Quatremains
The content of this factsheet is in Dutch.
Quatremains, opgericht in 1998, is een brandingbureau uit Maldegem. Het team telt ongeveer 10 medewerkers (VTE). Het aanbod bestrijkt strategie, branding & identiteit en ux/ui design. De ervaring zit vooral in fmcg/food & beverage, chocolade/voeding en retailmerken.
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 (30,0%)
- Profitable in every one of the last 5 years
- Strong buffer: 15,4 months of payroll in equity
- Stable team (no meaningful FTE loss)
- Value-added per euro of payroll above the sector median (1,43)
- No warning signals in the last 24 months
- Margin per hour worked rose 4 years in a row
- Healthy working capital (current ratio 2,58)
- Equity was earned, not injected (reserves 21,9× the capital contributed)
- Comfortable cash position: 233 days of payroll
- Turnover below the median (8,0%)
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 | € 1,11 mln | € 1,01 mln-9% | € 1,17 mln+16,2% | € 1,14 mln-2,1% | € 1,22 mln+6,8% |
| EBITDA | € 167.399 | € 196.978 | € 310.486 | € 310.463 | € 366.275 |
| EBITDA margin | 15,1% | 19,6% | 26,5% | 27,1% | 30% |
| Staff | |||||
| FTE | 13,7 | 11,4-16,8% | 10,3-9,6% | 9,8-4,9% | 10,0+2% |
| Gross margin per FTE | € 80.745 | € 88.260 | € 113.547 | € 116.781 | € 122.176 |
| Payroll cost per FTE | € 67.978 | € 70.558 | € 81.002 | € 84.650 | € 85.089 |
| Balance sheet | |||||
| Equity | € 1,20 mln | € 1,23 mln | € 1,35 mln | € 918.416 | € 1,09 mln |
| Cash | € 592.187 | € 483.031 | € 470.205 | € 487.416 | € 542.553 |
| Liquidity ratio | 2,70 | 2,70 | 3,45 | 1,58 | 2,58 |
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 13/03/2026. 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 21 Sep 2026. Sector medians based on financial year 2024: the last year for which nearly all accounts have been filed.
What the agency actually does 4 services
Sector focus
Publicly known clients
Rabeko, Aveve, Versele-Laga, Evlier, Philip's Biscuits, Jules Destrooper, Pierre & Jean, Brasserie Val-Dieu, Poco Loco, Filliers, Super 8, Warnez Potatoes, Hopopop
Based on IKAg research and public sources. Incomplete or outdated? Let us know.
People 14 people mapped
The heart of this team is creative: 8 of 14 profiles are makers. Within that core, Design, Art Direction and Fotografie stand out. A specialist, not a generalist: the expertise is narrow but deep. 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.
- 72% women
- 28% 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 2024: the last year for which nearly all accounts have been filed.
Frequently asked questions about Quatremains
- When was Quatremains founded?
- In 1998.
- Where is Quatremains located?
- In Maldegem, Belgium.
- What is Quatremains specialised in?
- Brand strategy & positioning, Marketing strategy, Brand identity & design, Website strategy & UX.
- How big is Quatremains?
- Around 10 full-time equivalents (financial year 2025).
- Which sectors does Quatremains work for?
- Retail & e-commerce, Food & beverage.
- Who are the clients of Quatremains?
- Among others Rabeko, Aveve, Versele-Laga, Evlier, Philip's Biscuits, Jules Destrooper, Pierre & Jean, Brasserie Val-Dieu, Poco Loco, Filliers, Super 8, Warnez Potatoes, Hopopop.
Figures from the annual accounts up to financial year 2025. Company details checked against the CBE register on 2026-09-12.