Ziedoes
The content of this factsheet is in Dutch.
Vanuit Tielt werkt Ziedoes sinds 2018 als full-service bureau. Er werken ongeveer 10 mensen, uitgedrukt in voltijdse equivalenten. Het aanbod bestrijkt webdevelopment, social media, paid media (sea/social/display) en seo. Sectoren waar het bureau vaak werkt: kmo's en lokale ondernemers, vastgoed, technische dienstverlening en retail. Uit de publiek bekende klantenlijst: Eurobite, Coup de Pédale, TAC Rally en Chrissy Fit & Food.
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
No serious signals- Board change · 5 Jun 2026 · StaatsbladAppointments or resignations on the board. Routine during growth, succession or a new partner. Ask about it when several changes follow each other closely.
- Late filing · 30 Jan 2026 · 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.
- Registered office moved · 12 Feb 2025 · StaatsbladThe registered office relocated. Usually just a new office.
- Late filing · 31 Jan 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.
What this agency does well
- EBITDA margin above the sector median (32,5%)
- Profitable in every one of the last 4 years
- Strong buffer: 6,1 months of payroll in equity
- Team grew (+17,9% FTE in the latest year)
- Value-added per euro of payroll above the sector median (1,50)
- Healthy working capital (current ratio 1,27)
- Equity was earned, not injected (reserves 10,9× the capital contributed)
- Comfortable cash position: 107 days of payroll
- Turnover below the median (30,3%)
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 | € 449.498 | € 485.553+8% | € 460.717-5,1% | € 673.851+46,3% |
| EBITDA | € 120.498 | € 116.722 | € 78.332 | € 218.962 |
| EBITDA margin | 26,8% | 24% | 17% | 32,5% |
| Staff | ||||
| FTE | 8,7 | 8,6-1,1% | 8,4-2,3% | 9,9+17,9% |
| Gross margin per FTE | € 51.666 | € 56.460 | € 54.847 | € 68.066 |
| Payroll cost per FTE | € 37.097 | € 40.605 | € 42.979 | € 41.994 |
| Balance sheet | ||||
| Equity | € 128.644 | € 155.801 | € 164.203 | € 221.827 |
| Cash | € 101.852 | € 108.218 | € 64.887 | € 121.723 |
| Liquidity ratio | 1,14 | 1,21 | 1,20 | 1,27 |
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 30/01/2026. 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 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 6 services
Sector focus
From our own research. The agency hasn't listed its sectors yet.
Publicly known clients
Based on IKAg research and public sources. Incomplete or outdated? Let us know.
People 15 people mapped
We mapped 15 people, but this agency keeps job titles to itself — the team page sticks to names. Who does what is best asked over coffee.
Based on public profiles. Something wrong? Let us know.
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.
- 60% women
- 40% men
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.
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.
Frequently asked questions about Ziedoes
- When was Ziedoes founded?
- In 2018.
- Where is Ziedoes located?
- In Tielt, Belgium.
- What is Ziedoes specialised in?
- Paid social, Search advertising (SEA), Organic social content, Social strategy & platform mix, SEO & GEO, Website development.
- How big is Ziedoes?
- Around 10 full-time equivalents (financial year 2025).
- Which sectors does Ziedoes work for?
- Construction & real estate, Retail & e-commerce, Technology & software.
- Who are the clients of Ziedoes?
- Among others Eurobite, Coup de Pédale, TAC Rally, Chrissy Fit & Food, Cappelle Marnix, VTI Brugge.
Figures from the annual accounts up to financial year 2025. Company details checked against the CBE register on 2026-09-20.