Around 8 full-time equivalents (financial year 2025).

Review: Exstatic

Q: What is Exstatic specialised in?

Content strategy & editorial, Copywriting & long-form content, Video production.

Q: Who are the clients of Exstatic?

Among others Aertssen Group, Foodbag, Deloitte, Stanley/Stella, Cambio, Rayon, Immo De Ras, Accountants Academy, Crop's, NowJobs.

Vanuit Lede werkt Exstatic sinds 2016 als productiehuis. Met ongeveer 8 VTE is dit een middelgroot bureau. Het bureau is toegespitst op video & productie en content & copy. Sectorieel richt het bureau zich vooral op b2b breed en employer branding. Uit de publiek bekende klantenlijst: Aertssen Group, Foodbag, Deloitte en Stanley/Stella.

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: € 540.959 gross margin, growth +18,8% against a sector median of +11,2%.

At or above sector pace

MarginEBITDA / gross margin · value-added coverage

20212022202320242025

ExstaticSector median

EBITDA margin 38,3%, sector median 41,6%. Value-added coverage 1,63 (median 1,44).

Healthy margin

Revenue per headGross margin per FTE, against payroll cost

€ 71.179

Median (2024) € 71.844

Against a payroll cost of € 40.405 per FTE. The ratio between the two is the coverage rate above.

Around the median

Yield levelYield per hour worked, against payroll cost

€ 40

Median (2024) € 44

13.695 hours worked, 1.802 per FTE. Against that sits € 22 of payroll cost per hour worked, leaving € 17 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: 13,6 months (median 9,2 mo). Equity in the latest year: € 373.339.

Adequate buffer

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

Cash € 199.280. Liquidity ratio 1,31: current assets cover short-term debt in full. Solvency 25,8%.

Amply covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 8 days of supplier credit, sector median 43. The accounts were filed 204 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

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

Gross margin grew 4 years in a row
Profitable in every one of the last 5 years
Strong buffer: 13,6 months of payroll in equity
Team grew (+5,6% FTE in the latest year)
Value-added per euro of payroll above the sector median (1,63)
Healthy working capital (current ratio 1,31)
Equity was earned, not injected (reserves 310,1× the capital contributed)
Comfortable cash position: 237 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	€ 81.614	€ 363.589+345,5%	€ 413.417+13,7%	€ 455.226+10,1%	€ 540.959+18,8%
EBITDA	€ 55.493	€ 316.751	€ 244.846	€ 221.825	€ 207.437
EBITDA margin	68%	87,1%	59,2%	48,7%	38,3%
Staff
FTE	1,0	1,7+70%	5,5+223,5%	7,2+30,9%	7,6+5,6%
Gross margin per FTE	€ 81.614	€ 213.876	€ 75.167	€ 63.226	€ 71.179
Payroll cost per FTE	€ 24.566	€ 27.177	€ 29.963	€ 32.288	€ 40.405
Balance sheet
Equity	€ 43.715	€ 257.941	€ 353.195	€ 364.822	€ 373.339
Cash	€ 51.759	€ 27.393	€ 55.633	€ 112.353	€ 199.280
Liquidity ratio	0,97	0,59	0,99	1,24	1,31

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 14 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 3 services

Content & Production

Content strategy & editorial Copywriting & long-form content Video production

Sector focus

Real estate & constructionFood & beverageB2B servicesFashion & lifestyleAutomotive & mobility

Publicly known clients

Aertssen GroupFoodbagDeloitteStanley/StellaCambioRayonImmo De RasAccountants AcademyCrop'sNowJobs

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

1

People 10 people mapped

The heart of this team is creative: 8 of 10 profiles are makers. Within that core, Video, Fotografie and Motion stand out. A specialist, not a generalist: the expertise is narrow but deep. Notably, no declared strategists in sight — this agency would rather make than philosophise.

B

Bonaventure

Co-Founder - DOP - Videographer

R

Reinout

Co-Founder - DOP - Videographer

B

Bauke

Video & photo editor - camera operator

I

Ine

Senior project manager - Teamlead

J

Jasper

Video & photo editor

J

Joao

Video & photo editor - camera operator

L

Lotte

Project Manager

M

Maarten

Video & photo editor - photographer

R

Rune

Video editor - motion graphics - animations

S

Siebe

Video & photo editor - camera operator

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

€ 40.405

-21% versus the median

Team composition

7,6 FTE

56% women
44% men

€ 40.405

Median Productiehuis (2024) € 51.086All agencies (2024) € 59.069

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 2025

76,3%

Median for this type of agency (2024): 30,6%

Inflow 2025

36,8%

2,8 FTE in, 5,8 FTE out

Net team change

-3,0 FTE

20212022202320242025

Exits are clearly above what is usual for this type of agency. That may reflect project-based staffing, but it is a reason to ask in the pitch how much of the proposed team was already here two years ago, and to contractually fix your permanent contacts.

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.