Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
42 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BSCOVERY from Etterbeek, company number BE0475918820, closed financial year 2025 with a result of € -530,581 after tax. For that financial year BSCOVERY recorded a gross margin of € 391,971 and equity of € 1.7 million. Compared with financial year 2024, the result moved from € -178,513 to € -530,581. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 1.7 million
▼ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -530,581
▼ 197 % more loss than in 2024
Profit after tax over the fiscal year.
€ 132,938
▲ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
People and assets in 2025
€ 4,596
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 154,467
▼ 77% vs 2024
€ 66,396 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 140,535
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | - | - | € 31,594 | € 391,971 | ▲ € 360,377 |
| Profit after taxes | € -54,597 | € -271,616 | € -178,513 | € -530,581 | ▼ € 352,068 |
| Equity | € -329,203 | € 2,363,794 | € 2,185,281 | € 1,654,700 | ▼ 24% |
| Total debts | € 9,140,477 | € 6,679,499 | € 7,450,227 | € 10,445,225 | ▲ 40% |
| Cash | € 11,070 | € 47,868 | € 104,356 | € 132,938 | ▲ 27% |
| Retained profit | € -390,703 | € -662,319 | € -840,832 | € -1,371,413 | ▼ € 530,581 |
| Bank debt | € 1,822,363 | € 1,731,993 | € 685,810 | € 154,467 | ▼ 77% |
| Balance sheet total | € 8,811,274 | € 9,043,293 | € 9,635,507 | € 12,099,925 | ▲ 26% |
Key figures of BSCOVERY, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BSCOVERY?
What happened at BSCOVERY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- CONCEPT MULTIMEDIA BELGIUM stepped down as director. NBB
- FIN LEASE stepped down as director. NBB
- MAJA SA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 530,581. Source: NBB ↗
- AXEMEDIA stepped down as director. NBB
- IPM GROUP stepped down as director. NBB
- IPM PETITE ILE stepped down as director. NBB
- CONCEPT MULTIMEDIA BELGIUM became a director. NBB
In short
From € 54,597 loss in 2022 to € 530,581 loss in 2025.
A new publication or filing at BSCOVERY? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of IPM Group, MAJA Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BSCOVERYThe shares are held by IPM Group (94%) and MAJA Group (94%). It owns 100% of Atlas Reizen, 100% of CONTINENTS INSOLITES FRANCE, 100% of TRAVEL TEAM, 100% of WANTOTRAVEL, 100% of ADGV and 71.4% of Travel Corp itself.
Directors
According to the 2025 annual accounts
Director
Also active at: B en M, ASSOCIATION DES GRANDS VOYAGEURS- VERENIGING VOOR GROTE REIZIGERS, FUN RADIO BELGIQUE, WantoTravel, IPM RADIO, LES NEWS 24, SAGEVAS
since 2019 · until 2025
Director · represented by Philippe le Hodey
Also active at: FUN RADIO BELGIQUE, WantoTravel, SAGEVAS
since 2019 · until 2025
Director · represented by François Le Hodey
since 2025 · until 2031
Director · represented by Patrice Le Hodey
since 2025 · until 2031
Director · represented by Philippe Le Hodey
Also active at: B en M, ASSOCIATION DES GRANDS VOYAGEURS- VERENIGING VOOR GROTE REIZIGERS, WantoTravel, EUROPEAN TELEMATICS, IPM RADIO, LES NEWS 24, SAGEVAS
since 2025 · until 2031
Director · represented by Patrice le Hodey
Also active at: B en M, MICRO - FM, ASSOCIATION DES GRANDS VOYAGEURS- VERENIGING VOOR GROTE REIZIGERS, FUN RADIO BELGIQUE, FM DEVELOPPEMENT, WantoTravel, IPM RADIO, YAGO +3 more
since 2019 · until 2025
Shareholders
94%
94%
Participations
100%
CONTINENTS INSOLITES FRANCE
100%
100%
100%
100%
71.4%
Establishments
Establishment units
Physical locations of this company
Frankenstraat 79
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 42 companies are registered at this address.
All companies at this address →IPM Group same network
€ 48.8 million revenue · 2025
IPM Petite Ile same network
€ 2.9 million revenue · 2025
TRAVEL TEAM CONSULT and REPRESENTATIVE same network
€ 1 million gross margin · 2025
Axemédia same network
€ 1.5 million gross margin · 2025
MICRO - FM same network
€ 13,547 gross margin · 2025
+37 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0475.918.820
- VAT number
- BE 0475.918.820
- Registered office
- Frankenstraat 79, 1040 Etterbeek
- Names & denominations
- BSCOVERY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 October 2001
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
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