What is Digital Nomads specialised in?

Paid social, Search advertising (SEA), Organic social content, Social strategy & platform mix.

How big is Digital Nomads?

Around 3 full-time equivalents (financial year 2025).

Review: Digital Nomads

Q: Who are the clients of Digital Nomads?

Among others EGS Group, MH Klima Solutions, FIKA foodbar, DeinzeShopping, Dermaline, EGS Industry, Domein Fonteinhof, Bocars.

Digital Nomads is een full-service bureau met thuisbasis in Brussel, opgericht in 2018. Met ongeveer 3 VTE is dit een klein bureau. De opgegeven expertise is social media en paid media (sea/social/display). De ervaring zit vooral in generalistisch b2b/b2c en klantgericht. Publiek gekende klanten zijn onder meer EGS Group, MH Klima Solutions, FIKA foodbar en DeinzeShopping.

1

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

20212022202320242025

Latest year: € 199.781 gross margin, growth -1% against a sector median of +1,7%.

Growing slower than the sector

MarginEBITDA / gross margin · value-added coverage

20212022202320242025

Digital NomadsSector median

EBITDA margin 14,8%, sector median 23,9%. Value-added coverage 1,17 (median 1,27).

Healthy margin

Revenue per headGross margin per FTE, against payroll cost

€ 66.594

Median (2025) € 78.251

Against a payroll cost of € 56.715 per FTE. The ratio between the two is the coverage rate above.

Below the median

Yield levelYield per hour worked, against payroll cost

€ 41

Median (2025) € 49

4.864 hours worked, 1.621 per FTE. Against that sits € 35 of payroll cost per hour worked, leaving € 6 for premises, equipment, depreciation and profit.

Below the median

No hourly rate follows from this. Gross margin is already net of services and sundry goods, which mixes rebilled production with the agency's own overhead, and the accounts do not say how many hours were billable. Deriving a rate from this systematically understates it.

2

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: 9,1 months (median 5,8 mo). Equity in the latest year: € 128.510.

Adequate buffer

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

Cash € 58.363. Liquidity ratio 3,69: current assets cover short-term debt in full. Solvency 74,1%.

Amply covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 16 days of supplier credit, sector median 54. The accounts were filed 205 days after closing; the legal deadline is seven months.

Pays and files on time

3

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

Signals in the last 24 months

Registered office moved · 30 Sep 2026 · Staatsblad
The registered office relocated. Usually just a new office.
Zichtbaarheid verschoven · 1 Sep 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Sep 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete

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

Strong buffer: 9,1 months of payroll in equity
Stable team (no meaningful FTE loss)
Healthy working capital (current ratio 3,69)
Equity was earned, not injected (reserves 13,5× the capital contributed)
Comfortable cash position: 125 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.

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	€ 20.090	€ 117.135+483%	€ 170.241+45,3%	€ 201.849+18,6%	€ 199.781-1%
EBITDA	€ -31.594	€ 43.742	€ 40.867	€ 42.755	€ 29.635
EBITDA margin	-	37,3%	24%	21,2%	14,8%
Staff
FTE	1,0	1,3+30%	2,4+84,6%	3,0+25%	3,00%
Gross margin per FTE	€ 20.090	€ 90.104	€ 70.934	€ 67.283	€ 66.594
Payroll cost per FTE	€ 47.311	€ 51.905	€ 52.116	€ 53.031	€ 56.715
Balance sheet
Equity	€ 63.688	€ 98.059	€ 122.162	€ 115.382	€ 128.510
Cash	€ 29.772	€ 52.107	€ 82.795	€ 72.026	€ 58.363
Liquidity ratio	2,41	3,73	3,77	4,09	3,69

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 24/07/2026. 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 2025: the last year for which nearly all accounts have been filed.

What the agency actually does 4 services

Media

Paid social Search advertising (SEA)

Social, Influencer & Community

Organic social content Social strategy & platform mix

Sector focus

Food & beverageRetail & e-commerceEnergy & utilitiesAutomotive & mobilityTravel & hospitality

Publicly known clients

EGS GroupMH Klima SolutionsFIKA foodbarDeinzeShoppingDermalineEGS IndustryDomein FonteinhofBocars

Based on IKAg research and public sources. Incomplete or outdated? Let us know.

1

People 4 people mapped

Digital marketing is the engine: 3 of 4 profiles sit there. Within that core, Content Marketing, Social Media and SEO stand out. A small team: short lines, little noise between you and the makers.

MW

Ming Wai Leung

Chief Nomad

JB

Jeremie Boissevain

Online Marketeer

MR

Manon Rogiers

Online Marketeer

RS

Romina Stouten

Online Marketing Lead

Based on public profiles. Something wrong? Let us know.

2

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.

Payroll cost per FTE

€ 56.715

-6% versus the median

Team composition

3,0 FTE

67% women
33% men

€ 56.715

Median Full-service bureau (2025) € 60.368All agencies (2025) € 62.294

Read with care. Directors and partners invoicing through a management company are not in the payroll cost. At small agencies this skews the picture downwards considerably.

3

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.

Exits 2023

/

Median for this type of agency (2025): 31,1%

Inflow 2023

41,7%

20212022202320242025

Figures for financial year 2023: in 2025 this agency published no inflow or outflow.

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.