ACTIVE

PITTWAY

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Financial year 2025 · closed on 31/12/2025
Net result
589,4 k €
-3.1% YoY
Gross margin
2,9 M €
+16.9% YoY
Equity
5 M €
+13.4% YoY
Workforce
11,0 ETP
0.0% YoY

What does PITTWAY do?

PITTWAY is a Private limited company incorporated in 2018. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Machelen (Brab.). It employs on average 11,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0695.418.635
Incorporation
24/04/2018
Legal form
Private limited company
Registered office
Hermeslaan 1H
1831 Machelen (Brab.) · FlandreSee on map
Contributed capital
93 035,46 €
Latest accounts
31/12/2025
Average workforce
11,0 ETP
Activities (NACE)
46500Wholesale of information and communication equipment· main46510Wholesale of computers, computer peripheral equipment and software46643Wholesale of machinery for the textile industry and of sewing and knitting machines46693Wholesale of other machinery and equipment46647Wholesale of machinery for the textile industry and of sewing and knitting machines46697Wholesale of other machinery and equipment
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin2,9 M €2,5 M €––––
EBITDA610 k €611,3 k €659,4 k €841,8 k €998,6 k €818,8 k €
Operating result610 k €611,3 k €646 k €843,8 k €976,9 k €822,6 k €
Net result589,4 k €608,3 k €579 k €545,6 k €533,5 k €397,1 k €
Balance sheet
Equity5 M €4,4 M €3,8 M €3,2 M €2,7 M €2,1 M €
Total assets5,9 M €5,4 M €4,4 M €4 M €6,3 M €5,9 M €
Debts874,9 k €994,8 k €664,9 k €790,9 k €3,6 M €3,7 M €
Other
Workforce11,0 ETP11,0 ETP12,0 ETP13,4 ETP14,7 ETP15,7 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Carl Tuerlinckx

Director · since 29 février 2024

Active
Johan De Keukelaere

Director · since 01 août 2018

Active

Ended mandates

Saysanak Nguyen

Director · since 15 juillet 2020 · until 29 février 2024

Ended
Saysanak Nguyen

Director · since 15 juillet 2020

Ended
Lambertus Hilbrand Buurma

Director · since 26 octobre 2018 · until 01 août 2020

Ended
At this address

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HONEYWELL ANALYTICS● Active
0446.601.559
Honeywell Europe● Active
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0893.676.737
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/07/202620/08/202507/01/202505/07/202325/07/202212/07/2021
General meeting30/06/202613/08/202529/11/202430/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202617/07/2026DutchPDF
Abridged model31/12/202413/08/202520/08/2025DutchPDF
Full model31/12/202329/11/202407/01/2025DutchPDF
Full model31/12/202230/06/202305/07/2023DutchPDF
Full model31/12/202130/06/202225/07/2022DutchPDF
Full model31/12/202030/06/202112/07/2021DutchPDF
Full model31/12/201930/06/202011/08/2020DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 2 active · 3 ended

Active mandates

Carl Tuerlinckx

Director · since 29 février 2024

Active
Johan De Keukelaere

Director · since 01 août 2018

Active

Ended mandates

Saysanak Nguyen

Director · since 15 juillet 2020 · until 29 février 2024

Ended
Saysanak Nguyen

Director · since 15 juillet 2020

Ended
Lambertus Hilbrand Buurma

Director · since 26 octobre 2018 · until 01 août 2020

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/07/2026
    DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/07/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/08/2020
    ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
    PDF
  • Mandates14/11/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/09/2018
    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

Timeline

  1. 2025
    Annual accounts 2025589,4 k €↓
  2. 2024
    Annual accounts 2024608,3 k €↑
  3. 2023
    Annual accounts 2023579 k €↑
  4. 2022
    Annual accounts 2022545,6 k €↑
  5. 2021
    Annual accounts 2021533,5 k €↑
  6. 2020
    Annual accounts 2020397,1 k €
  7. 24/04/2018
    IncorporationPrivate limited company