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 52 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
22 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
QAF from Sint-Gillis (bij-Brussel), company number BE0783410503, closed financial year 2025 with a result of € 163,002 after tax. For that financial year QAF recorded a gross margin of € 1 million and equity of € 249,169. Compared with financial year 2024, the result moved from € 65,792 to € 163,002. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 12, 2026.
€ 249,169
▲ 189% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 163,002
▲ 148% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 199,169.
Debts at end 2025
€ 8.9 million
▼ 3% vs 2024
€ 331,888 is repaid this year. At this pace the long-term loan is gone in ≈ 27 years.
€ 37,116
▲ 155% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 72,884
▲ € 59,337 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -5,948 | € 412,071 | € 1,040,481 | ▲ 153% |
| Profit after taxes | € -29,625 | € 65,792 | € 163,002 | ▲ 148% |
| Equity | € 20,375 | € 86,167 | € 249,169 | ▲ 189% |
| Total debts | € 4,546,804 | € 10,856,749 | € 10,514,220 | ▼ 3% |
| Cash | € 159,544 | € 1,246 | - | |
| Land & buildings | € 1,638,064 | € 10,680,953 | € 10,505,267 | ▼ 2% |
| Retained profit | € -29,625 | € 36,167 | € 199,169 | ▲ € 163,002 |
| Bank debt | € 2,462,749 | € 9,178,462 | € 8,917,246 | ▼ 3% |
| Balance sheet total | € 4,567,179 | € 10,942,915 | € 10,763,389 | ▼ 2% |
Key figures of QAF, 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 QAF?
What happened at QAF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 163,002 (▲ 148% vs 2024). Source: NBB ↗
- New establishment in Sint-Gillis (bij-Brussel). KBO
- E-Maprod became a director. NBB
- CST MANAGEMENT became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 29,625 loss in 2023 to € 163,002 profit in 2025.
Paid € 72,884 in corporate taxes since 2023.
Best year ever: 2025, with € 163,002 profit.
Management
The stake of BBR Belgium comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
QAFBehind QAF are E-Maprod and CST MANAGEMENT. The shares are held by BBR Belgium (100%).
Directors
According to the 2025 annual accounts
Director · represented by Stéphane Benaym
Also active at: La Commerciale Nord, FONCIERE DU CARREFOUR DE L'EUROPE, J+M, BBR PLUS, SENA, BRASSAM, ARTE MA, JAMBES MAGONDEAUX +18 more
since 2022
Director · represented by Christian Stenuit
Also active at: BBR PLUS, BRASSAM, RIX RETAIL 2, GLIDA IMMO, RIX RETAIL 3, BBR Properties, BBR 36, BBR Belgium +1 more
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brugmannlaan 27A
1060 Sint-Gillis (bij-Brussel)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 22 companies are registered at this address.
All companies at this address →La Commerciale Nord same network
€ 3,069 gross margin · 2025
J+M same network
€ 1.7 million gross margin · 2025
BBR PLUS same network
€ 4 million gross margin · 2025
SENA same network
€ 60,983 gross margin · 2025
E - MAPROD same network
€ -51,546 gross margin · 2025
+17 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
- 0783.410.503
- VAT number
- BE 0783.410.503
- Registered office
- Brugmannlaan 27A, 1060 Sint-Gillis (bij-Brussel)
- Names & denominations
- QAF
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 March 2022
- Peppol
- Active · Active since 23 Mar 2026