“At the moment, the company does not have enough funds available to pay its debts, therefore the company decided for a petition to open insolvency proceedings, pursuant to Law No. 85/2014, which will be filed in court,” the company said in a statement.
Tricomserv posted RON6.5 million revenue in the first half of 2025, as well as RON520,000 losses.
The decision comes less than one year after Tricomserv started on the capital market. It listed its first non-convertible secured corporate bond issue (TRI29.RO) worth RON2.5 million on the Multilateral Trading System of the Bucharest Stock Exchange on January 28, 2025.
Tricomserv is 52% held by its CEO, Ioan Varga.
(English version by Loredana Fratila-Cristescu)