May 2026
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Largest Public Companies in Bulgaria
Benchmark revenue and EBITDA valuation multiples for public comps like
Shelly Group, Sopharma, TchaikaPharma, Fibank and Speedy.
 | Shelly Group SE is engaged in the acquisition, management, evaluation, and sale of participations in Bulgarian & foreign companies; acquisition, management, and sale of bonds; acquisition, evaluation, sale, and patents. It delivers innovation through designing, producing, and distributing high-quality IoT products. It group manages the business with electronic devices as one operating segment. Its products include Smartwatches, Tracker, and Home automation. It derives the majority of its revenue from the sale of smart devices. | $70 | +33% | $1B | $1B | 7.2x | 29.7x | ||
| Sopharma AD-Sofia is a company engaged in the production of pharmaceutical products. Its principal activities include the production and trade of medicinal substances and finished drug forms; and research and development as well as engineering and implementation activities in the field of medicinal products. It is also focused on the distribution of pharmaceuticals like medical supplies, sanitary materials, vitamins, food supplements, and cosmetics. The company's segments are the Production of pharmaceutical products; Distribution of pharmaceutical products. It generates the majority of its revenue from the Distribution of pharmaceutical products. | $2 | -72% | $1B | $1B | 0.7x | 7.3x | ||
| Tchaikapharma Highquality Medicines AD is engaged in the business of manufacturing and selling pharmaceuticals in Bulgaria. The company specializes in both generic and in-licensed manufacturing. The company has medicines for Anaesthetics, Nervous system, Oncology, Anti-Inflammatory and Anti-Rheumatic, Antibiotics, Digestive system, diabetes and metabolism, and Respiratory system. The company generates all of its revenue from the sale of medicines. Geographically, the company generates the majority of its revenue from Bulgaria. | $11 | -44% | $1B | $1B | 26.6x | 163.5x | ||
| CB First Investment Bank AD provides banking services. The company provides Retail banking; Microlending; SME banking; Corporate banking; Card payments; Digital banking; Trade financing; International payments; Corporate lending, and others. Geographically the group operates principally in Bulgaria but also has operations in Cyprus and Albania. | $4 | -35% | $573M | $2B | 5.0x | — | ||
| Speedy AD Sofia is a company engaged in the provisions of courier services. The company offers domestic, international and additional services. Its online services include Trace a shipment, redirect the shipment, MySpeedy, Smart Control, Integration with online stores, Electronic invoices and others. | $103 | -56% | $552M | $552M | 1.8x | 21.0x | ||
| Eurohold Bulgaria AD is an integrated holding company. The company's segments include Insurance; Energy and Asset management and brokerage. It generates maximum revenue from the Energy segment. The Energy segment includes Sales of electricity; Electricity transmission; Electricity generation and Information, communication, technological, and other services. | $1 | -43% | $325M | $325M | 0.2x | 1.4x | ||
| Bulgartabac Holding AD specializes in tobacco processing, cigarette production, and exports. The company is an exporter of processed Virginia, Burley & Oriental tobaccos. It supplies aromatic and semi-aromatic types of tobaccos. Its products include Victory, Class S, Femina Slim, Prestige & Welcome. | -- | -- | $283M | $289M | — | — | ||
| CB Central Cooperative Bank AD is a universal commercial bank. The Bank comprises several products and services in the field of financial intermediation, with an emphasis on SME lending and retail banking. As a universal commercial bank, the company offers an array of financial products and services. The bank is a primary dealer of government securities on the Bulgarian domestic market. | $2 | -1% | $243M | $243M | 1.4x | — | ||
| M+S Hidravlik AD is a Bulgaria-based company that is principally engaged in the industrial equipment industry. It distributes and repairs hydraulic motors, steering units, valves, brakes, and accessories. The company's product range includes hydraulic motors, hydraulic disc brakes, crossover, switch and relief valves for hydraulic motors, as well as hydrostatic steering units and accessories for steering units. | $6 | -46% | $239M | $239M | 2.6x | 16.6x | ||
| Velgraf Asset Management AD is a real estate development company. The company is engaged in the purchase, construction, management, and sale of real estate. | $3 | -46% | $209M | $209M | 50.7x | 73.8x | ||
| Smart Organic Ad Sofia is a producer and distributor of organic food in Europe. It offers Protein Bars, Fruity Bars, Smoothies, Rice Snacks, and Hazelnut Cocoa spread, among others. | $18 | -50% | $205M | $205M | 3.7x | 18.2x | ||
| Gradus AD is a poultry producer. The product line of the company includes fresh products, frozen products, specialties, sausages, and delicacies. Its product offerings include whole chicken, chicken fillet, chicken bon fillet, chicken legs, chicken drumsticks, boneless chicken, flavored chicken wings, minced chicken, skinless thigh steak, ham sausage, chicken pate, chicken pate with olives, among others. | $1 | -39% | $178M | $178M | 1.5x | 15.9x | ||
| Telematic Interactive Bulgaria AD Sofia is engaged in the field of the online gaming industry. It is involved in activities namely casino games and online betting. | $12 | -52% | $158M | $158M | 1.9x | 14.4x | ||
| 235 Holdings AD-Sofia is a Bulgarian based company operate as a real estate service provider. The company is principally engaged in providing property investments and management services. | $29 | -- | $149M | $149M | — | 2441.8x | ||
| Synthetica AD is a holding company. It operates in various sectors such as property management in the hospitality and tourism, production and marketing of flexible packaging, biaxially oriented polypropylene film and manufacture of hemodialysis products. | $49 | -44% | $147M | $147M | 10.7x | 27.1x | ||
| CB Bulgarian American Credit Bank AD is engaged in providing secured finance to small and medium-sized businesses in Bulgaria. The company also searches for diversification of its portfolio through exposures to corporate customers and other sectors of fundamentals such as renewable energy as well as financing of projects that are contracted under the EU operational programs and last but not least - by expanding the range of services and products offered in the retail banking segment. | $6 | -48% | $144M | $184M | 2.8x | — | ||
| Sofia Hotel is mainly engaged in hotel management, restaurant management, accompanying tourist activities such as business services, fitness, rental of commercial and advertising space, holding congress and conference events and other types of additional services related to international and domestic tourism. | $27 | -- | $143M | $211M | 7.9x | 26.8x | ||
| Advance Terrafund REIT is engaged in investing in agricultural and urban lands in Bulgaria for the purpose of receiving income from leasing agricultural land to farming companies and selling urban lands to domestic and international investors. | $2 | -52% | $137M | $132M | 18.0x | 109.6x | ||
| Doverie Obed Hl is a holding company that unites companies which carry out their activities in the field of commercial banking, health care, wine making, residential building, household chemicals, purchase/sale of DIY goods, renting out real estate and movable property, and others. The company has the following operating segments Banking sector, Insurance sector, Trade in ‘do it yourself’ goods, Non-financial enterprises performing financial services, Medical services, Detergents & household chemicals, and Others The majority of revenue is from the Banking sector. | $6 | -39% | $133M | $133M | 0.3x | 1.1x | ||
| Bulgarian Stock Exchange AD is functioning stock exchange in Bulgaria. The principal activity of the group is to organize trade in securities and other financial instruments; organize and maintain an information system for security deals; and establish and maintain a clearing system. It has aggregated its operations into three reportable segments - Trading in Financial Instruments, Information Services, and Registration of Issues for Trading. It offers a wide range of RSS information services to serve the corporate clients, such as data-vendors, investment intermediaries, and issuers. The group performs their activities in Bulgaria only. | $10 | -12% | $127M | $127M | 9.4x | 11.0x | ||
| CB Texim Bank AD operates in the banking sector. The company performs general banking functions in Bulgaria. | $3 | -17% | $126M | $126M | 7.5x | — | ||
| Sopharma Properties REIT is a special purpose investment company for securitization of real estate. | $5 | -45% | $119M | $119M | 13.8x | 14.1x | ||
| Stara Planina Holding AD is a holding company. The company is engaged in the acquisition, management, evaluation, and sale of shareholdings in Bulgarian and foreign companies; acquisition, management, and sale of bonds, evaluation and sale of patents, transfer of licenses for the use of patents, belonging to companies where the holding company has participation; financing companies where the holding company has participations; other commercial operations, except those prohibited by law. The investment portfolio of the holding is distributed mainly in the following industries, Machine Building; Electrical Engineering, Light Industry, and Financial. | $6 | -40% | $119M | $119M | 0.7x | 5.3x | ||
| Sopharma Trading AD is a Bulgaria based company operating in the pharmaceutical sector. The company is engaged in the distribution of pharmaceutical items, including a portfolio of international brands, medicinal products, medical supplies, sanitary and hygienic materials, vitamins, nutritional supplements, cosmetics, medical equipment, and equipment. It also provides turnkey solutions for the construction of medical and hospital establishments. In addition, the group also caters logistics solutions for import, storage, and distribution of goods to end customers. | $3 | -49% | $116M | $116M | 0.1x | 1.5x | ||
| Rodna Zemya Holding AD is a holding company. | $2 | -46% | $111M | $145M | 1.3x | 11.0x | ||
| Galata Investment Co AD is engaged in the real estate sector. The company is engaged in the buying and selling real estate and letting of its own real estates. | $2 | -46% | $110M | $108M | 826.8x | (300.7x) | ||
| Chimimport AD is a company, engages in the acquisition of shares, the restructuring, and management of its subsidiaries in Bulgarian and foreign companies. The company's operating segment includes Production, trade and services; Finance; Transport; Real estate and Construction and engineering sector. Transport segment provides air, river and marine transport. It generates maximum revenue from the Transport segment. | $0 | -44% | $106M | $106M | 0.2x | 1.0x | ||
| Bulgarian Real Estate Fund REIT operates a Bulgarian real estate fund. The Fund is investing the cash funds raised through securities issuance in real property, securitization of real property through the purchase of ownership rights and other real rights over real property, carrying out construction and improvements therein to make it available for management, rent, leasing, and sale. Its objective is to achieve capital appreciation using diversified investments in business buildings, residential and other high-class properties, retail premises, and agricultural land on Bulgaria's territory. The fund's rental income is generated from external customers located in Bulgaria. | $3 | -44% | $105M | $100M | 3.5x | 6.7x | ||
| Balkan and Sea Properties Reit-Varna is a real estate investment trust. | $15 | -45% | $103M | $103M | 30.6x | 97.7x | ||
| Himsnab Bulgaria AD is engaged in letting of own assets for rent for commercial, warehouse and office space and production, commercial activity. | $41 | -46% | $103M | $103M | 2.9x | 11.5x | ||
| Sila Holding AD is engaged in the acquisition, appraisal, and management of shares, bonds, as well as the licensing of patents in Bulgarian and foreign countries. It also finances other enterprises in which it is a shareholder. The Group operates in the following business segments: financial sector, manufacturing sector, and services sector. | $2 | -45% | $97M | $97M | 129.9x | 27.9x | ||
| Trace SOP EOOD is engaged in construction and related activities. It performs major public projects in the field of infrastructure, environment, public works and hydro-technical construction, energy and building construction. | $4 | -53% | $96M | $96M | 0.4x | 6.6x | ||
| Industrial Holding Bulgaria AD is engaged in acquisition, management, assessment and sale of shares in Bulgarian and foreign companies, acquisition, assessment and sale of patents, cession of licenses to use patents to companies in which the company holds shares, financing of companies in which the company holds shares, as well as any other activity not prohibited by law. | $1 | -49% | $90M | $90M | 1.4x | 23.4x | ||
| Telelink Business Services Group AD provides system integration, connectivity, information security, cloud, and data solutions in the three main market segments: mobile telecommunications service providers, fixed telecommunications service providers, and large and mid-sized public and private organizations. | $6 | +1% | $73M | $73M | 0.4x | 4.5x | ||
| Holding Nov Vek AD is engaged in the acquisition, appraisal and managing of shares, bonds, as well as the cession of licenses for patents. Its activities are: securities acquiring, management and sale, evaluation and sale of patent rights. | $13 | -48% | $72M | $72M | 4.6x | 99.8x | ||
| Odessos Shiprepair Yard is engaged in repair and docking of vessels. The company offers various services such as mechanical, piping, electrical, blasting and painting, carpentry, docking, storage and fire safety. | $120 | -69% | $70M | $70M | 1.2x | 10.5x | ||
| Investor Bg is an internet media Company providing online information, entertainment, and Internet services. It owns and operates websites for other companies. Its portfolio includes undertaking marketing and advertising activities for their clients. | $13 | -47% | $64M | $64M | 4.1x | 46.1x | ||
| Alcomet AD is a Bulgaria-based company, which is primarily engaged in the production of aluminium extruded and rolled products. Its operation includes production and sale of castings, rolled and extruded aluminum products, used in machine building, construction, food industry, among others. The company offers its product under various categories namely foundry, rolled, press and packaging products. Its product range includes cast billets and coils, aluminum sheets, strips and foils, extruded profiles, bars and tubes, as well as powder coating sheets, and tubes. Alcomet products sold in both Bulgarian and overseas market. | $3 | -55% | $60M | $60M | 0.2x | 3.9x | ||
| Sv Kons & Elena is engaged in acquisition and management of investments in subsidiaries, rental of own assets / tourist and commercial sites / maintenance of the general infrastructure of the resort of St. Sveti Konstantin and Elena, exploitation of sea beaches, construction by assignment of luxury residential buildings, purchase and sale of goods, provision of hotel services, maintenance and management of residential complexes of closed type, technical, administrative, and other services. | $18 | +7% | $60M | $60M | 1.9x | 7.9x | ||
| Emka Ad is engaged in the production of wires and cables. The company manufactures non-halogen and polyurethane cables. The product portfolio includes insulated wires, cables, flexible cords, non-insulated wires, winding wires, among others. | $1 | -42% | $60M | $60M | 0.6x | 7.8x | ||
| Hydraulic Elements and Systems AD is a manufacturer of hydraulic machines & equipment. The Company designs, manufactures and services hydraulic cylinders, single-acting and double-acting piston cylinders. | $3 | -45% | $59M | $59M | 1.2x | 9.7x | ||
| Albena operates hotels and restaurants and provides international tourism services. Its facilities include hotels, restaurants, bars, internet cafes, medical services, congress halls, swimming pools and sports services. | $14 | -53% | $59M | $59M | 0.7x | 3.1x | ||
| FairPlay Properties REIT is a real estate investment trust. The company's portfolio consists of apartment complexes, hotels, commercial buildings, residential buildings, and offices among others. Some of its projects are Fodder Kitchen, Fodder Plant, Moderato Restaurant, Greenville Hotel and Apartment Houses, and others. | $1 | -40% | $58M | $58M | 1.9x | 4.8x | ||
| Neochim AD manufactures chemicals and chemical products like ammonia, nitric acid, ammonium nitrate, formalin, polyamide, fertilizer blends, desalinated water, ammonia anhydrous and others. | $22 | -13% | $58M | $58M | 0.3x | 4.9x | ||
| Sirma Group Holding JSC specializes in information technologies and software development, system integration and software implementation. The company develops semantic platforms and solutions, cognitive software business solutions, industrial applications, mobile platforms and applications, ERP software, solutions and services for the financial industry, payment services, e-government platform and IT services. | $1 | -- | $55M | $55M | 0.7x | 8.6x | ||
| Agria Group Hol is an investment holding company. The company divisions include Agribusiness which involves the purchase and lease of agricultural land, cultivation of cereals and oilseeds, and construction of irrigation systems; Storage and processing of agricultural products including construction and management of modern granaries; Trade and export and Renewable energy sources. | $7 | -74% | $47M | $47M | 0.1x | 1.2x | ||
| Monbat AD is a Bulgaria-based company engaged in the production and maintenance of and sale of batteries; engineering and development activity; production and trade of equipment used in battery manufacturing; domestic and foreign trade and establishment of commercial networks; specialized stores and representative offices; recycling of lead and lead containing alloys. The company's product range includes starter batteries, stationary batteries, deep cycle batteries, and leisure batteries, special batteries for military applications and locomotive batteries. Additionally, it is also involved in the production of light emitting diode (LED) lighting. The company operates geographically across Bulgaria, Serbia, Romania, Nigeria, and others. | $1 | -57% | $45M | $45M | 0.2x | 1.9x | ||
| Tk Hold is a holding company engaged in purchase and exchange of shares and bonds, and development of acquired businesses. It focuses on restructuring, management, and establishment of its subsidiaries. | $5 | -45% | $43M | $43M | 3.5x | 6.3x | ||
| Asenova Krepost AD is principally engaged in the manufacturing of flexible polymer packaging from polypropylene and polyethylene materials. Its product categories include Transport packaging, Consumer packaging, and Polymer materials for agriculture. | $10 | -48% | $43M | $53M | 6.6x | 61.0x | ||
| AmonRa Energy AD Sofia is engaged in engineering, construction, and operation of renewable energy systems, including photovoltaic plants and wind turbines. The company's main revenue comes from export, wholesale, and retail trade in photovoltaic systems and components. | $6 | -17% | $39M | $39M | 1.0x | 32.5x | ||
| Toplofikacia Pleven AD-Pleven is the steam heating utility operating in Bulgaria's northern town of Pleven. The activities of the company include Fossil Fuel Electric Power Generation, Steam and Air-Conditioning Supply. | -- | -- | $38M | $38M | — | — | ||
| Regala Invest AD operates in the real estate sector. The company is engaged in the buying, selling and renting of real estates. | $2 | -48% | $38M | $38M | 9.4x | (279.6x) | ||
| Bulmetal AD manufactures light metal packaging (metal packaging and cans) in Bulgaria. The group produces a wide range of packaging products including aerosol bottles, boxes for canned products, boxes from 1 to 30 litres; boxes for paints and varnishes, honey, olives, olive oil, coffee, tea, spices, meats and vegetables, fish products; cheese boxes/tins/cone tins; thinner boxes; moulded boxes; boxes for grease and rubbing alcohol; decorative boxes, etc. In addition, it manufactures metal packaging machines and equipment, and transports goods in Bulgaria and abroad. The group's operating segments are: Packaging, which derives maximum revenue, and Machinery. Geographically, it generates maximum revenue from Bulgaria, followed by Canada, Romania, Greece, Germany, and other regions. | $5 | -8% | $33M | $33M | 0.5x | 4.6x | ||
| Bulgarian Private Equity Fund AD Formerly Bulgarian Equity Investment Fund AD is engaged in the acquisition, management & sale of shares in Bulgarian & foreign companies. It also offers commercial mediation & representation, purchase, sale & exchange of real estate, renting & real estate management. | $2 | -39% | $30M | $30M | 57.5x | 34.2x | ||
| ELANA Agrocredit AD Sofia offers loans to farmers for the purchase of agricultural land. | $1 | -50% | $30M | $53M | 4.6x | 22.4x | ||
| Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others. | $2 | -34% | $28M | $28M | 1.2x | 31.7x | ||
| Formoplast AD manufactures large-sized moulds for plastic transport, agriculture and industrial crates and boxes, household utilities, and technical parts. | -- | -- | $25M | $28M | — | — | ||
| Reisswolf Bulgaria AD is a closed cycle of services for complete information protection. Its digital services include Digital Management, Scanning and image processing, DMS solutions, and Backup software. | $3 | +23% | $23M | $23M | 12.9x | 20.4x | ||
| ITF Group AD Sofia is a non-banking financial institution that provides a large portfolio of financial services to borrowers. Its main products are consumer loans with various payment schedules targeted to audiences with a specific risk factor. The company's clients are capable individuals, with a steady income and a good credit history, permanently residing on the territory of the Republic of Bulgaria, as well as legal entities. It has created and operates two separate consumer lending brands: Smile Credit and GetCash. Smile Credit is an online lending platform, offering payday and installment loans, and GetCash mainly offers installment loans through a network of sales offices in Bulgaria. | $6 | +82% | $22M | $22M | 1.7x | 5.4x | ||
| Bravo Property Fund REIT-Sofia is a special purpose investment company for securitization of real estate. It is engaged in raising funds through the issuance of securities and subsequent investment of the raised funds in real estate and real estate rights, carrying out construction, improvements and furnishing in the latter. | $1 | -49% | $22M | $22M | — | — | ||
| Industrial Capital Holding AD is a Bulgaria-based holding company engaged in the evaluation, acquisition, management, and sale of shares in Bulgarian and foreign companies. | $1 | -58% | $21M | $21M | 0.1x | 1.0x | ||
| MFG Invest AD-Sofia is a holding company bringing together companies in the non-banking financial sector. The group has a portfolio of businesses operating in consumer lending, credit cards, P2P investments, and other alternative financial services sectors. It engages in intermediation and consulting activities, commercial representation, brokerage, acquisition, and management of shareholdings. | $2 | +14% | $20M | $20M | 131.3x | 12.4x | ||
| Tiz Invest AD business activities are the Purchase of goods or other items for resale in original, foreign trade activities, transactions with real estate and property rights thereon, hotel and restaurant activities, transport activities, and representation and brokerage. | $13 | +35% | $18M | $18M | — | — | ||
| Severcoop Gamza Holding AD-Sofia is a Bulgaria based company. Its activities include acquisition, management, evaluation, and sale of a participation in Bulgarian and foreign companies; financing of companies in which it participates; and providing loans to companies in which it has control. | $3 | -45% | $14M | $14M | 12.3x | 4.7x | ||
| Zarneni Hrani O is an agribusiness company. It is engaged in the distribution of fertilizers and chemicals, oilseed processing, storage & trade in grains and oilseeds, biodiesel production & logistics services. It offers services to farmers. The company has three segments Manufacturing, Trading and services, of which Manufacturing segment derives maximum revenue. The Manufacturing segment includes production of vegetable oils; production of biodiesel; processing and extraction of technical oils; extraction of crude oil and natural gas; processing of oil and condensate, production of petroleum products, polymers and synthetic fibers; production of low-voltage electrical equipment; processing and trading of plastics; production and trading of polyethylene products. | $0 | -51% | $14M | $14M | 0.3x | 1.5x | ||
| VF Alternative AD-Sofia operates as an alternative investment funds company. The company is engaged in investment and commercial transactions, sale and redemption of stakes or shares, advisory services on investment and commercial transactions. | -- | -- | $14M | $14M | — | (107.1x) | ||
| Etropal AD is engaged in the business of manufacturing medical accessories. The product portfolio includes fistula needles, blood taking sets, transfusion and infusion sets, catheters and tubes, urine collecting bags, colostomy bags, among others. The company also produces hip - joint endoprosthesis and instruments of implantation. | $3 | -46% | $13M | $13M | 1.4x | 17.9x | ||
| Phoenix Capital Holding AD is engaged in the acquisition of real estate, its management (including rental and construction works and improvements) and sale of the property. The company focuses on residential properties, office buildings, and holiday properties and hotels. | $1,049 | -48% | $13M | $13M | 8.7x | 3.9x | ||
| Lavena AD - Shumen is a Bulgarian cosmetic manufacturer. The company manufactures a variety of personal hygiene and skincare items, including creams, oils, shampoos, soaps, gels, wet wipes, toothpaste, and sprays. It operates under the brands Bebble, Maternea, Footness, Hands@Work, Sport Ready, and MyRose. | $1 | -57% | $12M | $12M | 0.8x | 4.9x | ||
| Balkankar Zarya PLC is engaged in the business of manufacturing and supplying steel wheels and rims in Bulgaria. The products are used in electric trucks, electric fork-lift trucks, pallet trucks, electric tractors, motor trucks, and other types of industrial vehicles. | $5 | +178% | $12M | $12M | 2.0x | 32.3x | ||
| Petrol AD is engaged in the distribution of fuels in Bulgaria. Its other business activities comprise selling of fuel at retail and wholesale, storage of fuels and maintenance of fuel sales facilities. | $0 | -50% | $11M | $11M | 0.0x | 0.7x | ||
| Bulgarian River Shipping AD operates in the transportation industry. The company provides ferry services for passengers, transport of mass and general cargos, transport non-dangerous goods and fuels, and transport of large-scale and concentrated loads. | $0 | -49% | $10M | $10M | 1.0x | (8.4x) | ||
| Intercapital Property Development REIT is an investment company for real estate securitization. The company functions as a collective investment scheme for real estate investments and its investment projects include Marina Cape and Grand Borovetz. Its operations are conducted throughout the region of Bulgaria. | $0 | -13% | $10M | $10M | 52.9x | 12.5x | ||
| Toplivo AD is engaged in the provision of petroleum products like propane-butane, liquid petrol and liquid petroleum gas. It also offers construction and heating materials like firewood, wooden materials, decorating tiles, briquettes, wood, and metals. | $2 | -37% | $10M | $10M | 0.1x | 21.0x | ||
| Bul Land Inv Re is an investment company for securitization of agricultural land. The objective is to provide shareholders with a growing value of the company's shares and current income through the distribution of dividends. | $1 | -37% | $9M | $9M | 33.0x | 76.0x | ||
| Webit Investment Network AD-Varna is an investment holding company. It invests and acquires shares in start-up companies. | $1 | -21% | $9M | $9M | — | (16.8x) | ||
| Real Bulland JSC is a real estate company. It is engaged in the acquisition of agricultural land, which is used for agricultural production for renting or leasing to agricultural producers as well as the selling of concentrated and consolidated land. | $1 | -43% | $9M | $9M | 41.1x | 31.6x | ||
| Futures Capital AD provides foreign direct investments in the real estate, leisure, healthcare, infrastructure, energy, and technology sectors. | $20 | -42% | $9M | $9M | 32.8x | 38.5x | ||
| Aroma Ad manufactures range of perfumery and cosmetic products with natural ingredients. Its products range consists of product groups such as hair care, face care, and oral care, perfumery, toilette water and perfumes, cosmetics for men and kids. | $1 | -60% | $9M | $9M | 0.5x | 3.2x | ||
| Advance Equity Holding AD Sofia is an investment company. The company focuses its investments on new start-up companies that have high growth potential. | $0 | -- | $8M | $11M | — | — | ||
| Bolkan Property Instruments REIT-Sofia is engaged in providing financial services and insurance business. | $8 | -33% | $8M | $8M | 10.3x | 26.3x | ||
| Varna Plod Ad is engaged in marketing fresh and processed fruits and vegetables, groceries and flowers, and related services. The company also provides storage and refrigeration facilities and warehousing services. | $140 | -- | $7M | $7M | 1.3x | 4.7x | ||
| Aktiv Properties REIT is a joint stock company with special investment purpose of securitization of real estate. It carries out the business of investing cash resources, raised by issuing securities into real estates. | $3 | -49% | $7M | $7M | 43.7x | 1.6x | ||
| Elhim Iskra AD manufactures lead-acid starter and traction batteries. The batteries are used in the equipment of motor vehicles, agricultural machinery, warehousing equipment, road construction machinery, under-floating equipment, railway transport, electric cars and golf carts, photovoltaic and wind power plants, among others. | $0 | -68% | $7M | $7M | 0.4x | (36.9x) | ||
| Plovdiv Y Gagar manufactures multi-colour printed packaging and labels of cardboard and paper for cigarettes, food, cosmetic and other industries. | $6 | -44% | $6M | $6M | 0.0x | 0.2x | ||
| Boleron AD is a software company that digitizes and automates various processes in insurance. | $1 | -21% | $6M | $6M | 14.2x | (5.3x) | ||
| ImPulse Growth AD is a Bulgarian-based company. Its activity consists of business and investment activities, including those related to the acquisition, management and disposal of shares in growing companies, including indirect participation in the capital of such companies through the acquisition of shares in companies, and managing equity portfolios. | $1 | -12% | $6M | $6M | 39.3x | 6.0x | ||
| Zlatini Pyasatz provides services and facilities for leisure, focusing on various hotel, dining and entertainment options; the management and maintenance of the resort infrastructure. | $1 | -53% | $5M | $5M | 0.4x | 0.9x | ||
| Global Gaming Solutions AD is a is a software fintech company which has developed and operates the first of its kind licensed platform for online lottery games in Bulgaria. | $0 | -21% | $4M | $4M | — | — | ||
| Billboard Ad Or is a Bulgaria based digital and offset printing company. It provides various solutions which include Digital printing solutions for billboards, packaging of buildings, branding of cars and photorealistic art galleries; Offset printing solutions for calendars, magazines and corporate periodicals and newsletters; Metro advertisement solutions covering transport advertising, advertising at the point of sale and advertising in urban environments and 3D printing solutions for making 3D models in the field of art, industrial design and architecture. Geographically, it has operations in France, Germany, Romania, and other countries; and generates a vast majority of its revenue from France. | $0 | -50% | $4M | $4M | 0.2x | 1.2x | ||
| Momina Krepost AD is engaged in the production and sales of medical products. The product portfolio includes syringes, injection needles, tubes, catheter, medical clothes, urine collecting bags, among others. | $2 | +78% | $4M | $4M | 5.5x | (5.2x) | ||
| Fazerles AD manufactures hardboard panels in Bulgaria. The products of the company are used for the furniture industry, metal industry, packaging industry, glass and food industry, automotive industry, and construction industry. The products of the company are sold in Europe, Asia, Africa, and America. | $7 | -50% | $4M | $1M | 0.1x | (2.8x) | ||
| Magenta Investments REIT is a real estate investment trust (REIT) with a portfolio of commercial, office, residential and vacational properties and land plots in Bulgaria. The fund assets are fully invested in nearly 6 projects. | $1 | -48% | $3M | $3M | — | (92.8x) | ||
| Bee Smart Technologies AD Sofia is engaged in Production of devices and apparatuses for measuring, testing and navigation, management and maintenance of computer means and systems, consulting activity on information technologies. | $7 | +21% | $3M | $3M | 4.4x | (944.0x) | ||
| Slanchev Bryag AD is engaged in the operation of hotels and resorts. | $1 | -78% | $2M | $2M | 1.1x | (23.0x) | ||
| Paysera Bulgaria JSC operates in Bulgaria and Romania. The company provides services related to electronic money issuance and redemption, domestic and international money transfers, payment gateway solutions for e-commerce, POS terminals, debit cards, event ticketing through Paysera Tickets, QR-based retailer payments, and gold trading and storage. Its operations include marketing, sales, customer service, and technical support adapted for the local markets. | $2 | -43% | $2M | $2M | 0.8x | (29.5x) | ||
| Reserve Capital REIT is engaged in raising funds by issuing securities and investing the cash reserve in receivables, purchase of receivables, and performing other commercial activities directly related to the purchase and/or securitization of receivables. | $3 | -- | $2M | $3M | — | — | ||
| Sever Holding AD main activity of the holding is related to the acquisition, management, evaluation and sale of participations in Bulgarian and foreign companies; acquisition, management and sale of bonds; acquisition, evaluation and sale of patents; and assignment of licenses for the use of patents to companies. | $2 | 0% | $2M | $42M | 14.2x | 15.8x | ||
| Cba Asset Mg Or is engaged in investments in subsidiaries operating in retail selling food and other products. | $1 | -39% | $1M | $1M | 8.2x | 3.1x | ||
| Fund Estates REIT is engaged in the securitization of real estate. The scope of activity of the company includes fundraising through the issuance of securities and subsequent investment of the raised funds in real estate and real rights on real estates, construction works, improvements and furnishing in the latter, in order to provide them with management, rent, lease or lease and/or subsequent sale. | $0 | +110% | $1M | $12M | 15.8x | 12.4x | ||
| Median | $3 | -45% | $38M | $43M | 1.9x | 7.0x |
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