Ringsted Net Due Diligence

Run due diligence on Ringsted Net: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Independent (Denmark) · ringstednet.dk · 12 vendors

Ringsted Net is a locally operated member-owned association (forening) based in Ringsted, Denmark, providing broadband internet and cable/streaming TV services via a local hybrid fiber network (Hybrid-FIBERNET). The organization offers internet packages ranging from 200 Mbit/s to 1350 Mbit/s, as well as TV packages and mobile telephony services. It is governed by an elected board and serves the residents of the Ringsted area.

Resilience scores

Digital Sovereignty: 50
Digital Resilience: 5
Financial Resilience: 7

Technology vendors

Curanet A/S — Technology — Denmark
Frank Goossens (Autoptimize) — Technology — Netherlands
LiteSpeed Technologies, Inc. — Technology — United States
and 9 more

Insights

Last updated 2026-09-13 · revision 3

12 direct vendors, 96 subvendors

Direct vendors by controlling owner country (sample)

United Kingdom: 1
India: 1
Netherlands: 1

Subvendors by controlling owner country (sample)

Netherlands: 6
Switzerland: 2
Norway: 1

Compliance

7 in-scope frameworks identified; showing 3.

Financials

Three-year financials

2024: revenue DKK 23.68M, EBIT DKK -0.11M, equity DKK 12.01M
2023: revenue DKK 24.28M, EBIT DKK 0.59M, equity DKK 12.15M
2022: revenue DKK 22.54M, EBIT DKK 0.26M, equity DKK 11.59M

Financial Resilience Score: 7/10

Ringsted Net demonstrates a very strong balance sheet for a small member-owned Danish telecoms cooperative. Equity of approximately DKK 12.0M against total assets of DKK 13.5M gives an equity ratio of ~89%, and the association is essentially debt-free after repaying its long-term leasing debt of DKK 0.5M during 2023. Liquidity has improved steadily, with cash and bonds rising from DKK 0.90M in 2022 to DKK 2.36M at end-2024, providing a comfortable working-capital cushion. However, the operational picture is weaker. Revenue has stagnated in a narrow DKK 22–24M band since 2021, and 2024 marked the first loss (DKK -141K after tax) after two years of modest profits. The two most member-driven revenue lines — membership dues (kontingenter) and internet rental — have both declined by roughly 23–25% cumulatively over four years, indicating structural member churn as national fibre and streaming operators gain share. TV package sales dominate the top line at ~69% but are essentially pass-through to content owners, so margins depend on the shrinking broadband and dues segments. A recurring audit qualification from Sønderup I/S notes the inability to assess the fair value of the antenna plant (DKK 10.67M carrying value), which represents the majority of assets. Any material impairment could significantly reduce equity. Combined with 100% geographic concentration in a single Danish municipality, this limits the resilience score despite the strong capital position.

Key strengths: Equity ratio of ~89% (DKK 12.0M equity / DKK 13.5M total assets), Essentially debt-free; long-term leasing debt fully repaid in 2023, Growing liquidity buffer: DKK 2.36M cash and bonds at end-2024, Stable recurring member-based subscription revenue, Unqualified audit opinion aside from antenna plant valuation caveat, Equity grew ~12% from 2021 to 2024 via retained surpluses

Risk factors: Recurring audit qualification on antenna plant valuation (DKK 10.67M), 2024 posted first loss (DKK -141K) after two profitable years, Membership dues down 24.9% cumulatively 2021-2024, Internet rental revenue down 22.8% cumulatively 2021-2024, 100% geographic concentration in Ringsted municipality, TV programme sales are near-zero margin pass-through (~69% of revenue), Structural decline in cable TV market vs. national fibre/streaming competitors, Small scale with no geographic or product diversification

Revenue by geography

Denmark (Ringsted): 100%

Revenue by product/service

Programsalg (TV package sales): 68.5%
Udlejning af Internet (broadband): 18.6%
Kontingenter (membership dues): 9.4%
Øvrige indtægter (other): 2.2%
Udlejning mast/fiber: 0.6%
Rykker- og administrationsgebyrer: 0.6%
Tilslutningsafgifter (connection fees): 0.3%

Workforce by country

Denmark: 0

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