Tropos AR
The content of this factsheet is in Dutch.
Tropos AR is een softwarebureau uit Groot-Bijgaarden, actief sinds 2020. Het bureau is toegespitst op webdevelopment en events. Sectoren waar het bureau vaak werkt: cultuur/erfgoed, retail, sport en out-of-home. Uit de publiek bekende klantenlijst: FAAM, Flemish Government, City of Leuven en Red Star Line museum.
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 Aug 2026 · Google Autocomplete
- Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete
- Late filing · 26 Aug 2025 · NBBThe 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.
- Two consecutive loss-making years · 31 Dec 2024 · 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.
- Board change · 13 Dec 2024 · StaatsbladAppointments or resignations on the board. Routine during growth, succession or a new partner. Ask about it when several changes follow each other closely.
All the figures
Reference material, not a starting point. Expand it if you want to read the series yourself.
3 financial years, 2021 to 2023Result, staff and balance sheet
| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Result | |||
| Gross margin | € -61.837 | € -95.376 | € 4.515 |
| EBITDA | € -131.427 | € -111.788 | € -1.321 |
| EBITDA margin | - | - | -29,2% |
| Staff | |||
| FTE | 1,5 | 0,6-60% | - |
| Gross margin per FTE | € -41.225 | € -158.959 | - |
| Payroll cost per FTE | € 36.871 | € 23.720 | - |
| Balance sheet | |||
| Equity | € 229.717 | € 360.211 | € 340.193 |
| Cash | € 16.641 | € 6.557 | € 130.328 |
| Liquidity ratio | 0,92 | 0,71 | 0,92 |
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 2024, filed on 26/08/2025. 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 2 services
Sector focus
Publicly known clients
Based on IKAg research and public sources. Incomplete or outdated? Let us know.
People 9 people mapped
This is first a build crew — 3 of 9 are developers. Notably, no declared strategists in sight — this agency would rather make than philosophise.
Based on public profiles. Something wrong? Let us know.
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.
Figures for financial year 2022: in 2024 this agency published no inflow or outflow.
Source: annual accounts and social reports (NBB), collected by IKAg. Financial year 2024. 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.
Frequently asked questions about Tropos AR
- When was Tropos AR founded?
- In 2020.
- Where is Tropos AR located?
- In Dilbeek, Belgium.
- What is Tropos AR specialised in?
- Website development, Events & experiences.
- How big is Tropos AR?
- Around 1 full-time equivalent (financial year 2023).
- Which sectors does Tropos AR work for?
- Public sector & non-profit, Retail & e-commerce, Sports & entertainment.
- Who are the clients of Tropos AR?
- Among others FAAM, Flemish Government, City of Leuven, Red Star Line museum, Worldline, Bozar, Wanders - Wandel Anders, Port of Antwerp-Bruges, Belgian Barrels Alliance.
Figures from the annual accounts up to financial year 2023. Company details checked against the CBE register on 2026-09-12.