Know who you are doing business with.

We verify the company's legal existence, registered name, tax identification code (CUI), trade register number, legal form, date of incorporation, declared duration, and current status. We confirm whether the entity is active, suspended, undergoing insolvency proceedings, or struck off.

We assess discrepancies between the registered name and the name used in commerce, entities with a declared fixed duration approaching expiry, companies incorporated within the last twelve months with no visible operational footprint, and registered office addresses shared with an unusual number of other entities.

We identify every shareholder with their respective ownership stakes and nationalities. We identify every director, the scope and duration of their mandate, and whether that mandate remains current. We examine the declared beneficial ownership structure and assess whether it is consistent with the visible corporate chain.

We assess sole director-shareholder structures involving non-resident individuals, chains of corporate shareholders that may obscure the ultimate beneficial owner, expired director mandates that render contracts legally vulnerable, and nominee indicators such as multiple directorships across unrelated entities, frequent rotation of directors, and shared registered offices.

We verify whether the company is fiscally active or has been declared inactive by ANAF. We confirm VAT registration status and, if the company has been deregistered, we identify the specific legal basis, distinguishing between voluntary deregistration, administrative cancellation for non-filing, and compulsory cancellation.

We assess fiscal inactivity (which renders all invoices issued by the company void and creates direct fiscal liability for any counterparty), VAT cancellation under the various grounds set out in Article 316(11) of the Fiscal Code, non-enrolment in e-Invoice despite mandatory applicability, and patterns consistent with fiscal optimisation structures.

We extract and analyse the company's key financial indicators over the last three available fiscal years, including total assets, equity, total liabilities, turnover, operating result, and net result. We calculate the debt ratio, current ratio, and return on equity.

We assess negative equity (a statutory trigger under Romanian company law requiring dissolution or recapitalisation), consecutive annual losses, declining turnover accompanied by increasing liabilities, zero turnover combined with zero employees indicating a dormant or shell entity, and failure to file annual financial statements, which is itself a ground for fiscal inactivity.

We search for civil, commercial, and criminal proceedings involving the company, its directors, and its significant shareholders across all Romanian courts. We report case numbers, courts, parties, subject matter classification, procedural stage, and the date of the most recent hearing.

We assess active proceedings for breach of contract, unpaid debts, or fraud, tax disputes initiated by ANAF indicating potential systemic fiscal non-compliance, criminal proceedings against directors, insolvency petitions filed by creditors (even if subsequently withdrawn), and patterns of repeated litigation with different counterparties.

We verify whether the company is or has been subject to insolvency proceedings, whether in the observation phase, judicial reorganisation, or bankruptcy. We identify the judicial administrator or liquidator, the procedural stage, and any deadlines for filing claims. We check for dissolution notices published in the Official Gazette and for security interests registered against the company's assets in the National Registry of Movable Property Security Interests (RNPM).

We conduct a structured search for adverse information concerning the company, its directors, and its significant shareholders in Romanian and international news sources. This includes media reports of fraud, corruption, sanctions exposure, regulatory enforcement actions, environmental incidents, labour violations, and other reputational risks.

We assess any association of the entity or its principals with criminal investigations, regulatory sanctions, or public controversy, patterns of negative coverage suggesting systemic rather than isolated issues, and the absence of any public footprint, which, for a company claiming significant operations, is itself a risk indicator.