De Ring
ActiveSummary
De Ring has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €36,749. Equity is growing by about 2.7% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €2.2m
- Profit
- €36,749
- Parent
- IMMO FERDAN · 100%
Why 93raises riskLiquidity: current ratio 0.02, cash €29,815lowers riskSize: total assets €4.3mFigures for financial year 2025 (filed 19-12-2025)Legal form: public limited companyShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, small): better than 47% on solvency, 24% on liquidity, 52% on profitability and 57% on growth.
The bankruptcy probability was computed on 20-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 15 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- RestructuringMerger · Accounting effect ·…
- Appointment: IMMO FERDAN BV (director)Permanent representative: Fernand VANHEES ·…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,766 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81,918 | €140,486 | €140,464 | €140,556 | €140,510 | €140,510 | €140,510 | = |
| Other operating charges640/8 | - | - | - | €970 | €977 | €1,171 | €1,124 | ▼ 4.0% |
| Gross operating margin9900 | €131,739 | €249,612 | €265,538 | €246,661 | €274,456 | €278,563 | €278,614 | = |
| Operating profit (loss)9901 | €48,758 | €108,158 | €105,158 | €105,135 | €132,969 | €136,882 | €136,980 | ▲ 0.1% |
| Financial income75/76B | - | - | - | €382 | €0 | - | - | - |
| Recurring financial income75 | - | - | - | €382 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €44,749 | €41,910 | €89,076 | €86,272 | ▼ 3.1% |
| Recurring financial charges65 | €48,557 | €50,560 | €48,115 | €44,749 | €41,910 | €89,076 | €86,272 | ▼ 3.1% |
| Profit (loss) for the period before taxes9903 | €201 | €57,599 | €57,042 | €60,768 | €91,058 | €47,806 | €50,707 | ▲ 6.1% |
| Income taxes67/77 | -€15 | €0 | - | €2,000 | €24,423 | €12,601 | €13,958 | ▲ 10.8% |
| Profit (loss) for the period9904 | €216 | €57,599 | €57,042 | €58,768 | €66,636 | €35,205 | €36,749 | ▲ 4.4% |
| Profit (loss) for the period to be appropriated9905 | €216 | €57,599 | €57,042 | €58,768 | €66,636 | €35,205 | €36,749 | ▲ 4.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €5.2m | €5.1m | €4.9m | €4.8m | €4.6m | €4.5m | €4.3m | ▼ 3.2% |
| Fixed assets21/28 | €5.2m | €5.0m | €4.9m | €4.7m | €4.6m | €4.5m | €4.3m | ▼ 3.2% |
| Tangible fixed assets22/27 | €5.2m | €5.0m | €4.9m | €4.7m | €4.6m | €4.5m | €4.3m | ▼ 3.2% |
| Land and buildings22 | - | - | - | €4.7m | €4.6m | €4.5m | €4.3m | ▼ 3.2% |
| Current assets29/58 | €0.07m | €0.09m | €0.04m | €0.02m | €0.01m | €0.03m | €0.03m | ▼ 4.4% |
| Amounts receivable within one year40/41 | €0.002m | €0 | - | €0.001m | €0 | €330 | €330 | = |
| Trade receivables40 | - | - | - | - | - | €330 | €330 | = |
| Other amounts receivable41 | - | - | - | €0.001m | €0 | - | - | - |
| Cash at bank and in hand54/58 | €0.07m | €0.09m | €0.04m | €0.02m | €0.01m | €0.03m | €0.03m | ▼ 4.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 2.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €5.2m | €5.1m | €4.9m | €4.8m | €4.6m | €4.5m | €4.3m | ▼ 3.2% |
| Equity10/15 | €1.9m | €2.0m | €2.0m | €2.1m | €2.1m | €2.2m | €2.2m | ▲ 1.7% |
| Contributions10/11 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Capital10 | - | - | - | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Issued capital100 | - | - | - | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 8.2% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.009m | €0.01m | €0.01m | ▲ 17.0% |
| Legal reserve130 | - | - | - | €0.006m | €0.009m | €0.01m | €0.01m | ▲ 17.0% |
| Distributable reserves133 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.1m | -€0.07m | -€0.01m | €0.05m | €0.09m | €0.1m | ▲ 39.9% |
| Amounts payable17/49 | €3.3m | €3.1m | €2.9m | €2.7m | €2.5m | €2.3m | €2.1m | ▼ 7.7% |
| Amounts payable after more than one year17 | €1.7m | €1.5m | €1.3m | €1.1m | €1.0m | €0.8m | €0.7m | ▼ 15.7% |
| Financial debts170/4 | - | - | - | €1.1m | €1.0m | €0.8m | €0.7m | ▼ 15.7% |
| Amounts payable within one year42/48 | €1.7m | €1.7m | €1.6m | €1.5m | €1.5m | €1.5m | €1.4m | ▼ 3.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | = |
| Trade debts44 | €0.03m | €0.001m | €0.001m | €0.004m | €0.01m | €0.01m | €0.009m | ▼ 11.4% |
| Suppliers440/4 | - | - | - | €0.004m | €0.01m | €0.01m | €0.009m | ▼ 11.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €0.02m | €0.01m | €0.01m | ▲ 9.4% |
| Taxes450/3 | - | - | - | €0.002m | €0.02m | €0.01m | €0.01m | ▲ 9.4% |
| Other amounts payable47/48 | - | - | - | €1.4m | €1.3m | €1.3m | €1.3m | ▼ 3.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €216 | €57,599 | €57,042 | €58,768 | €66,636 | €35,205 | €36,749 | ▲ 4.4% |
| + Depreciation and write-downs630 | €81,918 | €140,486 | €140,464 | €140,556 | €140,510 | €140,510 | €140,510 | = |
| Operating cash flow (approximation) | €82,134 | €198,085 | €197,507 | €199,324 | €207,146 | €175,715 | €177,260 | ▲ 0.9% |
| Investment in fixed assets (approximation) | - | -€1,245 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €23,848 | -€47,115 | -€23,488 | -€5,459 | €17,651 | -€1,462 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 15-12-2025 | 2025-00584933 |
| 30-06-2024 | abbreviated format | 29-01-2025 | 2025-00021155 |
| 30-06-2023 | abbreviated format | 04-01-2024 | 2024-00546487 |
| 30-06-2022 | abbreviated format | 30-01-2023 | 2023-00020815 |
| 30-06-2021 | abbreviated format | 28-01-2022 | 2022-02600549 |
| 30-06-2020 | abbreviated format | 11-01-2021 | 2021-00600509 |
| 30-06-2019 | abbreviated format | 24-01-2020 | 2020-02200149 |
| 30-06-2018 | abbreviated format | 20-12-2018 | 2018-75000574 |
| 30-06-2017 | abbreviated format | 31-01-2018 | 2018-03700259 |
| 30-06-2016 | full format | 23-01-2017 | 2017-01800389 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
1 ownerChain of control
- IMMO FERDAN
- De Ring
Highest known parent: IMMO FERDAN. The sources do not say who stands above it.
Owners 1
-
100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- Immo Ferdan (BE 0807.582.507) all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 17-11-2025 Capital stated in the deed · €2,062,000 · 4,323 shares
Group and network
Connections & network
The board mandates are listed below; here you explore them as a network.
Acquisitions and mergers
1 transactionHistory
Acts, filings and financial milestones
17-11
Gazette deed
RestructuringMerger · Accounting effect · Real estate14 facts ▸
- Merger, “met fusie door overneming gelijkgestelde verrichting (geruisloze fusie), bestuursorganen van Immo Ferdan BV en De Ring NV” (deed in Dutch)
- Accounting effect, 01-07-2025
- Other provision, “bijzondere rechten en andere effecten” (deed in Dutch)
- Other provision, “bijzonder voordeel leden bestuursorganen” (deed in Dutch)
- Real estate, “overdracht zakelijke rechten op onroerende goederen bij geruisloze fusie, Lommel,eerste afdeling” (deed in Dutch)
- Other provision, 16-10-2025
- Capital, €2,062,000
- Shareholding, 4323
- Other provision, “verkrijging gehele vermogen, beslissing tot geruisloze fusie” (deed in Dutch)
- Other provision, “uitgifte nieuwe aandelen bij inbreng, houdster van alle aandelen” (deed in Dutch)
- Share cancellation, 4323, “vermelding datum fusiebesluit” (deed in Dutch)
- Other provision, “wijziging statuten overnemende vennootschap” (deed in Dutch)
- +2 further facts in this act
06-03
Gazette deed
Appointment: IMMO FERDAN BV (director)Permanent representative: Fernand VANHEES · Resignation: Vanhees Fernand Louis (director)4 facts ▸
- General meeting, 30-12-2024
- Director appointment, IMMO FERDAN BV (director)
- Permanent representative, Fernand VANHEES
- Director resignation, Vanhees Fernand Louis (director)
03-01
Gazette deed
Reappointments: Vanhees Fernand Louis (director) and Vanhees Daniël (director)4 facts ▸
- General meeting, 12-12-2023
- Director reappointment, Vanhees Fernand Louis (director)
- Director reappointment, Vanhees Daniël (director)
- Other provision, “aanvaarding mandaat” (deed in Dutch) (2 times)
Show earlier events
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 20 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13432B2177/00E115 | Flanders | 4,004 m² | 1 · 255 m² | 8.0 m |
How the parcels are linked
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “Het verwerven en beheren van onroerende goederen of zakelijke rechten daarop,in België of in het buitenland; Het vorrnen en beheren van een…” (deed in Dutch)deed of 17-11-2025
7 activities (deed in Dutch)
- Het verwerven en beheren van onroerende goederen of zakelijke rechten daarop,in België of in het buitenland
- Het vorrnen en beheren van een roerend patrimonium bestaande uit lichamelijke of onlichamelijke roerende goederen
- Het huren,verhuren,in erfpacht of gebruik nemen van onroerende en/of roerende goederen
- Het deelnemen in vennootschappen,bedrijven of associaties door inbreng,participatie,voorschotten
- Het toestaan van leningen,kredietopeningen,kasvoorschotten aan derden (gereglementeerde bankfuncties of spaarkasfuncties niet inbegrepen)
- Het optreden als gevolmachtigde van derden
- Het verlenen van borgstellingen in voordeel van derden
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 03-01-2025
Read from the deeds: 2 provisions, deed of 17-11-2025