bubblenet
ActiveSummary
bubblenet has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €51,428 and a net result of €7,151. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▼-11
Solvency86▲+10
Growth64▼-4
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 2.42 against 2.06 in 2023; short-term debt: 33.2% and cash: 14.3% of total assets), and 38.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.1%
Return on assets
8.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
13 d late
2022
120 d late
2021
115 d late
2020
95 d late
2019
202 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 96 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€77,759▼ 15.6%
2023 · €92,144
EBIT margin
13.2%▼ 12.6pp
2023 · 25.8%
Net result
€7,151▼ 61.3%
2023 · €18,462
Working capital
€39,820▲ 24.4%
2023 · €32,014
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
Line20202021202220232024
Turnover€56,884▼ 32.4%€54,787▼ 3.7%€73,840▲ 34.8%€92,144▲ 24.8%€77,759▼ 15.6%
Operating result-€8,710€598€13,372▲ 2,135%€23,816▲ 78.1%€10,295▼ 56.8%
Net result-€10,653-€360▲ 96.6%€11,155€18,462▲ 65.5%€7,151▼ 61.3%
EBIT margin-15.3%▼ 28.0pp1.1%▲ 16.4pp18.1%▲ 17.0pp25.8%▲ 7.7pp13.2%▼ 12.6pp
Equity€15,020▼ 54.4%€14,659▼ 2.4%€25,815▲ 76.1%€44,277▲ 71.5%€51,428▲ 16.2%
Total assets€70,761▼ 25.2%€63,387▼ 10.4%€74,265▲ 17.2%€87,369▲ 17.6%€84,180▼ 3.7%
Debt€55,741▼ 9.5%€48,728▼ 12.6%€48,450▼ 0.6%€43,092▼ 11.1%€32,752▼ 24.0%
Working capital€5,465▼ 75.8%€5,376▼ 1.6%€16,402▲ 205%€32,014▲ 95.2%€39,820▲ 24.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 57% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84,180
Fixed assets
€16,370 ▼ 34.6%
Current assets
€67,810 ▲ 8.8%
Equity and liabilities €84,180
Equity
€51,428 ▲ 16.2%
Debt
€32,752 ▼ 24.0%
Debt's share of the balance-sheet total falls from 49.3% to 38.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18,958▼
2023 · €32,271
Cash flow
€15,814▼
2023 · €26,918
Current ratio
2.42▲
2023 · 2.06
Debt to equity
0.64▼
2023 · 0.97
ROE
13.9%▼
2023 · 41.7%
ROA
8.5%▼
2023 · 21.1%
Interest coverage
16.26▼
2023 · 24.32
Debt ≤ 1 year
€27,990▼
2023 · €30,321
Debt > 1 year
€4,762▼
2023 · €12,771
Income taxes
€2,895▼
2023 · €4,727
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €56,884 | €54,787 | €73,840 | €92,144 | €77,759 | ▼ 15.6% |
| Goods, raw materials, services and sundry goods60/61 | - | €45,923 | €52,968 | €59,489 | €58,762 | ▼ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,891 | €7,891 | €7,500 | €8,456 | €8,663 | ▲ 2.4% |
| Other operating charges640/8 | - | €374 | - | €384 | €38 | ▼ 90.1% |
| Gross operating margin9900 | -€756 | €8,864 | €20,872 | €32,655 | €18,997 | ▼ 41.8% |
| Operating profit (loss)9901 | -€8,710 | €598 | €13,372 | €23,816 | €10,295 | ▼ 56.8% |
| Financial income75/76B | - | €606 | €191 | €700 | €917 | ▲ 31.0% |
| Recurring financial income75 | - | €606 | €191 | €700 | €917 | ▲ 31.0% |
| Financial charges65/66B | - | €1,565 | €974 | €1,327 | €1,166 | ▼ 12.1% |
| Recurring financial charges65 | €1,678 | €1,565 | €974 | €1,327 | €1,166 | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | -€10,387 | -€360 | €12,589 | €23,189 | €10,046 | ▼ 56.7% |
| Income taxes67/77 | €266 | - | €1,433 | €4,727 | €2,895 | ▼ 38.8% |
| Profit (loss) for the period9904 | -€10,653 | -€360 | €11,155 | €18,462 | €7,151 | ▼ 61.3% |
| Profit (loss) for the period to be appropriated9905 | -€10,653 | -€360 | €11,155 | €18,462 | €7,151 | ▼ 61.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,761 | €63,387 | €74,265 | €87,369 | €84,180 | ▼ 3.7% |
| Fixed assets21/28 | €45,391 | €37,500 | €30,000 | €25,033 | €16,370 | ▼ 34.6% |
| Intangible fixed assets21 | €45,000 | €37,500 | €30,000 | €22,500 | €15,000 | ▼ 33.3% |
| Tangible fixed assets22/27 | €391 | - | - | €2,533 | €1,370 | ▼ 45.9% |
| Plant, machinery and equipment23 | - | - | - | €2,533 | €1,370 | ▼ 45.9% |
| Current assets29/58 | €25,369 | €25,887 | €44,265 | €62,336 | €67,810 | ▲ 8.8% |
| Amounts receivable within one year40/41 | €21,113 | €16,883 | €31,810 | €43,753 | €55,797 | ▲ 27.5% |
| Trade receivables40 | - | - | €23,377 | €15,737 | €20,278 | ▲ 28.9% |
| Other amounts receivable41 | - | €16,883 | €8,433 | €28,016 | €35,518 | ▲ 26.8% |
| Cash at bank and in hand54/58 | €4,256 | €9,004 | €12,454 | €18,582 | €12,013 | ▼ 35.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,761 | €63,387 | €74,265 | €87,369 | €84,180 | ▼ 3.7% |
| Equity10/15 | €15,020 | €14,659 | €25,815 | €44,277 | €51,428 | ▲ 16.2% |
| Contributions10/11 | - | €11,600 | €11,600 | €11,600 | €11,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €6,860 | ▲ 269% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | €5,000 | - |
| Profit (loss) carried forward14 | €1,560 | €1,199 | €12,355 | €30,817 | €32,968 | ▲ 7.0% |
| Amounts payable17/49 | €55,741 | €48,728 | €48,450 | €43,092 | €32,752 | ▼ 24.0% |
| Amounts payable after more than one year17 | €35,837 | €28,216 | €20,587 | €12,771 | €4,762 | ▼ 62.7% |
| Financial debts170/4 | - | €28,216 | €20,587 | €12,771 | €4,762 | ▼ 62.7% |
| Amounts payable within one year42/48 | €19,904 | €20,511 | €27,862 | €30,321 | €27,990 | ▼ 7.7% |
| Current portion of amounts payable after more than one year42 | - | €7,446 | €7,629 | €7,817 | €8,009 | ▲ 2.5% |
| Financial debts43 | - | €3,177 | €2,143 | €3,380 | €2,405 | ▼ 28.8% |
| Credit institutions430/8 | - | €3,177 | €2,143 | €3,380 | €2,405 | ▼ 28.8% |
| Trade debts44 | €1,125 | €3,535 | €6,078 | €7,927 | €5,176 | ▼ 34.7% |
| Suppliers440/4 | - | €3,535 | €6,078 | €7,927 | €5,176 | ▼ 34.7% |
| Taxes, remuneration and social security45 | - | €1,315 | €6,974 | €6,160 | €7,362 | ▲ 19.5% |
| Taxes450/3 | - | €1,315 | €6,974 | €6,160 | €7,362 | ▲ 19.5% |
| Other amounts payable47/48 | - | €5,038 | €5,038 | €5,038 | €5,038 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,653 | -€360 | €11,155 | €18,462 | €7,151 | ▼ 61.3% |
| + Depreciation and write-downs630 | €7,891 | €7,891 | €7,500 | €8,456 | €8,663 | ▲ 2.4% |
| Operating cash flow (approximation) | -€2,762 | €7,531 | €18,655 | €26,918 | €15,814 | ▼ 41.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,489 | €0 | ▲ 100% |
| Change in cash | - | €4,748 | €3,450 | €6,128 | -€6,569 | ▼ 207% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-12
Financial
Highest result since 2018net €18,462 ▲65.5%
Operating result €23,816, net result €18,462, both a record.
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 120 days late
2022
31-12
Financial
Back to profitnet €11,155
Net result €11,155 after 2 loss-making years.
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 115 days late
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 95 days late
18-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 202 days late
2020
31-12
Financial
Weakest financial yearnet -€10,653
Net result drops to -€10,653, the lowest in the series; recovery starts the following year.
2019
31-12
Financial
Liquidity times 7current ratio 2.21
Current ratio from 0.31 to 2.21; short-term debt falls from €69,680 to €18,643.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 149 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2016
Ground area
178 m²
Building footprint
87 m²
Volume, LiDAR
824 m³
Parcel 25386B0091/00E000, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
bubblenet
since 20162.254.659.684
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25386B0091/00E000 | Wallonia | 178 m² | 1 · 87 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 15,300 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0656883604
Registered
27-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.