ITSTW is an IT company in Morlanwelz. Private Limited, started on 17 July 2014, 2 establishments.

What is the address of ITSTW?

The registered office of ITSTW is located at Rue Sault-à-Sault(CAR) 3, 7141 Morlanwelz.

Is ITSTW still active?

Yes. According to the CBE (30 October 2026) ITSTW is active, legal situation “Normale toestand”, started on 17 July 2014.

Is ITSTW registered on Peppol?

Yes, ITSTW is registered on the Peppol network with ID 0208:0556706259.

What is the enterprise number of ITSTW?

The enterprise number of ITSTW is BE0556706259.

When was ITSTW founded?

ITSTW was founded on 17 July 2014.

Who are the directors of ITSTW?

According to the 2025 annual accounts, the directors of ITSTW are: Thierry WATELET.

Is ITSTW a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 17 July 2014; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account; 2 establishments in the CBE.

How much profit did ITSTW make in 2025?

ITSTW posted a profit after taxes of € 9,483 in financial year 2025.

What is the revenue of ITSTW?

As a small company, ITSTW is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 79,173.

ITSTW (Private Limited) - Morlanwelz - BE0556706259

Dossier ITSTW, printed on 30 October 2026 from databakkes.be/en/0556706259/itstw. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 62 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

ITSTW from Morlanwelz, company number BE0556706259, closed financial year 2025 with a result of € 9,483 after tax. For that financial year ITSTW recorded a gross margin of € 79,173 and equity of € 88,428. Compared with financial year 2024, the result moved from € 7,508 to € 9,483. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 16, 2025.

What it is worth Growing

€ 88,428

▲ 12% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 9,483

▲ 26% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 16,615

▲ 91% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 67,968.

People and assets in 2025

Full-time equivalents estimate The annual accounts report no full-time equivalents. A micro company with one active director is usually run by that person; this is an assumption, not a figure from the source.

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Vehicles and equipment

€ 34,775

▼ 22% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 5 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 59,788

▼ 32% vs 2024

€ 11,495 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 110,766

▲ 44% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 3,323

▲ 65% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 33,183 Gross margin 2022: € 33,183 First fiscal year in the series	€ 24,179 Gross margin 2023: € 24,179 ▼ 27% vs 2022 (€ 33,183) Unfavourable step	€ 38,299 Gross margin 2024: € 38,299 ▲ 58% vs 2023 (€ 24,179) Favourable step	€ 79,173 Gross margin 2025: € 79,173 ▲ 107% vs 2024 (€ 38,299) Favourable step	▲ 107%
Profit after taxes	€ -775 Profit after taxes 2022: € -775 First fiscal year in the series	€ -2,712 Profit after taxes 2023: € -2,712 ▼ € 1,937 vs 2022 (€ -775) Unfavourable step	€ 7,508 Profit after taxes 2024: € 7,508 ▲ € 10,220 vs 2023 (€ -2,712) Favourable step	€ 9,483 Profit after taxes 2025: € 9,483 ▲ 26% vs 2024 (€ 7,508) Favourable step	▲ 26%
Equity	€ 74,149 Equity 2022: € 74,149 First fiscal year in the series	€ 71,437 Equity 2023: € 71,437 ▼ 4% vs 2022 (€ 74,149) Unfavourable step	€ 78,945 Equity 2024: € 78,945 ▲ 11% vs 2023 (€ 71,437) Favourable step	€ 88,428 Equity 2025: € 88,428 ▲ 12% vs 2024 (€ 78,945) Favourable step	▲ 12%
Total debts	€ 140,824 Total debts 2022: € 140,824 First fiscal year in the series	€ 134,545 Total debts 2023: € 134,545 ▼ 4% vs 2022 (€ 140,824) Favourable step	€ 196,336 Total debts 2024: € 196,336 ▲ 46% vs 2023 (€ 134,545) Unfavourable step	€ 198,357 Total debts 2025: € 198,357 ▲ 1% vs 2024 (€ 196,336) Unfavourable step	▲ 1%
Cash	€ 464 Cash 2022: € 464 First fiscal year in the series	€ 3,560 Cash 2023: € 3,560 ▲ € 3,096 vs 2022 (€ 464) Favourable step	€ 8,680 Cash 2024: € 8,680 ▲ 144% vs 2023 (€ 3,560) Favourable step	€ 16,615 Cash 2025: € 16,615 ▲ 91% vs 2024 (€ 8,680) Favourable step	▲ 91%
Land & buildings	€ 110,629 Land & buildings 2022: € 110,629 First fiscal year in the series	€ 111,373 Land & buildings 2023: € 111,373 ▲ 1% vs 2022 (€ 110,629) Unchanged	€ 104,522 Land & buildings 2024: € 104,522 ▼ 6% vs 2023 (€ 111,373) Unchanged	€ 120,379 Land & buildings 2025: € 120,379 ▲ 15% vs 2024 (€ 104,522) Unchanged	▲ 15%
Retained profit	€ 55,549 Retained profit 2022: € 55,549 First fiscal year in the series	€ 52,837 Retained profit 2023: € 52,837 ▼ 5% vs 2022 (€ 55,549) Unfavourable step	€ 58,485 Retained profit 2024: € 58,485 ▲ 11% vs 2023 (€ 52,837) Favourable step	€ 67,968 Retained profit 2025: € 67,968 ▲ 16% vs 2024 (€ 58,485) Favourable step	▲ 16%
Bank debt	€ 77,553 Bank debt 2022: € 77,553 First fiscal year in the series	€ 69,423 Bank debt 2023: € 69,423 ▼ 10% vs 2022 (€ 77,553) Favourable step	€ 88,359 Bank debt 2024: € 88,359 ▲ 27% vs 2023 (€ 69,423) Unfavourable step	€ 59,788 Bank debt 2025: € 59,788 ▼ 32% vs 2024 (€ 88,359) Favourable step	▼ 32%
Balance sheet total	€ 214,972 Balance sheet total 2022: € 214,972 First fiscal year in the series	€ 205,981 Balance sheet total 2023: € 205,981 ▼ 4% vs 2022 (€ 214,972) Unchanged	€ 275,281 Balance sheet total 2024: € 275,281 ▲ 34% vs 2023 (€ 205,981) Unchanged	€ 286,785 Balance sheet total 2025: € 286,785 ▲ 4% vs 2024 (€ 275,281) Unchanged	▲ 4%

Key figures of ITSTW, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

What happened to ITSTW?

What happened at ITSTW in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 16, 2025 New annual accounts for financial year 2025: profit of € 9,483 (▲ 26% vs 2024). Source: NBB ↗
Dec 8, 2021 New establishment in Morlanwelz. KBO
Jul 17, 2014 New establishment in Chapelle-lez-Herlaimont. KBO
Jul 17, 2014 Start of the company according to the CBE. KBO

In short

From € 775 loss in 2022 to € 9,483 profit in 2025.

Paid € 6,899 in corporate taxes since 2022.

Best year ever: 2025, with € 9,483 profit.

Original PDFs at the National Bank ↗

Management

Thierry WATELET

ITSTW

Behind ITSTW is Thierry WATELET.

Directors

According to the 2025 annual accounts

Thierry WATELET

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Rue Sault-à-Sault(CAR) 3

7141 Morlanwelz

2.232.810.534

Place de Gaulle 9A box 2/4

7160 Chapelle-lez-Herlaimont

Active since 17 July 2014

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0556.706.259

VAT number

BE 0556.706.259

Registered office

Rue Sault-à-Sault(CAR) 3, 7141 Morlanwelz

Names & denominations

ITSTW

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

17 July 2014

Peppol

Active · Active since 15 Jan 2025

Activities · NACE

Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten

Computerconsultancy-activiteiten

Overige diensten op het gebied van informatietechnologie en computer

Reparatie en onderhoud van consumentenelektronica

Activiteiten van webportalen

Handelsbemiddeling in de niet-gespecialiseerde groothandel

Webportalen

View on CBE Public ↗ Annual accounts (NBB) ↗

ITSTW

Warning lights

Financials

What happened to ITSTW?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions