Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 19.1 to 17.1.
Financials
Financial year 2025
ITW BELGIUM from Dilbeek, company number BE0423163884, closed financial year 2025 with a result of € 8.7 million after tax. For that financial year ITW BELGIUM recorded revenue of € 38.6 million and equity of € 98.4 million. Compared with financial year 2024, the result moved from € 34.5 million to € 8.7 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 98.4 million
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8.7 million
▼ 75% vs 2024
Profit after tax over the fiscal year.
€ 71.7 million
▼ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 36 million.
People and assets in 2025
17.1
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▼ 8% vs 2024
€ 100,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,805
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.7 million
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 39 days on average.
€ 429,682
▼ 35% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 42,679,164 | € 39,462,123 | € 39,215,812 | € 38,593,981 | ▼ 2% |
| Profit after taxes | € 50,112,035 | € 8,002,209 | € 34,487,997 | € 8,653,963 | ▼ 75% |
| Equity | € 115,266,472 | € 85,268,681 | € 89,756,678 | € 98,410,641 | ▲ 10% |
| Total debts | € 40,121,888 | € 49,439,464 | € 69,802,934 | € 46,206,857 | ▼ 34% |
| Cash | € 82,606,653 | € 63,016,485 | € 87,956,735 | € 71,730,799 | ▼ 18% |
| Land & buildings | € 384,000 | € 360,000 | € 336,000 | € 312,000 | ▼ 7% |
| Retained profit | € 52,899,395 | € 22,901,604 | € 27,389,601 | € 36,043,564 | ▲ 32% |
| Dividend | € 45,000,000 | € 38,000,000 | € 30,000,000 | € 0 | ▼ 100% |
| Balance sheet total | € 155,621,414 | € 134,852,134 | € 159,703,852 | € 144,738,946 | ▼ 9% |
| Employees (FTE) | 20.7 | 19.1 | 17.9 | 17.1 | ▼ 0.8 |
Key figures of ITW BELGIUM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ITW BELGIUM?
What happened at ITW BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8.7 million (▼ 75% vs 2024). Source: NBB ↗
- Monique Gonçalves Martins became a director. NBB
- Benoit Amiot became a director. NBB
- Manoela Fry Pereira became a director. NBB
- New establishment in Liège. KBO
- New establishment in Dilbeek. KBO
- New establishment in Zaventem. KBO
- New establishment in Morlanwelz. KBO
In short
From € 50.1 million profit in 2022 to € 8.7 million profit in 2025.
Paid € 11 million in corporate taxes since 2022.
Best year ever: 2022, with € 50.1 million profit.
Paid out € 113 million in dividends to the owners in total.
Management
Behind ITW BELGIUM are Monique Gonçalves Martins, Benoit Amiot and Manoela Fry Pereira. The shares are held by ITW Participations (100%) and Capital Ventures (Australasia) SARL (0%). It owns 100% of Valeron Strength Films, 99.8% of Hobart Foster Belgium and 99.2% of ITW Additives International itself.
Directors
According to the 2025 annual accounts
Monique Gonçalves Martins
Director
since 2020
Benoit Amiot
Director
since 2020
Manoela Fry Pereira
Director
since 2020
Shareholders
ITW Participations
100%
Capital Ventures (Australasia) SARL
0%
Participations
Establishments
Establishment units
Physical locations of this company
't Hofveld 3
1702 Dilbeek
Excelsiorlaan 1
1930 Zaventem
Active since 15 September 1982
Avenue du Centenaire(CAR) -
7141 Morlanwelz
Active since 15 September 1982
Quai Saint-Léonard 48
4000 Liège
Active since 16 June 1993
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.163.884
- VAT number
- BE 0423.163.884
- Registered office
- 't Hofveld 3, 1702 Dilbeek
- Names & denominations
- ITW BELGIUM · Paslode - Signode - Spit
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 1982
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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