Founders, inventors, owners and managers
The legal incorporation deed, the company’s narrative history and its current team page overlap, but they are not the same list. Keeping those roles separate prevents identity and control mistakes.
Both can be true: a contributor need not be a shareholder. But only the Registry Agency deed establishes who legally founded and owned the company.
Incorporation deed · 2 October 2019
First manager: Nikolay Mitkov Mitkov
Registry factCompany history page
Gabriela Minkova and Nikolay Petrov Minkov do not appear as shareholders in the incorporation deed.
Company narrativeThe strongest founder biographies are not copied from the company site; they are supported by university and Patent Office records.
Inventor · continuous 10% shareholder
Chemical engineer and ecologist at Trakia University. Her 2016 doctorate concerns wastewater and wastewater-treatment sludge, giving the company a credible pre-incorporation research origin.
Named inventor on BG 67650 and BG 4083. Coauthor of the 2025 rose paper.
University + patent records
Inventor · continuous 10% shareholder
Microbiologist and ecologist at Trakia University, with an MSc in ecology/modeling and a microbiology doctorate completed in 2009.
Named inventor on BG 67650 and BG 4083. Named as company representative/responsible person in the 2021 waste decision.
University + patent records
Dual meaning: their academic backgrounds support technical credibility. Their equity and inventor status also create a material conflict to disclose when company-linked research is published.
The business has undergone four meaningful ownership configurations and three managers.
| Public record | Mariana | Aleksandra | N. Mitkov | Elizabet | N. Nikolaev | Diya | Georgi | Manager |
|---|---|---|---|---|---|---|---|---|
| Oct 2019 | 30% | 30% | 20% | — | — | 10% | 10% | Nikolay Mitkov Mitkov |
| Apr 2021 | 30% | 30% | 20% | — | — | 10% | 10% | Aleksandra Velkova |
| Jan 2022 | 40% | 30% | — | 10% | — | 10% | 10% | Aleksandra Velkova |
| Feb 2023 | 45% | 35% | — | — | — | 10% | 10% | Aleksandra Velkova |
| Jun 2026 | — | 25% | — | — | 55% | 10% | 10% | Nikolay Nikolaev Minkov |
The signed June 2026 agreement contains governance provisions that make the voting picture less simple than the 55% headline.
Nikolay Nikolaev Minkov holds 55 of 100 EUR 5 shares, giving him 55% of the registered capital.
The agreement gives each named shareholder one vote regardless of shareholding.
General Meeting decisions require four-fifths of the named shareholders.
Changes to capital require unanimity.
On the agreement’s face, the 55% economic owner cannot unilaterally pass ordinary General Meeting resolutions. This is an evidence-based reading of the document, not a Bulgarian legal opinion.
Three public names are similar enough to invite a bad merger. The record does not justify one.
Original 20% shareholder and first manager. Exited the ownership in January 2022.
Named on the company history page as someone who recognized the business potential; shortened on the current team page to “Nikolay Petrov,” financial director.
Current 55% shareholder and manager from June 2026. No reliable public biography was found.
Do not conflate Petrov and Nikolaev: the patronymics differ, and no authoritative source found in this research establishes that they are the same person. The site therefore leaves the relationship unknown.
The public record cannot replace management disclosure on current roles and transaction rationale.