PITTWAY
ActivePITTWAY has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.98M and a net result of €589k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 88% of 7921 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
85
/ 100
Excellent▼ -15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▼-10
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €420k at 30 days acceptable
Liquidity ample (current ratio 6.7 against 5.42 in 2024), and 15% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85%
Return on assets
10.1%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 17-07-2026, 14 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
14 d early
2024
20 d late
2023
160 d late
2022
26 d early
2021
6 d early
2020
19 d early
2019
11 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€3.65M▼ 69.3%
2022 · €11.89M
2020: €20.86M
2021: €23.75M
2022: €11.89M
2020 → 2023
EBIT margin
17.7%▲ 10.6pp
2022 · 7.1%
2020: 3.9%
2021: 4.1%
2022: 7.1%
2020 → 2023
Net result
€589k▼ 3.1%
2024 · €608k
2020: €397k
2021: €534k
2022: €546k
2023: €579k
2024: €608k
2020 → 2025
Working capital
€4.99M▲ 13.5%
2024 · €4.39M
2020: €2.09M
2021: €2.63M
2022: €3.19M
2023: €3.78M
2024: €4.39M
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€23.75M-€11.89M▼ 49.9%€3.65M▼ 69.3%
Equity€2.66M-€3.21M▲ 20.5%€3.78M▲ 18.1%€4.39M▲ 16.1%€4.98M▲ 13.4%
Operating result€977k-€844k▼ 13.6%€646k▼ 23.4%€611k▼ 5.4%€610k▼ 0.2%
Net result€534k-€546k▲ 2.3%€579k▲ 6.1%€608k▲ 5.1%€589k▼ 3.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 0% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €5.86M
Equity
€4.98M▲ 13.4%
Provisions
€34=
Debt
€878k▼ 11.7%
The debt ratio falls from 18.5% to 15.0%: equity grows while debt is paid down.
Key figures and ratios
Solvency
85.0%▲
2024 · 81.5%
Current ratio
6.70▲
2024 · 5.42
Quick ratio
6.70▲
2024 · 5.42
Debt / equity
0.18▼
2024 · 0.23
ROE
11.8%▼
2024 · 13.8%
ROA
10.1%▼
2024 · 11.3%
Debt
€878k▼
2024 · €995k
Debt ≤ 1 year
€875k▼
2024 · €995k
Income taxes
€238k▼
2024 · €252k
Staff costs
€2.33M▲
2024 · €1.91M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.39M€5.86M▲
Current assets29/58€5.39M€5.86M▲
Amounts receivable within one year40/41€5.36M€5.86M▲
Trade receivables40€1.21M€790k▼
Other amounts receivable41€4.15M€5.07M▲
Deferred charges and accrued income490/1€25k€0▼
Equity and liabilities
Total equity and liabilities10/49€5.39M€5.86M▲
Equity10/15€4.39M€4.98M▲
Contributions10/11€93k€93k=
Reserves13€262k€262k=
Tax-exempt reserves132€253k€253k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€4.04M€4.63M▲
Provisions and deferred taxes16€34€34=
Provisions for liabilities and charges160/5€34€34=
Other liabilities and charges164/5€34€34=
Amounts payable17/49€995k€878k▼
Amounts payable within one year42/48€995k€875k▼
Trade debts44€288k€111k▼
Suppliers440/4€288k€111k▼
Taxes, remuneration and social security45€706k€764k▲
Taxes450/3€313k€335k▲
Remuneration and social security454/9€393k€429k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Remuneration, social security and pensions62€1.91M€2.33M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€210€183▼
Gross operating margin9900€2.52M€2.94M▲
Operating profit (loss)9901€611k€610k▼
Financial income75/76B€252k€219k▼
Recurring financial income75€252k€219k▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€860k€827k▼
Income taxes67/77€252k€238k▼
Profit (loss) for the period9904€608k€589k▼
Profit (loss) for the period to be appropriated9905€608k€589k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.04M€4.63M▲
Profit (loss) brought forward from the previous period14P€3.43M€4.04M▲
Social balance
Average headcount (FTE)908711.011.0=
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
07-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 160 days late
2024
31-12
Financial
Highest result since 2020net €608k ▲5.1%
Net result €608k, the highest in the series.
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity triplescurrent ratio 5.04
Current ratio from 1.73 to 5.04; short-term debt falls from €3.60M to €791k.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Machelen (Brab.) · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hermeslaan 1H1831 Machelen (Brab.)Ground area
1,792 m²
Building footprint
4,145 m²
Volume, LiDAR
37,146 m³
Parcel 23015B0108/00H000, Flanders · tallest building 28.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Pittway
since 20182.276.112.324
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0108/00H000 | Flanders | 1,792 m² | 1 · 4,145 m² | 28.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
IT RESELLERS GROUP
BE 0474.392.653
Antwerpen · Eq €5.01M
MITEL BELGIUM
BE 0860.042.580
Mechelen · Eq €4.94M
XsolveIT
BE 0541.787.659
Sint-Niklaas · Eq €5.03M
Acerta Services
BE 0453.045.428
Brussel · Eq €5.03M
BULO
BE 0459.905.605
Mechelen · Eq €4.92M
Of 2,120 companies in sector 46500 we hold annual accounts for 1,400. 444 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-04-2018
Fiscal year end31-12
Activities, NACEBEL
46500Wholesale of information and communication equipment
46510Wholesale trade
46643Wholesale of electrical equipment, including installation materials
46647Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.