Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 13.4 to 6.8.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2025
JPN RETAIL from Brussel, company number BE0561910508, closed financial year 2025 with a result of € 6.5 million after tax. For that financial year JPN RETAIL recorded a gross margin of € -62,204 and equity of € -92,891. Compared with financial year 2024, the result moved from € -2 million to € 6.5 million. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 21, 2025.
€ -92,891
▲ € 6.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6.5 million
▲ still € 2 million loss in 2024
Profit after tax over the fiscal year.
€ 31,102
▼ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -2.1 million.
People and assets in 2025
6.8
▼ 4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 295,835
▼ 54% vs 2024
€ 43,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 595
▼ 83% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 278,677
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 115,469
▼ 70% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -378,092 | € -106,687 | € -27,614 | € -62,204 | ▼ € 34,590 |
| Profit after taxes | € -1,109,239 | € -856,600 | € -1,979,472 | € 6,541,789 | ▲ € 8.5 million |
| Equity | € -3,798,608 | € -4,655,208 | € -6,634,681 | € -92,891 | ▲ € 6.5 million |
| Total debts | € 5,827,245 | € 6,946,297 | € 7,688,885 | € 621,922 | ▼ 92% |
| Cash | € 25,512 | € 29,174 | € 174,793 | € 31,102 | ▼ 82% |
| Retained profit | € -5,798,608 | € -6,655,208 | € -8,634,681 | € -2,092,891 | ▲ € 6.5 million |
| Bank debt | € 2,308,000 | € 2,308,000 | € 2,308,000 | € 0 | ▼ 100% |
| Balance sheet total | € 2,028,637 | € 2,291,089 | € 1,054,204 | € 529,031 | ▼ 50% |
| Employees (FTE) | 13 | 13.4 | 10.8 | 6.8 | ▼ 4 |
Key figures of JPN RETAIL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 31 August 2026.
What happened to JPN RETAIL?
What happened at JPN RETAIL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
JPN RETAIL is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2025: profit of € 6.5 million. Source: NBB ↗
- New establishment in Sint-Lambrechts-Woluwe. KBO
- New establishment in Antwerpen. KBO
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million loss in 2022 to € 6.5 million profit in 2025.
Paid € 2,384 in corporate taxes since 2022.
Best year ever: 2025, with € 6.5 million profit.
A new publication or filing at JPN RETAIL? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of VNFF comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
JPN RETAILBehind JPN RETAIL are Philippe VAN MULLEM and Jean-Marie Raymond MAGNET. The shares are held by VNFF (69.3%). It owns JPN Retail Luxembourg itself.
Directors
According to the 2025 annual accounts
Philippe VAN MULLEM
Manager
Jean-Marie Raymond MAGNET
Manager
Shareholders
69.3%
Participations
JPN Retail Luxembourg
Establishments
Establishment units
Physical locations of this company
Grétrystraat 12
1000 Brussel
Wiegstraat 34
2000 Antwerpen
Active since 20 June 2015
Woluwedal 200
1200 Sint-Lambrechts-Woluwe
Active since 13 April 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
one.com Mail
Hosting
ONECOM, DK
Website info
Features
Security
Network
Details
- Company number
- 0561.910.508
- VAT number
- BE 0561.910.508
- Registered office
- Grétrystraat 12, 1000 Brussel
- Names & denominations
- JPN RETAIL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 12 September 2014
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- prison-island.be
- Activities · NACE
Vervaardiging van schoeisel
Detailhandel in schoeisel
Groothandel in schoeisel