,000 and €170,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 05-05-2023Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Establishment unit
- 2.347.677.1421000 Brussels, since 01-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2025
Annual accounts 2025
- €176,216▼ 48.9%
- €29,999
- €29,456
- €167,259▲ 42.0%
- Employeeson 31-12-2025
- 12▲ 20.0%
- Filing
- Filed on 09-06-2026, 52 days before the end of the filing period
Insights on BUBBLE TEA
The computed 12-month bankruptcy probability of BUBBLE TEA is 2.5% (moderate). The 2025 annual accounts show equity of €29,456 and a net result of €29,999.
Its solvency ranks better than 40% of 17,158 sector peers (NACE 56, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 09-06-2026, 52 days before the deadline€176,216
▼ 48.9%
€34,862
▲ 534%
€29,999
▲ €31,543
€29,093
▲ €29,999
17.6%
▲ 18.1 percentage points
1.21
▲ 0.22
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €550,000. Estimated: probably between €400,000 and €670,000.
Balance sheet
balance sheet total €167,259 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
17.6%
Higher than 40% of 17,158 companies in 2025.
1.21
Higher than 54% of 16,582 companies in 2025.
17.9%
Higher than 77% of 16,665 companies in 2025.
BUBBLE TEA
Middle half of the sector
80% of the sector
Micro accounts in food and beverage service (NACE 56)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€17,385
Staff costs divided by the average number of full-time equivalents.
+2 people
people who joined
people who left
In 2025, 14 people joined and 12 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
167,259 | 117,800 | |
21/28 |
363 | 363 | |
28 |
363 | 363 | |
29/58 |
166,896 | 117,437 | |
40/41 |
109,040 | 38,286 | |
40 |
86,962 | 27,873 | |
41 |
22,078 | 10,413 | |
54/58 |
53,829 | 75,163 | |
490/1 |
4,026 | 3,987 | |
| Balance sheet: equity and liabilities | |||
10/49 |
167,259 | 117,800 | |
10/15 |
29,456 | -543 | |
10/11 |
1,000 | 1,000 | |
14 |
28,456 | -1,543 | |
17/49 |
137,803 | 118,343 | |
42/48 |
137,803 | 118,343 | |
44 |
123,786 | 83,078 | |
440/4 |
123,786 | 83,078 | |
45 |
13,378 | 25,665 | |
454/9 |
13,378 | 25,665 | |
47/48 |
639 | 9,600 | |
| Income statement | |||
9900 |
176,216 | 345,149 | |
62 |
139,078 | 334,313 | |
630 |
- | 1,130 | |
640/8 |
2,277 | 4,206 | |
9901 |
34,862 | 5,500 | |
75/76B |
376 | 17 | |
75 |
376 | 17 | |
65/66B |
5,239 | 7,060 | |
65 |
5,239 | 7,060 | |
9903 |
29,999 | -1,543 | |
9904 |
29,999 | -1,543 | |
9905 |
29,999 | -1,543 | |
| Appropriation of the result | |||
9906 |
28,456 | -1,543 | |
14P |
-1,543 | - | |
| Social balance sheet | |||
9087 |
8 | 5.4 | |
Hours worked1013 |
6,503 | 14,475 | |
| Document | |||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| - | 6,630 | ||
| - | -413 | ||
| - | 363 | ||
| -21,334 | - | ||
| 29,093 | -906 | ||
| 17.6% | -0.5% | ||
| 1.21 | 0.99 | ||
| 4.68 | - | ||
| 101.8% | - | ||
| 17.9% | -1.3% | ||
| - | 0.94 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 12 | 10 |
| full-time | 2 | 3 |
| part-time | 10 | 7 |
| in full-time equivalents | 7.9 | 6.3 |
| 6.6 | 5.4 | |
| On a permanent contract | 3 | 6 |
| Joined | 14 | 26 |
| Left | 12 | 16 |
| Training hours | - | 296 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Financial fixed assets | - | €363 |
| - | €1,130 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on BUBBLE TEA
The operating result for 2025 is over 6.3 times that of 2024.
Debt's share of the balance-sheet total is 82.4%.
Board & ownership
Board
1 director, no change since May 2023Director (not named in the articles)
appointed by deed of 09-05-2023
term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 09-06-2026
Mandates through the years
2 names, the dashed line is todayAKAYYAN Felicia
Director (not named in the articles)
Director (not named in the articles)
AKAYYAN Andon
Director
Director
BoardEarlierend not dated
Mandates as a list
- AKAYYAN Felicia
- Director (not named in the articles), appointed by deed of 09-05-2023, still in office
- AKAYYAN Andon
- Director, appointed by deed of 31-07-2023, no longer listed in the 2025 annual accounts
Control
Capital
- Contribution
- €1,000
- Shares
- 300
- Contribution per share
- €3.33
- Equity per share
- €98.19 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 09-05-2023 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of May at 18:30
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Founder
At incorporation
deed of 09-05-2023 ↗
- AKAYYAN Felicia sole founder · 100% at incorporation
Network & group
No group
BUBBLE TEA has no parent and no holdings in its annual accounts. AKAYYAN Felicia is the only director.
At the same address
Heuvelstraat 7, 1000 Brussels · 2 other companies| BELGIAN WAFFEL
registered office since 13-01-2020 · founded in 2020 |
total assets €252,915 (2025) 0741.459.684 |
| SALES COACHING AND SERVICES
establishment since 17-06-2010 · founded in 2010 |
total assets €108,943 (2025) 0826.735.651 |
Earlier ties
| SIMPEX GROUP INTERNATIONAL via AKAYYAN Andon, no longer at SIMPEX GROUP INTERNATIONAL · Permanent representative · deed of 05-02-2018 founded in 1993 |
30 FTE (2026) |
| ENTREPRENDRE BRUXELLES, PROMOTION DES COMMERCES ET ENTREPRISES DE LA VILLE DE BRUXELLES via AKAYYAN Andon, no longer at ENTREPRENDRE BRUXELLES, PROMOTION DES COMMERCES ET ENTREPRISES DE LA VILLE DE BRUXELLES · Director · deed of 22-02-2019 founded in 2013 |
7.2 FTE (2025) |
| IMAKSA via AKAYYAN Andon, no longer at IMAKSA · Director · deed of 05-02-2018 founded in 2002 |
total assets €475,825 (2025) |
| LE RENOUVEAU DU QUARTIER GRAND PLACE via AKAYYAN Andon, no longer at LE RENOUVEAU DU QUARTIER GRAND PLACE · Director · deed of 19-05-2020 |
founded in 2012 |
Connections & network
1 connected companyThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
La maison des gaufres
Founded in 2023 · total assets €1.8m (2025)
→
Timeline
Timeline
7 events since 2023Board
Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 52 days before the deadline
2025
Back to profit net €29,999 The net result is €29,999, after one loss-making year.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0801487046
Annual accounts 2024 filed PDFmicro format · 76 days before the deadline
2023
- General meeting, 03-07-2023
- Director appointment, AKAYYAN Andon
First establishment Heuvelstraat 7, Brussels
IncorporationFounder: AKAYYAN Felicia · Appointment: AKAYYAN Felicia (director) · 300 shares · published on 09-05-20234 points ▸
- Founder, AKAYYAN Felicia
- 300 shares
- Registered office clause, rue de la Colline 7, 1000 Bruxelles
- Director appointment, AKAYYAN Felicia (director (not named in the articles))
- The deed holds 4 more points.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 5 May 2023, BUBBLE TEA was incorporated as a private limited company by one natural person.12 AKAYYAN Felicia is director of the company, appointed by deed of 09-05-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 0801.487.046
- VAT number
- BE 0801.487.046
- Peppol ID
- 0208:0801487046
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 05-05-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of May at 18:30deed of 09-05-2023 (in French)
- Peppol
- Reachable since 31-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- BUBBLE TEA in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 09-05-2023 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 09-05-2023 (in French)
Activities
NACEBEL 2025VAT activities
56112
Limited-service restaurants, excluding mobile food services main activity
Social security (RSZ) activities
56112
Limited-service restaurants, excluding mobile food services main activity
Codes under NACEBEL 2008
VAT activities
56102
Limited-service restaurants main activity
Social security (RSZ) activities
56102
Limited-service restaurants main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes activités de restauration,traiteur et/ou de petite restauration; Toutes activités relatives à l'exploitation de débits de…”deed of 09-05-2023 (in French)
4 activities
- Toutes activités de restauration,traiteur et/ou de petite restauration
- Toutes activités relatives à l'exploitation de débits de boissons,tavernes,cafés,tea-rooms,brasseries,snacks,friteries,…
- Toutes activités relatives à la vente,sur place et à emporter,et à l’achat de tous produits et marchandises liés aux activités précitées,tant en ce qu’ils concernent la présentation (nappes,serviettes,mobilier,…),que la fabrication (tout matériel de cuisine,…),le contenant (emballages,packaging,plats,assiettes,verres,couverts,…) et le contenu (aliments et boissons au sens le plus large)
- Toutes opérations et toutes études ayant trait à tous biens et à tous droits immobiliers et aux biens et/ou à tous droits mobiliers qui en découlent tels que acheter,construire,transformer,aménager,louer,sous-louer,exploiter directement ou indirectement ou en régie,échanger,vendre,diviser horizontalement,lotir,mettre sous régime de copropriété et faire en général tout ce qui se rattache directement ou indirectement à la gestion ou à la mise en valeur pour elle-même ou pour autrui,de toutes propriétés immobilières bâties ou non bâties
Registered office and establishments
1 establishment| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Heuvelstraat 7 registered office 1000 Brussels | 01-07-2023 | 2.347.677.142 | Restaurant |
Buildings and parcels at the address
- Ground area
- 74 m²
- Buildings
- 47 m²
- Volume, LiDAR
- 619 m³
- Tallest building
- 15.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21004A0433/00A000 | 74 m² | 1 · 46 m² | 15.8 m · 5 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
Recognitions
Food safety, FASFC
1 siteBrusselsunit number 2.347.677.142