SAGA trial balances · bank scoring · action plan

Your trial balance, read the way a bank reads it.

You upload the PDF of the SAGA trial balance. You get a 100-point bank score, 34 indicators explained in plain language, covenants, Altman Z and a concrete action plan. In minutes, not in two weeks.

free preview · the file is deleted right after it is read · no account

SPECIMEN

Financial analysis report

Example Distribution SRL · CUI 12345678 · Jan-Dec 2025

Rating A/BBB Good - eligible for preferential lending

Liquidity22 / 30

Profitability12 / 18

Solvency19 / 25

Efficiency15 / 20

Revenue, last 12 months +21.5%

JanAprJulOctDec

5 / 6 covenants met sha256:3f9c…e1

34 indicators explained 7 account classes checked 6 bank covenants 22 analysis chapters ~90 s from PDF to report

01 · How it works

Four steps. You only pay at the third.

First we read the trial balance and show you a summary of what we understood from it. If the result looks coherent to you, you can continue to paying for the service. We do not use artificial intelligence to interpret the data, and the trial balances you upload never reach an artificial-intelligence service provider.

You upload the trial balance

The PDF exported from SAGA. The file is read and deleted on the spot, in the same second.

You check for free

The company, the period, the number of accounts and the validation of the 7 classes. Plus a few raw figures, as proof that we read it correctly.

You pay 5 EUR

Through Stripe. Your card details never pass through us. No account, no subscription, no recurring charges.

You get the report

By email and in the browser, identical in both. The PDF stays downloadable for 7 days.

02 · What the report contains

The contents, like a credit file.

Each chapter starts from the trial-balance accounts and ends with an interpretation you can understand without an accounting dictionary.

Bank scoring and rating01

Liquidity current, quick, cash02

Solvency and leverage03

Profitability margins, ROA, ROE, EBITDA04

Efficiency turnover, days, the cash cycle05

Cash and working capital06

Bank covenants 6 conditions07

Lending eligibility 6 products07

Altman Z-Score insolvency risk08

Break-even point09

Financial balance WC, WCR, NC10

Expense waterfall11

Fixed assets and wear level12

VAT output, input, balance13

Anomalies against OMFP 180214

Your company vs. its sector CAEN benchmark, public data via ica.ro

Profit levers how much one point of price moves16

Marginal cost and revenue per leu of turnover17

Portfolio customers, suppliers, stock18

Debt and financing banks, leasing, gearing19

Dividends amounts and tax20

Credit scenarios how much a bank could lend you21

Trend and forecasts how the year closes17

Action plan short, medium, long term15

03 · No dry figures

Each indicator comes with its formula and its verdict.

Not just "liquidity 1.42". You see which accounts the figure was built from, what threshold it is compared against and what it means for your company. Below, one excerpt from each chapter of the report, on the same simulated data.

Bank scoringp. 01

The final score, on four pillars

The same logic the credit analyst applies when opening your file.

Liquidity22 / 30

Good coverage, but a thin margin against collection shocks.

Profitability12 / 18

Net margin above the acceptable threshold, below the optimal one.

Solvency19 / 25

Solid equity, debt below the prudent limit.

Efficiency15 / 20

Turnover close to the sector average.

TOTAL78 / 100 · BB

Acceptable - credit possible, with additional collateral.

Liquidityp. 02

Can you pay what you owe this year?

Three levels, from the most permissive to the strictest.

Current ratio1.42×

(Inventory + Receivables + Cash) / Current liabilities

Acceptable - coverage of 1.4×. Any disruption in collections can create cash pressure. Threshold: ≥ 2.0 optimal, ≥ 1.0 acceptable.

Quick ratio1.11×

(Receivables + Cash) / Current liabilities

Optimal - you can settle current liabilities without selling inventory.

Cash ratio0.18×

Cash (class 5) / Current liabilities

Low - cash covers 18% of current liabilities; a thin reserve for emergencies.

Profitabilityp. 04

Out of every 100 lei, how much remains

The margins, plus the return on assets and on equity.

Net margin8.3%

Profit / Revenue × 100

Good - solid operational efficiency. Threshold: above 8% optimal.

EBITDA178.343 lei

Operating result + Depreciation (681)

EBITDA margin 25.0% - real capacity to service instalments.

ROE41.6%

Net profit / Equity × 100

High return on the shareholders' capital.

ROA22.6%

Net profit / Total assets × 100

Assets produce well, but their turnover stays below 1×.

Efficiencyp. 05

How long the money stays locked up

The cash conversion cycle, across its three components.

Days sales outstanding67 days

Trade receivables (411) / Revenue × 365

Slow - receivables tie up significant resources. Check late-paying customers and apply the contractual penalties.

Days payable outstanding48 days

Trade payables (401) / Expenses × 365

A comfortable term, well negotiated.

Cash conversion cycle31 days

Inventory days + receivable days − payable days

You finance 31 days out of pocket. Each day gained frees up around 1.960 lei of working capital.

Bank covenantsp. 07

The 6 conditions the bank checks

The same thresholds that appear in credit agreements.

✓ Gearing below 60% 37.4%

✓ Current ratio above 1.0 1.42×

✓ Positive equity 421.078 lei

✓ Positive net result 174.921 lei

✓ Debt / EBITDA below 4 2.1×

✕ Debt service covered 1.3× 1.08×

Credit eligibilityp. 07

Which products you qualify for now

The check is done against the usual condition of each product.

✓ Credit line / working capital eligible

✓ Investment loan eligible

✓ Financial leasing eligible

✓ Bank guarantee letter eligible

✕ Factoring receivables too concentrated

✕ Long-term unsecured loan DSCR below threshold

Altman Z-Scorep. 08

Insolvency risk, on five factors

The classic Altman model, calculated on your trial balance.

3.41

high risk below 1.8grey zonesafe above 3.0

Verdict safe zone

Low probability of insolvency over the next 24 months. The weakest factor remains asset turnover (0.92×).

Break-even pointp. 09

At what turnover you break even

Expenses are split into fixed and variable, by the nature of the account.

Break-even point486.200 lei

Below this turnover, the year closes at a loss.

Margin of safety31.9%

(Revenue − Break-even) / Revenue × 100

Sales can drop 31.9% before you fall into a loss.

Operating leverage3.14×

A 10% drop in sales cuts 31% of the profit. A structure sensitive to variations.

Financial balancep. 10

Working capital, requirement, cash

Three figures that tell whether your structure stands.

Working capital (WC)121.550 lei

Permanent capital − Fixed assets

Positive - fixed assets are financed from stable sources.

Working capital requirement (WCR)67.410 lei

(Inventory + Receivables) − Operating liabilities

The operating cycle consumes cash; it is covered by WC.

Net cash (NC)54.140 lei

WC − WCR

Positive - a healthy balance, with no reliance on an overdraft.

Anomaliesp. 14

Accounts with a reversed balance vs OMFP 1802

Automatic checks that catch errors before anyone else does.

✕ 4111 Customers, credit balance −3.204 lei

✕ 5311 Cash, credit balance −118 lei

✓ Classes 1-7 validate 7 / 7

✓ Grand total SF-D = SF-C balanced

Why it matters

A customer account with a credit balance usually means an advance not recorded correctly. The bank sees it and asks.

Action planp. 15

What you do tomorrow, in three months, in a year

Each point starts from an indicator in the report, not from generic advice.

Short term · 0-3 months

Reducing collection days from 67 to 45 frees up around 43.000 lei of working capital.

Medium term · 3-12 months

Bringing the DSCR from 1.08 to 1.30 unlocks long-term unsecured credit, the only breached covenant.

Long term · 1-3 years

Raising asset turnover above 1.0× by putting idle fixed assets to use; ROE would climb above 45%.

swipe sideways or use the arrows · 11 excerpts from 22 chapters

04 · What you do with the figures

Not just what happened, but what you can do

Two chapters that answer not "how was last year" but "what do I move tomorrow" and "how does this year close". The figures below are from the public trial-balance example (simulated data).

Profit levers

What happens to profit if you change price, costs or sales volume by a single percentage point.

The selling price+3,947 lei

same volume, same costs

A percentage point added to price flows entirely into profit. It is the only lever that does this.

The purchase cost+3,002 lei

same price, same volume

To get what one point of price brings, you would have to cut 1.31% of expenses.

The sales volume+3,207 lei

the variable cost rises along with it

Each extra sale brings its own cost too, so less of it is left.

And the part that is not obvious: the report tells you exactly how many times a point of price is worth a point of cost and a point of volume, computed on your company's structure. Almost everyone bets on volume, which is usually the weakest of the three.

Plus the risk in the other direction: how much profit falls if sales drop by 10%, with the operating leverage shown as a number, and how much you must move on each route to raise profit by 10% (or to break even, if the company is at a loss).

How the year closes

From a mid-year trial balance, where the full year lands at 31 December. Three methods, each with its own confidence level.

Linear extrapolation49%

the actuals over 7 months, carried to 12

Revenue 676,675 lei, profit 162,042 lei, margin 23.9%.

Actuals + prior-year average60%

to date, plus last year's monthly average over the remaining months

Revenue 639,649 lei, profit 150,544 lei, margin 23.5%.

The observed pace50%

the prior year adjusted by the real growth

Revenue 676,675 lei, profit 154,772 lei, margin 22.9%.

Confidence is not decoration. It grows as the year advances and is written in the report: an estimate made from two months is worth far less than one from ten, and we say so rather than hiding it.

With last year's trial balance uploaded alongside, the forecast also has a real reference, and the comparison between the two periods goes into the same document.

From both you see a small part for free, on the page before payment: the estimated revenue at 31 December and how much one point of price brings. These are your company's figures, from the trial balance you just uploaded, not an example.

New

Recently added to the report

Five chapters that answer the questions you actually ask about your company - plus the report in your language.

Who owes you, who you owe

Unpaid customers, unpaid suppliers and whether selling the stock covers the suppliers. With a chart.

Debts to banks and leasing

Loans, leasing and creditors, related to EBITDA, plus the debt ratio.

Dividends and their tax

How much you can distribute now and the tax table under the law of the moment: 16% plus CASS.

How much a bank could lend you

Three leverage and collateral scenarios, sized from EBITDA. Indicative, not a promise.

Where the company is heading

Revenue, expenses and profit year by year, from public history, with the current year projected.

The report in your language

By default in the language you browse in; you can pick another at checkout. Several languages, verdicts included.

See them in the example report

NEW · Sector data

Not just your company, but your company within its sector

From the public financial statements filed with the Ministry of Finance, we bring in your entire sector: what an average company in your CAEN class looks like and where you stand against it. Plus your own multi-year history, without uploading any other trial balances.

Your company vs. its sector

We tell you, on margin, profitability and leverage, where you stand against the median and quartiles of the other companies in your CAEN class - from tens of thousands of real companies, not from an opinion.

For example: a net margin of 28% when the sector median is 2.1% means, in black and white, that you are at the top of the sector.

The history from the MoF data

The trend of your turnover and profit, year by year, straight from the filed statements - without giving us any more files.

Sector data and multi-year history brought in partnership with ica.ro, from the public financial statements of the Ministry of Finance.

05 · Privacy

Your data does not stay with us.

The names of your customers and suppliers from the sub-ledger accounts are deleted before you even see the preview. The rest of the data, links and files have an expiry date, enforced by an automated process, hour by hour.

t + 0 seconds

The uploaded PDF file

The original trial balance is read and deleted within the same request. It is never actually stored, not even temporarily, not even if processing fails halfway.

DELETEDimmediately after reading

t + about 2 seconds

The sub-ledger accounts

The names of customers, suppliers and employees are deleted right after the indicators are computed - before payment, not after. Not even a list remains of them.

DELETEDbefore you see the preview

at most

The aggregated indicators

The figures in the report, without any name.

t + 72 hautomated process, hour by hour

at most

The PDF report

The re-download window from the email.

t + 7 daysthen it deletes itself

permanent

What remains: the invoice and the of the report. That's all.

The invoice, because accounting law requires it. The fingerprint, because it is a checksum, not content: it proves what we delivered without keeping what was inside.

2 rowsonly the billing details, no figure from the trial balance

06 · The price

5€_{/ document}

final price
the invoice arrives by email, together with the report
payment through Stripe; your card details never touch our servers
no account, no subscription, no recurring charges
if generation fails after payment, the amount is refunded automatically
the web report and the PDF are identical, page for page

More reports, lower price

one report pay now, no code

5 EUR / report

list price

2-5 reports codes sent by email, valid for 12 months

5 4 EUR / report

−20%

6-20 reports codes sent by email, valid for 12 months

5 3,50 EUR / report

−30%

over 20 reports codes sent by email, valid for 12 months

5 3 EUR / report

−40%

Packages are paid once. You get one code per report by email, use them whenever you want, on whichever companies you want, and unused codes stay valid for 12 months from issue, under the conditions in the terms and conditions.

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07 · Questions

In short.

01 What kind of file do you accept?

Currently we read only trial balances exported to PDF from SAGA, with 8 or 10 columns. Support for other accounting programs is planned, but does not yet exist. If the file cannot be read, the process stops before payment and you are not charged anything. Use another program? Tell us which one and, if we manage to read it, you get 5 free reports.

02 Do I need an account?

No. The only thing required is an email address, at which you receive the report and the invoice.

03 How much does it cost and is VAT added?

The displayed price is final: 5 EUR for one report. The provider is not registered for VAT, so nothing is added to the amount on the page. The invoice arrives by email, together with the report.

04 What happens if generation fails?

The amount paid is refunded automatically, without any request needed, and you receive a confirmation email. We also cover the transaction fee, up to 5 EUR, so you are not left out of pocket. Depending on the bank, the money appears back in 5-10 business days.

05 Can I download the report later?

Yes, from the link received by email, for 7 days. After this period the file is deleted from our servers; we keep only its cryptographic fingerprint, with which we can confirm at any time what we delivered to you.

06 Does it replace the accountant or tax advisor?

No, absolutely not. The report is an automatic processing of the figures in the trial balance you upload, nothing more. It does not check whether the accounting entries are correct, does not uncover omitted or misclassified operations, and has no way of knowing what lies behind a balance.

It does not constitute accounting expertise, financial audit, tax, legal or investment advice, within the meaning of GO 65/1994 and Law 162/2017. It does not replace the annual financial statements and is not filed anywhere. It does not guarantee obtaining financing: the scoring reproduces the usual logic of bank analysis, but each bank has its own grid, plus non-quantifiable criteria.

If the trial balance has errors, so does the report, faithfully. Commercial, credit or tax decisions remain yours and your advisors'. Any possible direction shown by the finantistul.ro platform must be subjected to specialist analysis. Think of it as a tool that quickly shows you where to look, not as someone who tells you what to do.

The trial balance is already done. The analysis takes a minute.

The preview is free and does not even ask for your email.

maximum 10 MB · deleted immediately after reading