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 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
I-MADRAS from Antwerpen, company number BE0721591908, closed financial year 2025 with a result of € 38,366 after tax. For that financial year I-MADRAS recorded a gross margin of € 110,345 and equity of € 235,047. Compared with financial year 2024, the result moved from € 29,885 to € 38,366. 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 August 31, 2026.
€ 235,047
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 38,366
▲ 28% vs 2024
Profit after tax over the fiscal year.
€ 63,838
▲ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 38,355 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 768,642
▼ 10% vs 2024
€ 82,177 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 1,734
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 96,447 | € 74,265 | € 101,563 | € 110,345 | ▲ 9% |
| Profit after taxes | € 34,753 | € 9,246 | € 29,885 | € 38,366 | ▲ 28% |
| Equity | € 225,455 | € 234,701 | € 235,036 | € 235,047 | |
| Total debts | € 1,190,737 | € 1,151,192 | € 1,105,778 | € 1,072,182 | ▼ 3% |
| Cash | € 49,576 | € 69,543 | € 57,934 | € 63,838 | ▲ 10% |
| Land & buildings | € 1,351,380 | € 1,308,160 | € 1,264,940 | € 1,221,720 | ▼ 3% |
| Retained profit | € 206,855 | € 216,101 | € 216,436 | € 216,447 | |
| Dividend | € 0 | € 0 | € 29,550 | € 38,355 | ▲ 30% |
| Bank debt | € 1,008,171 | € 929,478 | € 849,641 | € 768,642 | ▼ 10% |
| Balance sheet total | € 1,416,193 | € 1,385,893 | € 1,340,814 | € 1,307,229 | ▼ 3% |
Key figures of I-MADRAS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to I-MADRAS?
What happened at I-MADRAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 38,366 (▲ 28% vs 2024). filed late Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 34,753 profit in 2022 to € 38,366 profit in 2025.
Paid € 3,486 in corporate taxes since 2022.
Best year ever: 2025, with € 38,366 profit.
Paid out € 67,905 in dividends to the owners in total.
A new publication or filing at I-MADRAS? We notify you, reason included.
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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%
Open the dossier →
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
Management
The stake of CHRISTOF BORMS ADVOCAAT, JORNE ADRIAENSENS ADVOCAAT, STEFAN BOSCHMANS - ADVOCAAT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
I-MADRASBehind I-MADRAS are Christof Borms Advocaat BV, Jorne Adriaensens Advocaat BV and Stefan Boschmans Advocaat BV. The shares are held by CHRISTOF BORMS ADVOCAAT (33.3%), JORNE ADRIAENSENS ADVOCAAT (33.3%) and STEFAN BOSCHMANS - ADVOCAAT (33.3%).
Directors
According to the 2025 annual accounts
Director · represented by Christof Borms
Also active at: Roosendaal Keyzer Advocaten
Director · represented by Jorne Adriaensens
Also active at: Roosendaal Keyzer Advocaten
Director · represented by Stefan Boschmans
Also active at: Roosendaal Keyzer Advocaten
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Madrasstraat 70 box 1.01
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Cosco Shipping Lines (Belgium)
€ 10 million revenue · 2025
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€ 2 million gross margin · 2025
Roosendaal Keyzer Advocaten same network
€ 321,721 gross margin · 2025
RKBA CVBA
MILLAU
€ -56,632 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0721.591.908
- VAT number
- BE 0721.591.908
- Registered office
- Madrasstraat 70 bus 1.01, 2000 Antwerpen
- Names & denominations
- I-MADRAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 February 2019
- Peppol
- Active · Active since 11 Jan 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen