Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Varel Security Group from Hasselt, company number BE0644642697, closed financial year 2025 with a result of € 347,044 after tax. For that financial year Varel Security Group recorded revenue of € 2.9 million and equity of € 13.5 million. Compared with financial year 2024, the result moved from € 1.1 million to € 347,044. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 29, 2026.
€ 13.5 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 347,044
▼ 69% vs 2024
Profit after tax over the fiscal year.
€ 462,788
▲ 112% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 7.5 million.
People and assets in 2025
7.8
Average over the fiscal year, from the social balance sheet.
€ 866,635
€ 111,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,253
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8.7 million
▼ 11% vs 2024
€ 4.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.2 million
▲ € 1.2 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 271 days on average.
€ 131,698
▲ 124% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 960,000 | € 1,260,000 | € 2,890,000 | ▲ 129% |
| Gross margin | € 404,592 | - | - | - | |
| Profit after taxes | € 1,042,896 | € 1,631,540 | € 1,120,823 | € 347,044 | ▼ 69% |
| Equity | € 9,655,550 | € 11,287,091 | € 12,407,913 | € 13,450,035 | ▲ 8% |
| Total debts | € 7,760,537 | € 6,302,834 | € 10,631,230 | € 10,201,964 | ▼ 4% |
| Cash | € 1,325,297 | € 700,310 | € 218,228 | € 462,788 | ▲ 112% |
| Retained profit | € 4,406,988 | € 6,038,528 | € 7,159,351 | € 7,506,395 | ▲ 5% |
| Bank debt | € 7,744,083 | € 6,224,678 | € 9,837,893 | € 8,711,784 | ▼ 11% |
| Balance sheet total | € 17,416,088 | € 17,589,925 | € 23,052,897 | € 23,651,999 | ▲ 3% |
| Employees (FTE) | - | - | - | 7.8 |
Key figures of Varel Security Group, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Varel Security Group?
What happened at Varel Security Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 347,044 (▼ 69% vs 2024). Source: NBB ↗
- ADT-Invest BV became a director. NBB
- JINVEST BV became a director. NBB
- Be Smart Security Services BV became a director. NBB
- ING BELGIQUE NV became a director. NBB
- Pro Benelux CommV became a director. NBB
- IMMOMANDA NV became a director. NBB
- New establishment in Hasselt. KBO
In short
From € 1 million profit in 2022 to € 347,044 profit in 2025.
Paid € 155,405 in corporate taxes since 2022.
Best year ever: 2023, with € 1.6 million profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ADT-Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Varel Security GroupBehind Varel Security Group are Be Smart Security Services BV, ING BELGIQUE NV, JINVEST BV, ADT-Invest BV, Pro Benelux CommV and IMMOMANDA NV. The shares are held by ADT-Invest (0.1%). It owns 100% of DBS - Buyse and 100% of Varel Security itself.
Directors
According to the 2025 annual accounts
Director · represented by Ben Fortan
since 2022
Director · represented by Evelyne Heyvaert
Also active at: United Brands Association, FPIM International - SFPI Internationaal - SFPIM International, Uitwisselingscentrum en verrekening, BEDRIJVENCENTRUM REGIO AALST, BEDRIJVENCENTRUM - VLAAMSE ARDENNEN, BEDRIJVENCENTRUM DE PUNT, ENTWICKLUNGS- UND BETEILIGUNGSGESELLSCHAFT OSTBELGIENS, FINANCIERE DU SUD - EST +26 more
since 2022
Director · represented by Jürgen Ingels
Also active at: Certimed, MENSURA Service Externe de Prévention et de Protection au travail, GHELAMCO INVEST, VYNCKE, WILLEMEN GROEP, ITINERIS, BRIKZ, Firefly Ventures +5 more
since 2023
Director · represented by Anthony Detienne
since 2024
Director · represented by Joachim Battheu
since 2022
Director · represented by Johan Pede
Also active at: 3P, TASCO, TCOG Holding, STAR INVEST TRADE, Ark Angels Activator Fund Beheer, Ark Angels Activator Fund
since 2022
Shareholders
0.1%
Participations
100%
100%
Establishments
Establishment units
Physical locations of this company
Veldstraat 111
3511 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0644.642.697
- VAT number
- BE 0644.642.697
- Registered office
- Veldstraat 111, 3511 Hasselt
- Names & denominations
- Varel Security Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2015
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- varelsecurity.be
- Activities · NACE
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