Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
QRN BRUSSELS from Elsene, company number BE0719795032, closed financial year 2025 with a result of € -23,953 after tax. For that financial year QRN BRUSSELS recorded a gross margin of € 404,368 and equity of € -71,504. Compared with financial year 2024, the result moved from € 62,226 to € -23,953. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ -71,504
▼ € 23,953 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,953
▼ still € 62,226 profit in 2024
Profit after tax over the fiscal year.
€ 214,131
▲ 44% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -90,104.
People and assets in 2025
12.6
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 400,736
▼ 10% vs 2024
€ 31,800 per full-time equivalent. 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
€ 30,000
▲ € 25,029 vs 2024
Loans from banks and other lenders, long and short.
€ 500,921
▲ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 60,985
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2023 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 815,274 | € 460,700 | € 541,540 | € 404,368 | ▼ 25% |
| Profit after taxes | € -76,856 | € -52,722 | € 62,226 | € -23,953 | ▼ € 86,179 |
| Equity | € -57,056 | € -109,778 | € -47,551 | € -71,504 | ▼ € 23,953 |
| Total debts | € 393,556 | € 429,272 | € 445,858 | € 604,279 | ▲ 36% |
| Cash | € 84,697 | € 97,951 | € 148,593 | € 214,131 | ▲ 44% |
| Land & buildings | € 25,586 | € 20,602 | € 21,119 | € 10,460 | ▼ 50% |
| Retained profit | € -75,656 | € -128,378 | € -66,151 | € -90,104 | ▼ € 23,953 |
| Dividend | € 163,737 | € 0 | € 0 | € 0 | |
| Bank debt | € 37,500 | € 30,000 | € 4,971 | € 30,000 | ▲ € 25,029 |
| Balance sheet total | € 336,500 | € 319,495 | € 398,307 | € 532,775 | ▲ 34% |
| Employees (FTE) | 32.4 | 34.8 | 11.7 | 12.6 | ▲ 0.9 |
Key figures of QRN BRUSSELS, fiscal years 2023 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 QRN BRUSSELS?
What happened at QRN BRUSSELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 23,953 (▼ € 86,179 vs 2024). Source: NBB ↗
- New establishment in Elsene. KBO
- New establishment in Brussel. KBO
- Khalid Azaoum became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 76,856 loss in 2023 to € 23,953 loss in 2025.
Paid € 2,463 in corporate taxes since 2023.
Best year ever: 2024, with € 62,226 profit.
On average € 32,100 of value added per employee in 2025.
A new publication or filing at QRN BRUSSELS? We notify you, reason included.
Follow QRN BRUSSELSDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind QRN BRUSSELS is Khalid Azaoum. Khalid Azaoum is also behind QR ANSPACH and AZK INVEST.
Directors
According to the 2025 annual accounts
since 2019
Establishments
Establishment units
Physical locations of this company
Herdersstraat 4
1050 Elsene
Nieuwstraat 121
1000 Brussel
Active since 28 February 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →PROBEL TRADE SPRL
€ -3,920 gross margin · 2025
QBR Toison d'Or
€ 467,764 gross margin · 2021
BK BRUSSELS
€ 955,114 gross margin · 2022
QR ANSPACH same network
€ 395,742 gross margin · 2025
SERVIBEL
€ 1.4 million gross margin · 2021
+2 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
- 0719.795.032
- VAT number
- BE 0719.795.032
- Registered office
- Herdersstraat 4, 1050 Elsene
- Names & denominations
- QRN BRUSSELS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 February 2019
- Peppol
- Active · Active since 9 May 2025
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Eetgelegenheden met beperkte bediening
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering