ACTIVE

Varel Security Group

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Financial year 2025 · Closed on 30/09/2025

Net result347 k €-69,0 %over 1 year
Revenue2,9 M €+129,4 %over 1 year
Equity13,5 M €+8,4 %over 1 year
Workforce7,8 ETP

Identity

Source · BCE/KBO

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
Contributed capital
5 943 639,58 €
Latest accounts
30/09/2025
Average workforce
7,8 ETP
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 9 filings

Trend over 9 financial years

20252024202320222021
Income statement
Revenue2,9 M €1,3 M €960 k €––
EBITDA361,2 k €476,6 k €244 k €386,1 k €1,1 M €
Operating result362,9 k €462,8 k €244 k €384,9 k €1,1 M €
Net result347 k €1,1 M €1,6 M €1 M €642,2 k €
Balance sheet
Equity13,5 M €12,4 M €11,3 M €9,7 M €3,9 M €
Total assets23,7 M €23,1 M €17,6 M €17,4 M €13,6 M €
Cash462,8 k €218,2 k €700,3 k €1,3 M €311,9 k €
Debts10,2 M €10,6 M €6,3 M €7,8 M €9,7 M €
Other
Workforce7,8 ETP––––

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

6 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
ADT-Invest0701.853.002Represented by Anthony DETIENNE
Directorsince 20/12/2024
JINVEST0477.073.417Represented by Jürgen INGELS
Directorsince 11/04/2023
Be Smart Security Services0651.996.287Represented by Ben FORTAN
Directorsince 13/07/2022
IMMOMANDA0417.331.315Represented by Johan PEDE
Directorsince 13/07/2022
ING BELGIQUE0403.200.393Represented by Evelyne HEYVAERT
Directorsince 13/07/2022
PRO BENELUX0501.796.935Represented by Joachim BATTHEU
Directorsince 13/07/2022

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Ben Fortan
Director2019 accountsManager2018 accounts

Other companies at this address

Veldstraat 111 3511 Hasselt
CompanyCBE no.
VAREL SECURITY● Active
0417.906.385
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 date29/04/202631/03/202529/04/202430/03/202330/03/202231/03/2021
General meeting27/02/202628/02/202523/02/202424/02/202325/02/202226/02/2021
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, 9 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202527/02/202629/04/2026DutchPDF
Full model30/09/202428/02/202531/03/2025DutchPDF
Full model30/09/202323/02/202429/04/2024DutchPDF
Abridged model30/09/202224/02/202330/03/2023DutchPDF
Abridged model30/09/202125/02/202230/03/2022DutchPDF
Abridged model30/09/202026/02/202131/03/2021DutchPDF
Abridged model30/09/201928/02/202031/03/2020DutchPDF
Abridged model30/09/201826/02/201922/03/2019DutchPDF
Abridged model30/09/201723/02/201829/03/2018DutchPDF

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.

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

6 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
ADT-Invest0701.853.002Represented by Anthony DETIENNE
Directorsince 20/12/2024
JINVEST0477.073.417Represented by Jürgen INGELS
Directorsince 11/04/2023
Be Smart Security Services0651.996.287Represented by Ben FORTAN
Directorsince 13/07/2022
IMMOMANDA0417.331.315Represented by Johan PEDE
Directorsince 13/07/2022
ING BELGIQUE0403.200.393Represented by Evelyne HEYVAERT
Directorsince 13/07/2022
PRO BENELUX0501.796.935Represented by Joachim BATTHEU
Directorsince 13/07/2022

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Ben Fortan
Director2019 accountsManager2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Capital / shares31/08/2026
    Verklaring inzake de vereniging van alle aandelen in één hand
    PDF
  • Mandates13/07/2026
    KAPITAAL, AANDELEN, ONTSLAGEN, BENOEMINGEN,
    PDF
  • Mandates23/01/2025
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other29/10/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING
    PDF
  • Mandates06/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares04/08/2022
    KAPITAAL - AANDELEN
    PDF
  • Mandates20/07/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    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
Filings9 filings
Mandates
ADT-Invest
JINVEST
ING BELGIQUE
IMMOMANDA
PRO BENELUX
Be Smart Security Services
Ben Fortan
201520162017201820192020202120222023202420252026
Varel Security GroupFortinvest
Veldstraat 111, 3511 KuringenVeldstraat 111, 3500 Hasselt
Director
Director
Director
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 · 2026-00093141
Veldstraat 111, 3500 Hasselt
accounts 2022 → 2024
Accounts 2024 · 2025-00063434

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
Varel Security GroupCurrent
accounts 2024 → 2025
Accounts 2025 · 2026-00093141
Fortinvest
accounts 2022 → 2023
Accounts 2023 · 2024-00071566

Events

  1. 2025
    Annual accounts 2025347 k €↓
  2. 2024
    Annual accounts 20241,1 M €↓
  3. 2024
    Name changeVarel Security Group
  4. 2023
    Annual accounts 20231,6 M €↑
  5. 2022
    Annual accounts 20221 M €↑
  6. 2021
    Annual accounts 2021642,2 k €↓
  7. 2020
    Annual accounts 20201 M €↑
  8. 2019
    Annual accounts 2019707,5 k €↑
  9. 2018
    Annual accounts 2018207,8 k €↓
  10. 2017
    Annual accounts 2017766,2 k €
  11. 18/12/2015
    IncorporationPrivate limited company