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Companies Real Estate QRF.BR
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QRF.BR Euronext Brussels Commercial REITs

Qrf NV

€10,40
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Mcap
108,1M EUR
P/E
6,4x
EV / Rev
Div yield
1,80 %
Op margin
ROE
Net margin
Debt / equity
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

Qrf NV is a commercial real estate investment trust (REIT) that owns and operates commercial properties, generating revenue primarily through rental income from its real estate portfolio.

Business. Qrf NV (QRF.BR) is a commercial real estate investment trust (REIT) that generates revenue primarily through rental income. The company is headquartered in Belgium and is listed on the Euronext Brussels exchange. Specific details regarding operating segments or geographic concentrations are not provided in the available data.

Classification92 %
SectorReal Estate
IndustryCommercial REITs
Generated · model-assisted
Sell-side consensus
BUY2 analysts
1 buy1 hold0 sell
Avg 12m price target12,10

Analyst recommendations

2 analysts · consensus Buy
Buy1
Hold1
Sell0
12-month price target
12,10
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
6,4x
P/E
Analysts
Buy
2 analysts · indicative
Ownership
not yet wired
Profitability
not yet wired
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning QRF.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate · THIS SECTOR−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to QRF.BR. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Qrf NV (QRF.BR) is a commercial real estate investment trust (REIT) that generates revenue primarily through rental income. The company is headquartered in Belgium and is listed on the Euronext Brussels exchange. Specific details regarding operating segments or geographic concentrations are not provided in the available data.

    Classification92 %
    SectorReal Estate
    IndustryCommercial REITs
    AI synthesis
    GENERATED

    Qrf NV has a market capitalization of EUR 116.5 million, with a current market price of EUR 11.2 per share, and no dilution risk as the basic and diluted shares outstanding are equal at 10,398,514 shares. Analysts have assigned a mean price target of EUR 12.10, with a median of EUR 12.10 and a high of EUR 12.50, indicating a consensus for moderate upside.

    The company's profitability and returns are not directly quantifiable due to the absence of detailed financial metrics such as ROIC, EBITDA margins, or net operating income in the valuation snapshot. However, as a commercial REIT, its performance is typically benchmarked against industry metrics like net operating income (NOI) and capitalization rates (cap rates), which are not provided in the current dataset.

    Segment and geographic exposure data are not disclosed in the available financial snapshot, making it difficult to assess revenue concentration or geographic diversification. The company's exposure to specific markets or property types is therefore unknown.

    Growth trajectory is not explicitly outlined in the available data, but analyst price targets suggest a potential for modest appreciation in the near term. The absence of historical revenue data limits the ability to assess long-term growth trends.

    Risk factors include the inability to assess liquidity risk due to the lack of balance-sheet inputs and no going-concern language in source documents. The dilution potential is low, as there is no difference between basic and diluted shares outstanding. No recent events, such as filings or transcripts, are available to provide additional context on the company's operations or strategic direction.

    Key takeaways
    • Qrf NV is a commercial REIT with a market capitalization of EUR 116.5 million and a current market price of EUR 11.2 per share.
    • Analysts project a mean price target of EUR 12.10, suggesting a potential for moderate upside.
    • The company has no dilution risk, as basic and diluted shares are equal.
    • Liquidity risk cannot be assessed due to the absence of balance-sheet data.
    • No recent events or detailed financial metrics are available to evaluate performance or strategic direction.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Annual
    ANNUALFiled 2026-02-26
    FY 2026 · Full-year highlights

    Revenue €13.2M, +6,0% YoY; Operating income +45,2% YoY.

    Revenue€13.2M+6,0 % YoY
    Operating income€21.5M+45,2 % YoY
    Net income€18.3M+67,1 % YoY
    Free cash flow
    EPS
    Operating cash flow€6.0M−40,3 % YoY
    Financials
    Income statement
    Revenue€13.2M
    Gross profit€11.4M
    Operating income€21.5M
    Net income€18.3M
    Margins
    Gross margin87.0%
    Operating margin163.2%
    Net margin138.8%
    FCF margin
    Balance sheet
    Total assets€287.9M
    Total liabilities€128.0M
    Total equity€159.9M
    Cash & equivalents
    Long-term debt€122.6M
    Cash flow
    Operating cash flow€6.0M
    CapEx
    Free cash flow
    SBC
    P&L flow · revenue → net income
    Revenue €13.2MOperating costs €8.3MTax €3.2MNet income €18.3M
    Highlights
    • Revenue €13.2M, +6,0% YoY
    • Operating income +45,2% YoY
    • Net income +67,1% YoY
    • Net margin 138.8%

    Valuation FY

    Market price
    €10,40
    Market cap
    €116.5M
    Enterprise value
    P/E
    6.4x
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    Net cash
    Current ratio
    Debt / equity
    ROA
    ROE
    Cash conversion
    CapEx / revenue
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    0,91
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    2
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-11 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate0,91
    Revenueno estimateno estimate16,9M EUR
    Operating incomeno estimateno estimate14,2M EUR
    Full-year consensus mean (period as reported by source) · consensus in EUR. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution2 analysts
    Strong buy0
    Buy1
    Hold1
    Sell0
    Strong sell0
    12-month price target€12,10 · Median €12,10
    Low €11,70High €12,50
    Operating income · consensus14,2M EUR
    EPS surprise
    −5,5 %
    reported vs consensus · miss
    Revenue surprise
    −22,3 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low€11,70
    Mean€12,10
    Median€12,10
    High€12,50
    Spot€10,40
    +16.3 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskUnknown

    Benchmarks vs cohort

    No cohort benchmark data available for this issuer yet.

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • Qrf NV Market data — financials · 2026-05-29
    • Qrf NV Market data — analyst estimates · 2026-05-29

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    QRF.BRCanonical
    Euronext Brussels · EUR

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskUnknown

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-02-26 23:21 UTCEARNINGSAnnual results — FY 2026 Revenue EUR 13.2M · Net EUR 18.3M
    2025-02-20 17:04 UTCEARNINGSAnnual results — FY 2025 Revenue EUR 12.4M · Net EUR 10.9M
    2024-02-22 17:10 UTCEARNINGSAnnual results — FY 2024 Revenue EUR 14.2M · Net EUR -2.5M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage