The business 'went belly-up' [=went bankrupt] during the long recession.
The team 'went belly-up' in the play-offs.
a middle-aged man with a big 'beer belly'
(..) win a swimming match ! Speaking only for myself here, Not only do I doubt that you will be able to stand for a moment against Grendel, I doubt you will even have the belly to stay in the hall all night. I find it difficult to argue with a drunk. But it's true, I did not win the race... (..)2007 Beowulf