• Undertaking In Difficulty Test and Declaration

  • This form must be compiled by a Certified Public Accountant registered with the Malta Accountancy Board. The information should be based on the lastest financial statements.

  • Notes:

    • The defintion of an 'Undertaking in Difficulty' is established in the General Block Exemption Regulation. 
    • The size of an enterprise should be determined in line with the parameters provided in Annex 1 of the General Block Exemption Regulation. 
    • If the enterprise being reviewed is linked to other enterperises, Malta Enterprise may request separate Undertaking in Difficulty declarations for these enterprises especially if the accounts of these enterprises are not covered by consolidated accounts.

    Useful Links: 

    • General Block Exemption Regulation. 
    • User Guide to the SME Definition. 

  • In this form you are required to provide audited or independently verified financial data for the latest two financial periods, that is, the latest complete fiscal year and the one preceeding it.  

  • Undertaking in Difficulty Test and Declaration   

  • Date Established*
     - -

  • Undertaking in Difficulty Test and Declaration

  • Establish the size of {MAIN-Name} in terms of Annex 1 of the General Block Exemption Regulation.*
  • Relationship of {MAIN-Name} with other enterprises.*
  • Identify the Liability of Shareholders / Members of {MAIN-Name}*

  • Undertaking in Difficulty Test and Declaration

  • Is {MAIN-Name} subject to collective insolvency proceedings or fulfils the criteria under its domestic law for being placed in collective insolvency proceedings at the request of its creditors?*
  • Are there enterprises linked to {MAIN-Name} or within the same group as {MAIN-Name}, that are subject to collective insolvency proceedings or fulfil the criteria under its domestic law for being placed in collective insolvency proceedings at the request of its creditors?*
  • Has {MAIN-Name} received rescue aid and has not yet reimbursed the loan or terminated the guarantee, or has received restructuring aid and is still subject to a restructuring plan?*
  • Are there other enterprises linked to {MAIN-Name} or within the same group as {MAIN-Name}, that received rescue aid and have not yet reimbursed the loan or terminated the guarantee, or have received restructuring aid and are still subject to a restructuring plan?*

  • Undertaking in Difficulty Test and Declaration

  • Audited or independently verified data for {MAIN-Name}, registered in {placeOf} with registration reference {MAIN-Reg-Number}.

  • {SME_Auto_Cap_Loss_Result}

  • Undertaking in Difficulty Test and Declaration

    This page is only applicable to Large Enterprises

  • Audited or independently verified data for {MAIN_name}, registered in {placeOf} with registration reference {MAIN-Reg-Number}.

  • Undertaking in Difficulty Test and Declaration

    This page is only applicable to Large Enterprises.

  • Audited or independently verified data for {MAIN_name}, registered in {placeOf} with registration reference {MAIN-Reg-Number}.

  • {Dept-to-Equity-Result-Enterprise}

    {EBIDTA-to-Losses-Result-Enterprise}

  • Undertaking in Difficulty Test and Declaration

  • In compiling this form, you have indicated that {MAIN-Name} is part of a group which maintains consolidated accounts.  Below you are required to provide details of the entity (such as a holding company) under which the accounts are consolidated. 

    Note:  Malta Enterprise may require that you complete this from / declaration for other linked entities in the group.

  • In compiling this form you have indicated that {MAIN-Name} is controlled by another entity.  Below, you are required to provide details of the entity which has the ultimate control of {MAIN-Name}.

    Note:  Malta Enterprise may require that you complete this form / declaration for other linked entities in the group.

  • {CTRL-Capital-Loss-TEST}

  • Undertaking in Difficulty Test and Declaration

    This test is only applicable to Large Enterprises that are controlled by other enterprises or form part of a group.

  • Audited or independently verified data for {CTRL_name}, registered in {CTRL-Reg-Place} with registration reference {CTRL-Reg-Number}.

  • Undertaking in Difficulty Test and Declaration

    This test is only applicable to Large Enterprises that are controlled by other enterprises or form part of a group.

  • Audited or independently verified data for {CTRL_name}, registered in {CTRL-Reg-Place} with registration reference {CTRL-Reg-Number}.

  • {CTRL-Debt-to-Equity-TEST}

    {CTRL-Interest-Cover-TEST}

  • Undertaking in Difficulty Test and Declaration


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  • Clear
  • Should be Empty: