ACTIVE

PING

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Financial year 2025 · closed on 31/12/2025

Net result

13,7 k €

+139.5% YoY

Gross margin

34,3 k €

-10.9% YoY

Equity

107,8 k €

+14.5% YoY

What does PING do?

PING is a Private limited company incorporated in 1991. Its registered office is in Waterloo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.795.172

Incorporation

05/12/1991

Legal form

Private limited company

Registered office

Rue de la Station 220
1410 Waterloo · WallonieSee on map

Contributed capital

431 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	34,3 k €	-10.9%	38,5 k €	+12.9%	34,1 k €	-26.2%	46,2 k €	-48.0%	88,9 k €	+126%	39,4 k €	-4.5%	41,2 k €	-31.9%	60,4 k €	-1.4%	61,3 k €	-6.6%	65,6 k €	-18.1%	80,1 k €	+12.9%	70,9 k €	+66.0%	42,7 k €	+2.3%	41,8 k €	-72.9%	154,1 k €	+3.8%	148,5 k €	+7.4%	138,2 k €	+44.6%	95,6 k €	-24.0%	125,8 k €	+7.7%	116,8 k €
EBITDA	26 k €	+1.6%	25,6 k €	-12.3%	29,2 k €	+4.7%	27,9 k €	-62.2%	73,8 k €	+105%	36 k €	+92.7%	18,7 k €	-62.4%	49,7 k €	+111%	23,6 k €	-16.7%	28,3 k €	-38.6%	46,2 k €	+12.4%	41,1 k €	+719%	5 k €	+26.5%	4 k €	-96.7%	119,8 k €	+31.4%	91,2 k €	+117%	42 k €	+308%	10,3 k €	-75.9%	42,8 k €	+37.6%	31,1 k €
Operating result	19,1 k €	+158%	-33,1 k €	-292%	17,2 k €	+64.6%	10,5 k €	-81.8%	57,5 k €	+126%	25,4 k €	+355%	5,6 k €	-82.3%	31,5 k €	+221%	9,8 k €	-41.1%	16,6 k €	-50.7%	33,8 k €	+16.4%	29 k €	+643%	-5,3 k €	+73.7%	-20,3 k €	-141%	49,5 k €	+146%	20,2 k €	+168%	-29,6 k €	+55.9%	-67 k €	-54.8%	-43,3 k €	+24.0%	-57 k €
Net result	13,7 k €	+139%	-34,6 k €	-270%	20,4 k €	+142%	8,4 k €	-81.4%	45,2 k €	+518%	7,3 k €	+552%	-1,6 k €	-107%	22,5 k €	+857%	2,4 k €	-18.9%	2,9 k €	-85.8%	20,4 k €	-16.3%	24,4 k €	+529%	-5,7 k €	+75.9%	-23,6 k €	-199%	24 k €	-59.5%	59,2 k €	+290%	-31,2 k €	+47.8%	-59,8 k €	-68.9%	-35,4 k €	+38.2%	-57,3 k €
Balance sheet
Equity	107,8 k €	+14.5%	94,1 k €	-26.9%	128,7 k €	+18.8%	108,4 k €	+8.4%	100 k €	+82.5%	54,8 k €	+15.4%	47,5 k €	-3.3%	49,1 k €	+84.8%	26,6 k €	+9.7%	24,2 k €	+13.6%	21,3 k €	+2373%	861,9 €	+104%	-23,6 k €	+91.2%	-267,9 k €	-9.7%	-244,3 k €	+8.9%	-268,2 k €	+18.1%	-327,4 k €	-10.5%	-296,2 k €	-25.3%	-236,4 k €	-17.6%	-200,9 k €
Total assets	217,7 k €	+40.3%	155,1 k €	+9.0%	142,4 k €	-12.9%	163,5 k €	+8.7%	150,3 k €	+27.1%	118,3 k €	+5.0%	112,7 k €	+25.2%	90 k €	-5.6%	95,3 k €	+42.2%	67 k €	-25.3%	89,7 k €	+34.7%	66,6 k €	+16.8%	57 k €	-26.2%	77,2 k €	-26.1%	104,5 k €	-52.4%	219,5 k €	+24.3%	176,6 k €	-50.2%	355 k €	-22.6%	458,4 k €	-7.9%	497,5 k €
Cash	29,3 k €	+161%	11,2 k €	-32.1%	16,5 k €	+1563%	993 €	-88.4%	8,6 k €	+158%	3,3 k €	+43.3%	2,3 k €	-32.4%	3,4 k €	-45.6%	6,3 k €	-54.8%	14 k €	+66.6%	8,4 k €	+564%	1,3 k €	-56.2%	2,9 k €	-27.9%	4 k €	-75.1%	16,1 k €	+37.0%	11,7 k €	+186%	4,1 k €	-14.7%	4,8 k €	-24.7%	6,4 k €	-11.4%	7,2 k €
Debts	62,6 k €	+357%	13,7 k €	+10.2%	12,4 k €	-77.5%	55,1 k €	+9.3%	50,4 k €	-20.7%	63,5 k €	-2.6%	65,2 k €	+59.4%	40,9 k €	+2.3%	40 k €	+118%	18,4 k €	-62.7%	49,3 k €	+27.2%	38,7 k €	-33.4%	58,2 k €	-82.3%	328,2 k €	-5.9%	348,8 k €	-28.5%	487,7 k €	-3.2%	504 k €	+20.3%	418,8 k €	-15.1%	493,5 k €	-10.3%	549,8 k €
Other
Workforce	–		–		–		–		0,4 ETP		–		–		–		–		0,6 ETP	-14.3%	0,7 ETP	-22.2%	0,9 ETP	-18.2%	1,1 ETP	-8.3%	1,2 ETP	+9.1%	1,1 ETP	-8.3%	1,2 ETP	-64.7%	3,4 ETP	-50.0%	6,8 ETP	-8.1%	7,4 ETP	+48.0%	5,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Wen Ping

Director · since 08 avril 2024

Active

Ended mandates

Wen PING

Director · since 03 août 2007

Ended

WEN PING

Administrator - manager · since 01 août 2007

Ended

LING FANG

Manager

Ended

Wen PING

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
BELELA● Active	0797.757.692
MADNESS PRODUCTION● Active	0677.583.602
NOW TAVP● Active	1038.594.638
WENINVEST● Active	0476.054.521

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/06/2026	30/05/2025	05/06/2024	09/11/2023	11/07/2022	14/10/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	27/05/2023	27/05/2022	30/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	01/06/2026	French	PDF
Micro model	31/12/2024	30/05/2025	30/05/2025	French	PDF
Micro model	31/12/2023	31/05/2024	05/06/2024	French	PDF
Micro model	31/12/2022	27/05/2023	09/11/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	11/07/2022	French	PDF
Micro model	31/12/2020	30/06/2021	14/10/2021	French	PDF
Micro model	31/12/2019	14/12/2020	15/12/2020	French	PDF
Micro model	31/12/2018	02/12/2019	23/12/2019	French	PDF
Micro model	31/12/2017	25/05/2018	27/09/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	26/09/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	22/08/2016	French	PDF
Abridged model	31/12/2014	22/05/2015	26/08/2015	French	PDF
Abridged model	31/12/2013	23/05/2014	31/10/2014	French	PDF
Abridged model	31/12/2012	24/05/2013	06/08/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	28/10/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	05/08/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	14/10/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	30/06/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	09/06/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	29/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2025 · 1 active · 5 ended

Active mandates

Wen Ping

Director · since 08 avril 2024

Active

Ended mandates

Wen PING

Director · since 03 août 2007

Ended

WEN PING

Administrator - manager · since 01 août 2007

Ended

LING FANG

Manager

Ended

Wen PING

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Capital / shares20/12/2013
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office13/08/2010
SIEGE SOCIAL
PDF
Mandates25/09/2007
DEMISSIONS, NOMINATIONS
PDF
Capital / shares20/10/2006
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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

2025
Annual accounts 202513,7 k €↑
2024
Annual accounts 2024-34,6 k €↓
2023
Annual accounts 202320,4 k €↑
2022
Annual accounts 20228,4 k €↓
2021
Annual accounts 202145,2 k €↑
2020
Annual accounts 20207,3 k €↑
2019
Annual accounts 2019-1,6 k €↓
2018
Annual accounts 201822,5 k €↑
2017
Annual accounts 20172,4 k €↓
2016
Annual accounts 20162,9 k €↓
2015
Annual accounts 201520,4 k €↓
2014
Annual accounts 201424,4 k €↑
2013
Annual accounts 2013-5,7 k €↑
2012
Annual accounts 2012-23,6 k €↓
2011
Annual accounts 201124 k €↓
2010
Annual accounts 201059,2 k €↑
2009
Annual accounts 2009-31,2 k €↑
2008
Annual accounts 2008-59,8 k €↓
2007
Annual accounts 2007-35,4 k €↑
2006
Annual accounts 2006-57,3 k €
05/12/1991
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

PING

Overview

What does PING do?

Trend over 20 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