QRF SCA Net Assets
QRF SCA net assets. Based on the latest financial reports, QRF SCA (QRF) has net assets worth €166.03 Million EUR (≈ $194.11 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€360.57 Million ≈ $421.55 Million USD) and total liabilities (€194.54 Million ≈ $227.44 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore QRF shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €166.03 Million |
| % of Total Assets | 46.05% |
| Annual Growth Rate | 6.55% |
| 5-Year Change | 37.47% |
| 10-Year Change | 29.95% |
| Growth Volatility | 17.09 |
Net Assets of QRF SCA (2013–2025)
Net assets of QRF SCA from 2013 to 2025. This chart illustrates how QRF SCA's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of QRF SCA to measure how much of total assets are equity-financed.
Annual Net Assets for QRF SCA (2013–2025)
The table below shows the annual net assets of QRF SCA from 2013 to 2025. For live market cap and overall valuation, see how much is QRF SCA worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €159.91 Million ≈ $186.95 Million |
+29.39% |
| 2024-12-31 | €123.59 Million ≈ $144.49 Million |
+3.94% |
| 2023-12-31 | €118.90 Million ≈ $139.01 Million |
-5.17% |
| 2022-12-31 | €125.38 Million ≈ $146.58 Million |
+7.78% |
| 2021-12-31 | €116.33 Million ≈ $136.00 Million |
-1.01% |
| 2020-12-31 | €117.51 Million ≈ $137.38 Million |
-8.43% |
| 2019-12-31 | €128.32 Million ≈ $150.02 Million |
-11.63% |
| 2018-12-31 | €145.20 Million ≈ $169.76 Million |
-12.13% |
| 2017-12-31 | €165.25 Million ≈ $193.19 Million |
+34.29% |
| 2016-12-31 | €123.05 Million ≈ $143.86 Million |
+17.38% |
| 2015-12-31 | €104.83 Million ≈ $122.56 Million |
+37.93% |
| 2014-12-31 | €76.00 Million ≈ $88.85 Million |
+1.73% |
| 2013-12-31 | €74.71 Million ≈ $87.34 Million |
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Equity Component Analysis
This analysis shows how different components contribute to QRF SCA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2320300000.0% over the analyzed period, indicating profitable operations and earnings retention.
QRF SCA Net Assets Breakdown (December 2025)
QRF SCA net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €21.49 Million | 13.44% |
| Common Stock | €9.50 Million | 5.94% |
| Other Comprehensive Income | €-47.45 Million | -29.68% |
| Other Components | €176.33 Million | 110.30% |
| Total Equity | €159.86 Million | 100.00% |
QRF SCA Competitors by Market Cap
The table below lists competitors of QRF SCA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Black Mammoth Metals Corp
V:BMM
|
$131.30 Million |
|
Israel Land Development Urban Renewal Ltd
TA:ILDR
|
$131.39 Million |
|
Panion & BF Biotech Inc
TW:1760
|
$131.42 Million |
|
Fate Therapeutics Inc
NASDAQ:FATE
|
$131.50 Million |
|
Greenland Resources Inc
NEO:MOLY
|
$131.13 Million |
|
KNJ Co. Ltd
KQ:272110
|
$131.08 Million |
|
Amulaire Thermal Technology
TW:2241
|
$131.00 Million |
|
First Farms A/S
CO:FFARMS
|
$130.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in QRF SCA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 123,587,000 to 159,862,000, a change of 36,275,000 (29.4%).
- Net income of 18,263,000 contributed positively to equity growth.
- Dividend payments of 6,554,000 reduced retained earnings.
- Other comprehensive income decreased equity by 126,999.
- Other factors increased equity by 24,692,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €18.26 Million | +11.42% |
| Dividends Paid | €6.55 Million | -4.1% |
| Other Comprehensive Income | €-127.00K | -0.08% |
| Other Changes | €24.69 Million | +15.45% |
| Total Change | €- | 29.35% |
Book Value vs Market Value Analysis
This analysis compares QRF SCA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.54x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | €22.73 | €10.30 | x |
| 2014-12-31 | €23.13 | €10.30 | x |
| 2015-12-31 | €30.45 | €10.30 | x |
| 2016-12-31 | €26.35 | €10.30 | x |
| 2017-12-31 | €25.78 | €10.30 | x |
| 2018-12-31 | €22.82 | €10.30 | x |
| 2019-12-31 | €18.21 | €10.30 | x |
| 2020-12-31 | €16.43 | €10.30 | x |
| 2021-12-31 | €16.02 | €10.30 | x |
| 2022-12-31 | €16.76 | €10.30 | x |
| 2023-12-31 | €15.43 | €10.30 | x |
| 2024-12-31 | €15.85 | €10.30 | x |
| 2025-12-31 | €19.10 | €10.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently QRF SCA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.42%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 126.17%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.80x
- Recent ROE (11.42%) is above the historical average (2.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -2.31% | -601.75% | 0.00x | 1.71x | €-9.15 Million |
| 2014 | 3.84% | 33.79% | 0.06x | 1.90x | €-4.67 Million |
| 2015 | 4.38% | 44.33% | 0.05x | 2.14x | €-5.87 Million |
| 2016 | 6.34% | 53.69% | 0.06x | 2.11x | €-4.50 Million |
| 2017 | 3.54% | 29.55% | 0.06x | 2.16x | €-8.71 Million |
| 2018 | 0.47% | 3.66% | 0.06x | 2.13x | €-12.32 Million |
| 2019 | -15.99% | -124.83% | 0.06x | 2.00x | €-33.28 Million |
| 2020 | -4.52% | -38.61% | 0.06x | 2.04x | €-17.06 Million |
| 2021 | 2.00% | 18.96% | 0.05x | 2.06x | €-9.31 Million |
| 2022 | 10.05% | 93.97% | 0.05x | 2.15x | €60.00K |
| 2023 | -2.06% | -16.29% | 0.06x | 2.13x | €-14.34 Million |
| 2024 | 8.84% | 79.01% | 0.06x | 1.81x | €-1.43 Million |
| 2025 | 11.42% | 126.17% | 0.05x | 1.80x | €2.28 Million |
Industry Comparison
This section compares QRF SCA's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $584,999,500
- Average return on equity (ROE) among peers: 7.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| QRF SCA (QRF) | €166.03 Million | -2.31% | 1.17x | $131.28 Million |
| Ascencio (D) (ASCE) | $287.62 Million | 7.84% | 0.85x | $361.94 Million |
| Retail Estates - Sicafi (RET) | $1.17 Billion | 10.47% | 0.81x | $972.21 Million |
| Vastned Retail Belgium (VASTB) | $199.59 Million | 6.09% | 0.69x | $478.89 Million |
| Wereldhav B-Sicafi (WEHB) | $678.43 Million | 5.98% | 0.44x | $631.16 Million |
About QRF SCA
Qrf Comm. VA is a publicly owned real estate investment trust. It invests in the real estate markets of Belgium. The firm specializes in retail properties. Qrf Comm. VA was founded in September 3, 2013 and is based in Belgium.