Master Data Partners
ActiveMaster Data Partners has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-833k) and a net result of €-102k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1413 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth55=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.22 in 2024; short-term debt: 426% and cash: 3.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-326.1%
Return on assets
-39.8%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-833k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
24 d late
2024
26 d late
2023
20 d early
2022
3 d late
2021
4 d late
2020
19 d early
2019
22 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€816k▲ 7.0%
2024 · €763k
2021: €347k
2022: €844k
2023: €943k
2024: €763k
2021 → 2025
EBIT margin
-5.9%▲ 34.7pp
2024 · -40.6%
2021: -7.6%
2022: -24.1%
2023: -15.3%
2024: -40.6%
2021 → 2025
Net result
€-102k▲ 71.5%
2024 · €-356k
2019: €-11k
2020: €-6k
2021: €-29k
2022: €-215k
2023: €-175k
2024: €-356k
2019 → 2025
Working capital
€-834k▼ 13.4%
2024 · €-735k
2019: €50k
2020: €44k
2021: €-69k
2022: €-251k
2023: €-404k
2024: €-735k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€347k-€844k▲ 143%€943k▲ 11.8%€763k▼ 19.1%€816k▲ 7.0%
Equity€15k-€-200k€-375k▼ 87.4%€-731k▼ 94.9%€-833k▼ 13.9%
Operating result€-26k-€-203k▼ 668%€-144k▲ 29.1%€-310k▼ 115%€-48k▲ 84.5%
Net result€-29k-€-215k▼ 646%€-175k▲ 18.7%€-356k▼ 103%€-102k▲ 71.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €48k in 2025 against €310k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €255k
Fixed assets
€1k▼ 73.6%
Current assets
€254k▲ 21.7%
Key figures and ratios
EBITDA
€-45k▲
2024 · €-287k
Cash flow
€-99k▲
2024 · €-333k
Solvency
-326.1%▲
2024 · -343.2%
Current ratio
0.23▲
2024 · 0.22
Quick ratio
0.23▲
2024 · 0.22
Debt / equity
-1.31▼
2024 · -1.29
ROA
-39.8%▲
2024 · -167.1%
Interest coverage
-0.86▲
2024 · -6.37
Debt
€1.09M▲
2024 · €944k
Debt ≤ 1 year
€1.09M▲
2024 · €944k
Income taxes
€934▼
2024 · €1k
Staff costs
€355k▼
2024 · €509k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€213k€255k▲
Fixed assets21/28€4k€1k▼
Intangible fixed assets21€1k-
Tangible fixed assets22/27€3k€1k▼
Plant, machinery and equipment23€3k€1k▼
Current assets29/58€209k€254k▲
Amounts receivable within one year40/41€189k€242k▲
Trade receivables40€187k€242k▲
Other amounts receivable41€2k-
Cash at bank and in hand54/58€16k€8k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€213k€255k▲
Equity10/15€-731k€-833k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-793k€-895k▼
Provisions and deferred taxes16-€153
Provisions for liabilities and charges160/5-€153
Pensions and similar obligations160-€153
Amounts payable17/49€944k€1.09M▲
Amounts payable within one year42/48€944k€1.09M▲
Trade debts44€94k€114k▲
Suppliers440/4€94k€114k▲
Taxes, remuneration and social security45€65k€44k▼
Taxes450/3€14k€9k▼
Remuneration and social security454/9€52k€35k▼
Other amounts payable47/48€786k€931k▲
Income statement
Code20242025
Turnover70€763k€816k▲
Non-recurring operating income76A€26k€82▼
Goods, raw materials, services and sundry goods60/61€592k€517k▼
Remuneration, social security and pensions62€509k€355k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€3k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€153
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€419€77▼
Gross operating margin9900€225k€312k▲
Operating profit (loss)9901€-310k€-48k▲
Financial income75/76B€2€1▼
Recurring financial income75€2€1▼
Financial charges65/66B€45k€53k▲
Recurring financial charges65€45k€53k▲
Profit (loss) for the period before taxes9903€-355k€-101k▲
Income taxes67/77€1k€934▼
Profit (loss) for the period9904€-356k€-102k▲
Profit (loss) for the period to be appropriated9905€-356k€-102k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-793k€-895k▼
Profit (loss) brought forward from the previous period14P€-437k€-793k▼
Social balance
Average headcount (FTE)90876.64.3▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €-356k
Net result drops to €-356k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Veldkant 33 A2550 KontichGround area
3,333 m²
Building footprint
933 m²
Volume, LiDAR
7,846 m³
Parcel 11024B0079/00F000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Master Data Partners
since 20182.275.149.747
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0079/00F000 | Flanders | 3,333 m² | 1 · 932 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,598 EUR awarded · 1,598 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,598 EUR | 1,598 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 11,681 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-02-2018
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.