NORMAL SITUATION

VDE Security

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Financial year 2024 · closed on 30/09/2024

Net result

131,9 k €

-25.2% YoY

Gross margin

661,7 k €

-27.1% YoY

Equity

493,5 k €

+36.5% YoY

Workforce

8,9 ETP

+1.1% YoY

Company — Normal situation.

What does VDE Security do?

VDE Security is a company registered in Belgium. It employs on average 8,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.918.838

Legal form

Private company with limited liability

Contributed capital

164 000,00 €

Latest accounts

30/09/2024

Average workforce

8,9 ETP

Joint committees (3)

14901
200
218

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	661,7 k €	-27.1%	907,5 k €	-9.2%	999,4 k €	+33.0%	751,6 k €	+20.1%	625,6 k €	-10.7%	700,8 k €	-2.2%	716,2 k €	+2.3%	700 k €	-5.5%	741,1 k €	+10.1%	673,2 k €	+0.7%	668,5 k €	-0.5%	672 k €	+17.5%	571,9 k €	-6.6%	612,1 k €	+31.1%	466,8 k €	+27.8%	365,4 k €	-15.1%	430,6 k €	+18.8%	362,6 k €	-13.2%	417,9 k €
EBITDA	203,6 k €	-35.3%	314,9 k €	-36.0%	491,7 k €	+102%	243,7 k €	+47.3%	165,5 k €	-7.0%	177,9 k €	-13.8%	206,4 k €	-20.5%	259,6 k €	-5.5%	274,7 k €	+39.8%	196,6 k €	+11.2%	176,8 k €	-4.1%	184,3 k €	+14.6%	160,8 k €	-25.7%	216,5 k €	+104%	106 k €	+124%	47,3 k €	-44.3%	84,9 k €	+36.0%	62,4 k €	-57.0%	145,1 k €
Operating result	190,4 k €	-16.2%	227,1 k €	-46.1%	421,3 k €	+151%	167,7 k €	+288%	43,2 k €	-33.6%	65,1 k €	-25.7%	87,6 k €	-39.0%	143,5 k €	-7.8%	155,6 k €	+103%	76,8 k €	+33.5%	57,5 k €	-17.2%	69,4 k €	+82.8%	38 k €	-62.3%	100,8 k €	+165%	38,1 k €	+286%	-20,4 k €	-207%	19,1 k €	+1664%	-1,2 k €	-101%	104 k €
Net result	131,9 k €	-25.2%	176,2 k €	-56.8%	407,7 k €	+285%	106 k €	+870%	10,9 k €	-57.8%	25,9 k €	-46.1%	48 k €	-18.7%	59 k €	-19.8%	73,6 k €	+285%	19,1 k €	+125%	-77,2 k €	-22736%	341 €	+102%	-18,6 k €	-182%	22,8 k €	+470%	4 k €	+107%	-56,6 k €	-461%	-10,1 k €	+37.1%	-16 k €	-128%	57,9 k €
Balance sheet
Equity	493,5 k €	+36.5%	361,6 k €	+34.7%	268,4 k €	+0.6%	266,7 k €	+22.8%	217,2 k €	-22.8%	281,2 k €	-10.4%	313,9 k €	+14.9%	273,2 k €	+27.6%	214,1 k €	+48.5%	144,2 k €	+12.0%	128,7 k €	-32.8%	191,4 k €	+0.2%	191 k €	-8.9%	209,7 k €	+12.2%	186,8 k €	+2.2%	182,8 k €	+108%	87,8 k €	-10.3%	97,9 k €	-14.1%	114 k €
Total assets	659,5 k €	-8.6%	721,2 k €	-25.3%	965,3 k €	+54.6%	624,5 k €	+4.0%	600,5 k €	+5.4%	569,6 k €	-24.8%	757,8 k €	+7.5%	705,1 k €	-13.3%	813,3 k €	-19.2%	1 M €	-7.0%	1,1 M €	-11.8%	1,2 M €	-10.5%	1,4 M €	-7.7%	1,5 M €	+55.3%	956,7 k €	+8.2%	884 k €	+21.3%	729 k €	+0.2%	727,4 k €	+99.9%	363,9 k €
Cash	242,6 k €	+38.8%	174,8 k €	-43.1%	307,4 k €	+73.8%	176,9 k €	+132%	76,3 k €	+12.2%	68 k €	+215%	21,6 k €	+776%	2,5 k €	+71.7%	1,4 k €	-47.3%	2,7 k €	-8.0%	3 k €	+5.9%	2,8 k €	+2.2%	2,7 k €	+194%	929 €	+3.1%	901 €	-2.9%	928 €	+2800%	32 €	-55.6%	72 €	+9.1%	66 €
Debts	166,1 k €	-53.8%	359,5 k €	-48.4%	696,8 k €	+94.7%	357,8 k €	-6.7%	383,4 k €	+32.9%	288,4 k €	-34.7%	441,7 k €	+4.3%	423,4 k €	-27.9%	586,9 k €	-25.8%	791,2 k €	-15.6%	937,8 k €	-9.3%	1 M €	-12.2%	1,2 M €	-7.5%	1,3 M €	+66.4%	765,2 k €	+9.6%	697,9 k €	+9.2%	638,9 k €	+1.8%	627,3 k €	+153%	247,9 k €
Other
Workforce	8,9 ETP	+1.1%	8,8 ETP	0.0%	8,8 ETP	-5.4%	9,3 ETP	-5.1%	9,8 ETP	0.0%	9,8 ETP	+1.0%	9,7 ETP	+11.5%	8,7 ETP	-10.3%	9,7 ETP	-10.2%	10,8 ETP	+6.9%	10,1 ETP	+2.0%	9,9 ETP	+25.3%	7,9 ETP	-6.0%	8,4 ETP	+5.0%	8,0 ETP	+2.6%	7,8 ETP	-8.2%	8,5 ETP	+11.8%	7,6 ETP	+217%	2,4 ETP

Governance

Board of directors

Seen on filing of 30/09/2024 · 1 active · 6 ended

Active mandates

Varel Security Group

Director · 0644.642.697

Represented by Ben Fortan

Active

Ended mandates

Varel Security Group

Director · since 31 mai 2024 · 0644.642.697

Represented by Ben FORTAN

Ended

Luna

Director · since 28 avril 2021 · until 31 mai 2024 · 0691.952.468

Represented by Luc VAN DEN EEDE

Ended

LUC VAN DEN EEDE

Director · since 31 janvier 2001

Ended

Luc VAN DEN EEDE

Director · since 03 janvier 2001 · until 28 décembre 2023

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/09/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	9 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/04/2025	30/09/2024	26/07/2023	29/08/2022	17/08/2021	17/11/2020
General meeting	17/03/2025	30/05/2024	03/06/2023	04/06/2022	05/06/2021	09/11/2020
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

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Filings

Annual accounts filings

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2024	17/03/2025	01/04/2025	Dutch	PDF
Abridged model	31/12/2023	30/05/2024	30/09/2024	Dutch	PDF
Abridged model	31/12/2022	03/06/2023	26/07/2023	Dutch	PDF
Abridged model	31/12/2021	04/06/2022	29/08/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	17/08/2021	Dutch	PDF
Abridged model	31/12/2019	09/11/2020	17/11/2020	Dutch	PDF
Abridged model	31/12/2018	08/06/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	03/06/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	27/07/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	12/06/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	03/07/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	05/06/2013	Dutch	PDF
Abridged model	31/12/2011	14/06/2012	15/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	31/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	25/07/2008	Dutch	PDF
Abridged model	31/12/2006	22/06/2007	10/07/2007	Dutch	PDF
Abridged model	31/12/2005	03/06/2006	15/06/2006	Dutch	PDF
Abridged model	31/12/2004	30/06/2005	05/07/2005	Dutch	PDF
Abridged model	31/12/2003	05/06/2004	11/06/2004	Dutch	PDF
Abridged model	31/12/2002	07/06/2003	04/07/2003	Dutch	PDF

Estimate

Indicative valuation

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 30/09/2024 · 1 active · 6 ended

Active mandates

Varel Security Group

Director · 0644.642.697

Represented by Ben Fortan

Active

Ended mandates

Varel Security Group

Director · since 31 mai 2024 · 0644.642.697

Represented by Ben FORTAN

Ended

Luna

Director · since 28 avril 2021 · until 31 mai 2024 · 0691.952.468

Represented by Luc VAN DEN EEDE

Ended

LUC VAN DEN EEDE

Director · since 31 janvier 2001

Ended

Luc VAN DEN EEDE

Director · since 03 janvier 2001 · until 28 décembre 2023

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2024
Annual accounts 2024131,9 k €↓
2023
Annual accounts 2023176,2 k €↓
2022
Annual accounts 2022407,7 k €↑
2021
Annual accounts 2021106 k €↑
2020
Annual accounts 202010,9 k €↓
2019
Annual accounts 201925,9 k €↓
2018
Annual accounts 201848 k €↓
2017
Annual accounts 201759 k €↓
2016
Annual accounts 201673,6 k €↑
2015
Annual accounts 201519,1 k €↑
2014
Annual accounts 2014-77,2 k €↓
2013
Annual accounts 2013341 €↑
2012
Annual accounts 2012-18,6 k €↓
2011
Annual accounts 201122,8 k €↑
2010
Annual accounts 20104 k €↑
2009
Annual accounts 2009-56,6 k €↓
2008
Annual accounts 2008-10,1 k €↑
2007
Annual accounts 2007-16 k €↓
2006
Annual accounts 200657,9 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

VDE Security

Overview

What does VDE Security do?

Trend over 19 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline