ACTIVE

RING

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Financial year 2025 · closed on 31/12/2025

Net result

50 k €

+43.8% YoY

Gross margin

72 k €

+20.5% YoY

Equity

1,2 M €

+4.2% YoY

What does RING do?

RING is a Public limited company incorporated in 1993. Its main activity is: Management consultancy activities. Its registered office is in Aalst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.682.190

Incorporation

06/08/1993

Legal form

Public limited company

Registered office

Albrechtlaan 50
9300 Aalst · FlandreSee on map

Contributed capital

620 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	72 k €	+20.5%	59,7 k €	-4.7%	62,7 k €	-19.3%	77,6 k €	+67.1%	46,5 k €	-9.5%	51,3 k €	-17.9%	62,5 k €	+22.0%	51,3 k €	+9.3%	46,9 k €	-74.8%	186,4 k €	-19.1%	230,4 k €	+0.6%	229 k €	-0.9%	231 k €	-0.3%	231,6 k €	-7.5%	250,4 k €	+20.0%	208,7 k €	-0.1%	208,8 k €	+9.1%	191,4 k €	-2.4%	196,1 k €	+7.7%	182,1 k €
EBITDA	70,6 k €	+20.8%	58,5 k €	-4.5%	61,2 k €	-20.2%	76,8 k €	+68.3%	45,6 k €	-9.6%	50,5 k €	-18.2%	61,7 k €	+22.4%	50,4 k €	+9.4%	46 k €	-75.2%	185,5 k €	-19.2%	229,6 k €	+0.6%	228,2 k €	-0.9%	230,2 k €	-0.3%	230,8 k €	-7.5%	249,6 k €	+20.1%	207,8 k €	-0.1%	208 k €	+9.2%	190,5 k €	+234%	-142,1 k €	-178%	181,3 k €
Operating result	61 k €	+33.5%	45,7 k €	+443%	8,4 k €	-41.1%	14,3 k €	+184%	-17 k €	-46.5%	-11,6 k €	-4226%	-268 €	+97.6%	-11,1 k €	+29.5%	-15,7 k €	-113%	123,5 k €	-27.4%	170,2 k €	+3.0%	165,3 k €	+6.6%	155,2 k €	+5.3%	147,4 k €	+2.3%	144,1 k €	-3.8%	149,8 k €	-4.3%	156,6 k €	+12.5%	139,1 k €	+172%	-193,3 k €	-248%	131 k €
Net result	50 k €	+43.8%	34,8 k €	+2478%	1,3 k €	-90.4%	14,1 k €	+162%	-22,6 k €	-21.3%	-18,6 k €	-150%	-7,5 k €	+62.1%	-19,7 k €	+26.4%	-26,8 k €	-136%	74,4 k €	-26.5%	101,3 k €	-73.2%	377,7 k €	+321%	89,7 k €	-10.3%	100 k €	+29.7%	77,1 k €	-6.8%	82,8 k €	+8.2%	76,5 k €	+31.8%	58 k €	+121%	-274,4 k €	-727%	43,7 k €
Balance sheet
Equity	1,2 M €	+4.2%	1,2 M €	+3.0%	1,2 M €	+0.1%	1,1 M €	+1.2%	1,1 M €	-2.0%	1,2 M €	-1.6%	1,2 M €	-0.6%	1,2 M €	-1.6%	1,2 M €	-2.2%	1,2 M €	+6.4%	1,2 M €	+9.6%	1,1 M €	+55.8%	677,1 k €	+15.3%	587,4 k €	+20.5%	487,3 k €	+18.8%	410,2 k €	+25.3%	327,4 k €	+30.5%	250,9 k €	+30.1%	192,9 k €	-58.7%	467,3 k €
Total assets	1,4 M €	+3.2%	1,3 M €	+3.0%	1,3 M €	+0.2%	1,3 M €	+0.6%	1,3 M €	-1.3%	1,3 M €	-0.9%	1,3 M €	-4.8%	1,4 M €	-7.9%	1,5 M €	-8.5%	1,6 M €	+1.0%	1,6 M €	-7.4%	1,8 M €	-3.2%	1,8 M €	-0.7%	1,8 M €	-2.5%	1,9 M €	+5.6%	1,8 M €	+1.8%	1,7 M €	-2.1%	1,8 M €	-3.3%	1,8 M €	-16.5%	2,2 M €
Cash	147,7 k €	+45.7%	101,3 k €		0 €	-100%	5,2 k €	+0.3%	5,2 k €	+1165%	407 €	-86.7%	3,1 k €	-36.6%	4,8 k €	-41.9%	8,3 k €	-1.7%	8,5 k €	-61.1%	21,8 k €	+341%	5 k €	+195%	1,7 k €	-91.8%	20,4 k €	+695%	2,6 k €	+317%	616,1 €	-88.5%	5,4 k €	+5.6%	5,1 k €	-14.5%	6 k €	-61.9%	15,6 k €
Debts	147,8 k €	-4.6%	155 k €	+2.7%	150,9 k €	+0.5%	150,1 k €	-4.0%	156,3 k €	+3.6%	150,8 k €	+4.5%	144,4 k €	-27.4%	198,9 k €	-33.3%	298,1 k €	-26.5%	405,4 k €	-12.7%	464,1 k €	-33.3%	695,5 k €	-38.5%	1,1 M €	-8.3%	1,2 M €	-10.5%	1,4 M €	+1.8%	1,4 M €	-3.6%	1,4 M €	-8.4%	1,5 M €	-6.3%	1,6 M €	-5.2%	1,7 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 13 ended

Active mandates

Anne PEYNSAERT

Director

Active

Carla STEPPE

Managing director

Active

Jan SALLET

Managing director

Active

Marc ADAM

Director

Active

Ended mandates

Anne Peynsaert

Director · since 18 avril 2017 · until 18 avril 2023

Ended

Carla Steppe

Managing director · since 18 avril 2017 · until 18 avril 2023

Ended

Jan Sallet

Managing director · since 18 avril 2017 · until 18 avril 2023

Ended

Marc Adam

Director · since 18 avril 2017 · until 18 avril 2023

Ended

At this address

Other companies at this address

Company	CBE no.
JASAM● Active	0477.868.520

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	28/08/2026	18/08/2025	30/08/2024	10/08/2023	22/08/2022	26/08/2021
General meeting	30/05/2026	31/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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	30/05/2026	28/08/2026	Dutch	PDF
Micro model	31/12/2024	31/05/2025	18/08/2025	Dutch	PDF
Micro model	31/12/2023	25/05/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	27/05/2023	10/08/2023	Dutch	PDF
Micro model	31/12/2021	28/05/2022	22/08/2022	Dutch	PDF
Micro model	31/12/2020	29/05/2021	26/08/2021	Dutch	PDF
Micro model	31/12/2019	30/05/2020	28/08/2020	Dutch	PDF
Micro model	31/12/2018	25/05/2019	27/08/2019	Dutch	PDF
Micro model	31/12/2017	26/05/2018	28/08/2018	Dutch	PDF
Micro model	31/12/2016	27/05/2017	09/08/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	17/08/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	01/08/2008	Dutch	PDF
Abridged model	31/12/2006	21/06/2007	13/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 4 active · 13 ended

Active mandates

Anne PEYNSAERT

Director

Active

Carla STEPPE

Managing director

Active

Jan SALLET

Managing director

Active

Marc ADAM

Director

Active

Ended mandates

Anne Peynsaert

Director · since 18 avril 2017 · until 18 avril 2023

Ended

Carla Steppe

Managing director · since 18 avril 2017 · until 18 avril 2023

Ended

Jan Sallet

Managing director · since 18 avril 2017 · until 18 avril 2023

Ended

Marc Adam

Director · since 18 avril 2017 · until 18 avril 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/01/2012
KAPITAAL - AANDELEN
PDF
Mandates22/07/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/07/2004
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates11/03/2004
ONTSLAGEN - BENOEMINGEN
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 202550 k €↑
2024
Annual accounts 202434,8 k €↑
2023
Annual accounts 20231,3 k €↓
2022
Annual accounts 202214,1 k €↑
2021
Annual accounts 2021-22,6 k €↓
2020
Annual accounts 2020-18,6 k €↓
2019
Annual accounts 2019-7,5 k €↑
2018
Annual accounts 2018-19,7 k €↑
2017
Annual accounts 2017-26,8 k €↓
2016
Annual accounts 201674,4 k €↓
2015
Annual accounts 2015101,3 k €↓
2014
Annual accounts 2014377,7 k €↑
2013
Annual accounts 201389,7 k €↓
2012
Annual accounts 2012100 k €↑
2011
Annual accounts 201177,1 k €↓
2010
Annual accounts 201082,8 k €↑
2009
Annual accounts 200976,5 k €↑
2008
Annual accounts 200858 k €↑
2007
Annual accounts 2007-274,4 k €↓
2006
Annual accounts 200643,7 k €
06/08/1993
IncorporationPublic 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

RING

Overview

What does RING 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