Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-4.82%
0%
-4.82%
6 Months
-0.6%
0%
-0.6%
1 Year
-2.52%
0%
-2.52%
2 Years
6.2%
0%
6.2%
3 Years
8.95%
0%
8.95%
4 Years
-2.99%
0%
-2.99%
5 Years
-18.64%
0%
-18.64%
Qrf Comm. VA for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
-3.40%
EBIT Growth (5y)
20.17%
EBIT to Interest (avg)
4.83
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
0.69%
Dividend Payout Ratio
41.96%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
9.58%
ROE (avg)
7.91%
Valuation key factors
Factor
Value
P/E Ratio
7
Industry P/E
Price to Book Value
0.65
EV to EBIT
8.96
EV to EBITDA
8.92
EV to Capital Employed
0.65
EV to Sales
5.60
PEG Ratio
0.01
Dividend Yield
NA
ROCE (Latest)
7.20%
ROE (Latest)
9.06%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
No Trend
No Trend
OBV
Mildly Bullish
No Trend
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Annual Results Snapshot (Consolidated) - Dec'23
Dec'23
Dec'22
Change(%)
Net Sales
15.30
13.40
14.18%
Operating Profit (PBDIT) excl Other Income
7.50
15.80
-52.53%
Interest
5.50
1.90
189.47%
Exceptional Items
-9.60
-1.50
-540.00%
Consolidate Net Profit
-2.50
12.60
-119.84%
Operating Profit Margin (Excl OI)
488.80%
1,175.10%
-68.63%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2023 is 14.18% vs 8.94% in Dec 2022
Consolidated Net Profit
YoY Growth in year ended Dec 2023 is -119.84% vs 447.83% in Dec 2022
About Qrf Comm. VA 
Qrf Comm. VA
Realty
QRF Comm. VA, formerly known as Qrf CVA, is a Belgium-based Real Estate Investment Trust. The Company is specialized in the niche market of retail properties. QRF Comm. VA invests in commercial real estate throughout Belgium and the Netherlands.
Company Coordinates 
Company Details
Leopold de Waelplaats 8/1 , ANTWERPEN None : 2000
Registrar Details






