Bulbs & Bubbles
ActiveThe computed 12-month bankruptcy probability of Bulbs & Bubbles is 1.8% (moderate). The 2025 annual accounts show equity of €72k and a net result of €19k. Equity is growing by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 7331 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77=
Solvency51▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.11 in 2024; short-term debt: 73.5% and cash: 7.3% of total assets), and 73.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26.5%
Return on assets
6.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
131 d early
2022
21 d early
2021
5 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€72k▲ 35.2%
2024 · €53k
2021: €49k
2022: €-47k
2023: €38k
2024: €53k
2021 → 2025
Total assets
€272k▲ 16.4%
2024 · €234k
2021: €121k
2022: €90k
2023: €126k
2024: €234k
2021 → 2025
Net result
€19k▲ 25.0%
2024 · €15k
2021: €47k
2022: €-95k
2023: €85k
2024: €15k
2021 → 2025
Working capital
€54k▲ 170%
2024 · €20k
2021: €19k
2022: €-80k
2023: €7k
2024: €20k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€49k-€-47k€38k€53k▲ 39.1%€72k▲ 35.2%
Operating result€70k-€-94k€84k€19k▼ 77.9%€26k▲ 40.8%
Net result€47k-€-95k€85k€15k▼ 82.4%€19k▲ 25.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 41% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €272k
Fixed assets
€18k▼ 45.2%
Current assets
€254k▲ 26.6%
Equity and liabilities €272k
Equity
€72k▲ 35.2%
Debt
€200k▲ 10.8%
The debt ratio falls from 77.2% to 73.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33k▼
2024 · €33k
Cash flow
€25k▼
2024 · €30k
Solvency
26.5%▲
2024 · 22.8%
Current ratio
1.27▲
2024 · 1.11
Quick ratio
0.89▲
2024 · 0.77
Debt / equity
2.78▼
2024 · 3.39
ROE
26.0%▼
2024 · 28.1%
ROA
6.9%▲
2024 · 6.4%
Interest coverage
13.98▼
2024 · 48.75
Debt
€200k▲
2024 · €181k
Debt ≤ 1 year
€200k▲
2024 · €181k
Income taxes
€7k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€234k€272k▲
Fixed assets21/28€33k€18k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€30k€13k▼
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€19k€3k▼
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€3k€6k▲
Current assets29/58€201k€254k▲
Stocks and contracts in progress3€62k€77k▲
Stocks30/36€36k€51k▲
Contracts in progress37€26k€26k=
Amounts receivable within one year40/41€62k€156k▲
Trade receivables40€36k€124k▲
Other amounts receivable41€26k€32k▲
Cash at bank and in hand54/58€75k€20k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€234k€272k▲
Equity10/15€53k€72k▲
Contributions10/11€2k€2k=
Reserves13€51k€70k▲
Distributable reserves133€51k€70k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€181k€200k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€181k€200k▲
Current portion of amounts payable after more than one year42€1k€5k▲
Trade debts44€179k€193k▲
Suppliers440/4€179k€193k▲
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€64€408▲
Income statement
Code20242025
Non-recurring operating income76A-€19k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€6k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€35k€34k▼
Operating profit (loss)9901€19k€26k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€685€2k▲
Recurring financial charges65€685€2k▲
Profit (loss) for the period before taxes9903€19k€26k▲
Income taxes67/77€4k€7k▲
Profit (loss) for the period9904€15k€19k▲
Profit (loss) for the period to be appropriated9905€15k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€19k▲
Profit (loss) brought forward from the previous period14P€-10k€0▲
Transfer to equity691/2€5k€19k▲
To other reserves6921€5k€19k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €85k
Net result €85k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.08
Current ratio from 0.35 to 1.08; short-term debt falls from €124k to €86k.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-95k ▼305%
Net result drops to €-95k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gavere · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Molenstraat 1079890 GavereGround area
360 m²
Building footprint
188 m²
Volume, LiDAR
1,001 m³
Parcel 44020A0448/00G000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bulbs & Bubbles
since 20202.302.110.797
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44020A0448/00G000 | Flanders | 360 m² | 1 · 188 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 4,218 EUR awarded · 3,659 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 984 EUR | 425 EUR |
| 2024 | 1 | 1,996 EUR | 1,996 EUR |
| 2023 | 1 | 1,058 EUR | 1,058 EUR |
| 2022 | 1 | 180 EUR | 180 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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BG BUILDING
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Y.N.S/BOUW
BE 0751.765.638
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A & G RENOV
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 13,220 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-05-2020
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.