What is Studio Hyperdrive specialised in?

Website development, Website strategy & UX, Web development, App development, Digital product studio, E-commerce.

How big is Studio Hyperdrive?

Around 29 full-time equivalents (financial year 2025).

Which sectors does Studio Hyperdrive work for?

Hospitality & tourism, Industry & manufacturing, Public sector & non-profit, Telecom & media, Healthcare & pharma.

Review: Studio Hyperdrive: digital development studio

Q: Who are the clients of Studio Hyperdrive?

Among others Digipolis, EBMT, Phœnix Contact, Luminus, Bebat/Fost Plus, VDAB, meemoo.

Studio Hyperdrive: digital development studio

Studio Hyperdrive bestaat sinds 2018 en profileert zich als digitaal bureau (web & platform) uit Kontich. Het team telt ongeveer 34 medewerkers (VTE). De dienstverlening draait om webdevelopment en ux/ui design. Het zwaartepunt ligt bij opdrachtgevers uit overheid/publieke sector, healthcare, toerisme en industrie. Namen die publiek aan dit bureau gelinkt worden: VDAB, Phoenix Contact, Visit Bruges en EBMT.

Plugin creative technology partners
Studio Hyperdrive is een digital development studio die graag werkt op (web)applicaties met complexe datastromen en interactiviteit.
Ze ontwikkelen B2B én B2C applicaties en complexe webinterfaces. Dat doen ze voor 4 doelgroepen: healthcare, energie/utilities, overheden, en via het submerk Far Far Away voor marketing agencies.
Studio Hyperdrive werkt met 40 VTE, waaronder:

2 strategen
5 UX/UI designers / service designers
4 project managers en analysten
25-tal javascript developers

Wat ze niet doen: marketing automation, CRM
Zelf omschrijven ze hun cultuur als: agile, pragmatisch, betrouwbaar, billijk, above & beyond

Referentieklanten: Digipolis, EBMT, Phœnix Contact, Luminus, Bebat/Fost Plus, VDAB, meemoo
Gepercipieerde concurrenten: icapps, In The Pocket, iO, Sweet Mustard, Yapla, RMDY
Tech stack: Full JavaScript stack (front/backend), MongoDB, MySQL, PostegreSQL, React, HTML, CSS, Unity
Voorbeelden: Dogstudio
Ondernemingsnummer: 0688.930.325
Gemiddelde klantgrootte: 100k

Who do they see as competitors?

icapps In The Pocket iO RMDY Sweet Mustard Yapla

As indicated by the agency itself.

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: € 1,96 mln gross margin, growth -22,7% against a sector median of +3,1%.

Shrinking

MarginEBITDA / gross margin · value-added coverage

20212022202320242025

Studio HyperdriveSector median

EBITDA margin -5,8%, sector median 22,6%. Value-added coverage 0,95 (median 1,23). Value-added coverage sits in the sector-wide grey zone (0.95-1.15): context, not an alarm.

Loss-making

Revenue per headGross margin per FTE, against payroll cost

€ 67.189

Median (2025) € 77.398

Against a payroll cost of € 3.179 per FTE. The ratio between the two is the coverage rate above.

Below the median

Yield levelYield per hour worked, against payroll cost

€ 41

Median (2025) € 48

47.361 hours worked, 1.628 per FTE. Against that sits € 2 of payroll cost per hour worked, leaving € 39 for premises, equipment, depreciation and profit.

Below 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: -1,9 months (median 5,3 mo). Equity in the latest year: € -316.505.

Critical buffer

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

Cash € 17.185. Liquidity ratio 0,71: current assets cover short-term debt not in full. Solvency -32,5%.

Not covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 23 days of supplier credit, sector median 46. The accounts were filed 253 days after closing; the legal deadline is seven months.

Filed late

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

2 red flag(s) (24m)

Signals in the last 24 months

Zichtbaarheid verschoven · 1 Nov 2026 · Google Autocomplete
Late filing · 10 Sep 2026 · NBB
The annual accounts were filed after the statutory deadline. Over a third of the sector does this, usually because of the accountant's calendar. Rarely a story in itself.
Zichtbaarheid verschoven · 1 Sep 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete
Loss-making year · 31 Dec 2025 · NBB
One financial year closed at a loss. The size is not shown here: it can be a few thousand euros, a one-off settlement, or a deliberate investment. Ask the agency what was behind it.
Critical buffer · 31 Dec 2025 · NBB
Equity covers less than one month of payroll. At an agency that pays out its profit every year this means something different than at one that is losing money. Ask where the reserve sits.
+ 4 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

Comfortable cash position: 68 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	€ 1,67 mln	€ 2,40 mln+43,6%	€ 2,42 mln+0,9%	€ 2,53 mln+4,4%	€ 1,96 mln-22,7%
EBITDA	€ 63.944	€ 53.473	€ -129.208	€ 131.271	€ -112.518
EBITDA margin	3,8%	2,2%	-5,3%	5,2%	-5,8%
Staff
FTE	30,3	39,6+30,7%	40,2+1,5%	33,9-15,7%	29,1-14,2%
Gross margin per FTE	€ 55.222	€ 60.675	€ 60.300	€ 74.646	€ 67.189
Payroll cost per FTE	€ 52.827	€ 59.075	€ 63.141	€ 70.341	€ 3.179
Balance sheet
Equity	€ 119.265	€ -290.741	€ -158.426	€ -91.264	€ -316.505
Cash	€ 17.606	€ 18.125	€ 46.651	€ 16.056	€ 17.185
Liquidity ratio	1,07	0,79	0,86	0,89	0,71

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 10/09/2026. 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 2 services

Digital Experience & Tech

Website development Website strategy & UX

Sector focus

Public sector & governmentEducationTravel & hospitalityHealth & pharmaEnergy & utilities

Publicly known clients

VDABPhoenix ContactVisit BrugesEBMT

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

1

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

€ 3.179

-95% versus the median

Team composition

29,1 FTE

19% women
81% men

€ 3.179

Median Digitaal bureau (web & platform) (2025) € 63.343All 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.

2

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

37,8%

Median for this type of agency (2025): 27,9%

Inflow 2025

3,4%

1,0 FTE in, 11,0 FTE out

Net team change

-10,0 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 2025: the last year for which nearly all accounts have been filed.