What is Compagnon specialised in?

Brand strategy & positioning, Marketing strategy, Brand identity & design, Website development, Website strategy & UX.

Factsheet & Review

Compagnon

Branding agency · West Flanders

The content of this factsheet is in Dutch.

Vanuit Brugge werkt Compagnon sinds 2022 als brandingbureau. De opgegeven expertises zijn strategie, branding & identiteit, webdevelopment en ux/ui design.

How this agency makes money

Revenue, margin and what an hour of work brings in. Everything on the earning side sits together here.

Revenue trendgross margin per financial year

2022202320242025

Latest year: € 30.066 gross margin, growth -61,5% against a sector median of +6,6%.

Shrinking

MarginEBITDA / gross margin · value-added coverage

2022202320242025

CompagnonSector median

EBITDA margin 19,2%, sector median 32,2%. Value-added coverage 1,27 (median 1,29).

Below sector level

Can the agency take a hit

Buffer, cash position and payment behaviour side by side, so you can see where they disagree.

Bufferequity in months of payroll

Buffer: 2,2 months (median 6,3 mo). Equity in the latest year: € 3.881.

Thin buffer

Cash positionAvailable cash, and whether it covers short-term debt

Cash € 18.116. Liquidity ratio 0,90: current assets cover short-term debt not in full. Solvency 10,4%.

Tightly covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 142 days of supplier credit, sector median 74. The accounts were filed 188 days after closing; the legal deadline is seven months.

Pays slower than average

Signals and strengths

Events from the CBE and the Official Gazette over the past 24 months, plus positive markers derived from the figures.

Continuity

1 red flag(s) (24m)

Signals in the last 24 months

Thin buffer · 31 Dec 2025 · NBB
Equity covers less than three months of payroll. A limited reserve, and at many smaller agencies the normal state of affairs. Ask how the agency absorbs a setback.
Sharp drop in equity · 31 Dec 2025 · NBB
The financial reserve shrank by more than 30% over two financial years. A dividend, buying out a partner and a loss-making year all look the same here. Ask which of the three it was.
Board change · 28 May 2025 · Staatsblad
Appointments or resignations on the board. Routine during growth, succession or a new partner. Ask about it when several changes follow each other closely.
Loss-making year · 31 Dec 2024 · NBB
One financial year closed at a loss. The size is not shown here: it can be a few thousand euros, a one-off settlement, or a deliberate investment. Ask the agency what was behind it.
Critical buffer · 31 Dec 2024 · NBB
Equity covers less than one month of payroll. At an agency that pays out its profit every year this means something different than at one that is losing money. Ask where the reserve sits.
Low value-added coverage · 31 Dec 2024 · NBB
Every euro of payroll generates less than 95 cents of added value. That happens in a build-up year, with a lot of subcontracting, or under pressure on rates. Ask what explains it here.

Click a signal for a plain-language explanation. Each signal is a fact from a public source, without the agency's own context. Best to ask them directly.

What this agency does well

Comfortable cash position: 307 days of payroll

Each point is a fact from the filed annual accounts, measured against the same thresholds and sector medians as the signals above.

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	€ 6.308	€ 48.815+673,9%	€ 78.114+60%	€ 30.066-61,5%
EBITDA	€ 5.669	€ 2.073	€ -5.325	€ 5.764
EBITDA margin	89,9%	4,2%	-6,8%	19,2%
Staff
Balance sheet
Equity	€ 7.404	€ 7.850	€ 576	€ 3.881
Cash	€ 10.804	-	€ 4.264	€ 18.116
Liquidity ratio	2,07	1,11	0,91	0,90

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.
This agency files an abbreviated or micro scheme and therefore publishes no staff data. Seniority, turnover and hourly level cannot be derived. This is entirely legal and says nothing about quality.
The figures cover financial year 2025, filed on 07/07/2026. 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 2 Nov 2026. Sector medians based on financial year 2024: the last year for which nearly all accounts have been filed.

Frequently asked questions about Compagnon

When was Compagnon founded?: In 2022.
Where is Compagnon located?: In Brugge, Belgium.
What is Compagnon specialised in?: Brand strategy & positioning, Marketing strategy, Brand identity & design, Website development, Website strategy & UX.

All factsheets

Website: compagnon.agency →
Legal form: BV
Address: Baron Ruzettelaan 1 / 1.01, 8000 Brugge
Company number: BE0782.670.531
Sector position: Bigger than roughly 10% of its peers

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Your annual budget with this agency

Based on a gross margin of € 30.066 (financial year 2025).

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Figures from the annual accounts up to financial year 2025. Company details checked against the CBE register on 2026-10-13.