ACTIVE

PP RETAIL SERVICES

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Financial year 2026 · closed on 31/01/2026

Net result

124,4 k €

+68.0% YoY

Revenue

7,5 M €

+9.5% YoY

Equity

-407,9 k €

+23.4% YoY

Workforce

23,5 ETP

-12.3% YoY

What does PP RETAIL SERVICES do?

PP RETAIL SERVICES is a Private limited company incorporated in 2012. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles. It employs on average 23,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0847.985.282

Incorporation

13/08/2012

Legal form

Private limited company

Registered office

Place du Samedi 1
1000 Bruxelles · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/01/2026

Average workforce

23,5 ETP

Activities (NACE)

70200Management consultancy activities· main 70210Public relations and communication activities 70220Business and other management consultancy activities 73300Advertising and market research 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Revenue	7,5 M €	+9.5%	6,8 M €	-3.1%	7,1 M €	+1.6%	6,9 M €	+6.9%	6,5 M €	+2.3%	6,3 M €	-19.7%	7,9 M €	+10.3%	7,2 M €	+6.4%	6,7 M €	+10.5%	6,1 M €	-1.3%	6,2 M €	+8.5%	5,7 M €	+27.8%	4,5 M €
EBITDA	1,1 M €	+45.8%	744,9 k €	+151%	296,7 k €	-15.3%	350,2 k €	+13.5%	308,6 k €	-38.0%	497,9 k €	-16.8%	598,7 k €	+5.6%	566,7 k €	-6.0%	602,7 k €	-5.6%	638,7 k €	+9.3%	584,4 k €	+31.1%	445,8 k €	+66.3%	268 k €
Operating result	252,7 k €	+87.9%	134,4 k €	+156%	-238,2 k €	-619%	45,9 k €	+157%	-80,2 k €	-273%	46,4 k €	-39.0%	76,1 k €	+57.0%	48,5 k €	+44.7%	33,5 k €	-71.9%	119,3 k €	-19.5%	148,2 k €	-7.2%	159,7 k €	+26.4%	126,4 k €
Net result	124,4 k €	+68.0%	74 k €	+128%	-268,5 k €	-2250%	-11,4 k €	+88.9%	-102,8 k €	-734%	16,2 k €	+107%	-248,9 k €	-1784%	-13,2 k €	+56.5%	-30,4 k €	-170%	43,6 k €	-42.7%	76,2 k €	+25.7%	60,6 k €	+13.0%	53,6 k €
Balance sheet
Equity	-407,9 k €	+23.4%	-532,3 k €	+12.2%	-606,3 k €	-79.5%	-337,8 k €	-3.5%	-326,4 k €	-46.0%	-223,6 k €	+6.8%	-239,8 k €	-2732%	9,1 k €	-59.2%	22,3 k €	-91.2%	252,7 k €	+20.9%	209,1 k €	+57.3%	132,9 k €	+83.9%	72,2 k €
Total assets	6,1 M €	-0.5%	6,1 M €	-4.0%	6,4 M €	+12.2%	5,7 M €	+29.8%	4,4 M €	-6.7%	4,7 M €	-26.4%	6,4 M €	+18.0%	5,4 M €	+13.8%	4,8 M €	+14.8%	4,2 M €	-73.7%	15,8 M €	+620%	2,2 M €	+85.2%	1,2 M €
Cash	0 €		0 €		0 €		–		–		–		175,2 €	-23.5%	229,1 €	+223%	71 €	+97.2%	36 €	-16.3%	43 €	0.0%	43 €	-76.9%	186 €
Debts	6,3 M €	-1.2%	6,3 M €	-1.8%	6,5 M €	+20.3%	5,4 M €	+17.0%	4,6 M €	-4.4%	4,8 M €	-26.1%	6,5 M €	+22.4%	5,3 M €	+14.5%	4,6 M €	+29.7%	3,6 M €	-76.3%	15,1 M €	+970%	1,4 M €	+27.0%	1,1 M €
Other
Workforce	23,5 ETP	-12.3%	26,8 ETP	-6.3%	28,6 ETP	-4.7%	30,0 ETP	+19.0%	25,2 ETP	-9.0%	27,7 ETP	-15.5%	32,8 ETP	-0.9%	33,1 ETP	+3.8%	31,9 ETP	+14.7%	27,8 ETP	-6.7%	29,8 ETP	+4.6%	28,5 ETP	+62.9%	17,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/01/2026 · 5 active · 4 ended

Active mandates

Elodie Doret

Director · since 10 février 2026

Active

Griet Sauvenay

Director · since 10 février 2026

Active

Joachim Rubin

Managing director · since 10 février 2026

Active

Jacques APPELSTEIN

Manager · until 10 février 2026

Active

Stephan JEGER

Manager · until 10 février 2026

Active

Ended mandates

Henri APPELSTEIN

Manager · until 01 mars 2022

Ended

Henri APPELSTEIN

Manager

Ended

Jacques APPELSTEIN

Manager

Ended

Stephan Jeger

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ALPHASTEIN● Active	0788.319.988
A & S DISTRIBUTION● Active	0473.945.166
BLUE STORES● Active	0446.908.395
FAMCO● Active	0477.805.271
G2G FASHION● Active	1034.133.034
IMMO APPELS● Active	0449.442.570
L&L RETAIL BELGIUM● Active	0502.938.862
LMServices● Active	0637.841.613
MAGAP● Active	0832.750.047
MZL IMMO● Active	0874.915.056
PP RETAIL HOLDING● Active	0833.211.687
QS LOGISTICS● Active	0740.801.173
STEINCO● Active	0746.551.689
WATERDROPS● Active	0642.986.967

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/02/2025	01/02/2024	01/02/2023	01/02/2022	01/02/2021	01/02/2020
Closing of the financial year	31/01/2026	31/01/2025	31/01/2024	31/01/2023	31/01/2022	31/01/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/07/2026	23/07/2025	04/07/2024	17/07/2023	22/07/2022	06/07/2021
General meeting	11/06/2026	30/06/2025	27/06/2024	29/06/2023	28/06/2022	10/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/01/2026	11/06/2026	17/07/2026	French	PDF
Full model	31/01/2025	30/06/2025	23/07/2025	French	PDF
Full model	31/01/2024	27/06/2024	04/07/2024	French	PDF
Full model	31/01/2023	29/06/2023	17/07/2023	French	PDF
Full model	31/01/2022	28/06/2022	22/07/2022	French	PDF
Full model	31/01/2021	10/06/2021	06/07/2021	French	PDF
Full model	31/01/2020	29/06/2020	20/07/2020	French	PDF
Full model	31/01/2019	13/06/2019	02/07/2019	French	PDF
Full model	31/01/2018	14/06/2018	19/07/2018	French	PDF
Full model	31/01/2017	08/06/2017	12/06/2017	French	PDF
Full model	31/01/2016	10/06/2016	17/06/2016	French	PDF
Full model	31/01/2015	11/06/2015	09/07/2015	French	PDF
Full model	31/01/2014	12/06/2014	20/06/2014	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/01/2026 · 5 active · 4 ended

Active mandates

Elodie Doret

Director · since 10 février 2026

Active

Griet Sauvenay

Director · since 10 février 2026

Active

Joachim Rubin

Managing director · since 10 février 2026

Active

Jacques APPELSTEIN

Manager · until 10 février 2026

Active

Stephan JEGER

Manager · until 10 février 2026

Active

Ended mandates

Henri APPELSTEIN

Manager · until 01 mars 2022

Ended

Henri APPELSTEIN

Manager

Ended

Jacques APPELSTEIN

Manager

Ended

Stephan Jeger

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other17/03/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates09/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates16/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office09/01/2023
SIEGE SOCIAL
PDF
Mandates29/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates01/08/2019
DEMISSIONS, NOMINATIONS
PDF
Registered office21/08/2018
SIEGE SOCIAL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2026
Annual accounts 2026124,4 k €↑
2025
Annual accounts 202574 k €↑
2024
Annual accounts 2024-268,5 k €↓
2023
Annual accounts 2023-11,4 k €↑
2022
Annual accounts 2022-102,8 k €↓
2021
Annual accounts 202116,2 k €↑
2020
Annual accounts 2020-248,9 k €↓
2019
Annual accounts 2019-13,2 k €↑
2018
Annual accounts 2018-30,4 k €↓
2017
Annual accounts 201743,6 k €↓
2016
Annual accounts 201676,2 k €↑
2015
Annual accounts 201560,6 k €↑
2014
Annual accounts 201453,6 k €
13/08/2012
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PP RETAIL SERVICES

Overview

What does PP RETAIL SERVICES do?

Trend over 13 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline