Swedish Financial Due Diligence
Quality of earnings for Swedish targets, built from the SIE export the ledger already produces. K2 and K3 bridged onto the basis you underwrite.
Discuss a dealWhat we do
SIE4-native data handling
We work from the SIE4 export rather than a reformatted spreadsheet. One file carries the monthly P&L, balance sheet, account detail and voucher support for the entire diligence period.
K2, K3 and IFRS bridging
A buyer underwriting on IFRS or K3 cannot read K2 numbers at face value. We bridge reported figures onto your basis, showing the adjustments that move EBITDA: capitalised development costs, goodwill amortisation, lease treatment and P&L presentation.
Quality of earnings
Reported EBITDA walked to a defensible deal basis. Owner salary normalised to market, fair market rent on owner-occupied premises, non-recurring items dated and evidenced.
Working capital and net debt
Component-type tagging, period-end alongside LTM average, and debt-like items itemised: pension deficits, lease liabilities, unpaid dividends.
Swedish statutory accounts
Reconciliation of the årsredovisning filed with Bolagsverket back to management reporting, because that is where a buyer's first substantive questions land.
Frequently asked questions
How long does a Swedish QoE take?
Three to four weeks for full scope. You see a first-cut databook inside 72 hours, faster than on a comparable UK or US mandate because the SIE file eliminates the data-loading phase.
Can you work from Swedish-language ledgers?
Yes. Account names, voucher narrative and supporting documents are processed in Swedish. Deliverables are issued in English by default, or bilingual on request.
What if the target reports under K2?
We bridge K2 onto K3 or IFRS as the buyer requires. The principal divergences are capitalised development costs, goodwill amortisation, lease treatment and P&L presentation format.
Do you cover the Norwegian and Danish markets?
Yes. See our Nordic coverage for Norway (SAF-T), Denmark (årsrapport) and Finland (tilinpäätös).
Want this for your deal?
Send the ledger export or data room index. We will confirm scope and timing within one business day.
Book a consult Get the data-request list