Flux
The content of this factsheet is in Dutch.
Flux werkt ruim tien jaar als digitaal bureau (web & platform) uit Antwerpen. Met ongeveer 14 VTE is dit een middelgroot bureau. De opgegeven expertise is webdevelopment en ux/ui design. Sectoren waar het bureau vaak werkt: kmo's en bedrijven met productconfiguratie/e-commerce noden. Publiek gekende klanten zijn onder meer I Love Maatkasten, Brico, Hulo en Horeca Partners.
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
No serious signals- Zichtbaarheid verschoven · 1 Nov 2026 · Google Autocomplete
- Zichtbaarheid verschoven · 1 Oct 2026 · Google Autocomplete
- Zichtbaarheid verschoven · 1 Sep 2026 · Google Autocomplete
- Late filing · 28 Aug 2026 · NBBThe 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.
- Late filing · 31 Aug 2025 · NBBThe 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.
What this agency does well
- Gross margin grew 4 years in a row
- Outgrew the sector median 2 years running
- EBITDA margin above the sector median (26,0%)
- Profitable in every one of the last 5 years
- Strong buffer: 14,4 months of payroll in equity
- Team grew (+16,2% FTE in the latest year)
- Value-added per euro of payroll above the sector median (1,35)
- Margin per hour worked rose 2 years in a row
- Healthy working capital (current ratio 4,16)
- Comfortable cash position: 326 days of payroll
- Turnover below the median (23,6%)
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 | € 603.088 | € 934.070+54,9% | € 957.827+2,5% | € 1,06 mln+10,5% | € 1,28 mln+20,5% |
| EBITDA | € 124.103 | € 375.018 | € 249.548 | € 302.852 | € 331.259 |
| EBITDA margin | 20,6% | 40,1% | 26,1% | 28,6% | 26% |
| Staff | |||||
| FTE | 11,8 | 12,6+6,8% | 14,8+17,5% | 14,2-4,1% | 16,5+16,2% |
| Gross margin per FTE | € 51.109 | € 74.133 | € 64.718 | € 74.559 | € 77.303 |
| Payroll cost per FTE | € 40.055 | € 40.699 | € 47.388 | € 52.637 | € 56.701 |
| Balance sheet | |||||
| Equity | € 484.647 | € 749.708 | € 892.324 | € 1,03 mln | € 1,12 mln |
| Cash | € 590.926 | € 773.487 | € 930.510 | € 1,01 mln | € 835.517 |
| Liquidity ratio | 2,91 | 3,44 | 3,86 | 4,91 | 4,16 |
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 28/08/2026. 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 2 services
Sector focus
Publicly known clients
Based on IKAg research and public sources. Incomplete or outdated? 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.
- 21% women
- 79% men
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 2025: the last year for which nearly all accounts have been filed.
Frequently asked questions about Flux
- When was Flux founded?
- In 2015.
- Where is Flux located?
- In Antwerpen, Belgium.
- What is Flux specialised in?
- Website development, Website strategy & UX.
- How big is Flux?
- Around 17 full-time equivalents (financial year 2025).
- Which sectors does Flux work for?
- Retail & e-commerce.
- Who are the clients of Flux?
- Among others I Love Maatkasten, Brico, Hulo, Horeca Partners, Legia Capital, Casa Real.
Figures from the annual accounts up to financial year 2025. Company details checked against the CBE register on 2026-10-13.