PP RETAIL SERVICES
ActivePP RETAIL SERVICES has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (€-408k) and a net result of €124k. Equity is shrinking by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 101 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2026
47
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability74▲+4
Solvency18▲+2
Growth50▲+1
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.66 against 0.61 in 2025; short-term debt: 102.6% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
-6.7%
Return on assets
2%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 101 sector peers (2026).
NBB · sector comparisonPosition among 101 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 17-07-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
45 d early
2025
39 d early
2024
58 d early
2023
45 d early
2022
40 d early
2021
56 d early
2020
42 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-01-2027 close31-08-2027 deadline
Financials · fiscal year 2026, full schema
Turnover
€7.48M▲ 9.5%
2025 · €6.83M
2019: €7.17M
2020: €7.90M
2021: €6.35M
2022: €6.50M
2023: €6.94M
2024: €7.05M
2025: €6.83M
2019 → 2026
EBIT margin
3.4%▲ 1.4pp
2025 · 2.0%
2019: 0.7%
2020: 1.0%
2021: 0.7%
2022: -1.2%
2023: 0.7%
2024: -3.4%
2025: 2.0%
2019 → 2026
Net result
€124k▲ 68.0%
2025 · €74k
2019: €-13k
2020: €-249k
2021: €16k
2022: €-103k
2023: €-11k
2024: €-269k
2025: €74k
2019 → 2026
Working capital
€-2.14M▲ 14.4%
2025 · €-2.50M
2019: €-1.44M
2020: €-1.78M
2021: €-1.21M
2022: €-1.12M
2023: €-1.44M
2024: €-2.39M
2025: €-2.50M
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Turnover€6.50M-€6.94M▲ 6.9%€7.05M▲ 1.6%€6.83M▼ 3.1%€7.48M▲ 9.5%
Equity€-326k-€-338k▼ 3.5%€-606k▼ 79.5%€-532k▲ 12.2%€-408k▲ 23.4%
Operating result€-80k-€46k€-238k€134k€253k▲ 87.9%
Net result€-103k-€-11k▲ 88.9%€-269k▼ 2,250%€74k€124k▲ 68.0%
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 88% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €6.11M
Fixed assets
€1.98M▼ 13.8%
Current assets
€4.13M▲ 7.4%
Key figures and ratios
EBITDA
€1.09M▲
2025 · €870k
Cash flow
€957k▲
2025 · €809k
Solvency
-6.7%▲
2025 · -8.7%
Current ratio
0.66▲
2025 · 0.61
Quick ratio
0.66▲
2025 · 0.61
Debt / equity
-15.99▼
2025 · -12.55
ROA
2.0%▲
2025 · 1.2%
Interest coverage
29.83▲
2025 · 22.20
Debt
€6.52M▼
2025 · €6.68M
Debt ≤ 1 year
€6.27M▼
2025 · €6.35M
Debt > 1 year
€0=
2025 · €0
Income taxes
€91k▲
2025 · €20k
Staff costs
€2.34M▼
2025 · €2.44M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€6.15M€6.11M▼
Fixed assets21/28€2.30M€1.98M▼
Intangible fixed assets21€1.40M€1.32M▼
Tangible fixed assets22/27€902k€659k▼
Plant, machinery and equipment23€443k€319k▼
Furniture and vehicles24€103k€87k▼
Other tangible fixed assets26€317k€248k▼
Assets under construction and advance payments27€40k€5k▼
Financial fixed assets28€1k€1k=
Other financial fixed assets284/8€1k€1k=
Amounts receivable and cash guarantees285/8€1k€1k=
Current assets29/58€3.85M€4.13M▲
Amounts receivable within one year40/41€3.68M€3.95M▲
Trade receivables40€3.63M€3.93M▲
Other amounts receivable41€50k€26k▼
Cash at bank and in hand54/58€0€0=
Deferred charges and accrued income490/1€171k€180k▲
Equity and liabilities
Total equity and liabilities10/49€6.15M€6.11M▼
Equity10/15€-532k€-408k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-553k€-428k▲
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Taxes161€0-
Amounts payable17/49€6.68M€6.52M▼
Amounts payable after more than one year17€0€0=
Financial debts170/4€0€0=
Credit institutions173€0€0=
Amounts payable within one year42/48€6.35M€6.27M▼
Current portion of amounts payable after more than one year42€0€0=
Financial debts43€151k€146k▼
Credit institutions430/8€151k€146k▼
Trade debts44€1.83M€2.07M▲
Suppliers440/4€1.83M€2.07M▲
Taxes, remuneration and social security45€335k€375k▲
Taxes450/3€38k€31k▼
Remuneration and social security454/9€297k€344k▲
Other amounts payable47/48€4.03M€3.69M▼
Accrued charges and deferred income492/3€331k€248k▼
Income statement
Code20252026
Operating income70/76A€7.57M€7.86M▲
Turnover70€6.83M€7.48M▲
Own construction capitalised72€204k€177k▼
Other operating income74€504k€199k▼
Non-recurring operating income76A€29k€3k▼
Operating charges60/66A€7.44M€7.61M▲
Services and other goods61€4.38M€4.42M▲
Remuneration, social security and pensions62€2.44M€2.34M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€735k€833k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-125k-
Other operating charges640/8€5k€3k▼
Non-recurring operating charges66A€3€6k▲
Operating profit (loss)9901€134k€253k▲
Financial income75/76B-€0
Recurring financial income75-€0
Other financial income752/9-€0
Financial charges65/66B€40k€37k▼
Recurring financial charges65€40k€37k▼
Debt charges650€39k€36k▼
Other financial charges652/9€832€683▼
Profit (loss) for the period before taxes9903€94k€216k▲
Income taxes67/77€20k€91k▲
Taxes670/3€20k€91k▲
Profit (loss) for the period9904€74k€124k▲
Profit (loss) for the period to be appropriated9905€74k€124k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-553k€-428k▲
Profit (loss) brought forward from the previous period14P€-627k€-553k▲
Social balance
Average headcount (FTE)908726.823.5▼
The notes to these accounts (61 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
31-01
Financial
Highest result since 2019net €124k ▲68%
Operating result €253k, net result €124k, both a record.
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
31-01
Financial
Back to profitnet €74k
Net result €74k after 3 loss-making years.
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
31-01
Financial
Weakest financial yearnet €-269k
Net result drops to €-269k, the lowest in the series; recovery starts the following year.
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
31-01
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-03-2022
Resigned as Daily management
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zaterdagplein 11000 BrusselGround area
1,231 m²
Building footprint
723 m²
Volume, LiDAR
12,218 m³
Parcel 21812N0562/00K000, Brussels · tallest building 21.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Zaterdagplein 1, 1000 Brussel
since 20122.211.874.964
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N0562/00K000 | Brussels | 1,230 m² | 1 · 723 m² | 21.1 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
7 connected companiesNetwork connections
Shared address
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Shared address
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Shared address
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Shared address
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Show 3 more network connections
Shared address
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Shared address
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Shared address
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Of 13,422 companies in sector 73300 we hold annual accounts for 6,901. 3,543 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-08-2012
Fiscal year end31-01
Activities, NACEBEL
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.