Equity
€13.5m ▲ 8.4%
Varel Security Group has made a profit in every financial year since 2017.
Varel Security Group
Lifetime
9 annual accounts with figures on one time axispeak €1.2m (2020)
-not published
peak €1.6m (2023)
€347,044▼ 69.0%
peak €13.5m (2025)
€13.5m▲ 8.4%
€10.2m▼ 4.0%
peak 7.8 FTE (2025)
7.8 FTE
Board12 names since 2020
7 directorsBe Smart Security Services and 6 others
Owners
Documentsfilings and deeds
29-04-20261 day before the deadline
2025financial year
Turnover from €1.3m to €2.9mResult from €1.1m to €347,044Appointment: ADT-INVEST (class A director) 23-01Investments €97,594Cash from €218,228 to €462,788
Key points
from the 2025 annual accountsTurnover
€2.9m ▲ 129%
Turnover rose in 2025 from €1.3m to €2.9m.
Investments
€97,594 8.1 × depreciation
Green is investment, beige is depreciation.
Payment terms
271 days to suppliers
Varel Security Group pays its suppliers 248 days later than in 2024. Customers pay 18 days later.
Liquidity
0.67 was 1.44 in 2024
Short-term debts rose from €2.4m to €6.0m.
Board
2 joined · 4 left
Board changed. Latest change 13-07-2026 · 5 in office.
Financial institution: outside the modelBankruptcy probability: sector outside the model
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal, which does not raise the risk
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 day early
2024
30 days early
2023
1 day early
2022
31 days early
2021
31 days early
2020
30 days early
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 31 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Board and ownership
IB
ING BELGIQUE NV
Director, since 13-07-2022
- ADT-Invest 0.06%equity €979,010 (2025) · 2024 annual accounts of ADT-Invest
Shares in 2 companies, VAREL SECURITY and Varel Security Sud
Board & ownershipRecent changes
A shareholder holds all the shares
Gazette deed
2 directors appointed, 1 statutory auditor appointed, 6 resignations, 1 resignation
Resignations: JINVEST, ING BELGIE, IMMOMANDA, PRO BENELUX, B.S.S.S., ADT-Invest and 1 other · Appointments: Varel Security Holding, ADT-Invest and BDO Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Ben FORTAN, Anthony Fabienne Philippe DETIENNE, Cliff Lodewijckx and Bart Cauberghe · General meeting of 30-06-2026 · Gazette deed
Appointment: ADT-INVEST (class A director)
36,388 new shares · 3,915 new shares · Permanent representative: DETIENNE Anthony · Gazette deed
Company renamed from FORTINVEST to Varel Security Group
General meeting of 14-10-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Varel Security Group Hasselt | €2.9m | 12.6% | 56.9% | 7.8 |
| Codit holding Ghent | €3.2m | 8.6% | 33.5% | 8.7 |
| GIKINVEST Huy | €2.4m | 68.9% | 68.4% | 5.7 |
| i3-Group Holding Diest | €2.0m | 7.0% | 68.1% | 8.1 |
| Orfecorp Dilsen-Stokkem | €3.7m | 76.0% | 17.3% | 6.7 |
| ITZU Hasselt | €2.8m | -1.2% | 61.9% | 8.9 |
| FOOD INVESTMENT COMPANY Lommel | €1.9m | -3.7% | 66.8% | 12.5 |
Grey: the largest companies of the sector (financial services (NACE 64)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Varel Security Group: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €12m and €34m, founded between 2012 and 2018.
Official details
Source: KBO- Status
- Active since 18-12-2015Normal situation
- Activity
- Activities of holding companiesNACE 64210and 6 others
- Establishment unit
- 2.248.570.5593511 Hasselt, since 18-12-2015
- Financial year end
- 30 September
- Peppol
- Reachable
Annual accounts to 30-09-2025
- €23.7m▲ 2.6%
- Employeeson 30-09-2025
- 8
- Filing
- Filed on 29-04-2026, 1 day before the end of the filing period
Insights on Varel Security Group
Varel Security Group has existed since 2015. The gross margin fell from €1.2m in 2020 to €404,592 in 2022.
In July 2026, four directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Varel Security Group
- What is the company number of Varel Security Group?
- The company number of Varel Security Group is 0644.642.697. The VAT number is the same number with BE in front: BE 0644.642.697.
- Where is Varel Security Group based?
- The registered office is at Veldstraat 111, 3511 Hasselt.Company details
- What does Varel Security Group do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of Varel Security Group?
- Varel Security Group is a private limited company (BV).
- When was Varel Security Group founded?
- Varel Security Group was founded on 18-12-2015.
- Is Varel Security Group still active?
- Yes, Varel Security Group is an active enterprise in the KBO register.
- How many employees does Varel Security Group have?
- Varel Security Group had an average of 7.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Varel Security Group?
- The turnover of Varel Security Group was €2.9m in financial year 2025, according to the filed annual accounts.
- Is Varel Security Group profitable?
- In financial year 2025, Varel Security Group made a profit of €347,044.
- Where can I find the annual accounts of Varel Security Group?
- Varel Security Group filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Varel Security Group due?
- Varel Security Group must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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