Why You Should Verify a Company Before Working Together
Over 280,000 companies are registered in Moldova. Many of them are inactive. Others carry serious debts or have been involved in questionable schemes. Before signing a contract or starting a partnership, it pays to check who you are dealing with.
Commercial fraud, unexpected insolvencies, partners who disappear with the money — it happens more often than you think. Fifteen minutes of verification can save you months of litigation.
What to Check
1. Company Status
Does the firm legally exist? Is it active? Companies can be in liquidation, struck off, or suspended. If a firm is in liquidation or suspended, that is already a clear signal.
On Datero.md, search by name or IDNO and see the status instantly.
2. Registration Date
A firm that is less than a year old has no track record, reputation, or financial data yet. That does not automatically mean it is a scam, but the risk is higher. A company with several years of operations and consistent financials is much easier to evaluate.
3. Financial Data
The numbers tell the whole story. Check:
- Revenue — is the company generating real income?
- Net profit — is it profitable, or accumulating losses year after year?
- Equity — negative equity means liabilities exceed assets, which is a serious warning sign.
- Total assets — does the company have real resources or does it exist only on paper?
On Datero.md you can find financial data for 2020-2022 for all companies that filed reports.
4. Founders and Directors
Who is behind the company?
- Are the founders real, identifiable people?
- Do they own other companies? What condition are those in?
- Does the director change frequently? If so, something is unstable.
On Datero.md you can see all founders and directors, plus every other company they are associated with.
5. Affiliation Network
Many people overlook this, but it matters enormously. If your partner's founder has 15 other companies and 10 of them are liquidated — that tells you something. The affiliation network shows connections between companies through shared founders and directors.
Read more in our article on business networks and shared founders.
Step-by-Step Guide: Verification on Datero.md
Step 1. Go to Datero.md and enter the company name or IDNO code in the search field.
Step 2. Open the company page. You will immediately see basic information: name, IDNO, registration date, status, address.
Step 3. Review the financial section. Check revenue, profit, and equity over the last 3 years. Look for trends: a company with declining revenue and growing losses is a risky partner.
Step 4. Check the founders and directors. Click on each name to see all associated companies.
Step 5. Analyze the affiliation network. The connection graph visually shows you the links between companies.
Red Flags
Watch out for the following situations:
- Company registered less than 6 months ago offering high-value contracts
- Minimum share capital (5,400 MDL) with no other positive financial indicators
- Negative profit across all available years
- Negative equity — the firm is effectively insolvent
- Frequent director changes — more than 2-3 per year
- Founder involved in many liquidated or struck-off companies
- Generic registration address — many firms at the same address may indicate shell companies
- Complete absence of financial data — the company has not filed reports, which in itself is a legal violation
What to Do After Verification
Everything looks fine? You can proceed with greater confidence. Found red flags? Your options:
- Request additional documents directly from the company (certificates, bank guarantees)
- Consult a lawyer for a legal assessment
- Look for alternatives — on Datero.md you can find other companies in the same sector
Instead of a Conclusion
Verifying a business partner is not a luxury. In Moldova, until recently, financial information was hard to access. Datero.md has simplified the process.
On Datero.md you can search for free by name, IDNO, or founder. You get financial data, ownership structure, affiliations, and full history. Better to spend 15 minutes checking now than months dealing with problems later.