SettleMint
ActiveSummary
SettleMint has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.9m and a net result of -€2.2m. Equity is growing by ~44.1% per year across the filed fiscal years. Its solvency ranks better than 86% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600,000 at 30 days acceptable
Liquidity ample (current ratio 11.38 against 5.52 in 2024; short-term debt: 6.3% and cash: 17.1% of total assets), and 8.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.8%
Return on assets
-22.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
13 d late
2023
20 d late
2022
50 d late
2021
44 d early
2020
25 d early
2019
12 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€2.2m▲ 48.8%
2024 · -€4.2m
Working capital
€6.4m▲ 78.0%
2024 · €3.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2.3m▼ 186%-€2.6m▼ 11.1%-€5.6m▼ 115%-€4.5m▲ 20.3%-€2.3m▲ 49.1%
Net result-€1.5m▼ 157%-€2.3m▼ 52.0%-€5.5m▼ 138%-€4.2m▲ 22.7%-€2.2m▲ 48.8%
Equity€401,536▼ 81.1%€13.9m▲ 3,349%€8.1m▼ 41.8%€5.6m▼ 30.8%€8.9m▲ 59.8%
Total assets€3.6m▼ 22.0%€16.8m▲ 361%€9.4m▼ 44.1%€7.3m▼ 22.4%€9.7m▲ 33.3%
Debt€3.2m▲ 27.3%€2.9m▼ 9.2%€1.3m▼ 54.9%€1.7m▲ 28.6%€794,436▼ 53.5%
Working capital€186,863▼ 92.6%€11.4m▲ 6,006%€5.7m▼ 50.2%€3.6m▼ 36.9%€6.4m▲ 78.0%
Staff (FTE)13.2▲ 26.9%10.6▼ 19.7%9.6▼ 9.4%7.3▼ 24.0%6▼ 17.8%
Why a figure moved sharply
- 2025 Equity +60% on 2024. Cause not known from the registers.
- 2023 Net result -138% on 2022. Cause not known from the registers.
- 2022 Net result -52%, Equity +3,349%, Total assets +361% on 2021. Cause not known from the registers.
- 2021 Net result -157% on 2020. The previous fiscal year ran 17 months, this one 12.
- 2021 Equity -81% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.3m in 2025 against €4.5m in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.7m
Fixed assets
€2.7m ▼ 6.5%
Current assets
€7.0m ▲ 59.8%
Equity and liabilities €9.7m
Equity
€8.9m ▲ 59.8%
Debt
€794,436 ▼ 53.5%
Debt's share of the balance-sheet total falls from 23.4% to 8.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€1.2m▲
2024 · -€3.4m
Cash flow
-€1.1m▲
2024 · -€3.2m
Current ratio
11.38▲
2024 · 5.52
Debt to equity
0.09▼
2024 · 0.31
ROE
-24.3%▲
2024 · -76.1%
ROA
-22.4%▲
2024 · -58.2%
Interest coverage
-19.35▲
2024 · -69.55
Debt ≤ 1 year
€614,668▼
2024 · €793,385
Debt > 1 year
€0▼
2024 · €481,278
Income taxes
-€50,146▲
2024 · -€50,343
Staff costs
€819,235▼
2024 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | €272,278 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €1.0m | €1.3m | €1.8m | €1.2m | €819,235 | ▼ 31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €568,455 | €745,628 | €897,805 | €1.0m | €1.1m | ▲ 7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €13,476 | -€7,426 | -€6,050 | ▲ 18.5% |
| Other operating charges640/8 | €1,093 | €868 | €2,644 | €9,634 | €5,300 | ▼ 45.0% |
| Gross operating margin9900 | -€725,910 | -€589,727 | -€2.8m | -€2.3m | -€362,525 | ▲ 83.9% |
| Operating profit (loss)9901 | -€2.3m | -€2.6m | -€5.6m | -€4.5m | -€2.3m | ▲ 49.1% |
| Financial income75/76B | €802,466 | €446,564 | €364,030 | €217,434 | €110,496 | ▼ 49.2% |
| Recurring financial income75 | €802,466 | €446,564 | €364,030 | €217,434 | €110,496 | ▼ 49.2% |
| Financial charges65/66B | €19,442 | €196,558 | €324,209 | €52,930 | €61,038 | ▲ 15.3% |
| Recurring financial charges65 | €19,442 | €190,854 | €324,209 | €49,524 | €61,038 | ▲ 23.2% |
| Non-recurring financial charges66B | €0 | €5,704 | €0 | €3,407 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€1.6m | -€2.4m | -€5.6m | -€4.3m | -€2.2m | ▲ 48.3% |
| Income taxes67/77 | -€38,771 | -€42,176 | -€60,276 | -€50,343 | -€50,146 | ▲ 0.4% |
| Profit (loss) for the period9904 | -€1.5m | -€2.3m | -€5.5m | -€4.2m | -€2.2m | ▲ 48.8% |
| Profit (loss) for the period to be appropriated9905 | -€1.5m | -€2.3m | -€5.5m | -€4.2m | -€2.2m | ▲ 48.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €16.8m | €9.4m | €7.3m | €9.7m | ▲ 33.3% |
| Fixed assets21/28 | €2.2m | €2.6m | €2.9m | €2.9m | €2.7m | ▼ 6.5% |
| Intangible fixed assets21 | €2.2m | €2.5m | €2.8m | €2.8m | €2.6m | ▼ 6.6% |
| Tangible fixed assets22/27 | €5,531 | €15,989 | €14,579 | €7,034 | €264 | ▼ 96.2% |
| Plant, machinery and equipment23 | €3,811 | €12,851 | €12,522 | €6,020 | €264 | ▼ 95.6% |
| Furniture and vehicles24 | €1,720 | €3,138 | €2,056 | €1,013 | €0 | ▼ 100% |
| Financial fixed assets28 | €49,213 | €24,560 | €159,358 | €149,793 | €150,548 | ▲ 0.5% |
| Current assets29/58 | €1.4m | €14.2m | €6.5m | €4.4m | €7.0m | ▲ 59.8% |
| Amounts receivable after more than one year29 | €130,697 | €169,394 | €223,445 | €248,569 | €269,971 | ▲ 8.6% |
| Other amounts receivable291 | €130,697 | €169,394 | €223,445 | €248,569 | €269,971 | ▲ 8.6% |
| Amounts receivable within one year40/41 | €1.1m | €1.9m | €2.7m | €2.8m | €3.7m | ▲ 33.7% |
| Trade receivables40 | €41,462 | €132,066 | €117,658 | €113,387 | €101,260 | ▼ 10.7% |
| Other amounts receivable41 | €1.0m | €1.8m | €2.6m | €2.6m | €3.6m | ▲ 35.6% |
| Current investments50/53 | €23,674 | €79,897 | €80,339 | €15,628 | €1.3m | ▲ 8,305% |
| Cash at bank and in hand54/58 | €25,804 | €12.0m | €3.4m | €1.1m | €1.7m | ▲ 48.4% |
| Deferred charges and accrued income490/1 | €154,084 | €91,542 | €90,618 | €235,394 | €61,595 | ▼ 73.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €16.8m | €9.4m | €7.3m | €9.7m | ▲ 33.3% |
| Equity10/15 | €401,536 | €13.9m | €8.1m | €5.6m | €8.9m | ▲ 59.8% |
| Contributions10/11 | €2.2m | €18.7m | €18.7m | €20.6m | €26.1m | ▲ 26.8% |
| Capital10 | €62,091 | €102,497 | €102,497 | €107,180 | €264,806 | ▲ 147% |
| Issued capital100 | €74,291 | €114,697 | €114,697 | €119,380 | €277,006 | ▲ 132% |
| Uncalled capital101 | €12,200 | €12,200 | €12,200 | €12,200 | €12,200 | = |
| Outside capital11 | €2.1m | €18.6m | €18.6m | €20.5m | €25.8m | ▲ 26.2% |
| Share premium1100/10 | €2.1m | €18.6m | €18.6m | €20.5m | €25.8m | ▲ 26.2% |
| Profit (loss) carried forward14 | -€2.9m | -€5.3m | -€10.8m | -€15.0m | -€17.2m | ▼ 14.5% |
| Investment grants15 | €1.2m | €453,240 | €166,940 | €0 | - | - |
| Amounts payable17/49 | €3.2m | €2.9m | €1.3m | €1.7m | €794,436 | ▼ 53.5% |
| Amounts payable after more than one year17 | €2.0m | €0 | - | €481,278 | €0 | ▼ 100% |
| Financial debts170/4 | €2.0m | €0 | - | €481,278 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €1.2m | €2.8m | €788,969 | €793,385 | €614,668 | ▼ 22.5% |
| Current portion of amounts payable after more than one year42 | - | €2.0m | €0 | - | - | - |
| Financial debts43 | €550,000 | €0 | - | - | - | - |
| Credit institutions430/8 | €550,000 | €0 | - | - | - | - |
| Trade debts44 | €556,614 | €576,061 | €678,375 | €687,624 | €513,031 | ▼ 25.4% |
| Suppliers440/4 | €556,614 | €576,061 | €678,375 | €687,624 | €513,031 | ▼ 25.4% |
| Taxes, remuneration and social security45 | €80,763 | €96,622 | €89,904 | €85,073 | €80,948 | ▼ 4.8% |
| Taxes450/3 | €0 | - | €1,124 | €0 | - | - |
| Remuneration and social security454/9 | €80,763 | €96,622 | €88,780 | €85,073 | €80,948 | ▼ 4.8% |
| Other amounts payable47/48 | €23,766 | €123,629 | €20,689 | €20,689 | €20,689 | = |
| Accrued charges and deferred income492/3 | €30,000 | €147,908 | €539,304 | €433,641 | €179,768 | ▼ 58.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.5m | -€2.3m | -€5.5m | -€4.2m | -€2.2m | ▲ 48.8% |
| + Depreciation and write-downs630 | €568,455 | €745,628 | €897,805 | €1.0m | €1.1m | ▲ 7.3% |
| Operating cash flow (approximation) | -€951,686 | -€1.6m | -€4.6m | -€3.2m | -€1.1m | ▲ 66.5% |
| Investment in fixed assets (approximation) | - | -€1.1m | -€1.2m | -€1.0m | -€902,474 | ▲ 10.3% |
| Change in cash | - | €11.9m | -€8.6m | -€2.3m | €540,600 | ▲ 124% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 11.38
Current ratio from 5.52 to 11.38; short-term debt falls from €793,385 to €614,668.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 13 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet -€5.5m
Net result drops to -€5.5m, the lowest in the series; recovery starts the following year.
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 50 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 5.08
Current ratio from 1.15 to 5.08.
31-12
Financial
Equity above €10mEq €13.9m ▲3,349%
Equity rises from €401,536 to €13.9m.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €2mEq €2.1m ▲113%
Equity rises from €997,942 to €2.1m.
17-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
17 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2016
Ground area
1.7 ha
Building footprint
3,456 m²
Volume, LiDAR
79,783 m³
2 parcels, Flanders · tallest building 32.1 m, ±9 floors. Linked by address, not a title deed.
136
companies at this address
See who is registered here
1 establishment unit
SettleMint
since 20162.259.254.318
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0312/00M008 | Flanders | 1.1 ha | 1 · 1,429 m² | 27.6 m · 8 fl. |
| 24433E0025/00C002 | Flanders | 6,606 m² | 1 · 2,027 m² | 32.0 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
100%
- Settlemint Pte Ltd SingaporeSGsubsidiarySourceown accounts 2025Equity -SGD 743,359Result -SGD 93,507100%
According to the 2025 annual accounts of SettleMint and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,250 EUR awarded · 1,250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,250 EUR | 1,250 EUR |
European research
1 project · 1 as coordinator · 1,807,750 EUR EU contributionProgrammes
Projects
The distributed Blockchain middleware that allows business worldwide to build business solutions with Blockchain technology
Recognitions · licences · registrations
Legal Entity Identifier
699400PA640N4TOKFE66
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 7,419 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0661674810
Registered
27-03-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.