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 63 % of short-term debt in 2026; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 28.6 to 23.5.
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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
PP RETAIL SERVICES from Brussel, company number BE0847985282, closed financial year 2026 with a result of € 124,375 after tax. For that financial year PP RETAIL SERVICES recorded revenue of € 7.5 million and equity of € -407,944. Compared with financial year 2025, the result moved from € 74,027 to € 124,375. 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 July 17, 2026.
€ -407,944
▲ € 124,375 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 124,375
▲ 68% vs 2025
Profit after tax over the fiscal year.
€ 0
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € -426,544.
People and assets in 2026
23.5
▼ 3.3 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▼ 4% vs 2025
€ 99,800 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.
€ 87,219
▼ 15% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 145,553
▼ 3% vs 2025
Loans from banks and other lenders, long and short.
€ 2.1 million
▲ 13% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 171 days on average.
€ 374,721
▲ 12% vs 2025
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 6,944,182 | € 7,052,738 | € 6,834,202 | € 7,483,601 | ▲ 10% |
| Profit after taxes | € -11,428 | € -268,525 | € 74,027 | € 124,375 | ▲ 68% |
| Equity | € -337,821 | € -606,346 | € -532,318 | € -407,944 | ▲ € 124,375 |
| Total debts | € 5,921,289 | € 6,884,263 | € 6,680,369 | € 6,522,730 | ▼ 2% |
| Retained profit | € -356,421 | € -624,946 | € -550,918 | € -426,544 | ▲ € 124,375 |
| Bank debt | € 189,185 | € 190,380 | € 150,721 | € 145,553 | ▼ 3% |
| Balance sheet total | € 5,708,468 | € 6,402,917 | € 6,148,051 | € 6,114,787 | ▼ 1% |
| Employees (FTE) | 30 | 28.6 | 26.8 | 23.5 | ▼ 3.3 |
Key figures of PP RETAIL SERVICES, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to PP RETAIL SERVICES?
What happened at PP RETAIL SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 124,375 (▲ 68% vs 2025). Source: NBB ↗
- Joachim Rubin became a director. NBB
- Griet Sauvenay became a director. NBB
- Elodie Doret became a director. NBB
- Stephan JEGER stepped down as director. NBB
- Jacques APPELSTEIN stepped down as director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,428 loss in 2023 to € 124,375 profit in 2026.
Paid € 161,127 in corporate taxes since 2023.
Best year ever: 2026, with € 124,375 profit.
Pays suppliers within 171 days on average.
A new publication or filing at PP RETAIL SERVICES? 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 PP RETAIL HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PP RETAIL SERVICESBehind PP RETAIL SERVICES are Joachim Rubin , Griet Sauvenay and Elodie Doret. The shares are held by PP RETAIL HOLDING (99.9%).
Directors
According to the 2026 annual accounts
Joachim Rubin
Managing director
Also active at: BLUE STORES, L&L RETAIL BELGIUM, PROPERTY WORTH, PASSION8, PP RETAIL HOLDING, PP RETAIL LOGISTICS
since 2026
Griet Sauvenay
Director
Also active at: BLUE STORES, L&L RETAIL BELGIUM, PP RETAIL HOLDING, PP RETAIL LOGISTICS
since 2026
since 2026
Stephan JEGER
Manager
Also active at: STEINCO, IMMO APPELS, A & S DISTRIBUTION, FAMCO, L&L RETAIL BELGIUM, ARTEMIS PROPERTY, QS LOGISTICS, OPALINE BELGIUM +4 more
· until 2026
Jacques APPELSTEIN
Manager
Also active at: BLUE STORES, QS LOGISTICS, PP RETAIL HOLDING, PP RETAIL LOGISTICS
· until 2026
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zaterdagplein 1
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →BLUE STORES same network
€ 54.4 million revenue · 2026
IMMO APPELS same network
€ 946,093 gross margin · 2025
A & S DISTRIBUTION same network
€ 562,313 gross margin · 2025
FAMCO same network
€ -85 gross margin · 2025
L&L RETAIL BELGIUM same network
€ 72.6 million revenue · 2026
+10 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0847.985.282
- VAT number
- BE 0847.985.282
- Registered office
- Zaterdagplein 1, 1000 Brussel
- Names & denominations
- PP RETAIL SERVICES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 August 2012
- Peppol
- Active · Active since 26 Aug 2025
- Activities · NACE
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