Equity
€329,074 ▼ 37.7%
QUALITY FACTORY paid out €430,745 in dividends. That is 186% of the 2025 profit.
QUALITY FACTORY
Lifetime
6 annual accounts with figures on one time axispeak €982,698 (2023)
€786,524▼ 0.6%
peak €231,945 (2025)
€231,945▲ 61.5%
peak €527,874 (2024)
€329,074▼ 37.7%
€634,035▲ 298%
peak 13.2 FTE (2023)
10.4 FTE▼ 13.3%
Board2 names since 2019
2 directorsMartens Talitha and 1 other
Documentsfilings and deeds
30-03-2026123 days before the deadline
2025abbreviated format
Result from €143,602 to €231,945Staff from 12 FTE to 10.4 FTERegistered office moved from Bruges to St- Michiels Brugge 07-01Dividend €430,745Equity from €527,874 to €329,074Debts from €159,425 to €634,035
Key points
from the 2025 annual accountsResult
€231,945 ▲ 61.5%
The result rose in 2025 from €143,602 to €231,945.
Debts
€634,035 ▲ 298%
Debts rose by €474,610 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Staff
11 employees on 31-12-2025
In 2025, 7 people joined and 8 left.
Liquidity
1.54 was 4.64 in 2024
Short-term debts rose from €147,903 to €623,770.
Position in the sector
€231,945
Higher net result than 89% of companies in specialised construction. Sector median €26,691 · 9,959 companies.
Checked score
70
Healthy
Financially stronger than 56% of small companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.3%▲ +0.2 percentage points vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%▼ -0.1 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.3%▼ -0.1 percentage points vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.3 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026highest value
10-2026: 0.6%● unchanged vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Founded in 2019
lowers risk
Liquidity: current ratio 1.54, cash €354,777
Figures for financial year 2025 (filed on 30-03-2026)
Calculation
The band follows from the bankruptcy probability. 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 43, small). It does better than 44% of them on solvency, 77% on liquidity, 95% on profitability and 7% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,782 companies had the same profile as QUALITY FACTORY has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of QUALITY FACTORY itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for QUALITY FACTORY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €23,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.54 (4.64 in 2024), above the usual 1.5. Short-term debt is 64.8% and cash 36.8% of total assets. However, 65.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-03-2026, 123 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
123 days early
2024
41 days early
2023
40 days early
2022
35 days early
2021
38 days early
2020
39 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 53 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Brysse Glenn Michel Cecile 200 sharesdeed of 09-10-2019
- Martens Talitha 200 sharesdeed of 09-10-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0735758955
Registered office moved from Bruges to St- Michiels Brugge
New registered office: Ten Briele 12 bus 11, 8200 St- Michiels Brugge · Previous registered office: Zeezwaluwstraat 36, 8380 Brugge · Gazette deed
Appointment: Brysse Glenn (director)
General meeting of 09-09-2022 · Gazette deed
Incorporation
Founding capital of €40,000, 400 shares · Founders: Brysse Glenn Michel Cecile and Martens Talitha · Appointment: Martens Talitha (director) · published on 09-10-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| QUALITY FACTORY Bruges | €1.0m | €0.8m | 34.2% | 10.4 |
| Heattracer Kalmthout | €1.0m | €0.9m | 42.9% | 9.7 |
| DUJACQUIER ELECTRICITE Chimay | €1.1m | €0.7m | 16.2% | 9.1 |
| DSB TECHNICS Mons | €0.8m | €0.8m | 23.0% | 11 |
| Rise Management Kuurne | €0.9m | €1.0m | 21.9% | 13 |
| RNEW Flémalle | €0.7m | €0.8m | 42.1% | 11.8 |
| Tavati Security Power Deinze | €0.8m | €0.7m | 0.2% | 13.2 |
These companies have the same main activity as QUALITY FACTORY: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €746,000 and €1.1m, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 07-10-2019Normal situation
- Registered office
- 11 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- General electrical installation workNACE 43211and 3 others
- Establishment unit
- 2.294.589.5378200 Bruges, since 07-10-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 12-02-2025
Annual accounts 2025
- ≈ €1.7mestimated
- €963,109▲ 40.1%
- Employeeson 31-12-2025
- 11▼ 8.3%
- Filing
- Filed on 30-03-2026, 123 days before the end of the filing period
Insights on QUALITY FACTORY
QUALITY FACTORY files the abbreviated format. That format states no turnover. The gross margin rose from €186,762 in 2020 to €786,524 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about QUALITY FACTORY
- What is the company number of QUALITY FACTORY?
- The company number of QUALITY FACTORY is 0735.758.955. The VAT number is the same number with BE in front: BE 0735.758.955.
- Where is QUALITY FACTORY based?
- The registered office is at Ten Briele 12, 8200 Bruges.Company details
- What does QUALITY FACTORY do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of QUALITY FACTORY?
- QUALITY FACTORY is a private limited company (BV).
- When was QUALITY FACTORY founded?
- QUALITY FACTORY was founded on 07-10-2019.
- Is QUALITY FACTORY still active?
- Yes, QUALITY FACTORY is an active enterprise in the KBO register.
- How many employees does QUALITY FACTORY have?
- QUALITY FACTORY had an average of 10.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of QUALITY FACTORY?
- The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €786,524 and 35 comparable companies (NACE 43211). It probably lies between €1.5m and €2.2m. In financial year 2022 turnover was €1.6m.
- Is QUALITY FACTORY profitable?
- In financial year 2025, QUALITY FACTORY made a profit of €231,945.
- Where can I find the annual accounts of QUALITY FACTORY?
- QUALITY FACTORY filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of QUALITY FACTORY due?
- QUALITY FACTORY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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