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BUBBLES CLEAN

Active
Private limited companyfounded 1996active for 30 yearsReytstraat 175, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0457.488.127
Summary

BUBBLES CLEAN has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106,891 and a net result of -€7,316. Equity is growing by about 5.1% per year across the filed financial years. Its solvency ranks better than 73% of 5,672 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (59 days) Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00526778.

Equity
€106,891▼ 6.4%
2024 · €114,207
Total assets
€191,125▼ 8.8%
2024 · €209,545
Net result
-€7,316▼ 423%
2024 · -€1,399
Working capital
€82,518▼ 8.1%
2024 · €89,833
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result turns negative in 2025: a loss of €4,185 after €3,589 in 2024, the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€4,185 2025 Net result-€7,316 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€13,224-€7,425▼ 43.8%€15,803▲ 113%€6,465▼ 59.1%€6,331▼ 2.1%€4,278▼ 32.4%€3,589▼ 16.1%-€4,185
Net result€13,970-€5,715▼ 59.1%€15,496above the sector's middle half▲ 171%€5,902within the sector's middle half▼ 61.9%€6,075within the sector's middle half▲ 2.9%€3,576within the sector's middle half▼ 41.1%-€1,399within the sector's middle half-€7,316below the sector's middle half▼ 423%
Equity€78,842-€84,557▲ 7.2%€100,053above the sector's middle half▲ 18.3%€105,955above the sector's middle half▲ 5.9%€112,030above the sector's middle half▲ 5.7%€115,606above the sector's middle half▲ 3.2%€114,207above the sector's middle half▼ 1.2%€106,891above the sector's middle half▼ 6.4%
Total assets€99,534-€132,618▲ 33.2%€164,239within the sector's middle half▲ 23.8%€176,991within the sector's middle half▲ 7.8%€186,295within the sector's middle half▲ 5.3%€200,185within the sector's middle half▲ 7.5%€209,545above the sector's middle half▲ 4.7%€191,125within the sector's middle half▼ 8.8%
Debt€20,692-€48,061▲ 132%€64,186▲ 33.6%€71,036▲ 10.7%€74,265▲ 4.5%€84,579▲ 13.9%€95,338▲ 12.7%€84,234▼ 11.6%
Working capital€54,469-€60,184▲ 10.5%€75,679above the sector's middle half▲ 25.7%€82,581above the sector's middle half▲ 9.1%€87,656above the sector's middle half▲ 6.1%€91,232above the sector's middle half▲ 4.1%€89,833above the sector's middle half▼ 1.5%€82,518above the sector's middle half▼ 8.1%
Solvency79.2%-63.8%▼ 15.5pp60.9%above the sector's middle half▼ 2.8pp59.9%above the sector's middle half▼ 1.1pp60.1%above the sector's middle half▲ 0.3pp57.7%above the sector's middle half▼ 2.4pp54.5%within the sector's middle half▼ 3.2pp55.9%within the sector's middle half▲ 1.4pp
Current ratio3.63-2.25▼ 1.382.18within the sector's middle half▼ 0.072.18within the sector's middle half=2.18within the sector's middle half=2.08within the sector's middle half▼ 0.101.94within the sector's middle half▼ 0.141.98within the sector's middle half▲ 0.04
Return on assets (ROA)14.0%-4.3%▼ 9.7pp9.4%within the sector's middle half▲ 5.1pp3.3%within the sector's middle half▼ 6.1pp3.3%within the sector's middle half▼ 0.1pp1.8%within the sector's middle half▼ 1.5pp-0.7%within the sector's middle half▼ 2.5pp-3.8%within the sector's middle half▼ 3.2pp
Staff (FTE)10.7-11.3▲ 5.6%11.3above the sector's middle half=17▲ 50.4%15.7▼ 7.6%11.6▼ 26.1%10.3▼ 11.2%7.5▼ 27.2%
above within below the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €191,125
Fixed assets €24,374 =
Current assets €166,751 ▼ 9.9%
Equity and liabilities €191,125
Equity €106,891 ▼ 6.4%
Debt €84,234 ▼ 11.6%
Debt's share of the balance-sheet total falls from 45.5% to 44.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.79▼
2024 · 0.83
ROE
-6.8%▼
2024 · -1.2%
Debt ≤ 1 year
€84,234▼
2024 · €95,338
Staff costs
€121,035▼
2024 · €135,185
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90.3% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 12,322 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€209,545€191,125▼
Fixed assets21/28€24,374€24,374=
Financial fixed assets28€24,374€24,374=
Current assets29/58€185,172€166,751▼
Amounts receivable within one year40/41€183,698€166,258▼
Trade receivables40-€1,643
Other amounts receivable41€183,698€164,615▼
Cash at bank and in hand54/58€1,474€493▼
Equity and liabilities
Total equity and liabilities10/49€209,545€191,125▼
Equity10/15€114,207€106,891▼
Contributions10/11€38,310€38,310=
Revaluation surpluses12€10,374€10,374=
Reserves13€27,530€27,530=
Non-distributable reserves130/1€3,831€3,831=
Reserves not available under the articles1311€3,831€3,831=
Tax-exempt reserves132€12,699€12,699=
Distributable reserves133€11,000€11,000=
Profit (loss) carried forward14€37,993€30,677▼
Amounts payable17/49€95,338€84,234▼
Amounts payable within one year42/48€95,338€84,234▼
Current portion of amounts payable after more than one year42€6,979€7,629▲
Trade debts44€58,221€54,794▼
Suppliers440/4€58,221€54,794▼
Taxes, remuneration and social security45€17,073€12,062▼
Taxes450/3€2,402€1,301▼
Remuneration and social security454/9€14,672€10,761▼
Other amounts payable47/48€13,065€9,749▼
Income statement Code20242025
Remuneration, social security and pensions62€135,185€121,035▼
Other operating charges640/8€1,600€5,744▲
Gross operating margin9900€140,374€122,594▼
Operating profit (loss)9901€3,589-€4,185▼
Financial charges65/66B€1,030€3,131▲
Recurring financial charges65€1,030€3,131▲
Profit (loss) for the period before taxes9903€2,560-€7,316▼
Income taxes67/77€3,959-
Profit (loss) for the period9904-€1,399-€7,316▼
Profit (loss) for the period to be appropriated9905-€1,399-€7,316▼
Appropriation of the result
Profit (loss) to be appropriated9906€37,993€30,677▼
Profit (loss) brought forward from the previous period14P€39,392€37,993▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€250,366€253,614€212,415€135,185€121,035▼ 10.5%
Other operating charges640/8---€279€281€291€1,600€5,744▲ 259%
Gross operating margin9900€278,576€297,219€263,846€257,111€260,226€216,984€140,374€122,594▼ 12.7%
Operating profit (loss)9901€13,224€7,425€15,803€6,465€6,331€4,278€3,589-€4,185-
Financial income75/76B---€0€0----
Recurring financial income75€1,140€0€12€0€0----
Financial charges65/66B---€521€209€702€1,030€3,131▲ 204%
Recurring financial charges65€394€206€320€521€209€702€1,030€3,131▲ 204%
Profit (loss) for the period before taxes9903€13,970€7,220€15,496€5,945€6,122€3,576€2,560-€7,316-
Income taxes67/77-€1,505-€43€47-€3,959--
Profit (loss) for the period9904€13,970€5,715€15,496€5,902€6,075€3,576-€1,399-€7,316▼ 423%
Profit (loss) for the period to be appropriated9905€13,970€5,715€15,496€5,902€6,075€3,576-€1,399-€7,316▼ 423%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€99,534€132,618€164,239€176,991€186,295€200,185€209,545€191,125▼ 8.8%
Fixed assets21/28€24,374€24,374€24,374€24,374€24,374€24,374€24,374€24,374=
Financial fixed assets28€24,374€24,374€24,374€24,374€24,374€24,374€24,374€24,374=
Current assets29/58€75,161€108,244€139,866€152,617€161,921€175,812€185,172€166,751▼ 9.9%
Amounts receivable within one year40/41€67,713€99,078€131,494€145,867€153,853€170,605€183,698€166,258▼ 9.5%
Trade receivables40---€2,866-€1,375-€1,643-
Other amounts receivable41---€143,001€153,853€169,230€183,698€164,615▼ 10.4%
Cash at bank and in hand54/58€7,447€9,166€8,372€6,750€8,068€5,207€1,474€493▼ 66.5%
Equity and liabilities
Total equity and liabilities10/49€99,534€132,618€164,239€176,991€186,295€200,185€209,545€191,125▼ 8.8%
Equity10/15€78,842€84,557€100,053€105,955€112,030€115,606€114,207€106,891▼ 6.4%
Contributions10/11€38,310€38,310-€38,310€38,310€38,310€38,310€38,310=
Revaluation surpluses12---€10,374€10,374€10,374€10,374€10,374=
Reserves13€27,530€27,530€27,530€27,530€27,530€27,530€27,530€27,530=
Non-distributable reserves130/1---€3,831€3,831€3,831€3,831€3,831=
Reserves not available under the articles1311---€3,831€3,831€3,831€3,831€3,831=
Tax-exempt reserves132---€12,699€12,699€12,699€12,699€12,699=
Distributable reserves133---€11,000€11,000€11,000€11,000€11,000=
Profit (loss) carried forward14€2,629€8,344€23,839€29,741€35,816€39,392€37,993€30,677▼ 19.3%
Amounts payable17/49€20,692€48,061€64,186€71,036€74,265€84,579€95,338€84,234▼ 11.6%
Amounts payable within one year42/48€20,692€48,061€64,186€70,036€74,265€84,579€95,338€84,234▼ 11.6%
Current portion of amounts payable after more than one year42---€6,883€6,716€6,798€6,979€7,629▲ 9.3%
Trade debts44€3,412€3,410€18,314€27,374€37,312€56,160€58,221€54,794▼ 5.9%
Suppliers440/4---€27,374€37,312€56,160€58,221€54,794▼ 5.9%
Taxes, remuneration and social security45---€26,189€26,510€21,607€17,073€12,062▼ 29.4%
Taxes450/3---€43€205€310€2,402€1,301▼ 45.8%
Remuneration and social security454/9---€26,146€26,305€21,297€14,672€10,761▼ 26.7%
Other amounts payable47/48---€9,590€3,726€15€13,065€9,749▼ 25.4%
Accrued charges and deferred income492/3---€1,000-----
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€13,970€5,715€15,496€5,902€6,075€3,576-€1,399-€7,316▼ 423%
Operating cash flow (approximation)€13,970€5,715€15,496€5,902€6,075€3,576-€1,399-€7,316▼ 423%
Investment in fixed assets (approximation)-€0€0€0€0€0€0€0-
Change in cash-€1,718-€794-€1,621€1,318-€2,861-€3,733-€980▲ 73.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 30 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 28-09-2026 2026-00526778
31-12-2024 micro format 25-07-2025 2025-00306549
31-12-2023 micro format 06-08-2024 2024-00329874
31-12-2022 micro format 31-08-2023 2023-00388250
31-12-2021 micro format 27-06-2022 2022-20093263
31-12-2020 micro format 15-06-2021 2021-20000485
31-12-2019 micro format 24-07-2020 2020-34100543
31-12-2018 micro format 06-08-2019 2019-43900491
31-12-2017 micro format 26-07-2018 2018-38700577
31-12-2016 abbreviated format 28-08-2017 2017-48700400

Show all 30 filings

Similar companies · same sector, comparable size

Of the 416 active companies whose main activity is personal service activities (NACE 96101), figures are known for 259. 184 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 10 entries · €518,063 awarded · €516,743 paid
Year Entries AwardedPaid
2025 3 €83,555€83,271
2024 2 €103,974€104,150
2023 3 €154,210€153,618
2022 2 €176,324€175,704
Schemes
4 entries · €514,853 · €514,853 paid · Departement Werk en Sociale Economie
1 entry · €1,890 · €1,890 paid · Departement Werk en Sociale Economie
5 entries · €1,320 · Departement Werk en Sociale Economie

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.