What is Retis specialised in?

Paid social, Search advertising (SEA), SEO & GEO, Website development.

Around 5 full-time equivalents (financial year 2025).

Review: Retis

Retis is een full-service bureau met thuisbasis in Liège, opgericht in 2016. Het team telt ongeveer 5 medewerkers (VTE). Het bureau combineert seo, paid media (sea/social/display) en webdevelopment. Sectoren waar het bureau vaak werkt: kmo's en bedrijven (wallonie, brussel, vlaanderen en luxemburg.

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: € 304.492 gross margin, growth -1,7% against a sector median of +1,7%.

Growing slower than the sector

MarginEBITDA / gross margin · value-added coverage

20212022202320242025

RetisSector median

EBITDA margin 21,8%, sector median 23,9%. Value-added coverage 1,28 (median 1,27).

Healthy margin

Revenue per headGross margin per FTE, against payroll cost

€ 63.436

Median (2024) € 72.161

Against a payroll cost of € 48.536 per FTE. The ratio between the two is the coverage rate above.

Below the median

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: 4,8 months (median 5,8 mo). Equity in the latest year: € 94.595.

Adequate buffer

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

Cash € 37.030. Liquidity ratio 1,22: current assets cover short-term debt in full. Solvency 35,6%.

Amply covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 5 days of supplier credit, sector median 61. The accounts were filed 195 days after closing; the legal deadline is seven months.

Pays and files on time

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

Points to ask about

Signals in the last 24 months

Partnerstatus gedaald · 1 Oct 2026 · Partnerdirectory
Zichtbaarheid verschoven · 1 Sep 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete
Registered office moved · 9 Apr 2026 · Staatsblad
The registered office relocated. Usually just a new office.

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

Profitable in every one of the last 5 years
Value-added per euro of payroll above the sector median (1,28)
Healthy working capital (current ratio 1,22)
Equity was earned, not injected (reserves 6,2× the capital contributed)

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	€ 132.883	€ 240.957+81,3%	€ 345.998+43,6%	€ 309.855-10,4%	€ 304.492-1,7%
EBITDA	€ 41.586	€ 82.840	€ 122.354	€ 35.024	€ 66.266
EBITDA margin	31,3%	34,4%	35,4%	11,3%	21,8%
Staff
FTE	2,4	3,0+25%	4,0+33,3%	5,1+27,5%	4,8-5,9%
Gross margin per FTE	€ 55.368	€ 80.319	€ 86.499	€ 60.756	€ 63.436
Payroll cost per FTE	€ 37.857	€ 52.672	€ 55.776	€ 43.746	€ 48.536
Balance sheet
Equity	€ 106.651	€ 89.060	€ 100.913	€ 94.595	€ 94.595
Cash	€ 48.899	€ 152.894	€ 57.487	€ 1.949	€ 37.030
Liquidity ratio	2,30	1,55	1,24	1,13	1,22

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.
This agency files an abbreviated or micro scheme and therefore publishes no staff data. Seniority, turnover and hourly level cannot be derived. This is entirely legal and says nothing about quality.
The figures cover financial year 2025, filed on 14/07/2026. 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 2024: the last year for which nearly all accounts have been filed.

What the agency actually does 4 services

Media

Paid social Search advertising (SEA)

Digital Experience & Tech

SEO & GEO Website development

Sector focus

KMO's en bedrijven (WallonieBrusselVlaanderenLuxemburgFrankrijk)

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

DJ

Damien Jacob

Fondateur

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

€ 48.536

-15% versus the median

Team composition

4,8 FTE

67% women
33% men

€ 48.536

Median Full-service bureau (2024) € 57.083All 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

47,9%

Median for this type of agency (2024): 32,8%

Inflow 2025

81,3%

3,9 FTE in, 2,3 FTE out

Net team change

+1,6 FTE

20212022202320242025

Exits are clearly above what is usual for this type of agency. That may reflect project-based staffing, but it is a reason to ask in the pitch how much of the proposed team was already here two years ago, and to contractually fix your permanent contacts.

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.