How to check a company's annual financial statement?

Table of Contents
1. Where and how to find information about a company?
2. Key steps for checking the annual financial statement

When you want to understand the real economic condition of a company, checking its financial statement is the first step to take. This document shows not only the revenues but also the structure of expenses, debts, and the stability of the business. Timely review of the data gives you a clear picture of the reliability of partners, suppliers, or clients.

Where and how to find information about a company?

Every company in Bulgaria is obliged to publish its annual financial statement in the Commercial Register, which guarantees access to official and verified public information. There you can find accounting documents related to the activity for the respective reporting period, including a balance sheet report, an income statement, and an annual declaration.

This data provides a clear idea of the company's liquidity and financial discipline, building a foundation for deeper analysis. The review of the full package of documents reveals additional details that help you assess not only the current state but also the potential for growth. Thus, the entire analysis process provides a fuller picture and reveals possible risks in the business development in a timely manner.

Key steps for checking the annual financial statement

A full check of a financial statement gives you a clear idea of the stability of any company. Here are the steps you need to take:

• Go to the Commercial Register and search for the selected company by its UIC (Unique Identification Code / EIK). This is the most reliable source of official information on registration and published reports.
• Review the submitted accounting documents for the last reporting period. This will give you an accurate idea of the financial results and the company's current status.
• Analyze the assets and liabilities to see the ownership structure. This will show you how the company manages its resources and the balance between debts and capital.
• Compare revenues and expenses to establish trends in profits and the cost structure. Tracking this data reveals the stability and efficiency of the business.
• Look for data on indebtedness and assessment of debt burden. This information is key for evaluating the risk in a partnership or investment.

These steps provide a comprehensive perspective on the financial statement of any company, allowing an adequate opinion to be formed. Precise checking reveals the stability and transparency of the business, which is key for anyone who wants to make investment, partnership, or management decisions with confidence.