ACTIVE

SettleMint

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Financial year 2025 · closed on 31/12/2025
Net result
-2,2 M €
+48.8% YoY
Gross margin
-362,5 k €
+83.9% YoY
Equity
8,9 M €
+59.8% YoY
Workforce
6,0 ETP
-17.8% YoY

What does SettleMint do?

SettleMint is a Public limited company incorporated in 2016. Its main activity is: Computer programming activities. Its registered office is in Leuven. It employs on average 6,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0661.674.810
Incorporation
24/08/2016
Legal form
Public limited company
Registered office
Philipssite 5 box 1
3001 Leuven · FlandreSee on map
Contributed capital
26 099 100,38 €
Latest accounts
31/12/2025
Average workforce
6,0 ETP
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities70200Management consultancy activities70220Business and other management consultancy activities
Joint committees (3)
  • 200
  • 2000
  • 20000
Signals
Solid equityLow riskGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212018
Income statement
Gross margin-362,5 k €-2,3 M €-2,8 M €-589,7 k €-725,9 k €-106,3 k €
EBITDA-1,2 M €-3,5 M €-4,7 M €-1,9 M €-1,8 M €-352,3 k €
Operating result-2,3 M €-4,5 M €-5,6 M €-2,6 M €-2,3 M €-441,6 k €
Net result-2,2 M €-4,2 M €-5,5 M €-2,3 M €-1,5 M €-450,6 k €
Balance sheet
Equity8,9 M €5,6 M €8,1 M €13,9 M €401,5 k €-144,2 k €
Total assets9,7 M €7,3 M €9,4 M €16,8 M €3,6 M €524 k €
Cash1,7 M €1,1 M €3,4 M €12 M €25,8 k €33,5 k €
Debts614,7 k €1,3 M €789 k €2,8 M €3,2 M €658,5 k €
Other
Workforce6,0 ETP7,3 ETP9,6 ETP10,6 ETP13,2 ETP8,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 21 ended

Active mandates

Adam POPAT

Director

Active
Franco DANESI

Director

Active
Kamal HADDAD

Director

Active
MVN INC

Director · 0661.673.523

Represented by Matthew VAN NIEKERK

Active
Robert PALUCKI KRZYSZTOF

Director

Active
Willett Consulting Limited

Director · 1028.906.714

Represented by Gilbert WILLETT

Active

Ended mandates

Vinoth Jayakumar

Director · since 22 septembre 2022 · until 22 septembre 2028

Ended
MVN INC

Director · since 16 juin 2022 · until 06 juin 2028 · 0661.673.523

Represented by Matthew VAN NIEKERK

Ended
RDRK

Director · since 16 juin 2022 · until 06 juin 2028 · 0538.732.159

Represented by Roderik VAN DER VEER

Ended
Matthew Fulton Mosman

Director · since 23 avril 2021 · until 23 avril 2027

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/08/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months17 months
Filing date31/08/202613/08/202520/08/202419/09/202317/06/202206/07/2021
General meeting30/06/202630/06/202515/07/202431/07/202316/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202631/08/2026DutchPDF
Abridged model31/12/202430/06/202513/08/2025DutchPDF
Abridged model31/12/202315/07/202420/08/2024DutchPDF
Abridged model31/12/202231/07/202319/09/2023DutchPDF
Abridged model31/12/202116/06/202217/06/2022DutchPDF
Abridged model31/12/202030/06/202106/07/2021DutchPDF
Abridged model31/07/201917/01/202017/02/2020DutchPDF
Abridged model31/07/201818/01/201928/02/2019DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 21 ended

Active mandates

Adam POPAT

Director

Active
Franco DANESI

Director

Active
Kamal HADDAD

Director

Active
MVN INC

Director · 0661.673.523

Represented by Matthew VAN NIEKERK

Active
Robert PALUCKI KRZYSZTOF

Director

Active
Willett Consulting Limited

Director · 1028.906.714

Represented by Gilbert WILLETT

Active

Ended mandates

Vinoth Jayakumar

Director · since 22 septembre 2022 · until 22 septembre 2028

Ended
MVN INC

Director · since 16 juin 2022 · until 06 juin 2028 · 0661.673.523

Represented by Matthew VAN NIEKERK

Ended
RDRK

Director · since 16 juin 2022 · until 06 juin 2028 · 0538.732.159

Represented by Roderik VAN DER VEER

Ended
Matthew Fulton Mosman

Director · since 23 avril 2021 · until 23 avril 2027

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares22/01/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Registered office05/11/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates16/10/2025
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares13/08/2025
    KAPITAAL - AANDELEN
    PDF
  • Mandates17/06/2025
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares05/12/2024
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares17/10/2024
    DIVERSEN - KAPITAAL - AANDELEN
    PDF
  • Registered office27/12/2022
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-2,2 M €↑
  2. 2024
    Annual accounts 2024-4,2 M €↑
  3. 2023
    Annual accounts 2023-5,5 M €↓
  4. 2022
    Annual accounts 2022-2,3 M €↓
  5. 2021
    Annual accounts 2021-1,5 M €↓
  6. 2018
    Annual accounts 2018-450,6 k €
  7. 24/08/2016
    IncorporationPublic limited company