AFR Publications

Each company must prepare and publish its annual financial statements, which provide information about the financial condition of the enterprise at the end of the reporting year and allow comparability with data from previous periods.

The components of the financial statements are:

  • balance sheet;
  • income statement;
  • statement of equity;
  • cash flow statement;
  • application

The annual financial statements for all enterprises consist of at least a balance sheet, a profit and loss account and an appendix.

The annual financial statements of micro-enterprises may consist only of a condensed balance sheet by sections and a condensed income statement.

The annual financial statements of small enterprises may consist of a condensed balance sheet by sections and groups, a condensed income statement and an appendix.

The annual financial statements of medium and large enterprises, as well as of public interest entities, are prepared in a complete set, according to the applicable accounting standards.

The annual financial statements of sole traders, for which the amount of net sales revenues for the current reporting period does not exceed BGN 200,000 and is not subject to mandatory independent financial audit, may consist only of a statement of income and expenses.

The Accounting Act (AA) requires some companies to prepare the following documents and publish them together with the annual financial statements:

  • Annual report on the activity under Art. 39 of the Law
  • Non-financial declaration under Art. 48 of the Law
  • Report on payments to governments under Art. 53 of the Law

Ensure your peace of mind and submit your Annual Financial Report to us:

  • Publication of the annual financial statements of EOOD / OOD
  • Publication of annual financial statements Joint-stock companies

Brain Storm Consult will assist you with the complex procedures for publishing the annual financial statements (AFS).

Our proposal is to publish the annual financial statements in the Commercial Register at the Registry Agency and save time by submitting the documents by e-mail.

Procedure for publishing the annual financial statements in the Commercial Register

The Accounting Act obliges every trader within the meaning of the Commercial Law (CA) to prepare Annual Financial Statements (AFS) for the previous year by March 31, and a certain circle of enterprises are obliged to publish the reports in the Commercial Register by June 30 ZSch).

IMPORTANT !!! In case of non-fulfillment of this obligation, solid sanctions are envisaged within the indicated terms.

  • Sole traders do not publish annual financial statements in the Registry Agency, except for those that are subject to mandatory financial audit. If they still want to have published reports, they can do so on our website.
  • Enterprises that did not carry out activity during the reporting period – is declared with a declaration, which is published in the commercial register by March 31 of the following year. No purpose fees for publishing the declaration are due.

In order to publish your annual financial statements or declaration of inactivity, you must send to our e-mail

Your reports in a format convenient for publishing / .pdf /.
Information about your company:

  • Full name of the company
  • Management address and registered office
  • VAT
  • Person representing the enterprise
  • Partners / Shareholders
  • Compiler of reports
  • Email (to contact you and receive an invoice)
  • Contact phone
  • State fee board – BGN 20 for submitting reports electronically
  • The bank border for the paid price of the service – paid in advance by bank transfer

For more information you can use the form “Make an inquiry” or write to us at or contact us at +359 2 80 99 740.

Our services

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