Equity
€8.9m ▲ 59.8%
Equity rose in 2025 from €5.6m to €8.9m.
SettleMint
Overview
Lifetime
8 annual accounts with figures on one time axispeak €746,066 (2020)
-€362,525▲ €1.9m
lowest -€5.5m (2023)
-€2.2m▲ €2.1m
peak €13.9m (2022)
€8.9m▲ 59.8%
€794,436▼ 53.5%
peak 13.2 FTE (2021)
6 FTE▼ 17.8%
Board16 names since 2017all names
6 directorsMVN INC BV and 5 others
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Gross margin from -€2.3m to -€362,525Loss of €2.2mStaff from 7.3 FTE to 6 FTERegistered office moved within Leuven 05-112 directors appointed 16-10Capital increase of €67,486.94 to €217,558.93 13-08
Key points
from the 2025 annual accountsLosses
-€17.2m in eight years
Every financial year from 2018 to 2025 closed with a loss. 2023 was the heaviest.
Staff
6 FTE from 13.2 in 2021
Between 2021 and 2025, 55% of the full-time equivalents disappeared.
Liquidity
11.38 was 5.52 in 2024
Short-term debts fell from €793,385 to €614,668.
At the same address
137 companies
Position in the sector
-€2.2m
Lower net result than 95% of companies in head offices and management consultancy. Sector median €53,814 · 3,872 companies.
2025 accounts filed 31 days after the deadline
Checked score
83
Excellent
Financially stronger than 59% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.2%▼ -0.3 percentage points vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%▼ -0.2 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.7%▲ +0.4 percentage points vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.8%▲ +0.1 percentage points vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.5%▼ -0.6 percentage points vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Loss of €2.2m, the second in a row (financial year 2025)
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 11.38, cash €1.7m
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 63% on liquidity, 4% on profitability and 83% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,805 companies had the same profile as SettleMint has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SettleMint itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,805 companies, not a prediction for SettleMint. 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.
Credit verdict
Credit of up to €700,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 11.38 (5.52 in 2024), above the usual 1.5. Short-term debt is 6.3% and cash 17.1% of total assets. 8.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
31 days late
2024
13 days late
2023
20 days late
2022
50 days late
2021
44 days early
2020
25 days early
2019
12 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
DF
DANESI Franco
Director
PK
PALUCKI KRZYSZTOF Robert
Director
- NEWTEK SYSTEMS FZ-LLCdeed of 22-01-2026
Shares in 3 companies, including Settlemint Dubai and Settlemint Japan
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0661674810
Capital increase of €27,623.09 to €277,006.34
Capital from €249,383.25 to €277,006.34, 346,154 new shares · NEWTEK SYSTEMS FZ-LLC holds 346,154 shares · General meeting of 08-10-2025 · Gazette deed
Registered office moved within Leuven
New registered office: Philipssite 5 bus 1, 3001 Leuven, België · Previous registered office: Arnould Nobelstraat 30, 3000 Leuven, België · Board meeting of 28-09-2025 · Gazette deed
2 directors appointed
Capital from €217,558.93 to €218,690.90, 14,185 new shares · Capital from €218,690.90 to €249,383.25, 384,616 new shares · Kamal HADDAD (non-executive director) and Willett Consulting Limited (independent director and chair of the board) · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SettleMint Leuven | €9.7m | -€0.4m | 91.8% | 6 |
| Vaultspeed Leuven | €6.7m | -€1.7m | 41.6% | 5.1 |
| ARTONE Uccle | €12.0m | -€0.03m | 20.9% | 4.4 |
| NEW VISION Edegem | €6.3m | -€0.2m | 86.5% | 5.2 |
| In4Care Community Grimbergen | €16.7m | -€0.3m | 98.2% | 4 |
| LVO INDUSTRIES Woluwe-Saint-Pierre | €15.7m | -€0.1m | 30.7% | 2.1 |
| CRAYER PARTICIPATIONS Ixelles | €22.2m | -€0.2m | 67.5% | 3 |
These companies have the same main activity as SettleMint: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €6.3m and €22m, founded between 2007 and 2018.
Official details
Source: KBO- Status
- Active since 24-08-2016Normal situation
- Registered office
- 138 active companies are registered at this address6 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.259.254.3183000 Leuven, since 24-08-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- -€362,525▲ 83.9%
- €2.2m▼ 48.8%
- €8.9m▲ 59.8%
- €9.7m▲ 33.3%
- Employeeson 31-12-2025
- 6▼ 14.3%
- Filing
- Filed on 31-08-2026
Insights on SettleMint
SettleMint has existed since 2016. In 2020 the gross margin rose from €140,131 to €746,066 and staff from 6.3 to 10.4 full-time equivalents.
Solvency rose in 2025 from 76.6% to 91.8% because of a capital increase and lower debts.
In June 2025, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
full format, filed on 31-08-2026, 31 days late-€362,525
▲ €1.9m
-€2.3m
▲ €2.2m
-€2.2m
▲ €2.1m
€6.4m
▲ 78.0%
91.8%
▲ 15.3 percentage points
11.38
▲ 5.86
Turnover: not included in this filing.
Balance sheet
balance sheet total €9.7m on 31-12-2025What the company ownsHow it is paid for
in €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.
SettleMint
Middle half of the sector
80% of the sector
Full accounts in head offices and management consultancy (NACE 70)
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
people who joined
people who left
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.
Large changes and their cause
- 2021 Net result -157% on 2020. The previous financial year ran 17 months, this one 12.
Board & ownership
Board
6 directors, last change in 2025Director
appointed by deed of 17-06-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 31-08-2026
Non-executive director
appointed by deed of 16-10-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 31-08-2026
Independent director and chair of the board
appointed by deed of 16-10-2025
listed in the 2025 annual accounts, filed on 31-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Indien de Raad van Bestuur een Gedelegeerd Bestuurder heeft aangesteld die optreedt als CEO, zal deze Gedelegeerd Bestuurder/CEO ook worden…”deed of 16-10-2025
Mandates through the years
16 names, the dashed line is todayMVN INC BV
Director
Director
POPAT Adam
Director
Director
Kamal HADDAD
Non-executive director
Non-executive director
Willett Consulting Limited
Independent director and chair of the board
Independent director and chair of the board
DANESI Franco
Director
Director
PALUCKI KRZYSZTOF Robert
Director
Director
BROUHARD Alain
Director
Director
HEJKA Marcin
Director
Director
Matthew Fulton Mosman
Director
Director
RDRK
Director
Director
JAYAKUMAR Vinoth
Director
Director
SÖHNGEN Johannes
Co-opted director
Co-opted director
Joel Weight
Director
Director
Sjoerd Spanjer
Director
Director
Huntington Stanton
Co-opted director
Co-opted director
Jonathan Edwin Johnson III
Director
Director
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
- MVN INC BV
- Director, from 02-02-2017 to date
- POPAT Adam
- Director, since before 31-12-2024
- Kamal HADDAD
- Non-executive director, appointed by deed of 16-10-2025, still in office
- Willett Consulting Limited
- Independent director and chair of the board, appointed by deed of 16-10-2025, still in office
- DANESI Franco
- Director, since before 31-12-2025
- PALUCKI KRZYSZTOF Robert
- Director, since before 31-12-2025
- BROUHARD Alain
- Director, appointed by deed of 04-10-2021, until 17-06-2025
- HEJKA Marcin
- Director, from before 31-12-2024, no longer listed in the 2025 annual accounts
- Matthew Fulton Mosman
- Director, appointed by deed of 04-10-2021, until 17-06-2025
- RDRK
- Director, until 17-06-2025
- JAYAKUMAR Vinoth
- Director, appointed by deed of 28-10-2022, no longer listed in the 2025 annual accounts
- SÖHNGEN Johannes
- Co-opted director, appointed by deed of 27-08-2021, until 28-10-2022
- Joel Weight
- Director, appointed by deed of 16-03-2020, until 13-02-2020
- Director, until 27-08-2021
- Sjoerd Spanjer
- Director, appointed by deed of 08-01-2020, until 24-02-2020
- Director, until 27-08-2021
- Huntington Stanton
- Co-opted director, appointed by deed of 27-08-2021, until 23-04-2021
- Jonathan Edwin Johnson III
- Director, until 24-12-2019
Control
share not stated
This company
SettleMint
Equity €8.9m
Loss €2.2m in 2025
Capital
- Capital
- €277,006.34
- Shares
- 3,470,571
- Contribution per share
- €0.08
- Equity per share
- €2.57 in 2025
- Source
- deed of 22-01-2026
Articles of association
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 17-10-2024 (in Dutch)
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At most 7 directorsdeed of 16-10-2025 (in Dutch)
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Tuesday of June at 16:00deed of 17-10-2024 (in Dutch)
Capital transactions
Shareholders according to the deeds
After the capital increase
deed of 22-01-2026 ↗
- NEWTEK SYSTEMS FZ-LLC (BE 1027.211.489) 346,154 shares · €900,000.40
Stated in the deed
deed of 22-01-2026 ↗
- NEWTEK SYSTEMS FZ-LLC (BE 1027.211.489) 346,154 shares
Capital over time
- 22-01-2026 Capital increase of €27,623.09 · to €277,006.34 · 346,154 new shares, 10% of the 3,470,571 shares after the increase · in cash
- 16-10-2025 Capital increase of €1,131.96 · to €218,690.90 · 14,185 new shares · in kind
- 16-10-2025 Capital increase of €30,692.36 · to €249,383.25 · 384,616 new shares · in cash
- 13-08-2025 Capital increase of €67,486.94 · to €217,558.93 · 845,701 new shares · in cash
- 17-06-2025 Capital increase of €17,270.79 · to €136,650.43 · 216,426 new shares · in kind
- 17-06-2025 Capital increase of €13,421.56 · to €150,071.99 · 168,190 new shares · in cash
- 05-12-2024 Capital increase of €1,285.82 · to €119,379.61 · 14,934 new shares · in cash
- 05-12-2024 Capital increase of €0.03 · to €119,379.64 · 108,762 new shares · in cash
Show 8 older capital entries
- 17-10-2024 Capital increase of €3,396.39 · to €118,093.79 · 39,447 new shares · in cash
- 27-12-2022 Capital increase of €9,704.16 · to €114,697.40 · 112,708 new shares · in cash
- 28-10-2022 Capital increase of €27,899.33 · 324,034 new shares
- 28-10-2022 Capital increase of €746.75 · to €75,037.85 · 8,673 new shares · in kind
- 28-10-2022 Capital increase of €1,964.29 · to €77,002.13 · 22,814 new shares · in kind
- 28-10-2022 Capital increase of €91.78 · to €77,093.92 · 1,066 new shares · in kind
- 08-01-2020 Capital increase of €3,224.45 · to €64,724.45 · 37,450 new shares · in kind
- 08-01-2020 Capital increase of €9,566.66 · to €74,291.10 · 111,111 new shares · in cash
Network & group
Holdings
own 2025 accountsThis companySettleMint3 holdings, 3 countries
2025 accounts
Asia and Oceania 3 Equity Result
- AE Settlemint Dubai AED 593,813 result -AED 87,370
- JP Settlemint Japan -JPY 27.4m result -JPY 47.4m
- SG Settlemint Pte Ltd Singapore -SGD 743,359 result -SGD 93,507
Source: list of holdings in its own 2025 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2023, in their own currency.
The LEI register names no parent.
At the same address
Philipssite 5, 3001 Leuven · 137 other companies| ACCENTURE
establishment since 01-12-2017 · founded in 1989 |
1,081 FTE (2025) 0438.675.669 |
| Secrétariat Social Securex - Sociaal Sekretariaat Securex - Sozial Sekretariate für Arbeitgeber Securex
establishment since 01-01-1953 · founded in 1945 |
441 FTE (2025) 0401.086.981 |
| TE Connectivity Belgium
establishment since 01-06-2015 · founded in 1999 |
684 FTE (2025) 0465.547.738 |
| StepUp RGM
registered office since 26-08-2010 · founded in 2010 |
18 FTE (2025) 0828.755.429 |
| Rev-Up
registered office since 11-02-2019 · founded in 2019 |
total assets €142.4m (2025) 0720.535.004 |
| CAPITALATWORK
establishment since 01-07-2024 · founded in 1990 |
total assets €102.5m (2024) 0441.148.080 |
| Next Level
registered office since 23-08-2023 · founded in 2023 |
total assets €85.7m (2025) 0805.045.461 |
| EIT FOOD
registered office since 20-04-2017 · founded in 2017 · accounts filed late |
91 FTE (2024) 0672.423.992 |
| Groep Securex - Groupe Securex
establishment since 01-01-2014 · founded in 1979 |
366 FTE (2025) 0419.678.319 |
| SERVICE EXTERNE DE PREVENTION ET DE PROTECTION SECUREX-EXTERNE DIENST VOOR PREVENTIE EN BESCHERMING SECUREX
establishment since 15-07-1965 · founded in 1965 |
267 FTE (2025) 0410.664.940 |
Holdings and subsidiaries
3 holdingsHoldings 3
Share, source and own figures per holding (3)
Source for every holding own accounts 2025
- Settlemint DubaiAEsubsidiaryEquity AED 593,813Result -AED 87,370100%
- Settlemint JapanJPsubsidiaryEquity -JPY 27.4mResult -JPY 47.4m100%
- Settlemint Pte Ltd SingaporeSGsubsidiaryEquity -SGD 743,359Result -SGD 93,507100%
Connections & network
6 current directorsThe network starts from the directors of SettleMint. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
33 events since 2016Board
Capital
Filings
Financial
Establishments
Address
201620182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBfull format · 31 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0661674810
Capital increase of €27,623.09 to €277,006.34Capital from €249,383.25 to €277,006.34, 346,154 new shares · NEWTEK SYSTEMS FZ-LLC holds 346,154 shares · General meeting of 08-10-20254 points ▸
- General meeting, 08-10-2025
- Capital increase, €27,623.09
- NEWTEK SYSTEMS FZ-LLC holds 346,154 shares
- Capital, €277,006.34, 3,470,571 shares
- The deed holds 1 more point.
2025
Liquidity more than doubled current ratio 11.38 The current ratio rises from 5.52 to 11.38. Short-term debt falls from €793,385 to €614,668.
Registered office moved within LeuvenNew registered office: Philipssite 5 bus 1, 3001 Leuven, België · Previous registered office: Arnould Nobelstraat 30, 3000 Leuven, België · Board meeting of 28-09-20252 points ▸
- Board meeting, 28-09-2025
- Registered-office move, Philipssite 5 bus 1, 3001 Leuven, België
2 directors appointedCapital from €217,558.93 to €218,690.90, 14,185 new shares · Capital from €218,690.90 to €249,383.25, 384,616 new shares · Kamal HADDAD (non-executive director) and Willett Consulting Limited (independent director and chair of the board)6 points ▸
- Capital increase, €1,131.96
- Auditor report, 29-09-2025
- Capital increase, €30,692.36
- Director appointment, Kamal HADDAD (non-executive director)
- Director appointment, Willett Consulting Limited (independent director and chair of the board)
- Permanent representative, WILLETT Gilbert
- The deed holds 10 more points.
Capital increase of €67,486.94 to €217,558.93Capital from €150,071.99 to €217,558.93, 845,701 new shares1 point ▸
- Capital increase, €67,486.94
- The deed holds 1 more point.
Annual accounts 2024 filed PDFabbreviated format · 13 days late
2 directors appointed, 3 resignationsCapital from €119,379.64 to €136,650.43, 216,426 new shares · Capital from €136,650.43 to €150,071.99, 168,190 new shares · Resignations: MOSMAN Matthew, RDRK and BROUHARD Alain · General meeting of 10-06-202515 points ▸
- General meeting, 10-06-2025
- Capital increase, €17,270.79
- Auditor report, 10-06-2025, mentioned twice in the deed
- Capital increase, €13,421.56
- Director resignation, MOSMAN Matthew
- Director resignation, RDRK
- Director resignation, BROUHARD Alain
- Permanent representative, VAN DER VEER Roderik
- Director appointment, HEJKA Marcin
- Director appointment, POPAT Adam
- Board composition, MVN INC (director)
- Permanent representative, VAN NIEKERK Matthew
- Board composition, JAYAKUMAR Vinoth (director)
- Board composition, POPAT Adam (director)
- Board composition, HEJKA Marcin (director)
- The deed holds 15 more points.
2024
Capital increaseCapital from €118,093.79 to €119,379.61, 14,934 new shares · Capital from €119,379.61 to €119,379.64, 108,762 new shares2 points ▸
- Capital increase, €1,285.82
- Capital increase, €0.03
- The deed holds 3 more points.
Capital increase of €3,396.39 to €118,093.79Capital from €114,697.40 to €118,093.79, 39,447 new shares · Name clause: SettleMint4 points ▸
- Capital increase, €3,396.39
- Name clause, SettleMint
- Registered office clause, Arnould Nobelstraat 30, 3000 Leuven
- Capital, €118,093.79
- The deed holds 7 more points.
Annual accounts 2023 filed PDFabbreviated format · 20 days late
2023
Weakest financial year net -€5.5m The net result drops to -€5.5m, the lowest from 2018 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFabbreviated format · 50 days late
2022
Liquidity more than quadruples current ratio 5.08 The current ratio rises from 1.15 to 5.08.
Equity above €10m equity €13.9m ▲3,349% Equity rises from €401,536 to €13.9m.
Registered office moved within LeuvenCapital increase of €9,704.16 to €114,697.40 · Capital from €104,993.24 to €114,697.40, 112,708 new shares · New registered office: Arnould Nobelstraat 30, 3000 Leuven · Board meeting of 19-10-20223 points ▸
- Capital increase, €9,704.16
- Board meeting, 19-10-2022
- Registered-office move, Arnould Nobelstraat 30, 3000 Leuven
- The deed holds 1 more point.
Resignation: SÖHNGEN Johannes (director)Capital from €77,093.92 to €104,993.24, 324,034 new shares · Capital from €74,291.10 to €75,037.85, 8,673 new shares · Capital from €75,037.85 to €77,002.13, 22,814 new shares6 points ▸
- Capital increase, €27,899.33
- Director resignation, SÖHNGEN Johannes
- Director appointment, JAYAKUMAR Vinoth
- Capital increase, €746.75
- Capital increase, €1,964.29
- Capital increase, €91.78
- The deed holds 19 more points.
Annual accounts 2021 filed PDFabbreviated format · 44 days before the deadline
2021
2 directors appointed, 1 resignationResignation: Huntington Stanton · Appointments: Alain Brouhard and Matthew Fulton Mosman · General meeting of 20-05-20214 points ▸
- General meeting, 20-05-2021
- Director resignation, Huntington Stanton
- Director appointment, Alain Brouhard
- Director appointment, Matthew Fulton Mosman
2 directors appointed, 2 resignationsResignations: Joel Weight and Sjoerd Spanjer · Appointments: Stanton Huntington (co-opted director) and Johannes Söhngen (co-opted director) · General meeting of 17-06-20215 points ▸
- General meeting, 17-06-2021
- Director resignation, Joel Weight
- Director resignation, Sjoerd Spanjer
- Director appointment, Stanton Huntington (co-opted director)
- Director appointment, Johannes Söhngen (co-opted director)
- The deed holds 1 more point.
Annual accounts 2020 filed PDFabbreviated format · 25 days before the deadline
2020
Equity above €2m equity €2.1m ▲113% Equity rises from €997,942 to €2.1m.
2 directors appointed, 2 resignationsResignations: Joel Weight and Sjoerd Spanjer · Appointments: Stanton Huntington and Johannes Söhngen · Board meeting of 27-02-20205 points ▸
- Board meeting, 27-02-2020
- Director resignation, Joel Weight
- Director appointment, Stanton Huntington
- Director resignation, Sjoerd Spanjer
- Director appointment, Johannes Söhngen
Registered office moved from Kortenberg to LeuvenNew registered office: Armoud Nobelstraat 38, 3000 Leuven · Previous registered office: Diestbrugstraat 165 B, 3071 Kortenberg · Resignation: Jonathan Edwin Johnson III (director) · General meeting of 24-12-20195 points ▸
- General meeting, 24-12-2019
- Director resignation, Jonathan Edwin Johnson III
- Director appointment, Joel Weight
- Board meeting, 24-12-2019
- Registered-office move, Armoud Nobelstraat 38, 3000 Leuven
Annual accounts 2019 filed PDFabbreviated format · 12 days before the deadline
Appointment: Sjoerd SPANJER (director)Capital from €61,500 to €64,724.45, 37,450 new shares · Capital from €64,724.45 to €74,291.10, 111,111 new shares3 points ▸
- Capital increase, €3,224.45
- Capital increase, €9,566.66
- Director appointment, Sjoerd SPANJER
- The deed holds 10 more points.
2019
Liquidity more than 12 times current ratio 3.87 The current ratio rises from 0.30 to 3.87.
Equity above €500,000 equity €997,942 Equity rises from -€144,157 to €997,942.
Power of attorney: Charles-Emmanuel de Brouchoven de BergeyckBoard meeting of 26-03-20192 points ▸
- Board meeting, 26-03-2019
- Power of attorney, Charles-Emmanuel de Brouchoven de Bergeyck (special proxy holder)
- The deed holds 1 more point.
Annual accounts 2018 filed PDFabbreviated format · on the deadline day
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
SettleMint was incorporated on 24 August 2016.1 The registered office was moved to Leuven in 2020.2 Between 2020 and 2026 the capital was increased 9 times, most recently to €277,006.345 The board currently has 6 members.6 Total assets rose from €3.4m in 2019 to €9.7m in 2025 and headcount from 6.3 to 6 full-time equivalents.7
Company details
Identity
- Enterprise number
- 0661.674.810
- VAT number
- BE 0661.674.810
- Peppol ID
- 0208:0661674810
- LEI code
- 699400PA640N4TOKFE66 live in the LEI register
- Legal form
- Public limited company
- Status
- Active, normal situation
- Founded
- 24-08-2016
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Tuesday of June at 16:00deed of 17-10-2024 (in Dutch)
- Peppol
- Reachable since 27-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- SettleMint in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 17-10-2024 (in Dutch)
Activities
NACEBEL 2025VAT activities
70200
Business and other management consultancy main activity
Social security (RSZ) activities
62100
Computer programming main activity
Joint committees annual accounts 2025
JC 200
Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
70220
Business consulting main activity
Social security (RSZ) activities
62010
Computer programming, consultancy and related activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “1.Het voeren van alle activiteiten die verband houden met het verlenen van advies,productie en ontwikkeling met betrekking tot financiele…”deed of 17-10-2024 (in Dutch)
12 activities
- 1.Het voeren van alle activiteiten die verband houden met het verlenen van advies,productie en ontwikkeling met betrekking tot financiele dienstverlening en oplossingen.Zowel voor eigen rekening als voor derden.
- 2.Het voeren van alle activiteiten die verband houden met het verlenen van advies,productie en ontwikkeling met betrekking tot IT-dienstverlening en oplossingen.Zowel voor eigen rekening als voor derden.
- 3.Het bij wijze van inschrijvingen,inbreng,fusie,samenwerking,financiele tussenkomst of anderszins verwerven van een belang of deelneming in alle bestaande of nog op te richten vennootschappen zonder onderscheid,in Belgie,of in het buitenland.
- 4.Het beheren,valoriseren of te gelden maken van deze participaties of belangen en in het algemeen het stellen van alle handelingen of daden die nodig of nuttig zijn voor het beheer van dit roerend patrimonium van de vennootschap.De vennootschap kan ondermeer rechtstreeks of onrechtstreeks deelnemen aan het bestuur,de directie,de controle en de vereffening van de vennootschap waarin zij een belang of deelneming heeft.
- 5.Het verlenen van diensten en het adviseren op het vlak van management,bedrijfsbeheer,administratie,(dagelijks) beheer en beleid op alle mogelijke vlakken aan derden,natuurlijke en/of rechtspersonen,en dit in de ruimste zin van het woord en welke ook de activiteit weze van voornoemde personen.
- 6.Het toestaan van leningen,kredietopeningen en voorschotten,onder gelijk welke vorm of benaming.
- 7.Het op om het even welke wijze verwerven van intellectuele rechten,patenten,tekeningen,modellen en merken,deze exploiteren,valoriseren,in waarde stellen en te gelde maken.
- 8.Het aankopen,ruilen of anderszins verwerven,het verkopen,huren,verhuren,verkavelen,doen bouwen,doen verbouwen,doen bebouwen van alle al dan niet bebouwde onroerende goederen in Belgie en in het buitenland,alsmede het verrichten van alle handelingen die nodig,nuttig of dienstig zijn voor het beheren en uitbaten van dit onroerend patrimonium van de vennootschap.
- 9.Daartoe kan de vennootschap samenwerken met,deelnemen in,of op gelijk welke wijze,rechtstreeks of onrechtstreeks,belangen nemen in andere ondernemingen.
- 10.De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
- 11.De vennootschap kan eveneens optreden als bestuurder,volmacht drager,mandataris of vereffenaar in andere vennootschappen of ondernemingen.
- 12.De vennootschap kan in het algemeen alle commerciele,industriele,financiele,roerende of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of welke van aard zouden zijn de verwezenlijking ervan geheel of ten dele te vergemakkelijken.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Philipssite 5 registered office 3001 Leuven | ||
| Arnould Nobelstraat 30 3000 Leuven 62100 Computer programming | 24-08-2016 | 2.259.254.318 |
2 former offices
- Arnould Nobelstraat 30, 3000 Leuven until 28-09-2025 · deed of 05-11-2025
- Diestbrugstraat 165 B, 3071 Kortenberg until 24-12-2019 · deed of 16-03-2020
Buildings and parcels at the addresses
- Ground area
- 1.7 ha
- Buildings
- 3,456 m²
- Volume, LiDAR
- 79,783 m³
- Tallest building
- 32.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24502B0312/00M008 | 1.1 ha | 1 · 1,429 m² | 27.6 m · 8 |
| 24433E0025/00C002 | 6,606 m² | 1 · 2,027 m² | 32.0 m · 9 |