Around 18 full-time equivalents (financial year 2025).

Review: Qite

Q: What is Qite specialised in?

Website development, Website strategy & UX.

Q: Who are the clients of Qite?

Among others Associated Weavers, Beneo, Hamann, Matexi, vdk bank, Lineas, Koning Aap, VPK Group, Vervaeke.

Qite werkt ruim tien jaar als digitaal bureau (web & platform) uit Gent. Op de loonlijst staan ongeveer 18 voltijdse equivalenten. De opgegeven expertise is webdevelopment en ux/ui design. Het zwaartepunt ligt bij opdrachtgevers uit financiele sector en organisaties met digitaliseringsbehoefte. Publiek gekende klanten zijn onder meer Associated Weavers, Beneo, Hamann en Matexi.

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: € 1,67 mln gross margin, growth +29,7% against a sector median of +3,1%.

At or above sector pace

MarginEBITDA / gross margin · value-added coverage

20212022202320242025

QiteSector median

EBITDA margin 2,4%, sector median 22,6%. Value-added coverage 1,03 (median 1,23). Value-added coverage sits in the sector-wide grey zone (0.95-1.15): context, not an alarm.

Below sector level

Revenue per headGross margin per FTE, against payroll cost

€ 93.542

Median (2024) € 74.646

Against a payroll cost of € 86.539 per FTE. The ratio between the two is the coverage rate above.

Above the median

Yield levelYield per hour worked, against payroll cost

€ 54

Median (2024) € 46

30.618 hours worked, 1.720 per FTE. Against that sits € 50 of payroll cost per hour worked, leaving € 4 for premises, equipment, depreciation and profit.

Above 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: 0,5 months (median 5,3 mo). Equity in the latest year: € 62.773.

Critical buffer

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

Cash € 302. Liquidity ratio 1,03: current assets cover short-term debt in full. Solvency 4,6%.

Tightly covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 111 days of supplier credit, sector median 47. The accounts were filed 180 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

2 red flag(s) (24m)

Signals in the last 24 months

Zichtbaarheid verschoven · 1 Nov 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Oct 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Oct 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Sep 2026 · Google Autocomplete
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.
+ 5 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

Team grew (+17,1% FTE in the latest year)
Margin per hour worked rose 2 years in a row
Equity was earned, not injected (reserves 9,1× the capital contributed)
Turnover below the median (11,2%)

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	€ 1,48 mln	€ 1,40 mln-5,5%	€ 1,32 mln-6%	€ 1,28 mln-2,6%	€ 1,67 mln+29,7%
EBITDA	€ 74.107	€ 123.742	€ 108.251	€ 55.179	€ 39.520
EBITDA margin	5%	8,8%	8,2%	4,3%	2,4%
Staff
FTE	22,6	20,2-10,6%	18,6-7,9%	15,2-18,3%	17,8+17,1%
Gross margin per FTE	€ 65.678	€ 69.461	€ 70.890	€ 84.489	€ 93.542
Payroll cost per FTE	€ 61.289	€ 58.195	€ 64.326	€ 80.164	€ 86.539
Balance sheet
Equity	€ 143.414	€ 147.980	€ 151.701	€ 137.213	€ 62.773
Cash	-	-	€ 13.930	€ 431	€ 302
Liquidity ratio	1,04	1,05	1,10	1,10	1,03

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 29/06/2026. 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 2024: the last year for which nearly all accounts have been filed.

What the agency actually does 2 services

Digital Experience & Tech

Website development Website strategy & UX

Sector focus

Finance & insuranceReal estate & constructionTravel & hospitalityB2B servicesFood & beverage

Publicly known clients

Associated WeaversBeneoHamannMatexivdk bankLineasKoning AapVPK GroupVervaeke

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

1

People 18 people mapped

This is first a build crew — 9 of 18 are developers. Notably, no declared strategists in sight — this agency would rather make than philosophise.

C

Clint

Team Lead

P

Preben

Team Lead

S

Steven

Zaakvoerder

A

Annelies

Finance Manager

B

Bram

Developer

F

Freek

Developer

J

Jeroen

Project Manager/ Business Analyst

K

Klaas

Developer

L

Loris

Developer

L

Luc

Business Development Manager

M

Maarten

Developer

M

Matthias

Project Manager/ Business Analyst

R

Ruben

Designer

S

Simon

Developer

S

Sébastien

Developer

T

Thor

HR Manager

T

Tim

Solutions Architect

W

Ward

Solutions Architect

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

€ 86.539

+44% versus the median

Team composition

17,8 FTE

1% women
99% men

€ 86.539

Median Digitaal bureau (web & platform) (2024) € 59.996All agencies (2024) € 59.021

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 2025

11,2%

Median for this type of agency (2024): 29,3%

Inflow 2025

11,2%

2,0 FTE in, 2,0 FTE out

Net team change

0,0 FTE

20212022202320242025

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.