ISP IMMO
ActiveSummary
ISP IMMO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,723 and a net result of €2,030. The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-10-2024 Normal situation
- Activity
- “L’achat,la vente,l’échange,l’exploitation et l’entretien de maisons,d’appartements,bureaux,magasins,terrains et de manière générale de tous biens immobiliers…” (deed in French)From the articles, 9 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.367.110.596 4470 Saint-Georges-sur-Meuse, since 29-10-2024
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- MORREALE VANESSADirector · since 29-10-2024
- PALLARA LORENZODirector · since 29-10-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- €2,479
- Turnover
- ≈ €19,000
- estimated
- Profit
- €2,030
- Equity
- €3,723
- ▲ 120%
- Total assets
- €4,250
- ▲ 131%
Score breakdownraises riskFounded in 2024No main activity registeredlowers riskLiquidity: current ratio 8.07, cash €4,250Equity €3,723 (87.6% of total assets)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 81% of them on solvency, 89% on liquidity, 90% on profitability and 94% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 32 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 21-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a profit of €2,084, after a loss of €3,306 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €437 | €395 | ▼ 9.7% |
| Gross operating margin9900 | -€2,868 | €2,479 | - |
| Operating profit (loss)9901 | -€3,306 | €2,084 | - |
| Financial charges65/66B | €1 | €54 | ▲ 43× |
| Recurring financial charges65 | €1 | €54 | ▲ 43× |
| Profit (loss) for the period before taxes9903 | -€3,307 | €2,030 | - |
| Profit (loss) for the period9904 | -€3,307 | €2,030 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,307 | €2,030 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1,840 | €4,250 | ▲ 131% |
| Current assets29/58 | €1,840 | €4,250 | ▲ 131% |
| Current investments50/53 | €1,840 | - | - |
| Cash at bank and in hand54/58 | - | €4,250 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1,840 | €4,250 | ▲ 131% |
| Equity10/15 | €1,693 | €3,723 | ▲ 120% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€3,307 | -€1,277 | ▲ 61.4% |
| Amounts payable17/49 | €147 | €527 | ▲ 258% |
| Amounts payable within one year42/48 | €147 | €527 | ▲ 258% |
| Trade debts44 | €147 | €520 | ▲ 253% |
| Suppliers440/4 | €147 | €520 | ▲ 253% |
| Other amounts payable47/48 | - | €7 | - |
Historical observation
In July 2024, 39,278 companies had the same profile as ISP IMMO has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ISP IMMO itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for ISP IMMO. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- PALLARA Lorenzo 50 shares (50%) · €2,500
- MORREALE Vanessa 50 shares (50%) · €2,500
Capital transactions
- 31-10-2024 Incorporation · €5,000 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MORREALE VANESSA |
|
| PALLARA LORENZO |
|
Network & group
ISP IMMO shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of ISP IMMO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
31-10
Gazette deed
IncorporationStarting capital €5,000 · Founder5 points ▸
- Incorporation, “ISP IMMO” (deed in French)
- Founder, PALLARA Lorenzo
- Founder, MORREALE Vanessa
- Founding capital, €5,000
- Capital
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
9 activities
- L’achat,la vente,l’échange,l’exploitation et l’entretien de maisons,d’appartements,bureaux,magasins,terrains et de manière générale de tous biens immobiliers ainsi que toutes opérations de financement pour compte propre ou pour compte de tiers
- La réalisation d’opérations immobilières sous le régime de marchand de biens
- La société pourra également effectuer toutes prestations de services,de courtage immobilier,détenir des mandats de gérance d’immeubles et intervenir en tant qu’intermédiaire commercial en général
- Elle pourra ériger toutes constructions pour son compte propre ou pour compte de tiers,en tant que maître de l’ouvrage ou entrepreneur général et effectuer tous travaux de transformations,de mises en valeurs ainsi que l’étude et l’aménagement de projets immobiliers,de lotissements y compris la construction de routes et égouts
- Acheter et vendre tous matériaux se rapportant au domaine de la construction
- La société peut,pour la réalisation de son objet,obtenir,acquérir,reprendre,exploiter,céder,construire,louer,vendre,échanges,toutes propriétés mobilières,immobilières,et tous établissements,matériels et installations
- Elle peut s’intéresser par voie d’apport,de fusion,de souscription,ou de toute autre manière,dans toutes affaires,entreprises,ou sociétés ayant un objet analogue,similaire,ou connexe susceptible de constituer un débouché,une source de bénéfice,ou sui serait simplement utile à la réalisation de tout ou partie de son objet
- De façon générale,elle peut faire toutes opérations généralement quelconques,commerciales,administratives,artisanales,industrielles,financières,mobilières ou immobilières,se rapportant directement ou indirectement,en tout ou partie à son objet,qui seraient de nature à en favoriser ou étendre directement ou indirectement son industrie et son commerce
- La société peut également exercer les fonctions d’administrateur,de gérant ou de liquidateur dans d’autres sociétés.Elle peut également se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne physique ou morale,liée ou non