What does MANAGEMENT COMMUNICATION AND RESEARCH do?

MANAGEMENT COMMUNICATION AND RESEARCH is a property company in Schaarbeek. Public Limited, started on 8 July 1988, 1 establishment.

What is the address of MANAGEMENT COMMUNICATION AND RESEARCH?

The registered office of MANAGEMENT COMMUNICATION AND RESEARCH is located at Vergotesquare 18, 1030 Schaarbeek.

Is MANAGEMENT COMMUNICATION AND RESEARCH still active?

Yes. According to the CBE (1 October 2026) MANAGEMENT COMMUNICATION AND RESEARCH is active, legal situation “Normale toestand”, started on 8 July 1988.

Is MANAGEMENT COMMUNICATION AND RESEARCH registered on Peppol?

Yes, MANAGEMENT COMMUNICATION AND RESEARCH is registered on the Peppol network with ID 0208:0434808537.

What is the enterprise number of MANAGEMENT COMMUNICATION AND RESEARCH?

The enterprise number of MANAGEMENT COMMUNICATION AND RESEARCH is BE0434808537.

When was MANAGEMENT COMMUNICATION AND RESEARCH founded?

MANAGEMENT COMMUNICATION AND RESEARCH was founded on 8 July 1988.

Who are the directors of MANAGEMENT COMMUNICATION AND RESEARCH?

According to the 2025 annual accounts, the directors of MANAGEMENT COMMUNICATION AND RESEARCH are: LOLA MADRENAS, PERRINE MADRENAS, ROBERT MADRENAS, MARIE MADRENAS.

Is MANAGEMENT COMMUNICATION AND RESEARCH a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 8 July 1988; 4 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did MANAGEMENT COMMUNICATION AND RESEARCH make in 2025?

MANAGEMENT COMMUNICATION AND RESEARCH posted a profit after taxes of € 122,257 in financial year 2025.

What is the revenue of MANAGEMENT COMMUNICATION AND RESEARCH?

As a small company, MANAGEMENT COMMUNICATION AND RESEARCH is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 571,900.

MANAGEMENT COMMUNICATION AND RESEARCH (Public Limited)

Dossier MANAGEMENT COMMUNICATION AND RESEARCH, printed on 1 October 2026 from databakkes.be/en/0434808537/management-communication-and-research. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

MANAGEMENT COMMUNICATION AND RESEARCH from Schaarbeek, company number BE0434808537, closed financial year 2025 with a result of € 122,257 after tax. For that financial year MANAGEMENT COMMUNICATION AND RESEARCH recorded a gross margin of € 571,900 and equity of € 1.1 million. Compared with financial year 2024, the result moved from € -60,036 to € 122,257. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 23, 2025.

What it is worth Growing

€ 1.1 million

▲ 12% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 122,257

▲ still € 60,036 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 80,665

▼ 70% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € -73,345.

People and assets in 2025

Vehicles and equipment

€ 20,648

▼ 13% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 15 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 2.8 million

▲ 27% vs 2024

€ 193,233 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.

Owed to suppliers

€ 14,313

▲ 12% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 8,755

▼ 16% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

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Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 689,729 Gross margin 2022: € 689,729 First fiscal year in the series	€ 590,244 Gross margin 2023: € 590,244 ▼ 14% vs 2022 (€ 689,729) Unfavourable step	€ 178,540 Gross margin 2024: € 178,540 ▼ 70% vs 2023 (€ 590,244) Unfavourable step	€ 571,900 Gross margin 2025: € 571,900 ▲ 220% vs 2024 (€ 178,540) Favourable step	▲ 220%
Profit after taxes	€ 241,859 Profit after taxes 2022: € 241,859 First fiscal year in the series	€ 247,832 Profit after taxes 2023: € 247,832 ▲ 2% vs 2022 (€ 241,859) Favourable step	€ -60,036 Profit after taxes 2024: € -60,036 ▼ € 307,868 vs 2023 (€ 247,832) Unfavourable step	€ 122,257 Profit after taxes 2025: € 122,257 ▲ € 182,293 vs 2024 (€ -60,036) Favourable step	▲ € 182,293
Equity	€ 831,368 Equity 2022: € 831,368 First fiscal year in the series	€ 1,079,200 Equity 2023: € 1,079,200 ▲ 30% vs 2022 (€ 831,368) Favourable step	€ 1,019,164 Equity 2024: € 1,019,164 ▼ 6% vs 2023 (€ 1,079,200) Unfavourable step	€ 1,141,420 Equity 2025: € 1,141,420 ▲ 12% vs 2024 (€ 1,019,164) Favourable step	▲ 12%
Total debts	€ 2,892,726 Total debts 2022: € 2,892,726 First fiscal year in the series	€ 2,346,255 Total debts 2023: € 2,346,255 ▼ 19% vs 2022 (€ 2,892,726) Favourable step	€ 2,236,612 Total debts 2024: € 2,236,612 ▼ 5% vs 2023 (€ 2,346,255) Favourable step	€ 2,828,071 Total debts 2025: € 2,828,071 ▲ 26% vs 2024 (€ 2,236,612) Unfavourable step	▲ 26%
Cash	€ 339,323 Cash 2022: € 339,323 First fiscal year in the series	€ 306,888 Cash 2023: € 306,888 ▼ 10% vs 2022 (€ 339,323) Unfavourable step	€ 266,886 Cash 2024: € 266,886 ▼ 13% vs 2023 (€ 306,888) Unfavourable step	€ 80,665 Cash 2025: € 80,665 ▼ 70% vs 2024 (€ 266,886) Unfavourable step	▼ 70%
Land & buildings	€ 3,924,166 Land & buildings 2022: € 3,924,166 First fiscal year in the series	€ 3,732,701 Land & buildings 2023: € 3,732,701 ▼ 5% vs 2022 (€ 3,924,166) Unchanged	€ 3,558,919 Land & buildings 2024: € 3,558,919 ▼ 5% vs 2023 (€ 3,732,701) Unchanged	€ 4,510,856 Land & buildings 2025: € 4,510,856 ▲ 27% vs 2024 (€ 3,558,919) Unchanged	▲ 27%
Retained profit	€ -502,540 Retained profit 2022: € -502,540 First fiscal year in the series	€ -214,995 Retained profit 2023: € -214,995 ▲ € 287,545 vs 2022 (€ -502,540) Favourable step	€ -235,318 Retained profit 2024: € -235,318 ▼ € 20,323 vs 2023 (€ -214,995) Unfavourable step	€ -73,345 Retained profit 2025: € -73,345 ▲ € 161,973 vs 2024 (€ -235,318) Favourable step	▲ € 161,973
Bank debt	€ 2,811,335 Bank debt 2022: € 2,811,335 First fiscal year in the series	€ 2,329,154 Bank debt 2023: € 2,329,154 ▼ 17% vs 2022 (€ 2,811,335) Favourable step	€ 2,212,876 Bank debt 2024: € 2,212,876 ▼ 5% vs 2023 (€ 2,329,154) Favourable step	€ 2,804,385 Bank debt 2025: € 2,804,385 ▲ 27% vs 2024 (€ 2,212,876) Unfavourable step	▲ 27%
Balance sheet total	€ 4,297,740 Balance sheet total 2022: € 4,297,740 First fiscal year in the series	€ 4,070,842 Balance sheet total 2023: € 4,070,842 ▼ 5% vs 2022 (€ 4,297,740) Unchanged	€ 3,863,406 Balance sheet total 2024: € 3,863,406 ▼ 5% vs 2023 (€ 4,070,842) Unchanged	€ 4,616,605 Balance sheet total 2025: € 4,616,605 ▲ 19% vs 2024 (€ 3,863,406) Unchanged	▲ 19%

Key figures of MANAGEMENT COMMUNICATION AND RESEARCH, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

What happened to MANAGEMENT COMMUNICATION AND RESEARCH?

What happened at MANAGEMENT COMMUNICATION AND RESEARCH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2026 LOLA MADRENAS stepped down as director. NBB
2026 PERRINE MADRENAS stepped down as director. NBB
2026 ROBERT MADRENAS stepped down as director. NBB
2026 MARIE MADRENAS stepped down as director. NBB
Dec 23, 2025 New annual accounts for financial year 2025: profit of € 122,257. Source: NBB ↗
2020 LOLA MADRENAS became a director. NBB
2020 PERRINE MADRENAS became a director. NBB
2020 ROBERT MADRENAS became a director. NBB

In short

From € 241,859 profit in 2022 to € 122,257 profit in 2025.

Paid € 21,632 in corporate taxes since 2022.

Best year ever: 2023, with € 247,832 profit.

Original PDFs at the National Bank ↗

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De Lijn 8 June 2026 New annual account 2025

filed on 8 June 2026

What was left

€ 20 k ▼ 91%
Money in the bank

€ 178 k ▼ 98%

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NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit

Real filings at the National Bank

Management

Directors

According to the 2025 annual accounts

LOLA MADRENAS

Director

since 2020 · until 2026

PERRINE MADRENAS

Director

since 2020 · until 2026

ROBERT MADRENAS

Managing director

since 2020 · until 2026

MARIE MADRENAS

Director

since 2020 · until 2026

Establishments

Establishment units

Physical locations of this company

Registered office

Vergotesquare 18

1030 Schaarbeek

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0434.808.537
VAT number: BE 0434.808.537
Registered office: Vergotesquare 18, 1030 Schaarbeek
Names & denominations: MANAGEMENT COMMUNICATION AND RESEARCH · M.C.R.
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 8 July 1988
Peppol: Active · Active since 28 Oct 2025
Activities · NACE: Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

View on CBE Public ↗ Annual accounts (NBB) ↗

MANAGEMENT COMMUNICATION AND RESEARCH

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Financials

What happened to MANAGEMENT COMMUNICATION AND RESEARCH?

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Management

Directors

Establishments

Establishment units

Details

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