Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
RING PUBLI from Ieper, company number BE0886838237, closed financial year 2025 with a result of € -113,887 after tax. For that financial year RING PUBLI recorded a gross margin of € -6,705 and equity of € -1.4 million. Compared with financial year 2024, the result moved from € -406,427 to € -113,887. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 1, 2026.
€ -1.4 million
▼ € 113,887 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -113,887
▲ 72 % less loss than in 2024
Profit after tax over the fiscal year.
€ 513
▼ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.7 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 113,678
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 333,873 | € 141,574 | € 7,063 | € -6,705 | ▼ € 13,768 |
| Profit after taxes | € -50,040 | € -274,506 | € -406,427 | € -113,887 | ▲ € 292,540 |
| Equity | € -641,760 | € -916,265 | € -1,322,692 | € -1,436,579 | ▼ € 113,887 |
| Total debts | € 1,697,328 | € 1,454,901 | € 1,350,530 | € 1,449,248 | ▲ 7% |
| Cash | € 325 | € 1,191 | € 6,696 | € 513 | ▼ 92% |
| Retained profit | € -908,260 | € -1,182,765 | € -1,589,192 | € -1,703,079 | ▼ € 113,887 |
| Balance sheet total | € 1,055,569 | € 538,636 | € 27,837 | € 12,669 | ▼ 54% |
Key figures of RING PUBLI, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to RING PUBLI?
What happened at RING PUBLI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kadmos BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 113,887. filed late Source: NBB ↗
- GHEMIC BV became a director. NBB
- Kadmos BV became a director. NBB
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 50,040 loss in 2022 to € 113,887 loss in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of INTERNATIONAL REAL ESTATE SERVICES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RING PUBLIBehind RING PUBLI is GHEMIC BV. The shares are held by INTERNATIONAL REAL ESTATE SERVICES (99.2%).
Directors
According to the 2025 annual accounts
Director · represented by Michael Gheysens
Also active at: GHELAMCO INVEST, SOGIMES, THE WHITE HOUSE ZOUTE, STEELCON, IMMOBILIERE COGIMES, MeetDistrict, VERBENA, CMI +4 more
since 2025
Managing director · represented by Paul Gheysens
Also active at: GHELAMCO, STEELCON, BELGIAN TRADING COMPANY, MeetDistrict Gent, INTERNATIONAL REAL ESTATE SERVICES
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zwaanhofweg 10
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →R.H.R. - INDUSTRIES
€ 272,092 gross margin · 2024
GARAGE S.O.S.
€ -10,621 gross margin · 2024
GHELAMCO same network
€ 549,961 revenue · 2024
GHELAMCO INVEST same network
€ 38.6 million revenue · 2025
SOGIMES same network
€ 4.7 million gross margin · 2025
+74 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0886.838.237
- VAT number
- BE 0886.838.237
- Registered office
- Zwaanhofweg 10, 8900 Ieper
- Names & denominations
- RING PUBLI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 January 2007
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Mediarepresentatie
Activiteiten van reclamebureaus