What is the address of MD-ASSOCIATES?

The registered office of MD-ASSOCIATES is located at Meibloemstraat(P.E.) 14, 7850 Enghien.

Is MD-ASSOCIATES still active?

Yes. According to the CBE (31 October 2026) MD-ASSOCIATES is active, legal situation “Normale toestand”, started on 23 June 2009.

Is MD-ASSOCIATES registered on Peppol?

Yes, MD-ASSOCIATES is registered on the Peppol network with ID 0208:0816560945.

What is the enterprise number of MD-ASSOCIATES?

The enterprise number of MD-ASSOCIATES is BE0816560945.

When was MD-ASSOCIATES founded?

MD-ASSOCIATES was founded on 23 June 2009.

Who are the directors of MD-ASSOCIATES?

According to the 2025 annual accounts, the directors of MD-ASSOCIATES are: Nadine Masy.

Is MD-ASSOCIATES a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 23 June 2009; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did MD-ASSOCIATES make in 2025?

MD-ASSOCIATES posted a profit after taxes of € 14,660 in financial year 2025.

What is the revenue of MD-ASSOCIATES?

As a small company, MD-ASSOCIATES is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 52,836.

MD-ASSOCIATES (Private Limited) - Enghien - BE0816560945

Q: What does MD-ASSOCIATES do?

MD-ASSOCIATES is registered with the CBE as active in: Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten. Private Limited, started on 23 June 2009, 1 establishment.

Dossier MD-ASSOCIATES, printed on 31 October 2026 from databakkes.be/en/0816560945/md-associates. 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.

Negative equity NBB

More debt than assets in 4 of the last 4 fiscal years.
Tight liquidity NBB

Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

MD-ASSOCIATES from Enghien, company number BE0816560945, closed financial year 2025 with a result of € 14,660 after tax. For that financial year MD-ASSOCIATES recorded a gross margin of € 52,836 and equity of € -143,695. Compared with financial year 2024, the result moved from € -580 to € 14,660. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.

What it is worth Caution

€ -143,695

▲ € 14,660 vs 2024

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

Profit Growing

€ 14,660

▲ still € 580 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 14,782

▲ 19% 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 € -163,695.

People and assets in 2025

Full-time equivalents estimate The annual accounts report no full-time equivalents. A micro company with one active director is usually run by that person; this is an assumption, not a figure from the source.

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Debts at end 2025

Bank debt ≈ 7 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.

€ 436,784

▼ 7% vs 2024

€ 63,461 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 2,071

▲ € 1,712 vs 2024

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

Taxes

€ 1,947

▲ 38% vs 2024

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

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 45,229 Gross margin 2022: € 45,229 First fiscal year in the series	€ 45,543 Gross margin 2023: € 45,543 ▲ 1% vs 2022 (€ 45,229) Favourable step	€ 40,285 Gross margin 2024: € 40,285 ▼ 12% vs 2023 (€ 45,543) Unfavourable step	€ 52,836 Gross margin 2025: € 52,836 ▲ 31% vs 2024 (€ 40,285) Favourable step	▲ 31%
Profit after taxes	€ 10,854 Profit after taxes 2022: € 10,854 First fiscal year in the series	€ 7,885 Profit after taxes 2023: € 7,885 ▼ 27% vs 2022 (€ 10,854) Unfavourable step	€ -580 Profit after taxes 2024: € -580 ▼ € 8,465 vs 2023 (€ 7,885) Unfavourable step	€ 14,660 Profit after taxes 2025: € 14,660 ▲ € 15,240 vs 2024 (€ -580) Favourable step	▲ € 15,240
Equity	€ -165,660 Equity 2022: € -165,660 First fiscal year in the series	€ -157,775 Equity 2023: € -157,775 ▲ € 7,885 vs 2022 (€ -165,660) Favourable step	€ -158,355 Equity 2024: € -158,355 Unchanged (€ -157,775) Unfavourable step	€ -143,695 Equity 2025: € -143,695 ▲ € 14,660 vs 2024 (€ -158,355) Favourable step	▲ € 14,660
Total debts	€ 502,733 Total debts 2022: € 502,733 First fiscal year in the series	€ 505,685 Total debts 2023: € 505,685 ▲ 1% vs 2022 (€ 502,733) Unfavourable step	€ 473,506 Total debts 2024: € 473,506 ▼ 6% vs 2023 (€ 505,685) Favourable step	€ 442,981 Total debts 2025: € 442,981 ▼ 6% vs 2024 (€ 473,506) Favourable step	▼ 6%
Cash	€ 25,177 Cash 2022: € 25,177 First fiscal year in the series	€ 25,097 Cash 2023: € 25,097 Unchanged (€ 25,177) Unfavourable step	€ 12,409 Cash 2024: € 12,409 ▼ 51% vs 2023 (€ 25,097) Unfavourable step	€ 14,782 Cash 2025: € 14,782 ▲ 19% vs 2024 (€ 12,409) Favourable step	▲ 19%
Land & buildings	€ 239,200 Land & buildings 2022: € 239,200 First fiscal year in the series	€ 233,967 Land & buildings 2023: € 233,967 ▼ 2% vs 2022 (€ 239,200) Unchanged	€ 226,152 Land & buildings 2024: € 226,152 ▼ 3% vs 2023 (€ 233,967) Unchanged	€ 221,937 Land & buildings 2025: € 221,937 ▼ 2% vs 2024 (€ 226,152) Unchanged	▼ 2%
Retained profit	€ -185,660 Retained profit 2022: € -185,660 First fiscal year in the series	€ -177,775 Retained profit 2023: € -177,775 ▲ € 7,885 vs 2022 (€ -185,660) Favourable step	€ -178,355 Retained profit 2024: € -178,355 Unchanged (€ -177,775) Unfavourable step	€ -163,695 Retained profit 2025: € -163,695 ▲ € 14,660 vs 2024 (€ -178,355) Favourable step	▲ € 14,660
Bank debt	€ 500,585 Bank debt 2022: € 500,585 First fiscal year in the series	€ 498,566 Bank debt 2023: € 498,566 Unchanged (€ 500,585) Favourable step	€ 469,874 Bank debt 2024: € 469,874 ▼ 6% vs 2023 (€ 498,566) Favourable step	€ 436,784 Bank debt 2025: € 436,784 ▼ 7% vs 2024 (€ 469,874) Favourable step	▼ 7%
Balance sheet total	€ 337,073 Balance sheet total 2022: € 337,073 First fiscal year in the series	€ 347,909 Balance sheet total 2023: € 347,909 ▲ 3% vs 2022 (€ 337,073) Unchanged	€ 315,150 Balance sheet total 2024: € 315,150 ▼ 9% vs 2023 (€ 347,909) Unchanged	€ 299,285 Balance sheet total 2025: € 299,285 ▼ 5% vs 2024 (€ 315,150) Unchanged	▼ 5%

Key figures of MD-ASSOCIATES, 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 MD-ASSOCIATES?

What happened at MD-ASSOCIATES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 22, 2026 New annual accounts for financial year 2025: profit of € 14,660. Source: NBB ↗
2009 Nadine Masy became a director. NBB
Jun 23, 2009 New establishment in Enghien. KBO
Jun 23, 2009 Start of the company according to the CBE. KBO

In short

From € 10,854 profit in 2022 to € 14,660 profit in 2025.

Best year ever: 2025, with € 14,660 profit.

Original PDFs at the National Bank ↗

Management

Nadine Masy

MD-ASSOCIATES

MASY NADINE

Behind MD-ASSOCIATES is Nadine Masy. Nadine Masy is also behind MASY NADINE.

Directors

According to the 2025 annual accounts

Nadine Masy

Director

Also active at: MASY NADINE

since 2009

Establishments

Establishment units

Physical locations of this company

Registered office

Meibloemstraat(P.E.) 14

7850 Enghien

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

Details

Company number

0816.560.945

VAT number

BE 0816.560.945

Registered office

Meibloemstraat(P.E.) 14, 7850 Enghien

Names & denominations

MD-ASSOCIATES

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

23 June 2009

Peppol

Active · Active since 3 Oct 2025

Activities · NACE

Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten

Gegevensverwerking, webhosting en aanverwante activiteiten

Overige diensten op het gebied van informatietechnologie en computer

Ontwerpen van computerprogramma’s

Ontwerpen en programmeren van computerprogramma's

View on CBE Public ↗ Annual accounts (NBB) ↗

MD-ASSOCIATES

Warning lights

Financials

What happened to MD-ASSOCIATES?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions