VAREL SECURITY
0417.906.385 · rovalta.com · 23/09/2026
ACTIVE
VAREL SECURITY
Financial year 2025 · closed on 30/09/2025
Net result
1,3 M €
+348.5% YoY
Revenue
20,1 M €
-1.2% YoY
Equity
97,2 k €
-79.9% YoY
Workforce
82,2 ETP
-15.5% YoY
Overview
What does VAREL SECURITY do?
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
3511 Hasselt · FlandreSee on map
Contributed capital
71 360,56 €
Latest accounts
30/09/2025
Average workforce
82,2 ETP
Activities (NACE)
Joint committees (4)
- 149
- 14901
- 200
- 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 20,1 M € | -1.2% | 20,4 M € | -7.1% | 21,9 M € | – | – | – | – | – | – | – | – | – | – | 2,8 M € | +7.7% | 2,6 M € | +11.2% | 2,4 M € | – | 2,1 M € | +9.7% | 2 M € | |||||||||||||
| EBITDA | 2,9 M € | +16.9% | 2,5 M € | -11.5% | 2,8 M € | +8.1% | 2,6 M € | +745% | 308,4 k € | -29.5% | 437,7 k € | +220% | 136,9 k € | -37.7% | 219,8 k € | +127% | 96,8 k € | -9.1% | 106,4 k € | -13.5% | 123 k € | -34.2% | 187,1 k € | -34.3% | 284,8 k € | +148% | 114,7 k € | -63.1% | 311 k € | +23.3% | 252,3 k € | +23.0% | 205,2 k € | -9.3% | 226,3 k € | +29.9% | 174,3 k € |
| Operating result | 1,9 M € | +24.3% | 1,5 M € | -13.6% | 1,8 M € | -19.8% | 2,2 M € | +1045% | 193,7 k € | -42.1% | 334,4 k € | +371% | 71 k € | -41.1% | 120,7 k € | +2765% | 4,2 k € | -81.6% | 22,9 k € | +143% | 9,4 k € | -84.7% | 61,5 k € | -67.8% | 191,1 k € | +419% | 36,8 k € | -84.7% | 241 k € | +35.0% | 178,5 k € | +32.3% | 135 k € | -23.6% | 176,7 k € | +49.5% | 118,2 k € |
| Net result | 1,3 M € | +349% | 296,4 k € | -65.9% | 869,5 k € | -44.3% | 1,6 M € | +852% | 163,9 k € | -47.3% | 311 k € | +338% | 71 k € | -10.7% | 79,5 k € | +6687% | 1,2 k € | +53.8% | 761,7 € | +400% | 152,3 € | -99.6% | 40,6 k € | -70.2% | 136,4 k € | +681% | 17,5 k € | -89.2% | 161,2 k € | +48.2% | 108,7 k € | +0.4% | 108,4 k € | +78.4% | 60,7 k € | -35.3% | 93,9 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 97,2 k € | -79.9% | 484,5 k € | -0.7% | 488,1 k € | -5.9% | 518,5 k € | +106% | 252,2 k € | -19.5% | 313,2 k € | -13.6% | 362,4 k € | +1.7% | 356,3 k € | +28.7% | 276,8 k € | +0.4% | 275,6 k € | +0.3% | 274,9 k € | +0.1% | 274,7 k € | +17.4% | 234,1 k € | +5.3% | 222,4 k € | +8.5% | 204,9 k € | +5.8% | 193,7 k € | +4.7% | 185 k € | +3.1% | 179,4 k € | -26.4% | 243,7 k € |
| Total assets | 13,1 M € | -17.3% | 15,9 M € | +1.9% | 15,6 M € | -0.2% | 15,6 M € | +758% | 1,8 M € | +11.1% | 1,6 M € | +37.4% | 1,2 M € | +7.5% | 1,1 M € | +9.3% | 1 M € | +3.1% | 984,3 k € | -26.3% | 1,3 M € | +11.9% | 1,2 M € | +7.1% | 1,1 M € | +40.6% | 792,8 k € | -12.2% | 903,3 k € | +12.4% | 803,8 k € | +2.1% | 787,3 k € | -18.7% | 968,8 k € | +59.9% | 606 k € |
| Cash | 615,6 k € | -4.6% | 645,6 k € | -53.6% | 1,4 M € | +1.0% | 1,4 M € | +80.2% | 764,9 k € | -12.6% | 875,3 k € | +154% | 344,9 k € | +153% | 136,2 k € | -31.2% | 198,1 k € | +118% | 90,8 k € | -67.8% | 281,9 k € | -24.7% | 374,1 k € | +32.0% | 283,5 k € | +9.9% | 257,9 k € | +24.6% | 207 k € | -2.6% | 212,7 k € | +19.1% | 178,5 k € | +136% | 75,6 k € | +50.5% | 50,2 k € |
| Debts | 11,7 M € | -17.4% | 14,1 M € | +1.2% | 14 M € | -4.4% | 14,6 M € | +931% | 1,4 M € | +23.5% | 1,1 M € | +121% | 518,5 k € | -12.5% | 592,5 k € | -0.5% | 595,5 k € | +2.8% | 579,5 k € | -24.6% | 769 k € | -4.0% | 800,7 k € | +2.8% | 778,9 k € | +64.7% | 473 k € | -22.2% | 607,7 k € | +20.9% | 502,6 k € | +3.4% | 485,9 k € | -13.0% | 558,7 k € | +89.6% | 294,6 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 82,2 ETP | -15.5% | 97,3 ETP | -9.2% | 107,2 ETP | +43.9% | 74,5 ETP | +73.3% | 43,0 ETP | +23.9% | 34,7 ETP | +31.4% | 26,4 ETP | -1.9% | 26,9 ETP | -10.0% | 29,9 ETP | +2.7% | 29,1 ETP | +0.3% | 29,0 ETP | +7.8% | 26,9 ETP | +7.2% | 25,1 ETP | +8.2% | 23,2 ETP | +19.6% | 19,4 ETP | +9.0% | 17,8 ETP | +2.3% | 17,4 ETP | 0.0% | 17,4 ETP | +4.8% | 16,6 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 1 active · 21 ended
Active mandates
Active
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
Varel Security Group● Active | 0644.642.697 |
Varel Security Holding● Active | 1039.366.480 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 30/09/2025 | 30/09/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 30/04/2026 | 01/04/2025 | 29/04/2024 | 30/03/2023 | 30/03/2022 | 28/04/2021 |
| General meeting | 16/03/2026 | 17/03/2025 | 18/03/2024 | 20/03/2023 | 21/03/2022 | 15/03/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 30/09/2025 | 16/03/2026 | 30/04/2026 | Dutch | |
| Full model | 30/09/2024 | 17/03/2025 | 01/04/2025 | Dutch | |
| Full model | 30/09/2023 | 18/03/2024 | 29/04/2024 | Dutch | |
| Abridged model | 30/09/2022 | 20/03/2023 | 30/03/2023 | Dutch | |
| Abridged model | 30/09/2021 | 21/03/2022 | 30/03/2022 | Dutch | |
| Abridged model | 30/09/2020 | 15/03/2021 | 28/04/2021 | Dutch | |
| Abridged model | 30/09/2019 | 16/03/2020 | 31/03/2020 | Dutch | |
| Abridged model | 30/09/2018 | 28/01/2019 | 22/03/2019 | Dutch | |
| Abridged model | 31/12/2017 | 22/05/2018 | 28/06/2018 | Dutch | |
| Abridged model | 31/12/2016 | 15/05/2017 | 24/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 17/05/2016 | 29/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 18/05/2015 | 21/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 19/05/2014 | 28/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 21/05/2013 | 31/10/2013 | Dutch | |
| Abridged model | 31/12/2011 | 21/05/2012 | 31/08/2012 | Dutch | |
| Abridged model | 31/12/2010 | 16/05/2011 | 18/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 17/05/2010 | 30/08/2010 | Dutch | |
| Abridged model | 31/12/2008 | 18/05/2009 | 24/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 19/05/2008 | 26/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 21/05/2007 | 27/08/2007 | Dutch |
Valuation
Estimate
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 1 active · 21 ended
Active mandates
Active
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other18/09/2026DIVERSEN
- Other18/09/2026DIVERSEN
- Mandates13/07/2026STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
- Mandates13/07/2026STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
- Restructuring03/03/2025KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring03/03/2025CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Other28/01/2025DIVERSEN
- Restructuring17/12/2024RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20251,3 M €↑
- 2024Annual accounts 2024296,4 k €↓
- 2023Annual accounts 2023869,5 k €↓
- 2022Annual accounts 20221,6 M €↑
- 2021Annual accounts 2021163,9 k €↓
- 2020Annual accounts 2020311 k €↑
- 2018Annual accounts 201871 k €↓
- 2017Annual accounts 201779,5 k €↑
- 2016Annual accounts 20161,2 k €↑
- 2015Annual accounts 2015761,7 €↑
- 2014Annual accounts 2014152,3 €↓
- 2013Annual accounts 201340,6 k €↓
- 2012Annual accounts 2012136,4 k €↑
- 2011Annual accounts 201117,5 k €↓
- 2010Annual accounts 2010161,2 k €↑
- 2009Annual accounts 2009108,7 k €↑
- 2008Annual accounts 2008108,4 k €↑
- 2007Annual accounts 200760,7 k €↓
- 2006Annual accounts 200693,9 k €
- 13/12/1977IncorporationPublic limited company