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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 €3.1m and a net result of -€4.4m. Equity is shrinking by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 26% of 148 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
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 €170,000 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.
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Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← 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 -€4.4m
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 →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.

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
27-09-2026 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

History

On 1 January 1968, IPM Group was incorporated.1 In 2012 the company took the name SA IPM Group NV.2 REGIE GENERALE DE PUBLICITE was merged into the company in 2012.3 Of the 8 current board members, Marguerite le HODEY has served longest, since 2011.4

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 09-11-2012
  3. 3Belgian State Gazette, 09-02-2012
  4. 4Belgian State Gazette, 16-12-2025

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Financials · fiscal year 2025, full schema, statutory accounts

Turnover
€48.8m▼ 6.9%
2024 · €52.5m
EBIT margin
15.3%▲ 7.8pp
2024 · 7.4%
Net result
-€4.4m▼ 62.1%
2024 · -€2.7m
Working capital
-€1.7m
2024 · €9.6m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€61.6m▲ 6.1%€57.9m▼ 5.9%€56.5m▼ 2.4%€52.5m▼ 7.2%€48.8m▼ 6.9%
Operating result-€122,047-€3.9m▼ 3,105%-€14.1m▼ 260%€3.9m€7.5m▲ 91.3%
Net result-€287,458below the sector's middle half-€3.5mbelow the sector's middle half▼ 1,133%€15.3mabove the sector's middle half-€2.7mbelow the sector's middle half-€4.4mbelow the sector's middle half▼ 62.1%
EBIT margin-0.2%▼ 19.1pp-6.8%▼ 6.6pp-24.9%▼ 18.2pp7.4%▲ 32.3pp15.3%▲ 7.8pp
Equity€27.0mabove the sector's middle half▼ 1.1%€23.4mabove the sector's middle half▼ 13.1%€25.4mabove the sector's middle half▲ 8.3%€22.5mabove the sector's middle half▼ 11.1%€3.1mabove the sector's middle half▼ 86.1%
Total assets€82.7mabove the sector's middle half▲ 2.5%€76.3mabove the sector's middle half▼ 7.8%€65.3mabove the sector's middle half▼ 14.4%€61.4mabove the sector's middle half▼ 6.0%€35.6mabove the sector's middle half▼ 42.0%
Debt€55.6m▲ 4.4%€52.8m▼ 5.0%€39.9m▼ 24.5%€38.7m▼ 3.0%€32.5m▼ 16.1%
Working capital€526,376▼ 91.9%-€7.2m€10.2m€9.6m▼ 6.0%-€1.7m
Solvency32.6%within the sector's middle half▼ 1.2pp30.7%within the sector's middle half▼ 1.9pp38.8%within the sector's middle half▲ 8.1pp36.7%within the sector's middle half▼ 2.1pp8.8%within the sector's middle half▼ 27.9pp
Staff (FTE)156.3above the sector's middle half▼ 1.3%160.9above the sector's middle half▲ 2.9%154.8above the sector's middle half▼ 3.8%149.7above the sector's middle half▼ 3.3%151.2above the sector's middle half▲ 1.0%
above within below the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
  • 2025 Net result -62%, Equity -86% on 2024. Partial demerger to MAJA GROUP, effective 01-12-2025.
Result per fiscal year
Operating resultNet result
-€20.0m-€10.0m€0€10.0m€20.0mOperating result 2021: -€122,047-€122,047Net result 2021: -€287,458-€287,458Operating result 2022: -€3.9m-€3.9mNet result 2022: -€3.5m-€3.5mOperating result 2023: -€14.1m-€14.1mNet result 2023: €15.3m€15.3mOperating result 2024: €3.9m€3.9mNet result 2024: -€2.7m-€2.7mOperating result 2025: €7.5m€7.5mNet result 2025: -€4.4m-€4.4m20212022202320242025-€20m-€10m€0€10m€20mOperating result 2023: -€14.1m-€14mNet result 2023: €15.3m€15mOperating result 2024: €3.9m€3.9mNet result 2024: -€2.7m-€2.7mOperating result 2025: €7.5m€7.5mNet result 2025: -€4.4m-€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 €35.6m
Fixed assets €12.6m ▼ 48.3%
Current assets €23.0m ▼ 37.9%
Equity and liabilities €35.6m
Equity €3.1m ▼ 86.1%
Provisions €0 ▼ 100%
Debt €32.5m ▼ 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
€10.1m▲
2024 · €6.5m
Cash flow
-€1.8m▼
2024 · -€169,395
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
€24.8m▼
2024 · €27.5m
Debt > 1 year
€114,370▼
2024 · €3.3m
Income taxes
€147,234▲
2024 · €49,394
Staff costs
€13.1m▲
2024 · €12.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 744 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 86% are still going.

  • 20 years or older
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
  • without size
4.2% went bankrupt
8.2% stopped otherwise
86% still going

A further 1.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 744 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 103 lines
Balance sheet Code20242025
Assets
Total assets20/58€61.4m€35.6m▼
Formation expenses20€0€0=
Fixed assets21/28€24.3m€12.6m▼
Intangible fixed assets21€3.5m€2.3m▼
Tangible fixed assets22/27€524,695€105,221▼
Plant, machinery and equipment23€326,656€71,635▼
Furniture and vehicles24€25,603€33,586▲
Other tangible fixed assets26€8,814€0▼
Assets under construction and advance payments27€163,622€0▼
Financial fixed assets28€20.3m€10.2m▼
Affiliated companies280/1€19.2m€9.5m▼
Participating interests280€19.2m€9.5m▼
Amounts receivable281€0€0=
Companies linked by participating interests282/3€432,374€432,374=
Participating interests282€432,374€432,374=
Other financial fixed assets284/8€691,866€255,474▼
Shares284€467,145€30,746▼
Amounts receivable and cash guarantees285/8€224,721€224,728=
Current assets29/58€37.1m€23.0m▼
Amounts receivable after more than one year29€413€3.7m▲
Other amounts receivable291€413€3.7m▲
Stocks and contracts in progress3€139,257€60,564▼
Stocks30/36€139,257€60,564▼
Goods purchased for resale34€139,257€60,564▼
Amounts receivable within one year40/41€32.7m€13.6m▼
Trade receivables40€10.4m€8.2m▼
Other amounts receivable41€22.3m€5.4m▼
Current investments50/53€3,486€5,275▲
Other investments51/53€3,486€5,275▲
Cash at bank and in hand54/58€3.8m€5.3m▲
Deferred charges and accrued income490/1€378,671€353,078▼
Equity and liabilities
Total equity and liabilities10/49€61.4m€35.6m▼
Equity10/15€22.5m€3.1m▼
Contributions10/11€2.8m€361,095▼
Capital10€2.8m€353,104▼
Issued capital100€2.8m€353,104▼
Outside capital11€62,971€7,991▼
Share premium1100/10€62,971€7,991▼
Revaluation surpluses12€380,500€380,500=
Reserves13€2.8m€358,652▼
Non-distributable reserves130/1€278,264€278,264=
Legal reserve130€278,264€278,264=
Distributable reserves133€2.5m€80,388▼
Profit (loss) carried forward14€16.5m€2.0m▼
Provisions and deferred taxes16€117,503€0▼
Provisions for liabilities and charges160/5€117,503€0▼
Environmental obligations163-€0
Other liabilities and charges164/5€117,503€0▼
Amounts payable17/49€38.7m€32.5m▼
Amounts payable after more than one year17€3.3m€114,370▼
Financial debts170/4€500,000€0▼
Subordinated loans170€500,000€0▼
Credit institutions173€0-
Other amounts payable178/9€2.8m€114,370▼
Amounts payable within one year42/48€27.5m€24.8m▼
Current portion of amounts payable after more than one year42€64,337€92,910▲
Financial debts43€5.7m€8.4m▲
Credit institutions430/8€4.7m€5.3m▲
Other loans439€959,665€3.1m▲
Trade debts44€10.7m€8.7m▼
Suppliers440/4€10.7m€8.7m▼
Taxes, remuneration and social security45€2.6m€2.6m▲
Taxes450/3€501,061€495,346▼
Remuneration and social security454/9€2.1m€2.1m▲
Other amounts payable47/48€8.4m€5.0m▼
Accrued charges and deferred income492/3€7.9m€7.6m▼
Income statement Code20242025
Operating income70/76A€70.5m€67.9m▼
Turnover70€52.5m€48.8m▼
Own construction capitalised72€299,537€296,243▼
Other operating income74€10.9m€9.8m▼
Non-recurring operating income76A€6.8m€9.0m▲
Operating charges60/66A€66.6m€60.5m▼
Goods for resale, raw materials and consumables60€11.2m€9.0m▼
Purchases600/8€11.2m€8.9m▼
Change in stocks: decrease (increase)609€2,359€78,693▲
Services and other goods61€36.0m€34.9m▼
Remuneration, social security and pensions62€12.3m€13.1m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.6m€2.6m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€68,315-€72,182▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€30,000-€42,503▼
Other operating charges640/8€408,253€371,957▼
Non-recurring operating charges66A€4.2m€579,293▼
Operating profit (loss)9901€3.9m€7.5m▲
Financial income75/76B€2.5m€9.6m▲
Recurring financial income75€772,231€683,111▼
Income from financial fixed assets750€18-
Income from current assets751€770,019€664,865▼
Other financial income752/9€2,194€18,247▲
Non-recurring financial income76B€1.8m€8.9m▲
Financial charges65/66B€9.1m€21.3m▲
Recurring financial charges65€783,701€726,691▼
Debt charges650€585,283€564,843▼
Other financial charges652/9€198,418€161,848▼
Non-recurring financial charges66B€8.3m€20.6m▲
Profit (loss) for the period before taxes9903-€2.7m-€4.3m▼
Income taxes67/77€49,394€147,234▲
Taxes670/3€56,694€195,849▲
Tax adjustments and reversals of tax provisions77€7,300€48,615▲
Profit (loss) for the period9904-€2.7m-€4.4m▼
Profit (loss) for the period to be appropriated9905-€2.7m-€4.4m▼
Appropriation of the result
Profit (loss) to be appropriated9906€16.5m€2.0m▼
Profit (loss) brought forward from the previous period14P€19.2m€6.5m▼
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.

Line20212022202320242025Change
Operating income70/76A€69.3m€65.8m€65.2m€70.5m€67.9m▼ 3.6%
Turnover70€61.6m€57.9m€56.5m€52.5m€48.8m▼ 6.9%
Own construction capitalised72€210,826€393,292€308,753€299,537€296,243▼ 1.1%
Other operating income74€7.6m€7.4m€8.3m€10.9m€9.8m▼ 10.3%
Non-recurring operating income76A-€67,989€41,753€6.8m€9.0m▲ 32.7%
Operating charges60/66A€69.4m€69.7m€79.3m€66.6m€60.5m▼ 9.2%
Goods for resale, raw materials and consumables60€20.3m€20.0m€15.7m€11.2m€9.0m▼ 19.4%
Purchases600/8€20.2m€20.0m€15.7m€11.2m€8.9m▼ 20.1%
Change in stocks: decrease (increase)609€90,365€66€39,164€2,359€78,693▲ 3,237%
Services and other goods61€35.5m€35.2m€35.4m€36.0m€34.9m▼ 3.0%
Remuneration, social security and pensions62€11.3m€12.0m€12.6m€12.3m€13.1m▲ 6.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.4m€1.3m€2.2m€2.6m€2.6m▲ 1.7%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€36,750-€666,708-€575,618-€68,315-€72,182▼ 5.7%
Provisions for liabilities and charges: additions (uses and reversals)635/8--€155,399-€30,000-€42,503▼ 242%
Other operating charges640/8€377,250€1.0m€527,876€408,253€371,957▼ 8.9%
Non-recurring operating charges66A€475,453€970,045€13.3m€4.2m€579,293▼ 86.2%
Operating profit (loss)9901-€122,047-€3.9m-€14.1m€3.9m€7.5m▲ 91.3%
Financial income75/76B€875,392€1.7m€36.7m€2.5m€9.6m▲ 280%
Recurring financial income75€875,392€1.3m€715,061€772,231€683,111▼ 11.5%
Income from financial fixed assets750€0€768,695-€18--
Income from current assets751€874,782€510,289€701,212€770,019€664,865▼ 13.7%
Other financial income752/9€610€18,088€13,849€2,194€18,247▲ 732%
Non-recurring financial income76B-€376,601€36.0m€1.8m€8.9m▲ 408%
Financial charges65/66B€805,391€848,811€7.3m€9.1m€21.3m▲ 134%
Recurring financial charges65€562,973€472,212€605,197€783,701€726,691▼ 7.3%
Debt charges650€387,477€268,975€405,143€585,283€564,843▼ 3.5%
Other financial charges652/9€175,495€203,237€200,055€198,418€161,848▼ 18.4%
Non-recurring financial charges66B€242,418€376,599€6.7m€8.3m€20.6m▲ 148%
Profit (loss) for the period before taxes9903-€52,046-€3.1m€15.3m-€2.7m-€4.3m▼ 59.6%
Income taxes67/77€235,412€457,267-€14,763€49,394€147,234▲ 198%
Taxes670/3€235,412€457,267€15,387€56,694€195,849▲ 245%
Tax adjustments and reversals of tax provisions77--€30,150€7,300€48,615▲ 566%
Profit (loss) for the period9904-€287,458-€3.5m€15.3m-€2.7m-€4.4m▼ 62.1%
Profit (loss) for the period to be appropriated9905-€287,458-€3.5m€15.3m-€2.7m-€4.4m▼ 62.1%
Line20212022202320242025Change
Assets
Total assets20/58€82.7m€76.3m€65.3m€61.4m€35.6m▼ 42.0%
Formation expenses20---€0€0-
Fixed assets21/28€40.8m€43.1m€27.2m€24.3m€12.6m▼ 48.3%
Intangible fixed assets21€2.3m€3.9m€4.3m€3.5m€2.3m▼ 34.1%
Tangible fixed assets22/27€1.0m€749,173€441,033€524,695€105,221▼ 79.9%
Plant, machinery and equipment23€100,394€310,450€336,212€326,656€71,635▼ 78.1%
Furniture and vehicles24€39,820€44,276€49,223€25,603€33,586▲ 31.2%
Other tangible fixed assets26€15,700€11,858€10,336€8,814€0▼ 100%
Assets under construction and advance payments27€880,575€382,590€45,262€163,622€0▼ 100%
Financial fixed assets28€37.4m€38.4m€22.4m€20.3m€10.2m▼ 49.9%
Affiliated companies280/1€34.6m€34.6m€18.3m€19.2m€9.5m▼ 50.5%
Participating interests280€34.6m€34.6m€18.3m€19.2m€9.5m▼ 50.5%
Amounts receivable281---€0€0-
Companies linked by participating interests282/3€2.1m€3.1m€3.4m€432,374€432,374=
Participating interests282€2.1m€3.1m€3.4m€432,374€432,374=
Other financial fixed assets284/8€686,910€686,910€729,890€691,866€255,474▼ 63.1%
Shares284€455,165€455,165€493,145€467,145€30,746▼ 93.4%
Amounts receivable and cash guarantees285/8€231,745€231,745€236,745€224,721€224,728=
Current assets29/58€42.0m€33.2m€38.1m€37.1m€23.0m▼ 37.9%
Amounts receivable after more than one year29€413€413€413€413€3.7m▲ 903,962%
Other amounts receivable291€413€413€413€413€3.7m▲ 903,962%
Stocks and contracts in progress3€180,845€180,779€141,615€139,257€60,564▼ 56.5%
Stocks30/36€180,845€180,779€141,615€139,257€60,564▼ 56.5%
Goods purchased for resale34€180,845€180,779€141,615€139,257€60,564▼ 56.5%
Amounts receivable within one year40/41€37.7m€31.8m€26.7m€32.7m€13.6m▼ 58.4%
Trade receivables40€18.0m€12.0m€11.5m€10.4m€8.2m▼ 21.5%
Other amounts receivable41€19.7m€19.8m€15.2m€22.3m€5.4m▼ 75.6%
Current investments50/53--€10.0m€3,486€5,275▲ 51.3%
Other investments51/53--€10.0m€3,486€5,275▲ 51.3%
Cash at bank and in hand54/58€3.7m€728,277€709,616€3.8m€5.3m▲ 37.8%
Deferred charges and accrued income490/1€362,518€516,998€499,602€378,671€353,078▼ 6.8%
Equity and liabilities
Total equity and liabilities10/49€82.7m€76.3m€65.3m€61.4m€35.6m▼ 42.0%
Equity10/15€27.0m€23.4m€25.4m€22.5m€3.1m▼ 86.1%
Contributions10/11€2.8m€2.8m€2.8m€2.8m€361,095▼ 87.3%
Capital10€2.8m€2.8m€2.8m€2.8m€353,104▼ 87.3%
Issued capital100€2.8m€2.8m€2.8m€2.8m€353,104▼ 87.3%
Outside capital11€62,971€62,971€62,971€62,971€7,991▼ 87.3%
Share premium1100/10€62,971€62,971€62,971€62,971€7,991▼ 87.3%
Revaluation surpluses12€13.8m€13.8m€464,425€380,500€380,500=
Reserves13€2.8m€2.8m€2.8m€2.8m€358,652▼ 87.3%
Non-distributable reserves130/1€278,264€278,264€278,264€278,264€278,264=
Legal reserve130€278,264€278,264€278,264€278,264€278,264=
Distributable reserves133€2.5m€2.5m€2.5m€2.5m€80,388▼ 96.8%
Profit (loss) carried forward14€7.5m€3.9m€19.2m€16.5m€2.0m▼ 87.7%
Provisions and deferred taxes16€167,902€12,503€12,503€117,503€0▼ 100%
Provisions for liabilities and charges160/5€167,902€12,503€12,503€117,503€0▼ 100%
Environmental obligations163----€0-
Other liabilities and charges164/5€167,902€12,503€12,503€117,503€0▼ 100%
Amounts payable17/49€55.6m€52.8m€39.9m€38.7m€32.5m▼ 16.1%
Amounts payable after more than one year17€6.6m€4.9m€4.5m€3.3m€114,370▼ 96.6%
Financial debts170/4€1.7m€894,217€517,882€500,000€0▼ 100%
Subordinated loans170€500,000€500,000€500,000€500,000€0▼ 100%
Credit institutions173€1.2m€394,217€17,882€0--
Other amounts payable178/9€5.0m€4.0m€4.0m€2.8m€114,370▼ 96.0%
Amounts payable within one year42/48€41.4m€40.4m€27.9m€27.5m€24.8m▼ 9.9%
Current portion of amounts payable after more than one year42€811,214€865,174€384,360€64,337€92,910▲ 44.4%
Financial debts43€9.2m€6.0m€4.6m€5.7m€8.4m▲ 47.5%
Credit institutions430/8€9.2m€6.0m€4.6m€4.7m€5.3m▲ 12.2%
Other loans439---€959,665€3.1m▲ 221%
Trade debts44€14.3m€12.8m€13.2m€10.7m€8.7m▼ 18.4%
Suppliers440/4€14.3m€12.8m€13.2m€10.7m€8.7m▼ 18.4%
Taxes, remuneration and social security45€3.1m€2.4m€2.6m€2.6m€2.6m▲ 0.3%
Taxes450/3€1.2m€452,309€454,718€501,061€495,346▼ 1.1%
Remuneration and social security454/9€1.9m€2.0m€2.1m€2.1m€2.1m▲ 0.7%
Other amounts payable47/48€14.1m€18.4m€7.1m€8.4m€5.0m▼ 41.2%
Accrued charges and deferred income492/3€7.5m€7.5m€7.5m€7.9m€7.6m▼ 3.8%
Line20212022202320242025Change
Profit (loss) for the period9904-€287,458-€3.5m€15.3m-€2.7m-€4.4m▼ 62.1%
+ Depreciation and write-downs630€1.4m€1.3m€2.2m€2.6m€2.6m▲ 1.7%
Operating cash flow (approximation)€1.1m-€2.2m€17.5m-€169,395-€1.8m▼ 975%
Investment in fixed assets (approximation)--€3.6m€13.6m€321,075€9.1m▲ 2,743%
Change in cash--€3.0m-€18,661€3.1m€1.5m▼ 53.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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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 -€4.4m
Net result drops to -€4.4m, 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 €15.3m
Net result €15.3m after 2 loss-making years.
31-12
Financial Equity above €25mEq €25.4m ▲8.3%
Equity rises from €23.4m to €25.4m.
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
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.
29 of 29 acts read

Directors · office · real estate

Directors
9 directors, 1 in day-to-day management, no change since 2025

Board 9

RION Pierre
Chair · since 01-12-2025 · Director · since 09-10-2015
Current
Patrice le Hodey
Vice-chair · since 01-12-2025 · Non-statutory director · since 14-06-2013
Current
Marguerite le HODEY
Non-statutory director · since 31-10-2011
Current
François le Hodey
Non-statutory director · since 14-06-2013
Current
Philippe le HODEY
Non-statutory director · since 14-06-2013
Current
ACCES DIRECT
Non-statutory director · since 09-10-2015 · Public limited company · perm. rep.: Pierre RION
Current
51 publications SA
Director · since 18-09-2018 · Legal entity
Current
SA Acces Direct
Director · Legal entity
Current
Show all 9 directors
Access Direct SA
Non-statutory director · since 16-12-2025 · Legal entity · from a recent act
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
51 Publications
Director · since 06-09-2018 · Legal entity · perm. rep.: Francis Morel
Not recently confirmed

Day-to-day management 1

François le Hodey
Managing director · since 03-07-2019
Current

Permanent representatives 1

Pierre RION
Permanent representative · since 09-10-2015 · for ACCES DIRECT
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Francis Morel
Permanent representative · since 06-09-2018 · for 51 Publications
Not recently confirmed

Statutory auditor 1

RSM INTERAUDIT
Statutory auditor · since 14-06-2013
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Etterbeek · 4 establishment units since 1946
seat establishment 3 of 4 establishment units on the map
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.
57 companies at this address See who is registered here
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
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

19 people since 2004, 11 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Marguerite le HODEY
  • Director, from 31-10-2011 to date
François le Hodey
  • Director, already before 14-06-2013 to date
  • Managing director, from 03-07-2019 to date
Patrice le Hodey
  • Director, already before 14-06-2013 to date
  • Vice-chair, from 01-12-2025 to date
Philippe le HODEY
  • Director, already before 14-06-2013 to date
ACCES DIRECT
  • Director, from 09-10-2015 to date
RION Pierre
  • Director, from 09-10-2015 not ended, last confirmed 15-12-2015
  • Chair, from 01-12-2025 to date
51 publications SA
  • Director, already before 18-09-2018 to date
SA Acces Direct
  • Director, already before 08-02-2022 to date
Access Direct SAfrom an act
  • Non-statutory director, from 16-12-2025 to date
RSM INTERAUDIT
  • Statutory auditor, from 14-06-2013 to date
51 Publications
  • Director, from 06-09-2018 not ended, last confirmed 31-01-2019
Alain SIAENS
  • Director, from 09-10-2015 to 30-06-2021
  • Chair, from 27-10-2015 ended, last mentioned 15-12-2015
Denis STEISEL
  • Director, from 09-10-2015 to 30-06-2021
Bruno LESOUÊF
  • Director, from 09-10-2015 to 06-09-2018
Axel Miller
  • Chair of the board, from 14-09-2011 ended, last mentioned 13-10-2011
  • Director, from 14-09-2011 to 09-10-2015
SCRL RSM Inter Audit
  • Statutory auditor, from 25-05-2010 to 14-06-2013
Dominique le HODEY
  • Director, until 03-10-2011
Deloitte & Touche
  • Auditor, from 24-05-2004 to 25-05-2010
Pierre de Tillesse
  • Board, until 19-06-2006
See the board, name and seat on a given date →

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

Owners and holdings

1 owner · 8 holdings · 5 subsidiaries in the tree

Chain of control

  1. COMPAGNIE DE DEVELOPPEMENT DES MEDIAS SALU 100%
  2. MAJA 100%
  3. IPM Group

Highest known parent: COMPAGNIE DE DEVELOPPEMENT DES MEDIAS SA (Luxembourg). The sources do not say who stands above it.

Owners 1

Stated earlier (1)

An older source named these owners; newer accounts no longer list them.

Holdings 8

All subsidiaries, including indirect ones 5

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2025 annual accounts of IPM Group and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

38 connected companies
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 34 more companies with a shared director
GUIRIDEN
via François le Hodey · Permanent representative
→
H.I. INVEST
via François 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→
former→
former→
former→
→
BELFIUS BANQUE
Shared director
→
CRELAN
Shared director
→
→
→
D'Ieteren Group
Shared director
→
DUVEL MOORTGAT
Shared director
→
FINANCES ET INDUSTRIES
Shared director
→
PROXIMUS
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

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

Identification & contact

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
Contact
E-mail dh.mons@dh.beMons
Phone 065/470400Mons
E-mail info@tpmlab.beMont-Saint-Guibert
Phone 010 45 54 25Mont-Saint-Guibert
E-invoicing
Reachable via Peppol
Peppol ID 0208:0403508716
Also 9925:BE0403508716
Registered 03-12-2025

Register as of 27 September 2026 · Peppol Directory

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