Financials
Financial year 2025
VSL from Mouscron, company number BE0544920957, closed financial year 2025 with a result of € 267,202 after tax. For that financial year VSL recorded a gross margin of € 750,903 and equity of € 1 million. Compared with financial year 2024, the result moved from € 218,385 to € 267,202. Profitable, and profit is growing. 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 July 6, 2026.
€ 1 million
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 267,202
▲ 22% vs 2024
Profit after tax over the fiscal year.
€ 696,996
▲ 61% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 70,588 paid out
26 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
4.1
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 196,593
▲ 2% vs 2024
€ 47,900 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.
€ 74,633
▲ 1% vs 2024
Of which on lease € 26,076.
Debts at end 2025
€ 886,862
▼ 7% vs 2024
€ 86,268 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 144,527
▼ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 85,473
▲ 19% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 351,373 | € 517,903 | € 676,796 | € 750,903 | ▲ 11% |
| Profit after taxes | € 83,148 | € 196,547 | € 218,385 | € 267,202 | ▲ 22% |
| Equity | € 466,192 | € 729,082 | € 826,771 | € 1,020,332 | ▲ 23% |
| Total debts | € 1,357,707 | € 1,336,915 | € 1,243,423 | € 1,166,360 | ▼ 6% |
| Cash | € 328,780 | € 495,622 | € 432,880 | € 696,996 | ▲ 61% |
| Land & buildings | € 1,183,422 | € 1,132,603 | € 1,084,343 | € 1,033,269 | ▼ 5% |
| Retained profit | € 447,592 | € 644,139 | € 744,874 | € 941,488 | ▲ 26% |
| Dividend | € 0 | € 0 | € 117,650 | € 70,588 | ▼ 40% |
| Bank debt | € 1,105,578 | € 1,027,807 | € 948,825 | € 886,862 | ▼ 7% |
| Balance sheet total | € 1,823,899 | € 2,065,997 | € 2,070,194 | € 2,186,692 | ▲ 6% |
| Employees (FTE) | 4.2 | 4.1 | 4.3 | 4.1 | ▼ 0.2 |
Key figures of VSL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VSL?
What happened at VSL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 267,202 (▲ 22% vs 2024). Source: NBB ↗
- François VANDEPUTTE became a director. NBB
- Manon VANDEPUTTE became a director. NBB
- New establishment in Mouscron. KBO
- Start of the company according to the CBE. KBO
In short
From € 83,148 profit in 2022 to € 267,202 profit in 2025.
Paid € 186,349 in corporate taxes since 2022.
Best year ever: 2025, with € 267,202 profit.
On average € 183,100 of value added per employee in 2025.
A new publication or filing at VSL? We notify you, reason included.
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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
Behind VSL are François VANDEPUTTE and Manon VANDEPUTTE.
Directors
According to the 2025 annual accounts
François VANDEPUTTE
Director
since 2015
Manon VANDEPUTTE
Director
since 2015
Establishments
Establishment units
Physical locations of this company
Urbinolaan(L) 1
7700 Mouscron
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0544.920.957
- VAT number
- BE 0544.920.957
- Registered office
- Urbinolaan(L) 1, 7700 Mouscron
- Names & denominations
- VSL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 January 2014
- Peppol
- Active · Active since 7 Nov 2025
- Contact
- [email protected]
- Activities · NACE
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