Encima
The content of this factsheet is in Dutch.
Vanuit Torhout werkt Encima sinds 2002 als digitaal bureau (web & platform). Het team telt ongeveer 8 medewerkers (VTE). Het bureau is toegespitst op webdevelopment. De ervaring zit vooral in kmo's en bedrijven die digitaliseren (regio west-vlaanderen). Uit de publiek bekende klantenlijst: Kodi.immo, Studiebureau Jonckheere, Ontwerpbureau Pauwels.
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
Points to ask about- Zichtbaarheid verschoven · 1 Nov 2026 · Google Autocomplete
- Thin buffer · 31 Dec 2025 · NBBEquity 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 · NBBThe 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.
- Sharp headcount decline · 31 Dec 2024 · NBBAverage headcount fell by 15% or more in a year. That can be contraction, and just as easily a deliberate choice for fewer but more experienced people. Ask who left and who came in their place.
What this agency does well
- Profitable in every one of the last 5 years
- Margin per hour worked rose 3 years in a row
- Equity was earned, not injected (reserves 10,4× the capital contributed)
- Turnover below the median (21,7%)
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 | € 835.647 | € 740.676-11,4% | € 883.025+19,2% | € 672.496-23,8% | € 714.678+6,3% |
| EBITDA | € 184.573 | € 90.155 | € 81.822 | € -8.351 | € 106.068 |
| EBITDA margin | 22,1% | 12,2% | 9,3% | -1,2% | 14,8% |
| Staff | |||||
| FTE | 10,6 | 10,9+2,8% | 12,5+14,7% | 9,3-25,6% | 8,3-10,8% |
| Gross margin per FTE | € 78.835 | € 67.952 | € 70.642 | € 72.311 | € 86.106 |
| Payroll cost per FTE | € 59.789 | € 58.938 | € 64.040 | € 71.309 | € 72.760 |
| Balance sheet | |||||
| Equity | € 234.409 | € 170.469 | € 139.247 | € 130.680 | € 68.552 |
| Cash | € 220.226 | € 119.408 | € 45.058 | € 31.527 | € 18.186 |
| Liquidity ratio | 1,44 | 1,21 | 0,93 | 0,91 | 0,80 |
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 23/07/2026. 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.
What the agency actually does 1 services
Sector focus
Publicly known clients
Kodi.immo, Studiebureau Jonckheere, Ontwerpbureau Pauwels
Based on IKAg research and public sources. Incomplete or outdated? Let us know.
People 12 people mapped
This is first a build crew — 8 of 12 are developers. Within that core, Frontend, Backend and Full Stack stand out. Notably, no declared strategists in sight — this agency would rather make than philosophise.
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.
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 Encima
- When was Encima founded?
- In 2002.
- Where is Encima located?
- In Torhout, Belgium.
- What is Encima specialised in?
- Website development.
- How big is Encima?
- Around 8 full-time equivalents (financial year 2025).
- Who are the clients of Encima?
- Among others Kodi.immo, Studiebureau Jonckheere, Ontwerpbureau Pauwels.
Figures from the annual accounts up to financial year 2025. Company details checked against the CBE register on 2026-10-13.