Of companies which fall behind with their social security contributions, one in seven fails (*)
The company reports overdue debts to the NSSO (National Social Security Office) at the end of the financial year in its recently filed annual accounts (item 9076). This may indicate serious financial difficulties, especially if the company in question also shows liquidity problems. This is often followed by a summons from the NSSO.
Please note that this information is based on recent annual accounts and thus reflects the state of overdue debts as of the closing date of the financial year.
(*) Source: Companyweb: results based on our own study into causes of bankruptcies.
For this company, outstanding debts are reported by the Social Security and/or FPS Finance, resulting in a withholding obligation (Art 30bis and 30ter, more information via this link).
Outstanding debts with the Social Security or FPS finances often indicate serious difficulties, especially if the company also has liquidity problems.
Of companies which fall behind with paying their tax, one in seven fails (*)
The company reports overdue debts to the tax authorities at the end of the financial year in its recently filed annual accounts (item 9072). This may indicate serious financial difficulties, especially if the company in question also shows liquidity problems.
Please note that this information is based on recent annual accounts and thus reflects the state of overdue debts as of the closing date of the financial year.
(*) Source: Companyweb: results based on our own study into causes of bankruptcies.
