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Complete company report
Generated 12-08-2026
Active BE 0769.915.229Public limited company

District I

Vandenbrandenstraat 1 ·1000 Brussel, Belgium· 5 yrs active
Sector: Handel in eigen onroerend goed (68110)
Conclusion Checked

The computed 12-month bankruptcy probability of District I is 1.2% (low). The 2024 annual accounts show equity of €1k and a net result of €-367k. Equity is shrinking by ~88.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 26% of 776 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €1k
Net result €-367k
Staff (FTE) 1
Better than sector 26%
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health10Profitability0Solvency0Growth58Stability94
32 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 10
Profitability 0
Solvency 0
Growth 58
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
1.2% Low
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate region +Lower-failure-rate sector −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2024 · computed
10 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · volledig
€-800k€-600k€-400k€-200k€0Operating result 2022: €-418k€-418kNet result 2022: €-483k€-483kOperating result 2023: €-243k€-243kNet result 2023: €-614k€-614kOperating result 2024: €-20k€-20kNet result 2024: €-367k€-367k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining At this pace, equity would indicatively turn negative around fiscal year 2025, assuming unchanged policy.
€-1.00M€-500k€0€500k2025: €-323k (€-323k - €-323k)2026: €-647k (€-647k - €-647k)2027: €-971k (€-971k - €-971k)2022: €649k2023: €368k2024: €1k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 0.0% 16.5%
better than 26% of 776 sector peers
Net result €-367k €-2k
better than 9% of 774 sector peers
Equity €1k €136k
better than 26% of 776 sector peers
Gross operating margin €449k €45k
better than 85% of 609 sector peers
Staff costs €32k €80k
higher than 30% of 133 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€359k
+683.2% 22-24
Net profit
€-367k
+40.3% 22-24
Cash flow
€13k
- 22-24
Total assets
€7.42M
+1.4% 22-24
Equity
€1k
-99.7% 22-24
Working capital
€-1.58M
+69.9% 22-24
Employees (FTE)
1
0.0% 22-24
Staff costs
€32k
+63.9% 22-24
Debt
€7.42M
+6.7% 22-24
Debt ≤ 1y
€1.65M
-68.5% 22-24
Debt > 1y
€5.63M
+244.2% 22-24
Current ratio
0.04
+3033.2% 22-24
Quick ratio
0.04
+3033.2% 22-24
Solvency
0.0%
-99.7% 22-24
Debt / equity
6226.36
+32845.4% 22-24
ROE
-30773.2%
-18341.3% 22-24
ROA
-4.9%
+41.1% 22-24
Interest coverage
1.04
+738.9% 22-24
Figures by fiscal year
Fiscal year2024
Depositvolledig
Revenue-
EBITDA€359k
Net profit€-367k
Cash flow€13k
Staff costs€32k
Income taxes-
Dividends-
Total assets€7.42M
Equity€1k
Debt€7.42M
of which ≤ 1y€1.65M
of which > 1y€5.63M
Working capital€-1.58M
Employees (FTE)1.0
Ratios (computed)
2024
Current ratio0.04
Quick ratio0.04
Working capital ratio-21.3%
Solvency0.0%
Debt / equity6226.36
Long-term debt ratio4721.86
Interest coverage1.04
Gross margin-
Net margin-
ROA-4.9%
ROE-30773.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€7.42M
Fixed assets 21/28€7.34M
Formation expenses 20€1k
Tangible fixed assets 22/27€7.34M
Current assets 29/58€73k
Amounts receivable within one year 40/41€15k
Cash & bank 54/58€50k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€7.42M
Equity 10/15€1k
Contributions / capital 10/11€1.46M
Accumulated profits (losses) 14€-1.46M
Amounts payable 17/49€7.42M
Amounts payable after one year 17€5.63M
Amounts payable within one year 42/48€1.65M
Trade debts payable within one year 44€10k
Income statement
Gross operating margin 9900€449k
Operating result 9901€-20k
Financial income 75€87
Financial charges 65€347k
Result before taxes 9903€-367k
Net result for the period 9904€-367k
Result to be appropriated 9905€-367k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Handel in eigen onroerend goed(68110)
Legal form Public limited company(014)
Incorporation21-06-2021
StatusActive
Postal code1000
Establishment units 1 location
Vandenbrandenstraat 1, 1000 Brussel
Ontwikkeling van residentiële bouwprojecten
since 20212.320.704.115
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21811M0168/00F002 Brussels 807 m² 1 · 702 m² 17.9 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
30-09-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
05-08-2025
State Gazette act Capital & shares
Kim LAGAE
2024
30-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
01-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
22-06-2023
State Gazette act Capital & shares
Kim LAGAE
2022
06-05-2022
State Gazette act Capital & shares
Kim Lagae
Belgisch Staatsblad, acts 3 acts
Capital history · 3
05-08-2025
Capital change
22-06-2023
Capital change
06-05-2022
Capital change
All acts · 3 updated 1 year ago
2025
05-08-2025 Capital increase of €196,200 to €1,660,300 Capital & shares·Kim LAGAE
  • €1.464.100 → €1.660.300
  • Inbreng in geld · Apport en numéraire
Notary: Kim LAGAE · Bruxelles
Technical details 
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      "after_eur": 1660300.0,
      "delta_eur": 196200.0,
      "before_eur": 1464100.0,
      "share_emission": {
        "agio_eur": null,
        "share_form": "no_nominal_value",
        "share_class": "B",
        "n_new_shares": 1308,
        "with_new_shares": true,
        "nominal_value_eur": null,
        "issue_price_per_share_eur": 150.0
      },
      "decrease_purpose": null,
      "contribution_type": "geld",
      "paid_up_delta_eur": 196200.0,
      "n_shares_destroyed": null,
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    {
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      },
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    }
  ],
  "notary": {
    "name": "Kim LAGAE",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2025-08-05",
    "filing_date": "2025-08-01",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2025-07-31",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": null
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0769.915.229",
    "name_full": "District I",
    "legal_form": "Soci\u00E9t\u00E9 anonyme",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": null,
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "expedition conforme de l\u2019acte",
    "procurations",
    "rapport \u00E9tabli par l\u2019organe d\u2019administration conform\u00E9ment \u00E0 l\u2019article 7 :155 du Code des soci\u00E9t\u00E9s et des associations",
    "coordination des statuts"
  ],
  "shareholders_after": [],
  "share_classes_after": [
    {
      "n_shares": 2500,
      "class_name": "A",
      "capital_share_eur": null,
      "voting_rights_per_share": 1.0
    },
    {
      "n_shares": 13902,
      "class_name": "B",
      "capital_share_eur": null,
      "voting_rights_per_share": 1.0
    }
  ]
}
2023
22-06-2023 Capital increase of €332,100 to €1,464,100 Capital & shares·Kim LAGAE
  • €1.132.000 → €1.464.100
  • Inbreng in geld · Apport en numéraire
Notary: Kim LAGAE · Bruxelles
Technical details 
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      "delta_eur": 332100.0,
      "before_eur": 1132000.0,
      "share_emission": {
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        "share_form": "no_nominal_value",
        "share_class": "B",
        "n_new_shares": 2214,
        "with_new_shares": true,
        "nominal_value_eur": null,
        "issue_price_per_share_eur": 150.0
      },
      "decrease_purpose": null,
      "contribution_type": "geld",
      "paid_up_delta_eur": 332100.0,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
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      "decrease_purpose": null,
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      "not_yet_called_eur": null,
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      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": "Kim LAGAE",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2023-06-22",
    "filing_date": "2023-06-20",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2023-06-13",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": null
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0769.915.229",
    "name_full": "District I",
    "legal_form": "Soci\u00E9t\u00E9 anonyme",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "expedition conforme de l\u2019acte",
    "procurations",
    "rapport \u00E9tabli par l\u2019organe d\u2019administration",
    "rapport \u00E9tabli par l\u2019expert-comptable externe",
    "coordination des statuts"
  ],
  "shareholders_after": [],
  "share_classes_after": [
    {
      "n_shares": 2500,
      "class_name": "A",
      "capital_share_eur": null,
      "voting_rights_per_share": 1.0
    },
    {
      "n_shares": 12594,
      "class_name": "B",
      "capital_share_eur": null,
      "voting_rights_per_share": 1.0
    }
  ]
}
2022
06-05-2022 Capital increase of €432,000 to €1,132,000 Capital & shares·Kim Lagae
  • €700.000 → €1.132.000
  • Inbreng in geld · Apport en numéraire
Notary: Kim Lagae · Bruxelles
Technical details 
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      "kind": "capital_increase",
      "after_eur": 1132000.0,
      "delta_eur": 432000.0,
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        "n_new_shares": 2880,
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      },
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    "name": "Kim Lagae",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2022-05-06",
    "filing_date": "2022-05-04",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
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    "act_date": "2022-04-19",
    "unanimous": null,
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  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0769.915.229",
    "name_full": "District I",
    "legal_form": "Soci\u00E9t\u00E9 anonyme",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
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  },
  "co_filed_documents": [
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    "procurations",
    "rapport \u00E9tabli par l\u0027organe d\u0027administration",
    "rapport \u00E9tabli par l\u0027expert-comptable externe",
    "coordination des statuts"
  ],
  "shareholders_after": [],
  "share_classes_after": [
    {
      "n_shares": 12880,
      "class_name": "actions avec droit de vote",
      "capital_share_eur": 1132000.0,
      "voting_rights_per_share": 1.0
    }
  ]
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201
Primary activity highlighted.
Names & trade names
Legal nameFR District I
Registered office
Vandenbrandenstraat 1
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative