ACTIVE

IPM Group

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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 · 42 ended

Active mandates

51 Publications sas S. Etr.

Director · since 25 juin 2025 · until 25 juin 2031

Represented by Francis Morel

Active

François le HODEY

Managing director · since 25 juin 2025 · until 25 juin 2031

Active

Patrice le HODEY

Vice-chairman of the board of directors · since 25 juin 2025 · until 25 juin 2031

Active

Philippe le Hodey

Director · since 25 juin 2025 · until 25 juin 2031

Active

Marguerite le HODEY

Director · since 29 juin 2023 · until 29 juin 2029

Active

ACCES DIRECT

Chairman of the board of directors · since 23 juin 2021 · until 23 juin 2027 · 0448.435.948

Represented by Pierre RION

Active

Ended mandates

51 Publications sas S. Etr.

Director · since 23 juin 2021 · until 23 juin 2024

Represented by Francis Morel

Ended

51 Publications sas S. Etr.

Director · since 23 juin 2021 · until 27 juin 2025

Represented by Francis Morel

Ended

51 Publications SAS S. Etr.

Director · since 23 juin 2021 · until 23 juin 2024

Represented by Francis Morel

Ended

François le HODEY

Managing director · since 03 juillet 2019 · until 03 juillet 2025

Ended

Other companies at this address

Rue des Francs 79 1040 Etterbeek

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CONCEPT MULTIMEDIA BELGIUM● Active	0451.728.010
COURRIER INTERNATIONAL EBL● Active	0820.739.764
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ENTERTAINMENT OPERATIONS● Active	0632.576.986
EUROPEAN TELEMATICS● Active	0472.034.860
FIN LEASE● Active	0864.040.663
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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

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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
Full model	31/12/2013	30/06/2014	13/08/2014	French	PDF
Consolidated accounts	31/12/2013	30/06/2014	14/08/2014	French	PDF
Full model	31/12/2012	14/06/2013	26/07/2013	French	PDF
Consolidated accounts	31/12/2012	14/06/2013	26/07/2013	French	PDF
Full model	31/12/2011	18/06/2012	26/06/2012	French	PDF
Consolidated accounts	31/12/2011	18/06/2012	26/06/2012	French	PDF
Full model	31/12/2010	06/06/2011	18/07/2011	French	PDF
Consolidated accounts	31/12/2010	06/06/2011	18/07/2011	French	PDF
Full modelCorrection	31/12/2009	07/06/2010	15/12/2010	French	PDF
Full modelCorrection	31/12/2009	07/06/2010	17/11/2010	French	PDF
Full model	31/12/2009	07/06/2010	30/09/2010	French	PDF
Consolidated accountsCorrection	31/12/2009	07/06/2010	08/12/2010	French	PDF
Consolidated accounts	31/12/2009	07/06/2010	30/09/2010	French	PDF
Full modelCorrection	31/12/2008	15/06/2009	15/12/2010	French	PDF
Full model	31/12/2008	15/06/2009	30/07/2009	French	PDF
Consolidated accountsCorrection	31/12/2008	15/06/2009	08/12/2010	French	PDF
Consolidated accounts	31/12/2008	15/06/2009	29/07/2009	French	PDF
Full model	31/12/2007	26/05/2008	14/07/2008	French	PDF
Consolidated accounts	31/12/2007	26/05/2008	30/10/2008	French	PDF
Full model	31/12/2006	29/05/2007	06/07/2007	French	PDF
Consolidated accounts	31/12/2006	29/05/2007	06/07/2007	French	PDF

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 · 42 ended

Active mandates

51 Publications sas S. Etr.

Director · since 25 juin 2025 · until 25 juin 2031

Represented by Francis Morel

Active

François le HODEY

Managing director · since 25 juin 2025 · until 25 juin 2031

Active

Patrice le HODEY

Vice-chairman of the board of directors · since 25 juin 2025 · until 25 juin 2031

Active

Philippe le Hodey

Director · since 25 juin 2025 · until 25 juin 2031

Active

Marguerite le HODEY

Director · since 29 juin 2023 · until 29 juin 2029

Active

ACCES DIRECT

Chairman of the board of directors · since 23 juin 2021 · until 23 juin 2027 · 0448.435.948

Represented by Pierre RION

Active

Ended mandates

51 Publications sas S. Etr.

Director · since 23 juin 2021 · until 23 juin 2024

Represented by Francis Morel

Ended

51 Publications sas S. Etr.

Director · since 23 juin 2021 · until 27 juin 2025

Represented by Francis Morel

Ended

51 Publications SAS S. Etr.

Director · since 23 juin 2021 · until 23 juin 2024

Represented by Francis Morel

Ended

François le HODEY

Managing director · since 03 juillet 2019 · until 03 juillet 2025

Ended

Ownership and network

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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

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 €
2011
Name changeSOCIETE ANONYME D'INFORMATIONS ET DE PRODUCTIONS MULTIMEDIA
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