PITH
InactiveOverview
Activity
Activity not known
Size
€1.6mtotal assets 2024
- Staff
- 18.6 FTE
- Equity
- €1.1m
- Profit
- €123,324
Turnover not published (abbreviated format)
Financial health
Inactive: no score
Structure
2 of 6 deeds summarised
Signalsraises riskAnnual accounts not filedneutralLatest accounts filed on timeShow the evidence
Signals
Two signals.
raises riskneutral
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 269 days later.
NBB · 10 filingsPosition against the passed deadline
30-06-2025 year end31-01-2026 deadline27-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 18-12-2024, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
44 days early
2023
19 days early
2022
on the day
2021
48 days early
2020
2 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 19 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Restructuring · End & cessationReappointments: TIPI, VANHOUTTE Pieter Frans…
- RestructuringPermanent representative: Vanhoutte Peter ·…
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2024, abbreviated format
Equity
€1.1m▲ 9.3%
2023 · €998,417
Total assets
€1.6m▲ 0.3%
2023 · €1.6m
Net result
€123,324▲ 56.2%
2023 · €78,929
Working capital
€941,438▲ 10.2%
2023 · €854,495
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 66% above 2023 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.2m
2024
Net result€0.1m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.6m
2024
Equity€1.1m
2024
Debt€0.5m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.9m
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)18.6
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€0.1m-€0.09m▼ 23.7%€0.02m▼ 79.3%€0.1m▲ 564%€0.1m▲ 12.3%€0.2m▲ 66.3%
Net result€0.06m-€0.08m▲ 26.1%€0.006m▼ 92.2%€0.06m▲ 936%€0.08m▲ 26.5%€0.1m▲ 56.2%
Equity€0.9m-€1.0m▲ 3.5%€1.0m▲ 0.6%€1.0m▲ 1.3%€1.0m▲ 3.0%€1.1m▲ 9.3%
Total assets€1.6m-€1.7m▲ 6.2%€1.7m▲ 2.8%€1.7m▼ 3.6%€1.6m▼ 5.6%€1.6m▲ 0.3%
Debt€0.5m-€0.6m▲ 12.4%€0.6m▲ 6.9%€0.7m▲ 9.4%€0.6m▼ 17.5%€0.5m▼ 15.3%
Working capital€0.8m-€0.9m▲ 14.7%€1.2m▲ 29.0%€1.0m▼ 15.4%€0.9m▼ 13.2%€0.9m▲ 10.2%
Staff (FTE)13.4-10.4▼ 22.4%9▼ 13.5%9.4▲ 4.4%13.1▲ 39.4%18.6▲ 42.0%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets
€297,943 ▼ 8.8%
Current assets
€1.3m ▲ 2.7%
Equity and liabilities €1.6m
Equity
€1.1m ▲ 9.3%
Debt
€489,529 ▼ 15.3%
Debt's share of the balance-sheet total falls from 36.7% to 31.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€284,991▲
2023 · €195,986
Cash flow
€189,371▲
2023 · €143,231
Current ratio
3.75▲
2023 · 3.16
Quick ratio
2.47▲
2023 · 1.89
Debt to equity
0.45▼
2023 · 0.58
ROE
11.3%▲
2023 · 7.9%
ROA
7.8%▲
2023 · 5.0%
Interest coverage
8.16▲
2023 · 3.98
Debt ≤ 1 year
€341,890▼
2023 · €395,281
Debt > 1 year
€145,887▼
2023 · €176,609
Income taxes
€70,837▲
2023 · €17,529
Staff costs
€534,385▲
2023 · €469,982
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10,000 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €373,395 | €469,982 | €534,385 | ▲ 13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,404 | €52,662 | €40,902 | €56,878 | €64,302 | €66,047 | ▲ 2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €581 | €0 | ▼ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€134,344 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €75,749 | €84,825 | €80,389 | ▼ 5.2% |
| Non-recurring operating charges66A | - | - | - | - | €84,520 | €0 | ▼ 100% |
| Gross operating margin9900 | €608,973 | €494,913 | €422,394 | €488,932 | €835,892 | €899,766 | ▲ 7.6% |
| Operating profit (loss)9901 | €111,969 | €85,438 | €17,648 | €117,254 | €131,684 | €218,944 | ▲ 66.3% |
| Financial income75/76B | - | - | - | €12,615 | €14,057 | €10,128 | ▼ 28.0% |
| Recurring financial income75 | €23,564 | €26,584 | €20,546 | €12,615 | €14,057 | €10,128 | ▼ 28.0% |
| Financial charges65/66B | - | - | - | €46,117 | €49,283 | €34,911 | ▼ 29.2% |
| Recurring financial charges65 | €60,632 | €30,074 | €28,448 | €46,117 | €49,283 | €34,911 | ▼ 29.2% |
| Profit (loss) for the period before taxes9903 | €74,901 | €81,948 | €9,746 | €83,752 | €96,459 | €194,161 | ▲ 101% |
| Income taxes67/77 | €13,456 | €4,460 | €3,724 | €21,359 | €17,529 | €70,837 | ▲ 304% |
| Profit (loss) for the period9904 | €61,446 | €77,488 | €6,022 | €62,393 | €78,929 | €123,324 | ▲ 56.2% |
| Transfer from tax-exempt reserves789 | - | - | - | €48,419 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €61,446 | €77,488 | €6,022 | €110,812 | €78,929 | €123,324 | ▲ 56.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.6m | €1.7m | €1.7m | €1.7m | €1.6m | €1.6m | ▲ 0.3% |
| Fixed assets21/28 | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 8.8% |
| Intangible fixed assets21 | - | €0.02m | €0.01m | €0.007m | €0.002m | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 8.3% |
| Land and buildings22 | - | - | - | €0.2m | €0.1m | €0.09m | ▼ 4.6% |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.07m | €0.07m | ▲ 11.0% |
| Other tangible fixed assets26 | - | - | - | - | €0.2m | €0.1m | ▼ 18.7% |
| Financial fixed assets28 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Current assets29/58 | €1.3m | €1.4m | €1.5m | €1.4m | €1.2m | €1.3m | ▲ 2.7% |
| Stocks and contracts in progress3 | €0.5m | €0.6m | €0.4m | €0.3m | €0.5m | €0.4m | ▼ 12.5% |
| Stocks30/36 | - | - | - | €0.3m | €0.5m | €0.4m | ▼ 12.5% |
| Amounts receivable within one year40/41 | €0.6m | €0.6m | €0.6m | €0.6m | €0.4m | €0.5m | ▲ 1.8% |
| Trade receivables40 | - | - | - | €0.1m | €0.02m | €0.01m | ▼ 50.0% |
| Other amounts receivable41 | - | - | - | €0.5m | €0.4m | €0.4m | ▲ 4.2% |
| Current investments50/53 | - | €0.06m | €0.1m | €0.1m | €0.05m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.4m | €0.3m | €0.2m | €0.4m | ▲ 57.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.01m | ▼ 8.9% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.6m | €1.7m | €1.7m | €1.7m | €1.6m | €1.6m | ▲ 0.3% |
| Equity10/15 | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | ▲ 9.3% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 10.0% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.9m | €0.9m | €1.0m | ▲ 10.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0.1m | €0.1m | €0.1m | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0 | - | - | - |
| Pensions and similar obligations160 | - | - | - | €0 | - | - | - |
| Amounts payable17/49 | €0.5m | €0.6m | €0.6m | €0.7m | €0.6m | €0.5m | ▼ 15.3% |
| Amounts payable after more than one year17 | €0.02m | €0.06m | €0.3m | €0.3m | €0.2m | €0.1m | ▼ 17.4% |
| Financial debts170/4 | - | - | - | €0.3m | €0.2m | €0.1m | ▼ 17.4% |
| Other amounts payable178/9 | - | - | - | €0 | - | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €0.3m | €0.4m | €0.4m | €0.3m | ▼ 13.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.2m | €0.09m | ▼ 48.3% |
| Financial debts43 | - | - | - | €0.002m | €0.006m | €0.002m | ▼ 70.7% |
| Credit institutions430/8 | - | - | - | €0.002m | €0.006m | €0.002m | ▼ 70.7% |
| Trade debts44 | €0.3m | €0.4m | €0.06m | €0.08m | €0.04m | €0.07m | ▲ 66.2% |
| Suppliers440/4 | - | - | - | €0.08m | €0.04m | €0.07m | ▲ 66.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.09m | €0.1m | ▲ 35.2% |
| Taxes450/3 | - | - | - | €0.05m | €0.04m | €0.06m | ▲ 51.0% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.05m | €0.06m | ▲ 22.2% |
| Other amounts payable47/48 | - | - | - | €0.07m | €0.07m | €0.05m | ▼ 30.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.006m | €0.002m | ▼ 71.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,446 | €77,488 | €6,022 | €62,393 | €78,929 | €123,324 | ▲ 56.2% |
| + Depreciation and write-downs630 | €50,404 | €52,662 | €40,902 | €56,878 | €64,302 | €66,047 | ▲ 2.7% |
| Operating cash flow (approximation) | €111,849 | €130,150 | €46,924 | €119,271 | €143,231 | €189,371 | ▲ 32.2% |
| Investment in fixed assets (approximation) | - | -€9,613 | -€29,023 | -€136,474 | -€77,011 | -€37,285 | ▲ 51.6% |
| Change in cash | - | -€70,777 | €282,891 | -€136,382 | -€32,128 | €140,648 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2024 | abbreviated format | 18-12-2024 | 2024-00620735 |
| 30-06-2023 | abbreviated format | 12-01-2024 | 2024-00001895 |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00011690 |
| 30-06-2021 | abbreviated format | 14-12-2021 | 2021-80700163 |
| 30-06-2020 | abbreviated format | 29-01-2021 | 2021-03100168 |
| 30-06-2019 | abbreviated format | 30-01-2020 | 2020-03300491 |
| 30-06-2018 | abbreviated format | 31-01-2019 | 2019-04300466 |
| 30-06-2017 | abbreviated format | 18-12-2017 | 2017-72200258 |
| 30-06-2016 | abbreviated format | 06-01-2017 | 2017-00700109 |
| 30-06-2015 | abbreviated format | 11-01-2016 | 2016-01100004 |
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €7,968 awarded · €7,968 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €83 | €1,733 |
| 2023 | 1 | €4,375 | €2,725 |
| 2022 | 1 | €3,510 | €3,510 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
no sitting director read yet, last change in 2025
No directors read yet: 2 of 6 Gazette acts processed. See the directors and other office holders in the KBO →
Mandate history
3 people since 2024, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| TIPI |
|
| VANHOUTTE Pieter Frans Marcel Werner Johan Henri |
|
| VANHOUTTE Tine Sabine Greta Heide Pauline |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
Stated in the act
act of 30-12-2024 ↗
- Vanhoutte Peter 1,248 shares
- Vanhoutte Pieter 1 share
- Vanhoutte Tine 1 share
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Connections & network
The board mandates are listed below; here you explore them as a network.
This company
Company
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Shareholding
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Acquisitions and mergers
1 transactionTaken over by:TIPI
Acts, filings and financial milestones
2025
28-02
Gazette deed
Restructuring · End & cessationReappointments: TIPI, VANHOUTTE Pieter Frans Marcel Werner Johan Henri and VANHOUTTE Tine Sabine Greta Heide Pauline · Permanent representative: VANHOUTTE Peter Frans Leon · Resignations: TIPI, VANHOUTTE Pieter Frans Marcel Werner Johan Henri and VANHOUTTE Tine Sabine Greta Heide Pauline41 facts ▸
Gazette deed
Restructuring · End & cessation
Reappointments: TIPI, VANHOUTTE Pieter Frans Marcel Werner Johan Henri and VANHOUTTE Tine Sabine Greta Heide Pauline · Permanent representative: VANHOUTTE Peter Frans Leon · Resignations: TIPI, VANHOUTTE Pieter Frans Marcel Werner Johan Henri and VANHOUTTE Tine Sabine Greta Heide Pauline41 facts ▸
- Incorporation, 31-10-1985
- Director reappointment, TIPI (director)
- Permanent representative, VANHOUTTE Peter Frans Leon
- Director reappointment, VANHOUTTE Pieter Frans Marcel Werner Johan Henri (director)
- Director reappointment, VANHOUTTE Tine Sabine Greta Heide Pauline (director)
- Merger, “bestuursorgaan overnemende vennootschap samen met bestuursorgaan over te nemen vennootschap”, 13-12-2024 (deed in Dutch)
- Other provision, “afstand omstandig verslag bestuursorgaan over fusie, vennoten” (deed in Dutch)
- Other provision, “vrijstelling lezing verslag bestuursorgaan overnemende vennootschap over inbreng in natura, artikel 5:121 WVV” (deed in Dutch)
- Other provision, “geen ander verslag bestuursorgaan inzake fusie gewenst, vennoten van beide vennootschappen” (deed in Dutch)
- Other provision, “afstand verslag bedrijfsrevisor over fusie, vennoten” (deed in Dutch)
- Other provision, “vrijstelling lezing revisoraal controleverslag over inbreng in natura, artikel 5:133 WVV juncto artikel 5:121 WVV” (deed in Dutch)
- Auditor report, “geen bevindingen van materieel belang, uitgezonderd mogelijke effecten aangelegenheid Basis voor oordeel met voorbehoud”, EUR (deed in Dutch)
- +29 further facts in this act
2024
30-12
Gazette deed
RestructuringPermanent representative: Vanhoutte Peter · Shareholding · Merger29 facts ▸
Gazette deed
Restructuring
Permanent representative: Vanhoutte Peter · Shareholding · Merger29 facts ▸
- Board composition, TIPI BV (director)
- Board composition, Vanhoutte Pieter (director)
- Board composition, Vanhoutte Tine (director)
- Permanent representative, Vanhoutte Peter
- Shareholding, 1248
- Shareholding, 1 (2 times)
- Other provision, “kennis artikel 12:2 WVV fusie door overneming, gehele vermogen,rechten en verplichtingen” (deed in Dutch)
- Other provision, “kennis artikel 12:13 WVV gelijkgestelde verrichting, artikel 12:13 WVV” (deed in Dutch)
- Merger, “fusie door overneming, rechten” (deed in Dutch)
- Other provision, “0,17 nieuwe aandelen TIPI BV per 1 aandeel PITH NV, ruilverhouding” (deed in Dutch)
- Other provision, “op naam, wijze uitreiking aandelen” (deed in Dutch)
- Other provision, 01-07-2024, “deelname in winst” (deed in Dutch)
- +17 further facts in this act
18-12
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
30-06
Financial
Highest result from 2019 to 2024net €123,324 ▲56.2%
Operating result €218,944, net result €123,324, both a record.
30-06
Financial
Equity above €1mequity €1.1m ▲9.3%
A profit in every financial year since 2019 builds equity to €1.1m.
12-01
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format
2023
31-01
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format
2021
14-12
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format
30-06
Financial
Weakest financial yearnet €6,022 ▼92.2%
Net result drops to €6,022, the lowest in the series.
29-01
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format
2020
30-01
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
2019
31-01
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
Show earlier events
2017
18-12
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
06-01
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
2016
11-01
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 39 annual accounts filed, the latest 10 are here; all 39 are under Financials.
2 of 6 deeds read
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Recognitions · licences · registrations
Legal Entity Identifier
549300XZ01L3EZVIRK18
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.