Studio Ballena
The content of this factsheet is in Dutch.
Sinds 2005 is Studio Ballena actief als productiehuis uit Welle. Het aanbod is gericht op video & productie. Sectoren waar het bureau vaak werkt: food & drinks, fmcg/consumentenmerken, productmerken en reclame-/productiehuizen en agencies.
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 Sep 2026 · Google Autocomplete
- Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete
- Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete
- Sharp drop in equity · 31 Dec 2025 · NBBThe 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.
- Two consecutive loss-making years · 31 Dec 2025 · NBBTwo financial years in a row closed at a loss. That can be an investment period, or a client that fell away. Ask what explains the pattern and what has changed since.
- + 1 older signals within 24m
What this agency does well
- EBITDA margin above the sector median (94,5%)
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 | € 90.778 | € 76.606-15,6% | € 49.378-35,5% | € 2.071-95,8% | € 52.813+2.449,7% |
| EBITDA | € 65.113 | € 74.228 | € 46.963 | € -596 | € 49.926 |
| EBITDA margin | 71,7% | 96,9% | 95,1% | -28,8% | 94,5% |
| Staff | |||||
| Balance sheet | |||||
| Equity | € 119.246 | € 147.767 | € 148.665 | € 94.776 | € 81.221 |
| Cash | € 12.262 | € 20.000 | € 27.000 | € 25.080 | € 80 |
| Liquidity ratio | 2,16 | 2,68 | 1,77 | 0,45 | 0,27 |
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 07/07/2026. 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 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 1 services
Sector focus
Publicly known clients
Neuhaus, Barry Callebaut, Guylian, Nestlé Health Science, Tupperware, BMW, Geometry Global, Absintt, Halyard, Kingspan, Maison Macolat, Alusense, Comith
Based on IKAg research and public sources. Incomplete or outdated? Let us know.
People 1 people mapped
Based on public profiles. Something wrong? Let us know.
Frequently asked questions about Studio Ballena
- When was Studio Ballena founded?
- In 2005.
- Where is Studio Ballena located?
- In Denderleeuw, Belgium.
- What is Studio Ballena specialised in?
- Video production.
- Which sectors does Studio Ballena work for?
- Retail & e-commerce, Food & beverage.
- Who are the clients of Studio Ballena?
- Among others Neuhaus, Barry Callebaut, Guylian, Nestlé Health Science, Tupperware, BMW, Geometry Global, Absintt, Halyard, Kingspan, Maison Macolat, Alusense, Comith.
Figures from the annual accounts up to financial year 2025. Company details checked against the CBE register on 2026-09-12.