TIM SECURITY

Absorbed by VAREL SECURITY KBO/BCE: BE 0406.595.591

TIM SECURITY

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Overview

Lifetime

17 annual accounts with figures on one time axis, 46 filings since 1977

peak €1.9m (2021)

€1.5m▼ 18.9%

peak €514,286 (2020)

€511,355▲ 3.2%

peak €1.1m (2022)

€1.1m▲ 80.5%

€1.2m▼ 14.6%

peak 22 FTE (2019)

17.5 FTE▼ 10.3%

Board4 names since 2018

Owners2 names in the annual accounts

100%VAREL SECURITY and 1 other

Documentsfilings and deeds

20-12-2022131 days before the deadline

2022abbreviated format

Gross margin from €1.9m to €1.5mStaff from 19.5 FTE to 17.5 FTEMerger proposal: to be absorbed by VAREL SECURITY 07-111 director appointed, 2 resignations 08-08Equity from €635,179 to €1.1mInvestments €53,680

Key points

from the 2022 annual accounts, the last ones filed

Equity

€1.1m ▲ 80.5%

Equity rose in 2022 from €635,179 to €1.1m.

Investments

€53,896 2.5 × depreciation

Green is investment, beige is depreciation.

Filings

46 annual accounts since 1977

The 2019 accounts came 14 days late. The other nine of the last ten were filed on time.

No score

Board and ownership

last known board

Detienne Alain

Director, until 2022

VAREL SECURITY

Director, last mentioned in 2022

Board & ownership

Recent changes

05-01-2023

Merger: absorbed by VAREL SECURITY Dissolution of the company · Dissolved without liquidation · VAREL SECURITY holds all the shares · General meeting of 01-12-2022 · Gazette deed

07-11-2022

Merger proposal: to be absorbed by VAREL SECURITY Permanent representative: Ben Fortan · “De import,export en groothandel van alle grondstoffen,bewerkt en onbewerkt,voornamelijk…” (deed in Dutch) · Gazette deed

08-08-2022

1 director appointed, 2 resignations Resignations: ADT-Invest and Detienne Alain · Appointment: VAREL SECURITY · Permanent representatives: Detienne Anthony and Ben Fortan · General meeting of 13-07-2022 · Gazette deed

17-06-2019

Capital decrease of €172,125 to €31,250 Capital from €203,375 to €31,250 · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 29-05-2019 · Gazette deed

All 56 events

Official details

Source: KBO

Status: Absorbed by VAREL SECURITYmerger by absorption, December 2022
Activity: “De import, export en groothandel van alle grondstoffen, bewerkt en onbewerkt, voornamelijk elektrische, elektronische…” (deed in Dutch)From the articles, 4 activitiesNo NACE code in the KBO yet
Financial year end: 30 September
Peppol: Not found in the Peppol Directory

Company details

Annual accounts to 30-09-2022

: €1.5m▼ 18.9%
: ≈ €2.7mestimated
: €511,355▲ 3.2%
: €1.1m▲ 80.5%
: €2.3m▲ 15.9%
Employeeson 30-09-2022: 17▼ 5.6%
Filing: Filed on 20-12-2022

Financials

Insights on TIM SECURITY

Absorbed by VAREL SECURITY in December 2022. The last annual accounts are for financial year 2022. The company was dissolved without liquidation.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2022

abbreviated format, filed on 20-12-2022, 131 days before the deadline

€1.5m

▼ 18.9%

€667,778

▲ 1.2%

€511,355

▲ 3.2%

€1.8m

▲ 10.5%

49.9%

▲ 17.9 percentage points

6.40

▼ 1.93

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.7m. Estimated: probably between €1.8m and €4.4m.

Balance sheet

balance sheet total €2.3m on 30-09-2022

What the company ownsHow it is paid for

in €m

Staff

€48,784

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2022, 1 person joined and 2 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	2.3m	2.0m	1.9m	1.5m	1.7m	1.5m	1.6m	1.4m	1.4m	1.3m	1.4m	1.4m	1.2m	1.1m	1.0m	1.0m	1.0m
`21/28`	169,808	137,511	107,080	97,701	73,170	126,414	172,148	233,358	203,665	292,259	301,030	396,334	242,286	235,126	222,113	262,215	298,410
`21`	23,808	19,606	14,146	20,894	13,247	23,546	18,607	25,859	12,590	-	6,279	12,558	18,837	30,116	10,000	15,000	20,000
`22/27`	145,951	117,855	92,933	76,808	59,923	102,868	153,540	207,499	190,709	291,894	294,386	383,411	223,089	204,650	211,753	246,399	277,094
`22`	52,058	52,058	52,058	52,766	53,474	64,593	75,713	83,292	93,704	104,115	115,204	126,293	137,382	148,471	159,956	173,451	186,946
`23`	32,035	34,637	15,648	-	351	2,274	5,314	8,467	6,026	18,179	29,550	47,674	4,165	-	412	3,124	6,835
`24`	61,858	31,160	25,227	24,042	6,098	36,001	72,513	115,740	90,980	169,600	149,631	209,444	81,542	56,178	51,385	69,824	83,313
`28`	50	50	-	-	-	-	-	-	365	365	365	365	360	360	360	816	1,316
`29/58`	2.1m	1.8m	1.8m	1.4m	1.6m	1.3m	1.4m	1.1m	1.2m	1.0m	1.1m	960,091	962,657	851,616	792,391	771,301	732,929
`3`	298,853	216,309	146,450	154,065	206,288	214,147	147,405	147,055	148,049	116,221	101,247	98,626	113,975	79,454	95,990	86,956	82,572
`30/36`	298,853	216,309	146,450	154,065	206,288	214,147	147,405	147,055	148,049	116,221	101,247	98,626	113,975	79,454	95,990	86,956	82,572
`40/41`	341,083	621,767	629,289	604,339	625,782	676,526	885,706	864,569	746,038	741,485	860,164	769,631	534,518	692,601	635,938	540,589	502,299
`40`	310,928	593,206	605,710	600,641	571,407	653,811	867,210	864,175	713,707	711,779	833,355	701,753	533,291	673,836	605,141	522,781	488,572
`41`	30,155	28,561	23,579	3,698	54,375	22,715	18,496	394	32,331	29,706	26,809	67,879	1,227	18,765	30,797	17,808	13,727
`50/53`	-	57,444	56,632	54,415	54,134	61,791	50,045	49,534	49,114	47,719	44,990	36,565	40,522	38,872	34,077	45,204	36,047
`54/58`	1.5m	931,629	962,900	583,754	737,758	396,736	319,898	71,975	157,175	99,065	97,912	55,268	273,642	37,731	26,387	98,552	110,249
`490/1`	13,247	19,039	3,687	735	-	-	2,056	1,561	57,125	1,602	-	-	-	2,957	-	-	1,762
Balance sheet: equity and liabilities
`10/49`	2.3m	2.0m	1.9m	1.5m	1.7m	1.5m	1.6m	1.4m	1.4m	1.3m	1.4m	1.4m	1.2m	1.1m	1.0m	1.0m	1.0m
`10/15`	1.1m	635,179	139,603	135,317	303,462	303,406	299,934	288,484	284,323	293,658	280,509	265,143	259,557	238,477	206,160	191,447	274,345
`10/11`	51,588	51,588	51,588	-	203,375	203,375	203,375	203,375	203,375	31,250	31,250	31,250	31,250	31,250	31,250	31,250	31,250
`100`	-	-	-	-	203,375	203,375	203,375	203,375	203,375	31,250	31,250	31,250	31,250	31,250	31,250	31,250	31,250
`11`	-	-	-	51,588	-	-	-	-	-	-	-	-	-	-	-	-	-
`1100/10`	-	-	-	51,588	-	-	-	-	-	-	-	-	-	-	-	-	-
`13`	22,520	583,592	88,015	83,729	100,087	100,031	96,559	85,109	80,948	262,408	249,259	233,893	228,307	207,227	174,910	160,197	243,095
`130`	-	-	-	-	20,338	20,338	20,338	9,470	6,114	3,125	3,125	3,125	3,125	3,125	3,125	3,125	3,125
`132`	22,520	22,520	22,520	39,337	39,337	39,337	39,337	39,337	39,337	39,337	39,337	39,337	39,337	39,337	39,337	39,337	39,337
`133`	-	561,072	65,495	44,392	40,412	40,356	36,884	36,301	35,496	219,946	206,797	191,431	185,845	164,765	132,448	117,735	200,633
`14`	1.1m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`17/49`	1.2m	1.3m	1.8m	1.4m	1.4m	1.2m	1.3m	1.1m	1.1m	1.0m	1.1m	1.1m	945,385	848,264	808,344	842,069	756,994
`17`	-	-	-	-	-	-	-	-	-	-	38,802	98,234	65,164	75,681	88,989	111,270	139,257
`170/4`	-	-	-	-	-	-	-	-	-	-	38,802	98,234	65,164	75,681	88,989	111,270	139,257
`42/48`	332,306	221,481	728,043	356,351	425,226	280,948	369,650	198,568	184,193	236,084	304,358	299,264	254,249	147,756	167,426	233,840	141,993
`42`	-	-	-	-	-	-	-	-	-	38,802	59,432	68,391	37,469	34,980	26,630	32,774	40,473
`43`	-	-	-	-	-	-	-	-	-	-	6,296	-	-	-	-	-	-
`430/8`	-	-	-	-	-	-	-	-	-	-	6,296	-	-	-	-	-	-
`44`	70,637	75,966	33,017	33,263	47,269	71,217	29,188	47,371	59,282	30,638	19,539	68,468	25,776	22,332	38,112	46,001	29,369
`440/4`	70,637	75,966	33,017	33,263	47,269	71,217	29,188	47,371	59,282	30,638	19,539	68,468	25,776	22,332	38,112	46,001	29,369
`45`	261,669	145,515	185,025	123,089	177,957	101,731	102,462	89,197	74,911	74,644	69,091	62,405	71,003	60,444	52,684	45,065	42,151
`450/3`	163,667	49,474	89,684	6,516	83,226	7,709	2,980	2,740	95	-	2,054	3,556	12,971	2,502	1,586	171	897
`454/9`	98,002	96,041	95,341	116,573	94,731	94,022	99,482	86,457	74,816	74,644	67,037	58,849	58,032	57,943	51,097	44,895	41,254
`47/48`	-	-	510,000	200,000	200,000	108,000	238,000	62,000	50,000	92,000	150,000	100,000	120,000	30,000	50,000	110,000	30,000
`492/3`	819,323	1.1m	1.0m	1.0m	968,444	891,261	907,674	881,000	892,650	768,608	781,674	693,783	625,973	624,828	551,929	496,959	475,744
Income statement
`76A`	7,432	289	6,979	1,131	6,339	15,198	150	513	413	6,392	-	29,953	4,806	500	200	5,608	5,250
`9900`	1.5m	1.9m	1.8m	1.7m	1.6m	1.6m	1.6m	1.3m	1.3m	1.2m	1.2m	1.1m	997,427	890,228	813,627	821,975	710,576
`62`	853,713	1.2m	1.1m	1.4m	1.3m	1.4m	1.3m	1.1m	1.1m	969,638	885,253	842,239	736,292	744,887	645,483	600,948	538,545
`630`	21,383	26,658	27,860	28,312	39,700	64,963	84,862	123,583	106,337	139,623	111,491	139,898	71,149	69,737	69,812	68,620	72,863
`631/4`	401	-4,665	125	259	1,494	1,357	1,181	3,436	-	536	-12,445	-26,335	25,307	-	1,251	-19,350	3,857
`640/8`	4,639	15,618	9,868	14,410	12,891	13,040	15,416	21,282	13,192	27,348	26,787	43,271	17,139	11,337	13,262	39,496	12,777
`66A`	216	-	-	-	-	-	-	-	1,027	-	-	397	-	-	-	-	-
`9901`	667,778	659,945	689,186	294,223	304,565	116,571	265,048	83,201	70,347	108,527	175,296	96,936	147,541	64,267	83,820	132,261	82,534
`75/76B`	31,432	16,976	19,481	11,157	10,678	27,853	15,517	13,845	14,059	16,114	19,854	19,996	19,165	25,161	34,489	29,792	22,857
`75`	31,432	16,976	19,319	11,107	10,678	27,853	15,517	13,845	14,059	16,114	19,854	19,996	19,165	25,161	34,489	29,792	22,857
`76B`	-	-	162	50	-	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	9,390	7,719	6,018	4,830	11,831	4,343	3,987	5,439	1,270	2,608	4,109	8,642	5,768	3,139	27,330	13,266	12,466
`65`	9,390	7,719	6,018	4,830	11,831	4,343	3,987	5,439	1,270	2,608	4,109	8,642	5,768	3,139	27,330	13,266	12,466
`9903`	689,819	669,202	702,649	300,550	303,411	140,081	276,578	92,121	82,523	128,424	191,040	137,845	165,744	86,790	91,178	154,395	98,175
`67/77`	178,464	173,625	188,363	96,570	103,355	28,608	27,128	25,961	22,733	23,275	25,674	32,259	24,663	24,473	26,466	27,292	26,726
`9904`	511,355	495,577	514,286	203,980	200,056	111,473	249,450	66,160	59,790	105,149	165,366	105,586	141,080	62,317	64,713	127,103	71,449
`789`	-	-	16,817	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9905`	511,355	495,577	531,103	203,980	200,056	111,473	249,450	66,160	59,790	105,149	165,366	105,586	141,080	62,317	64,713	127,103	71,449
Appropriation of the result
`9906`	1.1m	495,577	531,103	203,980	200,056	111,473	249,450	66,160	59,790	105,149	165,366	105,586	141,080	62,317	64,713	127,103	71,449
`14P`	561,072	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	82,897	-
`691/2`	-	495,577	21,103	3,980	56	3,473	11,450	4,160	9,790	13,149	15,366	5,586	21,080	32,317	14,713	-	41,449
`6920`	-	-	-	-	-	-	10,867	3,356	2,989	-	-	-	-	-	-	-	-
`6921`	-	495,577	21,103	3,980	56	3,473	583	804	6,800	13,149	15,366	5,586	21,080	32,317	14,713	-	41,449
`694/7`	-	-	510,000	200,000	200,000	108,000	238,000	62,000	50,000	92,000	150,000	100,000	120,000	30,000	50,000	210,000	30,000
`694`	-	-	510,000	200,000	200,000	-	-	-	-	-	-	-	-	-	-	100,000	-
`695`	-	-	-	-	-	108,000	238,000	62,000	50,000	92,000	150,000	100,000	120,000	30,000	50,000	110,000	30,000
Social balance sheet
`9087`	17.5	19.5	18.5	22	21.3	20.8	21.2	19.1	18.2	16.9	15.7	15.8	13.7	13.8	12.9	12.7	12.4
Hours worked`1013`	20,612	31,285	28,541	36,570	33,636	34,016	35,624	31,865	30,776	28,731	26,985	26,857	23,848	23,790	21,888	22,048	20,915
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 29 older financial years (1977-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2022 (PDF), filed on 20-12-2022.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-09-2022	abbreviated format	20-12-2022	2022-20541243	PDF
31-12-2021	abbreviated format	07-07-2022	2022-20158187	PDF
31-12-2020	abbreviated format	17-06-2021	2021-20900338	PDF
31-12-2019	abbreviated format	14-08-2020	2020-41200088	PDF
31-12-2018	abbreviated format	28-06-2019	2019-25700492	PDF
31-12-2017	abbreviated format	29-06-2018	2018-26100075	PDF
31-12-2016	abbreviated format	23-06-2017	2017-21400226	PDF
31-12-2015	abbreviated format	16-06-2016	2016-18500299	PDF
31-12-2014	abbreviated format	06-07-2015	2015-27900062	PDF
31-12-2013	abbreviated format	31-07-2014	2014-39300021	PDF
31-12-2012	abbreviated format	31-07-2013	2013-38100537	PDF
31-12-2011	abbreviated format	20-08-2012	2012-42300218	PDF
31-12-2010	abbreviated format	02-08-2011	2011-37300140	PDF
31-12-2009	abbreviated format	06-07-2010	2010-28100295	PDF
31-12-2008	abbreviated format	20-08-2009	2009-60800158	PDF
31-12-2007	abbreviated format	12-08-2008	2008-55100283	PDF
31-12-2006	abbreviated format	03-07-2007	2007-32600211	PDF
31-12-2005	abbreviated format	16-06-2006	2006-25002306	PDF
31-12-2004	abbreviated format	15-06-2005	2005-26204165	PDF
31-12-2003	abbreviated format	19-07-2004	2004-47801977	PDF
31-12-2002	abbreviated format	17-06-2003	2003-25100414	PDF
31-12-2001	abbreviated format	12-07-2002	2002-37302210	PDF
31-12-2000	abbreviated format	18-06-2001	2001-22604653	PDF
31-12-1999	abbreviated format	07-12-2000	2000-74703899	PDF
31-12-1998	abbreviated format	02-07-1999	1999-29301957	PDF
31-12-1997	abbreviated format	24-06-1998	1998-21801220	PDF
31-12-1996	abbreviated format	16-06-1997	1997-16302278	PDF
31-12-1995	abbreviated format	02-07-1996	1996-25801972	PDF
31-12-1994	abbreviated format	14-06-1995	1995-23802238	PDF
31-12-1993	abbreviated format	08-07-1994	1994-27904859	PDF
31-12-1992	abbreviated format	15-06-1993	1993-13203264	PDF
31-12-1991	abbreviated format	13-10-1992	1992-35102864	PDF
31-12-1990	abbreviated format	11-06-1991	1991-09003970	PDF
31-12-1989	abbreviated format	13-08-1990	1990-21501559	PDF
31-12-1988	abbreviated format	23-06-1989	1989-10701735	PDF
31-12-1987	abbreviated format	29-06-1988	1988-11802402	PDF
31-12-1986	abbreviated format	23-07-1987	1987-18202933	PDF
31-12-1985	abbreviated format	30-06-1986	1986-20601361	PDF
31-12-1984	full format	22-07-1985	1985-25802039	PDF
31-12-1983	unclassified schema	05-07-1984	1984-09202303	PDF
31-12-1982	unclassified schema	16-11-1983	1983-13702288	PDF
31-12-1981	unclassified schema	19-07-1982	1982-09600951	PDF
31-12-1980	unclassified schema	02-09-1981	1981-10901642	PDF
31-12-1979	unclassified schema	28-07-1980	1980-09700762	PDF
31-12-1978	unclassified schema	03-08-1979	1979-09900659	PDF
31-12-1977	unclassified schema	04-10-1978	1978-07602001	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
689,161	686,603	717,045	322,535	344,265	181,534	349,910	206,784	176,684	248,150	286,787	236,834	218,689	134,005	153,632	200,881	155,397
532,738	522,235	542,145	232,292	239,756	176,436	334,312	189,743	166,127	244,772	276,857	245,484	212,229	132,054	134,525	195,722	144,312
53,896	61,519	36,568	49,563	6,431	19,230	23,652	153,641	29,186	130,852	16,187	299,162	78,309	82,751	30,165	42,317	79,834
543,543	-31,271	379,146	-154,004	341,022	76,839	247,923	-85,200	58,109	1,153	42,644	-218,373	235,910	11,344	-72,165	-11,697	-
1.8m	1.6m	1.1m	1.0m	1.2m	1.1m	1.0m	936,126	973,309	770,007	799,955	660,826	708,408	703,860	624,965	537,461	590,936
49.9%	32.0%	7.3%	9.1%	17.9%	20.6%	19.0%	21.1%	20.9%	22.6%	20.0%	19.5%	21.5%	21.9%	20.3%	18.5%	26.6%
6.40	8.34	2.47	3.92	3.82	4.80	3.80	5.71	6.28	4.26	3.63	3.21	3.79	5.76	4.73	3.30	5.16
5.51	7.36	2.27	3.49	3.33	4.04	3.40	4.97	5.48	3.77	3.30	2.88	3.34	5.23	4.16	2.93	4.58
1.00	2.12	12.65	10.05	4.59	3.86	4.26	3.74	3.79	3.42	4.01	4.12	3.64	3.56	3.92	4.40	2.76
44.6%	78.0%	368.4%	150.7%	65.9%	36.7%	83.2%	22.9%	21.0%	35.8%	59.0%	39.8%	54.4%	26.1%	31.4%	66.4%	26.0%
22.3%	25.0%	27.0%	13.6%	11.8%	7.6%	15.8%	4.8%	4.4%	8.1%	11.8%	7.8%	11.7%	5.7%	6.4%	12.3%	6.9%
73.39	88.95	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	30-09-2022	31-12-2021
Employees at the balance-sheet date	17	18
full-time	16	17
part-time	1	1
in full-time equivalents	16.9	17.9
	17.5	19.5
On a permanent contract	17	18
Joined	1	4
Left	2	5

Source: social balance sheet in the 2021 to 2022 annual accounts

Investments

fixed assets acquired

Item	30-09-2022	2021
Tangible fixed assets	€44,680	€47,730
Intangible fixed assets	€9,216	€13,739
Financial fixed assets	-	€50
	€21,383	€26,658

Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)

Insights on TIM SECURITY

The operating result for 2022 is 1% higher than in 2021. It is a recovery after the fall in 2021.

Debt's share of the balance-sheet total falls from 68.0% to 50.1%. Equity is higher and debt is lower.

Board & ownership

Last board

Last change in 2022

Signing authority: “2.2. De rechtsvorm van de Vennootschap werd gewijzigd. 2.3. Het doel van de Vennootschap werd toegevoegd en er werd een terminologische…”
deed of 17-06-2019

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today

ADT-Invest
Manager

Detienne Alain
Director

VAREL SECURITY
Director

Patrick Van Liempt
Manager

Earliermandate already running before its first mentionend not dated

Mandates as a list

ADT-Invest
- Manager, appointed by deed of 17-10-2018, until 08-08-2022
- Manager, appointed by deed of 17-10-2018, last mentioned in 2018
Detienne Alain
- Director, from 01-10-2018 to 08-08-2022
VAREL SECURITY
- Director, appointed by deed of 08-08-2022, no longer listed in the 2022 annual accounts
Patrick Van Liempt
- Manager, until 30-08-2018

See the board, name and registered office on a given date →

Control

Shareholder

VAREL SECURITY

This company

TIM SECURITY

Equity €1.1m

Profit €511,355 in 2022

Capital

Contribution: €51,587.50
Source: 2022 annual accounts

Owners through the years

as the annual accounts name them

Owners as a list

VAREL SECURITY
- 2022: 100%
ADT-Invest
- 2019 to 2022: 49%

Source: lists of holdings in the owners' accounts

Capital transactions

Shareholders according to the deeds

Stated in the deed deed of 05-01-2023 ↗

VAREL SECURITY (BE 0417.906.385) all shares

Network & group

No group

TIM SECURITY has no parent and no holdings in its annual accounts.

Earlier ties

Varel Security Group via ADT-Invest, at TIM SECURITY, last mentioned in 2018 · Director · deed of 13-07-2026 founded in 2015	7.8 FTE (2025)
DBS - BUYSE via ADT-Invest, at TIM SECURITY, last mentioned in 2018 · Director · deed of 13-07-2026 founded in 2006	30 FTE (2025)

Acquisitions and mergers

1 transaction

Taken over by:VAREL SECURITY

BE 0417.906.385operation treated as a merger by absorption · Gazette deed of 05-01-2023 (4 deeds) · according to the KBO register since 01-12-2022

Connections & network

Depth

The network starts from the earlier ties.

This company Company Director Shareholding +N: links not shown yet

Timeline

56 events since 1978

Board

Capital

Filings

Financial

End

Address

1980198519901995200020052010201520202025

2023

05-01-2023

Merger: absorbed by VAREL SECURITYDissolution of the company · Dissolved without liquidation · VAREL SECURITY holds all the shares · General meeting of 01-12-20224 points ▸

General meeting, 01-12-2022
VAREL SECURITY holds all the shares
Accounting effect, 01-10-2022
Power of attorney, De Clerco Erika
The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

2022

20-12-2022

Annual accounts 2022 filed PDFabbreviated format · 131 days before the deadline

07-11-2022

Merger proposal: to be absorbed by VAREL SECURITYPermanent representative: Ben Fortan · “De import,export en groothandel van alle grondstoffen,bewerkt en onbewerkt,voornamelijk…” (deed in Dutch)3 points ▸

Purpose change, “De import,export en groothandel van alle grondstoffen,bewerkt en onbewerkt,voornamelijk elektrische,elektronische en optische producten en de representatie van…” (deed in Dutch)
Accounting effect, 01-10-2022
Permanent representative, Ben Fortan
The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

30-09-2022

Equity above €1m equity €1.1m ▲80.5% Equity rises from €635,179 to €1.1m.

08-08-2022

1 director appointed, 2 resignationsResignations: ADT-Invest and Detienne Alain · Appointment: VAREL SECURITY · Permanent representatives: Detienne Anthony and Ben Fortan · General meeting of 13-07-20226 points ▸

General meeting, 13-07-2022
Director resignation, ADT-Invest
Director resignation, Detienne Alain
Director appointment, VAREL SECURITY
Permanent representative, Detienne Anthony
Permanent representative, Ben Fortan

Open the deed in the Belgian Official Gazette

07-07-2022

Annual accounts 2021 filed PDFabbreviated format · 24 days before the deadline

2021

31-12-2021

Liquidity more than triples current ratio 8.34 The current ratio rises from 2.47 to 8.34. Short-term debt falls from €728,043 to €221,481.

31-12-2021

Equity above €500,000 equity €635,179 ▲355% Equity rises from €139,603 to €635,179.

17-06-2021

Annual accounts 2020 filed PDFabbreviated format · 44 days before the deadline

2020

31-12-2020

Highest result from 2006 to 2022 net €514,286 ▲152% The operating result of €689,186 and the net result of €514,286 are both a record.

14-08-2020

Annual accounts 2019 filed PDFabbreviated format · 14 days late

2019

28-06-2019

Annual accounts 2018 filed PDFabbreviated format · 33 days before the deadline

17-06-2019

Capital decrease of €172,125 to €31,250Capital from €203,375 to €31,250 · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 29-05-20193 points ▸

General meeting, 29-05-2019
Capital decrease, €172,125
Legal-form conversion, from private limited company (pre-2019) to private limited company
The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

2018

17-10-2018

New managerADT-Invest appointed, Patrick Van Liempt resigned · Permanent representative: Anthony DETIENNE · General meeting of 27-09-20184 points ▸

General meeting, 27-09-2018
Director resignation, Patrick Van Liempt (manager)
Director appointment, ADT-Invest (manager)
Permanent representative, Anthony DETIENNE

Open the deed in the Belgian Official Gazette

29-06-2018

Annual accounts 2017 filed PDFabbreviated format · 32 days before the deadline

2017

23-06-2017

Annual accounts 2016 filed PDFabbreviated format · 38 days before the deadline

2016

16-06-2016

Annual accounts 2015 filed PDFabbreviated format · 45 days before the deadline

2015

06-07-2015

Annual accounts 2014 filed PDFabbreviated format · 25 days before the deadline

2014

31-12-2014

Weakest financial year net €59,790 ▼43.1% The net result drops to €59,790, the lowest from 2006 to 2022.

31-07-2014

Annual accounts 2013 filed PDFabbreviated format · on the deadline day

2013

31-07-2013

Annual accounts 2012 filed PDFabbreviated format · on the deadline day

2012

20-08-2012

Annual accounts 2011 filed PDFabbreviated format · 20 days late

2011

02-08-2011

Annual accounts 2010 filed PDFabbreviated format · 2 days late

2010

06-07-2010

Annual accounts 2009 filed PDFabbreviated format · 25 days before the deadline

2009

20-08-2009

Annual accounts 2008 filed PDFabbreviated format · 20 days late

2008

12-08-2008

Annual accounts 2007 filed PDFabbreviated format · 12 days late

2007

03-07-2007

Annual accounts 2006 filed PDFabbreviated format · 28 days before the deadline

2006

16-06-2006

Annual accounts 2005 filed PDFabbreviated format

2005

15-06-2005

Annual accounts 2004 filed PDFabbreviated format

2004

19-07-2004

Annual accounts 2003 filed PDFabbreviated format

2003

17-06-2003

Annual accounts 2002 filed PDFabbreviated format

2002

12-07-2002

Annual accounts 2001 filed PDFabbreviated format

2001

18-06-2001

Annual accounts 2000 filed PDFabbreviated format

2000

07-12-2000

Annual accounts 1999 filed PDFabbreviated format

1999

02-07-1999

Annual accounts 1998 filed PDFabbreviated format

1998

24-06-1998

Annual accounts 1997 filed PDFabbreviated format

1997

16-06-1997

Annual accounts 1996 filed PDFabbreviated format

1996

02-07-1996

Annual accounts 1995 filed PDFabbreviated format

1995

14-06-1995

Annual accounts 1994 filed PDFabbreviated format

1994

08-07-1994

Annual accounts 1993 filed PDFabbreviated format

1993

15-06-1993

Annual accounts 1992 filed PDFabbreviated format

1992

13-10-1992

Annual accounts 1991 filed PDFabbreviated format

1991

11-06-1991

Annual accounts 1990 filed PDFabbreviated format

1990

13-08-1990

Annual accounts 1989 filed PDFabbreviated format

1989

23-06-1989

Annual accounts 1988 filed PDFabbreviated format

1988

29-06-1988

Annual accounts 1987 filed PDFabbreviated format

1987

23-07-1987

Annual accounts 1986 filed PDFabbreviated format

1986

30-06-1986

Annual accounts 1985 filed PDFabbreviated format

1985

22-07-1985

Annual accounts 1984 filed PDFfull format

1984

05-07-1984

Annual accounts 1983 filed PDFunclassified schema

1983

16-11-1983

Annual accounts 1982 filed PDFunclassified schema

1982

19-07-1982

Annual accounts 1981 filed PDFunclassified schema

1981

02-09-1981

Annual accounts 1980 filed PDFunclassified schema

1980

28-07-1980

Annual accounts 1979 filed PDFunclassified schema

1979

03-08-1979

Annual accounts 1978 filed PDFunclassified schema

1978

04-10-1978

Annual accounts 1977 filed PDFunclassified schema

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

TIM SECURITY has filed 46 sets of annual accounts, the latest for financial year 2022.¹ In 2023 the company was absorbed by merger into VAREL SECURITY.²

Company details

Purpose according to the articles of association

Purpose: “De import, export en groothandel van alle grondstoffen, bewerkt en onbewerkt, voornamelijk elektrische, elektronische en optische producten…”
4 activities
De import, export en groothandel van alle grondstoffen, bewerkt en onbewerkt, voornamelijk elektrische, elektronische en optische producten en de representatie van binnenlandse en buitenlandse fabrieken, ook van afgewerkte producten.
Import en export van elektrische en elektronische toestellen en componenten, groot- en kleinhandel van elektrische en elektronische toestellen en componenten, algemene aanneming van elektrotechnische installaties, algemene aanneming van telecommunicatie-uitrustingen en van het databeheer (de hard- en software), algemene aanneming van elektronische uitrusting, speciale installaties (zend- en ontvangstantennes), camerabewaking en toegangbewaking, leggen van kabels en van diverse leidingen, en hierin begrepen de installatie en algemene aanneming van onder andere alarmsystemen en materialen.
De vennootschap mag zich eveneens toeleggen op alle handels- en nijverheidsverrichtingen.
Zij mag rechtstreeks of onrechtstreeks deelnemen in andere ondernemingen met een gelijkaardig voorwerp.

Articles of association, deed of 07-11-2022 (in Dutch)

Inactive

Absorbed by VAREL SECURITY in December 2022

TIM 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 5 January 2023.

Status: Inactive
Reason: Merger by absorption"operation treated as a merger by absorption", Belgian Official Gazette, 5 January 2023 · deed
Absorbed by: VAREL SECURITY · 0417.906.385
Last annual accounts: financial year to 30 September 2022
Last registered office: Koningin Astridlaan 29, 2550 Kontichas published on 5 January 2023
Legal form: Private limited company
First annual accounts: financial year 1977

Official KBO record

Overview

Lifetime

Key points

Equity

Investments

Filings

Board and ownership

Recent changes

Official details

Annual accounts to 30-09-2022

Insights on TIM SECURITY

Financials

Annual accounts 2022

Balance sheet

Change in equityin €m

Change in cashin €m

Staff

Staff cost per FTE€48,784

Joined and left-1 person

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on TIM SECURITY

Board & ownership

Last board

Mandates through the years

Control

Capital

Owners through the years

Capital transactions

Network & group

No group

Earlier ties

Acquisitions and mergers

Connections & network

Timeline

Timeline

History

Company details

Purpose according to the articles of association

Absorbed by VAREL SECURITY in December 2022

in €m

in €m

€48,784

-1 person