QBD Group
The content of this factsheet is in Dutch.
QBD Group is een bureau uit Wilrijk, actief sinds 2022. De bezetting ligt rond 27 VTE. Het bureau is toegespitst op strategie. De klanten komen vooral uit life sciences, pharma, biotech en medische hulpmiddelen. Uit de publiek bekende klantenlijst: Techdow Pharmaceutical.
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- Loss-making year · 31 Dec 2024 · NBBOne financial year closed at a loss. The size is not shown here: it can be a few thousand euros, a one-off settlement, or a deliberate investment. Ask the agency what was behind it.
What this agency does well
- Outgrew the sector median 2 years running
- EBITDA margin above the sector median (50,1%)
- Strong buffer: 466,9 months of payroll in equity
- Value-added per euro of payroll above the sector median (1,98)
- Margin per hour worked rose 2 years in a row
- Comfortable cash position: 106 days of payroll
- Turnover below the median (28,8%)
All the figures
Reference material, not a starting point. Expand it if you want to read the series yourself.
3 financial years, 2023 to 2025Result, staff and balance sheet
| 2023 | 2024 | 2025 | |
|---|---|---|---|
| Result | |||
| Gross margin | € 3,32 mln | € 4,05 mln+22% | € 4,95 mln+22,1% |
| EBITDA | € 735.320 | € 946.388 | € 2,48 mln |
| EBITDA margin | 22,1% | 23,4% | 50,1% |
| Staff | |||
| FTE | 27,2 | 31,6+16,2% | 27,1-14,2% |
| Gross margin per FTE | € 122.126 | € 128.249 | € 182.626 |
| Payroll cost per FTE | € 94.567 | € 95.722 | € 93.814 |
| Balance sheet | |||
| Equity | € 98,34 mln | € 98,56 mln | € 98,92 mln |
| Cash | € 1,39 mln | € 72.899 | € 736.860 |
| Liquidity ratio | 0,31 | 0,20 | 0,19 |
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 23/07/2026. 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 1 services
Sector focus
Health & pharma
Publicly known clients
Techdow Pharmaceutical
Based on IKAg research and public sources. Incomplete or outdated? Let us know.
People 18 people mapped
This team is built around client service: 4 of 18 are account & project. Within that core, Relatiebeheer, Projectleiding and Coördinatie stand out. The titles skew top-heavy: lots of seniority, few juniors — you're mostly buying experience. A specialist, not a generalist: the expertise is narrow but deep.
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.
- 59% women
- 41% 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 QBD Group
- When was QBD Group founded?
- In 2022.
- Where is QBD Group located?
- In Antwerpen, Belgium.
- What is QBD Group specialised in?
- Marketing strategy.
- How big is QBD Group?
- Around 27 full-time equivalents (financial year 2025).
- Which sectors does QBD Group work for?
- Healthcare & pharma.
- Who are the clients of QBD Group?
- Among others Techdow Pharmaceutical.
Figures from the annual accounts up to financial year 2025. Company details checked against the CBE register on 2026-10-13.