What is Stigo specialised in?

Content strategy & editorial, Copywriting & long-form content, Paid social, Search advertising (SEA).

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

Review: Stigo

Q: Who are the clients of Stigo?

Among others Atrio, 4Best, Abbin natuursteen, Concept Gardens, Craftails, Buildsmart, Antwerp Stays, Apart Real Estate, Rijschool UVA.

Stigo is een full-service bureau uit Antwerpen, actief sinds 2018. Het team telt ongeveer 5 medewerkers (VTE). Het aanbod is gericht op paid media (sea/social/display) en content & copy. De klanten komen vooral uit kmo/b2b breed. Tot de publiek bekende klanten behoren Atrio, 4Best, Abbin natuursteen en Concept Gardens.

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: € 408.612 gross margin, growth +9% against a sector median of +1,7%.

At or above sector pace

MarginEBITDA / gross margin · value-added coverage

20212022202320242025

StigoSector median

EBITDA margin 27,3%, sector median 23,9%. Value-added coverage 1,38 (median 1,27).

Healthy margin

Revenue per headGross margin per FTE, against payroll cost

€ 80.120

Median (2025) € 78.251

Against a payroll cost of € 57.953 per FTE. The ratio between the two is the coverage rate above.

Around the median

Yield levelYield per hour worked, against payroll cost

€ 48

Median (2025) € 49

8.592 hours worked, 1.685 per FTE. Against that sits € 34 of payroll cost per hour worked, leaving € 13 for premises, equipment, depreciation and profit.

Around 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: 1,2 months (median 5,8 mo). Equity in the latest year: € 29.787.

Thin buffer

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

Cash € 103.056. Liquidity ratio 1,03: current assets cover short-term debt in full. Solvency 12,9%.

Tightly covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 20 days of supplier credit, sector median 54. The accounts were filed 212 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

Zichtbaarheid verschoven · 1 Nov 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Nov 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Sep 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Sep 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete
Registered office moved · 7 Jan 2026 · Staatsblad
The registered office relocated. Usually just a new office.
+ 2 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

Gross margin grew 4 years in a row
Outgrew the sector median 4 years running
EBITDA margin above the sector median (27,3%)
Profitable in every one of the last 5 years
Stable team (no meaningful FTE loss)
Value-added per euro of payroll above the sector median (1,38)
Margin per hour worked rose 4 years in a row
Comfortable cash position: 127 days of payroll

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	€ 89.893	€ 185.681+106,6%	€ 266.747+43,7%	€ 375.018+40,6%	€ 408.612+9%
EBITDA	€ 17.944	€ 23.972	€ 50.687	€ 85.793	€ 111.349
EBITDA margin	20%	12,9%	19%	22,9%	27,3%
Staff
FTE	1,7	3,2+88,2%	3,5+9,4%	5,1+45,7%	5,10%
Gross margin per FTE	€ 52.878	€ 58.025	€ 76.213	€ 73.533	€ 80.120
Payroll cost per FTE	€ 38.797	€ 41.331	€ 52.262	€ 52.965	€ 57.953
Balance sheet
Equity	€ 16.997	€ 27.418	€ 57.223	€ 34.068	€ 29.787
Cash	€ 26.327	€ 39.129	€ 93.613	€ 99.693	€ 103.056
Liquidity ratio	1,36	1,16	1,23	1,03	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 31/07/2026. 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 4 services

Content & Production

Content strategy & editorial Copywriting & long-form content

Media

Paid social Search advertising (SEA)

Sector focus

Real estate & constructionB2B services

Publicly known clients

Atrio4BestAbbin natuursteenConcept GardensCraftailsBuildsmartAntwerp StaysApart Real EstateRijschool UVA

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

1

People 5 people mapped

The heart of this team is creative: 3 of 5 profiles are makers. Within that core, Design, Copywriting and Art Direction stand out. A specialist, not a generalist: the expertise is narrow but deep. A small team: short lines, little noise between you and the makers.

JG

Jef Geerts

Creatief directeur

SV

Stig Vermeiren

Oprichter en zaakvoerder

KV

Kisho Van Tricht

Designer en editor

SL

Sarah Logtman

Copywriter

YD

Yannick Depret

Performance marketeer

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

€ 57.953

-4% versus the median

Team composition

5,1 FTE

17% women
83% men

€ 57.953

Median Full-service bureau (2025) € 60.368All agencies (2025) € 62.294

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

39,2%

Median for this type of agency (2025): 31,1%

Inflow 2025

39,2%

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 2025: the last year for which nearly all accounts have been filed.