What does PITTWAY do?

PITTWAY is a wholesaler in Machelen (Brab.). Private Limited, started on 24 April 2018, 1 establishment.

What is the address of PITTWAY?

The registered office of PITTWAY is located at Hermeslaan 1H, 1831 Machelen (Brab.).

Is PITTWAY still active?

Yes. According to the CBE (30 October 2026) PITTWAY is active, legal situation “Normale toestand”, started on 24 April 2018.

Is PITTWAY registered on Peppol?

Yes, PITTWAY is registered on the Peppol network with ID 0208:0695418635.

What is the enterprise number of PITTWAY?

The enterprise number of PITTWAY is BE0695418635.

When was PITTWAY founded?

PITTWAY was founded on 24 April 2018.

Who are the directors of PITTWAY?

According to the 2025 annual accounts, the directors of PITTWAY are: Carl Tuerlinckx, Johan De Keukelaere.

Is PITTWAY a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 24 April 2018; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did PITTWAY make in 2025?

PITTWAY posted a profit after taxes of € 589,351 in financial year 2025.

What is the revenue of PITTWAY?

As a small company, PITTWAY is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 2,941,169.

How much does an employee at PITTWAY earn?

The average wage cost per full-time employee at PITTWAY was € 211,900 in 2025: staff costs of € 2.3 million for 11 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does PITTWAY have?

According to the 2025 annual accounts, PITTWAY has 11 full-time equivalents (FTE).

PITTWAY (Private Limited) - Machelen (Brab.)

Dossier PITTWAY, printed on 30 October 2026 from databakkes.be/en/0695418635/pittway. 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.

Busy address KBO

10 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

PITTWAY from Machelen (Brab.), company number BE0695418635, closed financial year 2025 with a result of € 589,351 after tax. For that financial year PITTWAY recorded a gross margin of € 2.9 million and equity of € 5 million. Compared with financial year 2024, the result moved from € 608,258 to € 589,351. 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 17, 2026.

What it is worth Growing

€ 5 million

▲ 13% vs 2024

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

Profit Healthy

€ 589,351

▼ 3% vs 2024

Profit after tax over the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 4.9 million.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 2.3 million

▲ 22% vs 2024

€ 211,900 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.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 110,863

▼ 62% vs 2024

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

Taxes and wages

€ 764,005

▲ 8% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 11,890,527 Revenue 2022: € 11,890,527 First fiscal year in the series	€ 3,652,757 Revenue 2023: € 3,652,757 ▼ 69% vs 2022 (€ 11,890,527) Unfavourable step	-	-
Gross margin	-	-	€ 2,517,022 Gross margin 2024: € 2,517,022 First fiscal year in the series	€ 2,941,169 Gross margin 2025: € 2,941,169 ▲ 17% vs 2024 (€ 2,517,022) Favourable step	▲ 17%
Profit after taxes	€ 545,609 Profit after taxes 2022: € 545,609 First fiscal year in the series	€ 578,979 Profit after taxes 2023: € 578,979 ▲ 6% vs 2022 (€ 545,609) Favourable step	€ 608,258 Profit after taxes 2024: € 608,258 ▲ 5% vs 2023 (€ 578,979) Favourable step	€ 589,351 Profit after taxes 2025: € 589,351 ▼ 3% vs 2024 (€ 608,258) Unfavourable step	▼ 3%
Equity	€ 3,205,865 Equity 2022: € 3,205,865 First fiscal year in the series	€ 3,784,843 Equity 2023: € 3,784,843 ▲ 18% vs 2022 (€ 3,205,865) Favourable step	€ 4,393,101 Equity 2024: € 4,393,101 ▲ 16% vs 2023 (€ 3,784,843) Favourable step	€ 4,982,452 Equity 2025: € 4,982,452 ▲ 13% vs 2024 (€ 4,393,101) Favourable step	▲ 13%
Total debts	€ 790,892 Total debts 2022: € 790,892 First fiscal year in the series	€ 664,941 Total debts 2023: € 664,941 ▼ 16% vs 2022 (€ 790,892) Favourable step	€ 994,806 Total debts 2024: € 994,806 ▲ 50% vs 2023 (€ 664,941) Unfavourable step	€ 878,303 Total debts 2025: € 878,303 ▼ 12% vs 2024 (€ 994,806) Favourable step	▼ 12%
Land & buildings	€ 13,717 Land & buildings 2022: € 13,717 First fiscal year in the series	€ 0 Land & buildings 2023: € 0 ▼ 100% vs 2022 (€ 13,717) Unchanged	-	-
Retained profit	€ 3,112,829 Retained profit 2022: € 3,112,829 First fiscal year in the series	€ 3,691,808 Retained profit 2023: € 3,691,808 ▲ 19% vs 2022 (€ 3,112,829) Favourable step	€ 4,300,066 Retained profit 2024: € 4,300,066 ▲ 16% vs 2023 (€ 3,691,808) Favourable step	€ 4,889,417 Retained profit 2025: € 4,889,417 ▲ 14% vs 2024 (€ 4,300,066) Favourable step	▲ 14%
Balance sheet total	€ 3,996,757 Balance sheet total 2022: € 3,996,757 First fiscal year in the series	€ 4,449,818 Balance sheet total 2023: € 4,449,818 ▲ 11% vs 2022 (€ 3,996,757) Unchanged	€ 5,387,941 Balance sheet total 2024: € 5,387,941 ▲ 21% vs 2023 (€ 4,449,818) Unchanged	€ 5,860,789 Balance sheet total 2025: € 5,860,789 ▲ 9% vs 2024 (€ 5,387,941) Unchanged	▲ 9%
Employees (FTE)	13.4 Employees (FTE) 2022: 13.4 First fiscal year in the series	12 Employees (FTE) 2023: 12 ▼ 1.4 vs 2022 (13.4) Unchanged	11 Employees (FTE) 2024: 11 ▼ 1 vs 2023 (12) Unchanged	11 Employees (FTE) 2025: 11 Unchanged (11) Unchanged

Key figures of PITTWAY, 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 PITTWAY?

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

Jul 17, 2026 New annual accounts for financial year 2025: profit of € 589,351 (▼ 3% vs 2024). Source: NBB ↗
2024 Carl Tuerlinckx became a director. NBB
2018 Johan De Keukelaere became a director. NBB
May 1, 2018 New establishment in Machelen (Brab.). KBO
Apr 24, 2018 Start of the company according to the CBE. KBO

In short

From € 545,609 profit in 2022 to € 589,351 profit in 2025.

Paid € 913,873 in corporate taxes since 2022.

Best year ever: 2024, with € 608,258 profit.

On average € 267,400 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Ademco 4 Limited 100%

ADI-GARDINER 100%

The stake of ADI-GARDINER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

PITTWAY

Behind PITTWAY are Carl Tuerlinckx and Johan De Keukelaere. The shares are held by Ademco 4 Limited (100%) and ADI-GARDINER (100%).

Directors

According to the 2025 annual accounts

Carl Tuerlinckx

Director

since 2024

Johan De Keukelaere

Director

since 2018

Shareholders

Ademco 4 Limited

100%

ADI-GARDINER

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Hermeslaan 1H

1831 Machelen (Brab.)

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.

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Details

Company number

0695.418.635

VAT number

BE 0695.418.635

Registered office

Hermeslaan 1H, 1831 Machelen (Brab.)

Names & denominations

PITTWAY

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

24 April 2018

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Groothandel in informatie- en communicatieapparatuur

Groothandel in elektrisch materiaal, inclusief installatiemateriaal

Groothandel in computers, randapparatuur en software

Groothandel in machines en apparaten voor de warmte-, koel- en vriestechniek voor industrieel gebruik

View on CBE Public ↗ Annual accounts (NBB) ↗

PITTWAY

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Financials

What happened to PITTWAY?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions