Company status in Finland: what each register status means

Each status used in Finland, in English, with the standard status the Prometiam API returns and what it means for doing business with the company.

Every register words its company states differently. This guide lists the status values used in Finland, what each means in English, and the standard status the Prometiam API returns for it, so the same question (is this company still alive, in trouble or gone?) has the same answer across countries. The register’s own value stays available as local_status.

Coverage and limits for Finland: company records only (no officers, no registry-compliance signal); insolvency notices are linked by business ID.

Status values in Finland

Register statuslocal_statusstatus in the APIStage
Rekisteröity: registered, no special situation recordedactiveactiveactive
Yrityssaneeraus: company re-organisationin_restructuringin_restructuringdistress
Konkurssi: bankruptcybankruptin_liquidation_insolventwinding_up
Selvitystila: liquidationin_liquidationin_liquidationwinding_up
Lakannut or poistettu: ceased or removed from the registerdissolvedderegisteredclosed

What each status means for doing business

  • Active (active): The register shows no dissolution, insolvency or removal. That is the normal state, but not a guarantee of solvency or good standing: check filings and payment behaviour as your policy requires.
  • In restructuring (in_restructuring): A court-supervised rescue is open while the company keeps trading. Existing creditors are usually bound or held back by the plan, so agree payment terms in advance and check which creditors the plan covers.
  • In insolvent liquidation (in_liquidation_insolvent): Bankruptcy or judicial liquidation: the company is being wound up to pay its creditors. File your claim with the liquidator or trustee, do not ship on credit, and expect contracts to be ended or handled by the liquidator.
  • In liquidation (in_liquidation): The company is being wound up and no longer trades normally. Stop new credit, file any claim, and ask who the liquidator is.
  • Deregistered (removed from the register) (deregistered): Removed from the register: the legal person no longer exists (in the US: dissolved, revoked, withdrawn or no longer listed in that state). It cannot sign, be sued or be paid, so invoice a successor or the former owners and check whether it merged. Some registers can restore or reinstate an entity, so check before you treat it as final.

Reading statuses in Finland

If several situations are recorded for a Finnish company, bankruptcy (konkurssi) wins over liquidation and restructuring. Insolvency notices are linked by business ID.

Filter and monitor by status

# companies whose standard status is in_restructuring
curl -H "Authorization: Bearer rk_live_..." \
  "https://api.prometiam.com/functions/v1/risk-api/companies/search?country=FI&name=<company name>&status=in_restructuring"

# or filter by the register's own value
#   &local_status=in_restructuring

status is the same list in every country; local_status is the register’s own value. Use one or the other, not both. Outside Spain a status filter must be combined with a name or an identifier.

More about Finland

Finland company data API guide, the free Y-tunnus lookup, and legal forms in Finland. All countries: company status meanings.

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Frequently asked questions

What does “Konkurssi” mean for a company in Finland?
bankruptcy. The Prometiam API returns it as status "in_liquidation_insolvent" (In insolvent liquidation) with local_status "bankrupt". Bankruptcy or judicial liquidation: the company is being wound up to pay its creditors. File your claim with the liquidator or trustee, do not ship on credit, and expect contracts to be ended or handled by the liquidator.
What does “Lakannut or poistettu” mean for a company in Finland?
ceased or removed from the register. The Prometiam API returns it as status "deregistered" (Deregistered (removed from the register)) with local_status "dissolved". Removed from the register: the legal person no longer exists (in the US: dissolved, revoked, withdrawn or no longer listed in that state). It cannot sign, be sued or be paid, so invoice a successor or the former owners and check whether it merged. Some registers can restore or reinstate an entity, so check before you treat it as final.
What does “Selvitystila” mean for a company in Finland?
liquidation. The Prometiam API returns it as status "in_liquidation" (In liquidation) with local_status "in_liquidation". The company is being wound up and no longer trades normally. Stop new credit, file any claim, and ask who the liquidator is.