HELP SECURITY
InactiveOverview
Overview
Official details
Source: KBO- Status
- Absorbed by VAREL SECURITY merger by absorption, August 2022
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
Board
- Varel Security GroupManaging director · permanent representative Ben Fortan
- FORTINVEST SRLManaging director
- Joachim BattheuDirector
Shareholders
- D.G. CONCEPT50%2024 annual accounts of D.G. CONCEPT
Financial position
No score
Annual accounts 2021
- Gross margin
- €883,631
- ▲ 7.2%
- Turnover
- ≈ €2.1m
- estimated
- Profit
- €398,695
- ▲ 20.1%
- Equity
- €316,084
- ▼ 9.3%
- Total assets
- €607,103
- ▼ 24.6%
- Staff
- 6.8 FTE
- ▼ 19.0%
Financials
Financials · financial year 2021, full format
Annual accounts 2021 filed on 21-03-2022 PDF all 17 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €2.1m
Estimated: probably between €1.3m and €3.5m
EBIT margin
Not included in this filing
Net result
€398,695▲ 20.1%
2020 · €331,946
Working capital
€313,200▲ 79.6%
2020 · €174,424
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
€505,885
▲ 16.0%
2021
20182021
Net result
€398,695
▲ 20.1%
2021
20182021
Equity
€316,084
▼ 9.3%
2021
20182021
Total assets
€607,103
▼ 24.6%
2021
20182021
Debt
€291,018
▼ 36.3%
2021
20182021
Working capital
€313,200
▲ 79.6%
2021
20182021
Staff (FTE)
6.8
▼ 19.0%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€0.4m-€0.5m▲ 33.3%€0.4m▼ 7.0%€0.5m▲ 16.0%
Net result€0.2m-€0.3m▲ 35.7%€0.3m▼ 1.0%€0.4m▲ 20.1%
Equity€0.8m-€1.0m▲ 23.2%€0.3m▼ 65.8%€0.3m▼ 9.3%
Total assets€1.0m-€1.3m▲ 36.7%€0.8m▼ 38.9%€0.6m▼ 24.6%
Debt€0.1m-€0.3m▲ 118%€0.5m▲ 52.3%€0.3m▼ 36.3%
Working capital€0.6m-€0.8m▲ 35.3%€0.2m▼ 79.1%€0.3m▲ 79.6%
Staff (FTE)8.6-8.9▲ 3.5%8.4▼ 5.6%6.8▼ 19.0%
The operating result for 2021 is 16% higher than in 2020 and the highest since 2018. It is a recovery after the fall in 2020.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €607,103
Fixed assets
€2,885 ▼ 98.4%
Current assets
€604,218 ▼ 4.1%
Equity and liabilities €607,103
Equity
€316,084 ▼ 9.3%
Debt
€291,018 ▼ 36.3%
Debt's share of the balance-sheet total falls from 56.7% to 47.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€538,283▲
2020 · €476,777
Cash flow
€431,092▲
2020 · €372,800
Current ratio
2.08▲
2020 · 1.38
Quick ratio
1.72▲
2020 · 1.20
ROE
126.1%▲
2020 · 95.3%
ROA
65.7%▲
2020 · 41.2%
Debt ≤ 1 year
€291,018▼
2020 · €455,848
Income taxes
€127,050▲
2020 · €107,970
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,689 | €42,199 | €40,855 | €32,397 | ▼ 20.7% |
| Gross operating margin9900 | €788,945 | €910,107 | €824,339 | €883,631 | ▲ 7.2% |
| Operating profit (loss)9901 | €351,640 | €468,804 | €435,922 | €505,885 | ▲ 16.0% |
| Recurring financial income75 | €10,631 | €12,053 | €8,550 | €21,040 | ▲ 146% |
| Recurring financial charges65 | €1,663 | €2,681 | €4,557 | €1,180 | ▼ 74.1% |
| Profit (loss) for the period before taxes9903 | €360,607 | €478,176 | €439,916 | €525,744 | ▲ 19.5% |
| Income taxes67/77 | €113,547 | €142,968 | €107,970 | €127,050 | ▲ 17.7% |
| Profit (loss) for the period9904 | €247,060 | €335,208 | €331,946 | €398,695 | ▲ 20.1% |
| Profit (loss) for the period to be appropriated9905 | €185,116 | €335,208 | €331,946 | €476,195 | ▲ 43.5% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.0m | €1.3m | €0.8m | €0.6m | ▼ 24.6% |
| Formation expenses20 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.003m | ▼ 98.4% |
| Intangible fixed assets21 | €0.001m | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.002m | ▼ 98.7% |
| Financial fixed assets28 | €496 | €496 | €496 | €0.001m | ▲ 18.5% |
| Current assets29/58 | €0.7m | €1.1m | €0.6m | €0.6m | ▼ 4.1% |
| Stocks and contracts in progress3 | €0.1m | €0.1m | €0.08m | €0.1m | ▲ 23.1% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 37.0% |
| Current investments50/53 | €0 | €0 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €0.3m | €0.7m | €0.2m | €0.3m | ▲ 27.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.0m | €1.3m | €0.8m | €0.6m | ▼ 24.6% |
| Equity10/15 | €0.8m | €1.0m | €0.3m | €0.3m | ▼ 9.3% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.7m | €0.9m | €0.2m | €0.2m | ▼ 6.6% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.1m | €0.3m | €0.5m | €0.3m | ▼ 36.3% |
| Amounts payable after more than one year17 | €0.007m | €0.004m | €0.001m | - | - |
| Amounts payable within one year42/48 | €0.1m | €0.3m | €0.5m | €0.3m | ▼ 36.2% |
| Trade debts44 | €0.04m | €0.02m | €0.02m | €0.01m | ▼ 39.0% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €247,060 | €335,208 | €331,946 | €398,695 | ▲ 20.1% |
| + Depreciation and write-downs630 | €45,689 | €42,199 | €40,855 | €32,397 | ▼ 20.7% |
| Operating cash flow (approximation) | €292,749 | €377,407 | €372,800 | €431,092 | ▲ 15.6% |
| Investment in fixed assets (approximation) | - | -€13,058 | -€27,716 | €139,575 | - |
| Change in cash | - | €328,451 | -€436,925 | €59,212 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | full format | 21-03-2022 | 2022-08200309 | |
| 31-12-2020 | full format | 10-06-2021 | 2021-18700471 | |
| 31-12-2019 | full format | 22-09-2020 | 2020-54600366 | |
| 31-12-2018 | full format | 21-05-2019 | 2019-13900167 | |
| 31-12-2017 | full format | 10-07-2018 | 2018-32200032 | |
| 31-12-2016 | full format | 17-05-2017 | 2017-12300394 | |
| 31-12-2015 | full format | 12-05-2016 | 2016-11900438 | |
| 31-12-2014 | full format | 13-05-2015 | 2015-11900099 | |
| 31-12-2013 | full format | 20-05-2014 | 2014-12900379 | |
| 31-12-2012 | full format | 06-05-2013 | 2013-11200277 |
Board & ownership
Directors
Directors
3 directors, 2 in day-to-day management, last change in 2022
Board 3
Joachim Battheu
Current
Director · appointed in the act of 08-04-2022
Varel Security Group
Current
Director · appointed in the act of 08-04-2022 · Private limited company · permanent representative: Ben Fortan · also on the board of 4 other companies
FORTINVEST SRL
Current
Director · appointed in the act of 08-04-2022 · Legal entity
Day-to-day management 2
Varel Security Group
Current
Managing director · appointed in the act of 08-04-2022 · Private limited company · permanent representative: Ben Fortan
FORTINVEST SRL
Current
Managing director · appointed in the act of 08-04-2022 · Legal entity
Permanent representatives 1
Ben Fortan
Current
Permanent representative · appointed in the act of 08-04-2022 · for Varel Security Group
Owners and capital
Shareholders
1 ownerOwners 1
- Equity €1.1m Loss of €49,601 in 2024 (loss of €123,181 in 2023)50%
Former owners (1)
-
100%
Capital transactions
Shareholders according to the deeds
Stated in the act
act of 04-08-2022 ↗
- VAREL SECURITY (BE 0417.906.385) all shares
Mandate history
5 people, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Joachim Battheu |
|
| Varel Security Group |
|
| FORTINVEST SRL |
|
| D.G. CONCEPT |
|
| YALA CONSULTING |
|
Network & group
Board mandates elsewhere
1 board mandateBoard mandates of HELP SECURITYHELP SECURITY sits on their board1
1 location
Acquisitions and mergers
1 transactionTaken over by:VAREL SECURITY
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
BUYSE TECHNICS
Shared corporate director
→
DBS - BUYSE
Shared corporate director
→
FDN
Shared corporate director
→
VDE SECURITY
Shared corporate director
→
Timeline
Acts, filings and financial milestones
2022
04-08
Gazette deed
Merger: absorbed by VAREL SECURITYDissolution of the company · Accounting effect · Shareholding10 points ▸
Gazette deed
Merger: absorbed by VAREL SECURITY
Dissolution of the company · Accounting effect · Shareholding10 points ▸
- General meeting, 01-07-2022
- Merger, “opération assimilée à la fusion par absorption, article 12:55, deuxième alinéa du Code des sociétés et associations” (deed in French)
- Accounting effect, 01-01-2022
- VAREL SECURITY holds all the shares
- Other provision, “absence d'émission d'actions nouvelles dans la fusion, société acquéreuse unique actionnaire” (deed in French)
- Other provision, “absence de droits spéciaux et de titres autres que des actions” (deed in French)
- Other provision, “membres des conseils d'administration, absence d'avantage particulier aux administrateurs” (deed in French)
- Other provision, “CCT 32bis, transfert du personnel avec maintien des droits” (deed in French)
- Dissolution, “dissolution sans liquidation”, merger (deed in French)
- Other provision, “administrateurs, fin de plein droit du mandat des administrateurs” (deed in French)
30-05
Gazette deed
Merger proposal: to be absorbed by VAREL SECURITYAccounting effect5 points ▸
Gazette deed
Merger proposal: to be absorbed by VAREL SECURITY
Accounting effect5 points ▸
- Merger, “fusion assimilée à la fusion par absorption(fusion à l'anglaise)”, 13-05-2022 (deed in French)
- Accounting effect, 01-01-2022
- Other provision, “droits assurés aux actionnaires à droits spéciaux et porteurs de titres autres que actions, article 12:50,3° du Code des sociétés et associations” (deed in French)
- Other provision, “avantages particuliers attribués aux membres des organes de gestion des sociétés appelées à fusionner” (deed in French)
- Board meeting, 19-05-2022
08-04
Gazette deed
Resignations: D.G CONCEPT SRL (director) and YALA CONSULTING SRL (director)Permanent representatives: Dumortier Gaëtan, Landrieux Yannick and Ben Fortan · Appointments: FORTINVEST SRL (director) and Joachim Battheu (director)12 points ▸
Gazette deed
Resignations: D.G CONCEPT SRL (director) and YALA CONSULTING SRL (director)
Permanent representatives: Dumortier Gaëtan, Landrieux Yannick and Ben Fortan · Appointments: FORTINVEST SRL (director) and Joachim Battheu (director)12 points ▸
- Other provision, “déclaration article 2:8,§4 Code des sociétés et associations, article 2:8,§4 du Code des sociétés et associations” (deed in French)
- General meeting, 28-03-2022
- Director resignation, D.G CONCEPT SRL (director)
- Director resignation, YALA CONSULTING SRL (director)
- Permanent representative, Dumortier Gaëtan
- Permanent representative, Landrieux Yannick
- Director appointment, FORTINVEST SRL (director)
- Director appointment, Joachim Battheu (director)
- Permanent representative, Ben Fortan
- Board meeting, 28-03-2022
- Director resignation, D.G CONCEPT SRL (managing director)
- Director appointment, FORTINVEST SRL (managing director)
21-03
full format · 132 days before the deadline
2021
31-12
Financial
Highest result from 2018 to 2021net €398,695 ▲20.1%
The operating result of €505,885 and the net result of €398,695 are both a record.
10-06
full format · 51 days before the deadline
2020
22-09
full format · 53 days late
2019
31-12
Financial
Equity above €1mequity €1.0m ▲23.2%
With a profit in every financial year since 2018, equity grows to €1.0m.
21-05
full format · 71 days before the deadline
2018
10-07
full format · 21 days before the deadline
2017
17-05
full format · 75 days before the deadline
2016
12-05
full format · 80 days before the deadline
Show earlier events
2015
13-05
full format · 79 days before the deadline
2014
20-05
full format · 72 days before the deadline
2013
06-05
full format · 86 days before the deadline
2004
30-11
19 publications in the Belgian Official Gazette, the last on 04-08-2022
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Absorbed by VAREL SECURITY in August 2022
HELP SECURITY is no longer in the KBO register. VAREL SECURITY took it over in a merger by absorption, published in the Belgian Official Gazette on 10 August 2022.
- Status
- Inactive
- Reason
- Merger by absorption"silent merger", Belgian Official Gazette, 10 August 2022 · act
- Absorbed by
- VAREL SECURITY · 0417.906.385
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Rue Grande Couture 8, 7501 Orcqas published on 4 August 2022
- Legal form
- Public limited company
- First annual accounts
- financial year 2005