Project Forge - Digital agency
Financial data
Project Forge is a profitable Belgian digital agency based in East Flanders that specializes in web development, online marketing, and performance marketing. The company primarily helps growing SMEs and other organizations strengthen their digital presence and commercial performance.
The company combines project-based revenue from website development with a growing base of recurring revenue from, among other things, hosting, maintenance, support plans, and ongoing marketing services. In the most recent fiscal year, recurring revenue accounted for 38% of total revenue.
Project Forge distinguishes itself through a highly standardized and scalable approach, supported by proprietary web technology, documented processes, and established quality controls. The international team consists of eight people and combines expertise in development, design, project management, and digital marketing.
The company has a broad and diversified customer base with strong roots in Belgium. The number of active customers grew to 165 in the most recent fiscal year, while revenue over the past two fiscal years increased at a CAGR of approximately 29%. In the current fiscal year, the first six months saw 9% growth compared to the previous year. The company combines this growth with an asset-light business model and high operational profitability.
The current shareholders wish to focus further on a separate project in the future and are seeking a suitable buyer who can drive the continued growth of Project Forge. A structured transition period is planned to ensure the continuity of customer relationships and operational activities.
Scope of the transaction: acquisition of 100% of the shares
Normalized revenue for the most recent fiscal year: EUR 806k
Normalized EBITDA for the most recently completed fiscal year: EUR 393k
web development, online marketing en performance marketing
Further scale up recurring revenue—and revenue in general. The existing structure is well-established and has demonstrable excess capacity.
- Location
- Oost-Vlaanderen
- Legal form
- Company
- Number of employees
- 6
- Customer type
- B2B (Business to Business)
- Active since
- 2020
- Real estate included
- No
- Translated from
- Dutch
- Disclaimer
- Takeover market is not responsible for the content. Please check for accuracy and completeness.
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