Why Financial Analysis Matters
Want to invest, extend credit, or start a partnership? Look at the numbers, not the pitch deck. A financial report tells you directly: is the company growing or shrinking? Does it have real resources or is it living on debt? Is it turning a profit or burning cash?
In Moldova, financial reports are filed annually. On Datero.md you can find them in a clear format for over 280,000 companies, covering 2020-2022.
Key Financial Indicators
Revenue
How much money comes in from core operations. The simplest way to understand the size of a business.
What to look for:
- The 3-year trend: growing, flat, or declining?
- A sudden drop = potential loss of clients or operational problems
- Note: revenue growth alone means nothing — profit matters too
Example: FLOAREA SOARELUI SA — 7.7 billion MDL in revenue in 2022. Full data on the company page.
Net Profit
What remains after all expenses and taxes. The most direct indicator of financial health.
What to look for:
- Consistent positive profit over multiple years = good sign
- Repeated losses = serious problem
- High revenue with negative profit = structural issues
Example: MOLDOVAGAZ SA — 16.5 billion MDL in revenue, but -323 million MDL in profit. High revenue does not guarantee the company is in the black.
Compare with ORANGE MOLDOVA SA: 3.1 billion MDL in revenue and 442.1 million MDL in profit. A 14% margin.
Total Assets
Everything the company owns: buildings, equipment, inventory, cash, receivables.
What to look for:
- In a healthy company, assets grow over time
- High revenue with low assets — either highly efficient or operating on leased assets
- Low assets vs. high liabilities = vulnerability
Equity
Assets minus liabilities. What would be left if the company sold everything and paid off all debts.
What to look for:
- Positive — the company has more assets than liabilities, good
- Negative — technically insolvent, liabilities exceed everything it owns
- Continuously declining = serious problems
Negative equity does not mean the firm goes bankrupt tomorrow, but it is the most alarming signal you can see in the numbers.
Profit Margin
Formula: (net profit / revenue) x 100. Shows what percentage of revenue actually remains as profit.
Benchmarks for Moldova:
- Below 2% — very thin margin, the business is vulnerable
- 2-5% — average margin, typical for trade and distribution
- 5-15% — good margin, typical for services and manufacturing
- Above 15% — excellent margin, typical for IT and telecommunications
How to Identify a Healthy Company
A firm in good shape looks roughly like this:
- Stable or growing revenue over 2-3 years
- Positive net profit in most years
- Positive and growing equity
- Controlled liabilities — not significantly exceeding equity
- Real assets supporting the operations
How to Identify a Company with Problems
Financial warning signs:
- Repeated net losses (2-3 consecutive years)
- Negative equity — the company is effectively insolvent
- Steep revenue decline — a drop of more than 30% year over year
- Missing financial reports — the company has not filed, which is also a legal violation
- Mismatch between revenue and assets — enormous revenue with minimal assets may indicate a pass-through entity
Credit Scoring: What It Is and How It Works
Credit scoring combines multiple indicators into a single risk rating. Banks and leasing companies use it when deciding whether to extend credit.
What affects the score:
- Profitability over multiple years
- Debt level relative to assets
- Equity
- Payment history
- Company age
On Datero.md you can see the key indicators and form your own assessment.
Financial Analysis in Practice with Datero.md
Concrete example: you want to evaluate MOLDRETAIL GROUP SRL (Linella):
- Go to the company page
- Revenue 2022: 8.2 billion MDL — a top retail company
- Net profit: 309.5 million MDL — profitable
- Profit margin: ~3.8% — normal for retail
- Check the 2020-2022 trend: is revenue growing? Is profit consistent?
You can run the same analysis for any company in the database.
Sector Comparisons
Sectors are different. A 3% margin in trade is normal; in IT it would be concerning. When analyzing a company, compare it with others in the same industry. On Datero.md you can find similar companies and compare the numbers directly.
See also the ranking of the largest companies in Moldova for a sector-level perspective.
In Short
Financial analysis does not have to be complicated. Revenue, profit, equity — with these three indicators you can already tell if a company deserves your attention.
On Datero.md you can check any Moldovan company's financials for free. Data is broken down by year with visual trends. Search by name or IDNO and make decisions based on numbers, not impressions.