Open Up Media
The content of this factsheet is in Dutch.
Open Up Media is een digitaal bureau (web & platform) uit Antwerpen, actief sinds 2013. Met ongeveer 11 VTE is dit een middelgroot bureau. De opgegeven expertises zijn webdevelopment, strategie, branding & identiteit en ux/ui design. De ervaring zit vooral in kmo, zelfstandigen, overheid en internationaal. Uit de publiek bekende klantenlijst: BrightWolves, Fortino Capital en Astrea Law.
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
Points to ask about- Zichtbaarheid verschoven · 1 Nov 2026 · Google Autocomplete
- Zichtbaarheid verschoven · 1 Sep 2026 · Google Autocomplete
- Late filing · 31 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.
- Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete
- Thin buffer · 31 Dec 2025 · NBBEquity covers less than three months of payroll. A limited reserve, and at many smaller agencies the normal state of affairs. Ask how the agency absorbs a setback.
What this agency does well
- Gross margin grew 4 years in a row
- Outgrew the sector median 4 years running
- Profitable in every one of the last 5 years
- Team grew (+14,0% FTE in the latest year)
- Healthy working capital (current ratio 1,46)
- Equity was earned, not injected (reserves 8,6× the capital contributed)
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 | € 501.137 | € 580.879+15,9% | € 697.895+20,1% | € 759.697+8,9% | € 936.938+23,3% |
| EBITDA | € 118.610 | € 110.351 | € 101.289 | € 62.158 | € 121.035 |
| EBITDA margin | 23,7% | 19% | 14,5% | 8,2% | 12,9% |
| Staff | |||||
| FTE | 7,2 | 8,4+16,7% | 9,6+14,3% | 10,7+11,5% | 12,2+14% |
| Gross margin per FTE | € 69.602 | € 69.152 | € 72.697 | € 71.000 | € 76.798 |
| Payroll cost per FTE | € 52.668 | € 55.793 | € 52.127 | € 64.950 | € 66.633 |
| Balance sheet | |||||
| Equity | € 121.376 | € 136.057 | € 155.928 | € 158.992 | € 178.888 |
| Cash | € 137.719 | € 146.088 | € 122.222 | € 90.297 | € 83.652 |
| Liquidity ratio | 1,68 | 1,48 | 1,51 | 1,58 | 1,46 |
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 31/08/2026. 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 5 services
Sector focus
Publicly known clients
Based on IKAg research and public sources. Incomplete or outdated? Let us know.
People 15 people mapped
This is first a build crew — 7 of 15 are developers. Notably, no declared strategists in sight — this agency would rather make than philosophise.
Based on public profiles. Something wrong? 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.
- 13% women
- 87% 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 Open Up Media
- When was Open Up Media founded?
- In 2013.
- Where is Open Up Media located?
- In Antwerpen, Belgium.
- What is Open Up Media specialised in?
- Brand strategy & positioning, Marketing strategy, Brand identity & design, Website development, Website strategy & UX.
- How big is Open Up Media?
- Around 12 full-time equivalents (financial year 2025).
- Who are the clients of Open Up Media?
- Among others BrightWolves, Fortino Capital, Astrea Law.
Figures from the annual accounts up to financial year 2025. Company details checked against the CBE register on 2026-10-13.