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'
(..) MAN: I do not wish to hear about that sort of thing. I want you to come over here, if you don't mind me, and let your old mum scrape the fluff out of your belly button. (LAUGHTER ON TV) Nice and clean for the big parade and very good on Sunday. I shall be there, you know, watching you. (GASPS) (..)2016 The Conjuring 2