🚀 VC round data is live in beta, check it out!
Qrf Valuation Multiples
Discover revenue and EBITDA valuation multiples for Qrf and similar public comparables like FII BTG Pactual Shoppings, Heliad, Advance Terrafund, CompañÃa de Inversiones La Española and more.
Qrf Overview
About Qrf
Qrf is a Belgian public regulated real estate company (RREC or BE-REIT) that invests in inner city real estate in Belgium and the Netherlands. The company focuses on the acquisition, redevelopment and leasing of commercial real estate focused on retail, leisure and hospitality. Its segments include Belgium and the Netherlands, of which the majority of the revenue is derived from Belgium.
Founded
2013
HQ
Employees
7
Website
Sectors
Financials (LTM)
EV
$252M
Qrf Financials
Qrf reported last 12-month revenue of $17M and EBITDA of $13M.
In the same LTM period, Qrf generated $13M in EBITDA and $14M in net income.
Revenue (LTM)
Qrf P&L
In the most recent fiscal year, Qrf reported revenue of $16M and EBITDA of $18M.
Qrf expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $17M | XXX | $16M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $14M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 86% | XXX | XXX | XXX |
| EBITDA | $13M | XXX | $18M | XXX | XXX | XXX |
| EBITDA Margin | 77% | XXX | 111% | XXX | XXX | XXX |
| EBIT Margin | 79% | XXX | 71% | XXX | XXX | XXX |
| Net Profit | $14M | XXX | $13M | XXX | XXX | XXX |
| Net Margin | 86% | XXX | 79% | XXX | XXX | XXX |
| Net Debt | — | — | $102M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Qrf Stock Performance
Qrf has current market cap of $136M, and enterprise value of $252M.
Market Cap Evolution
Qrf's stock price is $13.10.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $252M | $136M | 0.3% | XXX | XXX | XXX | $1.21 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialQrf Valuation Multiples
Qrf trades at 15.1x EV/Revenue multiple, and 19.6x EV/EBITDA.
EV / Revenue (LTM)
Qrf Financial Valuation Multiples
As of April 8, 2026, Qrf has market cap of $136M and EV of $252M.
Equity research analysts estimate Qrf's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Qrf has a P/E ratio of 9.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $136M | XXX | $136M | XXX | XXX | XXX |
| EV (current) | $252M | XXX | $252M | XXX | XXX | XXX |
| EV/Revenue | 15.1x | XXX | 15.8x | XXX | XXX | XXX |
| EV/EBITDA | 19.6x | XXX | 14.3x | XXX | XXX | XXX |
| EV/EBIT | 19.2x | XXX | 22.3x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 18.4x | XXX | XXX | XXX |
| P/E | 9.5x | XXX | 10.8x | XXX | XXX | XXX |
| EV/FCF | (6.4x) | XXX | 22.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Qrf Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Qrf Margins & Growth Rates
Qrf's revenue in the last 12 month grew by 18%.
Qrf's revenue per employee in the last FY averaged $2.3M, while opex per employee averaged $0.3M for the same period.
Qrf's rule of 40 is 103% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Qrf's rule of X is 137% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Qrf Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 77% | XXX | 111% | XXX | XXX | XXX |
| EBITDA Growth | 23% | XXX | (33%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 103% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 137% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 15% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Qrf Public Comps
See public comps and valuation multiples for other Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| FII BTG Pactual Shoppings | XXX | XXX | XXX | XXX | XXX | XXX |
| Heliad | XXX | XXX | XXX | XXX | XXX | XXX |
| Advance Terrafund | XXX | XXX | XXX | XXX | XXX | XXX |
| CompañÃa de Inversiones La Española | XXX | XXX | XXX | XXX | XXX | XXX |
| Torimbia | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Qrf M&A Activity
Qrf acquired XXX companies to date.
Last acquisition by Qrf was on XXXXXXXX, XXXXX. Qrf acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Qrf
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialQrf Investment Activity
Qrf invested in XXX companies to date.
Qrf made its latest investment on XXXXXXXX, XXXXX. Qrf invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Qrf
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Qrf
| When was Qrf founded? | Qrf was founded in 2013. |
| Where is Qrf headquartered? | Qrf is headquartered in Belgium. |
| How many employees does Qrf have? | As of today, Qrf has over 7 employees. |
| Is Qrf publicly listed? | Yes, Qrf is a public company listed on Euronext Brussels. |
| What is the stock symbol of Qrf? | Qrf trades under QRF ticker. |
| When did Qrf go public? | Qrf went public in 2013. |
| Who are competitors of Qrf? | Qrf main competitors are FII BTG Pactual Shoppings, Heliad, Advance Terrafund, CompañÃa de Inversiones La Española. |
| What is the current market cap of Qrf? | Qrf's current market cap is $136M. |
| What is the current revenue of Qrf? | Qrf's last 12 months revenue is $17M. |
| What is the current revenue growth of Qrf? | Qrf revenue growth (NTM/LTM) is 18%. |
| What is the current EV/Revenue multiple of Qrf? | Current revenue multiple of Qrf is 15.1x. |
| Is Qrf profitable? | Yes, Qrf is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Qrf? | Qrf's last 12 months EBITDA is $13M. |
| What is Qrf's EBITDA margin? | Qrf's last 12 months EBITDA margin is 77%. |
| What is the current EV/EBITDA multiple of Qrf? | Current EBITDA multiple of Qrf is 19.6x. |
| What is the current FCF of Qrf? | Qrf's last 12 months FCF is ($40M). |
| What is Qrf's FCF margin? | Qrf's last 12 months FCF margin is (238%). |
| What is the current EV/FCF multiple of Qrf? | Current FCF multiple of Qrf is (6.4x). |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.