Qrf
ISIN: BE0974272040 | Ticker: QRF | LEI: 549300WR4XOEI43K6S68
Country: Belgium
Qrf is a listed REIT (Real Estate Investment Trust) that invests in commercial real estate in inner cities in Belgium and the Netherlands
Qrf’s sharpened focus is on high-quality real estate in a limited number of important central cities in Belgium and the Netherlands. In addition, Qrf is no longer limited invest in retail real estate, but is looking for additional diversification of its assets in leisure real estate, in line with changes in consumer spending.
With this, Qrf focuses on alignment with free disposal income of consumers and aims to build a real estate portfolio that reflects the current and future spending patterns of residents, tourists and day visitors to central cities in Belgium and The Netherlands.
Over the past ten years, consumer spending has changed so much that a solitary focus on retail property does not provide the necessary protection against long-term market developments.
2013
Served areaBelgium + Netherlands
HeadquartersGaston Crommenlaan 8, 9050 Gent, Oost-Vlaanderen – Belgium
| Line item in (eur) | 01.01.2020 | 01.01.2021 | 01.01.2022 |
|---|---|---|---|
| Assets | N/A | 239,545,000.00 | 239,961,000.00 |
| Noncurrent Assets | N/A | 234,721,000.00 | 235,067,000.00 |
| Investment Property | N/A | 208,430,000.00 | 208,060,000.00 |
| Intangible Assets Other Than Goodwill | N/A | 9,000.00 | 64,000.00 |
| Other Noncurrent Nonfinancial Assets | N/A | 25,000.00 | 12,000.00 |
| Current Assets | N/A | 4,824,000.00 | 4,894,000.00 |
| Current Trade Receivables | N/A | 1,310,000.00 | 1,116,000.00 |
| Cash and cash equivalents | 2,483,000.00 | 1,727,000.00 | 883,000.00 |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale | N/A | 0.00 | 1,060,000.00 |
| Equity And Liabilities | N/A | 239,546,000.00 | 239,961,000.00 |
| Equity | 128,319,000.00 | 117,507,000.00 | 116,326,000.00 |
| Issued Capital | N/A | 7,153,000.00 | 7,347,000.00 |
| Share Premium | N/A | 149,867,000.00 | 151,948,000.00 |
| Equity Attributable To Owners Of Parent | N/A | 117,507,000.00 | 116,326,000.00 |
| Noncontrolling Interests | N/A | 0.00 | 0.00 |
| Liabilities | N/A | 122,039,000.00 | 123,635,000.00 |
| Noncurrent Liabilities | N/A | 107,986,000.00 | 71,761,000.00 |
| Noncurrent Provisions | N/A | 0.00 | 0.00 |
| Deferred Tax Liabilities | N/A | 1,160,000.00 | 0.00 |
| Other Noncurrent Financial Liabilities | N/A | 1,767,000.00 | 831,000.00 |
| Other Noncurrent Nonfinancial Liabilities | N/A | 108,000.00 | 0.00 |
| Current Liabilities | N/A | 14,052,000.00 | 51,873,000.00 |
| Current Provisions | N/A | 0.00 | 0.00 |
| Trade And Other Current Payables | N/A | 615,000.00 | 457,000.00 |
| Other Current Financial Liabilities | N/A | 0.00 | 0.00 |
| Other Current Nonfinancial Liabilities | N/A | 661,000.00 | 185,000.00 |
| Line item in (eur) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
|---|---|---|
| Profit Loss From Operating Activities | -3,817,000.00 | 2,339,000.00 |
| Finance Income | 392,000.00 | 47,000.00 |
| Finance Costs | 2,143,000.00 | 2,064,000.00 |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | 0.00 | 593,000.00 |
| Profit Loss Before Tax | -5,842,000.00 | 1,699,000.00 |
| Income Tax Expense Continuing Operations | -527,000.00 | -628,000.00 |
| Profit (loss) | -5,314,000.00 | 2,327,000.00 |
| Profit Loss Attributable To Owners Of Parent | -5,314,000.00 | 2,327,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | 0.00 | 0.00 |
| Line item in (eur) | 01.01.2020 | 01.01.2021 | 01.01.2022 |
|---|---|---|---|
| Profit (loss) | N/A | -5,314,000.00 | 2,327,000.00 |
| Adjustments For Finance Costs | N/A | 301,000.00 | 231,000.00 |
| Adjustments For Depreciation And Amortisation Expense | N/A | 0.00 | 41,000.00 |
| Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | N/A | 0.00 | 0.00 |
| Cash Flows From Used In Operating Activities | N/A | 6,681,000.00 | 6,789,000.00 |
| Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 959,000.00 | 414,000.00 |
| Other Cash Receipts From Sales Of Equity Or Debt Instruments Of Other Entities Classified As Investing Activities | N/A | 20,669,000.00 | 0.00 |
| Cash Flows From Used In Investing Activities | N/A | 4,742,000.00 | -8,561,000.00 |
| Proceeds From Borrowings Classified As Financing Activities | N/A | 0.00 | 40,000,000.00 |
| Repayments Of Borrowings Classified As Financing Activities | N/A | 6,454,000.00 | 35,500,000.00 |
| Dividends Paid Classified As Financing Activities | N/A | 5,723,000.00 | 3,449,000.00 |
| Interest Paid Classified As Financing Activities | N/A | 0.00 | 0.00 |
| Cash Flows From Used In Financing Activities | N/A | -12,177,000.00 | 929,000.00 |
| Cash and cash equivalents | 2,483,000.00 | 1,727,000.00 | 883,000.00 |
Please note that some sums might not add up.
| Date | Trading entity / Person | Association | Trade type | Volume |
|---|---|---|---|---|
| 09.06.23 | Horizon Retail Investeringen WP | Other | Buy | EUR 1,253,079.52 |
| 18.01.23 | Lesaffre Arthur | Executive member | Buy | EUR 46,500.00 |
| 06.01.23 | Lesaffre Arthur | Executive member | Buy | EUR 9,540.00 |
| 10.06.22 | Horizon Retail Investeringen WP | Other | Buy | EUR 1,187,131.68 |
| 29.06.20 | Migeco BV | Executive member | Buy | EUR 6,057.21 |
| 04.12.19 | Schockaert Tom | Executive member | Buy | EUR 8,299.68 |
BE0974272040
LEI549300WR4XOEI43K6S68
SectorEquity Real Estate Investment Trusts (REITs)
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