Certificate

Solvency certificates have become an important sign of recognition of stable and perspective companies in Europe. Finally, in Latvia any company can get this type of certificate, if it meets the criteria of CrefoCert solvency Standard. CrefoCert certificate is issued for one year, after which can be re-applied, if company complies with the excellent solvency conditions.

What is
CrefoCert?
Why
CrefoCert?
CrefoCert
Standard

What is
CrefoCert?

CrefoCert certificate is a sign of quality and stability, which will strengthen the competitive position and enhance the company's reputation. In Lithuania, for example, a similar solvency certificate is issued to 1000 companies each year, as they have appreciated the usefulness of the certificate in business development.

Important that business evaluation is made by independent and professional company, using objective and accurate assessment, according to the methodology of the Creditreform Risk Management in Germany. CCrefoCert certificate is issued by CREFO Rating SIA, which is Creditreform Latvija SIA group company. As of year 2011, CREFO Rating SIA is a licensed re-user of data from Register of Enterprises of the Republic of Latvia, providing online access to database of companies in Latvia — www.crediweb.lv.

CrefoCert.lv website is a platform for obtaining information on all certified companies, as well as current events about CrefoCert certificate. It is a chance to easily and conveniently evaluate your chosen partner because CrefoCert certificate approves the company's stability and ability to meet its financial commitments.

Why
CrefoCert?

According to current calculations, only 5% of Latvian companies meet the criteria for obtaining a CrefoCert certificate, therefore it is a proof of excellent solvency between competitors. To a company received CrefoCert certificate, it is a symbol of quality, usable in communication with business partners, potential clients or mass media.

In globalized economy, when the amount of information is continuously increasing, certificate is an easy and convenient way to present the stability of your company and the ability to fullfil financial liabilities in various business operations, competitions and international cooperation projects.

The solvency certificate is recognizable in Latvia and other countries in the world, therefore obtaining of CrefoCert can help your potential clients and other stakeholders to choose Your company as a responsible and reliable partner.

CrefoCert
Standard

In the process of certification, several criteria are used: detailed financial data analysis, risk classes and CrefoScore* index calculations , reflecting the solvency indicators. The unique methodology is developed in cooperation with Creditreform Risk Management Germany, providing an automated and objective assessment of company's solvency.

A variety of indicators are used in financial data analysis, such as the company's structural data (number of employees, company's age, legal form etc), business sector risk indicators, information from VAT register, Creditreform credit history database, information about insolvency, liquidation, reorganisation and other processes.

Read more about CrefoCert Standard here

Purchase of CrefoCert

CrefoScore ≤ 250
Riska class ≤3
Company has been registered for at least 1 year
No significant credit risks found through detailed financial analysis.

CrefoScore ≤ 200 for the last 2 years
Riska class ≤ 2 last 2 years
No significant credit risks found through detailed financial analysis.

Certificate offer includes:
  • CrefoCert certificate for a year

  • CrefoCert certificate original in a frame

  • Certificate online stamp

  • Remarks on international credit reports

  • Remark on CrediWeb company profile

  • Possibility to translate certificate in multiple languages

  • Company logo with link to home page and a brief description of the business on crefocert.lv

  • Additional publicity in social media

150 € + VAT 21%

Apply for certificate

500 € + VAT 21%

Apply for certificate