Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 9.6 to 6.
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Busy address KBO
86 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SettleMint from Leuven, company number BE0661674810, closed financial year 2025 with a result of € -2.2 million after tax. For that financial year SettleMint recorded a gross margin of € -362,525 and equity of € 8.9 million. Compared with financial year 2024, the result moved from € -4.2 million to € -2.2 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 8.9 million
▲ 60% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.2 million
▲ 49 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1.7 million
▲ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -17.2 million.
People and assets in 2025
6
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 819,235
▼ 31% vs 2024
€ 136,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 513,031
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 80,948
▼ 5% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -589,727 | € -2,833,623 | € -2,251,585 | € -362,525 | ▲ € 1.9 million |
| Profit after taxes | € -2,310,200 | € -5,496,225 | € -4,246,794 | € -2,173,099 | ▲ € 2.1 million |
| Equity | € 13,850,060 | € 8,067,534 | € 5,583,783 | € 8,925,273 | ▲ 60% |
| Total debts | € 2,944,220 | € 1,328,273 | € 1,708,305 | € 794,436 | ▼ 53% |
| Cash | € 11,963,713 | € 3,397,981 | € 1,116,908 | € 1,657,508 | ▲ 48% |
| Retained profit | € -5,257,711 | € -10,753,936 | € -15,000,729 | € -17,173,828 | ▼ € 2.2 million |
| Bank debt | € 2,000,000 | € 0 | € 481,278 | € 0 | ▼ 100% |
| Balance sheet total | € 16,794,279 | € 9,395,807 | € 7,292,088 | € 9,719,709 | ▲ 33% |
| Employees (FTE) | 10.6 | 9.6 | 7.3 | 6 | ▼ 1.3 |
Key figures of SettleMint, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SettleMint?
What happened at SettleMint in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2.2 million. filed late Source: NBB ↗
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.3 million loss in 2022 to € 2.2 million loss in 2025.
Management
Behind SettleMint are Willett Consulting Limited, Adam POPAT, MVN INC BV, Franco DANESI, Robert PALUCKI KRZYSZTOF and Kamal HADDAD. It owns 100% of Settlemint Japan, 100% of Settlemint Pte Ltd Singapore and 100% of Settlemint Dubai itself.
Directors
According to the 2025 annual accounts
Director · represented by Gilbert WILLETT
Adam POPAT
Director
Director · represented by Matthew VAN NIEKERK
Franco DANESI
Director
Robert PALUCKI KRZYSZTOF
Director
Kamal HADDAD
Director
Establishments
Establishment units
Physical locations of this company
Philipssite 5 box 1
3001 Leuven
Arnould Nobelstraat 30
3000 Leuven
Active since 24 August 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 86 companies are registered at this address.
All companies at this address →Norgine
€ 19.1 million revenue · 2024
DRAKA BELGIUM
€ 3.4 million revenue · 2025
LOFMA
€ 1.8 million gross margin · 2025
G.I.M. - GEOGRAPHIC INFORMATION MANAGEMENT
€ 7.1 million revenue · 2025
ADVOCATENASSOCIATIE NELISSEN GRADE
€ 477,864 gross margin · 2025
+81 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0661.674.810
- VAT number
- BE 0661.674.810
- Registered office
- Philipssite 5 bus 1, 3001 Leuven
- Names & denominations
- SettleMint
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 August 2016
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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