Review: Dualoop

Q: Who are the clients of Dualoop?

Among others UBench, Intigriti, Bops, Loop Earplugs, Novable, Nodalview, Oper, Solvay, Tapio, Yago, Myskillcamp.

Sinds 2020 is Dualoop actief als ux- & designstudio uit Elsene. Het bureau is toegespitst op ux/ui design. De ervaring zit vooral in startups, scale-ups en technologiebedrijven en bedrijven in digitale transformatie.

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

2021202220232024

Latest year: € 29.028 gross margin, growth +192,2% against a sector median of -4,2%.

At or above sector pace

MarginEBITDA / gross margin · value-added coverage

2021202220232024

DualoopSector median

EBITDA margin 96,9%, sector median 11,7%. Value-added coverage - (median 1,05).

Healthy margin

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: - (median 3,3 mo). Equity in the latest year: € 15.935.

No buffer data

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

Cash € 7.220. Liquidity ratio 1,60: current assets cover short-term debt in full. Solvency 61,4%.

Amply covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 45 days of supplier credit, sector median 52. The accounts were filed 243 days after closing; the legal deadline is seven months.

Filed late

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

Points to ask about

Signals in the last 24 months

Late filing · 26 Aug 2026 · NBB
The 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.
Loss-making year · 31 Dec 2025 · 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.
Late filing · 31 Aug 2025 · NBB
The 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.
Sharp drop in equity · 31 Dec 2024 · 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.

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

EBITDA margin above the sector median (96,9%)
Healthy working capital (current ratio 1,60)

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.

4 financial years, 2021 to 2024Result, staff and balance sheet

	2021	2022	2023	2024
Result
Gross margin	€ 23.871	€ 11.803-50,6%	€ 9.935-15,8%	€ 29.028+192,2%
EBITDA	€ 19.777	€ 11.157	€ 9.177	€ 28.121
EBITDA margin	82,8%	94,5%	92,4%	96,9%
Staff
Balance sheet
Equity	€ 26.694	€ 26.962	€ 1.150	€ 15.935
Cash	€ 20.097	€ 6.604	€ 34.931	€ 7.220
Liquidity ratio	0,91	1,17	0,74	1,60

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 26/08/2026. 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 1 services

Digital Experience & Tech

Website strategy & UX

Sector focus

Technology & softwareB2B servicesFinance & insurance

Publicly known clients

UBench, Intigriti, Bops, Loop Earplugs, Novable, Nodalview, Oper, Solvay, Tapio, Yago, Myskillcamp

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

1

People 3 people mapped

Strategy weighs heavily here: 3 of 3 are strategists. Within that core, Scrum/Agile and Projectleiding stand out. A small team: short lines, little noise between you and the makers.

AD

Alexia Dubail

GR

Guillaume Regnier

TG

Timote Geimer

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