Parent and group
- G2G FASHION100%
PP RETAIL SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of PP RETAIL SERVICES is 1.9% (moderate). The 2026 annual accounts show negative equity (-€407,944) and a net result of €124,375. Equity has been shrinking by about 19% per year since 2019. Its solvency ranks better than 10% of 357 sector peers (NACE 73, financial year 2026). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 13-08-2012 Normal situation
- Registered office
- 17 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Public relations and communication consultancy NACE 73300and 1 other
- Establishment unit
- 2.211.874.964 1000 Brussels, since 30-08-2012
- Financial year end
- 31 January
- Peppol
- Reachable since 03-07-2025
Board and ownership
Board
- Joachim RubinDaily manager
- Elodie DoretDirector · since 10-02-2026
- Griet SauvenayDirector · since 10-02-2026
- Auditor
- RSM INTERAUDIT
Shareholders
- PP RETAIL HOLDING99.9%· score 8031-01-2026 annual accounts of PP RETAIL HOLDING
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.9%
Annual accounts to 31-01-2026
- Turnover
- €7.5m
- ▲ 9.5%
- Profit
- €124,375
- ▲ 68.0%
- Equity
- -€407,944
- ▲ 23.4%
- Total assets
- €6.1m
- ▼ 0.5%
- Employees on 31-01-2026
- 23
- ▼ 4.2%
- Negative equity on 31-01-2026
Score breakdownraises riskNegative equity -€407,944Liquidity: current ratio 0.66, cash €0Profit of €124,375 (financial year 2026)lowers riskFigures for financial year 2026 (filed on 17-07-2026)Show the evidence
Checked score
Score 2026
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 38% of small companies in advertising and market research (NACE 73)
Financial strength · tick: 2025
Weak
Solvency
18+2
equity -6.7% of total assets
Liquidity
0=
short-term debt 102.6% · cash 0.0%
Profitability
74+4
return on assets 2.0%
Bankruptcy probability within 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.7%highest value
01-2025: 2.7%● unchanged vs 12-2024highest value
02-2025: 2.3%▼ -0.4 percentage points vs 01-2025
03-2025: 2.2%▼ -0.1 percentage points vs 02-2025
04-2025: 2.3%▲ +0.1 percentage points vs 03-2025
05-2025: 2.3%● unchanged vs 04-2025
06-2025: 2.3%● unchanged vs 05-2025
07-2025: 2.3%● unchanged vs 06-2025
08-2025: 1.8%▼ -0.5 percentage points vs 07-2025
09-2025: 1.8%● unchanged vs 08-2025
10-2025: 1.8%● unchanged vs 09-2025
11-2025: 1.8%● unchanged vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026lowest value
04-2026: 1.8%● unchanged vs 03-2026
05-2026: 1.9%▲ +0.1 percentage points vs 04-2026
06-2026: 1.9%● unchanged vs 05-2026
07-2026: 1.9%● unchanged vs 06-2026
08-2026: 1.9%● unchanged vs 07-2026
09-2026: 1.9%● unchanged vs 08-2026
10-2026: 1.9%● unchanged vs 09-2026
11-2026: 1.9%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.66 (0.61 in 2025), below 1. Short-term debt is 102.6% and cash 0% of total assets. Equity is negative.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, small). It does better than 5% of them on solvency, 1% on liquidity, 67% on profitability and 79% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-01-2026.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 357 sector peers (2026).
NBB · sector comparisonPosition among 357 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 days early
2025
39 days early
2024
58 days early
2023
45 days early
2022
40 days early
2021
56 days early
2020
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 46 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 17 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-01-2027 year end31-08-2027 deadline
Key points
- Risk: Negative equitydebts exceed assets in financial year 2026 -€407,944 View
- Caution: Less equity than 95% of companies in advertising and market researchsector median €98,078 · 357 companies -€407,944 View
- Positive: Result rose in 2026from €74,027 to €124,375 ▲ 68.0% View
- Board changedlatest change 10-02-2026 · 3 in office 3 joined · 2 left View
- Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
Recent changes
- · Gazette deed Amendment of the articlesGeneral meeting of 12-03-2026
- · Gazette deed 3 directors appointed, 2 directors resigningResignations: Jacques Appelstein (director) and Stephan Jeger (director) · Appointments: Joachim Rubin, Elodie Doret and Griet Sauvenay
- · Gazette deed Appointment: RSM InterAudit (statutory auditor)Permanent representative: Laurent van der Linden
Companies linked to PP RETAIL SERVICES
Comparable companies
These companies have the same main activity as PP RETAIL SERVICES: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €4.6m and €13m, founded between 2010 and 2017.
| Company | Total assets | Turnover |
|---|---|---|
| PP RETAIL SERVICES Brussels | €6.1m | €7.5m |
| Bluesquare Watermael-Boitsfort | €7.5m | €10.2m |
| Ariad Group Antwerp | €4.6m | €12.2m |
| EUROFER, Association Européenne de l'Acier Brussels | €7.0m | €6.2m |
| MINDS&MORE Zaventem | €6.6m | €17.5m |
| VMware Belgium Mechelen | €6.8m | €11.4m |
| VO EUROPE Brussels | €12.6m | €14.7m |
Key facts about PP RETAIL SERVICES
- What is the company number of PP RETAIL SERVICES?
- The company number of PP RETAIL SERVICES is 0847.985.282. The VAT number is the same number with BE in front: BE 0847.985.282.
- Where is PP RETAIL SERVICES based?
- The registered office is at Zaterdagplein 1, 1000 Brussels.Company details
- What does PP RETAIL SERVICES do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of PP RETAIL SERVICES?
- PP RETAIL SERVICES is a private limited company (BV).
- When was PP RETAIL SERVICES founded?
- PP RETAIL SERVICES was founded on 13-08-2012.
- Is PP RETAIL SERVICES still active?
- Yes, PP RETAIL SERVICES is an active enterprise in the KBO register.
- How many employees does PP RETAIL SERVICES have?
- PP RETAIL SERVICES had an average of 23.5 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- What is the turnover of PP RETAIL SERVICES?
- The turnover of PP RETAIL SERVICES was €7.5m in financial year 2026, according to the filed annual accounts.
- Is PP RETAIL SERVICES profitable?
- In financial year 2026, PP RETAIL SERVICES made a profit of €124,375.
- Where can I find the annual accounts of PP RETAIL SERVICES?
- PP RETAIL SERVICES filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of PP RETAIL SERVICES due?
- PP RETAIL SERVICES must file the annual accounts for financial year 2027 by 31-08-2027.Timeline
Next steps
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