Financials
Financial year 2025
QUALITY ASSEMBLIES from Harelbeke, company number BE0465215463, closed financial year 2025 with a result of € 3,476 after tax. For that financial year QUALITY ASSEMBLIES recorded a gross margin of € 54,973 and equity of € 212,493. Compared with financial year 2024, the result moved from € 136,941 to € 3,476. The company is profitable. 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 June 29, 2026.
€ 212,493
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,476
▼ 97% vs 2024
Profit after tax over the fiscal year.
€ 19,451
▼ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 40,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 64,023
▲ 72% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,886
▼ 76% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,187
▼ 38% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 165,894 | € 232,990 | € 173,536 | € 54,973 | ▼ 68% |
| Profit after taxes | € 130,820 | € 216,744 | € 136,941 | € 3,476 | ▼ 97% |
| Equity | € 242,132 | € 248,875 | € 249,017 | € 212,493 | ▼ 15% |
| Total debts | € 110,682 | € 258,833 | € 165,889 | € 50,176 | ▼ 70% |
| Cash | € 9,319 | € 231,333 | € 248,382 | € 19,451 | ▼ 92% |
| Retained profit | € 180,132 | € 186,875 | € 187,017 | € 150,493 | ▼ 20% |
| Dividend | € 75,000 | € 210,000 | € 136,800 | € 40,000 | ▼ 71% |
| Balance sheet total | € 352,814 | € 507,708 | € 414,905 | € 262,669 | ▼ 37% |
| Employees (FTE) | 1 | 1 | 1 | - |
Key figures of QUALITY ASSEMBLIES, 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 QUALITY ASSEMBLIES?
What happened at QUALITY ASSEMBLIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Elie De Ruyck stepped down as director. NBB
- MEREO stepped down as director. NBB
- Assemblics International stepped down as director. NBB
- Masschelein Invest BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3,476 (▼ 97% vs 2024). Source: NBB ↗
- Masschelein Invest BV became a director. NBB
- Elie De Ruyck became a director. NBB
- MEREO became a director. NBB
In short
From € 130,820 profit in 2022 to € 3,476 profit in 2025.
Paid € 5,263 in corporate taxes since 2022.
Best year ever: 2023, with € 216,744 profit.
On average € 173,500 of value added per employee in 2024.
Management
The stake of Assemblics International comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
QUALITY ASSEMBLIESThe shares are held by Assemblics International (100%).
Directors
According to the 2025 annual accounts
Elie De Ruyck
Director
since 2026 · until 2029
since 2025 · until 2029
Managing director · represented by Pascal Vandenbogaerde
since 2023 · until 2025
Director · represented by Hilde Famaey
Also active at: ASSEMBLICS, AltEnerPro
since 2025 · until 2029
Huyse Marianne
Director
since 2023 · until 2025
Director · represented by Hilde Famaey
Also active at: Koramic Real Estate, Koramic Capital, C-Buildings, RESITEC INVESTMENT, SATURNUS INVEST, FONCIERE CHOCOLATERIE, KORAMIC CHOCOLATERIE, Louise properties leasehold
since 2023 · until 2025
Director · represented by Robbe Masschelein
since 2026 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Politieke Gevangenenstraat 18
8530 Harelbeke
Ter Ferrants 15
8520 Kuurne
Active since 23 April 1999
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0465.215.463
- VAT number
- BE 0465.215.463
- Registered office
- Politieke Gevangenenstraat 18, 8530 Harelbeke
- Names & denominations
- QUALITY ASSEMBLIES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 February 1999
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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