City Cubes
The content of this factsheet is in Dutch.
City Cubes is een eventbureau met thuisbasis in Antwerpen, opgericht in 2012. Op de loonlijst staan ongeveer 13 voltijdse equivalenten. De dienstverlening draait om events en creatie & reclame.
11× BEA AwardsHow 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
- Board change · 6 Feb 2025 · StaatsbladAppointments or resignations on the board. Routine during growth, succession or a new partner. Ask about it when several changes follow each other closely.
What this agency does well
- Gross margin grew 4 years in a row
- Strong buffer: 20,9 months of payroll in equity
- Team grew (+5,0% FTE in the latest year)
- Value-added per euro of payroll above the sector median (1,82)
- Healthy working capital (current ratio 1,42)
- Equity was earned, not injected (reserves 49,2× the capital contributed)
- Comfortable cash position: 449 days of payroll
- Turnover below the median (15,2%)
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 | € 105.421 | € 893.610+747,7% | € 1,22 mln+36,8% | € 1,38 mln+12,7% | € 1,43 mln+3,6% |
| EBITDA | € -223.886 | € 453.133 | € 709.907 | € 743.807 | € 640.425 |
| EBITDA margin | - | 50,7% | 58,1% | 54% | 44,9% |
| Staff | |||||
| FTE | 6,8 | 9,2+35,3% | 10,2+10,9% | 11,9+16,7% | 12,5+5% |
| Gross margin per FTE | € 15.503 | € 97.131 | € 119.866 | € 115.768 | € 114.133 |
| Payroll cost per FTE | € 47.921 | € 46.701 | € 49.903 | € 53.076 | € 62.658 |
| Balance sheet | |||||
| Equity | € 664.543 | € 932.279 | € 1,04 mln | € 1,28 mln | € 1,36 mln |
| Cash | € 524.715 | € 555.254 | € 1,78 mln | € 371.405 | € 963.616 |
| Liquidity ratio | 0,95 | 1,51 | 1,94 | 1,49 | 1,42 |
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 29/07/2026. 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.
What the agency actually does 5 services
Sector focus
Publicly known clients
Lidl, Nalu, AG Insurance, Bank Van Breda, MINI, HP, Samsung, Carrefour, Nationale Loterij, Aveve, BMW Financial Services, TriFinance, Torfs, Škoda, Costa Coffee
Based on IKAg research and public sources. Incomplete or outdated? Let us know.
People 3 people mapped
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.
- 39% women
- 62% 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 2024: the last year for which nearly all accounts have been filed.
Award-winning work 11 award(s)
- BEA Awards GoldBusiness-to-Consumer · “Samsung Ferris Wheel” · source ↗
- BEA Awards GoldInstitutional Events · “FTI Express (Vlaamse Overheid)” · source ↗
- BEA Awards GoldB2C Events · “DS Podcastfestival (Mediahuis)” · source ↗
- BEA Awards GoldB2C Events · “Smile Safari” · source ↗
- BEA Awards GoldB2C Events · “Straffe Kost (Lidl)” · source ↗
- BEA Awards SilverB2C Events · “Lidl Pop-Up store at Tomorrowland (Lidl)” · source ↗
- BEA Awards BronzeB2C Events · “Kaffee van Antwerpen” · source ↗
- BEA Awards Bronze“Next Level: Het Grootste Licht van De Standaard” · source ↗
As published by the organising award shows, collected by IKAg.
Frequently asked questions about City Cubes
- When was City Cubes founded?
- In 2012.
- Where is City Cubes located?
- In Antwerpen, Belgium.
- What is City Cubes specialised in?
- Brand activation (incl. guerrilla), Events & experiences, Sponsorship & partnerships, Trade & retail activation (POS, in-store), Trade fairs & exhibitions.
- How big is City Cubes?
- Around 13 full-time equivalents (financial year 2025).
- Who are the clients of City Cubes?
- Among others Lidl, Nalu, AG Insurance, Bank Van Breda, MINI, HP, Samsung, Carrefour, Nationale Loterij, Aveve, BMW Financial Services, TriFinance, Torfs, Škoda, Costa Coffee.
Figures from the annual accounts up to financial year 2025. Company details checked against the CBE register on 2026-09-12.