The Financials tab provides an in-depth look into a company's financial performance and standing. You can use it to analyse a company's size, economic viability, stability, and overall health.

How to navigate the Financials tab:

1. Visit Bizzy.org.

2. Use the search bar to look for the desired company.

3. Select the company's profile from the search results.

4. Click on the Financials tab.

5. Navigate through the sections, and click on the provided links to download data or view specific metrics.

Key Components of the "Financials" Tab

1. Financial Health Score 

This score gives a quick and general overview of a company's financial health.

• The higher the score, the better the company’s financial situation and the lower its chance of failure.

• Companies with higher scores tend to have significantly lower debt levels, are more profitable and more liquid.

2. Financial Data

This section is subdivided into various categories that offer detailed financial metrics:

• Profitability: Provides metrics that indicate how well a company generates profit.

• Liquidity: Shows how easily a company can cover its short-term liabilities using its short-term assets.

• Solvency: Indicates a company's long-term financial sustainability and its capability to meet long-term obligations.

• People Data: Contains metrics related to the workforce, such as number of employees.

The data in this section is sourced from the National Bank of Belgium (NBB) for Belgian companies, ensuring authenticity and reliability.

3. Credit Safe Data 

Credit limit

The Creditsafe credit limit is a guideline for the maximum amount of credit that a business should offer to another company, indicating their financial capability and risk level. This calculated limit, found in a Creditsafe company credit report, is based on a comprehensive analysis of various data points, including a company's financial performance, trade payment history, and public information, all to help businesses make quick and accurate credit decisions. 

How Creditsafe's Credit Limit is Determined
Creditsafe uses advanced statistical techniques and a vast global database to calculate these limits: 

• Company Data: Financial performance data, including assets, liabilities, and sales, is analyzed. 

• Payment History: Trade payment information from suppliers is crucial for assessing a company's ability to pay its debts. 

• Public Information: Data from official institutions like government bodies, national banks, and court records is incorporated. 

• Other Indicators: Utility, telecom, and ISP payment information, along with industry sector analysis, are also considered. 

What the Credit Limit Means for Your Business

• Risk Assessment: The credit limit helps you understand the financial risk associated with providing credit to another company. 

• Decision-Making: It provides a quick and reliable tool to make informed decisions about potential customers and suppliers before entering into agreements. 

Warning Sign: A drop in a company's credit limit can be a sign of potential financial distress and an inability to manage credit effectively.

 Credit score 

The Creditsafe credit score is a tool that predicts the likelihood of a company becoming insolvent or bankrupt within the next 12 months, using advanced statistical models and trade payment data. The score is typically on an A-E scale, with 'A' representing the lowest credit risk and 'D' the highest, though a 1-100 numerical score can also be used. This score helps businesses assess the financial stability of their trading partners and make informed decisions about credit. 

How the Creditsafe Credit Score Works

• Predictive Modeling: Creditsafe uses statistically backed models with advanced techniques to analyze key data points that indicate a company's financial risk. 

• Data Sources: The models incorporate trade payment data, showing how a company pays its bills compared to its industry, as well as derogatory legal information like tax liens and judgments. 

• Insolvency Prediction: The core purpose of the score is to predict the probability of a company becoming seriously delinquent (90+ days late on payments) or going bankrupt within a 12-month period. 

Understanding the Score

• A-E Scale: For international reports, the score ranges from A to E. 

  • A: Lowest credit risk. 

  • D: Highest credit risk. 

  • E: Indicates insufficient or outdated financial data for assessment. 

• Numerical Score (1-100): In some cases, the score may be presented as a number from 1 to 100, where a higher score generally indicates greater stability. 

Why It's Used

• Risk Management: Businesses use the score to assess the financial health of current and potential customers and suppliers, minimizing risks associated with offering credit. 

• International Comparisons: Creditsafe provides a standardized international credit score with a uniform bandwidth, simplifying the comparison of company credit scores across different countries. 

• Informed Decision-Making: The score provides a solid foundation for setting credit limits and optimizing debt recovery strategies. 

4. Downloadables

For those who wish to delve deeper or perform their own analysis, the platform offers downloadable financial data:

• You can download comprehensive financial datasets in XLSX or CSV formats.

• Each year's financial data can also be accessed as a detailed PDF report under Report Details.