Equity
Buildevolution paid out €52,341 in dividends. That is 82% of the 2026 profit.
Buildevolution paid out €52,341 in dividends. That is 82% of the 2026 profit.
The result fell in 2026 from €150,669 to €63,962.
The micro format states no turnover.
Green is investment, beige is depreciation. Machinery stands 14.2% higher than in 2025.
The 2020 accounts came 10 days late. The other eight were filed on time.
More equity than 92% of companies in other professional activities. Sector median €51,992 · 145 companies.
In July 2024, 34,691 companies had the same profile as Buildevolution has now. Each dot stands for 87 companies, two years later.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,691 companies, not a prediction for Buildevolution. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Buildevolution Zemst | €503,805 | €169,525 | 82.9% | - |
| AIKON PRODUCTIES Boortmeerbeek | €404,271 | €141,090 | 11.4% | - |
| SAY CHEESE FOTOMARKETING Dilbeek | €427,872 | €218,487 | 58.5% | 2.7 |
| MB-4 Leuven | €657,215 | €127,431 | 50.5% | - |
| BUILDING VISION Puurs-Sint-Amands | €390,559 | €158,367 | 50.6% | - |
| FREDPHOTOS Chapelle-lez-Herlaimont | €364,274 | €202,445 | 16.0% | - |
| THE KNOWLEDGE BOX Leuven | €764,701 | €126,647 | 26.0% | - |
These companies have the same main activity as Buildevolution: photography, excluding press photography (NACE 74201). They are comparable in size and age: total assets between €364,000 and €765,000, founded between 2013 and 2017.
Buildevolution files the micro format. That format states no turnover. The gross margin rose from €69,400 in 2018 to €169,525 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 82% of 4,561 companies in 2025.
Higher than 76% of 4,377 companies in 2025.
Higher than 79% of 4,412 companies in 2025.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
503,805 | 498,484 | 359,841 | 370,427 | 246,781 | 158,861 | 80,988 | 122,695 | 73,033 | |
21/28 |
205,746 | 118,408 | 103,383 | 111,846 | 98,459 | 41,059 | 17,510 | 28,514 | 25,499 | |
21 |
6,946 | - | - | - | - | - | - | - | - | |
22/27 |
198,799 | 118,408 | 103,383 | 111,846 | 98,459 | 41,059 | 17,510 | 28,514 | 25,499 | |
22 |
6,020 | 6,056 | 6,815 | 7,573 | - | - | - | - | - | |
23 |
41,757 | 36,558 | 22,357 | 14,563 | 11,025 | 5,972 | 17,510 | 28,514 | 25,499 | |
24 |
151,023 | 75,794 | 74,211 | 89,711 | 87,435 | 35,087 | - | - | - | |
29/58 |
298,059 | 380,076 | 256,458 | 258,581 | 148,322 | 117,802 | 63,478 | 94,181 | 47,533 | |
40/41 |
64,745 | 38,747 | 34,455 | 39,638 | 46,280 | 28,766 | 52,543 | 60,300 | 20,735 | |
40 |
48,445 | 38,747 | 34,053 | 39,624 | 46,266 | 28,752 | 52,529 | 60,274 | 20,735 | |
41 |
16,300 | - | 402 | 14 | 14 | 14 | 14 | 27 | - | |
54/58 |
232,748 | 341,329 | 222,003 | 218,943 | 102,042 | 89,037 | 10,935 | 33,881 | 26,798 | |
490/1 |
567 | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
503,805 | 498,484 | 359,841 | 370,427 | 246,781 | 158,861 | 80,988 | 122,695 | 73,033 | |
10/15 |
417,575 | 405,954 | 325,160 | 297,711 | 178,655 | 104,331 | 67,236 | 95,904 | 45,068 | |
10/11 |
18,605 | 18,605 | 18,605 | 8,055 | 8,055 | 8,055 | - | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | - | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | - | 12,350 | 12,350 | |
11 |
18,605 | - | 18,605 | 8,055 | 8,055 | 8,055 | 18,550 | - | - | |
1100/10 |
- | - | - | - | - | - | 18,550 | - | - | |
1109/19 |
18,605 | - | 18,605 | 8,055 | 8,055 | 8,055 | - | - | - | |
13 |
229,756 | 165,794 | 85,000 | 75,000 | 50,000 | - | 1,855 | 1,855 | 1,855 | |
130 |
- | - | - | - | - | - | 1,855 | 1,855 | 1,855 | |
133 |
229,756 | 165,794 | 85,000 | 75,000 | 50,000 | - | - | - | - | |
14 |
169,214 | 221,555 | 221,555 | 214,656 | 120,600 | 96,276 | 46,831 | 87,849 | 37,013 | |
17/49 |
86,230 | 92,529 | 34,681 | 72,716 | 68,126 | 54,530 | 13,751 | 26,791 | 27,964 | |
17 |
18,235 | - | - | - | 5,903 | 9,408 | - | - | - | |
170/4 |
18,235 | - | - | - | 5,903 | 9,408 | - | - | - | |
42/48 |
67,995 | 92,529 | 34,681 | 72,716 | 62,223 | 45,122 | 13,751 | 26,791 | 27,964 | |
42 |
13,193 | 9,206 | 9,468 | 13,336 | 20,111 | 13,235 | 1,165 | 184 | 93 | |
44 |
6,789 | 4,206 | 2,909 | 2,083 | 3,377 | 6,603 | 7,540 | 9,209 | 6,634 | |
440/4 |
6,789 | 4,206 | 2,909 | 2,083 | 3,377 | 6,603 | 7,540 | 9,209 | 6,634 | |
45 |
34,063 | 79,117 | 22,304 | 57,297 | 38,735 | 25,284 | 5,047 | 17,398 | 21,237 | |
450/3 |
32,540 | 77,973 | 21,160 | 56,154 | 37,592 | 24,141 | 5,047 | 17,398 | 21,237 | |
454/9 |
1,524 | 1,143 | 1,143 | 1,143 | 1,143 | 1,143 | - | - | - | |
47/48 |
13,950 | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||
70 |
- | - | - | - | 232,905 | 143,448 | 120,695 | 151,982 | 94,733 | |
76A |
- | 2,742 | - | - | 1,450 | - | - | - | - | |
9900 |
169,525 | 237,462 | 97,708 | 174,347 | 122,538 | 88,926 | 54,785 | 88,913 | 69,400 | |
60/61 |
- | - | - | - | 113,534 | 55,279 | 66,551 | 63,410 | - | |
62 |
14,246 | - | - | - | 124 | 2,839 | 29,825 | 12,569 | - | |
630 |
36,145 | 27,942 | 24,412 | 14,353 | 18,488 | 15,591 | 13,442 | 12,833 | 9,944 | |
640/8 |
7,306 | 652 | 472 | 534 | 619 | 823 | 348 | 426 | 348 | |
66A |
- | - | 143 | 130 | - | - | - | - | - | |
9901 |
111,828 | 208,868 | 72,681 | 159,330 | 103,307 | 69,675 | 11,171 | 63,085 | 59,108 | |
75/76B |
34 | 1 | 5 | - | 13 | 15 | 138 | 45 | - | |
75 |
34 | 1 | 5 | - | 13 | 15 | 138 | 45 | - | |
65/66B |
1,909 | 339 | 175 | 478 | 817 | 285 | 60 | 157 | 14 | |
65 |
1,909 | 339 | 175 | 478 | 817 | 285 | 60 | 157 | 14 | |
9903 |
109,953 | 208,530 | 72,510 | 158,852 | 102,503 | 69,404 | 11,249 | 62,973 | 59,094 | |
67/77 |
45,992 | 57,860 | 15,611 | 37,957 | 26,578 | 18,360 | 2,267 | 12,138 | 20,226 | |
9904 |
63,962 | 150,669 | 56,899 | 120,896 | 75,925 | 51,045 | 8,982 | 50,836 | 38,868 | |
9905 |
63,962 | 150,669 | 56,899 | 120,896 | 75,925 | 51,045 | 8,982 | 50,836 | 38,868 | |
| Appropriation of the result | ||||||||||
9906 |
285,517 | 372,224 | 271,555 | 241,496 | 172,200 | 97,876 | 96,831 | 87,849 | 38,868 | |
14P |
221,555 | 221,555 | 214,656 | 120,600 | 96,276 | - | - | - | - | |
691/2 |
63,962 | 80,794 | 10,000 | 25,000 | 50,000 | - | - | - | 1,855 | |
6920 |
- | - | - | - | - | - | - | - | 1,855 | |
6921 |
63,962 | 80,794 | 10,000 | 25,000 | 50,000 | - | - | - | - | |
694/7 |
52,341 | 69,875 | 40,000 | 1,840 | 1,600 | 1,600 | 50,000 | - | - | |
694 |
52,341 | 69,875 | 40,000 | 1,840 | - | - | 50,000 | - | - | |
697 |
- | - | - | - | 1,600 | - | - | - | - | |
| Social balance sheet | ||||||||||
9087 |
0.6 | - | - | - | - | 0.9 | 0.9 | 0.9 | - | |
Hours worked1013 |
578 | - | - | - | - | 1,632 | 1,304 | 1,304 | - | |
| Document | ||||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 19-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 19-06-2026 | 2026-00175530 | |
| 31-03-2025 | micro format | 30-07-2025 | 2025-00327584 | |
| 31-03-2024 | micro format | 19-06-2024 | 2024-00140304 | |
| 31-03-2023 | micro format | 14-08-2023 | 2023-00326993 | |
| 31-03-2022 | micro format | 20-09-2022 | 2022-20431621 | |
| 31-03-2021 | micro format | 29-07-2021 | 2021-41600069 | |
| 31-03-2020 | micro format | 10-11-2020 | 2020-69300280 | |
| 31-03-2019 | micro format | 08-06-2019 | 2019-17200560 | |
| 31-03-2018 | micro format | 23-07-2018 | 2018-35600381 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| 147,973 | 236,810 | 97,093 | 173,683 | 121,795 | 85,265 | 24,613 | 75,918 | 69,052 | ||
| 100,107 | 178,611 | 81,311 | 135,249 | 94,413 | 66,635 | 22,424 | 63,669 | 48,812 | ||
| 145,657 | 50,363 | 15,949 | 81,971 | 75,889 | 45,261 | 2,438 | 17,499 | 35,443 | ||
| -108,581 | 119,327 | 3,059 | 116,901 | 13,005 | 78,102 | -22,946 | 7,083 | - | ||
| 230,064 | 287,547 | 221,777 | 185,865 | 86,099 | 72,680 | 49,727 | 67,390 | 19,569 | ||
| - | - | - | - | 44.4% | 48.6% | 9.3% | 41.5% | 62.4% | ||
| 82.9% | 81.4% | 90.4% | 80.4% | 72.4% | 65.7% | 83.0% | 78.2% | 61.7% | ||
| 4.38 | 4.11 | 7.39 | 3.56 | 2.38 | 2.61 | 4.62 | 3.52 | 1.70 | ||
| 0.21 | 0.23 | 0.11 | 0.24 | 0.38 | 0.52 | 0.20 | 0.28 | 0.62 | ||
| 15.3% | 37.1% | 17.5% | 40.6% | 42.5% | 48.9% | 13.4% | 53.0% | 86.2% | ||
| 12.7% | 30.2% | 15.8% | 32.6% | 30.8% | 32.1% | 11.1% | 41.4% | 53.2% | ||
| 77.52 | over 100 | over 100 | over 100 | over 100 | - | - | - | - | ||
| - | - | - | - | 73 days | 73 days | 159 days | 145 days | 80 days | ||
| - | - | - | - | 11 days | 44 days | 41 days | 53 days | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 |
|---|---|
| 0.4 |
Source: social balance sheet in the 2026 annual accounts
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €138,657 | €50,363 | €15,949 | €81,971 | €75,889 |
| Intangible fixed assets | €7,000 | - | - | - | - |
| €36,145 | €27,942 | €24,412 | €14,353 | €18,488 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 46% lower than in 2025.
Debt's share of the balance-sheet total falls from 18.6% to 17.1%. Equity is higher and debt is lower.
Buildevolution has no parent and no holdings in its annual accounts. is the only director. Buildevolution shares no director with another company.
| Studio Shoshana
registered office since 06-10-2025 |
founded in 2025 1028.706.675 |
| Varga, Mihai (sole trader)
establishment since 30-11-2011 |
founded in 2011 0841.437.683 |
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Katersveld 15 registered office 1980 Zemst | 21-04-2016 | 2.252.702.660 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23020B0194/00K003 | 844 m² | 1 · 174 m² | 7.1 m · 2 |
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