What is Vicar Agency specialised in?

Brand strategy & positioning, Marketing strategy, Brand identity & design, Organic social content, Social strategy & platform mix, Website development.

How big is Vicar Agency?

Around 2 full-time equivalents (financial year 2025).

Which sectors does Vicar Agency work for?

Construction & real estate, Industry & manufacturing.

Review: Vicar Agency

Q: Who are the clients of Vicar Agency?

Among others Clearbin, Grytec, FB Construct, OFP Chemicals, Camille De Prêtre, Arthur Vandendorpe, Vanbesien, LSP Belgium, Tecjobz.

Sinds 2024 is Vicar Agency actief als brandingbureau uit Brugge. De opgegeven expertises zijn strategie, branding & identiteit, webdevelopment en social media. De klanten komen vooral uit industrie en bouwprojecten/kmo's (groeiende merken). Uit de publiek bekende klantenlijst: Clearbin, Grytec, FB Construct en OFP Chemicals.

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

20242025

Latest year: € 243.946 gross margin, growth +133,9% against a sector median of +6,6%.

At or above sector pace

MarginEBITDA / gross margin · value-added coverage

20242025

Vicar AgencySector median

EBITDA margin 81%, sector median 32,2%. Value-added coverage 5,57 (median 1,29).

Healthy margin

Revenue per headGross margin per FTE, against payroll cost

€ 135.525

Median (2025) € 82.809

Against a payroll cost of € 24.035 per FTE. The ratio between the two is the coverage rate above.

Above the median

Yield levelYield per hour worked, against payroll cost

€ 176

Median (2025) € 48

1.383 hours worked, 768 per FTE. Against that sits € 31 of payroll cost per hour worked, leaving € 145 for premises, equipment, depreciation and profit.

Above 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: 55,9 months (median 6,3 mo). Equity in the latest year: € 201.452.

Adequate buffer

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

Cash € 192.769. Liquidity ratio 1,88: current assets cover short-term debt in full. Solvency 54,7%.

Amply covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 45 days of supplier credit, sector median 68. 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

No serious signals

Signals in the last 24 months

Zichtbaarheid verschoven · 1 Nov 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Oct 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Sep 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Sep 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete

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 (81,0%)
Strong buffer: 55,9 months of payroll in equity
Value-added per euro of payroll above the sector median (5,57)
Healthy working capital (current ratio 1,88)
Equity was earned, not injected (reserves 21,4× the capital contributed)
Comfortable cash position: 1626 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.

2 financial years, 2024 to 2025Result, staff and balance sheet

	2024	2025
Result
Gross margin	€ 104.300	€ 243.946+133,9%
EBITDA	€ 99.300	€ 197.712
EBITDA margin	95,2%	81%
Staff
FTE	-	1,8
Gross margin per FTE	-	€ 135.525
Payroll cost per FTE	-	€ 24.035
Balance sheet
Equity	€ 81.930	€ 201.452
Cash	€ 122.068	€ 192.769
Liquidity ratio	1,82	1,88

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 12/06/2026. 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 6 services

Strategy & Insights

Brand strategy & positioning Marketing strategy

Branding & Design

Brand identity & design

Social, Influencer & Community

Organic social content Social strategy & platform mix

Digital Experience & Tech

Website development

Sector focus

Real estate & constructionB2B services

Publicly known clients

ClearbinGrytecFB ConstructOFP ChemicalsCamille De PrêtreArthur VandendorpeVanbesienLSP BelgiumTecjobz

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

1

People 7 people mapped

The heart of this team is creative: 3 of 7 profiles are makers. Within that core, Design, Art Direction and Copywriting stand out. One strategist on board — enough to hold the direction, not to fill meetings.

CV

Camiel Van de Voorde

Creative director

VV

Victor Van de Voorde

Strategic director

FD

Frédéric Deburchgrave

Digital Marketeer

LV

Lukas Vandenberghe

Head of visuals

MS

Matthias Slager

Client manager

MV

Milan Vermeersch

Brand designer

TJ

Thomas Jonckheere

Business accelerator

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

€ 24.035

-61% versus the median

Team composition

1,8 FTE

€ 24.035

Median Brandingbureau (2025) € 60.980All 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

/

Median for this type of agency (2025): 38,9%

Inflow 2025

111,1%

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.