What is Moizo specialised in?

Brand strategy & positioning, Marketing strategy, Brand identity & design, Website development, Website strategy & UX.

Around 4 full-time equivalents (financial year 2023).

Review: Moizo

Moizo is al ruim tien jaar actief als ux- & designstudio uit Kontich. Er werken ongeveer 4 mensen, uitgedrukt in voltijdse equivalenten. Het bureau combineert ux/ui design, webdevelopment, strategie en branding & identiteit. Sectoren waar het bureau vaak werkt: geen specifieke sectorfocus (full-service communicatie).

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

202120222023

Latest year: € 131.574 gross margin, growth +6,8% against a sector median of +6,8%.

At or above sector pace

MarginEBITDA / gross margin · value-added coverage

202120222023

MoizoSector median

EBITDA margin -62,7%, sector median 10,3%. Value-added coverage 0,61 (median 1,07).

Loss-making

Revenue per headGross margin per FTE, against payroll cost

€ 34.625

Median (2023) € 64.536

Against a payroll cost of € 56.168 per FTE. The ratio between the two is the coverage rate above.

Below the median

Yield levelYield per hour worked, against payroll cost

€ 23

Median (2023) € 42

5.701 hours worked, 1.500 per FTE. Against that sits € 37 of payroll cost per hour worked, leaving € -14 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: -5,7 months (median 4,0 mo). Equity in the latest year: € -102.059.

Critical buffer

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

Cash € 9.897. Liquidity ratio 0,50: current assets cover short-term debt not in full. Solvency -45%.

Not covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 501 days of supplier credit, sector median 52. The accounts were filed 206 days after closing; the legal deadline is seven months.

Pays slower than average

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

Change in legal status · 12 Jul 2026 · KBO
The official status of the company in the CBE changed. That ranges from an administrative correction to something very serious. Check the details and ask the agency for context.

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.

Legal status (CBE): Opening faillissement

What this agency does well

Margin per hour worked rose 2 years in a row
Turnover below the median (26,3%)

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.

3 financial years, 2021 to 2023Result, staff and balance sheet

	2021	2022	2023
Result
Gross margin	€ 17.306	€ 123.170+611,7%	€ 131.574+6,8%
EBITDA	€ -9.986	€ -83.369	€ -82.433
EBITDA margin	-57,7%	-67,7%	-62,7%
Staff
FTE	0,6	4,9+716,7%	3,8-22,4%
Gross margin per FTE	€ 28.843	€ 25.137	€ 34.625
Payroll cost per FTE	€ 44.739	€ 42.005	€ 56.168
Balance sheet
Equity	€ 118.149	€ 5.438	€ -102.059
Cash	€ 16.400	€ 21.796	€ 9.897
Liquidity ratio	0,85	0,75	0,50

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 24/07/2024. 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 2023: the last year for which nearly all accounts have been filed.

What the agency actually does 5 services

Strategy & Insights

Brand strategy & positioning Marketing strategy

Branding & Design

Brand identity & design

Digital Experience & Tech

Website development Website strategy & UX

Sector focus

Geen specifieke sectorfocus (full-service communicatie)

From our own research. The agency hasn't listed its sectors yet.

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

1

People 1 people mapped

CT

Cris Tiebackx

Projectmanager

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

€ 56.168

-8% versus the median

Team composition

3,8 FTE

67% women
33% men

€ 56.168

Median UX- & designstudio (2023) € 60.863All agencies (2023) € 57.168

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 2023

26,3%

Median for this type of agency (2023): 37,0%

Inflow 2023

26,3%

1,0 FTE in, 1,0 FTE out

Net team change

0,0 FTE

202120222023

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.