VSD CONCEPT
0828.361.390 · rovalta.com · 23/09/2026
ACTIVE
VSD CONCEPT
Financial year 2025 · closed on 30/09/2025
Net result
-1 k €
-142.0% YoY
Gross margin
5,2 k €
-50.2% YoY
Equity
68,1 k €
-1.5% YoY
Overview
What does VSD CONCEPT do?
VSD CONCEPT is a Private company with limited liability incorporated in 2010. Its registered office is in Liège.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0828.361.390
Incorporation
09/08/2010
Legal form
Private company with limited liability
Registered office
Boulevard d'Avroy 21
4000 Liège · WallonieSee on map
4000 Liège · WallonieSee on map
Contributed capital
6 200,00 €
Latest accounts
30/09/2025
Joint committees (2)
- 200
- 201
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 15 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||
| Gross margin | 5,2 k € | -50.2% | 10,4 k € | +17.3% | 8,9 k € | -2.2% | 9,1 k € | +28.3% | 7,1 k € | -84.4% | 45,1 k € | -65.9% | 132,4 k € | +2.3% | 129,5 k € | +44.9% | 89,4 k € | +184% | 31,5 k € | -52.1% | 65,7 k € | +12.8% | 58,3 k € | -6.3% | 62,2 k € | +3.6% | 60 k € | -28.0% | 83,3 k € |
| EBITDA | 2,1 k € | -72.3% | 7,5 k € | +15.4% | 6,5 k € | -3.8% | 6,7 k € | +41.8% | 4,8 k € | -61.3% | 12,3 k € | +766% | -1,8 k € | +84.3% | -11,7 k € | -123% | 50,4 k € | +78.9% | 28,2 k € | -53.9% | 61,2 k € | +43.1% | 42,7 k € | -5.0% | 45 k € | +4.4% | 43,1 k € | -33.8% | 65,1 k € |
| Operating result | -1,6 k € | -142% | 3,8 k € | +35.6% | 2,8 k € | -8.2% | 3,1 k € | +184% | 1,1 k € | -87.1% | 8,4 k € | +238% | -6,1 k € | +63.3% | -16,5 k € | -136% | 45,3 k € | +148% | 18,3 k € | -56.2% | 41,7 k € | +96.2% | 21,3 k € | -0.5% | 21,4 k € | +15.8% | 18,4 k € | -52.8% | 39,1 k € |
| Net result | -1 k € | -142% | 2,5 k € | +120% | 1,1 k € | +149% | 450,8 € | +121% | -2,1 k € | -147% | 4,5 k € | +146% | -9,7 k € | +54.2% | -21,2 k € | -179% | 26,8 k € | +233% | 8,1 k € | -53.9% | 17,5 k € | +116% | 8,1 k € | -3.2% | 8,4 k € | +247% | 2,4 k € | -85.1% | 16,2 k € |
| Balance sheet | |||||||||||||||||||||||||||||
| Equity | 68,1 k € | -1.5% | 69,1 k € | +3.7% | 66,7 k € | +1.7% | 65,5 k € | +0.7% | 65,1 k € | -3.1% | 67,2 k € | +7.1% | 62,7 k € | -13.4% | 72,4 k € | -22.7% | 93,7 k € | +40.1% | 66,8 k € | +13.7% | 58,8 k € | +42.4% | 41,3 k € | +24.4% | 33,2 k € | +33.7% | 24,8 k € | +10.8% | 22,4 k € |
| Total assets | 73,3 k € | -15.0% | 86,2 k € | -9.4% | 95,2 k € | -8.4% | 104 k € | -7.3% | 112,1 k € | -43.8% | 199,5 k € | -6.2% | 212,7 k € | +5.9% | 200,9 k € | +3.0% | 195,2 k € | +20.2% | 162,3 k € | -7.8% | 176 k € | -2.2% | 179,9 k € | -8.0% | 195,4 k € | -1.7% | 198,8 k € | -15.6% | 235,6 k € |
| Cash | 1,8 k € | -80.3% | 9 k € | -41.0% | 15,2 k € | -25.1% | 20,3 k € | -18.0% | 24,8 k € | -16.7% | 29,7 k € | +10.5% | 26,9 k € | +43.4% | 18,7 k € | -27.5% | 25,8 k € | – | – | 4,6 k € | +36.5% | 3,4 k € | +237% | 997 € | -95.8% | 24 k € | |||
| Debts | 2,9 k € | -80.4% | 14,8 k € | -44.9% | 26,8 k € | -27.0% | 36,7 k € | -19.0% | 45,3 k € | -65.8% | 132,3 k € | -11.8% | 150 k € | +16.7% | 128,5 k € | +26.6% | 101,5 k € | +6.3% | 95,5 k € | -18.5% | 117,3 k € | -15.4% | 138,6 k € | -14.6% | 162,3 k € | -6.8% | 174 k € | -18.4% | 213,2 k € |
| Other | |||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | 0,5 ETP | 0.0% | 0,5 ETP | 0.0% | 0,5 ETP | -28.6% | 0,7 ETP | |||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 2 active · 2 ended
Active mandates
Giuseppe PALUMBO
ActiveMagali LOTHAIRE
ActiveEnded mandates
GIUSEPPE PALUMBO
EndedMAGALI LOTHAIRE
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 0850.079.690 | |
FINARIUS IMMO● Liquidation | 0441.081.368 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 30/09/2025 | 30/09/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 30/05/2026 | 30/04/2025 | 29/05/2024 | 05/05/2023 | 29/04/2022 | 30/09/2021 |
| General meeting | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 | 04/03/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
15 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 30/09/2025 | 31/03/2026 | 30/05/2026 | French | |
| Micro model | 30/09/2024 | 31/03/2025 | 30/04/2025 | French | |
| Micro model | 30/09/2023 | 31/03/2024 | 29/05/2024 | French | |
| Micro model | 30/09/2022 | 31/03/2023 | 05/05/2023 | French | |
| Micro model | 30/09/2021 | 31/03/2022 | 29/04/2022 | French | |
| Micro model | 30/09/2020 | 04/03/2021 | 30/09/2021 | French | |
| Micro model | 30/09/2019 | 30/05/2020 | 29/07/2020 | French | |
| Micro model | 30/09/2018 | 07/03/2019 | 31/05/2019 | French | |
| Micro model | 30/09/2017 | 01/03/2018 | 25/05/2018 | French | |
| Abridged model | 30/09/2016 | 02/03/2017 | 22/06/2017 | French | |
| Abridged model | 30/09/2015 | 03/03/2016 | 16/04/2016 | French | |
| Abridged model | 30/09/2014 | 05/03/2015 | 25/03/2015 | French | |
| Abridged model | 30/09/2013 | 06/03/2014 | 17/06/2014 | French | |
| Abridged model | 30/09/2012 | 07/03/2013 | 19/03/2013 | French | |
| Abridged model | 30/09/2011 | 01/03/2012 | 19/03/2012 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 k€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 2 active · 2 ended
Active mandates
Giuseppe PALUMBO
ActiveMagali LOTHAIRE
ActiveEnded mandates
GIUSEPPE PALUMBO
EndedMAGALI LOTHAIRE
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Registered office05/08/2026SIEGE SOCIAL
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-1 k €↓
- 2024Annual accounts 20242,5 k €↑
- 2023Annual accounts 20231,1 k €↑
- 2022Annual accounts 2022450,8 €↑
- 2021Annual accounts 2021-2,1 k €↓
- 2020Annual accounts 20204,5 k €↑
- 2019Annual accounts 2019-9,7 k €↑
- 2018Annual accounts 2018-21,2 k €↓
- 2017Annual accounts 201726,8 k €↑
- 2016Annual accounts 20168,1 k €↓
- 2015Annual accounts 201517,5 k €↑
- 2014Annual accounts 20148,1 k €↓
- 2013Annual accounts 20138,4 k €↑
- 2012Annual accounts 20122,4 k €↓
- 2011Annual accounts 201116,2 k €
- 09/08/2010IncorporationPrivate company with limited liability