Antenna: digital product studio
Antenna bedenkt en bouwt digitale platformen, software en webapplicaties op maat.
The content of this factsheet is in Dutch.
Antenna is een digitaal bureau (web & platform) uit Gent, actief sinds 2016. Met ongeveer 9 VTE is dit een middelgroot bureau. Het bureau is toegespitst op webdevelopment en ux/ui design. De ervaring zit vooral in ambitieuze bedrijven die digitaliseren en duurzaamheidsgerichte projecten. Uit de publiek bekende klantenlijst: Weemaes Glas, Lemahieu Group, o2o Bicycle Lease en Unizo.
Digital done right
Antenna bedenkt en bouwt digitale platformen, software en webapplicaties op maat.
Ze willen de strategisch-technische partner zijn voor KMO’s die digitaal vooruit willen.
Antenna bestaat uit een team van 12 mensen:
- 8 developers (3 webdevelopers en 5 full stack)
- 2 digitale strategen
- 1 UX
- 1 PM
Wat ze niet doen: marketing, content.
Zelf omschrijven ze hun cultuur als: dicht bij de klant, enthousiasme, betrokken, luisteren, puntjes op de i.
How this agency makes money
Revenue, margin and what an hour of work brings in. Everything on the earning side sits together here.
Can the agency take a hit
Buffer, cash position and payment behaviour side by side, so you can see where they disagree.
Signals and strengths
Events from the CBE and the Official Gazette over the past 24 months, plus positive markers derived from the figures.
Continuity
No serious signals- Zichtbaarheid verschoven · 1 Sep 2026 · Google Autocomplete
- Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete
- Registered office moved · 1 Jun 2026 · StaatsbladThe registered office relocated. Usually just a new office.
What this agency does well
- Profitable in every one of the last 5 years
- Team grew (+95,5% FTE in the latest year)
- Healthy working capital (current ratio 1,49)
- Equity was earned, not injected (reserves 22,4× the capital contributed)
- Comfortable cash position: 87 days of payroll
- Turnover below the median (24,4%)
All the figures
Reference material, not a starting point. Expand it if you want to read the series yourself.
5 financial years, 2021 to 2025Result, staff and balance sheet
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Result | |||||
| Gross margin | € 62.381 | € 325.855+422,4% | € 418.168+28,3% | € 414.022-1% | € 555.028+34,1% |
| EBITDA | € 11.873 | € 93.091 | € 58.199 | € 44.017 | € 31.293 |
| EBITDA margin | 19% | 28,6% | 13,9% | 10,6% | 5,6% |
| Staff | |||||
| FTE | 1,4 | 4,6+228,6% | 5,4+17,4% | 4,4-18,5% | 8,6+95,5% |
| Gross margin per FTE | € 44.558 | € 70.838 | € 77.439 | € 94.096 | € 64.538 |
| Payroll cost per FTE | € 32.644 | € 50.237 | € 66.362 | € 83.761 | € 60.749 |
| Balance sheet | |||||
| Equity | € 67.082 | € 124.193 | € 124.802 | € 142.104 | € 145.381 |
| Cash | € 48.028 | € 149.512 | € 176.828 | € 116.501 | € 125.221 |
| Liquidity ratio | 1,47 | 1,60 | 1,44 | 1,56 | 1,49 |
Payroll cost per FTE comes from the social report where available, otherwise from the Remuneration line. Both are gross costs including employer contributions.
What this factsheet does not know
- How good the work is. Figures do not measure creativity, strategy or chemistry.
- How the client portfolio is spread. Concentration is not in the accounts.
- Freelancers and subcontractors are not in the FTE figures. An agency with 40 staff may in practice run with 70 people.
- The figures cover financial year 2025, filed on 27/03/2026. At a fast-moving agency reality today may differ.
Based on publicly filed annual accounts (NBB) and official records (CBE, Belgian Official Gazette). An indication, not financial advice. Sector medians calculated on 2 Nov 2026. Sector medians based on financial year 2025: the last year for which nearly all accounts have been filed.
What the agency actually does 2 services
Sector focus
Publicly known clients
Based on IKAg research and public sources. Incomplete or outdated? Let us know.
People 13 people mapped
We mapped 13 people, but this agency keeps job titles to itself — the team page sticks to names. Who does what is best asked over coffee.
Based on public profiles. Something wrong? Let us know.
Seniors or juniors?
Payroll cost per FTE is the best public proxy for a team's experience level. Higher is not automatically better, but it says something about who sits at the table.
- 31% women
- 69% men
Will your team stay?
Inflow and outflow from the social report. This series only counts people on the payroll: freelancers who invoice do not appear in it. A low figure therefore means two very different things, a stable permanent team or a small core with heavy outsourcing. A high figure usually points to short contracts. Compare only within the same type of agency.
Source: annual accounts and social reports (NBB), collected by IKAg. Financial year 2025. Calculations by IKAg; an indication, not financial advice. Sector medians based on financial year 2025: the last year for which nearly all accounts have been filed.
Frequently asked questions about Antenna
- When was Antenna founded?
- In 2017.
- Where is Antenna located?
- In Gent, Belgium.
- What is Antenna specialised in?
- Website development, Website strategy & UX, UX, Digital product studio, Mobile app development, Web platform.
- How big is Antenna?
- Around 9 full-time equivalents (financial year 2025).
- Which sectors does Antenna work for?
- Energy & environment, Industry & manufacturing.
- Who are the clients of Antenna?
- Among others O2O, Weemaes, Molecubes.
Figures from the annual accounts up to financial year 2025. Company details checked against the CBE register on 2026-10-13.