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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
VSD CONCEPT from Liège, company number BE0828361390, closed financial year 2025 with a result of € -1,037 after tax. For that financial year VSD CONCEPT recorded a gross margin of € 5,175 and equity of € 68,090. Compared with financial year 2024, the result moved from € 2,472 to € -1,037. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 30, 2026.
€ 68,090
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,037
▼ still € 2,472 profit in 2024
Profit after tax over the fiscal year.
€ 1,764
▼ 80% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 61,890.
Debts at end 2025
€ 1,830
▼ 87% vs 2024
Loans from banks and other lenders, long and short.
€ 1,058
▲ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 9,063 | € 8,867 | € 10,400 | € 5,175 | ▼ 50% |
| Profit after taxes | € 451 | € 1,123 | € 2,472 | € -1,037 | ▼ € 3,509 |
| Equity | € 65,532 | € 66,655 | € 69,127 | € 68,090 | ▼ 2% |
| Total debts | € 38,419 | € 28,525 | € 17,088 | € 5,226 | ▼ 69% |
| Cash | € 20,292 | € 15,194 | € 8,966 | € 1,764 | ▼ 80% |
| Land & buildings | € 57,773 | € 54,100 | € 50,426 | € 46,753 | ▼ 7% |
| Retained profit | € 59,332 | € 60,455 | € 62,927 | € 61,890 | ▼ 2% |
| Bank debt | € 34,092 | € 24,198 | € 13,960 | € 1,830 | ▼ 87% |
| Balance sheet total | € 103,951 | € 95,180 | € 86,215 | € 73,316 | ▼ 15% |
Key figures of VSD CONCEPT, 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 VSD CONCEPT?
What happened at VSD CONCEPT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,037 (▼ € 3,509 vs 2024). filed late Source: NBB ↗
- New establishment in Liège. KBO
- Giuseppe PALUMBO became a director. NBB
- Magali LOTHAIRE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 451 profit in 2022 to € 1,037 loss in 2025.
Best year ever: 2024, with € 2,472 profit.
A new publication or filing at VSD CONCEPT? 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 VSD CONCEPT are Giuseppe PALUMBO and Magali LOTHAIRE. Giuseppe PALUMBO is also behind INOÉ.
Directors
According to the 2025 annual accounts
since 2010
Magali LOTHAIRE
Manager
since 2010
Establishments
Establishment units
Physical locations of this company
Boulevard d'Avroy 21
4000 Liège
Boulevard d'Avroy 21 box 2
4000 Liège
Active since 9 August 2010
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.
Details
- Company number
- 0828.361.390
- VAT number
- BE 0828.361.390
- Registered office
- Boulevard d'Avroy 21, 4000 Liège
- Names & denominations
- VSD CONCEPT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 August 2010
- Peppol
- Not registered