QUALITY ASSEMBLIES
ActiveSummary
QUALITY ASSEMBLIES has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €212,493 and a net result of €3,476. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 80% of 146 sector peers (NACE 26, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Staff
- 0.4 FTE
- Equity
- €212,493
- Profit
- €3,476
- Parent
- Assemblics International · 100%
- MEREODirector · permanent representative Steven Bouckaert
- Elie De RuyckDirector
- Masschelein Invest BVDirector · permanent representative Robbe Masschelein
Why 87raises risk1 change of registered office in 24 monthslowers riskSector: Manufacture of computer, electronic and optical products (NACE 26)Equity €212,493 (80.9% of total assets)Figures for financial year 2025 (filed 29-06-2026)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 26, micro): better than 88% on solvency, 49% on liquidity and 29% on profitability.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 12 days before the deadline; the sector median (NACE 26) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Appointments: Elie De Ruyck (director) and…Permanent representative: Robbe Masschelein
- Liquidity doublescurrent ratio 5.10
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €9,591 after €132,441 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 26, Manufacture of computer, electronic and optical products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2025 Net result -97% on 2024. This financial year ran 15 months, the previous one 12.
Peer companies
Historical observationOf the 17,042 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,042 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €1,090 | - |
| Remuneration, social security and pensions62 | - | - | €31,153 | €32,056 | €46,100 | €37,282 | €64,023 | ▲ 71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €502 | €1,446 | €4,597 | €4,757 | €4,557 | €3,311 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | €459 | €461 | €496 | €502 | €541 | ▲ 7.6% |
| Gross operating margin9900 | €32,918 | €110,908 | €136,600 | €165,894 | €232,990 | €173,536 | €54,973 | ▼ 68.3% |
| Operating profit (loss)9901 | €2 | €73,098 | €100,392 | €128,621 | €181,837 | €132,441 | -€9,591 | - |
| Financial income75/76B | - | - | €2 | €5,371 | €38,000 | €5,409 | €19,209 | ▲ 255% |
| Recurring financial income75 | €1,027 | €3 | €2 | €5,371 | €38,000 | €5,409 | €19,209 | ▲ 255% |
| Financial charges65/66B | - | - | €272 | €1,405 | €1,045 | €761 | €4,842 | ▲ 536% |
| Recurring financial charges65 | €444 | €182 | €272 | €1,405 | €1,045 | €761 | €4,842 | ▲ 536% |
| Profit (loss) for the period before taxes9903 | €585 | €72,919 | €100,122 | €132,587 | €218,792 | €137,088 | €4,776 | ▼ 96.5% |
| Income taxes67/77 | €0 | €0 | €230 | €1,768 | €2,049 | €147 | €1,300 | ▲ 786% |
| Profit (loss) for the period9904 | €585 | €72,918 | €99,892 | €130,820 | €216,744 | €136,941 | €3,476 | ▼ 97.5% |
| Transfer from tax-exempt reserves789 | - | - | €2,227 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €585 | €72,918 | €102,118 | €130,820 | €216,744 | €136,941 | €3,476 | ▼ 97.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €186,650 | €265,798 | €286,800 | €352,814 | €507,708 | €414,905 | €262,669 | ▼ 36.7% |
| Fixed assets21/28 | €600 | €15,154 | €12,784 | €8,028 | €3,471 | €160 | €7,157 | ▲ 45× |
| Intangible fixed assets21 | - | - | - | - | - | - | €7,157 | - |
| Tangible fixed assets22/27 | €600 | €15,154 | €12,784 | €8,028 | €3,471 | €160 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | €2,030 | €1,273 | €717 | €160 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | €10,754 | €6,754 | €2,754 | - | - | - |
| Current assets29/58 | €186,051 | €250,644 | €274,016 | €344,786 | €504,238 | €414,745 | €255,512 | ▼ 38.4% |
| Stocks and contracts in progress3 | €26,759 | €35,197 | €63,252 | €84,713 | €106,842 | €34,065 | €36,854 | ▲ 8.2% |
| Stocks30/36 | - | - | €63,252 | €84,713 | €106,842 | €34,065 | €36,854 | ▲ 8.2% |
| Amounts receivable within one year40/41 | €106,808 | €167,717 | €150,723 | €246,645 | €161,334 | €127,384 | €199,206 | ▲ 56.4% |
| Trade receivables40 | - | - | €141,306 | €243,918 | €138,734 | €127,384 | €125,499 | ▼ 1.5% |
| Other amounts receivable41 | - | - | €9,417 | €2,727 | €22,600 | - | €73,707 | - |
| Current investments50/53 | €40,631 | €40,631 | €40,631 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €8,242 | €3,214 | €15,401 | €9,319 | €231,333 | €248,382 | €19,451 | ▼ 92.2% |
| Deferred charges and accrued income490/1 | - | - | €4,008 | €4,109 | €4,728 | €4,913 | €0 | ▼ 100% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €186,650 | €265,798 | €286,800 | €352,814 | €507,708 | €414,905 | €262,669 | ▼ 36.7% |
| Equity10/15 | €58,502 | €131,420 | €186,312 | €242,132 | €248,875 | €249,017 | €212,493 | ▼ 14.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €162,450 | €162,450 | €60,223 | €60,223 | €60,223 | €60,223 | €60,223 | = |
| Non-distributable reserves130/1 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | €54,023 | €54,023 | €54,023 | €54,023 | €54,023 | = |
| Profit (loss) carried forward14 | -€165,948 | -€93,030 | €64,089 | €119,908 | €126,652 | €126,794 | €90,270 | ▼ 28.8% |
| Amounts payable17/49 | €128,149 | €134,378 | €100,488 | €110,682 | €258,833 | €165,889 | €50,176 | ▼ 69.8% |
| Amounts payable within one year42/48 | €128,149 | €134,378 | €100,377 | €110,222 | €258,336 | €165,388 | €50,073 | ▼ 69.7% |
| Trade debts44 | €114,253 | €117,567 | €53,856 | €30,521 | €15,763 | €20,172 | €4,886 | ▼ 75.8% |
| Suppliers440/4 | - | - | €53,856 | €30,521 | €15,763 | €20,172 | €4,886 | ▼ 75.8% |
| Taxes, remuneration and social security45 | - | - | €1,521 | €4,701 | €32,573 | €8,416 | €5,187 | ▼ 38.4% |
| Taxes450/3 | - | - | €930 | €2,030 | €29,282 | €6,568 | €1,240 | ▼ 81.1% |
| Remuneration and social security454/9 | - | - | €591 | €2,671 | €3,291 | €1,849 | €3,947 | ▲ 113% |
| Other amounts payable47/48 | - | - | €45,000 | €75,000 | €210,000 | €136,800 | €40,000 | ▼ 70.8% |
| Accrued charges and deferred income492/3 | - | - | €111 | €461 | €497 | €500 | €103 | ▼ 79.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €585 | €72,918 | €99,892 | €130,820 | €216,744 | €136,941 | €3,476 | ▼ 97.5% |
| + Depreciation and write-downs630 | €502 | €1,446 | €4,597 | €4,757 | €4,557 | €3,311 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €1,087 | €74,364 | €104,488 | €135,576 | €221,300 | €140,252 | €3,476 | ▼ 97.5% |
| Investment in fixed assets (approximation) | - | -€16,000 | -€2,227 | €0 | €0 | €0 | -€6,997 | - |
| Change in cash | - | -€5,027 | €12,186 | -€6,081 | €222,014 | €17,049 | -€228,931 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00227926 |
| 30-09-2024 | abbreviated format | 30-04-2025 | 2025-00090587 |
| 30-09-2023 | abbreviated format | 25-04-2024 | 2024-00073209 |
| 30-09-2022 | abbreviated format | 28-04-2023 | 2023-00082810 |
| 30-09-2021 | abbreviated format | 28-04-2022 | 2022-20019558 |
| 30-09-2020 | abbreviated format | 29-04-2021 | 2021-12200258 |
| 30-09-2019 | abbreviated format | 17-03-2020 | 2020-06800546 |
| 30-09-2018 | abbreviated format | 22-03-2019 | 2019-07600230 |
| 30-09-2017 | abbreviated format | 29-03-2018 | 2018-08400165 |
| 30-09-2016 | abbreviated format | 27-03-2017 | 2017-07400080 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Day-to-day management 1
Permanent representatives 3
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| MEREO |
|
| Elie De Ruyck |
|
| Masschelein Invest BV |
|
| Assemblics International NV |
|
| HUVA SYSTEMS BV |
|
| Marianne Huyse |
|
| Odon BV |
|
Owners and capital
Owners
1 ownerChain of control
- PATRIMCOUR
- Assemblics International
- QUALITY ASSEMBLIES
Highest known parent: PATRIMCOUR. The sources do not say who stands above it.
Owners 1
-
100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 28-10-2025 Capital stated in the deed · €62,000 · 1,000 shares
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
04-02
Gazette deed
Appointments: Elie De Ruyck (director) and Masschelein Invest BV (director)Permanent representative: Robbe Masschelein5 facts ▸
- General meeting, 17-12-2025
- Director appointment, Elie De Ruyck (director)
- General meeting, 07-01-2026
- Director appointment, Masschelein Invest BV (director)
- Permanent representative, Robbe Masschelein
28-10
Gazette deed
Permanent representatives: FAMAEY Hilde and BOUCKAERT StevenKind of shares · Capital · Amendment of the articles17 facts ▸
- General meeting, 24-09-2025
- Kind of shares, “abolition, indeling volledig zonder voorwerp geworden gezien éénhoofdigheid” (deed in Dutch)
- Capital, €62,000
- Amendment of the articles, 5
- Amendment of the articles, 7
- Amendment of the articles, 13
- Board composition, ASSEMBLICS INTERNATIONAL (director)
- Permanent representative, FAMAEY Hilde
- Board composition, MEREO (director)
- Permanent representative, BOUCKAERT Steven
- Transfer restriction, “overdraagbaarheidsbeperkingen effecten, abolition” (deed in Dutch)
- Board rule, “kwalitatieve bevoegdheidsbeperkingen van het bestuursorgaan, abolition” (deed in Dutch)
- +5 further facts in this act
15-07
Gazette deed
Resignations: HUVA SYSTEMS BV (bestuurder, voorzitter en gedelegeerd bestuurder) and Marianne Huyse (director)Appointments: Mereo BV (class B director) and Assemblics International NV (managing director) · Power of attorney · Registered-office move6 facts ▸
- Director resignation, HUVA SYSTEMS BV (bestuurder, voorzitter en gedelegeerd bestuurder)
- Director resignation, Marianne Huyse (director)
- Director appointment, Mereo BV (class B director)
- Power of attorney, Andy Dujardin (2 times)
- Registered-office move, Politieke Gevangenenstraat 18, 8530 te Harelbeke
- Director appointment, Assemblics International NV (managing director)
07-04
Gazette deed
Resignation: Odon BV (director)Permanent representatives: Famaey Hilde, Croon Marc and Pascal Vandenbogaerde · Director discharge8 facts ▸
- Board meeting, 27-01-2025
- General meeting, 03-03-2025
- Director resignation, Odon BV (director)
- Other provision, “voorlopige niet-vervanging ontslagnemende bestuurder, voorlopig niet te voorzien in de vervanging” (deed in Dutch)
- Director discharge, Odon BV
- Permanent representative, Famaey Hilde (2 times)
- Permanent representative, Croon Marc
- Permanent representative, Pascal Vandenbogaerde
Show earlier events
About the unread acts
Of the 11 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34322B0554/00M002 | Flanders | 4,579 m² | 1 · 2,040 m² | 6.7 m · 2 |
| 34023B0939/00H000 | Flanders | 2,468 m² | 1 · 996 m² | 6.1 m · 2 |
How the parcels are linked
Articles of association
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Indien de raad van bestuur slechts twee leden telt, heeft elke bestuurder een gelijke stem en dienen de beslissingen te worden genomen bij…”
- Board ruleHow the board is made up, meets and takes decisions.
- “12, natuurlijke personen of rechtspersonen, al dan niet aandeelhouders” (deed in Dutch)“Overblijvende bestuurder dient onverwijld een algemene vergadering samen te roepen, 13” (deed in Dutch)“15, wanneer de raad van bestuur uit slechts twee leden bestaat, heeft elke bestuurder het recht de raad van bestuur bijeen te roepen” (deed in Dutch)“16, indien er maar twee bestuurders zijn, dienen zij beiden aanwezig te zijn” (deed in Dutch)“Gewone meerderheid van stemmen, 16” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of May at 11:00