ACTIVE

QAF

Financial year 2025 · closed on 31/12/2025
Net result
163 k €
+147.8% YoY
Gross margin
1 M €
+152.5% YoY
Equity
249,2 k €
+189.2% YoY

What does QAF do?

QAF is a Private limited company incorporated in 2022. Its registered office is in Saint-Gilles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0783.410.503
Incorporation
15/03/2022
Legal form
Private limited company
Registered office
Avenue Brugmann 27A
1060 Saint-Gilles · BruxellesSee on map
Contributed capital
50 000,00 €
Latest accounts
31/12/2025
Signals
ProfitablePositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Gross margin1 M €412,1 k €-5,9 k €
EBITDA953,6 k €332,3 k €-30,2 k €
Operating result675,5 k €241,6 k €-30,2 k €
Net result163 k €65,8 k €-29,6 k €
Balance sheet
Equity249,2 k €86,2 k €20,4 k €
Total assets10,8 M €10,9 M €4,6 M €
Cash1,2 k €159,5 k €
Debts10,3 M €10,6 M €4,5 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active

Active mandates

CST MANAGEMENT

Director · since 15 mars 2022 · 0733.796.981

Represented by Christian Stenuit

Active
E - MAPROD

Director · since 15 mars 2022 · 0475.285.350

Represented by Stéphane Benaym

Active
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Annual accounts

Full financial information

202520242023
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202414/03/2022
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months22 months
Filing date12/06/202601/07/202524/06/2024
General meeting10/06/202611/06/202512/06/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202510/06/202612/06/2026FrenchPDF
Abridged model31/12/202411/06/202501/07/2025FrenchPDF
Abridged model31/12/202312/06/202424/06/2024FrenchPDF
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.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active

Active mandates

CST MANAGEMENT

Director · since 15 mars 2022 · 0733.796.981

Represented by Christian Stenuit

Active
E - MAPROD

Director · since 15 mars 2022 · 0475.285.350

Represented by Stéphane Benaym

Active
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Other17/03/2022
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025163 k €
  2. 2024
    Annual accounts 202465,8 k €
  3. 2023
    Annual accounts 2023-29,6 k €
  4. 15/03/2022
    IncorporationPrivate limited company