ACTIVE

IPM Group

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result-4,4 M €-62,1 %over 1 year

Revenue48,8 M €-6,9 %over 1 year

Equity3,1 M €-86,1 %over 1 year

Workforce151,2 ETP+1,0 %over 1 year

Identity

Source · BCE/KBO

IPM Group is a Public limited company incorporated in 1968. Its main activity is: Publishing of newspapers. Its registered office is in Etterbeek. It employs on average 151,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0403.508.716
Incorporation: 01/01/1968
Legal form: Public limited company
Registered office: Rue des Francs 79
1040 Etterbeek · BruxellesSee on map
Contributed capital: 361 095,03 €
Latest accounts: 31/12/2025
Average workforce: 151,2 ETP

Activities (NACE)

58130Publishing of newspapers· main 58140Publishing of journals and periodicals 70100Activities of head offices 70100Activities of head offices 74151Specialised design activities 74401Other professional, scientific and technical activities+5

Joint committees (2)

Signals

Positive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 45 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	48,8 M €	-6.9%	52,5 M €	-7.2%	56,5 M €	-2.4%	57,9 M €	-5.9%	61,6 M €
EBITDA	10 M €	+54.9%	6,4 M €	+152%	-12,4 M €	-265%	-3,4 M €	-365%	1,3 M €
Operating result	7,5 M €	+91.3%	3,9 M €	+128%	-14,1 M €	-260%	-3,9 M €	-3105%	-122 k €
Net result	-4,4 M €	-62.1%	-2,7 M €	-118%	15,3 M €	+532%	-3,5 M €	-1133%	-287,5 k €
Balance sheet
Equity	3,1 M €	-86.1%	22,5 M €	-11.1%	25,4 M €	+8.3%	23,4 M €	-13.1%	27 M €
Total assets	35,6 M €	-42.0%	61,4 M €	-6.0%	65,3 M €	-14.4%	76,3 M €	-7.8%	82,7 M €
Cash	5,3 M €	+37.8%	3,8 M €	+441%	709,6 k €	-2.6%	728,3 k €	-80.5%	3,7 M €
Debts	24,9 M €	-19.3%	30,8 M €	-4.8%	32,4 M €	-28.6%	45,3 M €	-5.7%	48,1 M €
Other
Workforce	151,2 ETP	+1.0%	149,7 ETP	-3.3%	154,8 ETP	-3.8%	160,9 ETP	+2.9%	156,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
51 Publications sas S. Etr.Represented by Francis Morel	Director06/09/2018 → 25/06/2031
François le HODEY	Managing director29/05/2007 → 25/06/2031
Patrice le HODEY	Vice-chairman of the board of directors29/05/2007 → 25/06/2031
Philippe le Hodey	Director29/05/2007 → 25/06/2031
Marguerite le HODEY	Director31/10/2011 → 29/06/2029
ACCES DIRECT0448.435.948Represented by Pierre RION	Chairman of the board of directors23/06/2021 → 23/06/2027Director09/05/2015 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
51 Publications SAS SARepresented by Francis MOREL	Director06/09/2018 → 2018 accounts
Alain SIAENS	Chairman of the board of directors09/10/2015 → 2015 accounts
Bruno LESOUÊF	Director09/10/2015 → 2018 accounts

Other companies at this address

Rue des Francs 79 1040 Etterbeek

Company	CBE no.
AMARIS CONSULTING BELGIUM● Active	0809.124.708
AMID SERVICES● Active	0795.376.343
Axemédia● Active	0439.503.238
BM & Co● Bankrupt	0770.741.115
BP Flow● Active	0788.330.777
BSCOVERY● Active	0475.918.820
BURDINOLA BENELUX● Active	0683.866.331
CONCEPT MULTIMEDIA BELGIUM● Active	0451.728.010
COURRIER INTERNATIONAL EBL● Active	0820.739.764
CULTURE ET SOLIDARITE● Active	0875.574.260
Cyclomedica Benelux● Active	0886.846.947
D-CARBONIZE● Active	0772.823.150
DriveXchange Belgium● Active	0749.929.566
ENTERTAINMENT OPERATIONS● Active	0632.576.986
EUROPEAN TELEMATICS● Active	0472.034.860
FIN LEASE● Active	0864.040.663
FM DEVELOPPEMENT● Active	0455.941.273
GlenCap● Active	1032.531.544
Groupe MAJA● Active	0819.224.089
GYG Corp● Active	1032.531.643

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2026	01/07/2025	22/07/2024	28/07/2023	25/07/2022	30/07/2021
General meeting	07/07/2026	25/06/2025	26/06/2024	29/06/2023	24/06/2022	23/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 45 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	07/07/2026	28/07/2026	French	PDF
Full model	31/12/2024	25/06/2025	01/07/2025	French	PDF
Consolidated accounts	31/12/2024	25/06/2025	01/07/2025	French	PDF
Full model	31/12/2023	26/06/2024	22/07/2024	French	PDF
Consolidated accountsCorrection	31/12/2023	12/07/2024	23/10/2024	French	PDF
Consolidated accounts	31/12/2023	12/07/2024	22/07/2024	French	PDF
Full model	31/12/2022	29/06/2023	28/07/2023	French	PDF
Consolidated accounts	31/12/2022	27/07/2023	28/07/2023	French	PDF
Full model	31/12/2021	24/06/2022	25/07/2022	French	PDF
Consolidated accounts	31/12/2021	22/07/2022	03/08/2022	French	PDF
Full model	31/12/2020	23/06/2021	30/07/2021	French	PDF
Consolidated accounts	31/12/2020	30/06/2021	30/07/2021	French	PDF
Full model	31/12/2019	24/06/2020	30/07/2020	French	PDF
Consolidated accounts	31/12/2019	24/06/2020	25/09/2020	French	PDF
Full model	31/12/2018	27/06/2019	24/07/2019	French	PDF
Consolidated accounts	31/12/2018	27/06/2019	24/07/2019	French	PDF
Full model	31/12/2017	21/06/2018	26/07/2018	French	PDF
Consolidated accounts	31/12/2017	21/06/2018	26/07/2018	French	PDF
Full model	31/12/2016	08/06/2017	13/07/2017	French	PDF
Consolidated accounts	31/12/2016	08/06/2017	14/07/2017	French	PDF
Full model	31/12/2015	15/06/2016	13/07/2016	French	PDF
Consolidated accounts	31/12/2015	15/06/2016	15/07/2016	French	PDF
Full model	31/12/2014	16/07/2015	16/07/2015	French	PDF
Consolidated accounts	31/12/2014	16/07/2015	16/07/2015	French	PDF

View all 45 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
51 Publications sas S. Etr.Represented by Francis Morel	Director06/09/2018 → 25/06/2031
François le HODEY	Managing director29/05/2007 → 25/06/2031
Patrice le HODEY	Vice-chairman of the board of directors29/05/2007 → 25/06/2031
Philippe le Hodey	Director29/05/2007 → 25/06/2031
Marguerite le HODEY	Director31/10/2011 → 29/06/2029
ACCES DIRECT0448.435.948Represented by Pierre RION	Chairman of the board of directors23/06/2021 → 23/06/2027Director09/05/2015 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
51 Publications SAS SARepresented by Francis MOREL	Director06/09/2018 → 2018 accounts
Alain SIAENS	Chairman of the board of directors09/10/2015 → 2015 accounts
Bruno LESOUÊF	Director09/10/2015 → 2018 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring16/12/2025
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring23/10/2025
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates10/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates06/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates16/04/2024
DEMISSIONS, NOMINATIONS
PDF
Other15/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates27/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates08/02/2022
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings14 filings

Mandates

51 Publications sas S. Etr.

Philippe le Hodey

François le HODEY

Patrice le HODEY

Marguerite le HODEY

ACCES DIRECT

51 Publications SAS SA

Denis STEISEL

Bruno LESOUÊF

Alain SIAENS

Axel MILLER

DOMINIQUE le HODEY

1968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

IPM Group

Rue des Francs 79, 1040 Etterbeek

Director

Managing director

Vice-chairman of the board of directors

Director

Chairman of the board of directorsDirector

Director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue des Francs 79, 1040 EtterbeekCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00360598

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
IPM GroupCurrent	accounts 2013 → 2025	Accounts 2025 · 2026-00360598
SOCIETE ANONYME D'INFORMATIONS ET DE PRODUCTIONS MULTIMEDIA	accounts 2011	Accounts 2011 · 2012-22400564

Events

2025
Annual accounts 2025-4,4 M €↓
01/12/2025
constitution
01/10/2025
split
25/06/2025
reconductionPatrice le HODEY · administrateur
25/06/2025
reconductionPhilippe le HODEY · administrateur
25/06/2025
reconductionFrançois le HODEY · administrateur délégué
25/06/2025
reconductionMarie Delacroix · commissaire des comptes statutaires et des comptes consolidés
2024
Annual accounts 2024-2,7 M €↓
2023
Annual accounts 202315,3 M €↑
29/06/2023
reconductionMarguerite le HODEY · Administrateur
2022
Annual accounts 2022-3,5 M €↓
24/06/2022
reconductionSRL RSM InterAudit · commissaire-réviseur
2021
Annual accounts 2021-287,5 k €↓
2020
Annual accounts 202014,6 M €↑
2019
Annual accounts 20194,4 M €↑
2018
Annual accounts 2018299,5 k €↑
2017
Annual accounts 2017-379,4 k €↑
2016
Annual accounts 2016-2,6 M €↓
2015
Annual accounts 2015-282,1 k €↑
2014
Annual accounts 2014-3,3 M €↓
2013
Annual accounts 2013-3,1 M €↑
2013
Name changeIPM Group
2011
Annual accounts 2011-4,3 M €
01/01/1968
IncorporationPublic limited company

IPM Group

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events