Blue Mango Design
The content of this factsheet is in Dutch.
Blue Mango Design is een brandingbureau met thuisbasis in Brussel, opgericht in 2014. Er werken ongeveer 310073 mensen, uitgedrukt in voltijdse equivalenten. Ze werken rond branding & identiteit, creatie & reclame en events.
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 Sep 2026 · Google Autocomplete
- Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete
- Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete
- Late filing · 1 Feb 2026 · NBBThe annual accounts were filed after the statutory deadline. Over a third of the sector does this, usually because of the accountant's calendar. Rarely a story in itself.
- Late filing · 28 Feb 2025 · NBBThe annual accounts were filed after the statutory deadline. Over a third of the sector does this, usually because of the accountant's calendar. Rarely a story in itself.
What this agency does well
- EBITDA margin above the sector median (36,3%)
- Strong buffer: 35,3 months of payroll in equity
- Team grew (+7.210.895,3% FTE in the latest year)
- Value-added per euro of payroll above the sector median (1,60)
- Healthy working capital (current ratio 4,24)
- Equity was earned, not injected (reserves 31,0× the capital contributed)
- Comfortable cash position: 543 days of payroll
- Turnover below the median (0,0%)
All the figures
Reference material, not a starting point. Expand it if you want to read the series yourself.
4 financial years, 2022 to 2025Result, staff and balance sheet
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Result | ||||
| Gross margin | € 392.537 | € 438.673+11,8% | € 365.357-16,7% | € 510.241+39,7% |
| EBITDA | € 77.763 | € 174.447 | € 65.890 | € 185.131 |
| EBITDA margin | 19,8% | 39,8% | 18% | 36,3% |
| Staff | ||||
| FTE | 4,4 | 3,7-15,9% | 4,3+16,2% | 310.072,8+7.210.895,3% |
| Gross margin per FTE | € 89.213 | € 118.560 | € 84.967 | € 2 |
| Payroll cost per FTE | € 68.412 | € 67.720 | € 63.113 | € 64.599 |
| Balance sheet | ||||
| Equity | € 840.137 | € 863.038 | € 836.167 | € 913.160 |
| Cash | € 566.040 | € 596.223 | € 522.540 | € 461.590 |
| Liquidity ratio | 4,64 | 3,85 | 4,27 | 4,24 |
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 01/02/2026. 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 21 Sep 2026. Sector medians based on financial year 2024: the last year for which nearly all accounts have been filed.
Sector focus
Publicly known clients
Lotus Bakeries, La Martiniquaise, Centho, Lidl, General Mills, Guylian, Sanofi, Metagenics, Vemedia, Suntory Beverages, Sofidel, GB Foods, Unilever, Duvel Moortgat, Croix Rouge de Belgique
Based on IKAg research and public sources. Incomplete or outdated? 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.
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 2024: the last year for which nearly all accounts have been filed.
Frequently asked questions about Blue Mango Design
- When was Blue Mango Design founded?
- In 2014.
- Where is Blue Mango Design located?
- In Brussel, Belgium.
- What is Blue Mango Design specialised in?
- Brand strategy & positioning, Brand identity & design, Packaging design, Campaign concepts & big ideas, Campaign execution, Brand activation (incl. guerrilla).
- How big is Blue Mango Design?
- Around 310073 full-time equivalents (financial year 2025).
- Which sectors does Blue Mango Design work for?
- Retail & e-commerce, Food & beverage, Healthcare & pharma.
- Who are the clients of Blue Mango Design?
- Among others Lotus Bakeries, La Martiniquaise, Centho, Lidl, General Mills, Guylian, Sanofi, Metagenics, Vemedia, Suntory Beverages, Sofidel, GB Foods, Unilever, Duvel Moortgat, Croix Rouge de Belgique.
Figures from the annual accounts up to financial year 2025. Company details checked against the CBE register on 2026-09-12.