Equity
€225,424 ▲ 39.7%
BUBBLE TREE has made a profit in every financial year since 2019.
BUBBLE TREE
Overview
Lifetime
7 annual accounts with figures on one time axispeak €106,865 (2025)
€106,865▲ 44.9%
peak €84,072 (2025)
€84,072▲ 43.1%
peak €225,424 (2025)
€225,424▲ 39.7%
€81,919▲ 36.0%
Board1 name since 2019
1 director
Documentsfilings and deeds
02-02-20262 days late
2025micro format
Gross margin from €73,773 to €106,865Result from €58,770 to €84,072Dividend €20,000Equity from €161,352 to €225,424Debts from €60,213 to €81,919Cash from €3,242 to €6,859
Key points
from the 2025 annual accountsTurnover
≈ €180,000 estimated
The micro format states no turnover.
Filings
7 annual accounts 6 late
The 2023 accounts came latest: 145 days after the end of the period.
Starting capital
€18,600 100 shares
At the same address
310 companies
Position in the sector
€84,072
Higher net result than 81% of companies in head offices and management consultancy. Sector median €26,448 · 41,229 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,973 companies had the same profile as BUBBLE TREE has now. Each dot stands for 68 companies, two years later.
94.8%
were still trading
3.5%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 26,973 companies, not a prediction for BUBBLE TREE. 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 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
Recent changes
Registered office moved from Uccle to Ixelles
New registered office: Avenue Louise, 523 1050 Ixelles · Previous registered office: Avenue Maréchal Joffre, 132/7, 1180 Uccle Belgique · General meeting of 10-03-2022 · Gazette deed
Incorporation
Founding capital of €18,600, 100 shares · Founders: and · Appointment: (manager) · published on 19-02-2019 · Gazette deed
First establishment
Maarschalk Joffrelaan 132, Uccle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BUBBLE TREE Ixelles | €307,342 | €106,865 | 73.3% | - |
| GFDA Consulting Ixelles | €324,597 | €106,443 | 61.0% | - |
| ATROPAL Ixelles | €326,100 | €90,896 | 35.3% | - |
| EIBSEE CONSULTING Ixelles | €393,659 | €102,511 | 97.8% | - |
| R-Qubed (Europe) Ganshoren | €291,182 | €103,672 | 47.7% | - |
| HdH Consulting & Services Uccle | €273,244 | €109,512 | 29.1% | - |
| STUBIK Uccle | €294,781 | €99,569 | 97.3% | - |
These companies have the same main activity as BUBBLE TREE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €273,000 and €394,000, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 15-02-2019Normal situation
- Registered office
- 311 active companies are registered at this address10 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.329.501.6191180 Uccle, since 15-02-2019
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Annual accounts to 30-06-2025
- €106,865▲ 44.9%
- €84,072▲ 43.1%
- €225,424▲ 39.7%
- €307,342▲ 38.7%
- Filing
- Filed on 02-02-2026
Insights on BUBBLE TREE
BUBBLE TREE files the micro format. That format states no turnover. The gross margin rose from €20,300 in 2019 to €106,865 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 02-02-2026, 2 days late€106,865
▲ 44.9%
€106,865
▲ 44.9%
€84,072
▲ 43.1%
€225,242
▲ 39.6%
73.3%
▲ 0.5 percentage points
3.75
▲ 0.07
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 ≈ €180,000. Estimated: probably between €150,000 and €220,000.
Balance sheet
balance sheet total €307,342 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
73.3%
Higher than 69% of 41,211 companies in 2025.
3.75
Higher than 71% of 39,782 companies in 2025.
27.4%
Higher than 69% of 40,303 companies in 2025.
BUBBLE TREE
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
307,342 | 221,565 | 235,636 | 161,962 | 100,234 | 52,051 | 24,634 | |
21/28 |
182 | - | - | - | - | - | - | |
28 |
182 | - | - | - | - | - | - | |
29/58 |
307,160 | 221,565 | 235,636 | 161,962 | 100,234 | 52,051 | 24,634 | |
29 |
180,000 | 180,000 | 180,000 | 125,000 | - | - | - | |
291 |
180,000 | 180,000 | 180,000 | 125,000 | - | - | - | |
40/41 |
120,301 | 38,323 | 32,383 | 36,288 | 97,220 | 45,275 | 12,633 | |
40 |
31,602 | 25,457 | 27,800 | 19,300 | 5,100 | 5,100 | 12,633 | |
41 |
88,699 | 12,867 | 4,583 | 16,988 | 92,120 | 40,175 | - | |
54/58 |
6,859 | 3,242 | 23,253 | 673 | 3,014 | 6,776 | 12,002 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
307,342 | 221,565 | 235,636 | 161,962 | 100,234 | 52,051 | 24,634 | |
10/15 |
225,424 | 161,352 | 102,581 | 119,940 | 73,698 | 35,168 | 16,264 | |
10/11 |
18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
130 |
- | - | - | - | - | - | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
14 |
204,964 | 140,892 | 82,121 | 111,880 | 65,638 | 27,108 | 8,204 | |
17/49 |
81,919 | 60,213 | 133,055 | 42,022 | 26,537 | 16,882 | 8,371 | |
42/48 |
81,919 | 60,213 | 133,055 | 42,022 | 26,537 | 16,882 | 8,371 | |
44 |
3,606 | 4,405 | 1,120 | 1,063 | 3,569 | 4,381 | 2,080 | |
440/4 |
3,606 | 4,405 | 1,120 | 1,063 | 3,569 | 4,381 | 2,080 | |
45 |
58,313 | 55,808 | 51,881 | 40,958 | 22,968 | 12,501 | 5,086 | |
450/3 |
58,313 | 55,808 | 51,881 | 40,958 | 22,968 | 12,501 | 5,086 | |
47/48 |
20,000 | 0 | 80,055 | - | - | - | 1,205 | |
| Income statement | ||||||||
9900 |
106,865 | 73,773 | 64,562 | 54,292 | 42,780 | 29,338 | 20,300 | |
640/8 |
- | - | 214 | - | - | 4,097 | 5,685 | |
9901 |
106,865 | 73,773 | 64,348 | 54,292 | 42,780 | 25,241 | 14,614 | |
75/76B |
9,728 | 7,199 | 5,019 | 10,085 | 6,300 | 1,619 | - | |
75 |
9,728 | 7,199 | 5,019 | 10,085 | 6,300 | 1,619 | - | |
65/66B |
295 | 125 | 265 | 144 | 85 | 4 | 1 | |
65 |
295 | 125 | 265 | 144 | 85 | 4 | 1 | |
9903 |
116,298 | 80,847 | 69,102 | 64,233 | 48,996 | 26,856 | 14,613 | |
67/77 |
32,226 | 22,077 | 18,861 | 17,991 | 10,466 | 7,952 | 4,550 | |
9904 |
84,072 | 58,770 | 50,241 | 46,242 | 38,529 | 18,905 | 10,064 | |
9905 |
84,072 | 58,770 | 50,241 | 46,242 | 38,529 | 18,905 | 10,064 | |
| Appropriation of the result | ||||||||
9906 |
224,964 | 140,892 | 162,121 | 111,880 | 65,638 | 27,108 | 10,064 | |
14P |
140,892 | 82,121 | 111,880 | 65,638 | - | - | - | |
691/2 |
- | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | 1,860 | |
694/7 |
20,000 | - | 80,000 | - | - | - | - | |
694 |
20,000 | - | 80,000 | - | - | - | - | |
| Document | ||||||||
The notes to these accounts have 3 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 02-02-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 2 days after the deadline. Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00034111.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 02-02-2026 | 2026-00034111 | |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00028405 | |
| 30-06-2023 | micro format | 24-06-2024 | 2024-00166871 | |
| 30-06-2022 | micro format | 26-04-2023 | 2023-00077685 | |
| 30-06-2021 | micro format | 25-02-2022 | 2022-06600380 | |
| 30-06-2020 | micro format | 26-02-2021 | 2021-06500116 | |
| 30-06-2019 | micro format | 28-02-2020 | 2020-06000309 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 182 | - | - | - | - | - | - | ||
| 3,618 | -20,011 | 22,580 | -2,341 | -3,762 | -5,226 | - | ||
| 225,242 | 161,352 | 102,581 | 119,940 | 73,698 | 35,168 | 16,264 | ||
| 73.3% | 72.8% | 43.5% | 74.1% | 73.5% | 67.6% | 66.0% | ||
| 3.75 | 3.68 | 1.77 | 3.85 | 3.78 | 3.08 | 2.94 | ||
| 0.36 | 0.37 | 1.30 | 0.35 | 0.36 | 0.48 | 0.51 | ||
| 37.3% | 36.4% | 49.0% | 38.6% | 52.3% | 53.8% | 61.9% | ||
| 27.4% | 26.5% | 21.3% | 28.6% | 38.4% | 36.3% | 40.9% |
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.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Financial fixed assets | €182 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on BUBBLE TREE
The operating result for 2025 is 45% higher than in 2024 and the highest since 2019. It is the sixth rise in a row.
Debt's share of the balance-sheet total falls from 27.2% to 26.7%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationManager (not named in the articles)
appointed by deed of 19-02-2019
term without a fixed end
listed in the 2025 annual accounts, filed on 02-02-2026
1 other company bankrupt- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Conformément à l'article 257 du Code des sociétés et sauf organisation par l'assemblée d'un collège de gestion, chaque gérant représente la…”deed of 19-02-2019
Mandates through the years
1 name, the dashed line is todayManager (not named in the articles)
Board
Mandates as a list
-
- Manager (not named in the articles), appointed by deed of 19-02-2019, still in office
Control
Founders
,
This company
BUBBLE TREE
Equity €225,424
Profit €84,072 in 2025
Capital
- Capital
- €18,600
- Shares
- 100
- Contribution per share
- €186
- Equity per share
- €2,254 in 2025
- Source
- deed of 19-02-2019
Articles of association
deed of 19-02-2019 (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.
- First Thursday of December at 18:00
Shareholders
At incorporation
deed of 19-02-2019 ↗
- 95 shares (95%) · €17,670
- 5 shares (5%) · €930
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off1 other company of this director went bankrupt (2018).
- bankruptcy on 04-12-2018appointed in 2017, still in office
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Network & group
No group
BUBBLE TREE has no parent and no holdings in its annual accounts. is the only director.
At the same address
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total assets €45.9m (2025) 0829.017.923 |
| GS1
registered office since 30-07-1979 · founded in 1979 |
38 FTE (2024) 0419.640.608 |
| GUERLAIN BENELUX
registered office since 05-06-2000 · founded in 1960 |
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| Parfums Christian Dior S.A.B.
registered office since 01-01-1974 · founded in 1973 |
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| PROJECT MONTOYER
registered office since 06-05-2003 · founded in 2003 · group GLL GmbH & Co. Office II KG |
total assets €24.6m (2025) 0480.153.859 |
| SYNPET
establishment since 28-03-2022 · founded in 2022 |
total assets €22.3m (2025) 0783.916.386 |
Connections & network
1 connected companyThe connected companies are in the list below.
This 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
via · Director · deed of 30-03-2018
Bankrupt · 6.6 FTE (2017)
Timeline
Timeline
15 events since 2019Filings
Financial
Establishments
Address
2020202220242026
Deadline for the 2026 accounts: 31-01-2027
2026
Annual accounts 2025 filed PDFmicro format · 2 days late
2025
Highest result from 2019 to 2025 net €84,072 ▲43.1% The operating result of €106,865 and the net result of €84,072 are both a record.
Equity above €200,000 equity €225,424 ▲39.7% Equity rises from €161,352 to €225,424.
Annual accounts 2024 filed PDFmicro format · on the deadline day
2024
Liquidity more than doubled current ratio 3.68 The current ratio rises from 1.77 to 3.68. Short-term debt falls from €133,055 to €60,213.
Equity above €150,000 equity €161,352 ▲57.3% Equity rises from €102,581 to €161,352.
Annual accounts 2023 filed PDFmicro format · 145 days late
2023
Annual accounts 2022 filed PDFmicro format · 85 days late
2022
Registered office moved from Uccle to IxellesNew registered office: Avenue Louise, 523 1050 Ixelles · Previous registered office: Avenue Maréchal Joffre, 132/7, 1180 Uccle Belgique · General meeting of 10-03-20222 points ▸
- General meeting, 10-03-2022
- Registered-office move, Avenue Louise, 523 1050 Ixelles
Equity above €100,000 equity €119,940 ▲62.7% With a profit in every financial year since 2019, equity grows to €119,940.
Annual accounts 2021 filed PDFmicro format · 25 days late
2021
Annual accounts 2020 filed PDFmicro format · 26 days late
2020
Annual accounts 2019 filed PDFmicro format · 28 days late
2019
IncorporationFounding capital of €18,600, 100 shares · Founders: and · Appointment: (manager) · published on 19-02-20197 points ▸
- Capital, €18,600, 100 shares
- Director appointment, (manager (not named in the articles))
- Founder,
- Founder,
- Power of attorney,
- Permanent representative, (manager and permanent representative)
- Founding capital, €18,600, 100 shares
- The deed holds 6 more points.
First establishment Maarschalk Joffrelaan 132, Uccle
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
Company details
Identity
- Enterprise number
- 0720.764.537
- VAT number
- BE 0720.764.537
- Legal form
- Private limited company (pre-2019)
- Status
- Active, normal situation
- Founded
- 15-02-2019
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Thursday of December at 18:00deed of 19-02-2019 (in French)
- Peppol
- Not found in the Peppol Directory
- Name
- BUBBLE TREE in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 19-02-2019 (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.
- “Avenue Maréchal Joffre 132 boîte 7, 1180 Uccle”deed of 19-02-2019 (in French)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes prestations de services en stratégie, développement de marché, gestion, production, finance, marketing, ressource humaine, qualité…”deed of 19-02-2019 (in French)
7 activities
- Toutes prestations de services en stratégie, développement de marché, gestion, production, finance, marketing, ressource humaine, qualité, environnement, ingénierie, informatique, développement aux entreprises et aux particuliers, sans que cette liste soit limitative, ainsi que la réalisation ou livraison de tout autre service lié directement ou indirectement, totalement ou partiellement, à son objet social, si ces opérations s’avèrent nécessaire ou sont de nature à favoriser le développement de son activité
- La consultance en développement personnel, coaching, pour son propre compte ou pour le compte d’entreprises ou des particuliers
- La recherche, le développement, la production et la commercialisation de tous ingrédients et produits agro-alimentaire, et chimique et leurs applications
- L’organisation d’activité, d’expédition, de voyage dans le sens le plus large possible et de toutes les manières possibles, pour son propre compte ou pour le compte d’entreprises ou des particuliers
- La conception, réalisation, production, promotion et commercialisation de matériel de sport, dans le sens le plus large possible et de toutes les manières possibles, pour son propre compte ou pour le compte d’entreprises ou des particuliers
- La conception, réalisation, production, promotion et commercialisation d’œuvres musicales, littéraires, photographiques ou cinématographiques, dans le sens le plus large possible et de toutes les manières possibles, pour son propre compte ou pour le compte d’entreprises ou des particuliers
- L’achat, la vente, la location, la gestion, la transformation et la mise en valeur de tout bien et patrimoines mobiliers et immobiliers
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Louizalaan 523 registered office 1050 Ixelles | ||
| Maarschalk Joffrelaan 132 1180 Uccle | 15-02-2019 | 2.329.501.619 |
1 former office
- Avenue Maréchal Joffre, 132/7, 1180 Uccle until 10-03-2022 · deed of 05-08-2022
Buildings and parcels at the addresses
- Ground area
- 3,960 m²
- Buildings
- 2,168 m²
- Volume, LiDAR
- 50,454 m³
- Tallest building
- 38.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21822R0226/00W011 | 3,529 m² | 1 · 1,878 m² | 38.1 m · 7 |
| 21616A0267/00R031 | 431 m² | 1 · 290 m² | 26.6 m · 8 |
Contact
E-mail
anna@lizee.co
Phone
+32 485 95 25 08