The Superintendencia de Compañías, Valores y Seguros announced on March 18 that the system for submitting financial statements for the 2025 fiscal year remains open. Companies required to file must submit their information through the institutional portal by April 30, 2026.
This reminder is important because companies are obligated under Article 20 of the Ley de Compañías to send authorized copies of their financial statements, management reports, meeting minutes, and lists of administrators, legal representatives, and shareholders during the first four months of each year.
Since 2021, following reforms in the Ley de Modernización a la Ley de Compañías, an optional annex called “Declaración del Representante Legal” has been available. This document allows a legal representative to submit financial information if the general meeting has not yet convened or approved the statements before the deadline. The submission process should be completed via the main page of the SCVS website in the section “Estados Financieros 2014 – 2025.” Companies are advised to verify and update their general data before starting this process.
Companies that do not meet the deadline will be included in a report on pending obligations and may face sanctions as outlined in company law. Penalties can reach up to twelve unified basic salaries.
According to SCVS, keeping financial statements updated and submitting them on time helps maintain internal order within companies and strengthens transparency and trust in the market. More information is available in the user guide “Presentación de Información Financiera y Societaria” at supercias.gob.ec.
