Sepia
The content of this factsheet is in Dutch.
Vanuit Beveren-Waas werkt Sepia sinds 2002 als eventbureau. Het bureau is toegespitst op events en creatie & reclame. Uit de publiek bekende klantenlijst: BMW (bron: eigen LinkedIn en juli 2026).
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
1 red flag(s) (24m)- Zichtbaarheid verschoven · 1 Sep 2026 · Google Autocomplete
- Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete
- Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete
- Board change · 9 Jan 2026 · StaatsbladAppointments or resignations on the board. Routine during growth, succession or a new partner. Ask about it when several changes follow each other closely.
- Board change · 3 Mar 2025 · StaatsbladAppointments or resignations on the board. Routine during growth, succession or a new partner. Ask about it when several changes follow each other closely.
- Registered office moved · 12 Feb 2025 · StaatsbladThe registered office relocated. Usually just a new office.
- + 2 older signals within 24m
What this agency does well
- EBITDA margin above the sector median (99,7%)
- Healthy working capital (current ratio 52,33)
- Equity was earned, not injected (reserves 12,3× 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 | € 244.961 | € 302.613+23,5% | € -5.595-101,8% | € -4.951 | € 338.380 |
| EBITDA | € -3.521 | € -5.858 | € -8.049 | € -5.583 | € 337.237 |
| EBITDA margin | -1,4% | -1,9% | - | - | 99,7% |
| Staff | |||||
| FTE | 3,0 | 3,5+16,7% | - | - | - |
| Gross margin per FTE | € 81.654 | € 86.461 | - | - | - |
| Payroll cost per FTE | € 58.619 | € 60.212 | - | - | - |
| Balance sheet | |||||
| Equity | € 2,01 mln | € 1,97 mln | € 1,08 mln | € 1,02 mln | € 1,32 mln |
| Cash | € 71.624 | € 468 | € 13.989 | € 4.635 | € 221.642 |
| Liquidity ratio | 0,13 | 0,11 | 0,04 | 0,01 | 52,33 |
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 19/05/2026. 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 3 services
Sector focus
Automotive, retail/POS-infrastructuur, events. Fysieke en digitale merkzichtbaarheid op point-of-sale en events (schermen, standen, signage); onderdeel van Frans logistiek Staci Group sinds 2021 - geen klassiek creatief bureau.
From our own research. The agency hasn't listed its sectors yet.
Publicly known clients
Based on IKAg research and public sources. Incomplete or outdated? Let us know.
Coming soon
We're working on this part of the factsheet.
Frequently asked questions about Sepia
- When was Sepia founded?
- In 2002.
- Where is Sepia located?
- In Beveren-Waas, Belgium.
- What is Sepia specialised in?
- Campaign concepts & big ideas, Campaign execution, Events & experiences.
- Which sectors does Sepia work for?
- Automotive & mobility, Retail & e-commerce.
- Who are the clients of Sepia?
- Among others BMW (bron: eigen LinkedIn, juli 2026).
Figures from the annual accounts up to financial year 2025. Company details checked against the CBE register on 2026-10-31.