Cherry Pulp
The content of this factsheet is in Dutch.
Vanuit Sint-Gillis werkt Cherry Pulp als digitaal bureau (web & platform). Op de loonlijst staan ongeveer 10 voltijdse equivalenten. De dienstverlening draait om webdevelopment en ux/ui design.
1× Feweb Excellence Awards
1× WebAward.beHow 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 signalsWhat this agency does well
- Strong buffer: 8,5 months of payroll in equity
- No warning signals in the last 24 months
- Healthy working capital (current ratio 3,55)
- Equity was earned, not injected (reserves 29,9× the capital contributed)
All the figures
Reference material, not a starting point. Expand it if you want to read the series yourself.
2 financial years, 2022 to 2023Result, staff and balance sheet
| 2022 | 2023 | |
|---|---|---|
| Result | ||
| Gross margin | € 642.520 | € 653.556+1,7% |
| EBITDA | € 73.188 | € 71.497 |
| EBITDA margin | 11,4% | 10,9% |
| Staff | ||
| FTE | 9,7 | 9,0-7,2% |
| Gross margin per FTE | € 66.239 | € 72.617 |
| Payroll cost per FTE | € 54.124 | € 64.212 |
| Balance sheet | ||
| Equity | € 365.892 | € 406.963 |
| Cash | - | € 72.174 |
| Liquidity ratio | - | 3,55 |
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 2023, filed on 09/07/2024. 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 27 Jul 2026. Sector medians based on financial year 2023: the last year for which nearly all accounts have been filed.
What the agency actually does 2 services
Sector focus
Algemeen B2B/B2C, KMO's, merken die maatwerk web nodig hebben
Based on IKAg research and public sources. Incomplete or outdated? 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.
- 11% women
- 89% 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 2023. Calculations by IKAg; an indication, not financial advice. Sector medians based on financial year 2023: the last year for which nearly all accounts have been filed.