Turnover
≈ €200,000 estimated
The micro format states no turnover.
District3
Overview
Lifetime
1 annual account with figurespeak €118,769 (2025)
€118,769
peak €22,845 (2025)
€22,845
peak €340,845 (2025)
€340,845
€1.8m
Board3 names since 2024
1 directorVANHOEGAERDEN David Julien Anna
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Incorporation 02-01First year with figures
Key points
from the 2025 annual accountsChecked score
91
Excellent
Financially stronger than 32% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 0.4%
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026highest value
07-2026: 0.4%● unchanged vs 06-2026highest value
08-2026: 0.1%▼ -0.3 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.61, cash €9,436
lowers risk
Size: total assets €2.2m
Sector: Activities of head offices; management consultancy activities (NACE 70)
Figures for financial year 2025 (filed on 30-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 18% of them on solvency, 50% on liquidity and 29% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,107 companies had the same profile as District3 has now. Each dot stands for 31 companies, two years later.
97.3%
were still trading
1.4%
stopped another way
1.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of District3 itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,107 companies, not a prediction for District3. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is insufficient, with a current ratio of 0.61, below 1. Short-term debt is 4.6% and cash 0.4% of total assets. 84.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 39368 sector peers (2025).
NBB · sector comparisonPosition among 39368 sector peers
Solvency
better than 20%
← weakest
strongest →
raises risk · Young company
Founded in 2024, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
1 day early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- SANTERMANS Caroline Paula 500 sharesdeed of 02-01-2025
- VANHOEGAERDEN David Julien Anna 500 sharesdeed of 02-01-2025
Recent changes
Resignation: CarolineSANTERMANS (director)
General meeting of 23-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1018041229
Incorporation
Founding capital of €318,000, 1,000 shares · Founders: SANTERMANS Caroline Paula and VANHOEGAERDEN David Julien Anna · Appointments: SANTERMANS Caroline Paula (director) and VANHOEGAERDEN David Julien Anna (director) · published on 02-01-2025 · Gazette deed
First establishment
Muntelbeekstraat 30, Hasselt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| District3 Hasselt | €2.2m | €118,769 | 15.7% | - |
| VAYAM Wavre | €2.5m | €118,427 | 9.9% | - |
| CEVAN MANAGEMENT Ypres | €2.1m | €130,687 | 4.4% | - |
| LRD Invest Ciney | €2.2m | €100,953 | 50.4% | - |
| Immo CBTS Heist-op-den-Berg | €2.0m | €139,463 | 4.2% | - |
| CECO Invest Dinant | €2.0m | €135,404 | 7.1% | - |
| F.G.F. Holding Herstal | €1.9m | €98,914 | 44.1% | - |
These companies have the same main activity as District3: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.9m and €2.5m, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 30-12-2024Normal situation
- Activity
- Business and other management consultancyNACE 70200and 4 others
- Establishment unit
- 2.369.028.4263500 Hasselt, since 30-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- €118,769
- €22,845
- €340,845
- €2.2m
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on District3
District3 has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €340,845 and a net result of €22,845.
Its solvency ranks better than 20% of 39,368 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-07-2026, 1 day before the deadline€118,769
€72,960
€22,845
-€39,728
15.7%
0.61
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €170,000 and €240,000.
Balance sheet
balance sheet total €2.2m on 31-12-2025What the company ownsHow it is paid for
Position in the sector
15.7%
Higher than 20% of 39,368 companies in 2025.
0.61
Higher than 14% of 38,051 companies in 2025.
1.1%
Higher than 21% of 38,523 companies in 2025.
District3
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
2.2m | |
20 |
2,688 | |
21/28 |
2.1m | |
22/27 |
2.1m | |
22 |
2.1m | |
29/58 |
61,217 | |
40/41 |
51,780 | |
40 |
51,780 | |
54/58 |
9,436 | |
| Balance sheet: equity and liabilities | ||
10/49 |
2.2m | |
10/15 |
340,845 | |
10/11 |
318,000 | |
13 |
22,845 | |
133 |
22,845 | |
17/49 |
1.8m | |
17 |
1.7m | |
170/4 |
1.7m | |
42/48 |
100,945 | |
42 |
79,746 | |
44 |
3,381 | |
440/4 |
3,381 | |
45 |
12,018 | |
450/3 |
12,018 | |
47/48 |
5,801 | |
492/3 |
11,020 | |
| Income statement | ||
9900 |
118,769 | |
630 |
36,421 | |
640/8 |
9,388 | |
9901 |
72,960 | |
65/66B |
42,501 | |
65 |
42,501 | |
9903 |
30,460 | |
67/77 |
7,615 | |
9904 |
22,845 | |
9905 |
22,845 | |
| Appropriation of the result | ||
9906 |
22,845 | |
691/2 |
22,845 | |
6921 |
22,845 | |
| Document | ||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00361193 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 109,381 | ||
| 59,265 | ||
| 2.1m | ||
| -39,728 | ||
| 15.7% | ||
| 0.61 | ||
| 5.37 | ||
| 6.7% | ||
| 1.1% | ||
| 2.57 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €2.1m |
| €36,421 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on District3
Debt's share of the balance-sheet total is 84.3%.
Board & ownership
Board
1 director, no change since 2025Director
appointed by deed of 02-01-2025
term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 30-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 02-01-2025
Mandates through the years
3 names, the dashed line is todayVANHOEGAERDEN David Julien Anna
Director
Director
CarolineSANTERMANS
Director
Director
SANTERMANS Caroline Paula
Director
Director
BoardEarlier
Mandates as a list
- VANHOEGAERDEN David Julien Anna
- Director, appointed by deed of 02-01-2025, still in office
- CarolineSANTERMANS
- Director, from 23-12-2024 to 23-12-2025
- SANTERMANS Caroline Paula
- Director, from 23-12-2024 to 23-12-2025
Control
This company
District3
Equity €340,845
Profit €22,845 in 2025
Capital
- Contribution
- €318,000
- Shares
- 1,000
- Contribution per share
- €318
- Equity per share
- €341 in 2025
- Source
- deed of 02-01-2025
Articles of association
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 02-01-2025 (in Dutch)
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- 1 directordeed of 06-02-2026 (in Dutch)
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of May at 18:00deed of 02-01-2025 (in Dutch)
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditordeed of 02-01-2025 (in Dutch)
Shareholders
At incorporation
deed of 02-01-2025 ↗
- SANTERMANS Caroline Paula 500 shares (50%) · €159,000 in kind
- VANHOEGAERDEN David Julien Anna 500 shares (50%) · €159,000 in kind
Network & group
No group
District3 has no parent and no holdings in its annual accounts. VANHOEGAERDEN David Julien Anna is the only director.
At the same address
Muntelbeekstraat 30, 3500 Hasselt · 4 other companies| S.T.B.
registered office since 18-03-1999 · founded in 1999 |
total assets €2.1m (2025) 0465.180.722 |
| FANADIX
registered office since 14-02-2006 · founded in 2006 |
total assets €1.8m (2025) 0879.095.261 |
| AMAVIE
registered office since 17-03-2026 |
founded in 2026 1037.061.741 |
| CAROMELIA
registered office since 17-03-2026 |
founded in 2026 1037.060.454 |
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
S.T.B.
via SANTERMANS Caroline Paula · Permanent representative · deed of 27-06-2025
Founded in 1999 · total assets €2.1m (2025)
→
FANADIX
via VANHOEGAERDEN David Julien Anna · Permanent representative · deed of 25-03-2026
Founded in 2006 · total assets €1.8m (2025)
→
→
Timeline
Timeline
5 events since 2024Board
Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 1 day before the deadline
Resignation: CarolineSANTERMANS (director)General meeting of 23-12-20253 points ▸
- General meeting, 23-12-2025
- Director resignation, CarolineSANTERMANS
- Board composition, DavidVANHOEGAERDEN (sole director)
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1018041229
2024
IncorporationFounding capital of €318,000, 1,000 shares · Founders: SANTERMANS Caroline Paula and VANHOEGAERDEN David Julien Anna · Appointments: SANTERMANS Caroline Paula (director) and VANHOEGAERDEN David Julien Anna (director) · published on 02-01-20258 points ▸
- Founder, SANTERMANS Caroline Paula
- Founder, VANHOEGAERDEN David Julien Anna
- Founding capital, €318,000, 1,000 shares
- Capital contribution, €318,000
- Registered office clause, Muntelbeekstraat 30, 3500 Hasselt
- Board rule, 2
- Director appointment, SANTERMANS Caroline Paula
- Director appointment, VANHOEGAERDEN David Julien Anna
- The deed holds 9 more points.
First establishment Muntelbeekstraat 30, Hasselt
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 30 December 2024, District3 was incorporated as a private limited company by two natural persons, with a starting capital of €318,000.12 VANHOEGAERDEN David Julien Anna is director of the company, appointed by deed of 02-01-2025.2 The company has filed annual accounts once, for financial year 2025.3
Company details
Identity
- Enterprise number
- 1018.041.229
- VAT number
- BE 1018.041.229
- Peppol ID
- 0208:1018041229
- Other Peppol ID
- 9925:BE1018041229
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 30-12-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of May at 18:00deed of 02-01-2025 (in Dutch)
- Peppol
- Reachable since 19-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- District3 in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 02-01-2025 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- District3deed of 02-01-2025 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 02-01-2025 (in Dutch)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het aanleggen,het oordeelkundig uitbouwen,het beheren en verhandelen van een onroerend vermogen;het aanleggen,het oordeelkundig uitbouwen en…”deed of 02-01-2025 (in Dutch)
9 activities
- Het aanleggen,het oordeelkundig uitbouwen,het beheren en verhandelen van een onroerend vermogen;het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan en verkoop,de huur en verhuur,de ruil;in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen;
- De verwerving voor eigen rekening van eender welke titels,rechten of roerende waarden door middel van participatie,inbreng,onderschrijving,intekening,plaatsing,waarborg,koop,aankoopoptie,verhandeling,of op iedere andere wijze
- Het verwerven,vervreemden,beheren,uitbaten,valoriseren,verkavelen,opsplitsen in loten,ordenen,huren en verhuren,het plaatsen onder mede-eigendom,het doen bouwen,slopen of verbouwen en promotie van onroerende goederen,het toekennen van eender welke persoonlijke of zakelijke genots- of gebruiksrechten op onroerende goederen,evenals alle onroerende transacties en verrichten van welke aard ook en in de meest brede zin met inbegrip van onroerende leasing . In dit kader het sluiten en onderhandelen,in het kader van haar voorwerp,van alle overeenkomsten,akkoorden of contracten,het verlijden van alle akten,het aanvragen van alle vergunningen en toelatingen,voor eigen rekening evenals voor rekening van een derde of als lasthebber,makelaar of tussenpersoon;
- Het doen van verrichtingen,studies en operaties met betrekking tot (duurzame) energieopwekking en -verdeling zoals investeren en oprichten van energetische installaties (zonnepanelen,laadpalen,warmtenetten,…),desgevallend aankoop en verkoop van energie en hiermee verbonden titels of certificaten,het aanvragen van de nodige premies of subsidies,het deelnemen in energiegemeenschappen of het nemen van participaties of abonnementen in (deel)initiatieven;
- Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken van onroerende goederen of onroerende zakelijke rechten;
- Organiseren van cursussen,opleidingen,congressen en beurzen;
- Media- en communicatiediensten in gedrukte en elektronische mediavorm;
- Het verlenen van diensten,bijstand,advies en leiding aan bedrijven,privé personen en instellingen,voornamelijk doch niet uitsluitend op het vlak van management,marketing,verhuur,processing en het besturen van vennootschappen,dit alles in de meest ruime betekenis.
- Het aangaan en afsluiten van leningen,kredieten en financieringen alsmede het verstrekken van leningen,kredieten en financieringen aan vennootschappen,particulieren,organisaties,derden,al dan niet gelieerd,in de meest brede zin van het woord;
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Muntelbeekstraat 30 registered office 3500 Hasselt 63920 Other information service activities | 30-12-2024 | 2.369.028.426 |
Buildings and parcels at the address
- Ground area
- 1.0 ha
- Buildings
- 500 m²
- Volume, LiDAR
- 2,924 m³
- Tallest building
- 9.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71052D0310/00F000 | 1.0 ha | 1 · 500 m² | 9.0 m · 2 |