SettleMint
Annual accounts 2025
full format, filed on 31-08-2026, 31 days lateTurnover: not included in this filing.
Balance sheet
balance sheet total €9.7m on 31-12-2025in €m
in €m
Position in the sector
91.8%
Higher than 85% of 3,873 companies in 2025.
11.38
Higher than 90% of 3,727 companies in 2025.
-22.4%
Lower than 95% of 3,849 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter · Staff: middle half
Staff
€136,539
Staff costs divided by the average number of full-time equivalents.
-1 person
In 2025, nobody joined and 1 person left. Training hours in 2025: 54.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
9.7m | 7.3m | 9.4m | 16.8m | 3.6m | 4.7m | 3.4m | 524,012 | |
21/28 |
2.7m | 2.9m | 2.9m | 2.6m | 2.2m | 1.7m | 677,171 | 323,272 | |
21 |
2.6m | 2.8m | 2.8m | 2.5m | 2.2m | 1.6m | 641,388 | 286,095 | |
22/27 |
264 | 7,034 | 14,579 | 15,989 | 5,531 | 11,585 | 7,979 | 10,273 | |
23 |
264 | 6,020 | 12,522 | 12,851 | 3,811 | 7,866 | 7,167 | 7,708 | |
24 |
0 | 1,013 | 2,056 | 3,138 | 1,720 | 3,720 | 812 | 2,565 | |
28 |
150,548 | 149,793 | 159,358 | 24,560 | 49,213 | 49,213 | 27,805 | 26,905 | |
29/58 |
7.0m | 4.4m | 6.5m | 14.2m | 1.4m | 3.0m | 2.8m | 200,739 | |
29 |
269,971 | 248,569 | 223,445 | 169,394 | 130,697 | 91,925 | 37,660 | - | |
291 |
269,971 | 248,569 | 223,445 | 169,394 | 130,697 | 91,925 | 37,660 | - | |
40/41 |
3.7m | 2.8m | 2.7m | 1.9m | 1.1m | 1.4m | 2.4m | 164,522 | |
40 |
101,260 | 113,387 | 117,658 | 132,066 | 41,462 | 41,765 | 167,713 | 55,005 | |
41 |
3.6m | 2.6m | 2.6m | 1.8m | 1.0m | 1.4m | 2.2m | 109,517 | |
50/53 |
1.3m | 15,628 | 80,339 | 79,897 | 23,674 | 90,023 | - | - | |
54/58 |
1.7m | 1.1m | 3.4m | 12.0m | 25,804 | 1.4m | 334,507 | 33,492 | |
490/1 |
61,595 | 235,394 | 90,618 | 91,542 | 154,084 | 52,550 | 8,870 | 2,725 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
9.7m | 7.3m | 9.4m | 16.8m | 3.6m | 4.7m | 3.4m | 524,012 | |
10/15 |
8.9m | 5.6m | 8.1m | 13.9m | 401,536 | 2.1m | 997,942 | -144,157 | |
10/11 |
26.1m | 20.6m | 18.7m | 18.7m | 2.2m | 2.2m | 49,300 | 49,300 | |
10 |
264,806 | 107,180 | 102,497 | 102,497 | 62,091 | - | - | - | |
100 |
277,006 | 119,380 | 114,697 | 114,697 | 74,291 | 74,291 | 61,500 | 61,500 | |
101 |
12,200 | 12,200 | 12,200 | 12,200 | 12,200 | 12,200 | 12,200 | 12,200 | |
11 |
25.8m | 20.5m | 18.6m | 18.6m | 2.1m | 2.1m | 257,120 | 257,120 | |
1100/10 |
25.8m | 20.5m | 18.6m | 18.6m | 2.1m | 2.1m | 257,120 | 257,120 | |
14 |
-17.2m | -15.0m | -10.8m | -5.3m | -2.9m | -1.4m | -835,661 | -450,577 | |
15 |
- | 0 | 166,940 | 453,240 | 1.2m | 1.4m | 1.5m | - | |
17/49 |
794,436 | 1.7m | 1.3m | 2.9m | 3.2m | 2.5m | 2.4m | 668,169 | |
17 |
0 | 481,278 | - | 0 | 2.0m | 2.0m | 446,389 | - | |
170/4 |
0 | 481,278 | - | 0 | 2.0m | 2.0m | 446,389 | - | |
42/48 |
614,668 | 793,385 | 788,969 | 2.8m | 1.2m | 495,578 | 713,235 | 658,535 | |
42 |
- | - | 0 | 2.0m | - | - | - | - | |
43 |
- | - | - | 0 | 550,000 | 100,000 | 155,000 | 8,517 | |
430/8 |
- | - | - | 0 | 550,000 | 100,000 | 155,000 | 8,517 | |
44 |
513,031 | 687,624 | 678,375 | 576,061 | 556,614 | 261,166 | 344,136 | 190,986 | |
440/4 |
513,031 | 687,624 | 678,375 | 576,061 | 556,614 | 261,166 | 344,136 | 190,986 | |
45 |
80,948 | 85,073 | 89,904 | 96,622 | 80,763 | 110,646 | 43,922 | 20,246 | |
450/3 |
- | 0 | 1,124 | - | 0 | 7,249 | - | - | |
454/9 |
80,948 | 85,073 | 88,780 | 96,622 | 80,763 | 103,397 | 43,922 | 20,246 | |
47/48 |
20,689 | 20,689 | 20,689 | 123,629 | 23,766 | 23,766 | 170,177 | 438,785 | |
492/3 |
179,768 | 433,641 | 539,304 | 147,908 | 30,000 | 50,924 | 1.3m | 9,634 | |
| Income statement | |||||||||
76A |
0 | 272,278 | - | - | 0 | 31,407 | - | - | |
9900 |
-362,525 | -2.3m | -2.8m | -589,727 | -725,910 | 746,066 | 140,131 | -106,269 | |
62 |
819,235 | 1.2m | 1.8m | 1.3m | 1.0m | 1.1m | 418,987 | 244,060 | |
630 |
1.1m | 1.0m | 897,805 | 745,628 | 568,455 | 431,447 | 190,618 | 89,308 | |
631/4 |
-6,050 | -7,426 | 13,476 | - | - | - | - | - | |
640/8 |
5,300 | 9,634 | 2,644 | 868 | 1,093 | 20,348 | 348 | 1,198 | |
66A |
- | - | - | - | - | 6,915 | 0 | 729 | |
9901 |
-2.3m | -4.5m | -5.6m | -2.6m | -2.3m | -818,371 | -469,821 | -441,564 | |
75/76B |
110,496 | 217,434 | 364,030 | 446,564 | 802,466 | 249,519 | 82,785 | - | |
75 |
110,496 | 217,434 | 364,030 | 446,564 | 802,466 | 249,519 | 82,785 | - | |
65/66B |
61,038 | 52,930 | 324,209 | 196,558 | 19,442 | 77,122 | 35,707 | 9,013 | |
65 |
61,038 | 49,524 | 324,209 | 190,854 | 19,442 | 70,207 | 35,707 | 9,013 | |
66B |
0 | 3,407 | 0 | 5,704 | 0 | 6,915 | 0 | - | |
9903 |
-2.2m | -4.3m | -5.6m | -2.4m | -1.6m | -645,974 | -422,744 | -450,577 | |
67/77 |
-50,146 | -50,343 | -60,276 | -42,176 | -38,771 | -54,266 | -37,660 | - | |
9904 |
-2.2m | -4.2m | -5.5m | -2.3m | -1.5m | -591,708 | -385,084 | -450,577 | |
9905 |
-2.2m | -4.2m | -5.5m | -2.3m | -1.5m | -591,708 | -385,084 | -450,577 | |
| Appropriation of the result | |||||||||
9906 |
-17.2m | -15.0m | -10.8m | -5.3m | -2.9m | -1.4m | -835,661 | -450,577 | |
14P |
-15.0m | -10.8m | -5.3m | -2.9m | -1.4m | - | - | - | |
| Social balance sheet | |||||||||
9087 |
6 | 7.3 | 9.6 | 10.6 | 13.2 | 10.4 | 6.3 | 8.8 | |
Hours worked1013 |
10,396 | 12,816 | 16,732 | 18,200 | 23,788 | 18,540 | 10,675 | 8,228 | |
| Document | |||||||||
The notes to these accounts have 18 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 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00473653.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 31-08-2026 | 2026-00473653 | |
| 31-12-2024 | abbreviated format | 13-08-2025 | 2025-00374160 | |
| 31-12-2023 | abbreviated format | 20-08-2024 | 2024-00356333 | |
| 31-12-2022 | abbreviated format | 19-09-2023 | 2023-00448672 | |
| 31-12-2021 | abbreviated format | 17-06-2022 | 2022-20070409 | |
| 31-12-2020 | abbreviated format | 06-07-2021 | 2021-31300211 | |
| 31-07-2019 | abbreviated format | 17-02-2020 | 2020-05100293 | |
| 31-07-2018 | abbreviated format | 28-02-2019 | 2019-06200561 |
Subsidies and aid
Flemish government 2024, 1 entry, €1,250 awarded, €1,250 paid
European Union 1 project, 1 as coordinator, €1.8m EU contribution
Projects
- The distributed Blockchain middleware that allows business worldwide to build business solutions with Blockchain technologyHorizon 2020, coordinator, 01-03-2019 to 28-02-2021, €1.8m, SettleMint
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| -1.2m | -3.4m | -4.7m | -1.9m | -1.8m | -386,924 | -279,203 | -352,256 | ||
| -1.1m | -3.2m | -4.6m | -1.6m | -951,686 | -160,261 | -194,466 | -361,269 | ||
| 902,474 | 1.0m | 1.2m | 1.1m | 1.2m | 1.4m | 544,517 | 412,580 | ||
| 540,600 | -2.3m | -8.6m | 11.9m | -1.3m | 1.0m | 301,015 | - | ||
| 6.4m | 3.6m | 5.7m | 11.4m | 186,863 | 2.5m | 2.0m | -457,795 | ||
| 91.8% | 76.6% | 85.9% | 82.5% | 11.0% | 45.5% | 29.0% | -27.5% | ||
| 11.38 | 5.52 | 8.20 | 5.08 | 1.15 | 6.10 | 3.87 | 0.30 | ||
| 0.09 | 0.31 | 0.16 | 0.21 | 8.07 | 1.20 | 2.45 | - | ||
| -24.3% | -76.1% | -68.1% | -16.7% | -378.6% | -27.8% | -38.6% | - | ||
| -22.4% | -58.2% | -58.5% | -13.8% | -41.7% | -12.7% | -11.2% | -86.0% | ||
| -19.35 | -69.55 | -14.49 | -9.73 | -91.22 | - | - | - |
EBIT margin: not included in this filing.
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 7 | 7 | 13 | 11 |
| full-time | 5 | 6 | 7 | 11 | 9 |
| part-time | 1 | 1 | 0 | 2 | 2 |
| in full-time equivalents | 5.8 | 6.8 | 7 | 12.3 | 10.3 |
| 6 | 7.3 | 9.6 | 10.6 | 13.2 | |
| On a permanent contract | 6 | 7 | 7 | 13 | 11 |
| Joined | 0 | 1 | 0 | 4 | 6 |
| Left | 1 | 1 | 6 | 2 | 8 |
| Training hours | 54 | - | 5 | 4 | 4 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €6,291 | €15,913 | €1,318 |
| Intangible fixed assets | €901,719 | €1.0m | €1.1m | €1.1m | €1.2m |
| Financial fixed assets | €755 | - | €136,199 | - | - |
| €1.1m | €1.0m | €897,805 | €745,628 | €568,455 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SettleMint
The operating result for 2025 is a loss of €2.3m, smaller than the loss of €4.5m in 2024.
Debt's share of the balance-sheet total falls from 23.4% to 8.2%. Equity is higher and debt is lower.
- 2021 Net result -157% on 2020. The previous financial year ran 17 months, this one 12.