Zwerm Studio
The content of this factsheet is in Dutch.
Zwerm Studio is een brandingbureau met thuisbasis in Gentbrugge, opgericht in 2021. Het bureau combineert strategie, branding & identiteit en ux/ui design. Het zwaartepunt ligt bij opdrachtgevers uit arts & culture, lifestyle & design en publieke sector.
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- 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
- Late filing · 15 Sep 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 (90,1%)
- Strong buffer: 304,9 months of payroll in equity
- Value-added per euro of payroll above the sector median (12,80)
- Healthy working capital (current ratio 4,89)
- Comfortable cash position: 3784 days of payroll
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 | € 20.768 | € 102.642+394,2% | € 260.822+154,1% | € 114.810-56% |
| EBITDA | € 18.344 | € 40.732 | € 140.147 | € 103.392 |
| EBITDA margin | 88,3% | 39,7% | 53,7% | 90,1% |
| Staff | ||||
| FTE | - | 0,8 | 1,3+62,5% | - |
| Gross margin per FTE | - | € 128.303 | € 200.632 | - |
| Payroll cost per FTE | - | € 74.494 | € 88.721 | - |
| Balance sheet | ||||
| Equity | € 35.766 | € 57.210 | € 154.280 | € 222.529 |
| Cash | € 23.297 | € 108.743 | € 82.700 | € 90.807 |
| Liquidity ratio | 0,38 | 1,04 | 2,25 | 4,89 |
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 2025, filed on 27/07/2026. 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 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 4 services
Sector focus
Publicly known clients
Stad Sint-Niklaas, Ha Concerts, Elisabeth Chocolatier, Kunstenfestival Watou, Buda Kunstencentrum, Schouwburg Noord, Good Boi Bobbie, De Ambrassade, VRT, Musea Gent, Stad Gent, Stad Oostende, Liberale Mutualiteit, Lameire Vastgoed, Concertgebouw Brugge
Based on IKAg research and public sources. Incomplete or outdated? Let us know.
People 3 people mapped
The heart of this team is creative: 3 of 3 profiles are makers. Within that core, Design, Motion and Art Direction stand out. A small team: short lines, little noise between you and the makers.
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 2024: in 2025 this agency published no inflow or outflow.
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.
Frequently asked questions about Zwerm Studio
- When was Zwerm Studio founded?
- In 2021.
- Where is Zwerm Studio located?
- In Gent, Belgium.
- What is Zwerm Studio specialised in?
- Brand strategy & positioning, Marketing strategy, Brand identity & design, Website strategy & UX.
- How big is Zwerm Studio?
- Around 1 full-time equivalent (financial year 2025).
- Which sectors does Zwerm Studio work for?
- Interior & design, Public sector & non-profit, Sports & entertainment.
- Who are the clients of Zwerm Studio?
- Among others Stad Sint-Niklaas, Ha Concerts, Elisabeth Chocolatier, Kunstenfestival Watou, Buda Kunstencentrum, Schouwburg Noord, Good Boi Bobbie, De Ambrassade, VRT, Musea Gent, Stad Gent, Stad Oostende, Liberale Mutualiteit, Lameire Vastgoed, Concertgebouw Brugge.
Figures from the annual accounts up to financial year 2025. Company details checked against the CBE register on 2026-10-13.