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'
(..) Not a bite for days. We can't hold out much longer. l never thought... it would end this way, Figaro. Starving to death... in the belly ofa whale. My poor little Pinocchio. He was such a good boy. lt's hopeless, Figaro. There isn't a fish left. lfthe monster doesn't wake up soon, l-- (..)1940 Pinocchio