ACTIVE

PITS

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Financial year 2025 · closed on 31/12/2025

Net result

474,7 k €

-71.5% YoY

Revenue

35,4 M €

+2.9% YoY

Equity

52,4 M €

+0.9% YoY

Workforce

103,3 ETP

-0.6% YoY

What does PITS do?

PITS is a Public limited company incorporated in 1987. Its main activity is: Manufacture of electronic components. Its registered office is in Asse. It employs on average 103,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0431.363.849

Incorporation

26/06/1987

Legal form

Public limited company

Registered office

Z. 1 Researchpark 210
1731 Asse · FlandreSee on map

Contributed capital

10 000 000,00 €

Latest accounts

31/12/2025

Average workforce

103,3 ETP

Activities (NACE)

26110Manufacture of electronic components· main 26110Manufacture of electronic components 32100Manufacture of jewellery, bijouterie and related articles 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 46500Wholesale of information and communication equipment+4

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009		2008
Income statement
Revenue	35,4 M €	+2.9%	34,4 M €	-2.9%	35,4 M €	-8.7%	38,8 M €	+8.1%	35,9 M €	+12.9%	31,8 M €	-9.0%	34,9 M €	-7.7%	37,8 M €	+0.2%	37,8 M €	+12.6%	33,5 M €	-5.1%	35,4 M €	+7.7%	32,8 M €	-13.1%	37,8 M €	+0.8%	37,5 M €	+1138%	3 M €	-6.1%	3,2 M €	-53.7%	7 M €
EBITDA	2,5 M €	-11.3%	2,8 M €	+33.2%	2,1 M €	-34.8%	3,3 M €	-11.3%	3,7 M €	+129%	1,6 M €	+391839%	411,7 €	-99.8%	204,6 k €	-92.7%	2,8 M €	+89.0%	1,5 M €	-73.0%	5,5 M €	+129%	2,4 M €	+19.0%	2 M €	+299%	505,9 k €	+119%	231,2 k €	+91.9%	120,5 k €	-85.7%	841,4 k €
Operating result	-230,3 k €	-154%	427,9 k €	+273%	-247,4 k €	-134%	735,4 k €	-21.8%	940,4 k €	+199%	-946,6 k €	+56.9%	-2,2 M €	-15.3%	-1,9 M €	-283%	-497,4 k €	+83.3%	-3 M €	-565%	640,7 k €	+126%	-2,5 M €	+7.6%	-2,7 M €	+35.3%	-4,1 M €	-2136%	203,2 k €	+159%	78,4 k €	-90.3%	805,2 k €
Net result	474,7 k €	-71.5%	1,7 M €	+111%	789,5 k €	+38.0%	572,3 k €	-57.7%	1,4 M €	+191%	465,8 k €	+152%	-898 k €	-27.4%	-704,6 k €	-188%	802,6 k €	+145%	-1,8 M €	+68.4%	-5,7 M €	-296%	-1,4 M €	-28.1%	-1,1 M €	+81.8%	-6,1 M €	-16389%	-37,1 k €	+67.9%	-115,8 k €	-103%	3,5 M €
Balance sheet
Equity	52,4 M €	+0.9%	51,9 M €	+3.3%	50,2 M €	+1.6%	49,4 M €	+1.2%	48,9 M €	+2.9%	47,5 M €	+1.0%	47 M €	-1.9%	47,9 M €	-1.4%	48,6 M €	+1.7%	47,8 M €	-3.6%	49,6 M €	-10.2%	55,3 M €	-2.5%	56,7 M €	-1.9%	57,8 M €	-14.6%	67,7 M €	-0.1%	67,7 M €	-0.2%	67,8 M €
Total assets	60,3 M €	+0.1%	60,3 M €	+2.7%	58,7 M €	+3.5%	56,7 M €	-0.8%	57,2 M €	+6.3%	53,8 M €	-5.8%	57,1 M €	-1.5%	57,9 M €	-2.6%	59,5 M €	+3.3%	57,6 M €	-4.0%	60 M €	-10.6%	67,2 M €	-3.7%	69,8 M €	-7.1%	75,1 M €	+5.5%	71,1 M €	+0.6%	70,7 M €	-1.3%	71,6 M €
Cash	–		–		–		–		–		–		–		1,3 k €	-87.6%	10,8 k €	+2737%	379,2 €	-75.9%	1,6 k €	-100.0%	7 M €	+42.6%	4,9 M €	-88.0%	40,9 M €	-41.4%	69,8 M €	+1.3%	68,9 M €	+4.1%	66,2 M €
Debts	7,6 M €	-5.2%	8 M €	-1.6%	8,1 M €	+17.5%	6,9 M €	-13.0%	8 M €	+34.7%	5,9 M €	-38.8%	9,6 M €	+3.2%	9,3 M €	-11.9%	10,6 M €	+11.9%	9,5 M €	-5.9%	10,1 M €	-11.3%	11,4 M €	-9.2%	12,5 M €	-20.3%	15,7 M €	+475%	2,7 M €	+21.0%	2,3 M €	-37.6%	3,6 M €
Other
Workforce	103,3 ETP	-0.6%	103,9 ETP	-2.0%	106,0 ETP	-2.8%	109,0 ETP	-1.6%	110,8 ETP	-1.9%	112,9 ETP	-1.1%	114,2 ETP	+3.9%	109,9 ETP	+2.5%	107,2 ETP	+3.3%	103,8 ETP	-3.4%	107,5 ETP	-9.4%	118,6 ETP	-12.5%	135,6 ETP	-7.1%	146,0 ETP	+435%	27,3 ETP	-8.7%	29,9 ETP	+7.2%	27,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 32 ended

Active mandates

Kristof Vermeersch

Director · since 01 décembre 2022 · until 15 juin 2029

Active

Gert Roeckx

Director · since 16 juin 2022 · until 16 juin 2028

Active

Guido Brants

Director · since 01 juillet 2020 · until 18 juin 2026

Active

Ended mandates

Wim Rombaut

Director · since 01 décembre 2021 · until 18 juin 2027

Ended

Bart Maeyens

Director · since 25 juin 2020 · until 18 juin 2026

Ended

Hendrik Vermeire

Director · since 25 juin 2020 · until 18 juin 2026

Ended

Hendrik Vermeire

Director · since 18 juin 2020 · until 18 juin 2026

Ended

At this address

Other companies at this address

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SEDENA FINANCIAL SERVICES● Active	0427.946.776
SIGNIFY BELGIUM● Active	0403.138.532
SIGNIFY PROPERTIES● Active	0437.162.370
VAT GROUP PHILIPS BELGIUM● Active	0895.752.933

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	19/06/2026	19/06/2025	26/06/2024	30/06/2023	29/06/2022	07/07/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	30/06/2023	16/06/2022	24/06/2021
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
Full model	31/12/2025	18/06/2026	19/06/2026	Dutch	PDF
Full model	31/12/2024	19/06/2025	19/06/2025	Dutch	PDF
Full model	31/12/2023	20/06/2024	26/06/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	30/06/2023	Dutch	PDF
Full model	31/12/2021	16/06/2022	29/06/2022	Dutch	PDF
Full model	31/12/2020	24/06/2021	07/07/2021	Dutch	PDF
Full model	31/12/2019	25/06/2020	09/07/2020	Dutch	PDF
Full model	31/12/2018	20/06/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	21/06/2018	18/07/2018	Dutch	PDF
Full model	31/12/2016	15/06/2017	31/07/2017	Dutch	PDF
Full model	31/12/2015	16/06/2016	11/07/2016	Dutch	PDF
Full model	31/12/2014	18/06/2015	22/07/2015	Dutch	PDF
Full model	31/12/2013	19/06/2014	17/07/2014	Dutch	PDF
Full model	31/12/2012	04/06/2013	15/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	13/07/2012	Dutch	PDF
Full model	31/12/2010	07/06/2011	13/07/2011	Dutch	PDF
Full model	31/12/2009	01/06/2010	30/06/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	03/07/2009	Dutch	PDF
Full model	31/12/2007	03/06/2008	10/07/2008	Dutch	PDF
Full model	31/12/2006	05/06/2007	18/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

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 · 3 active · 32 ended

Active mandates

Kristof Vermeersch

Director · since 01 décembre 2022 · until 15 juin 2029

Active

Gert Roeckx

Director · since 16 juin 2022 · until 16 juin 2028

Active

Guido Brants

Director · since 01 juillet 2020 · until 18 juin 2026

Active

Ended mandates

Wim Rombaut

Director · since 01 décembre 2021 · until 18 juin 2027

Ended

Bart Maeyens

Director · since 25 juin 2020 · until 18 juin 2026

Ended

Hendrik Vermeire

Director · since 25 juin 2020 · until 18 juin 2026

Ended

Hendrik Vermeire

Director · since 18 juin 2020 · until 18 juin 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other04/09/2026
Mandaten
PDF
Mandates10/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/11/2021
MAATSCHAPPELIJKE ZETEL
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 2025474,7 k €↓
19/06/2025
reconductionErnst & Young Bedrijfsrevisoren bcvba — commissaris
2024
Annual accounts 20241,7 M €↑
2023
Annual accounts 2023789,5 k €↑
2022
Annual accounts 2022572,3 k €↓
01/12/2022
nominationKristof Vermeersch — dagelijks bestuurder
16/06/2022
reconductionErnst & Young Bedrijfsrevisoren bevba — commissaris
16/06/2022
reconductionGert Roeckx — bestuurder
2021
Annual accounts 20211,4 M €↑
2020
Annual accounts 2020465,8 k €↑
2019
Annual accounts 2019-898 k €↓
2018
Annual accounts 2018-704,6 k €↓
2017
Annual accounts 2017802,6 k €↑
2016
Annual accounts 2016-1,8 M €↑
2015
Annual accounts 2015-5,7 M €↓
2014
Annual accounts 2014-1,4 M €↓
2013
Annual accounts 2013-1,1 M €↑
2012
Annual accounts 2012-6,1 M €↓
2010
Annual accounts 2010-37,1 k €↑
2010
Name changePITS NV
2009
Annual accounts 2009-115,8 k €↓
2008
Annual accounts 20083,5 M €
2008
Name changePhilips Innovative Technology Solutions
26/06/1987
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

PITS

Overview

What does PITS do?

Trend over 17 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