How big is Vintage Productions?

Around 10 full-time equivalents (financial year 2025).

Review: Vintage Productions

Q: What is Vintage Productions specialised in?

Content strategy & editorial, Copywriting & long-form content, Video production.

Q: Who are the clients of Vintage Productions?

Among others Atlas Copco, TK Elevator, Daikin Europe, Chicago Pneumatic, Knauf Insulation, Recticel, Ricoh, FAM, Cegid, AGC, Unilin, Milliken, Desotec, Hyundai Construction Equipment, VEKA.

Vintage Productions is een productiehuis met thuisbasis in Antwerpen, opgericht in 1991. De bezetting ligt rond 10 VTE. De dienstverlening draait om video & productie en content & copy. Het zwaartepunt ligt bij opdrachtgevers uit (internationale) multinationals, b2b/industrie en productcommunicatie.

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: € 1,10 mln gross margin, growth -8,9% against a sector median of +11,2%.

Shrinking

MarginEBITDA / gross margin · value-added coverage

20212022202320242025

Vintage ProductionsSector median

EBITDA margin 18,5%, sector median 41,6%. Value-added coverage 1,23 (median 1,44).

Below sector level

Revenue per headGross margin per FTE, against payroll cost

€ 110.290

Median (2024) € 71.844

Against a payroll cost of € 89.553 per FTE. The ratio between the two is the coverage rate above.

Above the median

Yield levelYield per hour worked, against payroll cost

€ 63

Median (2024) € 44

17.536 hours worked, 1.754 per FTE. Against that sits € 51 of payroll cost per hour worked, leaving € 12 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: 14,0 months (median 9,2 mo). Equity in the latest year: € 1,04 mln.

Adequate buffer

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

Cash € 479.610. Liquidity ratio 3,47: current assets cover short-term debt in full. Solvency 68,3%.

Amply covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 56 days of supplier credit, sector median 43. The accounts were filed 211 days after closing; the legal deadline is seven months.

Pays slower than average

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 Sep 2026 · Google Autocomplete
Zichtbaarheid verschoven · 1 Aug 2026 · Google Autocomplete
Registered office moved · 9 Jun 2026 · Staatsblad
The registered office relocated. Usually just a new office.

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

Strong buffer: 14,0 months of payroll in equity
Stable team (no meaningful FTE loss)
Healthy working capital (current ratio 3,47)
Comfortable cash position: 195 days of payroll
Turnover below the median (10,0%)

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	€ 1,08 mln	€ 761.365-29,4%	€ 1,24 mln+63,4%	€ 1,21 mln-2,6%	€ 1,10 mln-8,9%
EBITDA	€ 309.841	€ -7.105	€ 390.358	€ 337.807	€ 204.433
EBITDA margin	28,8%	-0,9%	31,4%	27,9%	18,5%
Staff
FTE	10,4	10,0-3,8%	10,00%	9,8-2%	10,0+2%
Gross margin per FTE	€ 103.621	€ 76.136	€ 124.391	€ 123.592	€ 110.290
Payroll cost per FTE	€ 73.355	€ 76.468	€ 85.041	€ 86.904	€ 89.553
Balance sheet
Equity	€ 1,02 mln	€ 920.735	€ 1,19 mln	€ 990.938	€ 1,04 mln
Cash	€ 333.320	€ 165.253	€ 602.878	€ 234.969	€ 479.610
Liquidity ratio	2,99	2,96	3,10	3,42	3,47

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 30/07/2026. 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 3 services

Content & Production

Content strategy & editorial Copywriting & long-form content Video production

Sector focus

B2B servicesReal estate & constructionTechnology & softwareAutomotive & mobility

Publicly known clients

Atlas Copco, TK Elevator, Daikin Europe, Chicago Pneumatic, Knauf Insulation, Recticel, Ricoh, FAM, Cegid, AGC, Unilin, Milliken, Desotec, Hyundai Construction Equipment, VEKA

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

1

People 14 people mapped

The heart of this team is creative: 5 of 14 profiles are makers. Within that core, Design, Copywriting and Art Direction stand out. The titles skew top-heavy: lots of seniority, few juniors — you're mostly buying experience. Notably, no declared strategists in sight — this agency would rather make than philosophise.

AP

Asja Penic

Director administration

CV

Claudia Voss

CEO

ED

Ellen De Rijck

Account director

GT

Gunther Thienpont

Creative director

JP

Jochem Pasmans

Account coordinator

JD

Jos Dillen

Founder & Chairman

MH

Maarten Huybrighs

Commtech director

SC

Stijn Capiau

Account director

EM

Eleanor McClean

Copywriter

ED

Ellen De Ridder

Designer

GD

Gunther Dierckx

Editor

MB

Maciej Bujak

Developer

MB

Michal Brzezina

Developer

SD

Simon Denes

3D artist

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

€ 89.553

+75% versus the median

Team composition

10,0 FTE

40% women
60% men

€ 89.553

Median Productiehuis (2024) € 51.086All agencies (2024) € 59.045

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

10,0%

Median for this type of agency (2024): 30,6%

Inflow 2025

10,0%

1,0 FTE in, 1,0 FTE out

Net team change

0,0 FTE

20212022202320242025

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.