Extracts from commercial register of Romania Schmidt & Schmidt offers financial statements from Romania in electronic form and their translations into English. According to law, companies in Romania must submit annual financial statements. These data are reported in electronic form or in paper. Depending on the company’s assets, revenue, number of employees, nature of business and legal form, the law requires different amounts of data to be published. Reporting of financial statements in Romania is subject to the Accounting Act and other regulations. In Romania, the IFRS are in use since 2012. Financial statements are filed to local authorities of the Ministry of Finance.

Following companies are obliged to publish financial statements reviewed by an auditor:

  • Joint-stock companies
  • Limited liability companies
  • Joint-stock partnerships
  • General partnerships
  • Limited partnerships
State authorities and non-commercial organizations file financial statements using special procedures. Financial statements of commercial companies must be filed within 150 days after the end of the financial year. Delayed filing of financial statements is penalized. Companies which were inactive during the financial year are exempt from reporting their financial statements. However, they are obliged to file a respective declaration within 60 days after the end of the financial year.

Financial statement of a micro-sized company includes:

  • Balance sheet
  • Profit and loss report
  • Information report
  • Equity statement

A micro-sized company must fulfill two of the following criteria:

  • Assets up to 1.5 million RON
  • Revenue up to 3 million RON
  • Average number of employees up to 10 persons

Financial statement of a small company includes:

  • Balance sheet
  • Profit and loss report
  • Notes
  • Information report
  • Equity statement
  • Cash flow statement (not mandatory)

A small company must fulfill two of the following criteria:

  • Assets up to 17.5 million RON
  • Revenue up to 35 million RON
  • Average number of employees up to 50 persons
  • Financial statement of a medium-sized or large company includes:
  • Balance sheet
  • Profit and loss report
  • Notes
  • Information report
  • Equity statement
  • Cash flow statement
Financial statements of medium-sized and large companies (with assets over 16 million RON, revenue over 32 million RON, number of employees over 50 persons) must be reviewed by an auditor. Example of a financial statement from Romania in the Romanian language. Financial statements provide detailed information about a company’s financial state, solvency and performance of an enterprise. Depending on the size of the enterprise, its financial statement can contain up to several hundred pages. Financial statements are provided by the commercial register of Romania. Most data concerning financial statements are public, but are provided for a fee. They can be obtained either directly from the register in paper, or in electronic form with a special online service. Financial statements can provide valuable information about potential business partner which can be used for making decisions like purchasing capital shares or goods or taking legal action to collect debts. To obtain financial statements of a specific enterprise, its name or its registration number are required. Financial statements are provided in accordance with the legislation of Romania and legal requirements on personal data protection. On our website, you can make a preliminary request if a certain company’s financial statements are obtainable.
Service Price incl. German VAT 19% Price excl. VAT
Price for a financial statement from Romania from 23,80 € from 20,00 €
Price for the translation of a financial statement from Romania from 59,50 € from 50,00 €
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