A Bisnode International Business Rating Agency rates the financial stability and business reliability of all companies based on a system of continuous feedback and evidence, developed by international experts. This is how Bowman and Becker Ltd. was selected as one of the most financially stable companies. Based on this, our company is one of the 1.75 % of Hungarian companies that are financially the most stable, i.e. have some form of Bisnode certification.
We are honoured to be ranked among the best in Bisnode's objective company rating. We take great care to act fairly in the market, so it is important for us that an external expert has confirmed that the probability of insolvency of our company is extremely low. We believe that Bisnode Certificate to our customers, suppliers and employees, we will further enhance the trust that is increasingly important in long-term, stable business relationships. Bisnode's recognition of our company's stability as an independent expert sends us the message that we are on the right track in building our business. As our company is certified on a strictly professional basis and there is no application or application process, the Bisnode certificate is a truly positive way of differentiating our company in the market.
Bowman and Becker Ltd. has been awarded Bisnode AA (double A) certification, which is only 1.75 % of companies in Hungary and indicates that the financial risk of doing business with us is very low.
The Bisnode certificate is based on Bisnode certification, which has rated companies internationally on the basis of their reliability since 1908. The Bisnode certificate, which is issued with AAA, AA and A marks, indicates the stability of a company and that it is financially sound. The AAA company certification was introduced in 1989 and since 1996 companies have been given the opportunity to demonstrate their business reliability in the form of a certificate. The certificate gives eligible companies the opportunity to demonstrate to others that their company is a respected, reliable, creditworthy business. The Bisnode certificate is used in many countries in Europe and is considered the standard for doing business in the Nordic countries.
The Bisnode rating is based on data from several official sources, such as Ministry of Justice data, registrations at the Companies Registry, NAV and other authorities. In addition to data from official sources, it incorporates financial information on the company, such as balance sheet data, profit and loss account, trends. The rating takes into account the demographic data of the company or organisation, i.e. age, activity, size, owners and their affiliations. Bisnode's payment experience program incorporates data from the company's payment history into the rating to determine whether the company pays its bills on time or late, i.e. its payment discipline. In addition to the above, the system also adds a range of other collected information to the Bisnode rating, such as enforcement data or press releases.
Since the Bisnode rating not only indicates the current financial stability of our company, but also, thanks to the Bisnode rating design, the probability of our company becoming insolvent in the next year, we can proudly say that Bowman and Becker Ltd. will continue to be a stable player in the market.