The Financial Data service provides you with all the information you need to assess a company's financial position in an easy-to-use and editable format, without any specialized financial knowledge being required.
In conjunction with TSEK platform’s financial behavior data, you can:
- Assess the credit risk of a partnership
- Define credit terms
- Evaluate the company's relative position in its sector
- Select the most suitable partners in each sector
- Easily compare other companies’ data with your own
What information is provided
With a simple search using the VAT numbers of the companies you're interested in, you can view their balance sheets for an eight-year period, both in summary form, with selected key figures, and in full, with detailed financial ratios and trend graphs, and any announcements published in the General Commercial Registry (GEMI) found in the Tiresias database.
In addition, sector activity data is provided so that you can assess their relative position.
In total, for the three (3) most recent years, you will find over 220,000 balance sheets and 138,000 sector indicators.
This information is updated daily by Tiresias expert personnel , who index company publications posted in GEMI and provide supporting data and graphs.
For an even more direct assessment of the probability of a company default on its obligations according to its balance sheet data, you can consult the TSEK Bi report, which provides you with a reliable index developed by Tiresias for assessing a company’s creditworthiness.
In particular, you will receive the following data:
Summary balance sheet and sector data
For each company, we have selected to present six important balance sheet figures and three key financial ratios, with a trend graph for the four most recent years, and a comparison with the relevant sector. More specifically:
- Selected Financial eElements
Turnover (Net Sales): The total revenue generated by the company from its operation throughout the reference year, less returns and discounts. Together with Total Assets and the number of employees, these three factors determine the size of the company.
Net Profit/Loss for the Year before tax: The financial result (profit or loss) before tax of the company’s operation throughout the reference year. It indicates whether the year was profitable or loss-making and the size of the profit or loss.
Total Assets: The total assets and receivables of a company. This includes fixed assets and current assets (inventories plus receivables plus cash).
Net Working Capital (Current Assets – Current Liabilities): A measure of the company's liquidity and short-term financial health. It is calculated as the difference between current assets and short-term liabilities. A positive working capital indicates that the company can finance its current activities and invest in its growth.
Total net worth: The book value of the shareholders' equity. It is equal to the difference between: Total Assets (all assets and receivables owned by the company) minus Total Liabilities (everything the company owes). It indicates the book value that would result if all the company's assets were sold and all its liabilities to its creditors were paid off.
Long-term liabilities: Liabilities with a maturity of more than one year. They usually relate to the balance of loans taken out to purchase fixed assets (buildings, machinery, equipment, etc.).
- Selected Financial Ratios
Current Ratio or Working Capital Ratio: It measures the company's ability to pay its short-term liabilities from its current assets. It is calculated as the ratio of current assets to short-term liabilities. It should always be compared with the company’s sector average. Increased liquidity gives the company the ability, after covering its regular working capital needs, to have a safety margin for any unforeseen expenses and/or take advantage of opportunities, e.g. purchasing raw materials at a low price.
Debt to equity ratio: This is a financial leverage indicator. It is calculated as the ratio of Total Liabilities to Net Equity. The higher the ratio, the more heavily indebted the company is.
Net profit margin before tax - %: It measures the net income (before tax) generated by the company as a percentage of its sales. It is used to monitor the company's performance over time and compare it with the average margin of the sector to which the company belongs.
Company Financial Statements
The TSEK platform provides company balance sheets covering the last eight (8) years that include:
- Basic Balance Sheet Data:
27 basic balance sheet data (Assets & Liabilities) of the company or group for each of the four (4) most recent years
Αny change (%) in the last two (2) years
Τrend graph
It is also possible to export the data to an Excel file for further editing and printing.
- Financial Ratios
For each balance sheet available on the TSEK platform, the following are displayed:
27 financial ratios (Liquidity, Capital Structure & Sustainability, Activity and Profitability) for each of the four (4) most recent years
Trend graph
- Copy of published balance sheets in pdf format
A primary snapshot of the balance sheets for the last eight (8) years with their annexes in pdf format, as posted in GEMI.
Sector data
Data is provided for the sector your company of interest belongs to, including:
- Basic Balance Sheet Data
Number of companies in the sector during the last two (2) years and how many are profitable
List of companies in the sector included in the calculation of financial data, indicating:
- VAT
- Company name
- Postcode of its registered office
- Size and
- Turnover.
22 basic financial data for two (2) years
Comparison with the respective financial data of your company of interest
- Financial ratios
27 detailed financial ratios (Liquidity, Capital Structure and Sustainability, Activity) for two (2) years
Comparison with the financial ratios of your company of interest
Along with the sector ratios, explanations are also provided so that you are aware of all parameters taken into account for their calculation.
GEMI Announcements
The Financial Data service includes:
- Summary of indexed information about the company, such as: GEMI number, registered office, VAT, Board members, status (e.g., active, dissolved/in liquidation), date of establishment, capital, duration of company, shares, etc.) that is easy to review
- Company announcements published in GEMI and collected by Tiresias in a PDF file that is chronologically sorted (e.g. establishment, changes to the Board, dissolution or liquidation, merger, etc.).
How to access
Through any annual TSEK subscription package.
Once you have logged in to the TSEK platform with your username and password:
- Enter the VAT of your company of interest.
- Click on Search to view its details.
- Next, select Financial Data to access the company's business information.
