Equity
€52.4m ▲ 0.9%
PITS has made a profit without a break since 2020.
PITS
Lifetime
17 annual accounts with figures on one time axis, 38 filings since 1988peak €38.8m (2022)
€35.4m▲ 2.9%
lowest -€6.1m (2012)
€474,704▼ 71.5%
peak €67.8m (2008)
€52.4m▲ 0.9%
€7.6m▼ 5.2%
peak 146 FTE (2012)
103.3 FTE▼ 0.6%
Board11 names since 2016
3 directorsGert Roeckx and 2 others
Owners5 names in the annual accounts
100%SIGNIFY BELGIUM and 1 other
Documentsfilings and deeds
19-06-202642 days before the deadline
2025financial year
Result from €1.7m to €474,704Reappointment: Ernst & Young Bedrijfsrevisoren bcvba (statuto… 10-09
Key points
from the 2025 annual accountsResult
€474,704 ▼ 71.5%
The result fell in 2025 from €1.7m to €474,704.
Staff
103.3 FTE from 146 in 2012
Between 2012 and 2025, 29% of the full-time equivalents disappeared.
Payment terms
78 days to suppliers
PITS pays its suppliers 15 days earlier than in 2024. Customers pay 2 days later.
Filings
38 annual accounts since 1988
The last five annual accounts were filed 31 to 42 days before the end of the period.
Position in the sector
€52.4m
More equity than 91% of companies in computer and electronic products. Sector median €2.6m · 174 companies.
Checked score
96
Excellent
Financially stronger than 69% of medium-sized companies in computer and electronic products (NACE 26)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 33 companies (NACE 26, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025highest value
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 7.17
lowers risk
Size: turnover €35.4m, 103.3 FTE, total assets €60.3m
Founded in 1987
Equity €52.4m (86.8% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 26, medium-sized). It does better than 92% of them on solvency, 97% on liquidity, 35% on profitability and 53% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as PITS has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of PITS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for PITS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,500,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.17 (6.75 in 2024), above the usual 1.5. Short-term debt is 12.6% of total assets. 13.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 days early
2024
42 days early
2023
35 days early
2022
31 days early
2021
32 days early
2020
24 days early
2019
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 26), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SIGNIFY BELGIUM 100%score 90equity €422.1m (2025) · annual accounts 2025
- SIGNIFY NV consolidatesannual accounts 2025
Recent changes
1 statutory auditor appointed, 1 resignation, 1 director reappointed
Resignation: EY (statutory auditor) · Appointment: PwC Bedrijfsrevisoren BV (statutory auditor) · Permanent representative: Steven Van Bael · Gazette deed
Reappointment: Ernst & Young Bedrijfsrevisoren bcvba (statutory auditor)
General meeting of 19-06-2025 · Gazette deed
1 director resigning
Wim Rombaut · Permanent representatives: Frédéric De mee and Eef Naessens · Director discharge: Wim Rombaut · General meeting of 20-09-2023 · Gazette deed
Resignation: Hendrik Vermeire (director)
General meeting of 30-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PITS Asse | €35.4m | -0.7% | 86.8% | 103.3 |
| Rolls-Royce Solutions Liège Grâce-Hollogne | €47.9m | -2.1% | 27.4% | 139.1 |
| A.C.B. (ADVANCED CIRCUIT BOARDS) Dendermonde | €32.4m | 32.4% | 73.6% | 119 |
| C-MAC ELECTROMAG Ronse | €40.4m | 12.2% | 39.4% | 157.6 |
| PAGE ELECTRONICA Poperinge | €22.1m | 11.6% | 85.7% | 137.4 |
| E.D. en A. Kalmthout | €29.6m | 5.4% | 84.6% | 91.9 |
| Psicontrol Ypres | €75.1m | 12.1% | 85.7% | 157.7 |
Grey: the largest companies of the sector (computer and electronic products (NACE 26)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as PITS: manufacture of computer, electronic and optical products (NACE 26110). They are comparable in size and age: total assets between €20m and €75m, founded between 1973 and 1997.
Official details
Source: KBO- Status
- Active since 26-06-1987Normal situation
- Activity
- Manufacture of computer, electronic and optical productsNACE 26110and 2 others
- Joint committees
- 111Metal, mechanical and electrical engineering
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment unit
- 2.201.914.9458800 Roeselare, since 04-07-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €60.3m▲ 0.1%
- Employeeson 31-12-2025
- 105▼ 0.9%
- Filing
- Filed on 19-06-2026, 42 days before the end of the filing period
Insights on PITS
PITS has existed since 1987. Turnover fell from €7.0m in 2008 to €3.2m in 2009.
SIGNIFY BELGIUM holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PITS
- What is the company number of PITS?
- The company number of PITS is 0431.363.849. The VAT number is the same number with BE in front: BE 0431.363.849.
- Where is PITS based?
- The registered office is at Z. 1 Researchpark 210, 1731 Asse.Company details
- What does PITS do?
- According to the KBO register, the main activity is manufacture of computer, electronic and optical products (NACE 26110).
- What is the legal form of PITS?
- PITS is a public limited company (NV).
- When was PITS founded?
- PITS was founded on 26-06-1987.
- Is PITS still active?
- Yes, PITS is an active enterprise in the KBO register.
- How many employees does PITS have?
- PITS had an average of 103.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does PITS fall under?
- In its 2025 annual accounts, PITS states joint committees 111 (Metal, mechanical and electrical engineering) and 209 (White-collar workers in metal manufacturing).
- What is the turnover of PITS?
- The turnover of PITS was €35.4m in financial year 2025, according to the filed annual accounts.
- Is PITS profitable?
- In financial year 2025, PITS made a profit of €474,704.
- Where can I find the annual accounts of PITS?
- PITS filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PITS due?
- PITS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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