Varel Security Group
0644.642.697 · rovalta.com · 22/09/2026
ACTIVE
Varel Security Group
Financial year 2025 · closed on 30/09/2025
Net result
347 k €
-69.0% YoY
Revenue
2,9 M €
+129.4% YoY
Equity
13,5 M €
+8.4% YoY
Workforce
7,8 ETP
Overview
What does Varel Security Group do?
Varel Security Group is a Private limited company incorporated in 2015. Its main activity is: Activities of holding companies. Its registered office is in Hasselt. It employs on average 7,8 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0644.642.697
Incorporation
18/12/2015
Legal form
Private limited company
Registered office
Veldstraat 111
3511 Hasselt · FlandreSee on map
3511 Hasselt · FlandreSee on map
Contributed capital
5 943 639,58 €
Latest accounts
30/09/2025
Average workforce
7,8 ETP
Activities (NACE)
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 9 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||
| Revenue | 2,9 M € | +129% | 1,3 M € | +31.3% | 960 k € | – | – | – | – | – | – | ||||||
| EBITDA | 361,2 k € | -24.2% | 476,6 k € | +95.3% | 244 k € | -36.8% | 386,1 k € | -64.5% | 1,1 M € | -12.0% | 1,2 M € | +35.3% | 913,3 k € | +111% | 432,5 k € | -49.4% | 855,1 k € |
| Operating result | 362,9 k € | -21.6% | 462,8 k € | +89.7% | 244 k € | -36.6% | 384,9 k € | -64.6% | 1,1 M € | -12.0% | 1,2 M € | +35.3% | 912 k € | +116% | 422,9 k € | -49.6% | 839,8 k € |
| Net result | 347 k € | -69.0% | 1,1 M € | -31.3% | 1,6 M € | +56.4% | 1 M € | +62.4% | 642,2 k € | -38.3% | 1 M € | +47.1% | 707,5 k € | +240% | 207,8 k € | -72.9% | 766,2 k € |
| Balance sheet | |||||||||||||||||
| Equity | 13,5 M € | +8.4% | 12,4 M € | +9.9% | 11,3 M € | +16.9% | 9,7 M € | +147% | 3,9 M € | +19.6% | 3,3 M € | +46.6% | 2,2 M € | +46.4% | 1,5 M € | +66.3% | 916,2 k € |
| Total assets | 23,7 M € | +2.6% | 23,1 M € | +31.1% | 17,6 M € | +1.0% | 17,4 M € | +28.1% | 13,6 M € | +103% | 6,7 M € | +5.9% | 6,3 M € | +3.0% | 6,1 M € | +27.0% | 4,8 M € |
| Cash | 462,8 k € | +112% | 218,2 k € | -68.8% | 700,3 k € | -47.2% | 1,3 M € | +325% | 311,9 k € | -28.2% | 434,2 k € | +57.0% | 276,6 k € | +95.1% | 141,8 k € | -52.5% | 298,6 k € |
| Debts | 10,2 M € | -4.0% | 10,6 M € | +68.7% | 6,3 M € | -18.8% | 7,8 M € | -19.8% | 9,7 M € | +182% | 3,4 M € | -16.3% | 4,1 M € | -11.3% | 4,6 M € | +21.8% | 3,8 M € |
| Other | |||||||||||||||||
| Workforce | 7,8 ETP | – | – | – | – | – | – | – | – | ||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 6 active · 15 ended
Active mandates
Active
Active
Active
Active
Active
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
VAREL SECURITY● Active | 0417.906.385 |
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 | 29/04/2026 | 31/03/2025 | 29/04/2024 | 30/03/2023 | 30/03/2022 | 31/03/2021 |
| General meeting | 27/02/2026 | 28/02/2025 | 23/02/2024 | 24/02/2023 | 25/02/2022 | 26/02/2021 |
| 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
9 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 30/09/2025 | 27/02/2026 | 29/04/2026 | Dutch | |
| Full model | 30/09/2024 | 28/02/2025 | 31/03/2025 | Dutch | |
| Full model | 30/09/2023 | 23/02/2024 | 29/04/2024 | Dutch | |
| Abridged model | 30/09/2022 | 24/02/2023 | 30/03/2023 | Dutch | |
| Abridged model | 30/09/2021 | 25/02/2022 | 30/03/2022 | Dutch | |
| Abridged model | 30/09/2020 | 26/02/2021 | 31/03/2021 | Dutch | |
| Abridged model | 30/09/2019 | 28/02/2020 | 31/03/2020 | Dutch | |
| Abridged model | 30/09/2018 | 26/02/2019 | 22/03/2019 | Dutch | |
| Abridged model | 30/09/2017 | 23/02/2018 | 29/03/2018 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 k€
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 · 6 active · 15 ended
Active mandates
Active
Active
Active
Active
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
- Capital / shares31/08/2026Verklaring inzake de vereniging van alle aandelen in één hand
- Mandates23/01/2025KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
- Other29/10/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
- Mandates06/11/2023ONTSLAGEN - BENOEMINGEN
- Mandates16/10/2023ONTSLAGEN - BENOEMINGEN
- Capital / shares04/08/2022KAPITAAL - AANDELEN
- Mandates20/07/2022STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
- Capital / shares02/06/2022STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN
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 2025347 k €↓
- 2024Annual accounts 20241,1 M €↓
- 2024Name changeVarel Security Group
- 2023Annual accounts 20231,6 M €↑
- 2022Annual accounts 20221 M €↑
- 2022Name changeFortinvest
- 2021Annual accounts 2021642,2 k €↓
- 2020Annual accounts 20201 M €↑
- 2019Annual accounts 2019707,5 k €↑
- 2018Annual accounts 2018207,8 k €↓
- 2017Annual accounts 2017766,2 k €
- 18/12/2015IncorporationPrivate limited company