ACTIVE

IPM RADIO

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Financial year 2025 · Closed on 31/12/2025

Net result
493,8 k €
+3 712,4 %over 1 year
Gross margin
859 k €
+211,1 %over 1 year
Equity
1 M €
+143,1 %over 1 year
Workforce
3,7 ETP
-2,6 %over 1 year

Identity

Source · BCE/KBO

IPM RADIO is a Public limited company incorporated in 2002. Its main activity is: Radio broadcasting. Its registered office is in Etterbeek. It employs on average 3,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0479.090.720
Incorporation
20/12/2002
Legal form
Public limited company
Registered office
Rue des Francs 79
1040 Etterbeek · BruxellesSee on map
Contributed capital
9 281 023,52 €
Latest accounts
31/12/2025
Average workforce
3,7 ETP
Joint committees (1)
  • 227
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 15 financial years

20252024202320222021
Income statement
Gross margin859 k €276,1 k €–––
EBITDA539,7 k €12,2 k €-21,9 k €-106,3 k €17,2 k €
Operating result516,8 k €-12,7 k €-47,3 k €-127,9 k €-9 k €
Net result493,8 k €-13,7 k €-48,1 k €-128,2 k €-9,6 k €
Balance sheet
Equity1 M €417,9 k €-6,3 M €-6,3 M €-6,2 M €
Total assets2,7 M €632,6 k €598 k €482 k €658,1 k €
Cash1,2 M €153,6 k €5,2 k €44,9 k €129 k €
Debts1,7 M €214,6 k €6,9 M €6,8 M €6,8 M €
Other
Workforce3,7 ETP3,8 ETP3,8 ETP3,9 ETP3,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 54 ended

Active mandates

MAJA Group

Director · since 30 juin 2026 · until 26 mai 2029 · 1031.340.622

Represented by François le Hodey

Active
Philippe le Hodey

Director · since 30 juin 2026 · until 26 mai 2029

Active
Axemédia

Director · since 26 juin 2023 · until 30 juin 2026 · 0439.503.238

Represented by Philippe le Hodey

Active
IPM Group

Managing director · since 26 juin 2023 · until 30 juin 2026 · 0403.508.716

Represented by François le Hodey

Active
MAJA

Director · since 26 juin 2023 · until 26 juin 2029 · 0456.241.874

Represented by Patrice le Hodey

Active

Ended mandates

Axemédia

Director · since 26 juin 2023 · until 26 juin 2029 · 0439.503.238

Represented by Philippe le Hodey

Ended
IPM Group

Managing director · since 26 juin 2023 · until 26 juin 2029 · 0403.508.716

Represented by François le Hodey

Ended
Axemédia

Director · since 31 mai 2017 · until 30 mai 2023 · 0439.503.238

Represented by Denis PIERRARD

Ended
Axemédia

Director · since 31 mai 2017 · until 30 mai 2023 · 0439.503.238

Represented by Patrice le HODEY

Ended

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Rue des Francs 79 1040 Etterbeek
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Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/07/202601/07/202522/07/202428/07/202325/07/202216/08/2021
General meeting30/06/202627/05/202528/05/202426/06/202324/06/202223/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202627/07/2026FrenchPDF
Abridged model31/12/202427/05/202501/07/2025FrenchPDF
Full model31/12/202328/05/202422/07/2024FrenchPDF
Full model31/12/202226/06/202328/07/2023FrenchPDF
Full model31/12/202124/06/202225/07/2022FrenchPDF
Full model31/12/202023/06/202116/08/2021FrenchPDF
Full model31/12/201924/06/202030/07/2020FrenchPDF
Full model31/12/201827/06/201924/07/2019FrenchPDF
Full model31/12/201728/06/201826/07/2018FrenchPDF
Full model31/12/201630/05/201713/07/2017FrenchPDF
Full model31/12/201531/05/201613/07/2016FrenchPDF
Full model31/12/201425/06/201515/07/2015FrenchPDF
Full model31/12/201310/07/201413/08/2014FrenchPDF
Full model31/12/201214/06/201326/07/2013FrenchPDF
Full model31/12/201129/05/201226/06/2012FrenchPDF
Full model31/12/201031/05/201118/07/2011FrenchPDF
Full model31/12/200925/05/201014/07/2010FrenchPDF
Full model31/12/200826/05/200930/07/2009FrenchPDF
Full model31/12/200727/05/200814/07/2008FrenchPDF
Full model31/12/200629/05/200712/06/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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

5 active · 54 ended

Active mandates

MAJA Group

Director · since 30 juin 2026 · until 26 mai 2029 · 1031.340.622

Represented by François le Hodey

Active
Philippe le Hodey

Director · since 30 juin 2026 · until 26 mai 2029

Active
Axemédia

Director · since 26 juin 2023 · until 30 juin 2026 · 0439.503.238

Represented by Philippe le Hodey

Active
IPM Group

Managing director · since 26 juin 2023 · until 30 juin 2026 · 0403.508.716

Represented by François le Hodey

Active
MAJA

Director · since 26 juin 2023 · until 26 juin 2029 · 0456.241.874

Represented by Patrice le Hodey

Active

Ended mandates

Axemédia

Director · since 26 juin 2023 · until 26 juin 2029 · 0439.503.238

Represented by Philippe le Hodey

Ended
IPM Group

Managing director · since 26 juin 2023 · until 26 juin 2029 · 0403.508.716

Represented by François le Hodey

Ended
Axemédia

Director · since 31 mai 2017 · until 30 mai 2023 · 0439.503.238

Represented by Denis PIERRARD

Ended
Axemédia

Director · since 31 mai 2017 · until 30 mai 2023 · 0439.503.238

Represented by Patrice le HODEY

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • 09/09/2026
    —
    PDF
  • Restructuring02/10/2025
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates10/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring27/05/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates20/12/2024
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other15/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates19/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/09/2022
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025493,8 k €↑
  2. 2024
    Annual accounts 2024-13,7 k €↑
  3. 2023
    Annual accounts 2023-48,1 k €↑
  4. 2022
    Annual accounts 2022-128,2 k €↓
  5. 2021
    Annual accounts 2021-9,6 k €↑
  6. 2020
    Annual accounts 2020-222,6 k €↓
  7. 2019
    Annual accounts 2019-214,7 k €↑
  8. 2018
    Annual accounts 2018-248,6 k €↑
  9. 2018
    Name changeIPM RADIO SA
  10. 2017
    Annual accounts 2017-373,9 k €↑
  11. 2016
    Annual accounts 2016-498,3 k €↑
  12. 2015
    Annual accounts 2015-538,7 k €↑
  13. 2014
    Annual accounts 2014-907,5 k €↓
  14. 2013
    Annual accounts 2013-817,2 k €↑
  15. 2011
    Annual accounts 2011-1,6 M €↓
  16. 2011
    Name changeTWIZZ RADIO
  17. 2006
    Annual accounts 2006-418 k €
  18. 2006
    Name changeCIEL FM
  19. 20/12/2002
    IncorporationPublic limited company