Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DE MEDICI from Brugge, company number BE0431953173, closed financial year 2025 with a result of € -150,531 after tax. For that financial year DE MEDICI recorded a gross margin of € 1.8 million and equity of € 5.6 million. Compared with financial year 2024, the result moved from € 256,123 to € -150,531. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 5.6 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -150,531
▼ still € 256,123 profit in 2024
Profit after tax over the fiscal year.
€ 246,446
▼ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8.3 million.
People and assets in 2025
24.5
▲ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▲ 30% vs 2024
€ 64,400 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.
€ 351,553
▼ 10% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 185,340
▼ 56% vs 2024
€ 150,289 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 254,591
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 253,783
▲ 39% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 3,312,494 | - | |
| Gross margin | € 1,279,277 | € 1,749,388 | € 1,867,016 | € 1,801,988 | ▼ 3% |
| Profit after taxes | € 9,016 | € 512,524 | € 256,123 | € -150,531 | ▼ € 406,654 |
| Equity | € 4,951,829 | € 5,464,353 | € 5,720,476 | € 5,569,946 | ▼ 3% |
| Total debts | € 1,686,024 | € 1,505,303 | € 966,579 | € 738,520 | ▼ 24% |
| Cash | € 641,261 | € 1,320,935 | € 1,331,211 | € 246,446 | ▼ 81% |
| Land & buildings | € 5,221,790 | € 4,908,273 | € 4,647,864 | € 4,396,736 | ▼ 5% |
| Retained profit | € -8,869,151 | € -8,356,627 | € -8,100,504 | € -8,251,035 | ▼ € 150,531 |
| Bank debt | € 1,128,341 | € 913,333 | € 422,765 | € 185,340 | ▼ 56% |
| Balance sheet total | € 6,637,853 | € 6,969,656 | € 6,687,055 | € 6,308,465 | ▼ 6% |
| Employees (FTE) | 19.3 | 22 | 23 | 24.5 | ▲ 1.5 |
Key figures of DE MEDICI, 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 DE MEDICI?
What happened at DE MEDICI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 150,531 (▼ € 406,654 vs 2024). Source: NBB ↗
- Vabeldo BV became a director. NBB
- Vabelda BV became a director. NBB
- Vabeldi BV became a director. NBB
- Sidiqi Alia stepped down as director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,016 profit in 2022 to € 150,531 loss in 2025.
Best year ever: 2023, with € 512,524 profit.
On average € 73,600 of value added per employee in 2025.
Management
Behind DE MEDICI are Vabeldo BV, Vabelda BV and Vabeldi BV. The same people are also behind RESIDENTIE SINT-JORISHOF, Finlandia, SPIEGELREI, Kerant and D.D.D.-INVEST. Vabeldi BV is also behind FINERO and PROJESTEC.
Directors
According to the 2025 annual accounts
Director · represented by Dorine Kerckhof
Also active at: RESIDENTIE SINT-JORISHOF, Finlandia, SPIEGELREI, Kerant, D.D.D.-INVEST, EURO SHOPPING, PARKING GENT, Ring Multi
since 2025
Director · represented by Danny Kerckhof
Also active at: RESIDENTIE SINT-JORISHOF, Finlandia, SPIEGELREI, Kerant, D.D.D.-INVEST, EURO SHOPPING, PARKING GENT, Ring Multi
since 2025
Managing director · represented by Didier Kerckhof
Also active at: RESIDENTIE SINT-JORISHOF, Finlandia, SPIEGELREI, Kerant, FINERO, D.D.D.-INVEST, EURO SHOPPING, PROJESTEC +2 more
since 2025
Sidiqi Alia
Managing director
· until 2025
Establishments
Establishment units
Physical locations of this company
Potterierei 15
8000 Brugge
Potterierei 17 1
8000 Brugge
Active since 14 April 1988
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.953.173
- VAT number
- BE 0431.953.173
- Registered office
- Potterierei 15, 8000 Brugge
- Names & denominations
- DE MEDICI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 September 1987
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Hotels en dergelijke accommodatie
Hotels en motels, met restaurant
Hotels en motels, zonder restaurant