ISIMMO
ActiveSummary
ISIMMO has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €516,388 and a net result of €99,954. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 75% of 17,093 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €516,388
- Profit
- €99,954
Why 97raises riskFounded in 2023lowers riskSize: total assets €804,937Sector: Real estate activities (NACE 68)Figures for financial year 2025 (filed 26-08-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 74% on solvency, 79% on liquidity, 81% on profitability and 78% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 21 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Equity above €500,000equity €516,388 ▲24%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (24 days) Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00424593.
2023 to 2025, 3 financial years
The operating result falls in 2025; 2025 is 15% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,127 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97.2% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,127 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €29,166 | €53,946 | €110,412 | ▲ 105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,529 | €4,772 | €10,428 | ▲ 119% |
| Other operating charges640/8 | €521 | €532 | €4,895 | ▲ 819% |
| Gross operating margin9900 | €65,533 | €175,140 | €159,339 | ▼ 9.0% |
| Operating profit (loss)9901 | €63,483 | €169,836 | €144,016 | ▼ 15.2% |
| Financial income75/76B | €13 | €1,930 | €3,508 | ▲ 81.8% |
| Recurring financial income75 | €13 | €1,930 | €3,508 | ▲ 81.8% |
| Financial charges65/66B | €137 | €5 | €1,795 | ▲ 399× |
| Recurring financial charges65 | €137 | €5 | €1,795 | ▲ 399× |
| Profit (loss) for the period before taxes9903 | €63,360 | €171,761 | €145,730 | ▼ 15.2% |
| Income taxes67/77 | €16,709 | €51,977 | €45,776 | ▼ 11.9% |
| Profit (loss) for the period9904 | €46,651 | €119,784 | €99,954 | ▼ 16.6% |
| Profit (loss) for the period to be appropriated9905 | €46,651 | €119,784 | €99,954 | ▼ 16.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €304,874 | €433,554 | €804,937 | ▲ 85.7% |
| Fixed assets21/28 | €88,050 | €86,470 | €577,561 | ▲ 568% |
| Tangible fixed assets22/27 | €88,050 | €86,470 | €577,561 | ▲ 568% |
| Land and buildings22 | €73,406 | €73,406 | €564,646 | ▲ 669% |
| Plant, machinery and equipment23 | - | - | €3,770 | - |
| Furniture and vehicles24 | €14,644 | €13,063 | €9,145 | ▼ 30.0% |
| Current assets29/58 | €216,824 | €347,085 | €227,376 | ▼ 34.5% |
| Amounts receivable within one year40/41 | €2,235 | €53,571 | €53,838 | ▲ 0.5% |
| Trade receivables40 | €1,271 | €12,052 | €53,838 | ▲ 347% |
| Other amounts receivable41 | €965 | €41,519 | - | - |
| Current investments50/53 | - | €180,880 | €48,273 | ▼ 73.3% |
| Cash at bank and in hand54/58 | €213,076 | €110,644 | €122,674 | ▲ 10.9% |
| Deferred charges and accrued income490/1 | €1,513 | €1,991 | €2,591 | ▲ 30.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €304,874 | €433,554 | €804,937 | ▲ 85.7% |
| Equity10/15 | €296,651 | €416,435 | €516,388 | ▲ 24.0% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | = |
| Reserves13 | €40,000 | €130,000 | €215,000 | ▲ 65.4% |
| Distributable reserves133 | €40,000 | €130,000 | €215,000 | ▲ 65.4% |
| Profit (loss) carried forward14 | €6,651 | €36,435 | €51,388 | ▲ 41.0% |
| Amounts payable17/49 | €8,224 | €17,120 | €288,549 | ▲ 17× |
| Amounts payable after more than one year17 | - | - | €250,000 | - |
| Financial debts170/4 | - | - | €250,000 | - |
| Amounts payable within one year42/48 | €8,161 | €17,120 | €38,549 | ▲ 125% |
| Financial debts43 | - | - | €243 | - |
| Credit institutions430/8 | - | - | €243 | - |
| Trade debts44 | €3,429 | €3,212 | €304 | ▼ 90.5% |
| Suppliers440/4 | €3,429 | €3,212 | €304 | ▼ 90.5% |
| Advances received on contracts in progress46 | - | €182 | - | - |
| Taxes, remuneration and social security45 | €4,732 | €13,726 | €10,983 | ▼ 20.0% |
| Taxes450/3 | €4,732 | €13,726 | €10,983 | ▼ 20.0% |
| Other amounts payable47/48 | - | - | €27,018 | - |
| Accrued charges and deferred income492/3 | €63 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,651 | €119,784 | €99,954 | ▼ 16.6% |
| + Depreciation and write-downs630 | €1,529 | €4,772 | €10,428 | ▲ 119% |
| Operating cash flow (approximation) | €48,179 | €124,556 | €110,382 | ▼ 11.4% |
| Investment in fixed assets (approximation) | - | -€3,191 | -€501,519 | ▼ 15,617% |
| Change in cash | - | -€102,432 | €12,031 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 24-08-2026 | 2026-00424593 |
| 31-12-2024 | micro format | 11-08-2025 | 2025-00372012 |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00396458 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| SPINOY Isabelle Marie-Pierre |
|
Owners and capital
Capital and shareholders
- SPINOY Isabelle Marie-Pierre 250 shares (100%) · €250,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 29-06-2023 Incorporation · €250,000 · 250 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-06
Gazette deed
IncorporationAppointment: SPINOY Isabelle Marie-Pierre (director) · Registered office clause · Board rule9 facts ▸
- Registered office clause, “6940 Barvaux-sur-Ourthe (Durbuy),route de Marche,87A” (deed in French)
- Other provision, “site internet, www.isimmo.be” (deed in French)
- Board rule, 1, “assemblée” (deed in French)
- Director appointment, SPINOY Isabelle Marie-Pierre (director (not named in the articles))
- Incorporation, 26-06-2023
- Founder, SPINOY Isabelle Marie-Pierre
- Founding capital, €250,000
- Bank account, 250000, “société en formation” (deed in French)
- Share issue, 250, “chaque action donne un droit égal dans la répartition des bénéfices et des produits de la liquidation” (deed in French)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 83004C0040/00R000 | Wallonia | 3,891 m² | 1 · 163 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La création et l’exploitation d’une agence immobilière comprenant la négociation immobilière, l’achat, la vente, la location, le courtage…” (deed in French)
10 activities (deed in French)
- La création et l’exploitation d’une agence immobilière comprenant la négociation immobilière, l’achat, la vente, la location, le courtage immobilier ou en commerce, l’estimation immobilière, la gestion immobilière, le syndic de copropriété, le viager ainsi que le courtage en crédit hypothécaire ou autre.
- L’activité de promoteur immobilier de logements, de bureaux et d’infrastructures, l’activité de marchand de biens immobiliers, le lotissement, la mise en copropriété, la division horizontale et verticale, la locations d’immeubles résidentiels ou non, y compris les salles d’exposition, la location de terres et terrains, l’administration d’immeubles résidentiels ou autres, ainsi que l’activité de géomètre.
- La constitution et la valorisation d’un patrimoine immobilier, l’achat, l’échange, la vente, la prise en location et en sous-location, l’exploitation, la construction, la promotion, l’entretien, la réparation et la restauration, la gestion, le financement de maisons, appartements, bureaux, magasins, exploitations, fonds de commerce, terrains, terres et domaines et de bois, de bois sur pied ou de fonds de bois, et de manière générale, de tous biens immobiliers ou forestiers.
- Elle pourra ériger toutes constructions et effectuer aux biens immobiliers des transformations et mises en valeur.
- La création, la construction, l’acquisition, la vente, la location, l’investissement et l’exploitation de gites, hébergements touristiques, chambres d’hôtes, résidences hôtelières, tables d’hôtes et toutes les activités annexes.
- Elle dispose, d’une manière générale, d’une pleine capacité juridique pour accomplir tous les actes et opérations ayant un rapport direct ou indirect avec son objet ou qui seraient de nature à faciliter directement ou indirectement, entièrement ou partiellement, la réalisation de cet objet.
- Elle peut s'intéresser par voie d'association, d'apport, de fusion, d'intervention financière ou autrement dans toutes sociétés, associations ou entreprises dont l'objet est identique, analogue ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de constituer pour elle une source de débouchés.
- Elle peut exercer les fonctions d’administrateur ou liquidateur dans d’autres sociétés.
- La société peut se porter garant ou fournir des sûretés réelles pour des sociétés ou des personnes privées, au sens le plus large.
- Au cas où la prestation de certains actes serait soumise à des conditions préalables d'accès à la profession, la société subordonnera son action, en ce qui concerne la prestation de ces actes, à la réalisation de ces conditions.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ISIMMO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, organe d’administration peut établir sièges administratifs,agences,ateliers,dépôts et succursales,tant en Belgique qu'à…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, organe d'administration” (deed in French)“Frais généraux, assemblée générale” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions requises par Code des sociétés et des associations” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Frais de procédure et d’expertise pour moitié cédant et moitié acquéreurs,proportionnellement si plusieurs, tous cas de cessions entre…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale délibérant dans les formes prévues pour les modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)