How big is Hotel Hungaria?

Around 0 full-time equivalents (financial year 2025).

Which sectors does Hotel Hungaria work for?

Sports & entertainment, Telecom & media.

Review: Hotel Hungaria

Q: Who are the clients of Hotel Hungaria?

Among others vdk bank, Kringwinkel, Recupel, Acerta, Fost Plus, Infrabel, Sensoa.

Hotel Hungaria is al ruim tien jaar actief als productiehuis uit Herent. Het aanbod is gericht op video & productie. Sectoren waar het bureau vaak werkt: broadcast/media, corporate, reclame en entertainment. Tot de publiek bekende klanten behoren vdk bank, Kringwinkel, Recupel en Acerta.

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: € -74.571 gross margin, growth - against a sector median of +11,2%.

Not enough history

MarginEBITDA / gross margin · value-added coverage

20212022202320242025

Hotel HungariaSector median

EBITDA margin -, sector median 41,6%. Value-added coverage 2.746,79 (median 1,44).

No margin data

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: 93.225,5 months (median 9,2 mo). Equity in the latest year: € 1,70 mln.

Adequate buffer

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

Cash € 547.097. Liquidity ratio 1,09: current assets cover short-term debt in full. Solvency 18%.

Tightly covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 83 days of supplier credit, sector median 43. The accounts were filed 224 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

1 red flag(s) (24m)

Signals in the last 24 months

Zichtbaarheid verschoven · 1 Sep 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Sep 2026 · Google Autocomplete
Late filing · 12 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.
Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete
Sharp drop in equity · 31 Dec 2025 · 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.
Board change · 10 Nov 2025 · Staatsblad
Appointments or resignations on the board. Routine during growth, succession or a new partner. Ask about it when several changes follow each other closely.
+ 4 older signals within 24m

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: 93.225,5 months of payroll in equity
Value-added per euro of payroll above the sector median (2.746,79)
Comfortable cash position: 914334 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	€ 150.723	€ 1,96 mln+1.200,2%	€ -456.818-123,3%	€ -2,74 mln	€ -74.571
EBITDA	€ 205.724	€ 685.826	€ -128.059	€ -626.539	€ 599.681
EBITDA margin	-	35%	-	-	-
Staff
FTE	37,6	43,5+15,7%	22,3-48,7%	0,0-100%	-
Gross margin per FTE	€ 4.009	€ 45.049	€ -20.485	-	-
Payroll cost per FTE	€ 57.697	€ 59.227	€ 55.316	-	-
Balance sheet
Equity	€ 2,94 mln	€ 3,51 mln	€ 2,46 mln	€ 1,31 mln	€ 1,70 mln
Cash	€ 613.219	€ 537.294	€ 699.304	€ 433.236	€ 547.097
Liquidity ratio	1,12	1,31	1,12	1,03	1,09

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 12/08/2026. 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 21 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 1 services

Content & Production

Video production

Sector focus

Finance & insuranceRetail & e-commerceB2B servicesMedia & entertainment

Publicly known clients

vdk bankKringwinkelRecupelAcertaFost PlusInfrabelSensoa

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

1

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

235,4%

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

Inflow 2023

40,4%

9,0 FTE in, 52,5 FTE out

Net team change

-43,5 FTE

2021202220232024

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

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.