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IPM Group

Active
Public limited companyfounded 196858 yrs activeFrankenstraat 79, 1040 Etterbeek, BelgiumKBO/BCE: BE 0403.508.716
Summary

IPM Group has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.13M and a net result of €-4.43M. Equity is shrinking by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 146 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
57 / 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+4
Solvency34▼-28
Growth29▼-1
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity short (current ratio 0.93 against 1.35 in 2024; short-term debt: 69.5% and cash: 14.9% of total assets), and 91.2% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 58 years 0 60 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Sector 58
lower
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
8.8%
Return on assets
-12.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year €-4.43M
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 146 sector peers (2025).
NBB · sector comparison
Position among 146 sector peers
Solvency
better than 25%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
3 d early
2024
30 d early
2023
9 d early
2022
3 d early
2021
6 d early
← before the deadline after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema, statutory accounts

Turnover
€48.82M▼ 6.9%
2024 · €52.46M
2018: €60.42M 2019: €59.22M 2020: €58.04M 2021: €61.56M 2022: €57.92M 2023: €56.53M 2024: €52.46M
2018 → 2025
EBIT margin
15.3%▲ 7.8pp
2024 · 7.4%
2018: -3.7% 2019: -3.6% 2020: 18.9% 2021: -0.2% 2022: -6.8% 2023: -24.9% 2024: 7.4%
2018 → 2025
Net result
€-4.43M▼ 62.1%
2024 · €-2.73M
2018: €299k 2019: €4.38M 2020: €14.56M 2021: €-287k 2022: €-3.54M 2023: €15.30M 2024: €-2.73M
2018 → 2025
Working capital
€-1.72M
2024 · €9.60M
2018: €-14.65M 2019: €-5.53M 2020: €6.49M 2021: €526k 2022: €-7.19M 2023: €10.21M 2024: €9.60M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€61.56M-€57.92M▼ 5.9%€56.53M▼ 2.4%€52.46M▼ 7.2%€48.82M▼ 6.9%
Equity€26.96M-€23.42M▼ 13.1%€25.37M▲ 8.3%€22.55M▼ 11.1%€3.13M▼ 86.1%
Operating result€-122k-€-3.91M▼ 3,105%€-14.08M▼ 260%€3.90M€7.46M▲ 91.3%
Net result€-287k-€-3.54M▼ 1,133%€15.30M€-2.73M€-4.43M▼ 62.1%
Result per fiscal year
Operating resultNet result
€-20.00M€-10.00M€0€10.00M€20.00MOperating result 2021: €-122k€-122kNet result 2021: €-287k€-287kOperating result 2022: €-3.91M€-3.91MNet result 2022: €-3.54M€-3.54MOperating result 2023: €-14.08M€-14.08MNet result 2023: €15.30M€15.30MOperating result 2024: €3.90M€3.90MNet result 2024: €-2.73M€-2.73MOperating result 2025: €7.46M€7.46MNet result 2025: €-4.43M€-4.43M20212022202320242025€-20M€-10M€0€10M€20MOperating result 2023: €-14.08M€-14MNet result 2023: €15.30M€15MOperating result 2024: €3.90M€3.9MNet result 2024: €-2.73M€-2.7MOperating result 2025: €7.46M€7.5MNet result 2025: €-4.43M€-4.4M202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 91% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35.62M
Fixed assets €12.58M ▼ 48.3%
Current assets €23.04M ▼ 37.9%
Equity and liabilities €35.62M
Equity €3.13M ▼ 86.1%
Provisions €0 ▼ 100%
Debt €32.49M ▼ 16.1%
Debt's share of the balance-sheet total rises from 63.1% to 91.2%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€10.07M
2024 · €6.46M
Cash flow
€-1.82M
2024 · €-169k
Current ratio
0.93
2024 · 1.35
Quick ratio
0.93
2024 · 1.34
Debt to equity
10.37
2024 · 1.72
ROE
-141.4%
2024 · -12.1%
ROA
-12.4%
2024 · -4.5%
Interest coverage
17.82
2024 · 11.04
Debt ≤ 1 year
€24.76M
2024 · €27.48M
Debt > 1 year
€114k
2024 · €3.33M
Income taxes
€147k
2024 · €49k
Staff costs
€13.13M
2024 · €12.32M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 103 lines
Balance sheet Code20242025
Assets
Total assets20/58€61.39M€35.62M
Formation expenses20€0€0=
Fixed assets21/28€24.32M€12.58M
Intangible fixed assets21€3.49M€2.30M
Tangible fixed assets22/27€525k€105k
Plant, machinery and equipment23€327k€72k
Furniture and vehicles24€26k€34k
Other tangible fixed assets26€9k€0
Assets under construction and advance payments27€164k€0
Financial fixed assets28€20.30M€10.18M
Affiliated companies280/1€19.17M€9.49M
Participating interests280€19.17M€9.49M
Amounts receivable281€0€0=
Companies linked by participating interests282/3€432k€432k=
Participating interests282€432k€432k=
Other financial fixed assets284/8€692k€255k
Shares284€467k€31k
Amounts receivable and cash guarantees285/8€225k€225k=
Current assets29/58€37.08M€23.04M
Amounts receivable after more than one year29€413€3.73M
Other amounts receivable291€413€3.73M
Stocks and contracts in progress3€139k€61k
Stocks30/36€139k€61k
Goods purchased for resale34€139k€61k
Amounts receivable within one year40/41€32.71M€13.60M
Trade receivables40€10.38M€8.15M
Other amounts receivable41€22.33M€5.45M
Current investments50/53€3k€5k
Other investments51/53€3k€5k
Cash at bank and in hand54/58€3.84M€5.29M
Deferred charges and accrued income490/1€379k€353k
Equity and liabilities
Total equity and liabilities10/49€61.39M€35.62M
Equity10/15€22.55M€3.13M
Contributions10/11€2.85M€361k
Capital10€2.78M€353k
Issued capital100€2.78M€353k
Outside capital11€63k€8k
Share premium1100/10€63k€8k
Revaluation surpluses12€381k€381k=
Reserves13€2.83M€359k
Non-distributable reserves130/1€278k€278k=
Legal reserve130€278k€278k=
Distributable reserves133€2.55M€80k
Profit (loss) carried forward14€16.50M€2.03M
Provisions and deferred taxes16€118k€0
Provisions for liabilities and charges160/5€118k€0
Environmental obligations163-€0
Other liabilities and charges164/5€118k€0
Amounts payable17/49€38.73M€32.49M
Amounts payable after more than one year17€3.33M€114k
Financial debts170/4€500k€0
Subordinated loans170€500k€0
Credit institutions173€0-
Other amounts payable178/9€2.83M€114k
Amounts payable within one year42/48€27.48M€24.76M
Current portion of amounts payable after more than one year42€64k€93k
Financial debts43€5.67M€8.36M
Credit institutions430/8€4.71M€5.28M
Other loans439€960k€3.08M
Trade debts44€10.70M€8.73M
Suppliers440/4€10.70M€8.73M
Taxes, remuneration and social security45€2.60M€2.61M
Taxes450/3€501k€495k
Remuneration and social security454/9€2.10M€2.11M
Other amounts payable47/48€8.45M€4.97M
Accrued charges and deferred income492/3€7.91M€7.62M
Income statement Code20242025
Operating income70/76A€70.49M€67.94M
Turnover70€52.46M€48.82M
Own construction capitalised72€300k€296k
Other operating income74€10.95M€9.82M
Non-recurring operating income76A€6.78M€9.00M
Operating charges60/66A€66.59M€60.48M
Goods for resale, raw materials and consumables60€11.19M€9.02M
Purchases600/8€11.19M€8.94M
Change in stocks: decrease (increase)609€2k€79k
Services and other goods61€35.95M€34.88M
Remuneration, social security and pensions62€12.32M€13.13M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.56M€2.61M
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-68k€-72k
Provisions for liabilities and charges: additions (uses and reversals)635/8€30k€-43k
Other operating charges640/8€408k€372k
Non-recurring operating charges66A€4.19M€579k
Operating profit (loss)9901€3.90M€7.46M
Financial income75/76B€2.52M€9.59M
Recurring financial income75€772k€683k
Income from financial fixed assets750€18-
Income from current assets751€770k€665k
Other financial income752/9€2k€18k
Non-recurring financial income76B€1.75M€8.91M
Financial charges65/66B€9.11M€21.33M
Recurring financial charges65€784k€727k
Debt charges650€585k€565k
Other financial charges652/9€198k€162k
Non-recurring financial charges66B€8.32M€20.61M
Profit (loss) for the period before taxes9903€-2.68M€-4.28M
Income taxes67/77€49k€147k
Taxes670/3€57k€196k
Tax adjustments and reversals of tax provisions77€7k€49k
Profit (loss) for the period9904€-2.73M€-4.43M
Profit (loss) for the period to be appropriated9905€-2.73M€-4.43M
Appropriation of the result
Profit (loss) to be appropriated9906€16.50M€2.03M
Profit (loss) brought forward from the previous period14P€19.23M€6.46M
Social balance
Average headcount (FTE)9087149.7151.2

The notes to these accounts (117 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
28-07
NBB filing Annual accounts filed
fiscal year 2025 · consolidated
2025
31-12
Financial Weakest financial yearnet €-4.43M
Net result drops to €-4.43M, the lowest in the series.
16-12
State Gazette act Capital & shares · Resignations & appointments · Restructuring
Appointments: Access Direct SA, Pierre Rion and 5 others · Reappointments: François le Hodey, Patrice le Hodey and 4 others · Permanent representatives: Pierre Rion and Francis Morel25 facts ▸
  • General meeting, 01-12-2025
  • Demerger, 01-12-2025
  • Incorporation, 01-12-2025
  • Founding capital, €2.429.535,14
  • Director appointment, Access Direct SA (non-statutory director)
  • Director appointment, Pierre Rion (chair)
  • Director appointment, Patrice le Hodey (non-statutory director)
  • Director appointment, Patrice le Hodey (vice-chair)
  • Director appointment, François le Hodey (non-statutory director)
  • Director appointment, Philippe le Hodey (non-statutory director)
  • Director appointment, Marguerite le Hodey (non-statutory director)
  • Director appointment, François le Hodey (managing director)
  • +13 further facts in this act
23-10
State Gazette act Restructuring
Demerger · Accounting effect · Egm deadline11 facts ▸
  • Board meeting, 15-10-2025
  • Demerger, Transfert d'une partie du patrimoine (actif et passif) d'IPM Group à une nouvelle société anonyme MAJA Group, sans que la société à scinder cesse d'exister.
  • Accounting effect, 01-10-2025
  • Egm deadline, 31-12-2025
  • Sole shareholder, actionnaire unique
  • Share exchange, Échange des actions IPM contre des actions ROSSEL & Cie
  • No cash consideration, Aucune soulte en numéraire
  • Profit participation, 01-10-2025
  • Accounting basis, 30-09-2025
  • Cost allocation, Tous les frais liés à la scission partielle (frais de notaire, frais de commissaire aux comptes, frais liés à l'élaboration du projet de scission partielle et t…
  • Report waiver, Renonciation au rapport du réviseur d'entreprises (art. 12:78, 6e al.) et au rapport du conseil d'administration (art. 12:77, 1er al.)
10-07
State Gazette act Reappointments: Patrice le HODEY, Philippe le HODEY and 3 others
Mandate compensation10 facts ▸
  • General meeting, 25-06-2025
  • Director reappointment, Patrice le HODEY (director)
  • Director reappointment, Philippe le HODEY (director)
  • Director reappointment, François le HODEY (director)
  • Director reappointment, 51 publications SA (director)
  • Mandate compensation, Patrice le HODEY
  • Mandate compensation, Philippe le HODEY
  • Mandate compensation, François le HODEY
  • Mandate compensation, 51 publications SA
  • Auditor reappointment, RSM InterAudit
01-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
01-07
NBB filing Annual accounts filed
fiscal year 2024 · consolidated
2024
23-10
NBB filing Annual accounts filed
fiscal year 2023 · consolidated
06-08
State Gazette act Resignations: Siaens Alain (director) and Steisel Denis (director)
2 facts ▸
  • Director resignation, Siaens Alain (director)
  • Director resignation, Steisel Denis (director)
22-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
16-04
State Gazette act Reappointment: Marguerite le HODEY (director)
Mandate compensation3 facts ▸
  • General meeting, 29-06-2023
  • Director reappointment, Marguerite le HODEY (director)
  • Mandate compensation, Marguerite le HODEY
Show earlier events
2023
31-12
Financial Back to profitnet €15.30M
Net result €15.30M after 2 loss-making years.
31-12
Financial Equity above €25MEq €25.37M ▲8.3%
Equity rises from €23.42M to €25.37M.
15-12
State Gazette act Statutes amendment
Capital · Power of attorney6 facts ▸
  • General meeting, 30-11-2023
  • Statutes amendment
  • Statutes amendment
  • Capital, €2.782.639,4
  • Power of attorney, IPM GROUP
  • General meeting, Renouvellement du Conseil d'administration réalisé par décision séparée
28-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
28-07
NBB filing Annual accounts filed
fiscal year 2022 · consolidated
2022
27-09
State Gazette act Reappointment: RSM InterAudit SRL (statutory auditor)
Permanent representatives: Marie Delacroix and Bernard de Grand Ry · Mandate compensation5 facts ▸
  • General meeting, 24-06-2022
  • Auditor reappointment, RSM InterAudit SRL
  • Permanent representative, Marie Delacroix
  • Permanent representative, Bernard de Grand Ry
  • Mandate compensation, RSM InterAudit SRL
03-08
NBB filing Annual accounts filed
fiscal year 2021 · consolidated
25-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
08-02
State Gazette act Reappointment: ACCES DIRECT SA (director)
Mandate compensation3 facts ▸
  • General meeting, 23-06-2021
  • Director reappointment, ACCES DIRECT SA (director)
  • Mandate compensation, ACCES DIRECT SA
2020
03-07
State Gazette act Reappointments: SCRL RSM InterAudit (statutory auditor) and SA 51 Publications (director)
Officer death6 facts ▸
  • General meeting, 27-06-2019
  • Auditor reappointment, SCRL RSM InterAudit
  • Director reappointment, SA 51 Publications (director)
  • Board composition, François le Hodey (director)
  • Board composition, Patrice le Hodey (director)
  • Officer death, Bruno Lesoüf
05-02
State Gazette act Reappointments: Patrice le HODEY, Philippe le HODEY and François le HODEY
Appointment: François le HODEY (managing director) · Mandate compensation8 facts ▸
  • General meeting, 03-07-2019
  • Director reappointment, Patrice le HODEY (director)
  • Director reappointment, Philippe le HODEY (director)
  • Director reappointment, François le HODEY (director)
  • Mandate compensation, Patrice le HODEY
  • Mandate compensation, Philippe le HODEY
  • Mandate compensation, François le HODEY
  • Director appointment, François le HODEY (managing director)
2019
31-01
State Gazette act Appointment: 51 Publications (director)
Permanent representative: Francis Morel · Resignation: Bruno LESOUÉF (director)4 facts ▸
  • Board meeting, 06-09-2018
  • Director appointment, 51 Publications (director)
  • Permanent representative, Francis Morel
  • Director resignation, Bruno LESOUÉF (director)
2017
08-08
State Gazette act Reappointment: Marguerite le HODEY (director)
Mandate compensation · Mandate term4 facts ▸
  • General meeting, 08-06-2017
  • Director reappointment, Marguerite le HODEY (director)
  • Mandate compensation, Marguerite le HODEY
  • Mandate term, 6 ans
2016
16-08
State Gazette act Reappointment: Scrl RSM Interaudit (statutory auditor)
Mandate compensation3 facts ▸
  • General meeting, 15-06-2016
  • Auditor reappointment, Scrl RSM Interaudit
  • Mandate compensation, Scrl RSM Interaudit
01-06
State Gazette act Permanent representative: Pierre RION
Appointment: ACCES DIRECT (director) · Mandate compensation · Mandate term5 facts ▸
  • General meeting, 09-10-2015
  • Mandate compensation, SA IPM GROUP NV
  • Mandate term, 6 ans
  • Permanent representative, Pierre RION
  • Director appointment, ACCES DIRECT
2015
15-12
State Gazette act Appointments: Alain SIAENS, Bruno LESOUÊF and 2 others
Resignation: Axel MILLER (director)6 facts ▸
  • General meeting, 09-10-2015
  • Director appointment, Alain SIAENS (director)
  • Director appointment, Bruno LESOUÊF (director)
  • Director appointment, Pierre RION (director)
  • Director appointment, Denis STEISEL (director)
  • Director resignation, Axel MILLER (director)
15-12
State Gazette act Appointment: Alain SIAENS (chair)
2 facts ▸
  • Board meeting, 27-10-2015
  • Director appointment, Alain SIAENS (chair)
29-10
State Gazette act Capital & shares
Approval · Shareholding · Capital7 facts ▸
  • General meeting
  • Approval, ratification des termes et conditions de la convention du 22 décembre 2011 portant sur l'émission d'un emprunt obligataire de 1.500.000 €
  • Shareholding, 3.761.744 actions
  • Shareholding, 3.982 actions
  • Shareholding, 4.194 actions
  • Capital, €3.769.920
  • Condition, S.R.I.W. (ou l'assemblée des obligataires en cas de pluralité) peut mettre fin à l'emprunt et exiger le remboursement immédiat si la famille le HODEY ne détient…
2014
13-10
State Gazette act Miscellaneous
15-09
State Gazette act Statutes amendment · Resignations & appointments
Statutes amendment · Capital4 facts ▸
  • General meeting, 25-04-2014
  • Statutes amendment
  • Statutes amendment
  • Capital, €2.782.639,4
2013
26-09
State Gazette act Reappointments: Axel MILLER, François le HODEY and 3 others
Mandate compensation10 facts ▸
  • General meeting, 14-06-2013
  • Director reappointment, Axel MILLER (director)
  • Director reappointment, François le HODEY (director)
  • Director reappointment, Patrice le HODEY (director)
  • Director reappointment, Philippe le HODEY (director)
  • Mandate compensation, Axel MILLER
  • Mandate compensation, François le HODEY
  • Mandate compensation, Patrice le HODEY
  • Mandate compensation, Philippe le HODEY
  • Auditor reappointment, SCRL RSM InterAudit
2012
09-11
State Gazette act Resignations & appointments
Name change · Power of attorney3 facts ▸
  • General meeting, 11-10-2012
  • Name change, SA IPM Group NV
  • Power of attorney, Philippe de LIMBOURG
09-02
State Gazette act Restructuring
Merger · Accounting effect · Purpose change11 facts ▸
  • General meeting, 11-01-2012
  • Merger, absorption, sans liquidation
  • Accounting effect, 01-01-2012
  • Purpose change, La société a pour objet pour compte propre, pour compte de tiers ou via des tiers: -l'exploitation de médias tels la presse, l'audiovisuel, internet et les médi…
  • Power of attorney, Philippe de LIMBOURG
  • Merger balance sheet date, 31-12-2011
  • Merger no real estate, L'assemblée a expressément confirmé que le patrimoine transféré ne contient aucun immeuble
  • Suspensive condition fulfilled, La condition suspensive figurant dans le procès-verbal de l'assemblée générale des actionnaires de la société anonyme REGIE GENERALE DE PUBLICITE, tenue ce jour…
  • Personnel transfer, 01-01-2012
  • Dismissal confirmation, La société absorbante confirme et reprend à son compte tout acte de licenciement intervenu entre le 01 janvier 2012 et la date de l'acte
  • Accounts approval discharge, Les comptes annuels de la société REGIE GENERALE DE PUBLICITE pour la période du 31 décembre 2010 au 31 décembre 2011 seront soumis à l'approbation de l'assembl…
2011
16-12
State Gazette act Appointments: Axel Miller (director) and Marguerite le Hodey (director)
Mandate compensation4 facts ▸
  • General meeting, 31-10-2011
  • Director appointment, Axel Miller (director)
  • Director appointment, Marguerite le Hodey (director)
  • Mandate compensation, Marguerite le Hodey
02-12
State Gazette act Restructuring · Miscellaneous
Merger1 fact ▸
  • Merger, REGIE GENERALE DE PUBLICITE, SOCIETE ANONYME D'INFORMATIONS ET DE PRODUCTIONS MULTIMEDIA
13-10
State Gazette act Resignation: Dominique le HODEY (director)
Appointment: Axel MILLER (director)4 facts ▸
  • Board meeting, 14-09-2011
  • Director resignation, Dominique le HODEY (director)
  • Director appointment, Axel MILLER (director)
  • Director appointment, Axel MILLER (chair of the board)
2010
05-10
State Gazette act Appointment: SCRL RSM Inter Audit (statutory auditor)
2 facts ▸
  • General meeting, 25-05-2010
  • Auditor appointment, SCRL RSM Inter Audit (statutory auditor)
2007
19-03
State Gazette act Resignation: Pierre de Tillesse (director)
2 facts ▸
  • Board meeting, 19-07-2006
  • Director resignation, Pierre de Tillesse
2005
08-08
State Gazette act Restructuring · Miscellaneous
Merger1 fact ▸
  • Merger
2004
27-12
State Gazette act Reappointment: DELOITTE & TOUCHE (statutory auditor)
2 facts ▸
  • General meeting, 24-05-2004
  • Auditor reappointment, DELOITTE & TOUCHE
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
9 directors, no change since 2025
51 publications SA
Director · since 18-09-2018 · Legal entity
Current
ACCES DIRECT
Non-statutory director · since 09-10-2015 · Public limited company · perm. rep.: Pierre RION
Current
RION Pierre
Chair · since 09-10-2015
Current
François le Hodey
Non-statutory director · since 14-06-2013
Current
Patrice le Hodey
Vice-chair · since 14-06-2013
Current
Philippe le HODEY
Non-statutory director · since 14-06-2013
Current
3 other directors
Marguerite le HODEY
Non-statutory director · since 31-10-2011
Current
SA Acces Direct
Director · Legal entity
Current
51 Publications
Director · since 06-09-2018 · Legal entity · perm. rep.: Francis Morel
Not recently confirmed
01-12-2025 ACCES DIRECT: Appointed as Non-statutory director
01-12-2025 RION Pierre: Appointed as Chair
01-12-2025 François le Hodey: Appointed as Non-statutory director
01-12-2025 François le Hodey: Appointed as Managing director
01-12-2025 Patrice le Hodey: Appointed as Vice-chair
Full history in the Timeline (38 changes) →
Location & real-estate footprint
Registered office, Etterbeek · 4 establishment units since 1946
establishment 3 of 4 establishment units on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Frankenstraat 791040 Etterbeek
Ground area
4,039 m²
Building footprint
3,709 m²
Volume, LiDAR
58,275 m³
3 parcels, Brussels, Wallonia · tallest building 22.8 m, ±5 floors. Linked by address, not a title deed.
4 establishment units
Frankenstraat 79, 1040 Etterbeek
NACE 7440101
since 19462.006.028.987
Rue Neuve 4, 7000 Mons
Advertising agencies
since 20102.193.269.968
IPM LAB
Rue Edouard Belin 1, 1435 Mont-Saint-GuibertPublishing activities
since 20162.253.261.795
SOCIETE ANONYME D'INFORMATIONS ET DE PRODUCTIONS MULTIMEDIA BUREAU LIEGE
Rue des Dominicains 24, 4000 LiègeActivities of head offices
since 20172.368.728.320
3 parcels
Wallonia 2 (66.7%) Brussels 1 (33.3%)
Parcel (capakey) Region Area Buildings Height / fl.
21362B0225/00Z005 Brussels 3,610 m² 1 · 3,528 m² 22.8 m · 5 fl.
62803A1104/00R000 Wallonia 366 m² 1 · 151 m² 17.3 m · 5 fl.
53403F0456/00B000 Wallonia 63 m² 1 · 30 m² 14.3 m · 4 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor
RSM INTERAUDITCurrent
Statutory auditor
25-06-2025 → present
Show 4 earlier auditors
Deloitte & Touche
Auditor · represented by Michel DENAYER
succeeded by SCRL RSM Inter Audit in 2010
24-05-2004 → 25-05-2010
RSM Interaudit SCRL
Auditor
succeeded by RSM INTERAUDIT SRL in 2022
14-06-2013 → 24-06-2022
RSM INTERAUDIT SRL
Auditor
succeeded by RSM INTERAUDIT in 2025
24-06-2022 → 25-06-2025
SCRL RSM Inter Audit
Statutory auditor
succeeded by RSM Interaudit SCRL in 2013
25-05-2010 → 14-06-2013

Articles of association

Purpose
La société a pour objet l'entreprise, tant en Belgique qu'à l'étranger, pour compte propre, pour compte de tiers ou en participation avec des tiers, des activités suivantes…
Full purpose

La société a pour objet l'entreprise, tant en Belgique qu'à l'étranger, pour compte propre, pour compte de tiers ou en participation avec des tiers, des activités suivantes: -l'exploitation de médias tels la presse, l'audiovisuel, internetet les médias digitaux, ainsi que toute activité d'édition, -l'exploitation d'activités commerciales, de service et de distribution, sous forme matérielle oud'e-commerce, -la production de contenus matériels et immatériels -l'exploitation d'activités d'imprimerie -la production, la gestion et la commercialisation de produits publicitaires, -l'exploitation d'évènements de toute nature, tels que sportifs et culturels, de séminaires, de voyages, -l'exploitation d'activité de jeux, de concours et de jeux de hasard, y compris les paris -les activités liées directement et indirectement aux exploitations ci-dessus décrites, tels la propriété d'immeubles et meubles, la constitution et la gestion de databases, la conclusion de contrats d'auteur; -les activités de recherche et développement liées aux activités précitées La société peutréaliser toutes opérations d'étude, de financementetde mise en valeur de toutes entreprises industrielles, commerciales, financières et immobilières et toutes prises de participation dans ces entreprises spécialement les entreprises de presse ou en relation avec des entreprises de presse, tant en Belgique qu'à l'étranger, ainsi que la gestion du portefeuille créé à cet effet. Elle dispose d'une manière générale, d'une pleine capacité juridique pour accomplir tous les actes et opérations, commerciales, industrielles, financières, mobilières ou immobilières, 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, affaires ou entreprises dont l'objet est identique, analogue, similaire ou connexe au sien ou susceptible de favoriser le développementde son entreprise ou de contribuer à l'écoulement de ses produits et services. Elle peut exercer les fonctions de gérant, d'administrateur ou liquidateur dans d'autres sociétés. La société peutse 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.

Structure & network

Connections & network

40 connected companies
RION Pierre, Shared director, links 13 companies RPRION PierreBANQUE CPH, via RION Pierre BCBANQUE CPHEPM ACADEMY, via RION Pierre EAEPM ACADEMYSociété digitale des Eaux de Wallonie, via RION Pierre SDSociétédigitale des…CinemaNext, via RION Pierre CCinemaNextEVS BROADCAST EQUIPMENT, via RION Pierre EBEVS BROADCASTEQUIPMENTFONDS DE LA RECHERCHE SCIENTIFIQUE-FNRS, via RION Pierre FDFONDS DE LARECHERCHE…FONDS FEDERAL DE LA RECHERCHE SCIENTIFIQUE, via RION Pierre FFFONDS FEDERALDE LA…LES NEWS 24, via RION Pierre LNLES NEWS 24PAIRI DAIZA, via RION Pierre PDPAIRI DAIZAPROXIMUS, via RION Pierre PPROXIMUSSOCIETE WALLONNE DES EAUX, via RION Pierre SWSOCIETE WALLONNEDES EAUXWallonie Entreprendre, via RION Pierre WEWallonieEntreprendreYamabiko Europe, via RION Pierre YEYamabikoEuropeIPM Group IPM Group0403.508.716
Shared directors
Linked via shared directors
BANQUE CPH
via RION Pierre · Administrateur non exécutif
EPM ACADEMY
via RION Pierre · Director
FM DEVELOPPEMENT
via Patrice le Hodey · Permanent representative
Show 36 more companies with a shared director
GUIRIDEN
via François le Hodey · Permanent representative
H.I. INVEST
via François le Hodey · Permanent representative
MAJA
via Patrice le Hodey · Permanent representative
MEDIASCAP
via François le Hodey · Permanent representative
former
CinemaNext
via RION Pierre · Director
former
former
n-Side
via François le Hodey · Chair of the board
former
PAIRI DAIZA
via RION Pierre · Director
former
PROXIMUS
via RION Pierre · Membre du collège des commissaires
former
former
SOCIETE WALLONNE DES EAUX
via RION Pierre · Membre du collège des commissaires aux comptes
former
former
former
BELFIUS BANQUE
Shared director
CRELAN
Shared director
D'Ieteren Group
Shared director
DUVEL MOORTGAT
Shared director
FINANCES ET INDUSTRIES
Shared director
SFPIM Defence
Shared director
Tessenderlo Group
Shared director

Ownership & control

3 board mandates
Board mandates of this companythis company sits on their board3
30 locations
3 locations
1 location

Acquisitions and mergers

3 transactions
BE 0428.185.318merger by absorption · State Gazette act of 09-02-2012
Took over:COMPAGNIE NOUVELLES DE COMMUNICATIONS
proposal · State Gazette act of 08-08-2005
Split off to:MAJA GROUP
partial demerger · State Gazette act of 16-12-2025 (2 acts) · effective 01-12-2025

Capital and shareholders

Shareholders according to the acts
Stated in the act act of 29-10-2015 ↗

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 16-12-2025 Incorporation · 2,429,535.14 EUR · 10,000 shares
  2. 15-12-2023 Capital stated in the act · 2,782,639.40 EUR · 3,769,920 shares
  3. 29-10-2015 Capital stated in the act · 3,769,920 EUR
  4. 15-09-2014 Capital stated in the act · 2,782,639.40 EUR · 3,769,920 shares

Public money · subsidies and aid

Wallonia-Brussels Federation

2021 to 2025 · 14 entries · 10,616,753 EUR in total
Year Entries paid
2025 2 3,479,302 EUR
2024 3 3,476,610 EUR
2023 5 3,326,216 EUR
2021 4 334,626 EUR
Budget allocations
Aide à la presse quotidienne écrite francophone
6 entries · 10,100,301 EUR
Financement d’urgence visant à soutenir les secteurs dépendant de la Fédération Wallonie-Bruxelles suite à la crise du coût de l'énergie
2 entries · 113,667 EUR
Numérisation Culture Médias
1 entry · 65,958 EUR
Stratégie promotion cinéma belge
1 entry · 2,202 EUR

Recognitions · licences · registrations

Legal Entity Identifier

9676001IZR8IDRRB5466
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 500 companies in sector 58130 we hold annual accounts for 248. 78 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
58130Publishing activities
70100Activities of head offices
79110Travel agency activities
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 84 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

4 entries
E-mail:dh.mons@dh.be
Establishment Mons 2.193.269.968
Phone:065/470400
Establishment Mons 2.193.269.968
E-mail:info@tpmlab.be
Establishment Mont-Saint-Guibert 2.253.261.795
Phone:010 45 54 25
Establishment Mont-Saint-Guibert 2.253.261.795