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Private limited companyfounded 2008active for 18 yearsPittemsesteenweg 10, 8700 Tielt, BelgiumKBO/BCE: BE 0807.320.409

Financials · financial year 2026, micro format

Annual accounts 2026 filed on 22-09-2026 at the NBB all 17 filings

Equity
€623,921▼ 35.0%
2025 · €959,187
Net result
€204,835▼ 5.6%
2025 · €216,895
Total assets
€883,114▼ 14.4%
2025 · €1.0m
Solvency
70.7%▼ 22.3pp
2025 · 93.0%
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

The operating result for 2026 is 5% lower than in 2025.

Operating result€0.3m 2026 Net result€0.2m 2026

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€0.007m-€0.02m▲ 145%€0.2m▲ 11×€0.3m▲ 54.0%€0.3m▼ 4.4%€0.2m▼ 16.4%€0.3m▲ 37.0%€0.3m▼ 4.7%
Net result€0.002m-€0.009m▲ 262%€0.1mabove the sector's middle half▲ 17×€0.2mabove the sector's middle half▲ 40.5%€0.2mabove the sector's middle half▼ 3.6%€0.2mabove the sector's middle half▼ 16.8%€0.2mabove the sector's middle half▲ 36.7%€0.2m▼ 5.6%
Equity€0.08m-€0.09m▲ 10.6%€0.2mwithin the sector's middle half▲ 158%€0.4mabove the sector's middle half▲ 86.1%€0.6mabove the sector's middle half▲ 36.5%€0.7mabove the sector's middle half▲ 27.2%€1.0mabove the sector's middle half▲ 29.2%€0.6m▼ 35.0%
Total assets€0.2m-€0.5m▲ 165%€0.7mwithin the sector's middle half▲ 59.4%€0.8mwithin the sector's middle half▲ 1.5%€0.9mwithin the sector's middle half▲ 15.2%€0.9mabove the sector's middle half▲ 7.8%€1.0mabove the sector's middle half▲ 9.7%€0.9m▼ 14.4%
Debt€0.06m-€0.3m▲ 499%€0.5m▲ 40.5%€0.3m▼ 39.1%€0.2m▼ 14.2%€0.2m▼ 36.3%€0.03m▼ 79.3%€0.2m▲ 570%
Working capital€0.09m-€0.05m▼ 45.1%-€0.02mwithin the sector's middle half€0.2mabove the sector's middle half€0.3mabove the sector's middle half▲ 48.7%€0.4mabove the sector's middle half▲ 39.7%€0.5mabove the sector's middle half▲ 37.0%€0.2m▼ 62.3%
Solvency45.5%-19.0%▼ 26.5pp30.8%within the sector's middle half▲ 11.8pp56.4%within the sector's middle half▲ 25.7pp66.9%within the sector's middle half▲ 10.5pp78.9%above the sector's middle half▲ 12.0pp93.0%above the sector's middle half▲ 14.1pp70.7%▼ 22.3pp
Current ratio2.62-1.40▼ 1.220.90within the sector's middle half▼ 0.505.40above the sector's middle half▲ 4.505.27above the sector's middle half▼ 0.1315.90above the sector's middle half▲ 10.6317.84above the sector's middle half▲ 1.941.94▼ 15.90
Return on assets (ROA)1.3%-1.8%▲ 0.5pp18.9%within the sector's middle half▲ 17.0pp26.1%above the sector's middle half▲ 7.2pp21.9%within the sector's middle half▼ 4.2pp16.9%within the sector's middle half▼ 5.0pp21.0%within the sector's middle half▲ 4.2pp23.2%▲ 2.2pp
Staff (FTE)2.6-2.5▼ 3.8%1.4▼ 44.0%1.8▲ 28.6%1.5▼ 16.7%2.2▲ 46.7%2.5▲ 13.6%2.8▲ 12.0%
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €883,114
Fixed assets €458,133 ▲ 1.1%
Current assets €424,981 ▼ 26.5%
Equity and liabilities €883,114
Equity €623,921 ▼ 35.0%
Provisions €39,747 =
Debt €219,446 ▲ 570%
Debt's share of the balance-sheet total rises from 3.2% to 24.8%. Equity is lower and debt is higher.
Key figures and ratios
2026 value · change against 2025
ROE
32.8%▲
2025 · 22.6%
Debt ≤ 1 year
€219,446▲
2025 · €32,415
Income taxes
€105,101▲
2025 · €103,281
Staff costs
€160,817▲
2025 · €118,005
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-03-202231-03-202331-03-202431-03-202531-03-2026
Employees at the balance-sheet date22334
full-time21211
part-time01123
in full-time equivalents21.52.52.33.1
Average over the year, in full-time equivalents1.81.52.22.52.8
On a permanent contract22334
Joined11101
Left11000
Training hours-303000

Source: social balance sheet in the 2022 to 2026 annual accounts

Investments

fixed assets acquired
Item31-03-202231-03-202331-03-202431-03-202531-03-2026
Tangible fixed assets€15,274€52,927€58,588€10,573€73,482
Depreciation and write-downs of the year€47,406€52,112€63,586€72,543€68,710

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 to 2025 · 5 entries · €14,084 awarded · €17,368 paid
Year Entries AwardedPaid
2025 2 €6,329€7,226
2024 1 €5,115€4,059
2023 1 €240€3,683
2022 1 €2,400€2,400
Schemes
4 entries · €11,740 · €15,024 paid · Fonds voor Innoveren en Ondernemen
1 entry · €2,344 · €2,344 paid · Vlaams Energie- en Klimaatagentschap

Comparable companies

These companies have the same main activity as UFIN: other financial services (NACE 64999). They are comparable in size and age: total assets between €783,000 and €1.1m, founded between 2002 and 2011.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
UFIN Tielt2008€0.9m€0.6m€0.5m€0.2m-2026
Beau4 Middelkerke2010€1.1m€0.2m€0.7m€0.1m5.32025
MATLEASE Sint-Gillis (bij-Brussel)2008€0.8m€0.6m€0.4m€0.02m2.92025
LE-CHIFFRE Montigny-le-Tilleul2004€1.0m€0.05m€0.5m€0.05m-2025
SPREDS Brussel2011€0.9m€0.7m€0.8m€0.04m4.62025
Welvaco Insurance Deinze2004€0.8m€0.4m€0.7m€0.3m4.62025
ARTIMMAS Manhay2002€0.9m€0.4m€0.5m€0.1m2.92025

They were chosen from the 492 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 52 lines

Source: Annual accounts 2026 at the NBB, filed on 22-09-2026.

Balance sheet Code20252026
Assets
Total assets20/58€1.0m€0.9m▼
Fixed assets21/28€0.5m€0.5m▲
Tangible fixed assets22/27€0.5m€0.5m▲
Land and buildings22€0.4m€0.4m▼
Plant, machinery and equipment23€0.006m€0.009m▲
Furniture and vehicles24€0.05m€0.06m▲
Current assets29/58€0.6m€0.4m▼
Amounts receivable within one year40/41€0.002m€0.008m▲
Trade receivables40€376€0.005m▲
Other amounts receivable41€0.002m€0.003m▲
Cash at bank and in hand54/58€0.4m€0.2m▼
Deferred charges and accrued income490/1€0.2m€0.2m▼
Equity and liabilities
Total equity and liabilities10/49€1.0m€0.9m▼
Equity10/15€1.0m€0.6m▼
Contributions10/11€0.02m€0.02m=
Reserves13€0.9m€0.6m▼
Distributable reserves133€0.9m€0.6m▼
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€0.04m€0.04m=
Provisions for liabilities and charges160/5€0.04m€0.04m=
Pensions and similar obligations160€0.04m€0.04m=
Amounts payable17/49€0.03m€0.2m▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€0.03m€0.2m▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€51€0.002m▲
Suppliers440/4€51€0.002m▲
Taxes, remuneration and social security45€0.03m€0.03m▼
Taxes450/3€0.03m€0.03m▼
Remuneration and social security454/9€48€0▼
Other amounts payable47/48€0€0.2m▲
Accrued charges and deferred income492/3€323€0▼
Income statement Code20252026
Remuneration, social security and pensions62€0.1m€0.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.07m€0.07m▼
Other operating charges640/8€0.004m€0.003m▼
Gross operating margin9900€0.5m€0.5m▲
Operating profit (loss)9901€0.3m€0.3m▼
Financial income75/76B€0.002m€0.005m▲
Recurring financial income75€0.002m€0.005m▲
Financial charges65/66B€0.002m€0.001m▼
Recurring financial charges65€0.002m€0.001m▼
Profit (loss) for the period before taxes9903€0.3m€0.3m▼
Income taxes67/77€0.1m€0.1m▲
Profit (loss) for the period9904€0.2m€0.2m▼
Profit (loss) for the period to be appropriated9905€0.2m€0.2m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.2m▼
Transfer from equity791/2-€0.5m
Transfer to equity691/2€0.2m€0.2m▼
To other reserves6921€0.2m€0.2m▼
Profit to be distributed694/7-€0.5m
Return on contributions (dividend)694-€0.5m

The notes to these accounts have 7 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.

Line20192020202120222023202420252026Change
Non-recurring operating income76A---€442€0----
Remuneration, social security and pensions62---€79,621€84,974€113,560€118,005€160,817▲ 36.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,673€13,344€42,362€47,406€52,112€63,586€72,543€68,710▼ 5.3%
Other operating charges640/8---€2,040€5,678€3,673€4,000€3,221▼ 19.5%
Gross operating margin9900€101,571€129,030€266,093€421,950€422,708€414,851€515,247€538,486▲ 4.5%
Operating profit (loss)9901€6,985€17,116€190,187€292,883€279,944€234,032€320,698€305,738▼ 4.7%
Financial income75/76B---€31€0€531€1,887€4,874▲ 158%
Recurring financial income75€118€36€0€31€0€531€1,887€4,874▲ 158%
Financial charges65/66B---€4,187€4,064€3,144€2,410€675▼ 72.0%
Recurring financial charges65€1,126€1,912€7,047€4,187€4,064€3,144€2,410€675▼ 72.0%
Profit (loss) for the period before taxes9903€5,976€15,240€183,140€288,727€275,880€231,418€320,176€309,937▼ 3.2%
Income taxes67/77€3,623€6,732€42,404€90,945€85,158€72,723€103,281€105,101▲ 1.8%
Profit (loss) for the period9904€2,353€8,508€140,736€197,782€190,723€158,695€216,895€204,835▼ 5.6%
Profit (loss) for the period to be appropriated9905€2,353€8,508€140,736€197,782€190,723€158,695€216,895€204,835▼ 5.6%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€0.2m€0.5m€0.7m€0.8m€0.9m€0.9m€1.0m€0.9m▼ 14.4%
Fixed assets21/28€0.03m€0.3m€0.6m€0.5m€0.5m€0.5m€0.5m€0.5m▲ 1.1%
Intangible fixed assets21€0.02m€0.01m€0------
Tangible fixed assets22/27€0.01m€0.3m€0.6m€0.5m€0.5m€0.5m€0.5m€0.5m▲ 1.1%
Land and buildings22---€0.5m€0.4m€0.4m€0.4m€0.4m▼ 2.2%
Plant, machinery and equipment23----€367€0.003m€0.006m€0.009m▲ 58.1%
Furniture and vehicles24---€0.05m€0.08m€0.08m€0.05m€0.06m▲ 18.4%
Other tangible fixed assets26---€0-----
Current assets29/58€0.1m€0.2m€0.2m€0.2m€0.4m€0.4m€0.6m€0.4m▼ 26.5%
Amounts receivable within one year40/41-€0.002m€0.002m€0.002m€0.001m€0.002m€0.002m€0.008m▲ 273%
Trade receivables40---€0--€376€0.005m▲ 14×
Other amounts receivable41---€0.002m€0.001m€0.002m€0.002m€0.003m▲ 56.5%
Cash at bank and in hand54/58€0.04m€0.04m€0.03m€0.1m€0.2m€0.2m€0.4m€0.2m▼ 34.2%
Deferred charges and accrued income490/1---€0.1m€0.2m€0.2m€0.2m€0.2m▼ 15.8%
Equity and liabilities
Total equity and liabilities10/49€0.2m€0.5m€0.7m€0.8m€0.9m€0.9m€1.0m€0.9m▼ 14.4%
Equity10/15€0.08m€0.09m€0.2m€0.4m€0.6m€0.7m€1.0m€0.6m▼ 35.0%
Contributions10/11€0.02m--€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.06m€0.07m€0.2m€0.4m€0.6m€0.7m€0.9m€0.6m▼ 35.6%
Distributable reserves133---€0.4m€0.6m€0.7m€0.9m€0.6m▼ 35.6%
Profit (loss) carried forward14----€0€0-€0-
Provisions and deferred taxes16€0.04m€0.04m€0.04m€0.04m€0.04m€0.04m€0.04m€0.04m=
Provisions for liabilities and charges160/5---€0.04m€0.04m€0.04m€0.04m€0.04m=
Pensions and similar obligations160---€0.04m€0.04m€0.04m€0.04m€0.04m=
Amounts payable17/49€0.06m€0.3m€0.5m€0.3m€0.2m€0.2m€0.03m€0.2m▲ 570%
Amounts payable after more than one year17-€0.2m€0.3m€0.2m€0.2m€0.1m€0--
Financial debts170/4---€0.2m€0.2m€0.1m€0--
Amounts payable within one year42/48€0.06m€0.1m€0.2m€0.04m€0.07m€0.03m€0.03m€0.2m▲ 577%
Current portion of amounts payable after more than one year42---€0.02m€0.01m€0.01m€0--
Trade debts44€0.007m€0.01m€0.007m€0.009m€0.005m€0.01m€51€0.002m▲ 39×
Suppliers440/4---€0.009m€0.005m€0.01m€51€0.002m▲ 39×
Taxes, remuneration and social security45---€0.02m€0.01m€0.004m€0.03m€0.03m▼ 17.3%
Taxes450/3---€0.02m€0.009m€0.004m€0.03m€0.03m▼ 17.2%
Remuneration and social security454/9---€140€0.003m€86€48€0▼ 100%
Other amounts payable47/48---€93€0.04m€51€0€0.2m-
Accrued charges and deferred income492/3---€257€0€426€323€0▼ 100%
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€2,353€8,508€140,736€197,782€190,723€158,695€216,895€204,835▼ 5.6%
+ Depreciation and write-downs630€14,673€13,344€42,362€47,406€52,112€63,586€72,543€68,710▼ 5.3%
Operating cash flow (approximation)€17,026€21,852€183,098€245,188€242,835€222,281€289,438€273,546▼ 5.5%
Investment in fixed assets (approximation)--€276,208-€308,462-€11,258-€50,292-€58,588-€10,573-€73,482▼ 595%
Change in cash--€3,570-€11,407€97,401€31,784€81,836€129,515-€126,185-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 17 filings with the National Bank
Financial year Type Filed Reference Document
31-03-2026 micro format 22-09-2026 2026-00518758 NBB
31-03-2025 micro format 03-10-2025 2025-00527979 PDF
31-03-2024 micro format 21-10-2024 2024-00510688 PDF
31-03-2023 micro format 18-09-2023 2023-00447789 PDF
31-03-2022 micro format 25-10-2022 2022-20472670 PDF
31-03-2021 micro format 26-10-2021 2021-73100412 PDF
31-03-2020 micro format 28-10-2020 2020-64500567 PDF
31-03-2019 micro format 30-09-2019 2019-66900091 PDF
31-03-2018 micro format 31-10-2018 2018-71600060 PDF
31-03-2017 micro format 28-09-2017 2017-64100472 PDF

Show all 17 filings

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