35,000 financial statements still not submitted to the Finnish Trade Register – a fee for late submission will be imposed on the companies at fault

About 35,000 companies have not yet submitted the financial statements for their most recent financial period to the Finnish Trade Register, which is maintained by the Finnish Patent and Registration Office (PRH). This assessment is based on the PRH's decisions on fees for the late submission of financial statements. The lack of up-to-date financial statements is problematic, both for the companies themselves and for all those who need the information. Financial statements provide a view of the company's financial position, which can be important for customer relations and financing, for example.

Since autumn 2025, the PRH has imposed fees for late submission on companies that file financial statements late or fail to file them.

The fee for late submission is at least 150 euros. If the financial statements are more than four months late, the fee is 600 euros. The fee is doubled if the financial statements are not filed for two or more consecutive financial periods.

“About one third of the fees concern financial statements that are two months overdue. More than half of the fees have been imposed on companies whose financial statements are already over a year late,” says Legal Officer Jussi Huolman.

Even inactive companies must file their financial statements

Limited liability companies and co-operatives must file their financial statements with the Finnish Trade Register within eight months of the end of the financial period. The PRH estimates that about ten per cent of these companies do not meet the deadline. The majority of companies therefore file their financial statements with the Finnish Trade Register on time.

If the financial statements are late, the PRH sends a reminder to the company about the late filings and the fee. After this, the PRH sends a decision on the fee. The Legal Register Centre collects the fees and transfers the money to the state.

The obligation to file financial statements also applies to inactive limited liability companies.

“Some of the companies that have failed to file financial statements are probably inactive,” Huolman says.

Comprehensive financial statements benefit everyone

Approximately 309,000 financial statements are filed annually with the Finnish Trade Register.

It is in the interest of society at large and all the parties that need financial statements that as many companies as possible submit their financial statements to the Finnish Trade Register. When a company files its financial statements by the deadline, parties such as investors and lenders can obtain the latest details more quickly from the Finnish Trade Register.

For further information, please contact

Legal Officer
Jussi Huolman
Finnish Patent and Registration Office (PRH)
Tel. +358 29 509 5898