ACTIVE

BEGELEC SECURITY SYSTEMS

Financial year 2025 · closed on 31/12/2025
Net result
201,1 k €
-11.2% YoY
Gross margin
704,7 k €
+13.2% YoY
Equity
289,9 k €
+0.4% YoY
Workforce
5,0 ETP
+19.0% YoY

What does BEGELEC SECURITY SYSTEMS do?

BEGELEC SECURITY SYSTEMS is a Private limited company incorporated in 1990. Its main activity is: Electrical installation. Its registered office is in Dilbeek. It employs on average 5,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0442.113.330
Incorporation
21/12/1990
Legal form
Private limited company
Registered office
Wijmenier 4 box a
1700 Dilbeek · FlandreSee on map
Contributed capital
32 300,00 €
Latest accounts
31/12/2025
Average workforce
5,0 ETP
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin704,7 k €622,4 k €682,9 k €718,4 k €670,3 k €566,2 k €651,3 k €682,8 k €922 k €872 k €770,4 k €778,7 k €813,8 k €644,3 k €721,4 k €741,2 k €544,7 k €453,7 k €530,3 k €490,6 k €
EBITDA313 k €343,6 k €398,1 k €399,1 k €340,9 k €279,5 k €361,9 k €338,6 k €631,7 k €578,9 k €360,1 k €442,9 k €467,7 k €396,9 k €439,3 k €483,4 k €306,7 k €232,3 k €323,9 k €243,8 k €
Operating result277,4 k €314,7 k €359,6 k €354,6 k €287,9 k €229,7 k €296,8 k €269,6 k €566,9 k €523,8 k €284,4 k €333,9 k €297,2 k €230 k €267,3 k €342,2 k €176,4 k €118,2 k €232 k €165,7 k €
Net result201,1 k €226,4 k €258,7 k €257 k €197,7 k €209 k €284,4 k €195,4 k €382,2 k €350,6 k €183,7 k €235 k €204 k €158,9 k €201,9 k €236,9 k €123,1 k €74,5 k €186,4 k €112,9 k €
Balance sheet
Equity289,9 k €288,8 k €262,4 k €203,7 k €146,7 k €148,9 k €139,9 k €1,3 M €1,3 M €1,3 M €1,3 M €1,2 M €1,1 M €1 M €1,3 M €1,2 M €987,2 k €899,1 k €850,6 k €708,2 k €
Total assets1,3 M €1,3 M €1,2 M €1,3 M €1,3 M €1,3 M €1,4 M €1,7 M €1,7 M €1,5 M €1,5 M €1,7 M €1,5 M €1,7 M €1,8 M €1,6 M €1,3 M €1,2 M €1,2 M €1,1 M €
Cash126,3 k €164,2 k €137,9 k €114,7 k €60,9 k €186,7 k €243 k €226,6 k €351,5 k €243,6 k €322,6 k €422,2 k €285,6 k €184,6 k €252 k €300 k €100,8 k €184,9 k €249,8 k €81,2 k €
Debts1 M €1 M €965,9 k €1,1 M €1,1 M €1,2 M €1,3 M €383,6 k €335,8 k €247,9 k €281,5 k €484,4 k €347,5 k €640,2 k €539,6 k €394,1 k €326,6 k €317 k €361,5 k €388,3 k €
Other
Workforce5,0 ETP4,2 ETP4,4 ETP5,5 ETP6,0 ETP5,0 ETP4,9 ETP5,3 ETP5,0 ETP5,2 ETP7,0 ETP6,3 ETP6,8 ETP4,7 ETP5,0 ETP5,0 ETP4,2 ETP4,8 ETP4,7 ETP5,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

LNN Pro

Director · since 26 octobre 2022 · 0715.494.863

Represented by Sven Van der Meeren

Active
Plan B Projects

Director · since 26 octobre 2022 · 0715.494.764

Represented by Bart Pycke

Active

Ended mandates

LNN Pro

Director · since 08 janvier 2019 · 0715.494.863

Represented by Sven Van der Meeren

Ended
Plan B Projects

Director · since 08 janvier 2019 · 0715.494.764

Represented by Bart Pycke

Ended
Hugo Begard

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date11/06/202623/05/202509/07/202431/08/202329/07/202204/06/2021
General meeting19/05/202607/05/202528/06/202428/08/202330/06/202226/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/05/202611/06/2026DutchPDF
Abridged model31/12/202407/05/202523/05/2025DutchPDF
Abridged model31/12/202328/06/202409/07/2024DutchPDF
Abridged model31/12/202228/08/202331/08/2023DutchPDF
Abridged model31/12/202130/06/202229/07/2022DutchPDF
Abridged model31/12/202026/05/202104/06/2021DutchPDF
Abridged model31/12/201926/05/202031/07/2020DutchPDF
Abridged model31/12/201808/02/201929/04/2019DutchPDF
Abridged model31/12/201717/03/201829/03/2018DutchPDF
Abridged model31/12/201618/03/201724/04/2017DutchPDF
Abridged model31/12/201519/03/201611/04/2016DutchPDF
Abridged model31/12/201426/05/201501/06/2015DutchPDF
Abridged model31/12/201327/05/201402/06/2014DutchPDF
Abridged model31/12/201228/05/201305/06/2013DutchPDF
Abridged model31/12/201129/05/201204/06/2012DutchPDF
Abridged model31/12/201031/05/201109/06/2011DutchPDF
Abridged model31/12/200927/02/201030/04/2010DutchPDF
Abridged model31/12/200826/05/200915/06/2009DutchPDF
Abridged model31/12/200721/03/200811/04/2008DutchPDF
Abridged model31/12/200629/05/200708/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

LNN Pro

Director · since 26 octobre 2022 · 0715.494.863

Represented by Sven Van der Meeren

Active
Plan B Projects

Director · since 26 octobre 2022 · 0715.494.764

Represented by Bart Pycke

Active

Ended mandates

LNN Pro

Director · since 08 janvier 2019 · 0715.494.863

Represented by Sven Van der Meeren

Ended
Plan B Projects

Director · since 08 janvier 2019 · 0715.494.764

Represented by Bart Pycke

Ended
Hugo Begard

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/10/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/02/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/02/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office31/12/2013
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares03/03/2004
    DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025201,1 k €
  2. 2024
    Annual accounts 2024226,4 k €
  3. 2023
    Annual accounts 2023258,7 k €
  4. 2022
    Annual accounts 2022257 k €
  5. 2021
    Annual accounts 2021197,7 k €
  6. 2020
    Annual accounts 2020209 k €
  7. 2019
    Annual accounts 2019284,4 k €
  8. 2018
    Annual accounts 2018195,4 k €
  9. 2017
    Annual accounts 2017382,2 k €
  10. 2016
    Annual accounts 2016350,6 k €
  11. 2015
    Annual accounts 2015183,7 k €
  12. 2014
    Annual accounts 2014235 k €
  13. 2013
    Annual accounts 2013204 k €
  14. 2012
    Annual accounts 2012158,9 k €
  15. 2011
    Annual accounts 2011201,9 k €
  16. 2010
    Annual accounts 2010236,9 k €
  17. 2009
    Annual accounts 2009123,1 k €
  18. 2008
    Annual accounts 200874,5 k €
  19. 2007
    Annual accounts 2007186,4 k €
  20. 2006
    Annual accounts 2006112,9 k €
  21. 21/12/1990
    IncorporationPrivate limited company