How big is Manythink?

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

Factsheet & Review

Manythink

Full-service agency · 10 FTE · Brussels

The content of this factsheet is in Dutch.

Manythink, opgericht in 2006, is een full-service bureau uit Vorst. Er werken ongeveer 9 mensen, uitgedrukt in voltijdse equivalenten.

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: € 524.310 gross margin, growth -19,5% against a sector median of +1,7%.

Shrinking

MarginEBITDA / gross margin · value-added coverage

20212022202320242025

ManythinkSector median

EBITDA margin -48,8%, sector median 23,9%. Value-added coverage 0,67 (median 1,27).

Loss-making

Revenue per headGross margin per FTE, against payroll cost

€ 54.053

Median (2024) € 72.161

Against a payroll cost of € 75.588 per FTE. The ratio between the two is the coverage rate above.

Below the median

Yield levelYield per hour worked, against payroll cost

€ 37

Median (2024) € 44

14.162 hours worked, 1.460 per FTE. Against that sits € 52 of payroll cost per hour worked, leaving € -15 for premises, equipment, depreciation and profit.

Below 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.

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: 11,7 months (median 5,8 mo). Equity in the latest year: € 752.168.

Adequate buffer

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

Cash € 650.435. Liquidity ratio 4,38: current assets cover short-term debt in full. Solvency 63,7%.

Amply covered

Payment behaviourTowards suppliers and towards the NBB

Trade payables correspond to 39 days of supplier credit, sector median 61. The accounts were filed 243 days after closing; the legal deadline is seven months.

Filed late

Signals and strengths

Events from the CBE and the Official Gazette over the past 24 months, plus positive markers derived from the figures.

Continuity

1 red flag(s) (24m)

Signals in the last 24 months

Late filing · 31 Aug 2026 · NBB
The 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 · 18 May 2026 · Staatsblad
The registered office relocated. Usually just a new office.
Two consecutive loss-making years · 31 Dec 2025 · NBB
Two financial years in a row closed at a loss. That can be an investment period, or a client that fell away. Ask what explains the pattern and what has changed since.
Low value-added coverage · 31 Dec 2025 · NBB
Every euro of payroll generates less than 95 cents of added value. That happens in a build-up year, with a lot of subcontracting, or under pressure on rates. Ask what explains it here.
Late filing · 30 Aug 2025 · NBB
The 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.
Loss-making year · 31 Dec 2024 · NBB
One financial year closed at a loss. The size is not shown here: it can be a few thousand euros, a one-off settlement, or a deliberate investment. Ask the agency what was behind it.

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: 11,7 months of payroll in equity
Team grew (+3,2% FTE in the latest year)
Healthy working capital (current ratio 4,38)
Equity was earned, not injected (reserves 10,3× the capital contributed)
Comfortable cash position: 324 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.

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	€ 750.160	€ 1,12 mln+48,8%	€ 754.184-32,4%	€ 651.471-13,6%	€ 524.310-19,5%
EBITDA	€ 353.975	€ 528.316	€ 38.440	€ -103.377	€ -255.603
EBITDA margin	47,2%	47,3%	5,1%	-15,9%	-48,8%
Staff
FTE	11,4	10,0-12,3%	9,4-6%	9,40%	9,7+3,2%
Gross margin per FTE	€ 65.803	€ 111.630	€ 80.232	€ 69.305	€ 54.053
Payroll cost per FTE	€ 34.097	€ 57.885	€ 75.932	€ 80.144	€ 75.588
Balance sheet
Equity	€ 892.363	€ 1,14 mln	€ 1,15 mln	€ 1,02 mln	€ 752.168
Cash	€ 728.729	€ 1,12 mln	€ 1,02 mln	€ 750.780	€ 650.435
Liquidity ratio	5,31	3,96	4,37	5,25	4,38

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 31/08/2026. 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 2024: the last year for which nearly all accounts have been filed.

Frequently asked questions about Manythink

When was Manythink founded?: In 2006.
Where is Manythink located?: In Vorst, Belgium.
How big is Manythink?: Around 10 full-time equivalents (financial year 2025).

All factsheets

Website: www.manythink.be →
Legal form: NV
Address: Van Volxemlaan 264 bus a1, 1190 Vorst
Company number: BE0885.841.117
Sector position: Bigger than roughly 50% of its peers

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Your annual budget with this agency

Based on a gross margin of € 524.310 (financial year 2025).

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Figures from the annual accounts up to financial year 2025. Company details checked against the CBE register on 2026-10-31.