Equity
-€308,747
Debts exceed assets in financial year 2025.
Minelli
Lifetime
5 annual accounts with figures on one time axispeak €978,783 (2025)
€978,783▲ 17.7%
lowest -€412,185 (2021)
€3,880▼ 92.9%
peak -€235,637 (2022)
-€308,747▲ €3,880
€5.1m▼ 1.8%
Board3 names since 2020
2 directors and 1 other
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Gross margin from €831,324 to €978,783Result from €54,780 to €3,880Cash from €89,754 to €118,971
Key points
from the 2025 annual accountsResult
€3,880 ▼ 92.9%
The result fell in 2025 from €54,780 to €3,880.
Debts
€5.1m 106% of the balance sheet
Financial debts 69%Suppliers 4%Taxes and wages 1%Other 26%
Of this, €1.6m falls due within a year.
Staff
8 employees on 31-12-2025
In 2025, 17 people joined and 14 left.
Filings
5 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€308,747
Less equity than 95% of companies in accommodation. Sector median €58,059 · 1,845 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 906 companies had the same profile as Minelli has now. Each dot stands for 3 companies, two years later.
89.4%
were still trading
4.1%
stopped another way
6.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 906 companies, not a prediction for Minelli. 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
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Signals
Board and ownership
Director
Director
- founderdeed of 18-05-2020
- founderdeed of 18-05-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0746919497
Environmental permit refused
Functiewijziging zonder verbouwingswerken · Brugge
Environmental permit granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging, Verbouwen en/of uitbreiden met functiewijziging, maar zonder wijziging van het aantal woongelegenheden · Provincie West-Vlaanderen
Capital increase of €500,000 to €570,000
Capital from €70,000 to €570,000, 714 new shares · General meeting of 08-08-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Minelli Bruges | €4.8m | €978,783 | -6.5% | - |
| PORTAFORTUNA Zwalm | €4.6m | €601,900 | 9.6% | - |
| Boss-Invest Bruges | €3.7m | €493,700 | 13.4% | - |
| SCHABERG Tongeren-Borgloon | €1.7m | €633,068 | 2.0% | - |
| BEILA Bilzen-Hoeselt | €2.3m | €347,293 | 0.9% | 18 |
| DON JON Blankenberge | €1.4m | €516,747 | -0.1% | - |
| Immo Scriptor Tielt | €3.8m | €307,606 | 43.8% | - |
These companies have the same main activity as Minelli: guest rooms (bed and breakfast) (NACE 55204). They are comparable in size and age: total assets between €1.4m and €4.6m, founded between 2011 and 2022.
Official details
Source: KBO- Status
- Active since 14-05-2020Normal situation
- Activity
- Guest rooms (bed and breakfast)NACE 55204and 9 others
- Joint committee
- 302Hotels and catering · annual accounts 2023
- Establishment unit
- 2.302.213.3418000 Bruges, since 14-05-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Annual accounts 2025
- ≈ €1.7mestimated
- €4.8m▼ 1.9%
- Employeeson 31-12-2025
- 8▲ 60.0%
- Filing
- Filed on 30-09-2026
Insights on Minelli
Minelli files the micro format. That format states no turnover. The gross margin rose from -€167,669 in 2021 to €978,783 in 2025.
The balance sheet grew most from 2022 to 2023 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Minelli
- What is the company number of Minelli?
- The company number of Minelli is 0746.919.497. The VAT number is the same number with BE in front: BE 0746.919.497.
- Where is Minelli based?
- The registered office is at Moerstraat 54, 8000 Bruges.Company details
- What does Minelli do?
- According to the KBO register, the main activity is guest rooms (bed and breakfast) (NACE 55204).
- What is the legal form of Minelli?
- Minelli is a private limited company (BV).
- When was Minelli founded?
- Minelli was founded on 14-05-2020.
- Is Minelli still active?
- Yes, Minelli is an active enterprise in the KBO register.
- How many employees does Minelli have?
- Minelli had an average of 7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Minelli fall under?
- In its 2023 annual accounts, Minelli states joint committee 302 (Hotels and catering).
- What is the turnover of Minelli?
- The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €978,783 and 34 comparable companies (NACE 55). It probably lies between €1.4m and €2.2m.
- Is Minelli profitable?
- In financial year 2025, Minelli made a profit of €3,880.
- Where can I find the annual accounts of Minelli?
- Minelli filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Minelli due?
- Minelli must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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