Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2023; threshold 65 %.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
QRF MANAGEMENT from Oostende, company number BE0537925079, closed financial year 2023 with a result of € 276,414 after tax. For that financial year QRF MANAGEMENT recorded a gross margin of € 368,811 and equity of € 203,544. Compared with financial year 2022, the result moved from € 247,913 to € 276,414. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 19, 2024.
€ 203,544
▲ 15% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 276,414
▲ 11% vs 2022
Profit after tax over the fiscal year.
€ 18,367
▲ € 18,247 vs 2022
Cash and bank balances on the last day of the fiscal year.
€ 250,000 paid out
90 % of the profit went to the shareholders, mostly to 2IM (100 % of the shares). That is where the money ends up.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 14,436
▼ 88% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 20,815
▼ 52% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 337,350 | € 305,753 | € 368,811 | ▲ 21% |
| Profit after taxes | € 253,458 | € 247,913 | € 276,414 | ▲ 11% |
| Equity | € 179,216 | € 177,130 | € 203,544 | ▲ 15% |
| Total debts | € 371,647 | € 410,423 | € 260,688 | ▼ 36% |
| Cash | € 47,469 | € 120 | € 18,367 | ▲ € 18,247 |
| Retained profit | € 117,716 | € 115,630 | € 142,044 | ▲ 23% |
| Dividend | € 250,000 | € 250,000 | € 250,000 | |
| Balance sheet total | € 550,863 | € 587,553 | € 464,232 | ▼ 21% |
Key figures of QRF MANAGEMENT, fiscal years 2022 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to QRF MANAGEMENT?
What happened at QRF MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Inge Boets stepped down as director. NBB
- New annual accounts for financial year 2023: profit of € 276,414 (▲ 11% vs 2022). Source: NBB ↗
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 253,458 profit in 2022 to € 276,414 profit in 2023.
Paid € 235,004 in corporate taxes since 2022.
Best year ever: 2023, with € 276,414 profit.
Paid out € 750,000 in dividends to the owners in total.
Management
The stake of 2IM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
QRF MANAGEMENTBehind QRF MANAGEMENT are Frank De Moor, William Vanmoerkerke, Stefanie Vanden Broucke, Jan Brouwers and Francis Vanderhoydonck. The shares are held by 2IM (100%).
Directors
According to the 2023 annual accounts
Frank De Moor
Director
Stefanie Vanden Broucke
Director
Also active at: JAGERSHOF, Chapter George, Chapter George Properties, Chapter George Develops, ULNATE
Jan Brouwers
Director
Francis Vanderhoydonck
Director
Also active at: Meubelhoutimport Edm. De Decker, MWM Immo, Biesmans Group, Ehkam, WASE WEGENBOUW, IMMO K.D.P., K.I.M.A., MEUBELFABRIEKEN KAREL MINTJENS +20 more
· until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oud Vliegveld 12
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →HOTEL BEL EUR
€ 300,180 gross margin · 2025
KEIGNAERT INVEST same network
€ 59,911 gross margin · 2025
HORIZON RETAIL INVESTERINGEN MVV
€ -3,539 gross margin · 2025
De Noordzee
De Vuurtoren
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0537.925.079
- VAT number
- BE 0537.925.079
- Registered office
- Oud Vliegveld 12, 8400 Oostende
- Names & denominations
- QRF MANAGEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 September 2013
- Peppol
- Active · Active since 26 Nov 2025