What QFS does

QFS is a privately held business and financial advisory boutique founded in 2015 and headquartered in Belgrade, Serbia, with a 7-person team led by Managing Partner Miloš Golić (former Group CFO with 13+ years of advisory experience) and Partner Ivan Djurovic. The firm delivers three integrated practice areas: Financial Advisory (controlling and reporting, budgeting and forecasting, FP&A, zero-based budgeting, financial restructuring, prepackaged bankruptcy filing, and finance function automation); Business Advisory (corporate finance and strategy, M&A and transactions, valuations, supply chain management, and startup support); and 'Staying Relevant' (organizational health, digital transformation, and ESG/sustainability transformations, including a dedicated QFSesg sub-brand). Services are delivered exclusively through direct, consultative engagements — typically multi-year contracts with quote-based pricing — targeting CFOs and finance leaders at mid-market and enterprise clients. Technology plays no productized role; the firm relies on standard BI, data analytics, and financial modeling software rather than proprietary platforms or AI/ML capabilities.

QFS has executed more than 100 projects over the past five years across South-East Europe, Scandinavia, DACH, Benelux, and the USA. Named enterprise clients span high-precision industrial engineering, energy/commodity trading, healthcare technology, biotech, and sustainable packaging, demonstrating cross-sector reach rather than vertical specialization. The firm positions its 'Agile Finance' delivery model — designed for real-time financial controlling across cross-border operations — as the primary differentiator, supplemented by senior leadership's direct experience in Group CFO and senior M&A roles. GTM is enterprise field-sales driven, with content marketing (blog, LinkedIn, newsletter) supporting top-of-funnel awareness. QFS is privately founder/partner-owned with no institutional investors or PE backing identified; in March 2026 it announced QFS LLC, a Delaware entity being established to formalize its US presence after 5+ years of remote North American client service.

Name

QFS

Legal name

QFS

Website

https://qfs.rs

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

QFS is a Belgrade-headquartered business and financial advisory boutique founded in 2015, serving CFOs and finance leaders at mid-market and enterprise clients across South-East Europe, Scandinavia, DACH, Benelux, and the USA with financial advisory, business advisory, and ESG/sustainability services delivered through direct multi-year engagements.

Ownership category

akta.pro rank

Product category

Financial Advisory Services

NAICS

Other Management Consulting Services (541618)

SIC

Services-Management Consulting Services (8742), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Outsourced Finance & CFO Services (BPAHABAE)

Keywords

• Financial advisory services
• Management consulting
• M&A advisory
• Financial restructuring
• ESG advisory

Headquarters

HQ city

Belgrade

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Financial Advisory Services: Comprehensive financial advisory including controlling and reporting, budgeting and forecasting, strategic planning, FP&A, KPIs and dashboards, business plans, zero-based budgeting, financial restructuring, prepackaged bankruptcy filing, and automation of finance function. Delivered as professional services engagements.
2. Business Advisory Services: Corporate finance and strategy, transformations and innovations, M&A advisory and transactions support, startup advisory, supply chain management, and valuations. Revenue generated through consulting engagements and advisory retainers.
3. ESG and Sustainability Services: Organizational health assessments, digital transformation advisory, and ESG and sustainability transformations and reporting. Newer service offerings as part of expanded portfolio.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

QFS is a boutique business and financial advisory firm that provides professional advisory engagements across three practice areas: Financial Advisory (controlling, reporting, budgeting, forecasting, FP&A, zero-based budgeting, financial restructuring, prepackaged bankruptcy filing, and finance function automation), Business Advisory (corporate finance, strategy, transformations, M&A transactions, valuations, supply chain management, and startup advisory), and Staying Relevant (organizational health, digital transformation, and ESG/sustainability advisory and reporting). Services are delivered as direct consulting engagements to mid-market and enterprise clients across SEE, Scandinavia, D-A-CH, Benelux, and the USA.

Product overview

QFS is a business and financial advisory firm founded in 2015 offering a unified service portfolio organized around three core practice areas: Financial Advisory, Business Advisory, and Staying Relevant services. The Financial Advisory practice provides controlling and reporting, budgeting and forecasting, strategic planning, FP&A, KPIs and dashboards, zero-based budgeting, financial restructuring, and automation of finance function. Business Advisory encompasses supply chain management, valuations and assessments, corporate finance and strategy, transformations and innovations, M&A transactions, and startup services. Staying Relevant covers organizational health assessments, digital technology adoption advisory, and ESG and sustainability transformations. The firm serves clients across SEE, Scandinavia, DACH, Benelux, and USA markets.

Differentiator

Problem solved

Functional benefit

Brands

• QFSesg: A set of ESG-related services including assessment for sustainability, advisory on business model redesign for sustainability and ESG, sustainability reporting, and sustainability investing intermediation.

Products and services

• Financial Advisory

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Kearney: Global management consulting firm with established operations and procurement/supply chain advisory practices. Comparable to QFS for its supply chain management advisory offering and broader corporate strategy work, though at much larger scale.
• Roland Berger: European-origin global management consulting firm with deep presence in DACH, Nordics, and SEE — directly overlapping with QFS's strongest European geographies. Comparable for corporate finance, strategy, and operations advisory work aimed at mid-market and large European clients.
• Big 4 Advisory (Deloitte / PwC / EY-Parthenon / KPMG): The Big 4 firms' advisory practices (including EY-Parthenon for transactions) offer overlapping M&A advisory, valuations, financial advisory, and ESG services. They represent the larger established players against which QFS competes with a boutique, senior-expertise-led value proposition.

Direct peers

• Alvarez & Marsal: Global professional services firm specializing in financial advisory, turnaround/restructuring, and interim CFO/management services. Closely comparable to QFS because both target CFO-level mandates — including financial restructuring, prepackaged bankruptcy (a QFS offering), and performance improvement — for mid-market and enterprise clients.
• Accordion: Boutique CFO advisory and finance consulting firm serving private equity-backed and mid-market companies with FP&A, controllership, and transaction support services. Highly comparable to QFS's finance-function outsourcing, controlling/reporting, and CFO-level advisory offering at boutique scale.
• The CFO Centre: Fractional and outsourced CFO services provider focused on SMEs and mid-market companies. Comparable to QFS for its finance-and-accounting function outsourcing and CFO-level advisory delivery, though The CFO Centre uses a more distributed fractional model rather than a partner-led boutique.
• Baringa Partners: Boutique consultancy specializing in financial services advisory, risk, and energy. Comparable to QFS for its mid-market CFO advisory positioning, sector breadth, and integrated business-and-finance advisory model, though with deeper sector specialization in financial services and energy.
• Cordence Worldwide: Global alliance of boutique management consulting firms providing cross-border strategy, M&A, and transformation advisory. Closely comparable to QFS for its mid-market focus, multi-region European and US delivery model, and partner-led boutique consulting approach.
• FTI Consulting: Publicly listed global advisory firm with a Corporate Finance & Restructuring segment. Directly comparable to QFS's financial advisory, M&A transactions, valuations, and business advisory offerings, with similar mid-market and cross-border engagement profile.
• Teneo: Global advisory firm providing CFO advisory, financial communications, and management consulting. Comparable to QFS for its CFO-suite positioning, financial restructuring capability, and integrated advisory model serving senior executives at mid-market and large companies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/qfs-dedicated-to-your-success

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about QFS