In short
- Annual financial statements filed with the tax authority show revenue, profit, employees and the balance sheet for most companies.
- The Trade Register and the Official Gazette reveal shareholders, directors and corporate changes. Court portals show litigation and insolvency.
- Public data is a starting point. Normalised earnings, contracts, tax and real estate need proper due diligence.
Financial statements
Romanian companies file annual financial statements, and the tax authority publishes a summary for each one. It covers revenue, net profit, employees, assets, debts and equity, usually for many years back, which is enough to see growth, margins and leverage over time.
Most companies report under Romanian accounting standards. The summary is a solid starting point, but it does not separate one-off items or owner costs, so treat profit as reported, not as the profit you are buying.
Ownership and management
The Trade Register shows current shareholders and directors, registered activities, branches and work points. Ownership chains matter: many founders hold several companies, and related businesses often share premises, staff or customers with the target.
Corporate history
Changes in shareholders, capital increases, mergers and appointments are published in the Official Gazette. Reading them in sequence shows how the group was built and which companies belong in the perimeter of a deal.
Litigation and insolvency
The courts portal lists cases where the company is a party, and the insolvency bulletin shows any insolvency proceedings. A few commercial disputes are normal. Repeated cases with the tax authority, employees or a single large customer deserve questions.
Real estate, permits and public contracts
- Land register extracts confirm who owns the property the business uses.
- Environmental and operating permits matter in manufacturing, food and healthcare.
- Public procurement and EU grant records show dependence on public customers and any conditions attached to grants.
What only due diligence will show
Public data cannot show the quality of earnings, tax exposures, contracts with change-of-control clauses, the real working capital need or how much the business depends on its founder. These come from financial, tax and legal due diligence once the owner shares information. We combine both: public data to screen and approach targets, then a coordinated due diligence once there is a deal to test.
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