Summary
Ring Multi is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.9m and a net result of €950,413. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 31% of 494 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
21 d late
2023
28 d early
2022
24 d early
2021
18 d early
2020
18 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 13 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€2.9m▲ 49.3%
2024 · €1.9m
Net result
€950,413
2024 · -€150,776
Total assets
€12.6m▼ 8.0%
2024 · €13.7m
Solvency
22.8%▲ 8.7pp
2024 · 14.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€456,776▼ 15.7%€273,019▼ 40.2%€485,429▲ 77.8%€629,247▲ 29.6%€1.3m▲ 104%
Net result€175,772within the sector's middle half-€86,602below the sector's middle half-€246,906below the sector's middle half▼ 185%-€150,776below the sector's middle half▲ 38.9%€950,413above the sector's middle half
Equity€2.4mabove the sector's middle half▲ 7.9%€2.3mabove the sector's middle half▼ 3.6%€2.1mabove the sector's middle half▼ 10.6%€1.9mabove the sector's middle half▼ 7.3%€2.9mabove the sector's middle half▲ 49.3%
Total assets€14.5mabove the sector's middle half▼ 18.9%€14.0mabove the sector's middle half▼ 3.3%€18.0mabove the sector's middle half▲ 28.0%€13.7mabove the sector's middle half▼ 23.7%€12.6mabove the sector's middle half▼ 8.0%
Debt€12.1m▼ 22.7%€11.7m▼ 3.3%€15.9m▲ 35.7%€11.8m▼ 25.8%€9.7m▼ 17.3%
Working capital-€6.0mbelow the sector's middle half-€1.2mbelow the sector's middle half▲ 79.7%-€967,548below the sector's middle half▲ 20.4%-€8.0mbelow the sector's middle half▼ 728%-€8.4mbelow the sector's middle half▼ 4.6%
Solvency16.6%below the sector's middle half▲ 4.1pp16.6%below the sector's middle half=11.6%below the sector's middle half▼ 5.0pp14.0%below the sector's middle half▲ 2.5pp22.8%within the sector's middle half▲ 8.7pp
Current ratio0.15below the sector's middle half▼ 1.740.46below the sector's middle half▲ 0.300.85below the sector's middle half▲ 0.390.17below the sector's middle half▼ 0.670.11below the sector's middle half▼ 0.06
Return on assets (ROA)1.2%below the sector's middle half▲ 1.7pp-0.6%below the sector's middle half▼ 1.8pp-1.4%below the sector's middle half▼ 0.8pp-1.1%below the sector's middle half▲ 0.3pp7.5%within the sector's middle half▲ 8.6pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 104% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.6m
Fixed assets
€11.6m ▼ 3.9%
Current assets
€1.1m ▼ 37.0%
Equity and liabilities €12.6m
Equity
€2.9m ▲ 49.3%
Debt
€9.7m ▼ 17.3%
Debt's share of the balance-sheet total falls from 86.0% to 77.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
33.0%▲
2024 · -7.8%
Debt ≤ 1 year
€9.4m▼
2024 · €9.7m
Income taxes
€518▼
2024 · €150,448
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €400,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €462,501 | €471,394 | €471,947 | €472,322 | €471,936 | ▼ 0.1% |
| Other operating charges640/8 | €65,690 | €60,630 | €74,246 | €33,533 | €93,789 | ▲ 180% |
| Non-recurring operating charges66A | - | €43,399 | - | - | - | - |
| Gross operating margin9900 | €984,968 | €848,442 | €1.0m | €1.1m | €1.8m | ▲ 62.9% |
| Operating profit (loss)9901 | €456,776 | €273,019 | €485,429 | €629,247 | €1.3m | ▲ 104% |
| Financial income75/76B | €16,050 | - | - | €0 | €1,727 | ▲ 17,269,200% |
| Recurring financial income75 | €16,050 | - | - | €0 | €1,727 | ▲ 17,269,200% |
| Financial charges65/66B | €251,354 | €249,186 | €675,428 | €629,575 | €334,049 | ▼ 46.9% |
| Recurring financial charges65 | €251,354 | €249,186 | €675,428 | €629,575 | €334,049 | ▼ 46.9% |
| Profit (loss) for the period before taxes9903 | €221,472 | €23,832 | -€189,999 | -€328 | €950,931 | ▲ 289,938% |
| Income taxes67/77 | €45,700 | €110,434 | €56,907 | €150,448 | €518 | ▼ 99.7% |
| Profit (loss) for the period9904 | €175,772 | -€86,602 | -€246,906 | -€150,776 | €950,413 | ▲ 730% |
| Profit (loss) for the period to be appropriated9905 | €175,772 | -€86,602 | -€246,906 | -€150,776 | €950,413 | ▲ 730% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.5m | €14.0m | €18.0m | €13.7m | €12.6m | ▼ 8.0% |
| Fixed assets21/28 | €13.4m | €13.0m | €12.6m | €12.0m | €11.6m | ▼ 3.9% |
| Tangible fixed assets22/27 | €13.4m | €12.9m | €12.5m | €12.0m | €11.5m | ▼ 3.9% |
| Land and buildings22 | €13.4m | €12.9m | €12.5m | €12.0m | €11.5m | ▼ 3.9% |
| Financial fixed assets28 | €86,937 | €131,637 | €164,896 | €52,238 | €52,238 | = |
| Current assets29/58 | €1.1m | €1.0m | €5.3m | €1.7m | €1.1m | ▼ 37.0% |
| Amounts receivable after more than one year29 | €144,770 | - | - | - | - | - |
| Other amounts receivable291 | €144,770 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €709,520 | €820,785 | €1.2m | €1.5m | €389,794 | ▼ 74.7% |
| Trade receivables40 | €685,038 | €809,268 | €1.1m | €1.5m | €389,794 | ▼ 74.2% |
| Other amounts receivable41 | €24,483 | €11,518 | €34,546 | €27,370 | - | - |
| Current investments50/53 | - | - | - | - | €450,000 | - |
| Cash at bank and in hand54/58 | €70,888 | €67,096 | €4.1m | €52,637 | €138,305 | ▲ 163% |
| Deferred charges and accrued income490/1 | €156,192 | €136,832 | €104,866 | €87,694 | €81,817 | ▼ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.5m | €14.0m | €18.0m | €13.7m | €12.6m | ▼ 8.0% |
| Equity10/15 | €2.4m | €2.3m | €2.1m | €1.9m | €2.9m | ▲ 49.3% |
| Contributions10/11 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Capital10 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Issued capital100 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Reserves13 | €46,397 | €46,397 | €46,397 | €46,397 | €1.3m | ▲ 2,727% |
| Non-distributable reserves130/1 | €46,397 | €46,397 | €46,397 | €46,397 | €94,000 | ▲ 103% |
| Legal reserve130 | €46,397 | €46,397 | €46,397 | €46,397 | €94,000 | ▲ 103% |
| Distributable reserves133 | - | - | - | - | €1.2m | - |
| Profit (loss) carried forward14 | €799,204 | €712,602 | €465,696 | €314,919 | - | - |
| Amounts payable17/49 | €12.1m | €11.7m | €15.9m | €11.8m | €9.7m | ▼ 17.3% |
| Amounts payable after more than one year17 | €4.8m | €9.3m | €9.2m | €1.8m | - | - |
| Financial debts170/4 | €4.8m | €9.3m | €8.4m | - | - | - |
| Other amounts payable178/9 | - | - | €774,288 | €1.8m | - | - |
| Amounts payable within one year42/48 | €7.1m | €2.2m | €6.3m | €9.7m | €9.4m | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | €6.1m | €809,778 | €812,500 | €8.4m | - | - |
| Financial debts43 | - | - | €4.2m | - | - | - |
| Credit institutions430/8 | - | - | €4.2m | - | - | - |
| Trade debts44 | €19,483 | €612,362 | €654,706 | €505,817 | €217,119 | ▼ 57.1% |
| Suppliers440/4 | €19,483 | €612,362 | €654,706 | €505,817 | €217,119 | ▼ 57.1% |
| Advances received on contracts in progress46 | €486,250 | €486,250 | €486,250 | €486,250 | - | - |
| Taxes, remuneration and social security45 | €149,526 | €169,539 | €122,273 | €266,289 | - | - |
| Taxes450/3 | €149,526 | €169,539 | €122,273 | €266,289 | - | - |
| Other amounts payable47/48 | €330,000 | €162,000 | - | - | €9.2m | - |
| Accrued charges and deferred income492/3 | €249,345 | €222,925 | €366,940 | €287,912 | €309,168 | ▲ 7.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €175,772 | -€86,602 | -€246,906 | -€150,776 | €950,413 | ▲ 730% |
| + Depreciation and write-downs630 | €462,501 | €471,394 | €471,947 | €472,322 | €471,936 | ▼ 0.1% |
| Operating cash flow (approximation) | €638,273 | €384,792 | €225,041 | €321,546 | €1.4m | ▲ 342% |
| Investment in fixed assets (approximation) | - | -€44,700 | -€83,176 | €112,658 | €0 | ▼ 100% |
| Change in cash | - | -€3,792 | €4.0m | -€4.0m | €85,668 | ▲ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €950,413
Net result €950,413 after 3 loss-making years.
31-12
Financial
Equity above €2mEq €2.9m ▲49.3%
Equity rises from €1.9m to €2.9m.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€246,906
Net result drops to -€246,906, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €175,772
Net result €175,772 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €1.3m ▲334%
Operating result €1.7m, net result €1.3m, both a record.
Show earlier events
31-12
Financial
Liquidity times 8current ratio 3.43
Current ratio from 0.42 to 3.43; short-term debt falls from €8.8m to €1.9m.
31-12
Financial
Equity above €2mEq €2.3m ▲122%
2 profitable years in a row build equity to €2.3m.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2008
Ground area
2.6 ha
Building footprint
2.3 ha
Parcel 36017D0732/00T000, Flanders. Linked by address, not a title deed.
37
companies at this address
See who is registered here
1 establishment unit
RING RETAIL
since 20082.170.924.732
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017D0732/00T000 | Flanders | 2.6 ha | 1 · 2.3 ha | - |
Linked by address, not proof of ownership
Good to know
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
Owners and holdings
4 ownersOwners 4
-
33.33%
-
33.33%
-
33.33%
-
20%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,506 companies in sector 66199 we hold annual accounts for 922. 360 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
68110Buying and selling of own real estate
71111Activities of building architects
Contact
Phone
(09)225 25 71Roeselare
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894452737
Also
9925:BE0894452737
Registered
08-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.