What is Thinkedge specialised in?

Campaign concepts & big ideas, Campaign execution, Content strategy & editorial, Copywriting & long-form content.

How big is Thinkedge?

Around 6 full-time equivalents (financial year 2025).

Review: Thinkedge

Q: Who are the clients of Thinkedge?

Among others Bouwgroep Driemo, Restaurant Ensuite, Viva Sara, Yzer Fashion.

Thinkedge is een creatief bureau uit Kortrijk, actief sinds 2018. Er werken ongeveer 6 mensen, uitgedrukt in voltijdse equivalenten. Het aanbod is gericht op creatie & reclame en content & copy. Sectorieel richt het bureau zich vooral op sectoroverschrijdend (kmo's en regionaal west-vlaanderen). Tot de publiek bekende klanten behoren Bouwgroep Driemo, Restaurant Ensuite, Viva Sara en Yzer Fashion.

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

2022202320242025

Latest year: € 391.365 gross margin, growth -2,9% against a sector median of -0,1%.

Growing slower than the sector

MarginEBITDA / gross margin · value-added coverage

2022202320242025

ThinkedgeSector median

EBITDA margin 33,9%, sector median 22,3%. Value-added coverage 1,51 (median 1,20).

Healthy margin

Revenue per headGross margin per FTE, against payroll cost

€ 71.157

Median (2024) € 72.309

Against a payroll cost of € 46.888 per FTE. The ratio between the two is the coverage rate above.

Around the median

Yield levelYield per hour worked, against payroll cost

€ 43

Median (2024) € 45

9.168 hours worked, 1.667 per FTE. Against that sits € 28 of payroll cost per hour worked, leaving € 15 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: 8,1 months (median 6,9 mo). Equity in the latest year: € 174.139.

Adequate buffer

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

Cash € 155.484. Liquidity ratio 1,70: current assets cover short-term debt in full. Solvency 44,1%.

Amply covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 31 days of supplier credit, sector median 73. The accounts were filed 163 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 Aug 2026 · Google Autocomplete
Sharp headcount decline · 30 Jun 2025 · NBB
Average headcount fell by 15% or more in a year. That can be contraction, and just as easily a deliberate choice for fewer but more experienced people. Ask who left and who came in their place.

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

EBITDA margin above the sector median (33,9%)
Profitable in every one of the last 4 years
Strong buffer: 8,1 months of payroll in equity
Value-added per euro of payroll above the sector median (1,51)
Margin per hour worked rose 2 years in a row
Healthy working capital (current ratio 1,70)
Equity was earned, not injected (reserves 2,8× the capital contributed)
Comfortable cash position: 220 days of payroll
Turnover below the median (18,2%)
Invests in training (50 hours per FTE)

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.

4 financial years, 2022 to 2025Result, staff and balance sheet

	2022	2023	2024	2025
Result
Gross margin	€ 374.894	€ 434.305+15,8%	€ 402.890-7,2%	€ 391.365-2,9%
EBITDA	€ 90.203	€ 32.303	€ 43.437	€ 132.688
EBITDA margin	24,1%	7,4%	10,8%	33,9%
Staff
FTE	6,7	9,0+34,3%	7,2-20%	5,5-23,6%
Gross margin per FTE	€ 55.954	€ 48.256	€ 55.957	€ 71.157
Payroll cost per FTE	€ 42.368	€ 44.574	€ 49.427	€ 46.888
Balance sheet
Equity	€ 191.832	€ 137.491	€ 135.159	€ 174.139
Cash	€ 125.685	€ 89.186	€ 70.097	€ 155.484
Liquidity ratio	1,92	1,28	1,49	1,70

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 10/12/2025. 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 14 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 4 services

Advertising & Campaigns

Campaign concepts & big ideas Campaign execution

Content & Production

Content strategy & editorial Copywriting & long-form content

Sector focus

Real estate & constructionFood & beverageTravel & hospitalityFashion & lifestyle

Publicly known clients

Bouwgroep DriemoRestaurant EnsuiteViva SaraYzer Fashion

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

1

People 8 people mapped

Digital marketing is the engine: 3 of 8 profiles sit there. Within that core, Content Marketing, SEA and Analytics stand out. Notably, no declared strategists in sight — this agency would rather make than philosophise.

AV

Anthony Vandendorpe

Bestuurder / Creatieve Groeistrateeg

PM

Pieter-Jan Mollie

Bestuurder / Creatieve Groeistrateeg

CN

Charlotte Nijs

Project Manager

HM

Heike Mazereel

Content Marketeer

JD

Jeroen Depraetere

Senior Grafisch- & Webdesigner

RD

Ruben Deceuninck

Senior Content Marketeer

TD

Thibaut Dhont

Performance Marketeer

WV

Ward Vergote

Designer

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

€ 46.888

-23% versus the median

Team composition

5,5 FTE

50% women
50% men

Training per FTE

49,8 h

Many agencies fill this field in incompletely.

€ 46.888

Median Creatief bureau (2024) € 61.047All agencies (2024) € 59.069

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

18,2%

Median for this type of agency (2024): 32,5%

Inflow 2025

36,4%

2,0 FTE in, 1,0 FTE out

Net team change

+1,0 FTE

2022202320242025

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.