Maister
The content of this factsheet is in Dutch.
Maister is een creatief bureau met thuisbasis in Roeselare. Er werken ongeveer 12 mensen, uitgedrukt in voltijdse equivalenten. Het aanbod bestrijkt creatie & reclame, ux/ui design en webdevelopment. Sectorieel richt het bureau zich vooral op west-vlaamse kmo's en vastgoed/interieur.
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 signalsWhat this agency does well
- EBITDA margin above the sector median (47,9%)
- Profitable in every one of the last 3 years
- Strong buffer: 46,0 months of payroll in equity
- Team grew (+14,2% FTE in the latest year)
- Value-added per euro of payroll above the sector median (2,03)
- No warning signals in the last 24 months
- Healthy working capital (current ratio 3,50)
- Equity was earned, not injected (reserves 137,5× the capital contributed)
- Comfortable cash position: 764 days of payroll
All the figures
Reference material, not a starting point. Expand it if you want to read the series yourself.
3 financial years, 2021 to 2023Result, staff and balance sheet
| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Result | |||
| Gross margin | € 1,47 mln | € 1,25 mln-14,8% | € 1,44 mln+14,6% |
| EBITDA | € 886.369 | € 696.287 | € 688.118 |
| EBITDA margin | 60,2% | 55,5% | 47,9% |
| Staff | |||
| FTE | 11,7 | 10,6-9,4% | 12,1+14,2% |
| Gross margin per FTE | € 125.812 | € 118.300 | € 118.762 |
| Payroll cost per FTE | € 43.445 | € 44.545 | € 55.426 |
| Balance sheet | |||
| Equity | € 1,86 mln | € 2,24 mln | € 2,57 mln |
| Cash | € 853.519 | € 756.080 | € 1,40 mln |
| Liquidity ratio | 3,46 | 3,50 | 3,50 |
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 2023, filed on 15/11/2023. 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 2023: the last year for which nearly all accounts have been filed.
What the agency actually does 4 services
Sector focus
Publicly known clients
Kaster, Poortman, DRUMDRUM, Straco, Hannibal, V1000, VDD Project Development, Modular, Aqualex, Xandres, Renson, Deceuninck, Ladurée, Floorify, Groep Huyzentruyt
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.
- 54% women
- 47% 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 2023. Calculations by IKAg; an indication, not financial advice. Sector medians based on financial year 2023: the last year for which nearly all accounts have been filed.
Frequently asked questions about Maister
- Where is Maister located?
- In Roeselare, Belgium.
- What is Maister specialised in?
- Campaign concepts & big ideas, Campaign execution, Website development, Website strategy & UX.
- How big is Maister?
- Around 12 full-time equivalents (financial year 2023).
- Which sectors does Maister work for?
- Construction & real estate, Interior & design.
- Who are the clients of Maister?
- Among others Kaster, Poortman, DRUMDRUM, Straco, Hannibal, V1000, VDD Project Development, Modular, Aqualex, Xandres, Renson, Deceuninck, Ladurée, Floorify, Groep Huyzentruyt.
Figures from the annual accounts up to financial year 2023. Company details checked against the CBE register on 2026-09-12.