ACTIVE

VAREL SECURITY

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Financial year 2025 · Closed on 30/09/2025

Net result1,3 M €+348,5 %over 1 year
Revenue20,1 M €-1,2 %over 1 year
Equity97,2 k €-79,9 %over 1 year
Workforce82,2 ETP-15,5 %over 1 year

Identity

Source · BCE/KBO

VAREL SECURITY is a Public limited company incorporated in 1977. Its main activity is: Electrical installation. Its registered office is in Hasselt. It employs on average 82,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0417.906.385
Incorporation
13/12/1977
Legal form
Public limited company
Registered office
Veldstraat 111
3511 Hasselt · FlandreSee on map
Contributed capital
71 360,56 €
Latest accounts
30/09/2025
Average workforce
82,2 ETP
Joint committees (4)
  • 149
  • 14901
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue20,1 M €20,4 M €21,9 M €––
EBITDA2,9 M €2,5 M €2,8 M €2,6 M €308,4 k €
Operating result1,9 M €1,5 M €1,8 M €2,2 M €193,7 k €
Net result1,3 M €296,4 k €869,5 k €1,6 M €163,9 k €
Balance sheet
Equity97,2 k €484,5 k €488,1 k €518,5 k €252,2 k €
Total assets13,1 M €15,9 M €15,6 M €15,6 M €1,8 M €
Cash615,6 k €645,6 k €1,4 M €1,4 M €764,9 k €
Debts11,7 M €14,1 M €14 M €14,6 M €1,4 M €
Other
Workforce82,2 ETP97,3 ETP107,2 ETP74,5 ETP43,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 7 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Varel Security Group0644.642.697Represented by Ben Fortan
Directorsince 31/05/2018Managing director31/05/2018 → 2018 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Ben Fortan
Director31/05/2018 → 2018 accounts
DEPREZ CONSULTING0471.069.018Represented by Victor Lekanne gezegd Deprez
Director18/05/2009 → 2011 accounts
François Lekanne
Director18/05/2009 → 2009 accounts

Other companies at this address

Veldstraat 111 3511 Hasselt
CompanyCBE no.
Varel Security Group● Active
0644.642.697
Varel Security Holding● Active
1039.366.480

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/04/202601/04/202529/04/202430/03/202330/03/202228/04/2021
General meeting16/03/202617/03/202518/03/202420/03/202321/03/202215/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202516/03/202630/04/2026DutchPDF
Full model30/09/202417/03/202501/04/2025DutchPDF
Full model30/09/202318/03/202429/04/2024DutchPDF
Abridged model30/09/202220/03/202330/03/2023DutchPDF
Abridged model30/09/202121/03/202230/03/2022DutchPDF
Abridged model30/09/202015/03/202128/04/2021DutchPDF
Abridged model30/09/201916/03/202031/03/2020DutchPDF
Abridged model30/09/201828/01/201922/03/2019DutchPDF
Abridged model31/12/201722/05/201828/06/2018DutchPDF
Abridged model31/12/201615/05/201724/07/2017DutchPDF
Abridged model31/12/201517/05/201629/08/2016DutchPDF
Abridged model31/12/201418/05/201521/08/2015DutchPDF
Abridged model31/12/201319/05/201428/08/2014DutchPDF
Abridged model31/12/201221/05/201331/10/2013DutchPDF
Abridged model31/12/201121/05/201231/08/2012DutchPDF
Abridged model31/12/201016/05/201118/07/2011DutchPDF
Abridged model31/12/200917/05/201030/08/2010DutchPDF
Abridged model31/12/200818/05/200924/08/2009DutchPDF
Abridged model31/12/200719/05/200826/08/2008DutchPDF
Abridged model31/12/200621/05/200727/08/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 7 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Varel Security Group0644.642.697Represented by Ben Fortan
Directorsince 31/05/2018Managing director31/05/2018 → 2018 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Ben Fortan
Director31/05/2018 → 2018 accounts
DEPREZ CONSULTING0471.069.018Represented by Victor Lekanne gezegd Deprez
Director18/05/2009 → 2011 accounts
François Lekanne
Director18/05/2009 → 2009 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other03/11/2026
    STATUTEN (VERTALING, COORDINATIE, OVERIGE
    PDF
  • Other03/11/2026
    STATUTEN (VERTALING, COORDINATIE, OVERIGE
    PDF
  • Other18/09/2026
    DIVERSEN
    PDF
  • Other18/09/2026
    DIVERSEN
    PDF
  • Mandates13/07/2026
    ONTSLAGEN, BENOEMINGEN, STATUTEN (VERTALING,
    PDF
  • Mandates13/07/2026
    ONTSLAGEN, BENOEMINGEN, STATUTEN (VERTALING,
    PDF
  • Restructuring03/03/2025
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring03/03/2025
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings19 filings
Mandates
Varel Security Group
Ben Fortan
DEPREZ CONSULTING
François Lekanne gezegd Deprez
François Lekanne
Hendrika Polak
Esther Lekanne
B Well@Home
19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
VAREL SECURITY
Veldstraat 111, 3511 KuringenVeldstraat 111, 3500 Hasselt
Director
DirectorChairman of the board of directors
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Veldstraat 111, 3511 KuringenCurrent
accounts 2025
Accounts 2025 · 2026-00095684
Veldstraat 111, 3500 Hasselt
accounts 2022 → 2024
Accounts 2024 · 2025-00063437

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
VAREL SECURITYCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00095684

Events

  1. 2025
    Annual accounts 20251,3 M €↑
  2. 2024
    Annual accounts 2024296,4 k €↓
  3. 2023
    Annual accounts 2023869,5 k €↓
  4. 2022
    Annual accounts 20221,6 M €↑
  5. 2021
    Annual accounts 2021163,9 k €↓
  6. 2020
    Annual accounts 2020311 k €↑
  7. 2018
    Annual accounts 201871 k €↓
  8. 2017
    Annual accounts 201779,5 k €↑
  9. 2016
    Annual accounts 20161,2 k €↑
  10. 2015
    Annual accounts 2015761,7 €↑
  11. 2014
    Annual accounts 2014152,3 €↓
  12. 2013
    Annual accounts 201340,6 k €↓
  13. 2012
    Annual accounts 2012136,4 k €↑
  14. 2011
    Annual accounts 201117,5 k €↓
  15. 2010
    Annual accounts 2010161,2 k €↑
  16. 2009
    Annual accounts 2009108,7 k €↑
  17. 2008
    Annual accounts 2008108,4 k €↑
  18. 2007
    Annual accounts 200760,7 k €↓
  19. 2006
    Annual accounts 200693,9 k €
  20. 13/12/1977
    IncorporationPublic limited company