IPM Group
ActiveSummary
IPM Group has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of -€4.4m. Equity has been shrinking by about 7.6% per year since 2018. Its solvency ranks better than 25% of 191 sector peers (NACE 58, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
Source: KBO- Status
- Active Normal situation
- Registered office
- 59 active companies are registered at this address 6 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Publishing activities NACE 58130and 3 others
- Joint committees
- 100 Aanvullend Paritair Comité voor de werklieden
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment units
- 2.006.028.987 1040 Etterbeek, since 01-02-1946
- 2.193.269.968 7000 Mons, since 03-11-2010and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Board and ownership
Board
- François le HodeyManaging director
- ACCES DIRECTDirector · permanent representative Pierre Rion
- Marguerite le HODEYDirector
- Auditor
- RSM INTERAUDIT
Shareholders
- MAJA100%· score 932025 annual accounts of MAJA
- Holdings
- Shares in 8 companies including Axemédia and Editions de l’Avenir Presse
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
Annual accounts 2025
- Turnover
- €48.8m
- ▼ 6.9%
- Loss
- €4.4m
- ▲ 62.1%
- Equity
- €3.1m
- ▼ 86.1%
- Total assets
- €35.6m
- ▼ 42.0%
- Employees on 31-12-2025
- 159
- ▲ 3.9%
Net result -62%: branch of activity transferredStandalone figures, without subsidiaries
Group, consolidated 2025: turnover €155.8m, result -€1.9m
Filed on 28-07-2026, 3 days before the deadline
Score breakdownraises riskLoss of €4.4m, the second in a row (financial year 2025)Equity €3.1m (8.8% of total assets)lowers riskSector: Publishing activities (NACE 58)Size: turnover €48.8m, 151.2 FTE, total assets €35.6m, files consolidated accountsShow the evidence
Checked score
Score 2025
82
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 27% of companies in publishing (NACE 58)
Financial strength · tick: 2024
Average
Solvency
34-28
equity 8.8% of total assets
Liquidity
31-5
short-term debt 69.5% · cash 14.9%
Profitability
69+4
return on assets -12.4%
Bankruptcy probability within 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.3%● unchanged vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Credit of up to €250,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.93 (1.35 in 2024), below 1. Short-term debt is 69.5% and cash 14.9% of total assets. 91.2% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 58). It does better than 19% of them on solvency, 19% on liquidity, 56% on profitability and 14% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Seven signals.
lowers riskraises riskneutral
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€4.4m
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 191 sector peers (2025).
NBB · sector comparisonPosition among 191 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 filingsDeviation from the deadline
2025
3 days early
2024
30 days early
2023
9 days early
2022
3 days early
2021
6 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 10 days before the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Caution: Lower net result than 95% of companies in publishingsector median €25,915 · 194 companies -€4.4m View
- Equity fell in 2025branch of activity transferred to MAJA Group ▼ 86.1% View
- Wallonia-Brussels supportpaid from 2021 to 2025 €10.6m View
- Branch transferred to MAJA Groupcontribution on 16-12-2025 2025 View
- Caution: 2 loss-making years in a rowloss in financial year 2025 -€4.4m View
- Positive: Always filed on timeaccounts within the deadline every year 5 years View
Recent changes
- · Gazette deed Demerger: IPM GROUP splits off to MAJA GROUPAppointments: Access Direct SA, Patrice le Hodey and 4 others · Permanent representatives: Pierre Rion and Francis Morel
- · Gazette deed Demerger proposal: IPM GROUP splits off to MAJA GroupAppointment: RSM InterAudit SRL (statutory auditor)
- · Gazette deed Reappointments: Patrice le HODEY, Philippe le HODEY and 3 others
Companies linked to IPM Group
Comparable companies
These companies have the same main activity as IPM Group: publishing activities (NACE 58130). They are comparable in size and age: total assets between €4.3m and €268m, founded between 1948 and 1993.
| Company | Total assets | Turnover |
|---|---|---|
| IPM Group Etterbeek | €35.6m | €48.8m |
| VERBRUIKERS UNIE TEST AANKOOP Sint-Gillis (bij-Brussel) | €35.8m | €60.0m |
| Roularta Media Group Roeselare | €267.7m | €243.0m |
| KATHOLIEKE MEDIAGROEP Antwerpen | €9.2m | €7.9m |
| KEESING BELGIUM Antwerpen | €14.8m | €11.8m |
| Les Editions rurales - De Landelijke Uitgeverijen Brussel | €4.3m | €5.2m |
| EDITIONS CINE - REVUE Brussel | €7.0m | €12.6m |
Key facts about IPM Group
- What is the company number of IPM Group?
- The company number of IPM Group is 0403.508.716. The VAT number is the same number with BE in front: BE 0403.508.716.
- Where is IPM Group based?
- The registered office is at Frankenstraat 79, 1040 Etterbeek.Company details
- What does IPM Group do?
- According to the KBO register, the main activity is publishing activities (NACE 58130).
- What is the legal form of IPM Group?
- The legal form of IPM Group is Public limited company (NV).
- When was IPM Group founded?
- IPM Group was founded on 01-01-1968.
- Is IPM Group still active?
- Yes, IPM Group is an active enterprise in the KBO register.
- How many employees does IPM Group have?
- IPM Group had an average of 151.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does IPM Group fall under?
- In its 2025 annual accounts, IPM Group states joint committees 100 (Aanvullend Paritair Comité voor de werklieden) and 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of IPM Group?
- The turnover of IPM Group was €48.8m in financial year 2025, according to the filed annual accounts.
- Is IPM Group profitable?
- In financial year 2025, IPM Group made a loss of €4.4m.
- Where can I find the annual accounts of IPM Group?
- IPM Group filed 84 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IPM Group due?
- IPM Group must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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